massive feb visitor collapse in Bitcointalk and Coinmarketcap founding websites

[KingScorpio]

in february there was a massive collapse in visitors on coinmarket cap (-15% now only 55 million viewers per month)

and Bitcointalk (-26.44%)

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

now only 6.28 M people visit bitcointalk per month, another massive loss last month, last month alone almost half the amount of people left as there are currently still in.

this is usually a good indication for the success chances of bitcoin

regards

[Slow death]

Where do you want to go with this post? how many people have many bitcoins and are not in bitcointalk and do not even spend all days in coinmarketcap? I see a lot of people. You can see this too, people like Barry Silbert for example are not here in bitcointalk he don not stay all day looking at the coinmarketcap

This people: 5 of the World's Top Bitcoin Millionaires

they are not in bitcointalk, it means that we can have a lot of adoption without needing to be in the forum bitcointalk

[KingScorpio]

Where do you want to go with this post? how many people have many bitcoins and are not in bitcointalk and do not even spend all days in coinmarketcap? I see a lot of people. You can see this too, people like Barry Silbert for example are not here in bitcointalk he don not stay all day looking at the coinmarketcap

This people: 5 of the World's Top Bitcoin Millionaires

they are not in bitcointalk, it means that we can have a lot of adoption without needing to be in the forum bitcointalk

i doubt that, without a core founding community, bitcoin is just an empty ghost spread around by mindless american financial institutions. like berry silbert or worse the greedy winklevoss twins.

good luck with that trash, you are becoming nothing but a bunch of jokes

[mk4]

i doubt that, without a core founding community, bitcoin is just an empty ghost spread around by mindless american financial institutions. like berry silbert or worse the greedy winklevoss twins.

Maybe, just maybe, there are other bitcoin/cryptocurrency communities outside of bitcointalk.org. Ever heard of Reddit and Twitter? They're decent websites!

good luck with that trash, you are becoming nothing but a bunch of jokes

Hey there, that's you included. We're all a bunch of jokes here!

[KingScorpio]

Hey there, that's you included. We're all a bunch of jokes here!

well then good luck hoping for alternative communities like reddit or whatever to continue your bitcoin instead of making their own bitcoin and becoming whales themselves instead of supporting bitcoin whales

doubt other communities are so stupid not to make themselves whales just like you did.

[StackGambler]

It's just a function of the hype cycle, and the subsequent crash followed by the price collapse. It's sad, but it's the harsh reality of an unregulated speculative asset. This level, believe it or not, is the baseline. At least it's a higher baseline than say 3 years ago.

[pawanjain]

The reason for the sudden breakdown may be anything and one of the possibility which I think is definitely high for users not visiting the bitcointalk forum is below.
As we know it has been a while now since the merit system has been implemented. Most of the campaigns launching these days require us to have earned some merit to participate in the campaign.
Many users (mostly spammers) were not able to rank up or earn any merit for obviously shitposting. Hence all of these spammers would have no option other than to leave the forum resulting in the decrease of visits to the forum. It's just one of a possibility among the many others.

[Lucius]

Number of users on bitcointalk or coinmarketcap for you is an indicator of possible success or failure of bitcoin? The fact is that we are in bear market and that February or start of every year is usually the time when the people has the least interest for cryptocurrency.

Buying power is also very low in this time of the year, people usually spend a lot more money than should at the time of Christmas New Year holidays. Saying others they are stupid to be here, or support something is only show how smart you are. If bitcoin is for you only empty ghost spread, what are you doing here?

[eternalgloom]

Well, it doesn't seem to reflect on the prices at least, I'm pretty happy with how the markets are looking these days.

Also, how accurate are these statistics? Aren't they just estimates?
Only Theymos can provide us with accurate visitor stats of Bitcointalk.

It's true that when you look at Google Trends, there's a decline in interest.
But you have to remember that interest was peaking back in late 2017, when we saw an ATH.

Interest was there AFTER prices went up, not before.

[avikz]

in february there was a massive collapse in visitors on coinmarket cap (-15% now only 55 million viewers per month)

and Bitcointalk (-26.44%)

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

now only 6.28 M people visit bitcointalk per month, another massive loss last month, last month alone almost half the amount of people left as there are currently still in.

this is usually a good indication for the success chances of bitcoin

regards

Likewise! I am also seeing it as a good indicator. Probably the investor class people are slowly moving out of the market who had entered during late 2017. Because this class of people are the regular visitors of coinmarketcap for price and bitcoin talk for speculative activities.

Even though investors are important to the crypto economy, their presence usually increases the speculation which ultimately leads to a volatile market. So if this class of people leaves the market, the volatility should also decrease at a great extent!

[HeRetiK]

It's almost as if a lot of people entering the market during the 2017 bull market / hype cycle have been only following cryptocurrencies for a quick buck, rather than actual interest.

So...

It's just a function of the hype cycle, and the subsequent crash followed by the price collapse. It's sad, but it's the harsh reality of an unregulated speculative asset. This level, believe it or not, is the baseline. At least it's a higher baseline than say 3 years ago.

...pretty much this.

Maybe, just maybe, there are other bitcoin/cryptocurrency communities outside of bitcointalk.org. Ever heard of Reddit and Twitter? They're decent websites!

To be fair, Reddit's Bitcoin community has also largely stagnated compared to 2017. Its subscriber base grew by the thousands every week during 2017. Now it's been "stuck" at just a bit above 1 million for the last year. Which is still pretty good compared to the 100-200k of early 2017.


Still, there's nothing surprising about this recent decline in community activity. It wasn't much different during 2013 vs the crypto winter that followed. It's simply part of crypto's hype cycle.

[Kemarit]

We might as well include this indicator, sentiment analyst predicts Bitcoin price using Bitcointalk forum posts  . So there's a lot of indicators to measure the success of failure of Bitcoin, that is if you believed such measurements are real gauge. But we have to understand that there are no single indicators right now, others are saying that trading volumes is good meter but it has flawed as well. So for me, this works in cycle, if Bitcoin price peaks, then obviously a lot of investors/speculators are going to visit coinmarketcap and even this community.

[KingScorpio]

Well, it doesn't seem to reflect on the prices at least, I'm pretty happy with how the markets are looking these days.

Also, how accurate are these statistics? Aren't they just estimates?
Only Theymos can provide us with accurate visitor stats of Bitcointalk.

It's true that when you look at Google Trends, there's a decline in interest.
But you have to remember that interest was peaking back in late 2017, when we saw an ATH.

Interest was there AFTER prices went up, not before.

could you put a price chart over it, so we can see weather the search comes before or after the hype

[n0ne]

As markets showed up the down trend by the month of February, people have lost the interest upon the cryptocurrency network. The same got indicated through the visitors to bitcointalk.org and coinmarketcap which were the key sources that give detailed information about things happening around with relation to cryptocurrencies.

[stompix]

Where do you want to go with this post? how many people have many bitcoins and are not in bitcointalk and do not even spend all days in coinmarketcap? I see a lot of people.

Let's be honest, traffic on all bitcoin-related sites including Reddit subs has gone down and this is nothing new, it did so in 2014 and then skyrocket in 2017.

You can see this too, people like Barry Silbert for example are not here in bitcointalk he don not stay all day looking at the coinmarketcap. they are not in bitcointalk, it means that we can have a lot of adoption without needing to be in the forum bitcointalk

A lot of adoption based on a few guys that are not here on bitcointalk? Seriously?

Why can't people accept that the FOMO has died and interest has also gone down?
Bitcoin has always seen those cycles, it's nothing that should scare people or deter usage.

Let's not turn into cultist and try to deny everything negative that happens around bitcoin.

To be fair, Reddit's Bitcoin community has also largely stagnated compared to 2017. Its subscriber base grew by the thousands every week during 2017. Now it's been "stuck" at just a bit above 1 million for the last year. Which is still pretty good compared to the 100-200k of early 2017.

And it's kept alive more by the spammers trying to promote their yt channels and cypto "news" websites.
Discussions have died there also, posts with more than 20 comments are becoming scarce.

[cryptjh]

Coinmarketcap are the website that sends most users to Bitcointalk, so when Coinmarket cap loose 15% of its monthly visitors, it will also have an impact of the visitors of Bitcointalk.
Another interesting point from https://www.similarweb.com/website/bitcointalk.org#referrals was that docs.google.com has lost 30% of the visitors from bitcointalk, this means that the bounty campanis are continues there slow down.

[LeGaulois]

Currently, a lack of interest in cryptos could explain the situation. (But doesn't mean it won't come back) When you check the Google trend for "Bitcoin" It hasn't decreased or increased a lot since summer 2018. https://trends.google.com/trends/explore?q=Bitcoin
And a lack of interest means not much, we got periods like this one some years ago, I guess it comes and goes but it shouldn't stay too long

[LFC_Bitcoin]

The bitcoin price has been / is in a long period of low volatility. The price has been moving in a sideways range for months. It’s natural that there are less vistors to bitcointalk.org & any other botcoin related websites really.

As soon as the price starts to rise significantly & bitcoin stories / news starts breaking in mainstream outlets again FOMO will kick in (as it always does) & interest from average joe’s will return.

Lots of us have been here & seen it all before.

[pixie85]

Where do you want to go with this post? how many people have many bitcoins and are not in bitcointalk and do not even spend all days in coinmarketcap? I see a lot of people.

Let's be honest, traffic on all bitcoin-related sites including Reddit subs has gone down and this is nothing new, it did so in 2014 and then skyrocket in 2017.

I take that as a very positive indicator. The less speculators and the better. Less whining, less doom topics, less stupid questions about another pump and another moon.
At the early stages of a bear market there's always hundreds of topics saying it's not over we are going up in a matter of weeks, 500x profits next month. In the later stage it turns into an it's all over period: Fuck Bitcoin, I'm out of here, but they linger on. Now we are past that in the time where they really give up and leave.

Maybe the bottom is really in.

[HeRetiK]

To be fair, Reddit's Bitcoin community has also largely stagnated compared to 2017. Its subscriber base grew by the thousands every week during 2017. Now it's been "stuck" at just a bit above 1 million for the last year. Which is still pretty good compared to the 100-200k of early 2017.

And it's kept alive more by the spammers trying to promote their yt channels and cypto "news" websites.
Discussions have died there also, posts with more than 20 comments are becoming scarce.

Very true, but seeing how abysmal r/bitcoin submissions have become it's no wonder that discussions have died down. And is it just me or is r/bitcoin in a worse shape than it was pre-2017? Maybe it's the rose-tinted glasses of nostalgia, but I remember much more focus on upcoming Bitcoin tech being discussed. Right now even the memes are r/comedycemetery material at best.