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Author Topic: Is the crash in bitcoin price a threat to forum existence?  (Read 328 times)
Hispo
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June 21, 2022, 11:12:08 PM
 #41

I don't think so.
This forum existed even before Bitcoin was widely traded, had a monetary value or even before the existence of exchanges.
If Bitcoin were to lost much of its value tomorrow, we may lose much users or potential users in mid terms, but ultimately the forum may stay here for years to come and even the discussion about Bitcoin's future and a way to increase its value may take place here.

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June 22, 2022, 04:53:26 AM
 #42

This forum is very cheap to run and only costs a few dozen dollars for servers and bills monthly.

You can see that it was even around before BTC was even worth anything, and there are ample reserve funds the forum has to accomodate the expenses, even in a downturn.

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June 23, 2022, 11:23:20 PM
 #43

Absolutely not. As regards to the bitcointalk, I believe that the crash in Bitcoin price is only a threat to scammers on the forum. Also since the forum doesn't generate revenue from the sales of Bitcoin, there's nothing to worry about. The way I see it the forum is still going to be here for as long as it has no influence from external entities.

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Mpamaegbu
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June 24, 2022, 08:40:17 AM
 #44

Have seen threads like this in prior dumps too, this forum did fine when Bitcoin was close to worthless, it will do just fine.
Bless you for that! Exactly my perspective too. Bitcoin suffered heavily after its ATH in 2017 yet this forum remained. I mean, it hasn't taken the type of beating it took at that time when it plummeted from $19k to below $3,200. For me, the only thing that can make this forum fizzle out will be the death of Bitcoin. Even though Bitcoin isn't the only thing discussed here, it's death will cause many members to exit in disappointment.

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June 24, 2022, 05:28:41 PM
 #45

... assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?

Yes, in that case it would cease to exist, just as if a meteorite fell and caused the extinction of the human species, as happened with the dinosaurs. The question is how likely it is that this would happen.

Price drops like the recent one and bear markets do not end the forum, as other colleagues have already told you. If anything, activity is reduced.

Have seen threads like this in prior dumps too, this forum did fine when Bitcoin was close to worthless, it will do just fine.

It is logical. And in bull markets are more typical threads along the lines of "Will Bitcoin price reach $1M next week?"

I'm exaggerating, but I think you get the idea.

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June 24, 2022, 07:19:36 PM
 #46

I am very much confident that bitcoin will remain with us as long as we can imagine. Though it might metamorphosize in it's protocols, but it will remain bitcoin. But for the purpose of Op, if bitcoin ceases to exist, this forum will also cease to exist. It might not happen immediately but it will gradually fade away.
This is because if bitcoin stop to exist, automatically altcoins will also not exist. Bitcoin Discussion board and technical discussion will be irrelevant. Casinos hosting campaigns will stop to exist, the coin mixing companies like Chipmixer will become irrelevant. Funds for running the forum will be zero. Infact, everything will simply fall apart

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June 24, 2022, 11:53:56 PM
 #47

Bitcoin can't be stopped; it's inevitable.  The current cycle seems to follow the cycles of the past years/charts, so this is consistent.  With this one though and possibly with last couple, have to wonder if institutions are shaking out weak hands in order to strengthen theirs and increase their bags- case and point- jamie dimon, spreads fud while buying the dip.  Makes it seem they are complicit in the sells offs and dip buying but the beauty of Bitcoin is these bastard still can't and won't control it.
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