Can someone buy all of existing Bitcoin?

todiefor17

member

Activity: 344

Merit: 11

Quote from: happysunny on January 17, 2018, 03:55:05 AM

Have you ever wondered what happen if someone bought up all the existing bitcoins? Roll Eyes

Surely one thing that person has a lot of money, but to do this when they have their own purpose, perhaps if the Bitcoin price is the most they will be the richest in the world with Bitcoin.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

"all the existing bitcoins" are not up for sale so nobody can buy it all.

lets say I have 1BTC, at current price I am not willing to sell it. but I will sell that for 1 million dollar if that someone buying "all existing bitcoins" is willing to match me demand. and if he does then I will use it to buy cheap bitcoins at market price and have more bitcoin in my stash Wink

and there are lots of people who will never sell their coins, not all of it anyways and they will hold bitcoin because bitcoin is a decentralized currency which gives us the financial freedom we want out of it without anyone being able to tell us otherwise.
when I hold 1BTC I have a lot of power. I am holding 1 out of 21 million limited number of coins and that fact will never change, so why would I want to give that up?

Jlimao28

newbie

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Maybe it is imposible to happen even the most rich person in this world did not try to risk all of his money in bitcoin. Imagine 4 million bitcoins will fly if bitcoin will pop. They are always play safe no matter how good a thing is. The ideal businessman does not affect easily by new asset. He always take a look with his profits.

teejaymuna

newbie

Activity: 238

Merit: 0

All existing BTC s haven't been mined talk less of someone buying them all up. I'm not sure anyone will have the capacity of buying them all. If they are all bought, who will the buyer sell to? There won't be any piece of business in it if you ask me.

colenax

full member

Activity: 376

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unreasonable questions. try to be more rational again, no one can buy all the altcoin that is in the market. I think it will require a lot of money. probably the number can not be counted. try to imagine if like that? what market will run normally? certainly not

antchains

member

Activity: 98

Merit: 16

If you really do this, really congratulate him, he will become the richest man in the world. But in reality it is impossible.
There can be no bitcoin in the market, and at least some of it will not show up. This shows that this can not be done.

marjon

member

Activity: 350

Merit: 10

I don't know if you're questions is funny for others but I'm actually can't hold myself to laugh at the moment. Well, if someone buy all the remaining existence Bitcoins in all existing markets, I assumed that guy is a trillionaire or above so. The price of Bitcoin eventually would rise to the Pluto.

javaepp

newbie

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Only a fraction of bitcoins issued to date are found on the exchange markets for sale. Bitcoin markets are competitive, meaning the price of a bitcoin will rise or fall depending on supply and demand. Additionally, new bitcoins will continue to be issued for decades to come. Therefore even the most determined buyer could not buy all the bitcoins in existence.

Dluretic

member

Activity: 224

Merit: 10

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Is there a market? This is an unrealistic question, which means that there is no encryption money market. Roll Eyes

happysunny

newbie

Activity: 6

Merit: 0

I am wondering whether someone can buy all existing Bitcoin and if this situation came true, what would happen to all of Bitcoin users as well as Bitcoin market?

Topic: Can someone buy all of existing Bitcoin? (Read 92 times)