What if someone bought up all the existing bitcoins?

[digroske]

Bitcoin Market Capitalization is around 10 Billion USD today. It's nonsense to even think about it, there is no possible way anyone would buy every single coin, because there are people who would never sell.

I do not think that this is possible. Any monopoly has its limits. no one can buy up all the gold or other valuables, including bitcoin. The world of crypto-currency is rather complicated.

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[bitbunnny]

And how could that be possible? No matter that the number of Bitcoins is limited this would be almost the same if you asked what would happen if someone would have all US dollars in the world.
Stop wondering about things that are not going to happen and be more focused on those what is more relevant for Bitcoin.

[Ewox]

I dont think a single person would be able to buy all existing bitcoins because how can it be circulating if only a certain person would have it all? I think it is really impossible and would be a ridiculous move to buy up all existing bitcoins.

[phelanceter]

It's technically impossible to buy all the existing Bitcoins because  the price would go up to infinity. Plus, new Bitcoins will be mined thus adding to the supply. So nobody could buy all the bitcoins in existence.

[Polly.Nochka]

This is very useful information. I did not know before that the cost of bitcoin increases in proportion to the number of bitcoins that have been extracted. Thank you.

[bebebs12]

well i think 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 and there are whales in bitcoin market who buy large amounts of coins but no whale is crazy enough to buy the entire supply as who will they sell it to later on as no one will be interested in bitcoin then

[piterpie]

If someone wants to own all the bitcoins around the world, then surely it will be days the bitcoin price goes to the moon. But after he owns all the bitcoins on the planet, that's the end of bitcoin

[luckybit1]

This question sounds funny.. i will go serve the person for life .he will become my boss. what will i be doing if bitcoin has gone to leave with one man. But is not possible. But let me leave this with you..all things are possible.

[alfs75]

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

Will,you claiming yourself that your a noob in this kind of crypto investment,and maybe this question that you created is only an imaginative  statement ,that come out into your mind,and otherwise maybe you have a point,or maybe are not,but in my own perception,this kind of topic  is joke something very funny,because all of us claiming ourself to gain profit,but in your side your waiting to become worthless,and you asking how many all of this is feasible,thats why maybe all of this topic is part of your imagination and expectation.

[supelle.born]

This is totally meaningless, it's the same as thinking of some investor wanting to buy all the shares of a company. If it did happen the price of bitcoin would go to the stratosphere!

[yora12]

if something like that happens somehow and if the btc would have a value and become a crytpocurrency than this person or company would be the controller of world currency.

[Kim Domingo]

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

For me, it was do really impossible that someone could buy up all the remaining Bitcoin on the virtual market for the reason that the price was that too expensive and even the richest people in the world might have that hesitation to purchased all the existing Bitcoins for some valid reasons involving the span of time until when Bitcoin can gradually increase and also the assurance of its positive price movement will be the concern because it is not just about purchasing but also gaining for your own goods.

[Liternyy]

this is not possible because the quantity of bitcoin is limited, and if it were so then now there would not be any trade in the market.

[Winifredinme825]

they will manipulate the market. But no one will do that, because they will not make a deal.

[Baskin61]

This is actually the price of bitcoin will increase again because there is a buy btc. Bitcoin will be more spirited if its price peaked.

[mmo4me.2016]

With current bitcoin pricing, along with peer-to-peer and anonymous exchanges! No one has the ability to buy all Bitcoin that has been mining to this times!

[teklang01]

Then the buyer would be super duper rich to buy all of bitcoin. I think it is possible to do that and then he can influence the bitcoin market.

[ngamuk tok]

Although someday there will be super rich people who will buy all the bitcoins, I think bitcoin holders still have a refund of what they trade and they invest for bitcoin.
But if it is true this will happen, with what purpose does the person buy the bitcoin in large quantities? Will it be traded again at a fairly high price or does he just want to be a leader?

[Tilysoo]

I do not imagine how you can buy all the existing bitcoins. Many are already owned by investors. Yes, and it will cost a lot of money. Hardly anyone will be able to afford it.

[Alacate615]

It's not possible, although the billionaire have the money to do it. But the accessibility it's not there. Because bitcoin has circled into the hands of millions of people.