Post
Topic
Board Bitcoin Discussion
Re: Only 21.000.000 Bitcoins in existance
by
mk4
on 03/02/2018, 13:42:07 UTC
1 small country can buy all the bitcoins. The media has to fud to bring the prices down.
We can even make our own prices if all miners agreed to sell 10k only price will be 10k. 100k only 100k.  Wink

🤦

Your logic is heavily heavily flawed. Looks like you don't have the slightest idea on how the market works. Theoretically, one small country can buy all the bitcoin; just as one single person can buy all the bitcoin IF he/she has enough money. But the question is do they have enough money to clean out all the sellers? Definitely not, not even close. Not to mention that not everyone are willing to sell.

Also, sure. Miners can sell bitcoin at a fixed price. The question is that are people going to be willing to buy at higher prices? Of course not! That's what exchanges are for: so we can set our own prices.

If bitcointalk had a de-merit feature, I'd definitely give you a lot. For sure.