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Author Topic: Is the crash in bitcoin price a threat to forum existence?  (Read 332 times)
Queentoshi (OP)
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June 15, 2022, 10:47:50 PM
 #1

Bitcoins and its related discussions is the subject matter and major objective why this forum was first created after bitcoins from my observation, but considering the current dump in bitcoin, assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?

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June 15, 2022, 10:56:17 PM
 #2

I think the forum and bitcoin were both started as hobbyistic endeavours so the forum will live on as well as bitcoin will if something catastrophic were to happen to the price of the crypto market.

It seemed to have a stronger, perhaps smaller community when I joined here back when bitcoin was vauled at around $200. Everything seemed quite small back then though.

The forum itself probably costs as much to run as it receives in views/hits - of fewer people access the site it'll probably be a lot easier and cheaper to run. If the forum does disappear, there are a few user generated sites that store informstion for it and archive sites that used to parse the whole forum on a daily basis (I think it's done once a month now - on archive.org - but I've not checked recently).
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June 15, 2022, 11:02:36 PM
 #3

You do realize that this forum contains discussions that are not only about Bitcoin...right?

But that's not the point of my reply, my point is Bitcoin has been announced dead hundreds of times, but it just keeps getting stronger and stronger with time

Here is your place to start from

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June 15, 2022, 11:07:01 PM
 #4

Bitcoin was designed in a way its extinction will be very not likely possible. There is nothing impossible but bitcoin extinction is one among possibilities that may never occur.

If this bitcoin cease to exist, probably all cryptocurrencies will no more be existing, then what remains? Nothing. Because of that, this forum may cease to continue to be existing. If still existing, there would be a lot of changes.

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June 15, 2022, 11:34:12 PM
 #5

Bitcoin forum will still exist even if the Bitcoin price crash it's always happened after 1 or 2 years after blockhalving.

Like before, when people said Bitcoin was dead but still the forum still exists not so active unlike when the Bitcoin is in demand(Bull market) there are many active new users joining here on the forum.

If maybe never goes up and becomes no value just like you said maybe the forum will not continue to exist but still it depends on Theymos. If it happens I think there are still many believers who will request to continue this forum and support theymos by donating just to continue the existence of this forum for future plans/development.

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June 15, 2022, 11:41:05 PM
 #6

Bitcoins and its related discussions is the subject matter and major objective why this forum was first created after bitcoins from my observation, but considering the current dump in bitcoin, assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?

No and I do not think that there is a correlation between the price of BTC and the existence of this forum.

Remember that this forum was created in order to be the main repository of information about several and tons of discussion about CRYPTOCURRENCIES. Though bitcoin may be the main discussion, there are still altcoins that are being actively discussed under this section. In addition, the price of BTC dropping is an excellent discussion which necessarily has to be discussed and talked about given this very bearish market.

Investors and HODLers would definitely want to hear smart opinions of cryptocurrencies veterans and analyst in the market. Given by these facts, I really doubt that the forum's existence is a threat given the significant drop of BTC's price in the market.
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June 16, 2022, 03:09:45 AM
 #7

Bitcoins and its related discussions is the subject matter and major objective why this forum was first created after bitcoins from my observation, but considering the current dump in bitcoin, assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?
I dont think it will be affected. Forum existed and lively here even the bitcoin price is way too low than this current market. The only difference is the more people come here asking why price is going down then thats the beauty of forum since we can speculate and discuss whats possible happening in the bitcoin and crypto space. Even forum ads werent gonna be affected for sure as I believe the payment here is bitcoin.

Im thinking OP is worried of it as possible closure or something right? But its not possible to be affected by this crash.

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June 16, 2022, 03:15:25 AM
 #8

Have seen threads like this in prior dumps too, this forum did fine when Bitcoin was close to worthless, it will do just fine.
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June 16, 2022, 03:25:35 AM
 #9

Obviously the forum would still work fine regardless of price. It's just that a lot of times — in times of long and heavy bear markets, users and traffic is expected to drop as well simply because less people search about stuff concerning Bitcoin.

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June 16, 2022, 07:12:08 AM
 #10

No, honestly it work otherwise since I saw there's many thread popping out about Bitcoin price, analysis and speculation due to this crash. That's doesn't make threat to the forum, but it increase the traffic of how many users are more active about this season. However I doubt if this forum only alive because of Bitcoin price will keep increase, because some people didn't even think about the price as they're already trust Bitcoin 100%.

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June 16, 2022, 07:16:53 AM
 #11

yes offcourse in reality bitcoin created for solved the problem but the technology of blockchain still can be use for everything else right.

and take a note if this your first bear market and you are full time crypto like me it will hurt your heart  Grin but it will heal up soon Smiley

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June 16, 2022, 07:55:46 AM
 #12

Is the crash in bitcoin price a threat to forum existence?
Conversely, a drop in bitcoin's price results in the forum flourishing because it generally brings about a decline in the number of people only interested in speculations on a bull market and the increase in the number of people who are here for technology, who really care about fundamentals and bitcoin principles. In short, a bear bitcoin market is a perfect time to start learning the basics of technology, and the bitcointalk forum happens to be a suitable place to get answers to your questions. Of course, the "quantity" of posts may decrease during the bear market, but the quality of posts, which is a more important metric, is going to skyrocket because of the fact that people on the forum seeking knowledge will want to be educated and also educate less experienced users.

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June 16, 2022, 07:56:35 AM
 #13

If it's a threat to the forum then let's just go back to when bitcoin was in 2018. It didn't affect the forum. Most of the people here have been aware of bitcoin's volatility and won't mind that much if it's about the crash. It's already there so there's no need to worry about such things.
No matter what the situation of the market, the forum will stay and it's not something that you have to worry about.

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Maus0728
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June 16, 2022, 08:16:24 AM
 #14

I don't think that's a serious threat. Sure the price might be unattractive for others, but the tech behind it, still, has a place for discussion.

Plus, despite bitcoin's price drop in recent years, bitcoin forum still exists. And two, there is even ongoing development of a new forum platform called epochtalk[1]. Perhaps the most likely result would be a reduction in forum traffic, but who knows?

[1] https://bitcointalk.org/index.php?board=167.0
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June 16, 2022, 08:41:15 AM
 #15

Assuming your paradigm that Bitcoin will cease to exist and no chitchat about it. Forum will still exist since there's still altcoin section in the forum, In the event that Bitcoin will be hypothetically destroyed, I'm sure new altcoin will rise and take over that stop spot because there's still some blockchain project that deserves to get it like Ethereum.

There will be significant amount of decrease on traffic here since many will loss interest but it will recover soon once the new altcoin arise and create the new cycle of crypto hype.  Wink

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June 16, 2022, 08:42:20 AM
 #16

Bitcoins and its related discussions is the subject matter and major objective why this forum was first created after bitcoins from my observation, but considering the current dump in bitcoin, assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?

Nah, when bitcoin existed it went through a lot of turbulence times and yet this community grow bigger and bigger.

And even if Satoshi's disappearance, we continue to thrive and on the contrary, it created an enigma around the man and he become a legend. And many has attempted to clone or copy this website and yet there is only one that will continue regardless of what the market condition is.

 
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June 16, 2022, 08:43:34 AM
 #17

<…>
I doubt that the drop in price entails any threat whatsoever to the forum. From the financial angle, the forum allegedly holds something between 125 BTCs and 1250 BTCs (read through this thread to try to depict the most likely figure from all the posts within). Plus there is revenue made through add. That means that, unless BTC really really tanks, there should be an ample margin to subsist for quite some time with the operative costs.

We could compare price variations against some of the charts on this thread, namely the second chart (Unique IPs from logged-out users) and third (Unique IPs from logged-in users), and although the data is goes up to the 9th of february 2022 (lacking the more recent months), you can see a seemingly stable historical underlying floor of forum participants no matter what. Sure campaigns may take a hit, and that may drive a bunch of people off the site, but there should still be enough people around (and history) to make it worth while running the forum.

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June 16, 2022, 09:23:09 AM
 #18

First of all, we have already had big ups and downs of btc, the last example is the drop of btc from 20k to 4k in the period 2017-2018 and I did not notice that due to that the number of forum members decreased.
People also come here for socializing and acquaintances. I personally met some people from my local part of the forum and we became good friends.
I see a much greater danger for this and other forums due to the declining interest of younger generations in this way of Internet communication.
Obviously telegram groups and social networks have become much more interesting and attractive ways of communication for young people.

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June 16, 2022, 09:30:55 AM
 #19

It seemed to have a stronger, perhaps smaller community when I joined here back when bitcoin was vauled at around $200. Everything seemed quite small back then though.

Activity has declined with the number of active members since the merit system was introduced, but also since some things have changed when it comes to signature campaigns. During 2015 and 2016, some campaigns were even run by bots, spam was at an incredible level and what we have today is far better (though not ideal).



Bitcoins and its related discussions is the subject matter and major objective why this forum was first created after bitcoins from my observation, but considering the current dump in bitcoin, assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?

Without Bitcoin, this forum would not have been created - and I am sure it will continue to exist regardless of the price of Bitcoin.

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June 16, 2022, 11:07:38 AM
 #20

What is most likely to happen if Bitcoin ceases to exist is that the number of forum users may sharply decrease. But this, as you can see, is not a problem for some users. It will give them the opportunity to communicate with faithful and devoted people who are interested in bitcoin technologies. Although, to be honest, I don't see the point then.

In any case, you have an excellent opportunity to witness any situation in the future if you stay and experience the future of this forum.

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