unneros
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August 28, 2017, 02:32:58 PM |
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can you buy all the gold , all the oil , all the mineral of the world ? So you are asking some random guy come out and buy all bitcoins ? moreover , bitcoin is now about 4000$ he must be like have over 90% of money in this world to buy all the bitcoins ! Also if he buy all the bitcoins ? Bitcoins may be loose price and he will be loose ! Noone can buy all bitcoins ! even donald trump said bitcoin is good but he doesn't invest in bitcoins !
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cryptofangl
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August 28, 2017, 02:38:33 PM |
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Funny, how this thread started in 2012 and still got replies. IMO, some day cryptocurrency will do something tremendously bad (less chances - something good) to world economics. And, i think, we will see it with our own eyes
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Vaskiy
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Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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August 28, 2017, 02:39:36 PM |
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One can buy the entire bitcoin if each and every user sell the bitcoin. In reality it's not at all possible for a single user to have the entire bitcoin. Based on the fact it's not required to think about an user holding the entire existing bitcoin and make it go valueless.
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NavySeals
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August 28, 2017, 02:40:29 PM |
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can you buy all the gold , all the oil , all the mineral of the world ? So you are asking some random guy come out and buy all bitcoins ? moreover , bitcoin is now about 4000$ he must be like have over 90% of money in this world to buy all the bitcoins ! Also if he buy all the bitcoins ? Bitcoins may be loose price and he will be loose ! Noone can buy all bitcoins ! even donald trump said bitcoin is good but he doesn't invest in bitcoins !
This is not possible technically and in practise. One cannot buy all of the existing bitcoins via fiat Money. The price would go up 100x maybe. And other thing is that there is something known as 51% attack. If one has more than 50% of the total bitcoins, then he becomes the ruler.
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Genamant
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Trphy.io
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August 28, 2017, 02:54:51 PM |
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in reality i think no one would dare to buy all the bitcoin available most certainly people will just look for another kind what you got would have no value at all waste of money
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Caelanpelley
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August 28, 2017, 02:59:24 PM |
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Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all, or most, of all the bitcoins that exist.
Will it be just like the existing economic system where the rich get richer on the backs of the poor? Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?
I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it is FUD or how feasible any of it is at all at all.
Please help me understand and ease my mind in regard to this issue.
Thank you
Your idea is good but it is impossible. As it is now, the price of bitcoin is very high. Owning some bitcoin - you can already become a millionaire. Bitcoin decentralization a lot, I do not think anyone can buy all. Unless the price of bitcoin goes down.
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dioanna
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August 28, 2017, 03:05:25 PM |
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Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all, or most, of all the bitcoins that exist.
Will it be just like the existing economic system where the rich get richer on the backs of the poor? Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?
I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it is FUD or how feasible any of it is at all at all.
Please help me understand and ease my mind in regard to this issue.
Thank you
haha The one who created this thread was a noob in 2012 now he is legendary em sure he already learnt the answer to his queries back then as for me i guess its not possible for one person to accumulate all the existing btc and even one can i think he wouldnt dare. he would just make the market dead
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botcoinuser
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August 28, 2017, 10:17:22 PM |
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I read new comments , people you underestimate russian oligarchs , they store physical us dollars "assets" in rooms like 2 -4 floor building not in banks, some of them bought from China a lot of heavy bitcoin mining equipment and as i said earlier their hardware consume to much electricity so some Russian east country parts experiencing power outages! I predict further heavy btc increase, still i am interested to original question what happens with btc if a major bulk of btc will be bought, all who own now the btc will become a instant millionaire which in my opinion is very good Is there any regulations in BTC for such case?
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Adbitco
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August 28, 2017, 10:47:04 PM |
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Although that's not possible but even if for some reasons we imagine something like that to happen then it would be just like a dictator holding all the fiat currency and not letting it circulate in the market and then obviously the money he's holding will have no value or will become just worthless so same thing should happen to the bitcoins too eventually they would also become worthless if there were left none of it with anyone of us but all of them were in just one person's possession, it would become worthless I guess.
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Ljanesanti
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August 29, 2017, 12:39:10 AM |
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Though this idea is merely impossible but lets say it did happen, then i think i will find some other ways or industry to invest my money and start from scratch. Or i can invest it to other crypto currencies that are still growing and starting out. Afterall there's unlimited opportunities for you or for anyone here if ever this thing mihht happen especially you already know the trend and the industry.
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szpalata
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August 29, 2017, 02:13:12 AM |
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It is just not practical for someone to buy all of the bitcoins because he will need all the little pieces around the world plus the more he buys the more expensive they will become and I don't think he will prefer to loose all his fortune on something that will be rendered useless after his total purchase.
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sotoshihero
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August 29, 2017, 02:16:10 AM |
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Though this idea is merely impossible but lets say it did happen, then i think i will find some other ways or industry to invest my money and start from scratch. Or i can invest it to other crypto currencies that are still growing and starting out. Afterall there's unlimited opportunities for you or for anyone here if ever this thing mihht happen especially you already know the trend and the industry.
Yersd it is impossible and it is not healthy too. The bitcoin must be distributed as many peoplae sa it can so that it has a healthy virtual economy. If it is controlled by only one person, then he only is using it and its boring and it defeated its purpose
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Nire_sivad
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August 30, 2017, 08:53:17 AM |
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Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all, or most, of all the bitcoins that exist.
Will it be just like the existing economic system where the rich get richer on the backs of the poor? Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?
I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it is FUD or how feasible any of it is at all at all.
Please help me understand and ease my mind in regard to this issue.
Thank you
Decent point. Really appreciate you bring this to our attention. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. I found this great website: https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. Check for example: https://www.coincheckup.com/coins/Bitcoin#analysis To watch Bitcoin Analysis.
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davey76
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August 30, 2017, 09:03:30 AM |
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The question is: Why would somebody WANT to buy them all? I don't see the point?
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stompix
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August 30, 2017, 09:13:01 AM |
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Some flash news from eastern Europe: Russian oligarchs with president of Russia included , currently buying off the bitcoin!!!! Hint: look up power outages in Russia and you will understand that is really happening!!!!
Yeah power outages means Russia has a plan to acquire all the bitcoins. By mining them.... The current reward is 12.5 btc per block or 500k$ per hour or 12 million$ per day. Taking into account that there are at least 10 known Russian oligarch with a fortune of over 10 billions or 3 years of mining, I really doubt this is their plan. They could acquire those coins far more cheaper and without headaches directly from the market. The outages are a result of poor management , no investment no maintenance. Even Putin was angry when the last one hit even the government and the some of structures run by the goverment.
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nrvasquez
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August 30, 2017, 09:19:55 AM |
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Maybe in 2012 there are people who are able to buy all the existing bitcoin. but for now (in 2017) I think it's a very expensive thing. even though it's bill gates. now the price per 1 bitcoin is about $ 4588.77 and even then it can go up again. so I guess for now it will not be possible.
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ict
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August 30, 2017, 09:46:57 AM |
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if someone have all bitcoin, just for what?? many possibility about it, like he will sell with high or low price. or people will not interest with bitcoin again, people will earn altcoin. but, no one will buy it.
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DoublerHunter
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August 30, 2017, 02:37:56 PM |
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If someone will buy all the existing or the bitcoins that are left in the markets then the price will go very high and all of us will become happy because of the rise on the price and i think most of us will sell our bitcoin and that person who bought all the existing bitcoin will have a power to control the market using the supply of bitcoin and that will give him a chance to make bitcoin more profitable for him.
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genesis.vision
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August 30, 2017, 02:46:51 PM |
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Well, in that case the price would skyrocket, at least according to market laws
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damrianto
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September 04, 2017, 02:46:06 PM |
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if anyone buys an existing bitcoin it is he who is the owner and the largest shareholder of bitcoin
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