Topic: Is the crash in bitcoin price a threat to forum existence? (Read 332 times)
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.
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
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
... 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.
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. 
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.
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.
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.
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.
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.
.. 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?
Do you think that Bitcoin will not rise up again or even dead because of this current market?Well, this may be new to you, this market crash may be new. But, in fact, we have been experiencing this situation several times. This is a bearish era where Bitcoin will be dumped enough, don't be shocked, but the possibility of Bitcoin to dump again at worse than the recent rate will be still possible. But, this is Bitcoin, something special that we have known so far. Although it has experienced several times of the bearish era, big crashes, in fact, Bitcoin can still be able to rise up again, moreover during the bullish season later. the chance to rise up is more significant.
So, don't panic too much, learn from this current market to be able to decide what is best for you. Don't panic because of this recent rate because panic will only make you worse.
This forum still exists and will be still, for there are so many discussions here.
Bitcoin price was even lower than 6k around 2017-2018, if I can recall correctly. This forum is not heavily tied with the price of Bitcoin. It is a place for discussions and conversations, OP just like any forums out there. It will continue to run and exist I am pretty sure. There are a lot of stuffs to talk about Bitcoin and crypto and it is not just all about the price itself.
If the price of Bitcoin still goes down in the future and maybe gets the lower value for me the forum will still exist there are many other discussion in the forum not only about bitcoins but other coins also, maybe if the price of bitcoin are less than one-hundred dollars, if this forum still exist for sure a lot of changes maybe some user will leave and some will stay. but the last decision is from our admins and staff cause they have the power and they controlled the forum .
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?
actually this forum is built for Bitcoin technology and the possible ways of contributing for the benefit and upliftment of the community,the common goes of bitcoin forum is to bring suggestion that will promote and prompt anything that will make Bitcoin not to collapsed. Specially if bitcoin is not long in existence, it's very obvious that theirs every tendency that the community will not be functon able for existence, except Bitcoin normalized. 
This forum didn't collapsed before even if the price of bitcoin is so low so I can't imagine on why would that incident will happen? This forum still earns huge traffic everyday so if many people still using this we can't see this forum go out of nowhere.
Also for sure we can see this forum exist for more years even if the market do some crashed and pumped schemes.
Also for sure we can see this forum exist for more years even if the market do some crashed and pumped schemes.
Nope, that ship has passed some time ago- if it ever existed. At best, possibly earlier in trying times when Bitcoin was in its infancy. However, Bitcoin has shown quite a maturity, resiliency, more use cases, exponentially more users, and is much more established.
Bitcoin Talk existed before Bitcoin had actual value. So if Bitcoin will have no more value, why would it cease to exist?
I believe the idea that Bitcoin will one day have no more value is obsolete however. I for example will always think Bitcoin has value as long as it is not compromised in the events of say Quantum Computing exploits that make Bitcoin unusable. And if Quantum Computing gets to destroy Bitcoin, by the time there will likely already be a solution prepared behind the curtains.
Anyway. I doubt there will be no more 'geeks' that would continue to care about and use Bitcoin in the event its price crashes to, say 2010 levels. That includes me. I will continue to be here for it.
-
Regards,
PrivacyG
I believe the idea that Bitcoin will one day have no more value is obsolete however. I for example will always think Bitcoin has value as long as it is not compromised in the events of say Quantum Computing exploits that make Bitcoin unusable. And if Quantum Computing gets to destroy Bitcoin, by the time there will likely already be a solution prepared behind the curtains.
Anyway. I doubt there will be no more 'geeks' that would continue to care about and use Bitcoin in the event its price crashes to, say 2010 levels. That includes me. I will continue to be here for it.
-
Regards,
PrivacyG
What direct correlation does the forum and bitcoin prices have in them? This is a general discussion forum and you would see lot more threads in these dips period as people are curious and panic to what's happening.
The forum was established in 2009 by Satoshi and you could see it here : Welcome to the new Bitcoin forum!
And the first exchange rates that were set in the same year were around $1 which you can clearly see in this picture :
So when the prices were around $1 the forum lose it's existence or see more growth with time? So don't know how you can mix them up but that's not how it works as we have seen many crashes and you could see many reasons behind current dip like possible insolvency of 3AC and others but in long run bitcoin will gain its momentum back.
The forum has seen decline in registation but still it's very good growth and being the best bitcoin and crypto community all over.
The forum was established in 2009 by Satoshi and you could see it here : Welcome to the new Bitcoin forum!
And the first exchange rates that were set in the same year were around $1 which you can clearly see in this picture :
So when the prices were around $1 the forum lose it's existence or see more growth with time? So don't know how you can mix them up but that's not how it works as we have seen many crashes and you could see many reasons behind current dip like possible insolvency of 3AC and others but in long run bitcoin will gain its momentum back.
The forum has seen decline in registation but still it's very good growth and being the best bitcoin and crypto community all over.
I have been here for a while and I can tell you that, nothing is going to happen to bitcoin. There isn't any anticipated crash for the commodity as this is supposedly a reoccurring phenomenon, expected to occur in every 2-3 years after the halving as an introduction to offer the incoming halving.
Haven't said that, the forum has its core rooted in learning, learning of bitcoin and altcoins alike. In recent times, some other digital innovations have com into the picture like, the metaverse, NFT and more. Al these aren't bitcoin although, the effects on bitcoin is sure to create a relative impact on them all but, all these are discussions that are done on the forum. Hence, they would always take a page here if whatever happens.
Lastly, some users have taken to themselves here and have even got a club. Out of sentiment, I believe some countrymen might have even met in person while others just enjoy sharing ideas amongst themselves on the forum. These will continue but the expectancy of new members is what might drop significantly.
Haven't said that, the forum has its core rooted in learning, learning of bitcoin and altcoins alike. In recent times, some other digital innovations have com into the picture like, the metaverse, NFT and more. Al these aren't bitcoin although, the effects on bitcoin is sure to create a relative impact on them all but, all these are discussions that are done on the forum. Hence, they would always take a page here if whatever happens.
Lastly, some users have taken to themselves here and have even got a club. Out of sentiment, I believe some countrymen might have even met in person while others just enjoy sharing ideas amongst themselves on the forum. These will continue but the expectancy of new members is what might drop significantly.
Nice line of thought,
But I honestly do not think that BTC can stop to exist.
Also, if eventually I does, I do not think this forum will stop functioning because of that.
It may reduce the number of users of the forum.
You need to also understand that this forum contain discussions that have no connection with Bitcoin.
But I honestly do not think that BTC can stop to exist.
Also, if eventually I does, I do not think this forum will stop functioning because of that.
It may reduce the number of users of the forum.
You need to also understand that this forum contain discussions that have no connection with Bitcoin.
First, could Bitcoin cease to exist? I don't think so. Even in the imaginary situation that Bitcoin's price goes to zero and all the nodes went offline and all miners ceased to operate, it doesn't necessarily mean that Bitcoin is dead or that it already ceased to exist. It could remain like that for decades and somebody could revive it anytime and all the data and Bitcoin are still there.
But it doesn't have anything to do with this forum. The forum continues to function. After all, its operation is not in any way dependent to the network. But the question is, would there still be anybody who wishes to discuss about Bitcoin when the price is already zero and the network is stagnant? But again, the forum's functions could go on. Discussions could be focused on something else.
But it doesn't have anything to do with this forum. The forum continues to function. After all, its operation is not in any way dependent to the network. But the question is, would there still be anybody who wishes to discuss about Bitcoin when the price is already zero and the network is stagnant? But again, the forum's functions could go on. Discussions could be focused on something else.
If the crash would threat to this forum existence, your thread wouldn't have been replied with 27 replies instead only few replies since many users away due to this crash. I don't see any relation between crash and this forum existence, I'd say if the bounties section and signature space got removed, then I believe 100% it will have big threat to the forum. Perhaps we will see around 90% activity will down and every sections will be like serious discussion where the reply very rarely.
Within this weird question lies an interesting observation: bitcointalk is purged with each crash.
Every time we have a major market crash where bitcoin price goes down a lot, all the altcoins dump much harder. That means the incentive to create new shitcoins or pump the existing ones dies and that kills a lot of activity on bitcointalk, specifically in the altcoin boards. For example comparing 2017 with 2018 activity shows how the shitcoin scammers went away during the crash year.
Every time we have a major market crash where bitcoin price goes down a lot, all the altcoins dump much harder. That means the incentive to create new shitcoins or pump the existing ones dies and that kills a lot of activity on bitcointalk, specifically in the altcoin boards. For example comparing 2017 with 2018 activity shows how the shitcoin scammers went away during the crash year.
Jump to: