It would become worth nothing as nobody will be able to purchase it. If all Bitcoin ended up in the hands of one single entity, Bitcoin would fail really badly considering it is meant to NOT be Centralized in any way.
The only Holder will be the only one able to Spend or Receive. As in, they would transfer Bitcoin from one Address to another. It would be useless and worthless.
Topic: A deep thought (Read 156 times)
How is it a deep thought when it's too far from reality?
Anyway, let's play this game. If all coins in the blockchain are owned and hodled by just one individual, then it's probably the end of it all. There'd be no more activity. There's no transaction to mine, so miners would cease their costly operation because nobody is broadcasting anything. Demand is pointless because there isn't any supply available. Bitcoin exchanges, Bitcoin wallets, Bitcoin mixers, and all services related to Bitcoin would stop operating.
At which point, you don't even have to worry about volatility because Bitcoin is dead.
Anyway, let's play this game. If all coins in the blockchain are owned and hodled by just one individual, then it's probably the end of it all. There'd be no more activity. There's no transaction to mine, so miners would cease their costly operation because nobody is broadcasting anything. Demand is pointless because there isn't any supply available. Bitcoin exchanges, Bitcoin wallets, Bitcoin mixers, and all services related to Bitcoin would stop operating.
At which point, you don't even have to worry about volatility because Bitcoin is dead.
Even if this is impossible, just give it a deep thought.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
Very odd to happen at first. So, even in the imagination, let's just say the person will buy all the available unbought bitcoin because there are people who will not sell to you, no matter how much you offer. Don't forget there's still a huge amount of bitcoin in Satoshi wallet.So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
So, trying to imagine what you suggested above is meaningless, but in the worse scenario, hard forking the bitcoin network will happen.
Even if this is impossible, just give it a deep thought.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
Bitcoin value is determined by the market forces of demand and supply. If one entity acquires all the Bitcoin which is impossible, the value of the coin might skyrocket at first. But if the entity refuses to sell the coin over a period of time people might decide to seek another store of value. Some altcoins might end up beginning to become powerful since there will be no demand or supply for Bitcoin. Bitcoin will also lose its decentralized status if an entity owns all of it. I guess many people will lose interest in acquiring it even when such individuals want to sell.
Okay here I come to understand that the essence of demands and supplies has an interest role by which it is liquidated to fluctuate the value of bitcoin on the process of holders or users executing transactions of buying and selling which lies on the potential by which bitcoin holds the capacity of value storage.
So if one entity is possible of buying the entire bitcoin that means the value remains stable and no volatile movement of bitcoin anymore right?
I guess the value would be diminished up to zero level because it would be worthless if it can not be a commodity of exchange of values anymore.
👍
I think people will have different opinions and views about if the price will increase or drop having their separate reasons but then it will very difficult for a person to acquire all bitcoin because of its decentralized system so to come to think of it, it’s impossible and changes nothing.
If a single person should be in possession of all bitcoins at first the price will rise because of the high demand but shouldn’t be for too long and after a while it should drop again and with no market activity it will affect its price negatively and will experience a massive drop in value. Traders and other investors all play an important part in the price of bitcoin.
What the owner intend to do with it will also determine its price if he wants to hodl then the price is likely to remain stagnant.
If a single person should be in possession of all bitcoins at first the price will rise because of the high demand but shouldn’t be for too long and after a while it should drop again and with no market activity it will affect its price negatively and will experience a massive drop in value. Traders and other investors all play an important part in the price of bitcoin.
What the owner intend to do with it will also determine its price if he wants to hodl then the price is likely to remain stagnant.
Even if this is impossible, just give it a deep thought.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
Firstly Bitcoin is a decentralized scheme, giving multiple people ownership of their own accumulated coins. Bitcoin is community driven, hence nobody could purchase all bitcoins for himself, How would he convince every existing holder to sell to him? So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
There's no monopoly of purchase in Bitcoin, you only buy as much as is available or as much as your funds can buy. I would also be quick to remind you that all 21 million bitcoins would be mined at approximately 2140. So the person cannot buy Bitcoin that's not mined yet.
It's just not possible since it would defeat the main aim of decentralization, being the fact that one person now owns every Bitcoin. It would centralize Bitcoin which cannot be possible.
Your deep thought is not achievable, just snap out of it.
@op, I think you’re totally out of this world and at some point , I was just thinking and even in thoughts I was trying not to be the one having such thoughts but trying to help you have some really deep thoughts and I just say that, you were possibly seeing yourself being able to purchase all the bitcoin both the ones not yet mined and and as such, you might possibly be trying to know if it could possible to determine the level of success of bitcoin?
Let’s just simply put it as having a monopoly of bitcoin which can’t be possible but according to your (ops) thoughts let’s just assume one person monopolizes the bitcoin market and owns all bitcoin, will such a person be able to have absolute control of the bitcoin market? Hence determining but the rise and fall of the price by also controlling when to buy sell to himself and rebuy as well from himself?
There's the law of supply and demand and if that guy hoards and just does nothing with all of the Bitcoins purchased in circulation then the price might just go up if the demand is still high. Because there's lesser supply in the economy and many want to buy it. But I don't think that many would allow that to happen, when that time comes and there's less in circulation, most of the exchanges might be forced to sell from their reserves, and those countries that have it might also sell partial of their holdings. So, if it's about the price, for sure that there's an impact of it.
Exactly what I think will happen, the demand for it will increase more since the advantage of it is known and the supply which according to OP is low because of it been controlled by an entity, it is this entity that will then set his own preferred price on it, the entity might decide to actually set a price like a million on it and those in dare need of it and have money wouldn’t mind but to buy it. So the demand will most certainly increase as the scarcity increases too. But the only problem is many people wouldn’t be sorting after it again because of it been majority been in the possession of just an entity and that kills the importance of it
One of the most important reasons why the Bitcoin proof of work argument has gained a lot of positive reception is from the fact that with proof of work (POW) a consensiship that disallows the possible central station of the Bitcoin network by an individual or a sole entity because by so doing it means that Bitcoin is losing its decentralized features.
Between that also have to look at a lot of other possibilities that will make such a Bitcoin purchase and ownership very difficult at any point in time, so instead of wasting your time imagining some chitscrp why not wake up to reality and refocus on some more positive things, Bitcoin can not be own by just one entity nit even government can have such control over Bitcoin network.
Between that also have to look at a lot of other possibilities that will make such a Bitcoin purchase and ownership very difficult at any point in time, so instead of wasting your time imagining some chitscrp why not wake up to reality and refocus on some more positive things, Bitcoin can not be own by just one entity nit even government can have such control over Bitcoin network.
Even if this is impossible, just give it a deep thought.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
It's impossible to acquire all totality of Bitcoin as an individual or entity's as know bitcoin can't respect the choice of a specific person. What i meant in context is that you may decide to hold your bitcoin for as long as you are still breathing on earth, while there are other who may want to sell bitcoin when it gets 10x or 50x from their investment time and for that to happen, it will take bitcoin to be 500k or $1m which if you sum total circulating supply then multiple by $1m you would see that no one i mean individual to be able to buy off bitcoin from everyone to have total control of the coin. So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
There's the law of supply and demand and if that guy hoards and just does nothing with all of the Bitcoins purchased in circulation then the price might just go up if the demand is still high. Because there's lesser supply in the economy and many want to buy it. But I don't think that many would allow that to happen, when that time comes and there's less in circulation, most of the exchanges might be forced to sell from their reserves, and those countries that have it might also sell partial of their holdings. So, if it's about the price, for sure that there's an impact of it.
At least you know its impossible. Now let's go with the if
If it does happens there would be no liquidity thus no volatility.
Speculative derivative could still be traded and this might lead to volatility.
Depends on the people view of Bitcoin then
If it's still a necessity the value would increase and if it becomes something they can deal without then the value would reduce.
Again is not possible, Even if everybody chooses to sell there are some Bitcoin that would still remain lost.
If it does happens there would be no liquidity thus no volatility.
Speculative derivative could still be traded and this might lead to volatility.
Depends on the people view of Bitcoin then
If it's still a necessity the value would increase and if it becomes something they can deal without then the value would reduce.
Again is not possible, Even if everybody chooses to sell there are some Bitcoin that would still remain lost.
Some altcoins might end up beginning to become powerful since there will be no demand or supply for Bitcoin. Bitcoin will also lose its decentralized status if an entity owns all of it. I guess many people will lose interest in acquiring it even when such individuals want to sell.
Yeah possibly, Litecoin is the closest coin to Bitcoin, Monero is still Monero, public have bad perspective over Monero due to FUDs created by he government. That would be interesting if people who're used to be Bitcoin maximalist, but they will be the one who ask people to abandon Bitcoin and move to Litecoin.Many users said as Bitcoin gets older and the market cap is high, Bitcoin will be much more stable in the future. But, if this situation happen in the future, it seems the volatility will still be high.
Even if this is impossible, just give it a deep thought.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
Bitcoin value is determined by the market forces of demand and supply. If one entity acquires all the Bitcoin which is impossible, the value of the coin might skyrocket at first. But if the entity refuses to sell the coin over a period of time people might decide to seek another store of value. Some altcoins might end up beginning to become powerful since there will be no demand or supply for Bitcoin. Bitcoin will also lose its decentralized status if an entity owns all of it. I guess many people will lose interest in acquiring it even when such individuals want to sell.
I would also be quick to remind you that all 21 million bitcoins would be mined at approximately 2140. So the person cannot buy Bitcoin that's not mined yet.
They can not buy all existing bitcoin because a big condition is all current bitcoin holders have to sell bitcoins on the market like OTC or Spot market. They fortunately can buy all future bitcoins like MicroStrategy and many Bitcoin Spot ETFs seriously bought Bitcoin after Bitcoin ETF approvals in January 2024. In some weeks, they bought all newly mined bitcoins and I believe that in future, it will become normal because the market will attract more new participants to join it.If you have bitcoins now, you are early buyers and holders. The rest is challenging for you, like whether you can hold your bitcoin, than sell it to later investors, to MicroStrategy, to Bitcoin Spot ETFs.
Even if this is impossible, just give it a deep thought.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
Firstly Bitcoin is a decentralized scheme, giving multiple people ownership of their own accumulated coins. Bitcoin is community driven, hence nobody could purchase all bitcoins for himself, How would he convince every existing holder to sell to him? So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
There's no monopoly of purchase in Bitcoin, you only buy as much as is available or as much as your funds can buy. I would also be quick to remind you that all 21 million bitcoins would be mined at approximately 2140. So the person cannot buy Bitcoin that's not mined yet.
It's just not possible since it would defeat the main aim of decentralization, being the fact that one person now owns every Bitcoin. It would centralize Bitcoin which cannot be possible.
Your deep thought is not achievable, just snap out of it.
Even if this is impossible, just give it a deep thought.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
So what if a particular entity or sole individual decides to purchase the total number of Bitcoins in the blockchain and jus hodl, would it still be potentially volatile to perform increase of price or does still have the potential for store or values?
While having a deep thought of this, you can just exempt the costly expenses that might be too much for an entity to afford and just focus on the nature of possiblity on what would be the valuability potential of bitcoin then if it could be realistic.
Just a deep thought please.
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