Bitcointalk and CMC continue to lose influence over cryptomarket

[r32godzilla]

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.

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.

[1Referee]

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

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

[franky1]

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

[2fresh]

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.

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

[Albert211994]

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.

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.

[squatter]

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

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

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

Rather than make a long post, I will just say look at the "Archived Profiles" at the top right of https://bpip.org

A few seconds later, refresh the page - see how the number is going up?  Yes, there were (are?) that many people signing up per minute on this forum...

Most new accounts are not making any posts at all, meaning three months later they become archived.

This is a GOOD sign.  Before merit introduction, most of these profiles were making garbage posts.

We just need to wait until all the shitposter sMerit has been used up.  Then there will be NO incentive and no forum posts about bitcointalk being a "lottery win".

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

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.

[ralle14]

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

regards

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.  

[KingScorpio]

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.

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

[KingScorpio]

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

regards

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.  

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

[mk4]

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

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

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!?

[Kasliono]

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

[ambisyon]

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.

[Harpawan]

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.

[Herbert2020]

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.

[KrishaBitcoin]

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.

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.

[3kpk3]

Let's see :
1. Bitcointalk dominated by spammer and outdated to most cryptocurrency forum/community website. Bitcoin price crash after reach $20K and merit introduction made few spammer left.
2. Coinmarketcap have bad reputation since they accept advertising coins/ICOs many times which are scam/ponzi such as Bitconnect and there's rumor they intentionally manipulate market cap/volume for minor altcoin

So no wonder both website traffic went down, but there's almost no correlation between traffic of those website and Bitcoin price/value. Bticoin's technology, adaption, legality and ease to use/obtain it are more relevant.

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.

[qiman]

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.

[Kakmakr]

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.

That and we have actual business news organizations starting to cover Bitcoin and it's movements, Bitcointalk will continue on but with a lot more altcoin discussion. Which is fine especially if the main developer area stays untouched we don't need or want the spam in there anyways.

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.

You have shown yourself to be a fool, we are in the middle of Bitcoin taking massive amounts of market share back from failing altcoins and ICOs aren't launching nearly as often.

Keep spewing your false bullshit.

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

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. 

[Erga Di Kenesis Lascrea]

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.

[happyme1818]

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.

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.