9 million USD per month is looking for ways to jump into Bitcoin

[turvarya]

keep in mind this is 9M a MONTH, that's over 100M a year.

interesting comments here

http://www.huffingtonpost.com/2015/07/01/backpagecom-credit-cards_n_7705708.html

and so it begins....

Yeah, it is 9 million per month, but you also need to understand two things;

-The advertiser is not interested in having bitcoin, they want to pay for their ad space and that's it.
-The site takes those bitcoins, but also doesn't want to keep it, but rather exchange it for fiat asap.

I'm not saying these news are not good, because they are, they are promoting bitcoin and showing how it can be used where other payment methods are failing,but
to think or claim how this will bring bitcoin itself 9 million per month influx just because the trading in that amount will happen is not true. The price shouldn't be affected much imho.

cheers

influx is the wrong word. It's about liquidity, which should help Bitcoin to stabilize the price.

[1714774613]

1714774613

[bornil267645]

MasterCard, VISA & American Express has blocked BackPage.com to use their service.

BackPage said, they'll shift to Bitcoin.

BackPage ad revenue per month is ~9 million USD.

http://www.cnbc.com/id/102803867

http://www.usatoday.com/story/money/2015/07/01/visa-mastercard-stop-business-with-backpage/29558315/

http://www.washingtonpost.com/news/morning-mix/wp/2015/07/01/mastercard-cuts-ties-with-backpage-com-after-pressure-from-law-enforcement/

Based on this what do you think, bitcoin price will go up or down like today..

You hear a news of adoption and the first thing comes to your mind is whether the price would go down or up?

Cm'on man grow up.

Or Bitcoin never will.

[bitcoinmasterlord]

keep in mind this is 9M a MONTH, that's over 100M a year.

interesting comments here

http://www.huffingtonpost.com/2015/07/01/backpagecom-credit-cards_n_7705708.html

and so it begins....

...and so it continues. They are accepting Bitcoin/Litecoin/Dogecoin

http://insidebitcoins.com/news/backpage-accepts-bitcoin-as-visa-mastercard-set-embargos/33625

Is this real or photoshop? When real then this is huge. I think the type of business is not the best but certainly bitcoins have advantages that support the area in which these businesses act. So this kind of persons playing with bitcoins surely will bring adoption forward.

Nice.