Sure the states can buy all the bitcoin but there wont be any usage, if they print out fiat to buy bitcoin then their fiat value will go down significantly because buying all bitcoin is a huge amount of money, and then when bitcoin is monopolise by a single state without any circulation the value will become zero and people will just find other coin to invest, so there is no point to monopoly bitcoin
Yes exactly any state don't need to buy bitcoin for the purpose to dump it. State is always powerful and they don't need to dump bitcoin but if they don't like in their country they will simply ban it. We already have seen Russia and China who has banned bitcoin. If not Russia, China has the power to buy a great amount of bitcoin but Chinese government didn't do it but banned bitcoin and closed all the crypto exchanges in the country. 
Topic: can states buy all bitcoin? - page 2. (Read 1304 times)
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
To be honest, i don't beleive tha a single organization or state can acquired all bitcoin in the world, because not all people are willing to sell their bitcoins,the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
But let assumed that bitcoin really is acquired by only one state, they must have a lot of money, and has the highest currency in the world. If that happen bitcoin will be stable like dollar or any other currency not unless they have transaction outside their state.
It would push the price of bitcoin to the point where they would fail to buy them all. As long as there is even one bit out there, it can be subdivided. It would just change the unit price of a bitcoin, and people would transact fractions of bits.
it is unlikely that the state can buy all the bitcoins because the people keep them for a particular purpose just for investment and it is not possible to sell them to the country unless the country can afford it at such a high price
Sure the states can buy all the bitcoin but there wont be any usage, if they print out fiat to buy bitcoin then their fiat value will go down significantly because buying all bitcoin is a huge amount of money, and then when bitcoin is monopolise by a single state without any circulation the value will become zero and people will just find other coin to invest, so there is no point to monopoly bitcoin
not possible, because the state alone forbids the use of bitcoins and it is impossible to buy crypto for no reason. if it happens then bitcoin will lose its popularity and we will hard to get btc, it could be its price will be much more down.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
it is not possible that, all bitcoin buy one government or one man. because bitcoin have many peoples they do not sell. they do store for future. so i think this not at all.
It's impossible, I think so, states already have debts in unreal cosmic limits, they of course are interested in bitcoins and cryptocurrencies, but not to the point of buying all bitcoins, buying all bitcoins requires a sharp reason.
In my opinion it cannot happen that one state get all bitcoin because bitcoin is spread out in the whole world of crypto community. In one side bitcoin is unpredictable and no one organization can hold it.
They can buy bitcoin but not all of the bitcoins because we know that there is a millions of holding of satoshi nakamoto who creates bitcoin and for sure they will not be able to buy all the bitcoins because of that and there is still a lot of bitcoins to mine so it is very impossible for the states to buy bitcoins (all).
They can't because I don't sell.
Buying all those bitcoins can be but they need huge amount of money too, but the advantage. the owner can manage and control the bitcoin price as desired
Recently I heard that in Russia, the Central Bank is going to transfer part of the money to the cryptocurrency. This can affect the price of bitcoins. This is worth thinking about.
If that would happen, they will surely benefit on that set up , on that ownership. but it might be hard for us to engange more in trading of bitcoin since it might increase the buying price of each coin which will not be beneficial for us. They will have the power to fluctuate the price of the bitcoin since the ownership was on their part. This was just my opinion.
is a state or one person one half of the bitcoin or 3/4 of the bitcoin it will loose it popularity and no one play in the market as it will circulating and revolving in the exchange. Users will lose their appetite in the situations. Remember If one will just hold all the coins it will increase it price but suddenly it will crash and all will sell their coin.
Yes it could happen and not just a country can buy it, even a very rich person can buy it and control the price.
I don't think that someone or a country will destroy the bitcoin price, but it could happen. So always keep your wealth in fiat money, not digital, and leave some of it as bitcoin assets.
I don't think that someone or a country will destroy the bitcoin price, but it could happen. So always keep your wealth in fiat money, not digital, and leave some of it as bitcoin assets.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
I think that won't be happen anyway. Because if they can, I guess from the very start they did it already even China if they can buy all bitcoin supply they're the one who will first to do it, but its not what happen which means they're capable or able to do it. the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
Thereotically, this is possible.
The government could potentially just issue a huge load of fiat currency and buy into bitcoin. But then not only is this driving bitcoin prices up substantially which is good for holders of bitcoin, it will also mean that the monetary base becomes heavily inflated.
There is only so much bitcoin that people are willing to sell. The government can only buay bitcoin off these people and it's a finite amount and probably won't affect bitcoin much even if they did buy it.
This is impossible as far as I know there's no way to trace the ownership of bitcoins circulating in the market so how come they can buy it unless all of those people will try to sell them. Bitcoin is all over the world now not in one country and the privacy of owners are tight enough that even in transacting none of their personal information were disclose to anybody. This is one of the main reason why some government does not want the adaptation of bitcoin it's very private and clueless.
what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
If they wish to do that then they must already did that before because why in the world will they do that now when the price of one bitcoin is more valuable compare to the recent years. and if they really want to do it and their only reasons is to kill Bitcoin then it is up to them now but if their only intention is to make a profit out of it then let them be as money makes you money in the world of investments.
We can make different kind of consipirancy anytime we want and that is great because some people will get an idea out of it and this organization that is in power will think first before doing so, but at the end of the day we can't do anything when it comes.
No this will not happen. There were a lot of private holders for bitcoin. So it means that they can't buy ALL bitcoins in the whole world. Well they have all the money they need in order to buy all bitcoins.
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