Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.
Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?
I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.
Please help me understand and ease my mind in regard to this issue.
Thank you
It is impossible to buy all the remaining bitcoins. But if this happens, we do not know what's going to happen and it may be the beginning of the riot. Because buying all the remaining bitcoin can control the price and this will be the start of fud and investors can sell their bitcoin and move to more decentralized altcoins and it can be the start of the bitcoin collapse .