Bitcoin Forum

https://www.similarweb.com/website/bitcointalk.org

https://www.similarweb.com/website/coinmarketcap.com

bitcoin talk continues to lose influence over the cryptoindustry,

same is the case with coinmarketcap.

with bitcoinfounders losing the grip bitcoins value will also collapse

so dont expect a mooning of bitcoin towards 50k there wont be one.

losing 11% viewers every month since last 5 months and we dont know how the loses where before, is not a good sign.

i think problem lies that unlike for communal or state currencies,

no one except the bitcoin miners and bitcoin holders have an interest supporting this cryptocurrency.

regards

How is bitcoin not going to reach 50k and bitcointalk/CMC losing influence connected? I don't get the connection. Or is there something I missed? Bitcointalk and CMC losing influence is actually a good thing, whether you like it or not. The biggest names losing influence means that there's good competition going on. Which is good overall to decrease centralization in the space.

jes bitcointalk and coinmarketcap are cornersstones of the bitcoin founders, with more and more encription services, more indexes and more decentral forums comming up the attention of the market will drift away from bitcoin

bitcoiners evovle to a lonely pow cult,

problem is in a millenia old human systematic.

money printers are only servants not the long term rulers.

royal minting in uk doesnt rule uk and is its richest entity, why should the technitions around crypto be different?

industry will evolve away from them.

if bitcoin cant attract as much attention as before its losing awareness and purchasing power.

It isn't just bitcointalk and CMC, but the entire industry is losing attention.
If you just Google bitcoin and head over to the news section, you would see that tons of people out there are spreading negative news for bitcoin and reiterating their facts that such decentralized currencies were meant to fail, and that's exactly what has happened.
I'm waiting for a miracle to happen in the month of December, just like last year.

nope its  true according to

https://www.similarweb.com/website/bitcointalk.org

bitcoin talk is losing around 2 million users per month since march, i think users will migrate to other forums, doing a linear prognosis then we can expect this forum to be dead in around 9 months

coinmarketcap loses 14.22 million users per month due to decentralisation of the market. coinmarket cap has also max 10 months left but i doubt linear prognosis works well so double the time would be more realistic as it will be a recessive loss.

regards

Last year a lot of new users came in that is why the traffic last year was enormous, this time they're going somewhere else. The number of posts created each day in the forum are still a lot though. Nothing compares. The only matter's here are the investors, who cares about website influences. CMC isn't just the only page we can check current status of the market there is also coincap.

the industry will continue to thrive as the alternative would be old fashioned central banking and communism,

look at this cryptoindex for example "coinpaprika" it rappidly grows https://www.similarweb.com/website/coinpaprika.com#overview

Wait a second!

Are you saying that during the massive bullrun there were more views than during the month long bear market!? Well I never! (/s)

If bitcointalk is speculated to collapse and not exist in 8 months time to come, what next?

Or what other forums can perform as bitcointalk?
Are they in existence already and
How prepared are they?

Those are my curiosity. Wondering allowed maybe.

Hhahahha no. I don't think so. Where will they migrate? bitcoin.com? I don't think so.  :P bitcointalk has been getting less users because of the new merit system; and I'm pretty sure about that.

Also, dead in 9 months? You wish. I don't see this forum dying even in 9 years.

So? That's because there's better competition. We have LiveCoinWatch now, which some people prefer over Coinmarketcap. I don't see how you see this as a bad thing.

no one knows but its still a 2 million loss per month over last 5 months,

i think people will migrate into various cryptoforums, and the market will decentralise away from bitcoin.

i have found in redit a good alternative so far. we will se more communities comming up

well thats logical because the bullrun and the price hike attracted peoples attention

the constant losing what you call "bear market" distracted peoples attention towards other investments

What the heck does "decentralise away from bitcoin" even mean? I don't get how you see decentralization as a bad thing, as it's definitely a very good thing.

Also, you still haven't explained how you think these things affect the price in a negative manner.

less attention, less demand, less liquidity,

bitcoin cash and bitcoin gold suffered much more than bitcoin with an amplifier faktor more.

regards

So you're saying that websites having less traffic due to competition with other sites in the same niche(bitcoin) is a bad thing? How do you think that makes bitcoin end up having less demand and less liquidity exactly? Still doesn't make sense to be honest.

I don't think that websites, especially bitcointalk and CMC dictate the actual sentiment of the market towards any given coin. People might lose interest browsing over these sites knowing that viable and truthful information isn't found within the constraints of the said forum but that wouldn't stop them from trading bitcoin just because they aren't visiting both. Most pros in the trading scene don't visit these sites, they flock somewhere else wherein noise-to-signal ratio is low and trolls aren't around.

I understand that you're trying hard, but please, try harder when it comes to trolling.

I'm equally surprised how the writer wants BitcoinTalk and CMC to influence the price of Bitcoin and altcoins in general? Surely if any predictions from such website goes wrong then the writer or poster will surely be nailed down.

I don't see any sense at in this post. What has new forums and cryptomarket rating sites got to with the price of bitcoin dropping? More Bitcoin services means more awareness and even higher prices.

In my point of view,earlier most people were unfamiliar about bitcoin and cryptos and so they used bitcointalk to learn about bitcoin.But now with media continuously delivering crypto news,even people from the backward countries know about bitcoin today.So there is no need for them to specifically visit bitcointalk and get news about bitcoin.Now they could get it from any of the available websites.

Really? Is that even worth talking about? BCash and BTG are altcoins not adding anything of value to this space. In all cases these are the coins hit the hardest during any sort of declining market.

CMC is an exchange traffic booster, not a price driver of any form. If you look at the traffic stats of most exchanges, then CMC is the first or second to pop up as traffic provider, which also explains why certain exchanges desperately try to inflate their volumes to rank up. The higher your CMC exchange rank is, the more traffic you can expect.

Top 3 exchanges in terms of volumes;

CMC is the second largest traffic provider; https://www.alexa.com/siteinfo/binance.com
CMC is the first traffic provider; https://www.alexa.com/siteinfo/huobi.pro
CMC is the first traffic provider; https://www.alexa.com/siteinfo/okex.com

remember the days when bitcointalk was majority american.
seems now bitcointalk is majority russian


13.33% Russia
9.42% United States
7.47% Ukraine
4.58% Turkey
4.45% Brazil
... and so on

as a brit i got used to using $$ and american slang. now i might have to learn some russian to talk to the forum majority in their terms

Whether you think there will or won't be a moon, this theory doesn't make much sense.

As you mature in cryptocurrency, you rely less on the information from bitcointalk and coinmarketcap.

and there is no direct correlation in bitcointalk and bitcoin price. This is just plain non-sense.

I'm guessing the same. I came across a thread in Meta that seems to confirm:



Agreed. I think there's two things happening. Interest and hype across all cryptocurrency-related mediums has died down. And it's only natural that things like old school forums lose overall market share as more mainstream news and finance sites enter the game.

The site didn't say if it's unique visits or not. I don't think this forum would be dead in 9 months those are just stats that can be easily manipulated.
 That's good if they're moving to a different forum then it means there would be less spam and posts for me to report. Also you can't confirm if most of those visitors are holding or trading crypto.  

ohm no the decentralisation of the cryptoindexes will lead to a leasing, glenn never allowed the listening of cryptos with bigger marketcapitalisation than bitcoin,

with 100s of indexes around they sooner or later will have different cryptos on them list different coins and then look very different from each other.

cmc losing influence means also that this forums founding members are losing influence over the market

regards

if the loss of 2 million per month continues it will be 0 in 9 month i expect however a softening up a hard core will remain but this forum might ended lose its crowdiness in max 18 months

Who the hell is glenn?

Since when is a single forum's activity directly connected to the market prices?

Where the heck did you pull up the '9 month' and '18 months' time period? Are you the crypto Nostradamus!?

In my view, it is because the manipulators are succeed to spread the panic sell to everyone who hold bitcoin, so thats why the prices still going down and down. We should understand and realize that the prices are depending on us (The community). We should fight the manipulator by HOLDing our BTC, so they have nothing to buy. And then cannot continue the manipulation

I don't think that this forum and CMC had totally lose influence in the crypto market wherein people in this crypto community is actually just learning to currently avoid to engage in this bearish market. Crypto market may seem to be bearish for some time and this may be the reason why people would express that this forum and CMC may no longer influential which had affected since the market movement not that active.

now, with the media continuously providing crypto news, even people from underdeveloped countries know about bitcoin today. So there is no need for them to specifically visit bitcointalk and get news about bitcoin. Now they can get it from one of the available websites. Previously most people didn't know about bitcoin and cryptos and they used bitcointalk to learn about bitcoin.

coinmarket cap never had any influence over the market to want to lose it now. it is just a price reporting website with no more than that. they don't advertise any particular altcoin or force them on anyone to have any kind of influence. if you chose to interpret that data in some particular way and be misled, it is your own fault.

as for bitcointalk it is just a forum and it is still the same forum with the same influence. the wiser people use the information they get there and think about it before wanting to believe or disregard it and idiot newbies take it as facts no matter what it is.

How did you know that this website is a reliable source that it was not a bias towards overall Crypto currency update? As far as i know a token would be more reliable if they will be listed in CMC and still Bitcointalk is the number one forum even do there are some Crypto forum that are now created.

I partially agree with you here. It is true that coinmarketcap is not the best site to trust when it comes to cryptocurrency market values, but it is still one of the best websites related to the crypto market.

The merit has helped in decreasing the spam in this forum in a small way so far, but spammers will always find a way. I do agree with the part where you say that there is no direct correlation between Bitcointalk, CMC and the market values though.

We are in a bear market, sometimes searches for Bitcoin or other related keywords are less at times and more at other times. I do not think that Bitocintalk is losing popularity as such and CMC is a big cornerstone and a must go to for short term traders and long term holders. Every cryptocurrency Youtuber uses CMC as a back drop or introduction to his/her crypto related news video. I think this assumption is incorrect. Yes, i do believe that there are other forums popping up as well but I I still beleive Bitocintalk has a plethora of useful information for both Newbies and seasoned Crypto veterans.

Even snakes needs to shed their skin to grow much bigger. We are shedding the old skin that mostly consisted of speculators that joined the forum during the "Boom" stages. If they want to leave, because they cannot handle the correction phase, then it is good ridden for us.

We do not need them to spam the forum with continuous nagging about the price and why it dropped and when it is going to go back to $x.xx again.  ::)

CMC has seen a decline, because Alt coins are being hammered at the moment.  ;)

Bitcoin will not reach that value. But there is a opportunity can reach in the future. This is a crisis for bitcoin and maybe will affect to another crypto. We need to find a way to get out from this problem.

I don't see any logic why would Bitcoin will lose its value because of Bitcointalk and Coinmarketcap. Bitcointalk is just a forum while coinmarketcap is for monitoring cryptocurrency. Price of bitcoin will base on its demand for and its development.

without that "old skin" you will be exposed as a bunch of IT freaks and a POW miner cult/sect that is looking for attention,

crypto market then will be operated by people mangaging and working with the reality in the economy, money printers coin minters where throughout the entire human history just servicepeople, not the rulers, it wont be different in crypto

What makes you think bitcointalk contributes to the growth of bitcoin, it doesn't resonate at all.
This is just a forum where like minds meet and learn.

it correlates with bitcoins value, as also, do bitcoins forks correlate with bitcoins value and its popularity.

I don't understand your logic. You write strange words. It's hard for me to understand you.
I believe that bitcoin if it loses its price, capitalization, but it certainly does not lose the interest of investors. Even if someone has sold their coins, it does not say that there are other investors who are waiting for when, bitcoin will fall even lower, or it can be bought in the Bank for cash. There are many options, such as bitcoin can be used.

if bitcointalk and CMC lose influence over the market everything can happen a new market can be introduced, dropping all others into nothing that new market might then hold the entire economic attention, or even more, that new market will have its own index understanding.

Anything can happen in market. People and big investor never expect bitcoin price can reach $10k on 2017 and they predict bitcoin wont survive but what happen is bitcoin price reach $20k and cryptocurrency market cap reach $795billions dollar and growing more than 1000% in just one year

I was about to say the same thing until I read your post...
This.

OP, where are the sites losing their influence? Have you ever thought it may be due to stricter regulation and just genuinely not as much interest as compared to the artificially inflated stock boom?

the point is that it can be measured that the original BTC related sites are losing viewers 11% per month if you calculate last 5 months

i think that We are in a bear showcase, now and again scans for Bitcoin or other related watchwords are less now and again and more at different occasions. I don't surmise that Bitocintalk is losing notoriety all things considered and CMC is a major foundation and an absolute necessity go to for here and now brokers and long haul holders.on the off chance that bitcointalk and CMC lose impact over the market everything can happen another market can be presented, dropping all others into nothing that new market may then hold the whole monetary consideration, or significantly more, that new market will have its own particular list understanding.

I don't believe there is any meaningful influence of bitcointalk or coinmarketcap on the market prices that you are trying so hard here to prove. but if what you say is true and sites like coinmarketcap and bitcointalk lose their influence the first thing that will happen is that altcoins that are currently on top of CMC will get  dumped real hard because main reason for them to be on top is because these sites say they are on top. so expect coins like ETH and XRP to go down at least 80%

The reason for the drop in traffic is the drop in interest due to the bear market. Besides that, a lot of new sites have emerged that are much better quality than CMC.

I would suggest you check out CoinCodex (https://coincodex.com/) instead.

I mostly agree that bitcointalk may not have so much influence on prices now (provided it ever had) as it is more about spreading awareness, and today most people are already well aware about Bitcoin and cryptocurrencies in general, so this is no longer relevant anyway. I mean as a primary source for crypto-related news, of course. But I don't agree with your stance on CMC as I've personally been asked a few times recently to help out with listing a few coins there. I would agree that this site is shady (mildly speaking) but that doesn't mean that it has lost its grip on the market. But I definitely wouldn't regret if it did

As that would be a good thing for the market

Do you think that bitcointalk is the only source for bitcoin influence ? Bitcointalk is a good forum for cryptocurrency,
but it is not the only one can affect peoples to know bitcoin. There are many peoples who know about bitcoin not from the bitcointalk only.

bitcointalk and coinmarketcap are still bitcoins roots.

I think that Bitcointalk still has influence on the market and the community. Now only big traders and investors can influence the price but on the forum a community is being created around the coin and this is very important. The community is the key to success.

I don't think the influence of both Bitcointalk and coinmarketcap has any correlation with the price of bitcoin. The price of bitcoin is not affected by the activities of this forum or that of cmc.

I think Bitcointalk is being effected by the crashing market.  Watch what happens when the market comes back and people get excited again.  Bitcointalk will do its own mooning.  This is still the #1 spot as far as I'm concerned. 

market might completely relocate and switch its center

lets messure weather the 11% decline continues in september

august had 16.83 M visitors.

lets see what september brings

according to linear regression september should bring max 15 million visitors.

not enough for bitcointalk alone to affect the crypto industry. because the bitcointalk forum only focuses on the bounty campaign, while the crypto industry is very large. there is trading, investment and also minning. so it's natural that bitcointalk doesn't have a big effect on the crypto industry, but at least this forum is very positive for the advancement of the crypto industry.

there will stil be consequences if bitcoin talk and CMC (bitcoin centristic cryptoindex) loses more and more viewers.

-11% per month is a lot its not sustainable

next week we will see weather the 11% loss continues

wouldn't you expect this sort of decline after a bubble? interest has declined everywhere you look. it's not about bitcointalk or coinmarketcap in particular. check out google trends for bitcoin---searches have been sliding downwards all year.

we're not in a bull market, the mainstream media isn't hyping things everyday anymore, and the ICO market is pretty dead. no need to check CMC or ANN threads everyday when your entire portfolio is rekt! :P

Honestly, the title of this thread is very inaccurate and the contents of it are very misleading. There's no way that a decline of "audience" in Bitcointalk and CMC correlates to the price of BTC and the cryptomarket in general. This is just a very misleading statement and promotes more FUD to those who are very gullible and easily get inlfuenced by such things. It's just the market now is tanking and people are somehow resting after the sick bull run that we had last December. I'm sure that once we see any sign of bull trend in the horizon, people will come back very fast to the said platforms.  ;D

i didnt said the price will drop, (although thats likely)

i just said the first bitcoin forum and the first cryptoindex (bitcoin)

is losing influence over the market,

not just because alternative indexes, forums and communities grow and show up

but also because they lose visitors.

my personal oppinion is that after decentralisation of the financial system, the original support for the "ramcoin" bitcoin is gone,

no one except the bitcoin miners, bitmain, and the few token holders will have an interest in bitcoin, many people will have a decentralised portfolio by then, and hope for general success of the economy and industry.

regards

It is normal to see people's interest die down as the market goes lower in most cases like this, and then based on the fact that the craziness in the market generally has died down, then it is normal to see these occurrences.

However, just wait until we start having some bullish momentum and then you will see how things can change very fast. People tend to direct towards the news that is really going to please them and the mainstream media also do have a lot of part they play in that aspect.

I think that has become a natural law because bitcointalk will not last as long as it is certain that there will be a time when bitcoin will decrease and not affect at all, all these rules have proven that bitcointalk has begun to lose influence from the people who use cryptocurrency.

The devil is in the detail

As there is general demand, there is also effective demand which represents a real intention to purchase by people who actually possess the means to pay. Needless to say, it is the latter which means something in terms of shopping activity. It is the same here, i.e. it all depends on who is leaving. If this percentage is made up entirely of shitposters, then good riddance to them. The forum will do only better without them, though I can't say that I'm very fond of the merit system introduced lately as it doesn't seem to reduce the amount of shitposting. Signature space whitelists would work a lot better as no one would be shitposting for the sake of shitposting only (apart from a few disturbed individuals who are beyond all hope)

I not think bitcointalk and cmc influence price to go down. There are more factors that can influence price, miners sell coins, the investors sell coins to get cash, some "bad news" , and others reasons.

I'm going to take each one in turn.

Coinmarketcap - completely irrelevant, has no influence on direction of cryptocurrencies or offering advice on to buy etc. Merely serves as a price, martketcap etc indicator.

Bitcointalk- somewhat relevant but not the end of the world. Bitcointalk is/was great for like minded people to get together and discuss cryptocurrencies and how they can shape the future. A combination of bitcointalks problems (too much spam) and the fact that most beginners can now find information elsewhere has seen the decline in bitcointalk in that regard. However it doesn't mean that there are still not people here who can have a positive influence or that those people who choose to source their information elsewhere will find incorrect or un-encouraging information.

I admit that this forum has lost many viewers every month, there are several reasons that make this happen. that is, they come to this forum only for money and they are desperate with this condition.

It sadly we came into these scenario and leading market to hardly recover from long days in dip. Even though we all been an optimistic individual but we can't neglect of thinking negative about crypto life span. And even experts never say that there is a sky rocket happen again, we've been satisfied to have prices playing around $6k -$7k so people won't makes big losses in future if it suddenly goes down.

They lose influence and ranks on different scales from January. But they gained a lot from last January. Why January 2018? Because Bitcoin reached ATH a month before and there was biggest hype. Bitcoins bear market will soon end, then price will go sideways for few months and then slowly bull market will start.  All thsi will not put much influence on this 2 websites you mention. But as soon as Bitcoin price reached old ATH at $20k then hype will start and ...   Well you will see.

most important reason:

decentralisation of the cryptomarket in every way.

if indexation gets decentralised, and localised, its going to go down even quicker

in several hours or tomorrow we will know weather the trend continued this month as well (-11%)

should be an important indication for investors.

regards

As long as we are not in a bull market, you should always expect the statistics to be on the dwindling part. This is a state of the market in which there is a huge indecision, lots of FUD, with the downtrend going on and in cases like this, the interest of people in such things or a market in this case, will subside.

However, we will get to see interest boom a lot most times when there is a possibility of some bullish movement, so it is a way of saying that the influence is directly proportional to the movement of the market.

Everyone on this forum is wearing a signature, the majority of visitors here are only for the bounties. This year was not so good in earnings, and this is why loads of people have abandoned this space. It's quite an obvious reason for the decrease in rankings. All the ones who are in for the tech are still here.

A traffic to a website means absolutely nothing. These could easily be triggered by certain events (a huge price pump/dump, etc.)

If you want to look at the adoption rate, just see the number of ATMs, how bitcoin is spreading and its being accepted almost everywhere etc.

Saw this thread late... Some direct conclusions can be made but context is everything in any analysis. 11% viewership drop off in the past 5 months? That's perfectly in sync with general Bitcoin interest dropping off after the xrazy highs only weeks before that trend.

Google shows it, every other established platform does. That's the insta fanboys dropping off.

Then we got to look at what's changed in the past 5 months other than price and speculator interest. We saw Merit being introduced and then more diligent policing of the spammers. We saw the alt/bounty/airdrop economy seriously contract, and they are finding spam policies here not to their liking. Good riddance, am sure many would agree. Maybe my imagination, but forum is a lot less spammy then a few months ago.

Pretty sure there is much more context to add, but poor conclusions come from poor analysis.

just a guy thats high on some shit making NOISES....

I disagree with your last words (lol)

Actually, it is not about tech only. For example, myself I'm mostly posting in Economics, Trading, and the boards related to these two topics. And the number of interesting posts dramatically decreased during the last two years, while the authors writing them are mostly gone and likely for good. And the merit system didn't change anything for the better, as you may see many die-hard shitposters among merit hunters who stick around Meta threads where your chances of receiving a merit are the highest (and yes, I've been there)

Bitcointalk still has lot of bounties going where the bounty hunters making tons of reports everyday which kind of traffic maybe decreased from the past years because of the signature campaigns have beedn decreased from how it was before.But it doesn't related to the prices since most of the people who owning the bitcoin and trading with crypto currencies don't even know the existence of Bitcointalk.org

I think CMC keeps losing influence over cryptomarket but I doubt bitcointalk, the forum and the base of all talks about bitcoin can lose influence at all.

Look at the topics, whenever the price is going up to $7k+ levels than there is a lot of topics about how "bitcoin is going to $50k" and whenever it drops to $6k levels there are topics of "bitcoin is going to $3k" type stuff.

Whenever, there is a market movement to a side there are topics making it even worse, none of them actually happens but we keep seeing them. Of course this doesn't mean influence but it still means bitcointalk is filled with people talking about their ideas and people who agree or disagree with them.

I think that is the effect of falling bitcoin prices, so it is rare for people to see bitcoin prices on coinmarketcap and rarely visit people on bitcointalk, and in my opinion that will not be a problem because both of them will be crowded again when the price of bitcoin becomes very high again.

Those are both very good points.  The other thing to keep in mind is that forums themselves are not all that appealing to the mainstream.  I've told many friends who're just getting into crypto about this forum and most are daunted by it's volume.  Searching google is much easier for an answer to a question you may have, and bitcoin discussion isn't their thing. 

One friend who has more affinity to forums in general is reluctant to join because of the "Dark Web" affiliations the forum has had, and to be frank, all the scams that seem to get their footing here.

These things may be bad for the forum, but they really don't affect bitcoin's position in the mainstream market.  Like kingcolex said, news and information about bitcoin is all over the media now, mainstream business news outlets are reporting about crypto. 

And as for CMC, I believe that's purely attributable to market share.  As in they now have to share the market with the hundreds of other sites providing the same information. 

i think the op is just trying get some attentions to lure on to his reffered website for traffic, because if not then whats the point of thin information, we dont even know the credibility or whatsoever their conducting sorts of survey, and this is true what can tje op contribute ti this? afterall this site is for bitcoin connunities helping each other, unless this is just a nother fud

The day bitcointalk has no new signups is the day bitcoin really starts to arrive. Do you ever go to androidtalk? Nope. You just use it.

In every movement of bitcoin price on CMC there is bitcointalk to create every topic speculating the price and prediction by the movements but still, I guess 20% will happen. Not overall influencing these sites but it gives a lot of information to all people who are engaging in bitcoin and discussed it here in the forum.

I do not see how you can make those conclusions, the forum losses some viewers and readers and somehow you try to extrapolate this to mean that bitcoin is not going to go up in value as it did before, even if this forum disappeared tomorrow this will not affect the capability of bitcoin to reach incredible prices in the future.

numbers for septembers are finally there,

bitcointalk.org loses almost 24% of viewers in septembers thats a devastating loss continuing the downward trend

thats a reduction of 4 million users

coinmarketcap lost as well but not as wast, it lost 8% in september and in numbers thats around 7.7 million viewers

the downward trend continues

https://www.similarweb.com/website/bitcointalk.org#overview

https://www.similarweb.com/website/coinmarketcap.com#overview

Another 17 percent loss last month