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[hibi3454]

Hello everyone!

The short answer is - he can't buy all BTC! The price of BTC would have surged up so high to the point, Jeff wouldn't be able to afford BTC. Furthermore, once the news hits that Bezos is buying up BTC, more people would buy the crypto - further increasing the price of the cryptocurrency and being another reason why Jeff cannot purchase all the BTC in the world!

This was a different take of mine on the subject of BTC, I hope you guys like it!
Thanks for reading!

 

[Reznov]

If Jeff affords all the BTC in the market then why would people buy it from him ? People will find a better alternative or even create it, because he's the only one who can use it

 

[Mbwolf]

if we suggest that could happen that's mean the bitcoin market is gonna stop and we will announce the end of bitocin because other people will go use other curenncies
then he will lost all his money becuase the bitcoin is gonna drop as fast as it can because not one need it now
this is what will happens

 

[hibi3454]

If Jeff affords all the BTC in the market then why would people buy it from him ? People will find a better alternative or even create it, because he's the only one who can use it

Yeah that makes sense, but it can also be the case that people do purchase from him as an easier option for getting bitcoin... but yeah there could be the creation of new cryptocurrencies

 

[Reznov]

Yeah that makes sense, but it can also be the case that people do purchase from him as an easier option for getting bitcoin... but yeah there could be the creation of new cryptocurrencies

I believe no one is going to buy it from him, that's like different currencies around the world, you don't have to use something that only one guy has, that would make it so difficult

 

[RaOne]

If he takes over it, he will be the only one who has the ability to use it, which means nobody else can use it to buy or receive it to sell and it will lose its value and nobody will even think of using it, that's why it's a bad idea .

 

[hibi3454]

I believe no one is going to buy it from him, that's like different currencies around the world, you don't have to use something that only one guy has, that would make it so difficult

Okay yeah, that make loads of sense honestly lol. But do you think that will result in the creation of more types of cryptocurrencies that could potentially be better than bitcoin?

 

[Reznov]

Okay yeah, that make loads of sense honestly lol. But do you think that will result in the creation of more types of cryptocurrencies that could potentially be better than bitcoin?

Of course, because people will not sit and wait for jeff to share it and control it on his own with the prices he want, there is a possibility that the coming cryptos will be lot better

 

[Brain]

I hope this doesn't happen though because something that looks impossible most times are doable what I know would have been the outcome of this is high price of Bitcoin. Sellers would have so raise it.

 

[eannan]

If Jeff Bezos happens to buy all of BTC, it will definitely mean that he cryptocurrency will have no value and there will be a fall in the price. Because he can't buy and sell to himself at the same time.

 

[hibi3454]

if we suggest that could happen that's mean the bitcoin market is gonna stop and we will announce the end of bitocin because other people will go use other curenncies
then he will lost all his money becuase the bitcoin is gonna drop as fast as it can because not one need it now
this is what will happens

Damn your probable hypothesis does make a lot of sense... I didn't really think of it in that way! You are right, the market will most probably come to a halt except if Jeff releases some BTC back in the market

 

[Reznov]

I hope this doesn't happen though because something that looks impossible most times are doable what I know would have been the outcome of this is high price of Bitcoin. Sellers would have so raise it.

I don't think this will ever happen since there is no use to spend billions on a currency just to shut it down, it makes no sense anyways

 

[hibi3454]

I can't answer such a thing because besides the fact that they wouldn't do such a thing, it would be difficult to buy them all because they would have to negotiate with people and they will set very high prices.

Yeah exactly, clearing up all the bitcoins on the market will definitely be an extremely hard task, especially purchasing from stocks of huge exchange sites and other people who have lots of bitcoins on them at this time.

 

[SCAMEXPOSER]

If Jeff decided to buy all the bitcoin , it means all Exchange platforms will be emptied and their is likelihood that he loose gallantly because there is high possibility of bitcoin loosing it value due to Monopoly .

 

[George10640]

Even though he could be able buy of which it is not possible for now,he can take over and control Bitcoin price.This could be a source of manipulation in the market which I don't champion for. It's good to have many people involved and that's how market will grow well . Bitcoin is very expensive as for now and the future of it is great considering it steady growth.

 

[Reznov]

Even though he could be able buy of which it is not possible for now,he can take over and control Bitcoin price.This could be a source of manipulation in the market which I don't champion for. It's good to have many people involved and that's how market will grow well . Bitcoin is very expensive as for now and the future of it is great considering it steady growth.

if he buys it all and takes control of it, nobody will ever use it and people will just move to another coin that doesn't belong to anyone and nobody can abuse

 

[mesbakh]

If Jeff Bezos buys all the available bitcoins, then what are the bitcoins for? There are no more people who transact using it so that bitcoin is gonna end and died forever.

 

[Damilola12]

I don't think it is possible for him to buy all the Bitcoin. If he is able to buy all the Bitcoin that is the end of Bitcoin and if he has all the Bitcoin with him it means he is the new boss of bitcoin

 

[mesbakh]

I don't think it is possible for him to buy all the Bitcoin. If he is able to buy all the Bitcoin that is the end of Bitcoin and if he has all the Bitcoin with him it means he is the new boss of bitcoin

I think technically its possible for jeff bezof to buy all bitcoin. But when all bitcoin is on one hand only, it is gonna the end of bitcoin in the world

 

[onlyprofits]

It is impossible for that to happen, it would no longer have a reason to be, one of the main objectives for which the BTC was created, decentralization, would be lost. If that happens, the ecosystem would collapse, losing all its value.
He would have to steal the BTC from the people who have it as a store of value, that is, they have BTC as long-term savings.
This is a sci-fi thread, hahaha. Very good.