>Bitcoin becomes a major success and WSJ touts it as something to buy now because the price is skyrocketing
>Exactly 22 million people all go on some random site like Coinbase and buy exactly 1 BTC each
What happens then?
The price of BTC goes up and/or orders go unfulfilled.
>>1922745
It would moon, then plummet when people see they have made some money on it. I don't think many would hold.
>>1922756
The Japanese government has decided to buy 22 million BTC from Coinbase in preparation for the coming of Godzilla. Your >i dont' think people will do that argument doesn't hold.
What now?
>>1922745
High demand, limited supply. Stall around $10k, then up every day til a high of 90/100k. Main stream news hits about average joes retiring on Bitcoin. What comes after? Idk
>>1922767
But would Coinbase simply stop allowing people to withdraw?
>>1922763
A trade can only occur if there is both a buyer and a seller. If Japan somehow managed to buy all BTC and then just sat on them regardless of offers to buy, then BTC would effectively have no price.
>>1922745
I think you meant 21 million, but ofcourse not all 21 million Bitcoin have been mined.
>>1922777
>What happens when you try to "buy" more of one of these currencies than exist from a site that sells over the counter like Coinbase?
Then your order can't be filled. What exactly would happen would depend on the policy and mechanics of the platform you are using. Either your order simply wouldn't go through or your payment would have to be returned.
>>1922777
how do you waste trips being this retarded
>>1922775
>ignoring the impact Godzilla would have on the global economy
>>1922777
Price would sky rocket, we'd all be millionaires. Then fuck the next at coin
>>1922798
>Godzilla appears
>runs for office, elected by a landslide
>fixes all of Japan's economic problems
I was indeed remiss anon.
>>1922745
The WSJ isn't really relevant anymore. It's a corrupt media outlet that can be bought by any political faction.