Pornhub and PayPal - What are supporting the higer Bitcoin price the most?

[Kakmakr]

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)  

[Slow death]

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

[pinggoki]

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.

[ChrisPop]

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.

[Renampun]

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.

[bitbollo]

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.

[LeGaulois]

@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

[BrewMaster]

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.

[xcaret]

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

[dunfida]

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)  

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.

[fiulpro]

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)  

Institutions

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

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

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.

[stompix]

(It is rumored that Pornhub alone does about $100 000 000 worth of transactions per year)  

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?  
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.
 

[hatshepsut93]

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.

[bakasabo]

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.

I think pornhub is more popular than paypal 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.

[death69]

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

[ImHash]

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.

[Kakmakr]

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. 

[ReiMomo]

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 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.

[aoluain]

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.

[tinopener]

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

You said it brother