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Title: Big ponzi scheme pumps bitcoin. Post by: guy_wonderful on March 22, 2017, 01:45:00 AM A "MMM" Ponzi scheme- which once was a bigest ponzi scheme of the world of all times - probably pumps bitcoin. Im sorry, I do not have ability to write literary beautiful text at time. :P BUT. There is something that could be really interesting. A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India. Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there. (ABOUT MMM (https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company))) BTC price compared to ponzi popularity PHOTO (https://s4.postimg.org/cjah4k265/mt4_2_points.png) MMM is a keyword which is among most popular search words by google trends there. GOOGLE (https://trends.google.no/trends/explore?q=mmm) BITCOIN trends (https://trends.google.no/trends/explore?q=bitcoin) Population in Nigeria is a 173 million people. With average early salaries of $4000 MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA (http://www.alexa.com/topsites/countries/NG)) The creator of thiz ponzi is the same SERGEY MAVRODI who owned a world biggest ponzi based in Russia. Where they grew, attracted and then lost $10 billion of investors money, just in 9 months. Title: Re: Big ponzi scheme pumps bitcoin. Post by: Vaskiy on March 22, 2017, 02:12:05 AM A "MMM" Ponzi scheme- with once was a bigest ponzi scheme in the world of all times probably pumps bitcoin. Im sorry, I do not have ability to write literary beautiful text this time. :P BUT. There is something that could be really interesting. A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India. Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there. (ABOUT MMM (https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company))) BTC price compared to ponzi popularity. PHOTO (https://s4.postimg.org/cjah4k265/mt4_2_points.png) MMM is a keyword which is among most popular search words by google trends there. GOOGLE (https://trends.google.no/trends/explore?q=mmm) BITCOIN trends (https://trends.google.no/trends/explore?q=bitcoin) Population in Nigeria is 173 million people. With average early salaries of $4000 MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA (http://www.alexa.com/topsites/countries/NG)) The creator of thiz ponzi is the same SERGEY MAVRODI, which once owned a world biggest ponzi based in Russia. Where they grew, attracted and then lost $10 billions of investors money, just in 9 months. Long back itself the same news was found in our forum. The good thing with it is the popularity increase of bitcoin in the African country. Already the MMM is stated as an Ponzi and to retain the trust it came with the use of bitcoin as payment. As they planned it worked out attracting a big number of participants making it successful. But government have released several warning statements regarding the same. Title: Re: Big ponzi scheme pumps bitcoin. Post by: pooya87 on March 22, 2017, 05:33:15 AM good job on advertising it here ;)
and this is not the first one of these and certainly won't be the last. this is not even the biggest one out there! there has been others. and this subject has been discussed to death a couple of times. and no with what i have seen an MLM scam is not big enough to be able to "pump" bitcoin. because first of all people who are investing in it are idiots with no money so they won't be buying 1000BTC to invest in the MLM. i assure you it is not bigger than 0.01BTC. also the scammers dump those coins to get the money so any buy pressure that their scam creates will be accompanied by a sell pressure by the scammers who are dumping it. also it is all done off the exchanges and mostly through places such as localbitcoins and no matter how much you buy there, price won't change. Title: Re: Big ponzi scheme pumps bitcoin. Post by: davis196 on March 22, 2017, 05:42:24 AM Average early salaries of $4000.You mean $4000 per year,right?
Why do you care about some ponzi that will steal a few million USD from the naive and poor people? A few million dollars won`t pump the bitcoin price. Ponzi schemes will exist as long as there are stupid people with money.Sad but true. Title: Re: Big ponzi scheme pumps bitcoin. Post by: Pamadar on March 22, 2017, 05:48:59 AM Average early salaries of $4000.You mean $4000 per year,right? reality of life people are hurrying to get money from easy way around, I've been a victim of that ponzi a year ago same stupidity that brought to my attention with just investing and wait for 2 weeks you will earn an easy 30% of your actual investment, too good too be true but that's MMM promise for those who get in early will enjoy the money but because its a ponzi sad for those who will be catch and be left behind, better to stay away and never think that its helping btc because it's not doing it in the right way.Why do you care about some ponzi that will steal a few million USD from the naive and poor people? A few million dollars won`t pump the bitcoin price. Ponzi schemes will exist as long as there are stupid people with money.Sad but true. Title: Re: Big ponzi scheme pumps bitcoin. Post by: cengsuwuei on March 22, 2017, 05:52:47 AM title thread and content is not equal
bitcoin is not ponzi scheme, but youre write about MMM is true, in there use ponz scheme system, you can get profit another member pay Title: Re: Big ponzi scheme pumps bitcoin. Post by: ethereumhunter on March 22, 2017, 06:02:02 AM A "MMM" Ponzi scheme- which once was a bigest ponzi scheme in the world of all times - probably pumps bitcoin. Im sorry, I do not have ability to write literary beautiful text at time. :P BUT. There is something that could be really interesting. A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India. Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there. (ABOUT MMM (https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company))) BTC price compared to ponzi popularity PHOTO (https://s4.postimg.org/cjah4k265/mt4_2_points.png) MMM is a keyword which is among most popular search words by google trends there. GOOGLE (https://trends.google.no/trends/explore?q=mmm) BITCOIN trends (https://trends.google.no/trends/explore?q=bitcoin) Population in Nigeria is a 173 million people. With average early salaries of $4000 MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA (http://www.alexa.com/topsites/countries/NG)) The creator of thiz ponzi is the same SERGEY MAVRODI who owned a world biggest ponzi based in Russia. Where they grew, attracted and then lost $10 billion of investors money, just in 9 months. no doubt for this and i see in many places is promoted MMM and after they integrated their payment with bitcoin, then bitcoin itself suddenly become popular among people. but if the site is offering ponzi schemes, then it will make people gets scam without they know how long the site will online. and now, i think MMM is reduce the popularity and many people is being disappointed with that programs. they really attract many people from many country and yes there are making a lot of money because of this program. Title: Re: Big ponzi scheme pumps bitcoin. Post by: xypos on March 22, 2017, 06:16:46 AM A "MMM" Ponzi scheme- which once was a bigest ponzi scheme in the world of all times - probably pumps bitcoin. Im sorry, I do not have ability to write literary beautiful text at time. :P BUT. There is something that could be really interesting. A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India. Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there. (ABOUT MMM (https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company))) BTC price compared to ponzi popularity PHOTO (https://s4.postimg.org/cjah4k265/mt4_2_points.png) MMM is a keyword which is among most popular search words by google trends there. GOOGLE (https://trends.google.no/trends/explore?q=mmm) BITCOIN trends (https://trends.google.no/trends/explore?q=bitcoin) Population in Nigeria is a 173 million people. With average early salaries of $4000 MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA (http://www.alexa.com/topsites/countries/NG)) The creator of thiz ponzi is the same SERGEY MAVRODI who owned a world biggest ponzi based in Russia. Where they grew, attracted and then lost $10 billion of investors money, just in 9 months. Although this might sound like an advertisement for the MMM ponzi scheme, I don't think it is. The ponzi scheme is one of the biggest in the world and is known for its notorious pattern of creating new branches of its ponzi scheme with the same founder(Mavrodi, we all know this guy) after an old one collapses. What I find funny is that it actually claims to be the savior of people that are struggling financially. It also claims to be a "community of people helping other people". Which is completely false. Bitcoin is the main payment processor that people use nowadays to join these ponzi schemes, simply because they are so accessible and reliable. It is not bitcoin's fault, but rather the ponzi operaters at fault. Even if there was no bitcoin, people would use other payment methods to invest in the ponzi. Title: Re: Big ponzi scheme pumps bitcoin. Post by: nydiacaskey01 on March 22, 2017, 06:17:11 AM This happened already when MMM was introduced in China I guess it was last year and it helped the price of Bitcoin to surge that even a representative from Hao BTC admitted the presence of MMM in China and that they have a number of depositors who invested in MMM. Any movement of BTC to change hands will have an effect on the price. How ever investing in schemes like Mavrodis MMM is not a good idea and may result to losing more instead of gaining some.
Title: Re: Big ponzi scheme pumps bitcoin. Post by: Tzupy on March 22, 2017, 02:40:07 PM Google trends still lists Nigeria as having the worldwide highest interest in bitcoin, but that is fading. Here is the Nigerian interest level in bitcoin over the last year.
https://i.imgur.com/SoJKFsg.jpg Title: Re: Big ponzi scheme pumps bitcoin. Post by: bettercrypto on March 22, 2017, 02:58:44 PM Graph shows that it is not true that this Big ponzi is pumping Bitcoin today. As far as I know this ponzi company had been around for sometime now so definitely it is not pumping Bitcoin. And as the graph shown, interest falls at late February, this means this ponzi schemes strategy is deteriorating making people from that country immune to their hypes and at the same time avoid Bitcoin since it is connected to that ponzi marketing scheme.
Title: Re: Big ponzi scheme pumps bitcoin. Post by: criptix on March 22, 2017, 02:58:55 PM Average early salaries of $4000.You mean $4000 per year,right? Why do you care about some ponzi that will steal a few million USD from the naive and poor people? A few million dollars won`t pump the bitcoin price. Ponzi schemes will exist as long as there are stupid people with money.Sad but true. Well its actually 2500$ per year (2016) - not sure where that 4000 comes from. I doubt there will be trillions of $ coming from nigera ^^" Title: Re: Big ponzi scheme pumps bitcoin. Post by: rotors on March 22, 2017, 03:05:19 PM Post author smoking something green
Title: Re: Big ponzi scheme pumps bitcoin. Post by: york780 on March 22, 2017, 03:09:19 PM Average early salaries of $4000.You mean $4000 per year,right? Why do you care about some ponzi that will steal a few million USD from the naive and poor people? A few million dollars won`t pump the bitcoin price. Ponzi schemes will exist as long as there are stupid people with money.Sad but true. Well its actually 2500$ per year (2016) - not sure where that 4000 comes from. I doubt there will be trillions of $ coming from nigera ^^" Title: Re: Big ponzi scheme pumps bitcoin. Post by: jaceefrost on March 22, 2017, 03:10:21 PM Nah. After it collapsing last holiday season way back on 2016 it isn't as big as the same as it used to so it is impossible that it is them that is causing the btc price to pump and dump these days. People like you posting about them only give them recognition and helps them to get more fools to be involved.
Title: Re: Big ponzi scheme pumps bitcoin. Post by: guy_wonderful on March 22, 2017, 05:04:48 PM Nah. After it collapsing last holiday season way back on 2016 it isn't as big as the same as it used to so it is impossible that it is them that is causing the btc price to pump and dump these days. People like you posting about them only give them recognition and helps them to get more fools to be involved. You really think that somebody in his own mind gonna spend money there? Ok so there is nothing to be afraid of? I just think that this topic must be researched more. As capitalization of our bitcoin is just small ,that everything like this ponzi can afect it. If we say 50mil people spend just 20 bucks, it's a $ billion in bitcoin already. Average early salaries of $4000.You mean $4000 per year,right? Why do you care about some ponzi that will steal a few million USD from the naive and poor people? A few million dollars won`t pump the bitcoin price. Ponzi schemes will exist as long as there are stupid people with money.Sad but true. Well its actually 2500$ per year (2016) - not sure where that 4000 comes from. I doubt there will be trillions of $ coming from nigera ^^" Aslo a quantity is important not a money amount. p.s. this site tells 3600 i rounded up to 4k OK? (https://politics.naij.com/358097-salaries-in-nigeria-statistics.html) Post author smoking something green I realy think this could be affecting bitcoin much. But a bigger research is needed to tell extacly. Can you prove that's they are not in a role of afecting price big. No? then ^$$#U&! :P Title: Re: Big ponzi scheme pumps bitcoin. Post by: Arcteryx on March 22, 2017, 05:24:11 PM And I thought they were using their own pesa payment system.
Trying to FUD on bitcoin and promote their own payment system it seems. ::) Title: Re: Big ponzi scheme pumps bitcoin. Post by: Iranus on March 22, 2017, 05:53:00 PM Oh come on, one Ponzi scheme can't pump the Bitcoin price. Did it even occur to you that people are going to put their Bitcoin into the scheme when the price is as high as possible? The scheme claims to have its own payment system I think (it's pretty hard to understand), but if true it'll mean that when putting Bitcoin in it'll be converted to something else, so in the same way that people want to sell their Bitcoin when the price is as high as possible, they'll put it into that Ponzi scheme when the price is high as well.
The two things are a correlation, not a causation. Big difference. Title: Re: Big ponzi scheme pumps bitcoin. Post by: maku on March 22, 2017, 05:56:24 PM If MMM really is interested in profits above all else. Then why don't they pick another crytpocurrency?
Some altocoin with lower market cap than bitcoin would be even easier to influence and exploit. Ideal way to milk people dry would be creating their own altcoin and payment system - like OKCoin. Title: Re: Big ponzi scheme pumps bitcoin. Post by: guy_wonderful on March 22, 2017, 05:56:50 PM Oh come on, one Ponzi scheme can't pump the Bitcoin price. Did it even occur to you that people are going to put their Bitcoin into the scheme when the price is as high as possible? The scheme claims to have its own payment system I think (it's pretty hard to understand), but if true it'll mean that when putting Bitcoin in it'll be converted to something else, so in the same way that people want to sell their Bitcoin when the price is as high as possible, they'll put it into that Ponzi scheme when the price is high as well. The two things are a correlation, not a causation. Big difference. Doesn't that exactly means that x amount of bitcoin is acumulated and keeped (by this structure),and in hands by small group of people? I will not be suprised if they control bitcoin for $2.5-$3 billion. Title: Re: Big ponzi scheme pumps bitcoin. Post by: The End Is Neigh on March 22, 2017, 06:10:00 PM Google trends still lists Nigeria as having the worldwide highest interest in bitcoin, but that is fading. Here is the Nigerian interest level in bitcoin over the last year. https://i.imgur.com/SoJKFsg.jpg Well that's obviously not accurate because it goes right up to 100% interest at one point. There's only so much statistics can get right, and this is not one of them. There is at least 1 person in Nigeria that is skeptical of bitcoins. Title: Re: Big ponzi scheme pumps bitcoin. Post by: criptix on March 22, 2017, 10:34:57 PM Nah. After it collapsing last holiday season way back on 2016 it isn't as big as the same as it used to so it is impossible that it is them that is causing the btc price to pump and dump these days. People like you posting about them only give them recognition and helps them to get more fools to be involved. You really think that somebody in his own mind gonna spend money there? Ok so there is nothing to be afraid of? I just think that this topic must be researched more. As capitalization of our bitcoin is just small ,that everything like this ponzi can afect it. If we say 50mil people spend just 20 bucks, it's a $ billion in bitcoin already. Average early salaries of $4000.You mean $4000 per year,right? Why do you care about some ponzi that will steal a few million USD from the naive and poor people? A few million dollars won`t pump the bitcoin price. Ponzi schemes will exist as long as there are stupid people with money.Sad but true. Well its actually 2500$ per year (2016) - not sure where that 4000 comes from. I doubt there will be trillions of $ coming from nigera ^^" Aslo a quantity is important not a money amount. p.s. this site tells 3600 i rounded up to 4k OK? (https://politics.naij.com/358097-salaries-in-nigeria-statistics.html) Post author smoking something green I realy think this could be affecting bitcoin much. But a bigger research is needed to tell extacly. Can you prove that's they are not in a role of afecting price big. No? then ^$$#U&! :P if it would be 3,6 k but it isnt. im looking at statista, worldbank, imf, tradingeconomics and even wikipedia. there was a peak in 2014 at 3,2 k but since 2009 nigera has an average gdp per capite around 2500 $ - before that 2009 nigerias average gpd per capita was (much) less then 1000 $. there might be 3 billion Naira in bitcoin :) seriously though, your research is pretty questionable. Title: Re: Big ponzi scheme pumps bitcoin. Post by: DRaGoN RaNTaRo on March 23, 2017, 12:25:21 AM I am not sure what you trying to convey here but to be frank i am hearing about this for the first time. I am not sure about the ponzi story for the recent dump and dump activity but the main reason for it is simply because the scaling issue and if that is resolved the bull run will start again.
Title: Re: Big ponzi scheme pumps bitcoin. Post by: Shiroslullaby on March 23, 2017, 01:11:24 AM Steal $10 billion in a Ponzi scheme, get four years in prison...
And here I am trying to make a few thousand dollars on Bitcoins. What am I doing with my life lol? Title: Re: Big ponzi scheme pumps bitcoin. Post by: divinemaniac on March 23, 2017, 01:26:47 AM These ponzi schemes will never stop sadly cuz there will always be someone who will invest.
A lot of people invest in ponzis even though they know how ponzis work. They end up making a profit for themselves by referring other people to the ponzi system. But like others have stated, a couple of ponzi schemes are not enough to "pump" bitcoin and won't necessarily affect the price that much. Title: Re: Big ponzi scheme pumps bitcoin. Post by: pooya87 on March 23, 2017, 04:45:46 AM Google trends still lists Nigeria as having the worldwide highest interest in bitcoin, but that is fading. Here is the Nigerian interest level in bitcoin over the last year. https://i.imgur.com/SoJKFsg.jpg that doesn't prove anything. there has been a lot of talk around that time about bitcoin in Africa and obviously could have sparked some interest over there. also it is the same time as the price rises of end of 2016 and reaching the ATH and again obviously the price rise always brings more people and attention to bitcoin. Title: Re: Big ponzi scheme pumps bitcoin. Post by: iv4n on March 23, 2017, 05:13:58 AM title thread and content is not equal bitcoin is not ponzi scheme, but youre write about MMM is true, in there use ponz scheme system, you can get profit another member pay I noticed the same, bitcoin is not ponzi but many people use bitcoin for their illegal activities. This ponzi schemes are not new, that is old trick, but now with bitcoins I think it's easier for them to work. Bitcoin offers anonymity, and its easier to fool the people on the internet. Steal $10 billion in a Ponzi scheme, get four years in prison... And here I am trying to make a few thousand dollars on Bitcoins. What am I doing with my life lol? You are right about this, this is constantly happening in the world. They scam people for millions of dollars and they only get couple years in jail and when they get out they continue to do the same. When people will learn? Title: Re: Big ponzi scheme pumps bitcoin. Post by: AjithBtc on March 23, 2017, 10:20:50 AM title thread and content is not equal bitcoin is not ponzi scheme, but youre write about MMM is true, in there use ponz scheme system, you can get profit another member pay I noticed the same, bitcoin is not ponzi but many people use bitcoin for their illegal activities. This ponzi schemes are not new, that is old trick, but now with bitcoins I think it's easier for them to work. Bitcoin offers anonymity, and its easier to fool the people on the internet. Steal $10 billion in a Ponzi scheme, get four years in prison... And here I am trying to make a few thousand dollars on Bitcoins. What am I doing with my life lol? You are right about this, this is constantly happening in the world. They scam people for millions of dollars and they only get couple years in jail and when they get out they continue to do the same. When people will learn? Title: Re: Big ponzi scheme pumps bitcoin. Post by: mindrust on March 23, 2017, 10:29:37 AM If you look at that way, everything is a ponzi scheme which gains value in time. That includes stocks, gold, bonds, real estate or any other asset and currencies like EUR or USD.
If something gets overvalued, sooner or later it will find its real value. If you think USD is overvalued, you can compare it with EUR or GBP and see what you can buy with the same amount; that's how you can see if its overvalued or not. The problem here is; we really can't estimate bitcoin's real value. Because there is nothing to compare bitcoin with. So it's a highly speculative asset. Title: Re: Big ponzi scheme pumps bitcoin. Post by: guy_wonderful on March 23, 2017, 11:55:36 AM Ohh. Seems they Collapsed back in february.
You was right they say MMM cannot pay out just 55million. They are not going to influence bitcoin any way. 8) Title: Re: Big ponzi scheme pumps bitcoin. Post by: carlfebz2 on March 23, 2017, 01:49:05 PM Ohh. Seems they Collapsed back in february. This is a bit old news related to MMM scam it does give awareness on bitcoin because its the main currency being used on this pyramiding scheme and seeing on the posted chart above it does show a spike on how many users engage to it which somehow affects bitcoins price because of the people who uses it but eventually dropped when they become scam and now for mmm scam victims they will surely have negative views already on bitcoin.lolYou was right they say MMM cannot pay out just 55million. They are not going to influence bitcoin any way. 8) |
