Bitcoin Forum

I wonder which of the two companies, PayPal or Pornhub are pushing the higher price the most? We all know Pornhub can only accept Crypto currencies as a payment option at the moment, because credit card companies and PayPal has stopped processing Pornhub transactions. (Also the other sites linked to Pornhub)

PayPal on the other hand, started to accept trading in bitcoins for selected customers... so they are also a major driving factor for the higher prices.

Which of these two companies are the biggest driving factor to sustain these high prices? (It is rumored that Pornhub alone does about $100 000 000 worth of transactions per year)  ::)

the price definitely reached $ 40,000 because of paypal. Paypal is a company that has a great reputation (even with the cases of closing people's accounts when they want without giving the person the opportunity to withdraw funds) and has many customers. the paypal announcement is a great exposure opportunity for bitcoin and also somehow start to show that the cryptocurrency market is not as bad as some big news channels talk.

years ago there were many PTC sites and it was thanks to the fact that they were sites that accepted deposits and withdrawals to paypal, when paypal started to freeze the accounts of the ptc sites all PTC sites went bankrupt. of course there were hundreds of PTC scam sites and a ponzi scheme. but my point is that paypal has a great influence and people know it and that is why the price of bitcoin has gone up a lot

I guess it would be the pornhub because as far as I know, if this PornHub is already using cryptocurrency as their personal payment method then imagine on how many people are trying to accessing this website day by day. Meaning every people going to access this will contribute on the payment of this website. Otherwise Paypal and Pornhub will be a great opportunity to widened the length of exposure to the bitcoin as well as the other cryptocurrency.

In my opinion neither of them has a major contribution to the raise in price as institutions are the ones who are pushing the price now. Retail money is small compared to professional investors. However I do think these two platforms have a significant part to play in the adoption of BTC as a method of payment.

I think the winner is Pornhub...
According to data that lonely men who work on the internet and who are under pressure really need sex entertainment, in the future Bitcoin users who don't want to bother with privacy will definitely deposit with Bitcoin. while for Paypal, currently, IMO there are not too many buyers there because there are still a lot of concerns.

pornhub can't compete with the volume that paypal can move. just for logic, one is sharing porn videos, the other one is a company created ad hoc for online payment.
probably pornhub could bring new people to our environment, people that have never heard about crypto currencies or other form of "virtual" payment.

@ChrisPop

Maybe you're right because not a lot of people have access to Bitcoin in their PayPal account, only US citizens if I understood correctly.
But at the same time, PayPal itself announced on CNBC that the company is currently buying 100% of the newly available Bitcoin supply.
(that was 2 or 3 weeks ago)
I too think Mindgeek isn't playing a major role in

If you add the companies investing in bitcoin as an alternative reserve asset, the institutional investors injecting more funds into the market. All this creates a favorable context we're seeing.

@Renampun

It doesn't mean they all are buying a subscription for a premium account there

i say pornhub because as price goes higher their revenue increases by A LOT both because what they receive (and possibly hold some of it) increases in value and also a lot more people get into bitcoin so their chances of having more of their "customers" own bitcoin and pay with bitcoin increases. also people spend their bitcoin more whenever the price is going up compared to when it is coming down.

paypal on the other hand may not care at all because their role in this world is as an exchange service and they can only make money if people trade bitcoin in their service and whether price is going up or down they can make their profit.

Pornhub, and paypal ? I hope your right. What would have created the huge gain and crash of 2017 and 2018 ?  

We cant tell since we dont have actual numbers that can be known only internally but what matter most here is that these big companies specially Paypal had
accepted Bitcoin which is really a great thing.It doesnt matter which one did really have significant bigger impact because we do aim for more companies to do
the same. We would expect that we are seeing numbers which are higher compared to now if adoption would become bigger in near future.
Answering the question basing on presumption then ill hands down with Paypal.

Institutions

I do think that the institutions are the ones pushing the price of the bitcoins beyond the price.


I don't think that's really right ??
Many people who are using pornhub don't really have so much bitcoins to spare though.
Only like 5-10% of them really use it. Therefore I don't think that the high really came from here.


I don't feel that paypal was the thing that pushed the price of Bitcoins so high because most of the people who are using PayPal are not really involved in bitcoins.

-we don't really know though but I think it was more of a acceptance thing.
More acceptance along the world and institutions.

That was with credit cards.

Let me give you an example, in 2017 around 250 000 stores in Japan started accepting bitcoin, do you think they've got more than 1 customer each per day?  ;D
It doesn't matter if a business is accepting bitcoin or not, what matters is if the users want to spend their coins and not use their credit/debit card. And if you ake a poll around here if anyone would spend their coins for porn, hmm, I doubt you would be amazed by the results unless your bet was on 0.1%, it would be a surprise to know more than 5 people on this entire forum have paid for porn on pornhub with BTC during these times.

Meanwhile, pornhub has dropped 7 places in Alexa while onlyfans and manyvids have gone up pretty steep, so the outcome is pretty clear at this point, pornhub will be history soon, PayPal is here to stay for a while.
 

Pornhub is probably insantly converts whatever coins they receive into fiat. PayPal on the other hand allows users to invest in Bitcoin. Also the news of PayPal adopting Bitcoin has pushed Bitcoin up by a lot, while the same can't be said about Pornhub. Oh, and don't forget that recently Pornhub had to purge a huge percentage of their videos, so their revenue probably took a huge hit.

I think pornhub is more popular than paypal :D That is why it could create a bigger information noise and put bitcoin on hype.
We all know that paypal uses artificial bitcoin (it can not be withdrawn, send to other account, user dont have private keys), while pornhub works with real cryptocurrency. Also, pornhub already in 2018 accepted Verge as a payment. Who know how much support to crypto they had already created during that ages.

Personally, I think PayPal support bitcoin more than Pornhub. Many people know that PayPal existing and it basically on the mainstream. Pornhub on the other hand, only a few parts of the world know its existence. Moreover, not all pornhub users spend their money to buy the products on this website.

Thus, Paypal has more influence than Pornhub. And it can not be denied that bitcoin is strongly affected recently by Paypal and this company has joined the forced creating a big momentum for bitcoin and other cryptocurrency

Doubt if 100 million per year in transactions from pornhub could have any effect on Bitcoin price, PayPal, however is different, but it's not the reason behind these prices, reason is the trust which paypal helped to bring into the system, now people trust Bitcoin more than before.
Main reason however is the mass adoption, which we were waiting for a long time to happen.

Well... you have to remember this : "Pornhub is owned by Mindgeek, a private pornography conglomerate with more than 100 websites, production companies and brands. Its sites include Redtube, Youporn, XTube, SpankWire, ExtremeTube, Men.com, My Dirty Hobby, Thumbzilla, PornMD, Brazzers and GayTube." - Source : https://www.nytimes.com/2020/12/04/opinion/sunday/pornhub-rape-trafficking.html

The above article will also explain why Credit card companies and PayPal stopped processing Pornhub's transactions. (It also explains why it dropped on the Alexa rankings)

Now.... take the money spend on all of these sites and the other porn sites that will be "banned" by credit card companies and PayPal soon.. then you know why I am asking.  ;)

I guess Paypal will win over pornhub here, there's a lot of countries where pornhub is banned and I think this would have an effect on their average daily sales, not like Paypal that was worldwide adoption and they had tied up different merchants, only business or even offline.

I guess that is the biggest factor that helps bitcoin price boost in the market, as this year PayPal adds 21 million new active accounts in strong second quarter (https://www.zdnet.com/article/paypal-adds-21-million-new-active-accounts-in-strong-second-quarter/) in a total of 346 million active users of Paypal, I can't imagine if all that users will support and do trading in Paypal will surely have an effect on the bitcoin price will I guess it will shake the whole market.

So Paypal here contributed a lot but we should be thankful also for this adult site that contribute awareness to most adults.

so there you go, people using Bitcoin as its supposed to be used, Freely and without any regulations or restrictions.

Its relatively easy now to convert some FIAT into Bitcoin or an ALT and automatically they are outside the control
of Banks, Credit card companies and PayPal, those centralised entities.

As PayPal extends its Crypto services to the rest of the world they very well may overtake Pornhub.

You said it brother  ;)

That transaction will definitely be affected because some of those users might not be able to use Bitcoin to pay, there will still be those who are going to try and adapt to the new payment system but I don't think Pornhub or Paypal is the biggest contributor in making the Bitcoin prices rise. I would say that they introduced Bitcoin to a fresh crowd of people. Paypal is not bigger contributor than Pornhub nor any other crypto companies, remember that some Paypal users can't withdraw their cryptocurrency in their account which is bad publicity for them.

Both of them are pushing the price of Bitcoin higher. But I guess neither of them is the primary driving force of Bitcoin's rally. They're large contributories, however, of course. But they're not the only institutional names which propelled Bitcoin's price upward.

In terms of which among the two made a stronger impact or influence in the price increase, I guess it is PayPal. Even if PayPal's new feature is limited only to users based in certain regions, the fact that PayPal is getting into the game made a very strong acknowledgment of the legitimacy of Bitcoin. It must have been interpreted as a sign that much better days are about to come.

Pornhub is nowhere near PayPal. Users who have opted for premium subscription with Pornhub numbers only a few million and we don't know how many of them made the payment using cryptocurrency. On the other hand, PayPal is having a registered user base of more than 300 million people. The latest rally almost matched with the news of adoption of Bitcoin by PayPal, to its platform.

PayPal is one of the biggest payment processors in the world. It makes sense that they would have a bigger impact. A Pornhub Premium subscription is not very expensive so their volume would be nowhere near PayPal's which allows thousands of dollars worth of crypto purchases.

that's nothing. paypal did more bitcoin volume than that in a single day recently. on january 10th, they did over $200 million. https://twitter.com/AlexSaundersAU/status/1348806620050935809

i wish we could see how much paxos was holding in custody (is there a service that tracks that?) to confirm... but in my view, paypal's effect on the market blows pornhub outta the water.

paypal is turning out to be a huge avenue for retail investment, and that's who is driving the market exponentially higher---investors. not porn addicts paying for $10 subscriptions. :D

It is laughable to compare the two. PayPal adoption resulted in a massive bull run in the market, and the daily trading volumes went up by quite a lot as a result. PayPal is a mainstream business firm, unlike the case with Pornhub. I am not underestimating the impact from Pornhub, but the adoption by PayPal was like the breakthrough that Bitcoin was searching for so long.

Im not sure that pornhub really affected crypto prices. Reasons of recent bull run are in the institutionals and funds and not in the porno

It can be both Pornhub and PayPal affecting the BTC bull run,and it can be none of them at the same time.
I'm not quite sure that PayPal is buying real Bitcoins right now,since they don't allow BTC withdrawals.They could be just creating a centralized pseudo-BTC derivative and letting users to fall into the illusion of having "actual" Bitcoins.
On the other hand,Pornhub really uses cryptocurrencies in their business,but the porn industry is really competitive and the amount of free porn online is enormous.
I think that the company,that caused the BTC bull run is Grayscale. ;D

Ok... one positive thing is this... The bitcoins being used on Pornhub are tokens being used as a Currency and not as a Commodity as on PayPal. Also the bitcoins being stored in PayPal's database is more harmful than the bitcoins being used on-chain by people using Bitcoin as a Currency at Pornhub.

So, if I had a choice.. I would much rather have Pornhub as the driving factor.. because transactions done for Pornhub are actively generating miners fees and that is what Bitcoin need to succeed.  ;)

I would not make such a sure statement about PayPal's worldwide adoption, and we all know that they has started only, what the result of all these will be will see. And this Bitcoin is not that Bitcoin they use there that we know about. That is why the time will show how it will influence on the Bitcoin's price. There are too many nuances there in this story PayPal-Bitcoin. What about Pornhub service - it is easier to name countries and people who do not know about it than how many people watch those videos and at least heard the name of this website. But something tells me that it also will not have a really great impact on the Bitcoin's price, may be slightly yes somehow, but not substantially.

These companies have almost no influence on the price of bitcoin. The price directly depends on the investment.

Yes. In the long term, the prices will depend upon the amount that is pumped for investment. But that is exactly what PayPal users are doing. PayPal BTC can't be currently used for making any payments. It can't even be withdrawn to any personal wallet. The only purpose of PayPal BTC right now is for investment. And the volumes have been huge. There are indications that the daily demand for BTC from the PayPal users stands higher than the fresh supply of mined Bitcoin. 

This question comes to my Mind , what is the reason behind this Stopping the transactions for Pornhub when they are now both Crypto accepting company ?
I don't think this can be consider as Big benefactor mate , because literally Paypal allows 'LIMITED COSTUMER " in which by all mean they are not fully operating in regards to trading matter, things that we knew the most attractive features of crypto using.
I'm Sure Pornhub is far from that 100,000,000usd worth transaction per year , first reason is that Not all users know how to use bitcoin and even if they why would they risk the volatility when they can just pay using fiat of credit cards?

Porn lovers dont really engaged in Trading as they have different Views in system lol.

Bitcoin hit an all-time new apex in history by reaching $40,000 and it’s still mounting higher. After flying past $20000 in less than a month, Bitcoin has raised many eyebrows. What may be the cause or causes of such a bound in value? Is it due to the fact that Pornhub has decided to use BTC as its primary money-exchanger or might there be more going on, behind the price hike?

Institutional buyers have been demanding BTC as a hedge against inflation because only 21 billion bitcoins can ever be created. Now purchases will be made using future contracts. Another reason may be because the U.S dollar has declined in its foreign exchange markets. It slid below 6.8% in 2020 and plummeted again this year. The Federal Reserve’s money-printing of more than $3 trillion is one reason for this decline and now after the U.S capital vandalizing, further repairment bills may be financed from the Reserve.