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Author Topic: What if someone bought all of the existing bitcoin?  (Read 915 times)

Offline MaMooN

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What if someone bought all of the existing bitcoin?
« on: August 30, 2018, 07:01:26 PM »

The markets of the bitcoin are competitive, which means that the price of the Bitcoin will increase or decrease based on the supply and demand.

So , do you think ,someone could buy all bitcoin some day

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What if someone bought all of the existing bitcoin?
« on: August 30, 2018, 07:01:26 PM »

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Offline Garuda

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Re: What if someone bought all of the existing bitcoin?
« Reply #1 on: August 31, 2018, 06:36:46 AM »
I don't think someone can buy all the available bitcoins. If possible, this means that the market will not run well because there are no more requests and offers. Bitcoin is decentralized so it can't be controlled by one person.
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Offline EliteSquad

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Re: What if someone bought all of the existing bitcoin?
« Reply #2 on: September 01, 2018, 01:05:48 AM »
Who has that much money to buy all the available bitcoin. but if that happens, the price of bitcoin will be very high. but the possibility of that is very small. I don't expect too much, enough with many people holding back bitcoin

Offline Purwodadi

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Re: What if someone bought all of the existing bitcoin?
« Reply #3 on: September 01, 2018, 02:23:46 AM »
it might happen but we know that the price of bitcoin is very expensive and it will definitely require very much money, and that might someday.

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Re: What if someone bought all of the existing bitcoin?
« Reply #4 on: September 01, 2018, 02:26:45 AM »
it might happen but we know that the price of bitcoin is very expensive and it will definitely require very much money, and that might someday.

I agree mate. The price of butcoin is very expensive, It will need much money. The demand of bitcoin will rise , If it will happen.

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Re: What if someone bought all of the existing bitcoin?
« Reply #5 on: September 01, 2018, 02:50:46 AM »
That will not happen buddy,If someone has all bitcoin, I think he is Satoshi Nakamoto, what you think is if someone holds all bitcoin in this world, this will be contrary to the function of Bitcoin itself, Satoshi Nakamoto wants Bitcoin to be used as an online payment transaction.
 

https://bitcoin.org/bitcoin.pdf

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Re: What if someone bought all of the existing bitcoin?
« Reply #6 on: September 01, 2018, 03:19:11 AM »

The markets of the bitcoin are competitive, which means that the price of the Bitcoin will increase or decrease based on the supply and demand.

So , do you think ,someone could buy all bitcoin some day


I think the demand od bitcoin will increase  If someone bought all the existing bitcoin.

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Re: What if someone bought all of the existing bitcoin?
« Reply #6 on: September 01, 2018, 03:19:11 AM »


Offline Crypto Guard

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Re: What if someone bought all of the existing bitcoin?
« Reply #7 on: September 03, 2018, 04:14:43 AM »
If there is someone who actually buys a lot of Bitcoin that will cause the price of the Bitcoin request to increase and automatically the price will increase. For many people who have other Bitcoin it is very pleasant news. Because the price of Bitcoin rises, including me will be a lot if the price of Bitcoin goes up and I will sell my coin.
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Offline Master107

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Re: What if someone bought all of the existing bitcoin?
« Reply #8 on: September 03, 2018, 07:24:58 AM »
Although it is possible but I am very convince that it is more impossible. Bitcoin team won't allow to make it happen because it would be too dangerous to the nearest bitcoin end of being decentralized. One owner is not enough to handle uncertainty of the market.

Offline Redhead5

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Re: What if someone bought all of the existing bitcoin?
« Reply #9 on: September 03, 2018, 07:41:08 AM »
I don't think someone can buy all the available bitcoins. If possible, this means that the market will not run well because there are no more requests and offers. Bitcoin is decentralized so it can't be controlled by one person.


Yes it is imposible to buy all the bitcoin scattered in the world because this is not controlled by one person only but it is a decentralized currency that nobody can fully controlled over it. And besides bitcoin until now are still anonymous in all aspects that no one's can really predict it.
« Last Edit: September 03, 2018, 07:43:00 AM by Redhead5 »
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Re: What if someone bought all of the existing bitcoin?
« Reply #10 on: September 03, 2018, 08:43:54 AM »
~snip~

So , do you think ,someone could buy all bitcoin some day

I think it is impossible. It is not about the price, but I guess many bitcoin holders will preserve the bitcoins as their long term investments. When it becomes scarce, many people won't to sell it.
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Offline sibolis

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Re: What if someone bought all of the existing bitcoin?
« Reply #11 on: September 03, 2018, 09:07:25 AM »
There is a possibility, but why?  Why would someone collect all of bitcoin when they can not use it for anything like if you collect gold and use it to build a palace for example.  It's gonna be useless.  I prefer to make my own coin and no ICO, no airdrop or anything.


 

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