Topic: If Bitcoin crashes would this forum still exist? (Read 718 times)

You touched upon a very important point here. The benefits that Bitcointalk offers. What are they? Earning cryptocurrencies, doing bounties, and offering services and goods in exchange for payments in crypto.

What if one day all that is gone? Hypothetically, that could happen. I don't think it's realistic that it will, but theymos or anyone who comes after theymos could one day get fed up with what the forum has turned into and decide to pull the plug and reset Bitcointalk to factory settings so to speak. No more signature campaigns, no bounties, no marketplace. Just a place to hangout and discuss Bitcoin. Very few would stay if something like that was attempted. Therefore, Bitcoin doesn't need to crash for the forum to drop on its knees. 

Bitcoin is not going to crash, and I’m not just saying that, because it’s going to get better and better all the time.

Not to mention bitcoin itself ，，，what does it mean that so many countries and companies use Bitcoin and trust it? Isn’t that the best way to prove Bitcoin?

Don’t say something irrelevant here, just look at the market trend,

I was going to say the same thing but you beat me to it. It would be arrogant to believe that the price of Bitcoin does have not the greatest impact on the forum. Bitcoin was the reason why the forum was created in the first place. A bull run fuels the energy of members to contribute to the forum and also boosts the influx of the new members into the forum. I am confident there are statistics to support this fact.

Debatable. Bitcoin's price changes are likely to have the biggest contribution to loss, and gain of users. Most users signing up on the forum nowadays, seem to have the motive of eventually earning via a signature campaign, and while that's not a bad thing at all, part of our continuous success will be partly to the potential to earn here which includes signature campaigns, and other forms of earnings.

Enthusiasm for the majority of users will likely be tied to the current Bitcoin price or the potential of it rising. Theoretically, if Bitcoin had an expiry date that it was no longer profitable, that enthusiasm would likely quickly disappear.

Bitcoin will not crash, and the forum will always exist.

• The forum does not only discuss the price of Bitcoin, it also has discussions on the ideological and technological aspects of cryptocurrency. As long as there is cryptocurrency, the forum will exist.
• It may affect the decrease of Bitcoin users and lower activity, but as long as they can obtain benefits, they may still discuss in the forum.

There is a lot of information worth learning and researching in the forum. The price of Bitcoin does not have the greatest impact on the forum, but the enthusiasm and contribution of users to the forum itself.

You should really think about it. Do we discuss in here when Bitcoin's price rises? Do we discuss when Bitcoin's price falls? Do we discuss only about the price? Some thoughts that should answer to your question. 

Bitcoin is innovative money; the fact that it can be manipulated or as any other commodity, crashed, it doesn't mean that there shouldn't be discussions towards it. Because, after all, I have to say that the main purpose of Bitcoin isn't (obviously) to make you rich, but a critical thinker about the seasons we're going to live through. Oh, and sovereignly free; that's significant too.

Bitcoin leaves room for other projects to grow.

If Bitcoin crashes would this forum still exist? Yes
The purpose of this forum is to create a community/gathering of Bitcoin, cryptocurrency, and blockchain enthusiasts. It is not created only for Bitcoin though it is said to be created by Satoshi. Google it for more insight.

Meanwhile, Bitcoin has transcended the verge of crashing and there are also some enthusiasts who have once vowed not to allow it to happen.

reading the crypto scams and frauds happening in South Korea these recent years I wasn't surprised that they would implement strict regulations to try and prevent or reduce the scams and frauds going on in their country. although I expected the Fines, I wasn't expecting the jail time.

Arguments? Nah! I merely pointed you to your wrong choice and use of words. You don't think it's wrong to refer to someone else's country as sick and twisted? You don't? 🧐

No country hands out the death penalty for using Bitcoin  and no country would do that because that would create unrest. They can ban it and stop the people from using it and enforce fines and maybe jail sentences but they will not impose the death penalty. If there was a global ban how many of you would sit here defy the government and continue using Bitcointalk? Not many.

The Democratic People's Republic of Korea

Anything influenced by the Western culture is surely one way to get deported to the labor camp.

Assuming that hypothetical scenario is realized, Bitcoin 2.0 would probably be released in order to fix that vulnerability and this forum would still be relevant for discussions.
There might be a separate Bitcoin 2.0 forum, but that would likely be much smaller in size and interest.

First off I asked what oppressive country you live in that would do that.. I never said I didn’t believe it, did I? I just reconfirmed with myself as I typed that I shouldn’t doubt it, not saying I ever did. Also I agreed that the traffic would likely slow here in the event of a massive crash, can you point out where I said something to the contrary? I also am well aware it’s all hypothetical at this point. Do you just like to create arguments or   

Well, some people would say that Bitcoin crashed when it feel from $64.000 to $30.000 in terms of fiat value. Others would say it's just a correction for this or that reason. Whichever camp you belong to doesn't matter because as you can see, Bitcointalk is still here. There has been a lot of talk recently about forum activity, but it's not exclusively related to Bitcoin's current value.

For Bitcoin to become totally worthless, the whole system would have to fall apart and allow anyone to steal or spend any coins they like. If that were to happen, there would no longer be a need for Bitcoin it its current vulnerable state, or for the forum for that matter. Maybe an altcoin would then take the throne and the forum's only activity would originate from altcoin discussions.

If you studied the forum histories then you wouldn't create this thread. Just see records what was the Bitcoin value once the forum was established and after that, how many times Bitcoin price crashed and what was the impact. If you can find the record simply you will get your answer yourself although many users already explained it. Just learn a little bit by research yourself, so many solutions will be in front of you.

If you truly believe what you said in that part I bolded, then I think your first sentence is contradictory. Obviously, it contradicts your second view. However, remember that what we are dealing with here is a hypothetical scenario. It's that simple. We shouldn't lose sight of how traffic reduces in this forum during bear season let alone when governments begin to clamp down on those who are into Bitcoin. Do you honestly believe this forum will not be affected? Obviously not!

What sick and twisted country do you live in that would punish someone to death for using bitcoin? I guess I shouldnt doubt that there are a few countries out there that would, which makes me sad that people have to live under such bullshit oppression.  I guess the same goes for jail time.  Hell China sends you to a "reform camp" cough prison camp cough if you don't simply conform to their religious ideals or god forbid two people of the same sex act upon their interest in one another.  Fucked up world that still needs a whole lot of work thats for sure.

I do agree though that it's likely that we see a fall off of activity if bitcoin drastically crashed.  But who knows.


Many countries have been welcoming of bitcoin as well. The US has been, but has stressed increased regulatory oversight, which I am all for.  However I disagree, if they wanted to "ban" bitcoin, they could to a very large extent.  They would disallow exchanges to operate or be accessible inside the country, which would make it so the majority of bitcoin owners would likely sell out of their positions.  As a financial advisor by trade, one thing I know to never underestimate is the overall panic just a little thing can cause, let alone something major like that.  Hell the stock market falls 500 pts and I've got clients calling me telling me the world is over.  

This forum was created when Bitcoin was worthless, it will do just fine.

Are you cocksure about that? I have observed how thinned out this forum gets whenever Bitcoin is eaten up by the 🐻, how a lot of people get discouraged coming and posting here, how traffic to this site reduces. Remember that FOMO creates a hell of noise while the 🐻 bestows silence on every group and communities. I think if there is a global ban on Bitcoin related activities with huge implications of imprisonment and death for defaulters, this forum will be drastically affected or shutdown.

Every online community goes through evolutionary changes, and this one is no exception. Bitcointalk forum's existence in the future will be determined by its members, not by the value of bitcoin.
Bitcoin may crash, it may be replaced by a new bitcoin, aliens may take over the earth... but nonetheless, this community will run its course.

They can't so let's say they banned all activities relating to Bitcoin like trading, mining etc globally, the forum would still exist and even become more stronger because now the whole 'when moon' topics and price discussion will be taken out of the pictures and more focused on building a community around Bitcoin will come into effect.

Now let assume there was to be a targeted attack on the forum with the hopes of the government thinking, if they successfully bring down the forum then the trust in Bitcoin will decline, I don't think they can do anything possible to bring it down too as all their attempts will be countered.

If all the government simultaneously banned the forum in their respective countries and the server which it's hosted on gets taken down, I'm pretty sure some other solutions will be deployed immediately. like the forum been hosted on decentralized server or probably the forum goes all dark web mode lol. One thing is certain, the forum is here for good and can't think of any possibility of it going out of existence unless it was caused by the internet going down.

Bitcoin crash always exist dude and this forum never even had a pinch. This forum is mainly consist of Bitcoin and cryptocurrency global enthusiast and this forum bind us all for common knowledge that every newbie could find here. This is where you could learn about cryptograph and current events happening in crypto world. From politics up to announcements of new alts.

I think the responses would've been more thought provoking if OP had phrased his question this way — Would this forum still exists if Bitcoin were banned globally? The issue of Bitcoin crashing (correction) means little or nothing compared to if it were banned by all nation's (though I know this is impossible).

The tulip bubble, the Ponzi scheme, Bitcoin is still developing very well despite repeated doubts, but many people still do not have a firm belief that Bitcoin will not collapse, and Bitcoin forums will always be there.
 
I believe that rationality may be. Be late, but will not be absent.

Maybe after Bitcoin enters the bear market, everyone's enthusiasm will be less, but everyone is waiting for the opportunity. The true Bitcoin believers will continue to put forward suggestions for improvement of Bitcoin and work hard for it.

As the price rises this place gets filled with spammers and scammers. You should have been around to see the paradise that was bitcointalk when the price was at $2. I’ve said before that I would seriously consider trading Bitcoin’s price to have the old community back. Money is cool, but working together in a supportive community to change the world is way cooler.

So answering your question, this forum would not only exist if Bitcoin crashed, but it would likely be a much more positive and supportive place to build the future of decentralized finance instead of a mosh pit of users begging the existing financial system for investment.

Forums and communities don't literally die when interest in a certain niche crashes. Though yes, demand and traffic will drop. Remember when bitcoin's price dropped down to $3k levels? Yea, if my memory serves me right topics being created were far lower than we're having right now, but definitely not "dead".

Bitcoin crashed, burned and died so many times yet bitcointalk forum still exists, and it will exist as long as there is interest from people to write and be active here.

If you want an answer to your question, just check the history of bitcoin price, and the date when this forum has been created, and you will immediately realize that this forum (and bitcoin) survived many price crashes in the past, and will most likely survive any future ones. So, no need to worry and instead better focus on acquiring as much as possible.

Yes, The forum will continue to exist. We have endured many crashes in the past 5 years and will move past that. Active users might dwindle down a bit but still it will not affect the Legacy of Bitcointalk.

Will the forum still exist if BTC goes to $0.00? Yes.
It will even exist if all the world gets together and charges people just to hold BTC and keeping it costs you real money.

Why? It is a revolutionary technology and people came together to discuss it and work with it and develop it, etc.

Now, will the form be the same as it was before? No, of course not it would adapt and change.

Don't believe me? Take a look around the internet, there are forums with 1000s of members discussing cars that were never popular and are no longer made, by manufacturers that no longer exist. If something like those forums exist, this one is going nowhere.

I am not a member of the Fiero club, I just lurk there and you can't prove otherwise.

-Dave

2018 happened and people in the forum are still about different stuffs and interest in the forum so I don't really think that this forum will go away anytime soon, maybe 50 years from now and the popularity of cryptocurrency wavers into obscurity, maybe that's the time that we will see this forum go down a natural death.

Actually, the forum has been losing users since a lot of time. I have been discussing this matter here:

Is Bitcointalk.org losing user base?


Nobody put that declining numbers of users with price in bitcoins. So I would rule out a crash of the forum because of a crash in BTC price.

The community of this forum is it’s most invaluable assets, and we have showed many time how irrelevant the price is for us (or, as @LFC_Bitcoin says, we look for a crash as an excuse to stack even more sats!)

In practice, it seems to me that everything depends on the community, the forum has managed to stay closely linked to bitcoin, but in its operation, regardless of what happens with bitcoin, its operation depends on the enthusiasm that remains among the users and that obviously there is the (self) financing to maintain it.

I kinda feel the ironic point of view actually. Come to think of it, if the bitcoin price crashes massively. Those who quit might actually be interested in investing back since it is more affordable. In fact, most of us are actually thinking that a massive drop in its value can actually be good for the bitcoin economy. As it becomes more stable and affordable to use in our primary transactions minding how ridiculous fees are.

Going back to the question. The simplest answer will depend on the admin's budget lol

Ah there is no need for concern, the chances of Bitcoin going to zero are just above zero.

There will always be people using the forum, admins, developers, the long term diamond
hands members, the "household names" of the forum theymos, Cyrus, achow101, LoyceV,
Welsh, foxpup, mprep, gmaxwell, hilariousandco, mk4, Vod, o_e_l_e_o etc. Then there will
also be other Legendary, Hero, Sr. Members and so on who will continue to be active.

Bitcoin cannot be controlled and it is too big and too global now to stop, there are just
too many people of different backgrounds with vested interests to make sure Bitcoin continues.

Michael Saylor mentioned this in one of his interviews!

Yeah, it entirely depends on what the original thread poster meant by crash, it seemed they were implying by crash whether it was a permanent crash or a crash like we've been through multiple times. A temporary crash, might actually increase the amount of users we have temporarily interacting on the forum due to them wanting to know why it crashed. During a crash I would expect the speculation section to have one of the biggest increases, and same goes for when Bitcoin increases significantly in price.

A long term crash instead of a permanent one would undoubtedly have an effect on certain users, and they would probably drift away, however Bitcointalk would likely survive just because we know we are all hoping that Bitcoin becomes much more than a currency that is worth a lot when you peg it to other fiat currencies.

Its interesting for a thought experiment though. If it were to return to $1 or somewhere around there, the amount of users here that would be worrying would be quite significant, and that would likely impact their decision to continue using Bitcoin, and therefore the forum. However, then you have the opposite side of that mentality where more people will be investing into Bitcoin just because its been known to rise significantly over its lifetime. I mean, if Bitcoin ever crashed as significantly as that, I can just imagine the amount we all would be trying to buy.

I wouldn't imagine it happening as easily as it sound. Bitcoin will never return to $1 due to the fact that bitcoin enthusiast are growing over time. It would be extreme thinking if we had to think that the price would be $1 in the next decade let alone in the near future. Everyone would call me crazy if I did and that's even more extreme than Musk's negative opinion for bitcoin. Lol

This forum exists before bitcoin have its very first usd value, price crashed more than anyone could count and it affects nothing towards the forum.

And this forum will still remain even there's no company/services do signature campaigns, though I doubt that, not unless theymos completely disabled signatures. The development & technical discussion board will be it's witness.

Yes it does and also everytime when the price is going to sky rocking new Users coming to the Forum.
I also guess even when Bitcoin crashes hard that the most Users will be here.
The Forum will be exist forever as it is already a Digital Museum for all Crypto related things and Stories.

Bitcoin doesn't crash. It just has corrections to shake out the greedy fiat fans.

Word, couldn't have put it better and more succinctly myself.  The only way this forum would cease to be as popular as it is would be if signature campaigns were done away with.  Bitcoin crashing--even if it were to do so on a massive scale--wouldn't have much of an effect, though I suspect it would have some effect.

Traffic to bitcointalk tends to increase when bitcoin starts shooting to the stars (if I'm not mistaken), so there is some relationship between bitcoin's price and the popularity of the forum.  But a crash?  Yeah, we've seen those many times before--big ones, too, like at the end of 2017, and when Mt. Gox went kablooey.

That's true, but when bitcoin was $1 it was on its way up.  If bitcoin went from where it is now to $1, there would have to be something very, very wrong in the world of crypto.  And even then I doubt bitcointalk would die.

Do not doubt the existence of this forum even though you have seen so many price correction over time. This forum has been around since bitcoin hasn't been worth $1 and why doubt the bitcoin price forum crashed?

Price can cause the user base of a forum to increase or decrease and if you are observant then you can also pay attention to it through forum user activity and statistic. This forum has an active user base in the last 3 months of over 113K users, so don't worry ahead of time.

Previously, it seem that you have answered your own doubt in your opening post.

I joined the forum in 2014 when we were in the biggest comedown of bitcoin’s lifespan, the MtGox aftermath.
The price went from $1300 to $150 not long after I joined. The forum was just as busy then as it is now (felt like it any way). So in conclusion, yeah I think the forum would continue, no problem.

I’d probably continue buying $0.01 valued bitcoin if it went that low because it could always rise again.

We can still even use Bitcoin even if it ""crashes"" price-wise.
Technical stuffs about Bitcoin is not all about prices.

---

That was an intentional double-double quotation.

I tend to agree and I witnessed this, that was on December 15th, 2018 at the price of $3,236 but still didn't have an effect on the forum.


Many think that it was the end of Bitcoin, other members have stayed (I'm one of them) while others didn't, some of them they'd come after they heard a bull run again like what happened this year.  And many of them come back for the discussion and opportunity how to gain profit in Bitcoin and some of them come back for technical queries on how to recover their lost seed phrase or password to their Bitcoin wallet.  This forum was still there and there's no correlation against the crashes of Bitcoin price.

Bull trend or Bearish trend, this Bitcoin community will remain the same.  However, I believed many of the old users here fighting against FUD that quickly spread when the bear market comes, it should the legacy of Bitcoin will the same remain, no matter what.

Sure why not.
Although in my opinion it is very unrealistic that it actually crashes properly.

Whatever does that even mean?
-30%? Something like that is bound to happen again.
-90%? That would be 1. very unrealistic and 2. it would bring the forum even forward because by the low price many new users are attracted.

Indeed, you're still new here 
I've already experienced since 2014 two so-called "crypto-winters" and all I can say is that some do indeed come and go easy, but many just stay. And the forum, as you can see, it's still here.

Price can go up and down and back up and all again and again. And Bitcoin is (way) more than just price. So why would this forum cease to exist only because of yet another temporary price fluctuation?!

let's enjoy bitcorn together .  looks op has worries that will never happen....this forum has been around since the Bitcoin price was below $1, which means this forum will still exist even if Bitcoin crashes to $1.  Don't worry about the impossible thing.

Bitcoin were crashes on Q4 2018 the price is around $3K+ and this forum still exist until now, I think it's already answer your questions.

Or probably in the future this forum would dead, because we all migrating to new forum (Epochtalk)

This forum was here when bitcoin was worth nothing in fiat value but just an experiment. I'm sure if 1 bitcoin was worth pennies then the forum would still be here as long as people are still using it.

You'd get reduced user base, and there would likely be less opportunities to earn here. Although, as long as its profitable for casinos to operate, they likely would still operate. It depends entirely on what you mean by crash, if you mean crash as in become absolutely worthless, no matter how unlikely that is, then you probably wouldn't see many businesses accepting Bitcoin anymore, and the forum would eventually become unused, though that's if Bitcoin become absolutely worthless, and there wasn't any other appeal i.e collectible which is probably close to impossible. However, if it were to hit some pretty low levels, then this forum would definitely take a hit, but this forum was popular when Bitcoin was worth <$25 , so I don't think it would be overly bad.

For Bitcoin to become absolutely worthless there would likely have to be a critical error in its design, which isn't the case. You could argue that it might eventually be replaced by something better, but that's also not looking likely at this point, and wouldn't mean it would become worthless, but rather less valued.

Casinos and all other gambling sites that operate solely using cryptocurrencies will not operate again (or maybe some will move to using fiat), but know that if bitcoin is about to crash finish (Bitcoin price getting below zero, which is highly not possible though), all altcoins would have been dead.

I completely agree with Foxpup, his post is basically about Bitcoin will never crash. There will be time for bear and bull run, and that is why many people like Bitcoin, the bull run is always greater which is leading Bitcoin price to all-time-high.

I think what OP meant is that if the price crash to zero, which is not possible but just an assumption. I noticed increase in Bitcointalk online traffic during bull run while decrease in traffic during bear run. @Zilon, if Bitcoin price can fall to zero, this forum will not have significant visitors anymore because Bitcoin is the the backbone of this forum's existence.

Bitcoin has crashed many times with no effect on the forum other than a slight rise in FUD spammers claiming Bitcoin would never recover right before it actually did recover. Just grab some popcorn and enjoy the show.

I know it sounds absurd but I was just wondering with all the treat from economic and political sectors of the world released on Bitcoin if by chance the government succeeds in devaluating Bitcoin which I know for sure is impossible would this forum still exist and would crypto casinos still operate?

This has given me great concern because this forum has eduated a whole lot on Bitcoin and the block chain network in general with constant participation from users across the globe but how about if the key sector of the forum shorts down what would possibly be the fate of the forum because vertually all other sub boards centers around Bitcoin and how its improvements in the society

It's just a call for concern for me and I decided to express my deep thoughts what do you think?