pehatas
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August 11, 2018, 07:22:05 PM |
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All bitcoins will never be bought by anyone, since in any case Bitcoins will gradually be distributed among people. I think that in the future everyone will have approximately the same amount of crypto currency.
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joromz1226
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August 11, 2018, 07:24:42 PM |
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If there will be only one holding the existing bitcoin he or she can manipulate the market then. we should all accept that the price of any coins in the market is due to selling of the holders. if we will hold it or put it on selling list with the price we want no tokens or coins will go down. if we will let all the people to buy and not to put buy wall.
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stayeduptolate
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August 13, 2018, 03:54:09 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
I think this is completely hypothetical and is like next to impossible for anyone to buy the entire bitcoins present and it is just not possible because there are millions of people around the world who are investing in bitcoin and almost every individual is owning some bitcoins so being a decentralised crypto currency, there is no such proper authentic regulating and this is the reason it is impossible to buy all the bitcoins present in the market because I am 100% sure that at least there would be one person from the millions who will not sell his bitcoins to that person.
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aggeyysido
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The Intelligent Retail Currency
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August 14, 2018, 12:23:49 PM |
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I do not think that the monopoly on cryptocurrency will have a positive impact on the entire market. It seems to me that this should not be allowed.
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Ⓞ fluzcoin Ⓞ █ The Intelligent Retail Currency █ ❐ Backed up by global retailers ❐ Legally compliant ❐ Non-speculative
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basyang
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August 14, 2018, 12:43:38 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
The way I see things is that, All existing Bitcoin can not be bought by one person. However, it can be possible if the price of it is very low or maybe the cost of it is 1bitcoin is equal to 1dollar. But I think that is really impossible because bitcoin is distributed slowly in many people amd in different countries. And who do you think would do this? Maybe he is a greed person who wants only to have a bitcoin in its wallet.
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runway
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August 14, 2018, 01:12:28 PM |
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It is impossible to buy all the bitcoins in this market. If one can buy the full amount of bitcoin, this means that the bitcoin has completely collapsed.
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Jyominall
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August 15, 2018, 12:18:45 PM |
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If one person will own every single bitcoin existence on the market, the currency will sure to collapse. But no one will do that right now, because collapsing all the bitcoin means he is losing all his money there.
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Crypto24hrs
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August 15, 2018, 10:43:48 PM |
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To me this is nothing but a wishful thinking it is absolutely impossible come to think about it what will the person stand to gain the answer is nothing but should incase He is about to succeed i shall be the last man standing that will make him fail by not saling the only one i have
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vnudelll
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August 16, 2018, 12:52:10 AM |
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I think that is impossible. That's a huge number that I never thought of.
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TonyHughesDesign
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August 17, 2018, 11:58:17 AM |
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Ugh... only just found this post.. this must be mental midget hour.. the bigger question is WHY would anybody buy all the bitcoins up! The bitcoin engine would cease to exist. Miner fees would be ridiculous, it would be a platform which would throttle its own neck. People would move on..
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BitBustah
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August 17, 2018, 12:04:26 PM |
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It would be nearly impossible to buy up all the existing bitcoins. Excluding the lost bitcoins, the circulating supply is estimated to be somewhere in the 13-14 million range. The richest known man in the world, Jeff Bezos , has enough wealth to buy all the bitcoins at market price but the problem is his buy orders would make the price skyrocket over 20k and he wouldn't be able to purchase all of them.
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Balayashi
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August 17, 2018, 12:19:46 PM |
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Well that would be almost impossible, as the less btc would be available to buy, the more valuable it would be. But imagine what would happen if a one could eventually buy the 100% supply? i think, in my honest opinion that it would then drop to nearly zero value. No more pair to make with btc in trading as there were no more circulating supply, the entire community would eventually move to another coin and make that coin the strong traiding pair. The puersue for btc would eventually stop because you would know that even if you buy back 10 or 20 or 30% of there would always be one guy with more than 51% that could make the price as he want.
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tanyeza123
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August 17, 2018, 12:41:19 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
Also, what happens on the off chance that somebody purchases up all the cash in this world? All things considered, suppose, however then endeavoring to purchase all the bitcoins, the purchaser will just stop their cost to the roof and, while proceeding to purchase, will spend all that he paid for purchasing bitcoins. Not all bitcoins will be set available to be purchased. bitcoins were initially a decent method to spare cash and in this point of view there are now numerous individuals in the bitcoin network who are not prepared just to part with their bitcoins. And additionally gold, nobody can purchase those bitcoins that will long be blocked off for procurement.
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erichall
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August 17, 2018, 12:41:34 PM |
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It is impossible to buy all the existing Bitcoins because the price would go up to indefinitely and new Bitcoins will be mined thus adding to the supply. Those who were early will have the greatest benefit.
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Saldom12
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August 17, 2018, 12:52:06 PM |
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If it does, maybe he is a truly rich person and a person who has a lot of money. Because if you buy a lot of bitcoin it is also beneficial for you in the future to come.
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greg0rioo
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August 17, 2018, 12:55:55 PM |
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Wow, if there really is, it means that he is a person who has a lot of money and his wealth must also be a lot. Bitcoin is quite expensive and also a good investment tool.
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molla_corda
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September 03, 2018, 05:40:47 PM |
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In this case, this person will essentially be able to sell these Bitcoins at their own price and become a regulator. That is, the whole essence of anonymity and decentralization will be lost. Separately, it is important to remember that cryptocurrencies are expanding in their volume, as a result of such a regulator will have to constantly buy more, and for a lot of money.
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fosco333
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September 04, 2018, 02:42:11 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
It is not easy to buy all of bitcoin. If you buy much btc on the exchange, the price will go spiking and resulting to higher and higher price to be bought. Some peoples may cancel their sell order, and put back the order with the higher price and make the price even higher than before. Need a massive amount of money to buy all of existing btc, almost impossible.
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AnnaJames12
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September 04, 2018, 07:29:23 AM |
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They would push up the price a tremendous amount. But as for "monopolizing" Bitcoin, what could they do then? Owning a large number of bitcoins doesn't mean you control Bitcoin
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