What if everyone sold ALL their Altcoins and they used all the funds to buy only Bitcoins?

in bitcoin •  7 years ago  (edited)

This would cause Bitcoin's price to soar up to around $6,476 in one day, given the 136 billion total crypto market cap now divided by 21 million potential Bitcoins when they are all mined, less all the Bitcoins that were lost throughout the years.

If it happened, this would make even more people upset with Bitcoin. Perhaps their anger towards Bitcoin is their regret in not buying Bitcoin when it was below $20 each?

endtimenews

hh6.jpg

DQmWe5ZuSAa3JdPv5qAmM2zawvkiZz3DSLTaHxeryiPVx96_1680x8400.png

bitcoin altcoins crypto cryptocurrency blockchain
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.51
  • Past Payouts $0.51
  • - Author $0.51
  • - Curators $0.00
7 votes
6
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    would be a difficult feat.

    • your fun reflection here makes me think about the network effect of many people being organized together in agreement. Example: Say a crypto enters the world stage and the idea behind it is that each person on the planet gets one...and has own signature. Perhaps there's a tipping point around so many hundred million people....or a billion people....where the value is essentially created by consensus. Let's call it a Billion dollars. Maybe it should be just a Million...i wonder if we would know how to function if all of a sudden so many people had a lot more wealth. (we are way less than 1 billion billionaires today :)

    Anyways you got me thinking....thanks for that.....this was fun :)

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.32
    • Past Payouts $0.32
    • - Author $0.32
    • - Curators $0.00
    1 vote
    [-]
      ·  7 years ago 

    Bad idea. But, interesting projection!

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  7 years ago 

      Not gonna happen but good entertaining thought

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        Long BTC!

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          [-]
            ·  7 years ago 

          I bet it would hit at least 10,000 with all the increased attention and buying that would cause. However with altcoins becoming more and more accessible I think its only a matter of time before bitcoin fades off into the night.

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            [-]
              ·  7 years ago 

            I think the problem here lies in getting alt coin traders to give up their alt coins, and the potential trading profit, for an effectively finite amount of bitcoin, which would make the price skyrocket, certainly, but leaves them in a position where they don't have nearly as much bitcoin as they want, or could have made from trading alts. Also, given the recent boom of bitcoin over 4k, into the 44xx range I believe, it's likely that traders would much rather wait possibly a few months to see bitcoin hit that price, while trading alts against it and making more bitcoin, than to sell their alts for a finite amount of bitcoin.
            That being said, this would be pretty intense to see.

            P.S. I'd be out buying those dips.

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00