Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MaMooN on August 30, 2018, 07:01:26 PM
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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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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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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
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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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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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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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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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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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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.
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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.
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~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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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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Well it could happen. Maybe not in our lifetime. Although I do not see any reason why someone would do that as it would beat the reason why bitcoin was created in the first place