What if someone bought up all the existing bitcoins?

[kosaymoive333]

Impossible. As soon as they start buying massive amounts people will raise their prices up to 1 million dollars a Bitcoin and they'll never get them all.

[1714935091]

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[yonjitsu]

If granted that he can buy all the remaining bitcoin, then he'll probably the biggest WHALE of bitcoin. Possible things may happen to cryptoworld will be a healthy market and of course, bitcoin's market cap and price will also skyrocketed to the moon. The only problem with that is that when that someone sold all of his bitcoin soon as the market price of each bitcoin is getting so high than the price when he bought it.

[Zero504]

Market monopoly will occur and he can control all available price volumes, but this is not possible because investors are not careless in maintaining their assets.

a very reasonable monopoly on the stock market, but will not find a price balance if it is not widespread. in terms of usage, many large investors are aware and choose not to accumulate just to buy bitcoin.

[milisada]

The market will cease to exist. But this is a priori impossible, because it makes no sense. Unless there is for someone any sense to buy for example in Kazakhstan all tenge? Another value can have a significant purchase of an asset, such as D. Soros bought the pound, and then brought it down and bought again.

[Bannednehlahmos]

I think that's crazy. if someone buys all the existing btc then who will buy back and maybe the btc will die

[TropicalResource782]

If it really happens then there will become the shortage of bitcoin and the price of bitcoin start rising as it will continue till it become available in the market.

[cmaxwell]

it is not possible for a single person to buy  up the whole of bitcoin. several people coming together to purchase or sell Btc Makes the market interesting and competitive and that is why more people are coming to invest in  it.

[Zigzagkuy]

It seems you are overdoing it. How can anyone buy bitcoin all of them. If that happens maybe there will be no other transactions, and surely the price of bitcoin will decrease. But I don't think that will happen. No one might buy all available bitcoins. That's just my opinion.

[Sarastiche]

Just the way one individual cannot buy up the whole Gold  globally, BTC  is a digital currency on demand  by alot of  investors that believe in the currency and are ready to keep investing, with this in  place an individual migth just hold a high stake, those are called whales who have impact in the space.

[ZazaG7]

He wouldn't have to purchase every one of them. On the off chance that his buying streak drives costs up so high, or so quick, that no one will offer them or utilize them, at that point for every single commonsense reason, bitcoin is dead. A cash with no current isn't.

[12tribes]

Some questions outrightly are dumb. If you know how much there is to mine, you wouldn't even ever think of attempting that. Get it straight! Bitcoin's price is a rollercoaster for anyone to think of attempting it.

[Shtamm_oval]

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

Well, this person would probably after such an investment terribly rich, because the demand will be with him just unreal, and this probably just can not happen as we would not want it.

[Cloak1]

If someone bought up all the existing bitcoins,  the price of bitcoin would so much expensive. Bitcoin would be something scarce. Or it could be that there would be another coin which replaces bitcoin.

[Thirdspace]

current market cap of bitcoin is around $110 billion
if someone to buy 50%-75% and assuming the price stays the same, that will cost him ~$60-80 billion
but that will not be the case, that much money thrown into market in short time would surely create sudden price increase
that much buying spree will doubled... tripled... bitcoin price or even more,
so definitely cost than $100 billion to buy up 50% of existing bitcoins
and for someone to do that he needs to be one of the top 10 wealthiest billionaires

Top 10 wealthiest billionaires of 2017

Code:

No.	Name		Net worth (USD)	Age	Nationality	Source(s) of wealth
1	Bill Gates	$86.0 billion	61	United States	Microsoft
2	Warren Buffett	$75.6 billion	86	United States	Berkshire Hathaway
3	Jeff Bezos	$72.8 billion	53	United States	Amazon

[phdilanuom]

Nice question and nice if it happens. I would sell one portion of my last coin for 10000000000............ dollars and another potion for 999999999999........ dollars . It is impossible for one to buy all the existing bitcoins. That is how it is created. It is always a chain. Do not think the nonsense. Involve in it and earn with ease.

[Crypto Girl]

What you say is unlikely to happen, if it happens then there is a huge manipulation in the world.

Obviously, he wants to also have the power to manipulate.

I think that's crazy. if someone buys all the existing btc then who will buy back and maybe the btc will die

Just to remind you that bitcoin price has ups and downs so if it will have a correction then people who already sold their bitcoin will surely buy back. So how come it will die if there's a huge demand?
OP shouldn't go all in one certain price as the price is really a roller coaster ride, don't be a FOMO just because this is the trend instead know the risk in every aspect of investing.

[Phophobobooo]

That will be the news of the century. Have you also thought about if that pers9n buys all, what will be the sense when you have noother peron to trade with later on because you have all. Every other person will be with fiat and that person will alone be handling bitcoin, like where is the sense in that?

[XeBaass]

Therefore even the most ambitious buyers will not be able to buy all the bitcoins that are present today. However, this situation does not indicate that the market is not vulnerable to price manipulation; still does not require a lot of money to move the market price up or down, so so far Bitcoin is still classified as a volatile asset.

[ShowOffoN]

That does not seem possible even David Gates do not have the intention of buying all the bitcoins even if he can afford it. I don't see any reason why someone would do that. Besides, I don't think it's gonna help the movements of the markets if there is only one person with bitcoins. If I were you, I would not worry about something that does not exist.

[AliMan]

The purchase of all bitcoins is impossible, and since bitcoin mining will take place within 20-30 years, and accordingly the price of it will also grow rapidly.

Even its impossible to bought all existing Bitcoin by someone then wait for someone to trade their Bitcoin or find other have potential coin to buy. So I suggest if you can afford to buy BTC then grab that opportunity because Bitcoin is really profit even its having falling price sometimes. Or if you have Bitcoin right now them keep it for long term because surely ot will grow its price.