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Title: MMM affect bitcoin price Post by: Jmild1 on March 14, 2016, 08:39:10 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
Title: Re: MMM affect bitcoin price Post by: richardsNY on March 14, 2016, 09:28:21 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? It already happened in late 2015. Right now this MMM ponzi has no effect and will not have an effect anymore. It's done. Right now it's purely the block halving that people are focusing on. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 14, 2016, 10:43:01 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? It already happened in late 2015. Right now this MMM ponzi has no effect and will not have an effect anymore. It's done. Right now it's purely the block halving that people are focusing on. How'd you know that it will not affect btc anymore? MMM uses bitcoin when it comes to their transactions Title: Re: MMM affect bitcoin price Post by: The Sceptical Chymist on March 14, 2016, 11:10:23 PM Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse.
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 14, 2016, 11:25:57 PM Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse. They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember. The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin. Title: Re: MMM affect bitcoin price Post by: gentlemand on March 14, 2016, 11:31:59 PM Totally depends on where such coins are being bought and sold. I read recently that South African localbitcoins volume has gone mad. That's blatantly MMM. That also has little effect on overall values as localbitcoins isn't a relevant exchange. Other big countries include the Philippines. Again, there's no exchange that counts there.
Title: Re: MMM affect bitcoin price Post by: coinzat on March 14, 2016, 11:45:30 PM can anyone tell me what is MMM and what is the relation between it and btc ? because I still did not get what it is so far even after reading the previous posts !
Title: Re: MMM affect bitcoin price Post by: richardsNY on March 14, 2016, 11:49:21 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? It already happened in late 2015. Right now this MMM ponzi has no effect and will not have an effect anymore. It's done. Right now it's purely the block halving that people are focusing on. How'd you know that it will not affect btc anymore? MMM uses bitcoin when it comes to their transactions The majority (if not all of the coins) that were in the hands of the MMM victims back in 2015, are already sold which caused the price to tank significantly after reaching the $500 price level. The ponzi right now only operates in other (not important) parts of the world, but it doesn't even make a dent in the current exchange price. It's too minor. Title: Re: MMM affect bitcoin price Post by: gentlemand on March 14, 2016, 11:53:20 PM can anyone tell me what is MMM and what is the relation between it and btc ? because I still did not get what it is so far even after reading the previous posts ! A 'financial help' network founded by this guy https://en.wikipedia.org/wiki/Sergei_Mavrodi who is a serial and convicted scammer. He switched to Bitcoin because it can't be shut down. Title: Re: MMM affect bitcoin price Post by: nostal02 on March 15, 2016, 06:54:43 AM MMM is a fucking scam, a MLM company that offers incentives to user that helps other user on your downline.
They only get money if theres a new depositor but if theres not then you wont get paid. Title: Re: MMM affect bitcoin price Post by: romero121 on March 15, 2016, 07:57:37 AM MMM is a fucking scam, a MLM company that offers incentives to user that helps other user on your downline. They only get money if theres a new depositor but if theres not then you wont get paid. Its a scam. Most people had lost a huge amount. So the MMM doesn't have a impact over the price of our technology development. In MMM only few have succeeded making others fool. Title: Re: MMM affect bitcoin price Post by: pooya87 on March 15, 2016, 08:18:46 AM scammers can not have any significant effect on bitcoin price no matter how big it is. if the scam is huge (like running the pyramid scheme in africa) it is just going to create a temporary demand volume (which will raise the price BTW) and it is going to wear off after the scam became clear, in which case everything is back to normal again.
Title: Re: MMM affect bitcoin price Post by: DaddyMonsi on March 15, 2016, 08:25:34 AM nah they wont effect the price of Bitcoin anymore, their bubble already exploded last year and they are now more known as a scam for not paying those who deposited last December 2015 for their +50% money back for all deposits made through Dec 15 2015. They cant withdraw the profits and the capital. And now for them get a portion of their invested money, they need to sponsor (invite) someone who will invest as well. scam!
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 03:44:36 PM nah they wont effect the price of Bitcoin anymore, their bubble already exploded last year and they are now more known as a scam for not paying those who deposited last December 2015 for their +50% money back for all deposits made through Dec 15 2015. They cant withdraw the profits and the capital. And now for them get a portion of their invested money, they need to sponsor (invite) someone who will invest as well. scam! That's right. They freeze all the money of people deposited last dec. Fooling them they will guarantee 50% growth within month but then after that many excuses occur such us programming code, hacks, ddos attack and more. But then they can't cover the angry people that think they had been fooled Title: Re: MMM affect bitcoin price Post by: ~Bitcoin~ on March 15, 2016, 03:56:46 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? no you are not right now, price of bitcoin is not depended upon MMM ponzis.Title: Re: MMM affect bitcoin price Post by: hasiramasenju on March 15, 2016, 04:03:01 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? actually i was never know why MMM related with bitcoin prices but about your questions it could be true but possible to you are wrongTitle: Re: MMM affect bitcoin price Post by: jacee on March 15, 2016, 04:07:19 PM After what happened to MMM last holiday season which is back late 2015, I think they no longer have any effect on bitcoin. Their scam will eventually collapse an sooner now and afaik most of their users had already left and dump their coins to get their fiat or atleast join another scam. :D
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 04:13:20 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? no you are not right now, price of bitcoin is not depended upon MMM ponzis.I questioned it because MMM is a bigtime ponzi scheme. It has so many branches all over the world and many participants especially in Russia and China. Title: Re: MMM affect bitcoin price Post by: DaddyMonsi on March 15, 2016, 04:18:45 PM After what happened to MMM last holiday season which is back late 2015, I think they no longer have any effect on bitcoin. Their scam will eventually collapse an sooner now and afaik most of their users had already left and dump their coins to get their fiat or atleast join another scam. :D The big investors are the one who earns because they are the one who gets prioritized once their investment matures and ready to be withdrawn. If you look at their Facebook group page, its like they are just making a fool of themselves.Title: Re: MMM affect bitcoin price Post by: The Sceptical Chymist on March 15, 2016, 04:26:20 PM Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse. They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember. The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin. Title: Re: MMM affect bitcoin price Post by: DaddyMonsi on March 15, 2016, 04:37:02 PM Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse. They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember. The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin. Title: Re: MMM affect bitcoin price Post by: JustDie on March 15, 2016, 04:59:18 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? MMM and bitcoin is different ,, MMM is like investing also can be scam Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 05:17:50 PM Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse. They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember. The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin. Mavrodi is a well known scammer all over the world. He runs this MMM since 1989 and collapse last 1997. All the victims left none with billion of russian money disappeared, many people also commited suicide because of depression. He also run for president in russia and almost win. His motive on creating this system is to destroy banking system all over the world. He hate bank so much I forgot the reason why. After 10years of hiding mavrodi show up again to build MMM. The reason MMM is very well known Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 05:19:25 PM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? MMM and bitcoin is different ,, MMM is like investing also can be scam I know, but what I'm talking about is the price of bitcoin, MMM uses bitcoin currency, if many people leave MMM that would be a decrease of bitcoin demand. Because this people will convert there virtual money to a money Title: Re: MMM affect bitcoin price Post by: tmfp on March 15, 2016, 05:32:59 PM MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively.
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence. https://bitcointalk.org/index.php?topic=1382615.0 There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves. If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets? Single figures? Title: Re: MMM affect bitcoin price Post by: maokoto on March 15, 2016, 05:36:54 PM Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC :-\
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 05:48:48 PM MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively. In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence. https://bitcointalk.org/index.php?topic=1382615.0 There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves. If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets? Single figures? Finally! a user that know how MMM and what MMM really is. You're right, if we're going to observe MMMglobal most of the transaction are thousands of dollar. You can barely see people having transaction that is atleast 1,000usd. Title: Re: MMM affect bitcoin price Post by: LMGTFY on March 15, 2016, 05:58:45 PM MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively. In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence. https://bitcointalk.org/index.php?topic=1382615.0 There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves. If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets? Single figures? Fiat's probably not quite as bad but some fiat pushers owe their survival to dirty money: (http://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs) Quote At the height of the 2008 banking crisis, Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were "the only liquid investment capital" available to banks on the brink of collapse. "Inter-bank loans were funded by money that originated from the drugs trade," he said. "There were signs that some banks were rescued that way." I'm in two minds about MMM - yes, it's obviously a scam, the founder has served time in jail as a result, but if it draws people to Bitcoin, that's great (I just hope they don't associate BTC with MMM too strongly). I doubt all MMM participants would sell their BTC at the same time, so I doubt there'll be too much of a downside (for us). (I'm also pretty sceptical about MMM having much to do with the rise last year - MMM has been growing steadily for some time, it didn't suddenly explode into life in late 2015). Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 06:11:35 PM It's suddenly spread last 2015. It opens different branches all-over the world. This are the countries, every country you choose here has different domain associated specifically in area where you choose it http://screencast.com/t/FKVhVluX
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 06:20:53 PM Here's the lsit of MMM branches (Note: Mavrodi founded this MMM with bitcoin currency last 2014 of Nov and this shows how fast MMM spread worldwide.)
http://mmmglobal.org/ global (has the most high value transaction like thousand and million of dollars) http://argentina-mmm.net/ http://australia-mmm.net/ http://bangladeshmmm.com/ http://brazil-mmm.net/ Brazil http://cambodia-mmm.net/ http://china-mmm.net/ (one of the biggest investor coming from, most of them go to global) http://colombia-mmm.net/ http://ea-mmm.net/ (east africa) http://hongkong-mmm.net/ http://mmmindia.in/ http://indonesia-mmm.net/ http://japan-mmm.net/ http://korea-mmm.net/ http://kuwait-mmm.net/ http://malaysia-mmm.net/ http://mexico-mmm.net/ http://peru-mmm.net/ http://philippines-mmm.net/ http://singapore-mmm.net/ http://rsa-mmm.co/ (South africa) http://thailand-mmm.net/ http://turkey-mmm.net/ http://usa-mmm.net/ http://venezuela-mmm.net/ http://vietnam-mmm.net/ http://mmm.systems/ (social financial network, I don't know this area) I think this is the latest country he founded MMM http://www.iol.co.za/news/crime-courts/russian-fraudster-hits-s-africans-1911289 Title: Re: MMM affect bitcoin price Post by: tmfp on March 15, 2016, 06:26:30 PM And also now MMMUniverse, which develops the concept of Mavrocoin 'mining', extends the referral system into a sort of conventional matrix and pays 100% in 20 days.
Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again. https://mmmuniverse.help/what_is_mmm/index.html Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 06:32:44 PM And also now MMMUniverse, which develops the concept of Mavrocoin 'mining', extends the referral system into a sort of conventional matrix and pays 100% in 20 days. Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again. https://mmmuniverse.help/what_is_mmm/index.html I think MMMuniverse is not founded by Mavrodi. Many people try to copy MMM without the founder know it. more like to scam other people that uses ponzi(mmm) that scams ignorant people. Title: Re: MMM affect bitcoin price Post by: Coinnosaurus on March 15, 2016, 06:51:28 PM I don't think this may affect bitcoin price, yes someone might invest/cash out in bitcoin but the majority would use more easier way to deposit/withdraw funds.
Title: Re: MMM affect bitcoin price Post by: tmfp on March 15, 2016, 06:55:50 PM And also now MMMUniverse, which develops the concept of Mavrocoin 'mining', extends the referral system into a sort of conventional matrix and pays 100% in 20 days. Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again. https://mmmuniverse.help/what_is_mmm/index.html I think MMMuniverse is not founded by Mavrodi. Many people try to copy MMM without the founder know it. more like to scam other people that uses ponzi(mmm) that scams ignorant people. It's a pretty good copy if it is. Have you visited that link? Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites. With this sort of money flying about, we're talking big style M*fia. I don't think this may affect bitcoin price, yes someone might invest/cash out in bitcoin but the majority would use more easier way to deposit/withdraw funds. As has been said above, if you haven't got a Bitcoin wallet, you can't play at Global. Also, local banks e.g Capitec SA, are getting presumably regulatory pressure to refuse fiat transfers if MMM is suspected, forcing more and more to use Bitcoin. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 07:24:41 PM Quote It's a pretty good copy if it is. Have you visited that link? Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites. With this sort of money flying about, we're talking big style M*fia. I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly Title: Re: MMM affect bitcoin price Post by: tmfp on March 15, 2016, 07:38:56 PM Quote It's a pretty good copy if it is. Have you visited that link? Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites. With this sort of money flying about, we're talking big style M*fia. I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly This is tied in with the "mining" https://i.imgur.com/WUilbb8.png Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 08:03:59 PM Quote It's a pretty good copy if it is. Have you visited that link? Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites. With this sort of money flying about, we're talking big style M*fia. I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly This is tied in with the "mining" https://i.imgur.com/WUilbb8.png That's not how it works and the 100% is not mining, it is called MMM Extra This is how 100% monthly works http://screencast.com/t/xuYKFbP2 http://screencast.com/t/e3qloTnTghHt http://screencast.com/t/QWxYQ7d8 Title: Re: MMM affect bitcoin price Post by: tmfp on March 15, 2016, 08:26:57 PM Yes, I know.
In the context of this thread, the point I was trying to get across is that MMM is morphing into something more and more interlinked with Bitcoin. Universe is as "legit" as the other versions and seems to indicate the way this huge scam is changing. Title: Re: MMM affect bitcoin price Post by: ingiltere on March 15, 2016, 08:36:50 PM MMM has no to very little effect to Bitcoin price. The only thing which is affected here would be MMM users. It doesn't involve Bitcoin community so I don't see any reason to discuss this ponzi scheme here. It's their choice to give money to ponzi promoters, I don't blame ignorant people.
Title: Re: MMM affect bitcoin price Post by: tmfp on March 15, 2016, 08:55:37 PM It doesn't involve Bitcoin community so I don't see any reason to discuss this ponzi scheme here. That's the reason it should be. The "Bitcoin community" can talk and talk around in circles about blocks and other clever stuff, but their precious coin is actually being used in considerable volume by these "non community" people. Ignore it at your peril. Title: Re: MMM affect bitcoin price Post by: Olaf on March 15, 2016, 09:00:59 PM Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC :-\ You act like bitcoin isnt used for these things at all lol. Come on man, theres always been a dark market for bitcoin at its birth, ever since the whole dark markets been created like silkroad way back in 2012 or younger. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 15, 2016, 09:18:49 PM MMM has no to very little effect to Bitcoin price. The only thing which is affected here would be MMM users. It doesn't involve Bitcoin community so I don't see any reason to discuss this ponzi scheme here. It's their choice to give money to ponzi promoters, I don't blame ignorant people. You don't see how it affect the prices? Okay, try to imagine all those black markets and all those ponzis that uses bitcoin is washed out, what do you think will be the price of bitcoin? Probably the demand on bitcoin will surely dump the value of it. Title: Re: MMM affect bitcoin price Post by: The Sceptical Chymist on March 16, 2016, 02:00:49 AM Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC :-\ Yes that's true, but there are tons of Ponzis running right on this forum. Bitcoin makes scams very convenient but I don't think btc's reputation should be tarnished in any way. Cash is used for bad purposes as well, and more often, and for much longer than bitcoin.Title: Re: MMM affect bitcoin price Post by: trenchflaint on March 16, 2016, 06:40:14 AM Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC :-\ Yes that's true, but there are tons of Ponzis running right on this forum. Bitcoin makes scams very convenient but I don't think btc's reputation should be tarnished in any way. Cash is used for bad purposes as well, and more often, and for much longer than bitcoin.Yup we cant let just say bitcoin is used for scam,all currency has been used for scam in the first place. And that mmm is just pure scam they just used bitcoin to escalate even further about its scam. Title: Re: MMM affect bitcoin price Post by: nydiacaskey01 on March 16, 2016, 06:52:27 AM Try to join the Facebook groups of MMM and youll see how much BTC is changing hands on a daily basis as they tend to post their investment in Facebook hoping that their investment will be noticed by the ones who wants to withdraw their investment.
Title: Re: MMM affect bitcoin price Post by: alisafidel58 on March 16, 2016, 08:53:32 AM Try to join the Facebook groups of MMM and youll see how much BTC is changing hands on a daily basis as they tend to post their investment in Facebook hoping that their investment will be noticed by the ones who wants to withdraw their investment. Thats just part of the scheme the fact that they cant withdraw it since theres no new deposit coming in to their scam. Hopefully no one will ever deposit in that scam. Title: Re: MMM affect bitcoin price Post by: 1Referee on March 16, 2016, 08:57:25 AM Try to join the Facebook groups of MMM and youll see how much BTC is changing hands on a daily basis as they tend to post their investment in Facebook hoping that their investment will be noticed by the ones who wants to withdraw their investment. Don't believe anything from what these guys are spreading on their social media profiles. All is done to attract new with greed filled noobs. Title: Re: MMM affect bitcoin price Post by: torontoluxuryhomes on March 16, 2016, 08:59:51 AM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? there a was a china ponzi that effectively affect price of LTC. But it's a different market, smaller size then btc, with 100$ dollars they buy 100 LTC. So you can understand that with 100$ you can buy only a fraction of btc that people could "generate" easily selling something ... Probably after crash of this ponzi we could see a good btc dump from "side investors" and from "owner" of this ponzi. Title: Re: MMM affect bitcoin price Post by: armansolis593 on March 16, 2016, 09:13:16 AM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? there a was a china ponzi that effectively affect price of LTC. But it's a different market, smaller size then btc, with 100$ dollars they buy 100 LTC. So you can understand that with 100$ you can buy only a fraction of btc that people could "generate" easily selling something ... Probably after crash of this ponzi we could see a good btc dump from "side investors" and from "owner" of this ponzi. Ponzi wont affect the price of bitcoin they are just greedy bastard that only want to get rich. They are getting ready to the coming of halving. Title: Re: MMM affect bitcoin price Post by: BTCLovingDude on March 16, 2016, 09:19:14 AM I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think? there a was a china ponzi that effectively affect price of LTC. But it's a different market, smaller size then btc, with 100$ dollars they buy 100 LTC. So you can understand that with 100$ you can buy only a fraction of btc that people could "generate" easily selling something ... Probably after crash of this ponzi we could see a good btc dump from "side investors" and from "owner" of this ponzi. yeah, i agree. any effect these ponzi schemes or any other type of scams can have on bitcoin price is very small in comparison to total bitcoin market cap. especially since these scams are mostly affecting people with no money and high hopes, so they will invest small amounts because they are poor mostly. Title: Re: MMM affect bitcoin price Post by: tmfp on March 16, 2016, 11:52:19 AM Title: Re: MMM affect bitcoin price Post by: BitcoinHodler on March 16, 2016, 11:55:59 AM scams are everywhere, not only in bitcoin and their being is not harming the currency they use for their evil doing.
Title: Re: MMM affect bitcoin price Post by: LMGTFY on March 16, 2016, 12:02:38 PM Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards? (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-12-15zeg2016-03-16ztgSzl) Title: Re: MMM affect bitcoin price Post by: tmfp on March 16, 2016, 12:14:29 PM Everyone's getting very defensive/protective about their beloved Bitcoin.
How about addressing the OP's point with a bit of logic? FACT: MMMGlobal users must use Bitcoin in order to participate. FACT: There are hundreds of thousands of them, if not millions, worldwide. FACT: In the main, they appear to have no previous history of interest in Bitcoin. FACT: The popularity of MMMGlobal has increased considerably since October 15. FACT: The Bitcoin price has increased considerably since October 15. Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards? (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-12-15zeg2016-03-16ztgSzl) I'm not claiming to have all the answers, but the timeline suggests that the November spike could have been Chinese MMMGlobal inspired and the drop correlating with MMMChina freezing and bitcoin being pulled out of Global as well. The continuation of the rise after the pullback could be inspired by the take up of Global in other countries, mainly Asia and South Africa. Title: Re: MMM affect bitcoin price Post by: LMGTFY on March 16, 2016, 12:38:22 PM Everyone's getting very defensive/protective about their beloved Bitcoin. How about addressing the OP's point with a bit of logic? FACT: MMMGlobal users must use Bitcoin in order to participate. FACT: There are hundreds of thousands of them, if not millions, worldwide. FACT: In the main, they appear to have no previous history of interest in Bitcoin. FACT: The popularity of MMMGlobal has increased considerably since October 15. FACT: The Bitcoin price has increased considerably since October 15. Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards? (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-12-15zeg2016-03-16ztgSzl) I'm not claiming to have all the answers, but the timeline suggests that the November spike could have been Chinese MMMGlobal inspired and the drop correlating with MMMChina freezing and bitcoin being pulled out of Global as well. The continuation of the rise after the pullback could be inspired by the take up of Global in other countries, mainly Asia and South Africa. I don't disagree with any of the "FACTs" (though I'd note that the considerable rise in BTC price was limited to October/November - since November it's been mostly sideways with decreasing volatility), I just don't think MMM is as big a factor as it might at first appear. Not that long ago Silk Road was able to affect price dramatically, because it was (a) huge, and (b) effectively a monopoly. When SR closed its doors, BTC went down. Since then, a number of new Silk Roads have sprung up, and untold number of new ponzis, cloud-mining scams, HYIPs, etc. When MMM collapses I doubt it'll have nearly the same impact on BTC as when SR was closed, because there will remain a number of alternatives still active: MMM could well be bigger than SR, but proportionately it's smaller - it's just one player in what's become a much bigger game. Title: Re: MMM affect bitcoin price Post by: lottery248 on March 16, 2016, 12:46:14 PM do not ever get affected by MMM, that ponzi company is bumping the bitcoin price, but when it collapses, it will pull the price of bitcoin down due to the panic sell for the people who are safe from the collapse. MMM is not helpful to the bitcoin at all.
Title: Re: MMM affect bitcoin price Post by: RoommateAgreement on March 16, 2016, 01:10:17 PM what is the scale of this chart? the left chart is cut! Title: Re: MMM affect bitcoin price Post by: LMGTFY on March 16, 2016, 01:14:25 PM Coincidence? https://i.imgur.com/RZQLJQQ.png what is the scale of this chart? the left chart is cut! The line below the arrow is about $250, the line at the peak is $500. (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-08-11zeg2016-03-16ztgSzl) Title: Re: MMM affect bitcoin price Post by: RoommateAgreement on March 16, 2016, 01:30:06 PM The line below the arrow is about $250, the line at the peak is $500. (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-08-11zeg2016-03-16ztgSzl) thanks for the link. so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume that doesn't sound right to me. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 16, 2016, 03:15:37 PM The line below the arrow is about $250, the line at the peak is $500. (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-08-11zeg2016-03-16ztgSzl) thanks for the link. so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume that doesn't sound right to me. MMMglobal transact million of dollar in depositing and withdrawng money via bitcoin. From this area you know that it affect the bitcoin value becuase we're talking about "Million" Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 16, 2016, 03:20:31 PM Everyone's getting very defensive/protective about their beloved Bitcoin. How about addressing the OP's point with a bit of logic? FACT: MMMGlobal users must use Bitcoin in order to participate. FACT: There are hundreds of thousands of them, if not millions, worldwide. FACT: In the main, they appear to have no previous history of interest in Bitcoin. FACT: The popularity of MMMGlobal has increased considerably since October 15. FACT: The Bitcoin price has increased considerably since October 15. Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards? (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-12-15zeg2016-03-16ztgSzl) I'm not claiming to have all the answers, but the timeline suggests that the November spike could have been Chinese MMMGlobal inspired and the drop correlating with MMMChina freezing and bitcoin being pulled out of Global as well. The continuation of the rise after the pullback could be inspired by the take up of Global in other countries, mainly Asia and South Africa. That's right the drop of bitcoin value in december is related with MMMChina, there are rumors that there account will be frozen that's also the reason why many chinese withdrawed their invesment in MMMchina. Check this out, the rumor begun in november and by december it actually made the MMMChina "restart" a program which make their investment to "0" http://cointelegraph.com/news/russia-warns-about-mmm-collapse-in-china Title: Re: MMM affect bitcoin price Post by: romero121 on March 16, 2016, 04:24:35 PM MMM is a fucking scam which has cheated most of the users. I don't think such a useless scheme has some impact on bitcoin price.
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 16, 2016, 04:28:37 PM MMM is a fucking scam which has cheated most of the users. I don't think such a useless scheme has some impact on bitcoin price. Even useless or scam or many people fooled this MMM. If many people(more like million of them) still participate in this kind of system it still affect the price of bitcoin because the very currency MMM use is bitcoin. Title: Re: MMM affect bitcoin price Post by: alisafidel58 on March 17, 2016, 10:27:09 AM MMM is a fucking scam which has cheated most of the users. I don't think such a useless scheme has some impact on bitcoin price. Even useless or scam or many people fooled this MMM. If many people(more like million of them) still participate in this kind of system it still affect the price of bitcoin because the very currency MMM use is bitcoin. Seems like a good point,the demand for bitcoin will be higher and the price might get high also. But still it cant be guaranteed because mostly people who are in bitcoin are in tradings. Title: Re: MMM affect bitcoin price Post by: Hunyadi on March 17, 2016, 11:53:40 AM I thought MMM stopped operations last year. Is it still running?
Title: Re: MMM affect bitcoin price Post by: tmfp on March 17, 2016, 12:01:22 PM I thought MMM stopped operations last year. Is it still running? Very much so. Title: Re: MMM affect bitcoin price Post by: armansolis593 on March 17, 2016, 12:01:51 PM I thought MMM stopped operations last year. Is it still running? MMM is still up and running at most countries where people dont know that MMM is a scam. Even their website is still up and taking deposit from new participants. Title: Re: MMM affect bitcoin price Post by: nydiacaskey01 on March 17, 2016, 02:03:19 PM I thought MMM stopped operations last year. Is it still running? MMM is still up and running at most countries where people dont know that MMM is a scam. Even their website is still up and taking deposit from new participants. Title: Re: MMM affect bitcoin price Post by: BitMaxz on March 17, 2016, 02:25:30 PM MMM is a kind of ponzi and i think it can't affect the value of bitcoin right now but before year 2015 its help very much to promote bitcoin and to attract people to buy bitcoins here in our country they are start seminar here in every region.. thats why the price of bitcoin before is increasing fast..
Title: Re: MMM affect bitcoin price Post by: RoommateAgreement on March 17, 2016, 02:41:51 PM The line below the arrow is about $250, the line at the peak is $500. (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-08-11zeg2016-03-16ztgSzl) thanks for the link. so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume that doesn't sound right to me. MMMglobal transact million of dollar in depositing and withdrawng money via bitcoin. From this area you know that it affect the bitcoin value becuase we're talking about "Million" this is getting interesting. can you give some more detailed information. i am looking for numbers with reference if at all possible? Title: Re: MMM affect bitcoin price Post by: tmfp on March 17, 2016, 03:10:55 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings.
Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 17, 2016, 03:33:29 PM The line below the arrow is about $250, the line at the peak is $500. (http://bitcoincharts.com/charts/coinbaseUSD#rg2zczsg2015-08-11zeg2016-03-16ztgSzl) thanks for the link. so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume that doesn't sound right to me. MMMglobal transact million of dollar in depositing and withdrawng money via bitcoin. From this area you know that it affect the bitcoin value becuase we're talking about "Million" this is getting interesting. can you give some more detailed information. i am looking for numbers with reference if at all possible? I can't give a concrete statistics on how many participants MMM have, but I gave links about the branches they have and by this conclusion I assume that many people participate MMM because you're not going to open a branch if you know that it's not in demand. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 17, 2016, 03:34:48 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings. Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out Title: Re: MMM affect bitcoin price Post by: tmfp on March 17, 2016, 04:31:30 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings. Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out Yeah, stuff like this interests me from a psychological angle. I have been following the progress of Mr. Mavrodi for a while, a very clever man. Crazy, but clever. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 17, 2016, 04:49:55 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings. Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out Yeah, stuff like this interests me from a psychological angle. I have been following the progress of Mr. Mavrodi for a while, a very clever man. Crazy, but clever. I like the ideology of Mavrodi, to destroy the banking system because for me, bank should not have a "fee" with your own money. We should never have a middleman in all process we do. Middlemen are so annoying and cause of evil. Government (Middleman to money budget that departments need), religion (Middleman of god and people, although I'm an atheist) . For me, middleman should not exist. Title: Re: MMM affect bitcoin price Post by: haileysantos95 on March 17, 2016, 05:06:54 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings. Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out Yeah, stuff like this interests me from a psychological angle. I have been following the progress of Mr. Mavrodi for a while, a very clever man. Crazy, but clever. I like the ideology of Mavrodi, to destroy the banking system because for me, bank should not have a "fee" with your own money. We should never have a middleman in all process we do. Middlemen are so annoying and cause of evil. Government (Middleman to money budget that departments need), religion (Middleman of god and people, although I'm an atheist) . For me, middleman should not exist. Actually thats ideology came from satoshi,He just adapted it to his scam,he got jailed in russia and when he came out bitcoin is in the market and he uses it so that he can reach the other side of the globe. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 17, 2016, 05:53:56 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings. Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out Yeah, stuff like this interests me from a psychological angle. I have been following the progress of Mr. Mavrodi for a while, a very clever man. Crazy, but clever. I like the ideology of Mavrodi, to destroy the banking system because for me, bank should not have a "fee" with your own money. We should never have a middleman in all process we do. Middlemen are so annoying and cause of evil. Government (Middleman to money budget that departments need), religion (Middleman of god and people, although I'm an atheist) . For me, middleman should not exist. Actually thats ideology came from satoshi,He just adapted it to his scam,he got jailed in russia and when he came out bitcoin is in the market and he uses it so that he can reach the other side of the globe. Bitcoin started 2008, MMM has been founded since 1990. I don't think so? Mavrodi is clever but he uses it to do evil things to achieve what he want(to destroy the banking system). Try to watch MMM movie. Then you'll see what happened in Russia that time when MMM is so famous Title: Re: MMM affect bitcoin price Post by: benmartin613 on March 17, 2016, 06:15:55 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings. Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out Yeah, stuff like this interests me from a psychological angle. I have been following the progress of Mr. Mavrodi for a while, a very clever man. Crazy, but clever. I like the ideology of Mavrodi, to destroy the banking system because for me, bank should not have a "fee" with your own money. We should never have a middleman in all process we do. Middlemen are so annoying and cause of evil. Government (Middleman to money budget that departments need), religion (Middleman of god and people, although I'm an atheist) . For me, middleman should not exist. Actually thats ideology came from satoshi,He just adapted it to his scam,he got jailed in russia and when he came out bitcoin is in the market and he uses it so that he can reach the other side of the globe. Bitcoin started 2008, MMM has been founded since 1990. I don't think so? Mavrodi is clever but he uses it to do evil things to achieve what he want(to destroy the banking system). Try to watch MMM movie. Then you'll see what happened in Russia that time when MMM is so famous Seems like the point to destory the banking system has its price to pay. I just hope that people will be wise enough to stop believing in MMM. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 17, 2016, 06:37:33 PM Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings. Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check. Do some searching, there's plenty of stuff out there. That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out Yeah, stuff like this interests me from a psychological angle. I have been following the progress of Mr. Mavrodi for a while, a very clever man. Crazy, but clever. I like the ideology of Mavrodi, to destroy the banking system because for me, bank should not have a "fee" with your own money. We should never have a middleman in all process we do. Middlemen are so annoying and cause of evil. Government (Middleman to money budget that departments need), religion (Middleman of god and people, although I'm an atheist) . For me, middleman should not exist. Actually thats ideology came from satoshi,He just adapted it to his scam,he got jailed in russia and when he came out bitcoin is in the market and he uses it so that he can reach the other side of the globe. Bitcoin started 2008, MMM has been founded since 1990. I don't think so? Mavrodi is clever but he uses it to do evil things to achieve what he want(to destroy the banking system). Try to watch MMM movie. Then you'll see what happened in Russia that time when MMM is so famous Seems like the point to destory the banking system has its price to pay. I just hope that people will be wise enough to stop believing in MMM. Most people that believe in MMM is either ignorant(in the true function of how MMM works) or brainwashed that they tend to believe all Mavrodi say is going to succeed. Mavrodi has been failed 3x on this type of scheme to destroy banking system. He almost succeed for the first attempt in Russia but most of his accompanions had been killed. I think you can't really encounter the flow of the system if you're alone that's disagreeing to it. Title: Re: MMM affect bitcoin price Post by: inca on March 17, 2016, 06:46:19 PM MMM has no effect on the bitcoin price.
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 17, 2016, 06:47:37 PM MMM has no effect on the bitcoin price. May I know your opinion why? Title: Re: MMM affect bitcoin price Post by: torontoluxuryhomes on March 20, 2016, 06:05:47 PM MMM has no effect on the bitcoin price. May I know your opinion why? Maybe because ... It's a "too" big market to get effect from a ponzi site.... Title: Re: MMM affect bitcoin price Post by: tmfp on March 20, 2016, 06:14:45 PM MMM has no effect on the bitcoin price. May I know your opinion why? Maybe because ... It's a "too" big market to get effect from a ponzi site.... Q: How big is the liquid Bitcoin market? A. Not as big as you think. Q. How big is MMM's use of Bitcoin? A. A lot bigger than you'd like to think..... Title: Re: MMM affect bitcoin price Post by: torontoluxuryhomes on March 20, 2016, 06:16:58 PM MMM has no effect on the bitcoin price. May I know your opinion why? Maybe because ... It's a "too" big market to get effect from a ponzi site.... Q: How big is the liquid Bitcoin market? A. Not as big as you think. Q. How big is MMM's use of Bitcoin? A. A lot bigger than you'd like to think..... Probably yes... your answer are correct.... but I think that a ponzi need to pay other people to survive.... so probably they don't have such enormous funds .... Title: Re: MMM affect bitcoin price Post by: tmfp on March 20, 2016, 06:32:34 PM MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10.....
So, say 20,000,000 people want to play, only Bitcoin allowed. IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped. Bitcoin's current market cap ~$6bn..... Title: Re: MMM affect bitcoin price Post by: torontoluxuryhomes on March 20, 2016, 06:56:47 PM MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10..... So, say 20,000,000 people want to play, only Bitcoin allowed. IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped. Bitcoin's current market cap ~$6bn..... 20 millions of :O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse. Title: Re: MMM affect bitcoin price Post by: dumbfbrankings on March 20, 2016, 08:43:28 PM Mystifying Mugs for Money... has a nice familiar ring to it.
Did more for Bitcoin price appreciation than MSFT ever did. Title: Re: MMM affect bitcoin price Post by: UngratefulTony on March 21, 2016, 09:17:58 PM People who have made more money with Bitcorn than we have... today.
https://www.youtube.com/results?q=MMM+pays&sp=EgIIAg%253D%253D >:( Title: Re: MMM affect bitcoin price Post by: tmfp on March 23, 2016, 09:19:48 AM MMMGlobal have just removed their $10,000 cap, it is now unlimited.
It may well signal the inevitable end of the system as it becomes less and less sustainable, but anyone who thinks that this amount of new fiat coming in has no effect on the Bitcoin price is mistaken imo. https://i.imgur.com/6cje5Mb.jpg Title: Re: MMM affect bitcoin price Post by: romero121 on March 23, 2016, 10:14:28 AM MMM can't be talked relating to bitcoin. MMM doesn't have a backing, its just a plan which gives earning based on investment. This will never have impact on our bitcoin's price.
Title: Re: MMM affect bitcoin price Post by: tmfp on March 23, 2016, 10:53:31 AM MMM can't be talked relating to bitcoin. MMM doesn't have a backing, its just a plan which gives earning based on investment. This will never have impact on our bitcoin's price. Take your nonsense Yobit spam and GTFO. Title: Re: MMM affect bitcoin price Post by: talkbitcoin on March 23, 2016, 11:14:03 AM MMM can't be talked relating to bitcoin. MMM doesn't have a backing, its just a plan which gives earning based on investment. This will never have impact on our bitcoin's price. read a couple of these pages, you will find some interesting stuff. but after all i agree that MMM might have had an effect on bitcoin price but the question is by how much? anything can have an effect on bitcoin price, anything that causes more people to buy bitcoin. but the effect is sometimes big like silk road and sometimes not. i think MMM's effect is not that big that can create any sort of concern. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 23, 2016, 03:15:29 PM MMM can't be talked relating to bitcoin. MMM doesn't have a backing, its just a plan which gives earning based on investment. This will never have impact on our bitcoin's price. read a couple of these pages, you will find some interesting stuff. but after all i agree that MMM might have had an effect on bitcoin price but the question is by how much? anything can have an effect on bitcoin price, anything that causes more people to buy bitcoin. but the effect is sometimes big like silk road and sometimes not. i think MMM's effect is not that big that can create any sort of concern. Just analyze how many people participating MMM and make a good calculation. If we btc community that uses bitcoin for legal things has population of 50 million. MMM has a participants of 25m. How did I get the conclusion? Read the previous pages and see how many branches MMM had. Title: Re: MMM affect bitcoin price Post by: DaddyMonsi on March 24, 2016, 12:52:07 AM MMM can't be talked relating to bitcoin. MMM doesn't have a backing, its just a plan which gives earning based on investment. This will never have impact on our bitcoin's price. MMM has an impact with Bitcoin price specially when greed starts to run in their mind. They have the numbers (members) and they take care of each other by helping one another (at least here in my country) and one strange thing that will make you scratch your head, they follow a russian guy that they have not met in person. They believe him. MMM here in my country is in crisis that how I see it because their investments last December cannot be withdrawn unless they invite a new member willing to invest as well and each new member invited will allow them to withdraw 10% of their investment last December. I dont have the exact figures of how much in total was invested but looking at the screenshots from their FB page 1 have an investment of up to 40k USD. Thats just for 1 person. Title: Re: MMM affect bitcoin price Post by: ingiltere on March 24, 2016, 02:13:29 AM MMM has no to very little effect to Bitcoin price. The only thing which is affected here would be MMM users. It doesn't involve Bitcoin community so I don't see any reason to discuss this ponzi scheme here. It's their choice to give money to ponzi promoters, I don't blame ignorant people. You don't see how it affect the prices? Okay, try to imagine all those black markets and all those ponzis that uses bitcoin is washed out, what do you think will be the price of bitcoin? Probably the demand on bitcoin will surely dump the value of it. It's not specifically mmm, there are lot of transactions Bitcoin related. People use it for anonymitiy, better than credit card payments etc. The more people use Bitcoin the higher price we see, that's not a secret. Title: Re: MMM affect bitcoin price Post by: vero on March 24, 2016, 05:59:58 PM MMM isn't affect to bitcoin, MMM is a ponzi scheme and in every countries MMM is use fiat money for every they transaction. i hope MMM collapse asap
Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 24, 2016, 07:27:04 PM MMM isn't affect to bitcoin, MMM is a ponzi scheme and in every countries MMM is use fiat money for every they transaction. i hope MMM collapse asap We all know MMM is a company with a ponzi strategy. Don't keep on repeating such word MMM uses fiat money? Don't post spam here. Read the pages of this thread before you post without having any conclusion. Title: Re: MMM affect bitcoin price Post by: Xember on March 31, 2016, 09:47:47 AM MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10..... So, say 20,000,000 people want to play, only Bitcoin allowed. IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped. Bitcoin's current market cap ~$6bn..... 20 millions of :O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse. I think there is fewer than 2 million MMM users. If it is 200 million, the bitcoin price will be more than 1000 billion. Title: Re: MMM affect bitcoin price Post by: Jmild1 on March 31, 2016, 11:59:14 PM MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10..... So, say 20,000,000 people want to play, only Bitcoin allowed. IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped. Bitcoin's current market cap ~$6bn..... 20 millions of :O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse. I think there is fewer than 2 million MMM users. If it is 200 million, the bitcoin price will be more than 1000 billion. 1000b? Statistics pls. or this is just a stupid over act reaction Title: Re: MMM affect uᴉoɔʇᴉq price Post by: Herbert2020 on April 01, 2016, 07:26:51 AM MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10..... So, say 20,000,000 people want to play, only Bitcoin allowed. IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped. Bitcoin's current market cap ~$6bn..... 20 millions of :O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse. I think there is fewer than 2 million MMM users. If it is 200 million, the bitcoin price will be more than 1000 billion. first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers. also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already. Title: Re: MMM affect uᴉoɔʇᴉq price Post by: haileysantos95 on April 01, 2016, 08:24:02 AM MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10..... So, say 20,000,000 people want to play, only uᴉoɔʇᴉq allowed. IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped. uᴉoɔʇᴉq's current market cap ~$6bn..... 20 millions of :O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse. I think there is fewer than 2 million MMM users. If it is 200 million, the uᴉoɔʇᴉq price will be more than 1000 billion. first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers. also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already. Yes this is right,scam web site doesnt really affect bitcoin price and only market players can affect so much on bitcoin prices. Title: Re: MMM affect uᴉoɔʇᴉq price Post by: tmfp on April 01, 2016, 08:45:43 AM first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers. also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already. Sure, because of the nature of Bitcoin most attempts to quantify or analyse usage is based on limited data. There is little doubt, if you do a bit of research and accept certain things at face value, that MMMGobal has a large user base. Also, MMM isn't your average two bit scam, it has a track record in fiat of massive numbers, is run by experienced admin and has had a new lease of life courtesy of bitcoin. You are guessing, just like we are, what the "runaway" number is. To just say "it's a scam" and ignore it as a driver behind Bitcoin use and its price is a bit short sighted imo. BTW, is 'bitcoin' reading upside down for you too? Must be April.... :D Title: Re: MMM affect uᴉoɔʇᴉq price Post by: Jmild1 on April 01, 2016, 06:10:38 PM first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers. also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already. Sure, because of the nature of uᴉoɔʇᴉq most attempts to quantify or analyse usage is based on limited data. There is little doubt, if you do a bit of research and accept certain things at face value, that MMMGobal has a large user base. Also, MMM isn't your average two bit scam, it has a track record in fiat of massive numbers, is run by experienced admin and has had a new lease of life courtesy of uᴉoɔʇᴉq. You are guessing, just like we are, what the "runaway" number is. To just say "it's a scam" and ignore it as a driver behind uᴉoɔʇᴉq use and its price is a bit short sighted imo. BTW, is 'uᴉoɔʇᴉq' reading upside down for you too? Must be April.... :D Tired of them giving lousy argument, everyone here only thginking MMM is just a little piece of shit scam without analyzing how big MMM is. Just give them a desrcriptive word that will draw on their mind how big MMM is. Maye they will realize. Title: Re: MMM affect uᴉoɔʇᴉq price Post by: tmfp on April 01, 2016, 08:31:32 PM Tired of them giving lousy argument, everyone here only thinking MMM is just a little piece of shit scam without analyzing how big MMM is. Just give them a descriptive word that will draw on their mind how big MMM is. Maybe they will realize. The idea of a scam possibly being a reason for bitcoin's popularity (and price) makes people uncomfortable. Let's try this...most functions of MMMGlobal are accessed thru mmmoffice.com, it's the log in page. In February 2016 it had 8,500,000 visits and is in the top 5000 visited sites in the world, according to SimilarWeb (https://www.similarweb.com/website/mmmoffice.com#overview) https://i.imgur.com/EY5Thoy.png Or, to put it another way, nearly twice the number of visits of our beloved centre of the BitUniverse (and mmmoffice.com has no signature campaign spammers)... ;) https://i.imgur.com/AYKcQKQ.png Title: Re: MMM affect bitcoin price Post by: tmfp on April 08, 2016, 09:34:25 AM Athough not directly related to this thread, MMM has gone into "freeze mode" pretty much everywhere. Sergei's stopped his weekly update vids too....
From "Andrew Globalsman", a Moscow based admin for South Africa Quote Many people from the different countries (Philippines, South Africa, Nigeria, Turkey, Brazil, etc) ask the same questions: “Why mavroz are not getting unfrozen after the realease date?” So, programmers said there is a delay in the work of the script and mavros are getting unfrozen with a few days delay. The more participants, the higher server load. Programmers are making adjustments. They launched more crons....and the queue for unfreezing should be processed it and the problem will be sorted out. We apologize for a glitch. But we will sort it out. MMM is our cause! ::) Title: Re: MMM affect bitcoin price Post by: nydiacaskey01 on April 08, 2016, 09:41:32 AM Athough not directly related to this thread, MMM has gone into "freeze mode" pretty much everywhere. Sergei's stopped his weekly update vids too.... From "Andrew Globalsman", a Moscow based admin for South Africa Quote Many people from the different countries (Philippines, South Africa, Nigeria, Turkey, Brazil, etc) ask the same questions: “Why mavroz are not getting unfrozen after the realease date?” So, programmers said there is a delay in the work of the script and mavros are getting unfrozen with a few days delay. The more participants, the higher server load. Programmers are making adjustments. They launched more crons....and the queue for unfreezing should be processed it and the problem will be sorted out. We apologize for a glitch. But we will sort it out. MMM is our cause! ::) That freeze mode is everywhere I guess. They even implemented a sponsor a new member and get 10% of old mavro unfrozen but guess what when anyone placed a get help request or withdrawal, it will take weeks before someone will be assigned to Help you or fund your Get Help request. MMM members are truly brain washed. Title: Re: MMM affect bitcoin price Post by: Jmild1 on April 08, 2016, 02:57:19 PM Athough not directly related to this thread, MMM has gone into "freeze mode" pretty much everywhere. Sergei's stopped his weekly update vids too.... From "Andrew Globalsman", a Moscow based admin for South Africa Quote Many people from the different countries (Philippines, South Africa, Nigeria, Turkey, Brazil, etc) ask the same questions: “Why mavroz are not getting unfrozen after the realease date?” So, programmers said there is a delay in the work of the script and mavros are getting unfrozen with a few days delay. The more participants, the higher server load. Programmers are making adjustments. They launched more crons....and the queue for unfreezing should be processed it and the problem will be sorted out. We apologize for a glitch. But we will sort it out. MMM is our cause! ::) His last vid says he will give video if there's necessary a news. https://www.youtube.com/watch?v=6zORQDKxwQU Title: Re: MMM affect bitcoin price Post by: tmfp on April 08, 2016, 07:40:55 PM Quote Dear participants! We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed. We turned out not to able to pay 100% per month. We can easily pay 30% per month (and we proved it in practice in many countries), but 100% is too much even for us. That’s why the RB will be closed down. All the participants’ RB-Mavro are transferred to the MMM-structure of the countries which the participants come from. If there is no MMM-structure working in this country, it will be created within two weeks from the date of this announcement. All RB-Mavro will be demonstrated as “old” Mavro in PO. Any operations with them are impossible. Gradually, as your country will be developing, they will be paid back. 10% of the total input of the system will be spent on repaying “old” Mavro. This practice has already been tested in many countries and proved that it works. It usually takes a half a year to pay back old” Mavro. This news is not very pleasant but there is nothing that can be done about it. It”s not the end of the world. We just have to wait a bit. We hope for understanding, Administration Title: Re: MMM affect bitcoin price Post by: Jmild1 on April 08, 2016, 08:40:55 PM Quote Dear participants! We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed. We turned out not to able to pay 100% per month. We can easily pay 30% per month (and we proved it in practice in many countries), but 100% is too much even for us. That’s why the RB will be closed down. All the participants’ RB-Mavro are transferred to the MMM-structure of the countries which the participants come from. If there is no MMM-structure working in this country, it will be created within two weeks from the date of this announcement. All RB-Mavro will be demonstrated as “old” Mavro in PO. Any operations with them are impossible. Gradually, as your country will be developing, they will be paid back. 10% of the total input of the system will be spent on repaying “old” Mavro. This practice has already been tested in many countries and proved that it works. It usually takes a half a year to pay back old” Mavro. This news is not very pleasant but there is nothing that can be done about it. It”s not the end of the world. We just have to wait a bit. We hope for understanding, Administration Woah, may I know where you get that source? Title: Re: MMM affect bitcoin price Post by: tmfp on April 08, 2016, 10:19:00 PM https://www.youtube.com/watch?v=CO-bqhzkv9E
Title: Re: MMM affect bitcoin price Post by: UngratefulTony on April 09, 2016, 02:59:23 AM Does anyone recall what the BTC price was... when MMM Republic of Bitcoin™ first fired up?
Title: Re: MMM affect bitcoin price Post by: Denker on April 09, 2016, 09:10:56 AM So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far.
Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it. Bitcoin will survive it and the impact imo will not be that big as some here predicted. Title: Re: MMM affect bitcoin price Post by: tmfp on April 09, 2016, 09:36:32 AM Does anyone recall what the BTC price was... when MMM Republic of Bitcoin™ first fired up? MMMGlobal and associated sites actually registered in 2014. Tracking its growth is difficult but see the graphs I have posted here. It could be inferred that the late 2015 rise in price and popularity of MMMGlobal were similar, so in answer to your question, maybe ~$250 when Global really got going. So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far. Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it. Bitcoin will survive it and the impact imo will not be that big as some here predicted. All that's happened is a quantity of Bitcoin has changed ownership, from scammed to scammers. It doesn't mean that whoever is behind MMM will immediately cash out into fiat. Why should they? Title: Re: MMM affect bitcoin price Post by: Denker on April 09, 2016, 04:58:26 PM Does anyone recall what the BTC price was... when MMM Republic of Bitcoin™ first fired up? MMMGlobal and associated sites actually registered in 2014. Tracking its growth is difficult but see the graphs I have posted here. It could be inferred that the late 2015 rise in price and popularity of MMMGlobal were similar, so in answer to your question, maybe ~$250 when Global really got going. So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far. Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it. Bitcoin will survive it and the impact imo will not be that big as some here predicted. All that's happened is a quantity of Bitcoin has changed ownership, from scammed to scammers. It doesn't mean that whoever is behind MMM will immediately cash out into fiat. Why should they? Don't know.Could be several reasons. Maybe the scammers on top only saw Bitcoin as a tool as you said and prefers to have fiat.Or he finds some realtor who accepts Bitcoin for a new villa.Or a dealer who accepts it for vintage cars.And realtors and dealers would convert back to fiat.I'm just making some pure wild maybe dumb guesses here. To be honest I don't care.And if they hold Bitcoin for whatever reason that's fine to me as well. I just feel sorry for the naive people who were fallen for that sh**!Except the greedy ones.They got what they deserve. Title: Re: MMM affect bitcoin price Post by: vero on April 09, 2016, 09:22:31 PM Does anyone recall what the BTC price was... when MMM Republic of Bitcoin™ first fired up? MMMGlobal and associated sites actually registered in 2014. Tracking its growth is difficult but see the graphs I have posted here. It could be inferred that the late 2015 rise in price and popularity of MMMGlobal were similar, so in answer to your question, maybe ~$250 when Global really got going. So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far. Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it. Bitcoin will survive it and the impact imo will not be that big as some here predicted. All that's happened is a quantity of Bitcoin has changed ownership, from scammed to scammers. It doesn't mean that whoever is behind MMM will immediately cash out into fiat. Why should they? Don't know.Could be several reasons. Maybe the scammers on top only saw Bitcoin as a tool as you said and prefers to have fiat.Or he finds some realtor who accepts Bitcoin for a new villa.Or a dealer who accepts it for vintage cars.And realtors and dealers would convert back to fiat.I'm just making some pure wild maybe dumb guesses here. To be honest I don't care.And if they hold Bitcoin for whatever reason that's fine to me as well. I just feel sorry for the naive people who were fallen for that sh**!Except the greedy ones.They got what they deserve. Title: Re: MMM affect bitcoin price Post by: gentlemand on April 09, 2016, 11:31:15 PM I haven't been paying enough attention to figure out how this sexy Russian guy makes the money. What's the relationship between Mavros and coins? Is he sitting on a large pile or is evenly distributed between all the mugs?
Title: Re: MMM affect bitcoin price Post by: Herbert2020 on April 10, 2016, 08:34:21 AM Does anyone recall what the BTC price was... when MMM Republic of Bitcoin™ first fired up? MMMGlobal and associated sites actually registered in 2014. Tracking its growth is difficult but see the graphs I have posted here. It could be inferred that the late 2015 rise in price and popularity of MMMGlobal were similar, so in answer to your question, maybe ~$250 when Global really got going. So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far. Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it. Bitcoin will survive it and the impact imo will not be that big as some here predicted. All that's happened is a quantity of Bitcoin has changed ownership, from scammed to scammers. It doesn't mean that whoever is behind MMM will immediately cash out into fiat. Why should they? Don't know.Could be several reasons. Maybe the scammers on top only saw Bitcoin as a tool as you said and prefers to have fiat.Or he finds some realtor who accepts Bitcoin for a new villa.Or a dealer who accepts it for vintage cars.And realtors and dealers would convert back to fiat.I'm just making some pure wild maybe dumb guesses here. To be honest I don't care.And if they hold Bitcoin for whatever reason that's fine to me as well. I just feel sorry for the naive people who were fallen for that sh**!Except the greedy ones.They got what they deserve. every scam of this nature is bound to come to and end, they all have an expiration date, it is not about preferring fiat. in fact i think they prefer bitcoin much more than fiat because it is harder to follow bitcoin to the real owner and find the scammers. i am interested to see if it can affect the price of bitcoin at all! Title: Re: MMM affect bitcoin price Post by: zby on April 10, 2016, 11:41:07 AM I think that MMM was in a big part responsible for the run up to 500 last year - because the new MMM players were buying bitcoins to invest there. But the collapse of MMM is probably already priced in - because first the Chinese branch (which I assume to be the biggest one) already defaulted last year and second during course of the scam people or the Mavrodi accomplices were probably constantly caching out from mavrodis to BTC to cash balancing out the demand created by the new players.
Title: Re: MMM affect bitcoin price Post by: arseaboy on April 10, 2016, 11:48:16 AM this ponzi really affected bitcoin last year because many members bought the coin to joined the company, it reflects because we feel the fluctuation, but still I guess that's diff story already as many companies embrace bitcoin process for orders and payments I should say that the coin already established itself.
Title: Re: MMM affect bitcoin price Post by: Tzupy on April 10, 2016, 11:53:22 AM Title: Re: MMM affect bitcoin price Post by: Nahl on April 10, 2016, 03:23:15 PM I heard that MMM ponzi was shutting down few days ago but i guess MMM will not having any affect for bitcoin
because on these few days bitcoin prices look stable Title: Re: MMM affect bitcoin price Post by: Jmild1 on April 11, 2016, 04:37:38 PM I saw an announcement the other day that they removed MMM extra which will earn you 100% per month. They said that they can't afford such high reward and they did the same thing freezing investment in MMM extra section
Title: Re: MMM affect bitcoin price Post by: DaddyMonsi on April 12, 2016, 02:37:34 AM I heard that MMM ponzi was shutting down few days ago but i guess MMM will not having any affect for bitcoin They are not going to shut down "yet" they just removed the extra that makes their investment to reach 100% but as time goes by more and more MMM members are going impatient because of their Old Mavros that are still in Frozen status meaning they can't withdraw it yet.because on these few days bitcoin prices look stable I saw a post in their Facebook page that there will be a new account that will be generated for them but their downlines will not be transferred together with their new account. I still need to have this verified. Title: Re: MMM affect bitcoin price Post by: nostal02 on April 12, 2016, 02:42:53 AM I saw an announcement the other day that they removed MMM extra which will earn you 100% per month. They said that they can't afford such high reward and they did the same thing freezing investment in MMM extra section Yes this is true and they can only pay 30% per month and there are still a lot of people that have a frozen withdrawal because they dont have much money to pay their investor,MMM will die now and still wont affect bitcoin price. Title: Re: MMM affect bitcoin price Post by: tmfp on April 12, 2016, 05:23:06 PM Maybe something to do with MMMGlobal shut down and Mavrodi's very low profile since, most admins on social media seemed to be based in Russia. http://www.rapsinews.com/legislation_news/20160330/275727532.html Title: Re: MMM affect bitcoin price Post by: BitMaxz on April 12, 2016, 05:27:45 PM Honestly MMM helps promoting bitcoin why bitcoin price is increase to 400 to 500 last november 2015 because they are promoting for some countries like here in my country they are promoting bitcoin to use for their deal and transaction to invest peoples money.. to bitcoin.. honestly i am nearly to invest before but i found this forum and see that this is a kind of ponzi scheme and dont trust this site..
If ever this site or MMM will down or vanished it won't affect bitcoin price.. Title: Re: MMM affect bitcoin price Post by: Jmild1 on April 12, 2016, 07:28:19 PM Honestly MMM helps promoting bitcoin why bitcoin price is increase to 400 to 500 last november 2015 because they are promoting for some countries like here in my country they are promoting bitcoin to use for their deal and transaction to invest peoples money.. to bitcoin.. honestly i am nearly to invest before but i found this forum and see that this is a kind of ponzi scheme and dont trust this site.. If ever this site or MMM will down or vanished it won't affect bitcoin price.. I absolutely didn't get the idea why you said that it won't affect bitcoin once it collapsed. Title: Re: MMM affect bitcoin price Post by: Blitzboy on April 12, 2016, 09:04:51 PM MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm..
Title: Re: MMM affect bitcoin price Post by: torontoluxuryhomes on April 14, 2016, 09:00:03 AM https://www.cryptocoinsnews.com/mmm-global-closes-republic-of-bitcoin-an-alleged-ponzi-scheme/
they are a scam already or not? Title: Re: MMM affect bitcoin price Post by: iv4n on April 14, 2016, 09:34:34 AM MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm.. Haha but ponzi schemes didn't come from bitcoin, that existed before and will exist in the future. I don't think it will affect on bitcoin price, it will affect people who invested in that ponzi. There will always be people who believe in miracles and 110 % from doing nothing in 3 days so while there is a sheeps there will be someone to cut their hairs. Stupid people will think like that about bitcoin, smart people will know the truth because they saw that happened with dollars, rubles, and any other currency.. I hope people will be smarter in future, cause of that everywhere is written "inform your self before you invest your money". People who came here and saw all this comments will not invest in that kind of services. This one of the best places for something like that. Title: Re: MMM affect bitcoin price Post by: tmfp on April 14, 2016, 09:51:12 AM I hope people will be smarter in future Don't start holding your breath ;) It seems that in answer to the original question, MMM may have had some positive effect on the rise in BTC price late last year, as "The Republic of Bitcoin" attracted new users, a lot of them BTC virgins. Now that they have been scammed, or at least had their deposits frozen, it seems unlikely that there can be a mass dump of Bitcoins unless the scammers decide to do so. Converting a large sum of Bitcoin to fiat is not without its problems, especially as it is Russian based, given the Russian authorities attitude to Bitcoin and its newly passed Ponzi laws. Also, with the possibility of further price increases what better place to keep stolen money? Title: Re: MMM affect bitcoin price Post by: benmartin613 on April 14, 2016, 10:08:53 AM MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm.. There are only a few user of MMM and they dont affect much in bitcoin price because most users who are in bitcoin know that MMM is a scam. Title: Re: MMM affect bitcoin price Post by: tmfp on April 14, 2016, 10:21:24 AM MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm.. There are only a few user of MMM and they dont affect much in bitcoin price because most users who are in bitcoin know that MMM is a scam. How many users are there then? How many is a "few"? Numbers please. The whole point is that most MMMGlobal users are not "in bitcoin". I am resisting the temptation to tell you to take your Yobit spam elsewhere. |
