 So many trolls and shills trying to convince potential investors that bitcoin is only going up because of a ponzi scheme I've noticed tons of strange new accounts that make a single reply and have the MMM thing as signatures. Did anyone see this as well? A post on forums like this is one of the many compulsory activities, along with YouTube vids etc., that MMM users must complete in order to qualify for the Mavro Extra rate of 100% a month, otherwise they're stuck on a measly 30%  Just report them as spam, they get nuked pretty quick. |
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So quality equals quantity now? I can easily put up some filler sentences if it helps your perception of my post as contributing to the discussion.
Example of such posts: https://bitcointalk.org/index.php?action=profile;u=262578;sa=showPosts None of his posts are single liner but most are incomprehensible anyway. And BTW this recommendation can easily be overcome by members posting only in Bimba word game and such threads. Actually his posts are usually on-topic IMHO, even though his English is pretty poor. Yes, it's a good specimen account to look at.... 1) bought 2) sig campaign 2) regular posts, averaging 100 per week 3) default post size ~100 words. 4) superficial content, but actually says very little 4) has the feel of something which has been put thru a translator twice And the acid test....would he post as often, or at all, if he wasn't getting paid? |
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Why do you think that someone who you believe insane would be suitable to "spread the news", whatever that means? There are plenty of MSM stories linking the two right now, in a week they'll have moved on to something else. |
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I sold at 370, 400, 430 ,460 and 490, 10% of my holding at each level and would have continued selling till I had 10% left.
I started my buyback at 360 (filled) and hopefully the balance at 330 and 300.
If that is successful then my coins, bought over the last year, will effectively be free.
Buy when no one wants something, and sell it back when they do.
"picking up pennies in front of a steamroller" Lol, quite possibly, but they are rather large pennies. |
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I sold at 370, 400, 430 ,460 and 490, 10% of my holding at each level and would have continued selling till I had 10% left.
I started my buyback at 360 (filled) and hopefully the balance at 330 and 300.
If that is successful then my coins, bought over the last year, will effectively be free.
Buy when no one wants something, and sell it back when they do.
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MMM not closed. You can see internet statistic of back office of project http://www.alexa.com/siteinfo/mmmoffice.comProject have only one cabinet for all countries. I know couz I'm participant there. Not only China crazy. Now I see full analytic of visitors from MMM Global site http://global.mmmzone.com/There are guests from India, South Africa, China, Philippines, Taiwan, Lesotho, USA, Indonesia, Hong Kong, Singapore. Scheme work with waves. Now BIG WAVE... ... it's only my opinion, but I periodicaly participate in MMM from 2012. Now Mavrodi's project became world wide. ... realy we can't see full statistic couz for one online back office attached a lot of countries with local sub projects of MMM. Local projects work on bank accounts inside each country. Alexa com show to us common statistic from TOP 5 countries. I think MMM China work only in Global project with Bitcoin. So, market will grow. Did you get 2.667% MavroExtra for posting that? |
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Theymos has made his position quite clear and, just like any of us, applies that in areas where he has influence and interest, i.e. here and Reddit.
The decentralized nature of Bitcoin is its core strength, but that doesn't mean imo that the whole ecosystem will ever be free of pockets of centralization and self interest. We're humans, after all, and all want our own way/think we know best.
If his approach rankles you sufficiently regarding BCT and Reddit, then swap his parameters for Ver's.
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Courtesy of jaysabi for posting from one of my favorite endoftimes sites, ZeroHedge, a partial explanation for increased Chinese participation which doesn't involve MMM. Bitcoin, at $444, is now up over 100% since we suggested, in early September, it would become the conduit for Chinese capital outflows following China's crackdown on capital controls. This afternoon's sudden BIS-induced plunge, taking the virtual currency down $50, has been entirely retraced and more as BTCC (China's leading Bitcoin Exchange) announced it will now accept direct deposits (making it significantly easier for Chinese to rotate their Yuan deposits into the virtual currency and out of the potential clutches of capital controlling communists). As BTCC details, Recent bitcoin price increases have reignited enthusiasm in buying bitcoin. BTCC is confident this trend will continue. As such, we are pleased to announce that we now accept direct deposits.
Customers now need only log in, click on “Account,” then “Fund,” and then select the “Bank Deposit” option to fund their BTCC accounts through their bank accounts. All customers who have Chinese bank accounts will be able to make direct deposits through ATM transfers or online banking. And adds, even more crucially... BTCC will stop accepting customer deposits through agents on November 15. Which appeared to provide further dip-buying impetus to the recovery off the day's earlier mysterious plunge...  Lifting BTC to $444 highs, more than double the September levels when we suggested it. Notice the rally is on rapidly increasingly volumes also (as word spreads and ease of access is enabled)...  As we noted previously, this is the validation that, just as predicted here two months ago, bitcoin has become the go-to asset class for millions of Chinese savers seeking to quietly and under the radar transfer funds from point A to point B, whatever that may be, in the process circumventing the recently expanded governmental capital controls: While he didn’t provide any concrete numbers, he did comment last week on what was driving the adoption. “Some Chinese traders are expressing a view on the CNY exchange rate after the last devaluation and you have interest by mainland speculators to move to other assets after the stock market fallout,” he explained in an interview with Bitcoin Magazine. Which again brings us back to our conclusion from two months ago: ... if a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print. As of this moment, the total value of bitcoin is up from the $3 billion two months ago to a little over $5 billion. That means the ratio of Chinese deposits (at around $22 trillion) to bitcoin, is down to a far more "conservative" 4,400x. And now, again, imagine what could happen if these same Chinese depositors realize they have been lied about the non-performing loans "backing" their deposits and that instead of the official 1.5% bad debt ratio, the real number is really far greater, somewhere in the 20% ballpark as we will show shortly, suggesting major deposit impairments are no longer the stuff of Cypriot nightmares but just the thing hundreds of millions of Chinese depositors have to look forward to, and that they have just two possible choices to avoid said impairment: reallocating their savings into bitcoin or, of course, gold. * * * How will the Chinese regulators and government react to this? Especially as the volumes start to become relevant. |
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eric of haoBTC confirms new investors are mostly MMM members I can confirm this. Many new users of HaoBTC are participants of the MMM scheme.
Thanks, I missed that post. I'll drop him a pm see if he can give us any numbers. |
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@tmfp : your message isn't totally wrong...
No it's not wrong in the slightest. It is factual, it communicates information, unlike the vast majority of posts made by people carrying this signature. ....yobit contains many spammers and i already asked on a previous post here the admin to make a new ban list.
Yes the response to your request has been.........nil. Bots don't talk. ...repeating your message on every page is really annoying too so please stop it.
Er, no. It is less than 0.00001% as annoying as the tons of shit posts other forum members have to wade thru on any subject, courtesy of YoBit spammers. Anyway, this thread is full of shit posts, as you yourself have acknowledged, a few more won't make any difference. Thanks
No prob. in fact his post can almost be considered spam because he does it on every single page, isn't a surprise if people reports it to the mods. Anyway if i catch the mod/admin in the yobit trollbox i will try to tell about that thing (hoping he gets on)
The irony of shitposters complaining about spam is immense. |
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You don't understand. MMM is not another ponzi. It is a tsunami that is real and present danger to Bitcoin existence. Millions of people will lose money, and dozens will commit suicide. There will be a severe regulatory backlash and governments will not make a distinction between Bitcoin and the ponzi.
If that's the case then surely governments will have to ban youtube and facebook because they're the platforms that are truly spreading it. I think they're just about bright enough to realise that a tool and its end usage are slightly different things. MMM is very big and very dangerous without doubt, but attempting to actually gauge how much truth there is in a linkage between the Bitcoin price rise and MMM is very difficult. Like on most things, everyone's got an opinion but precious few facts. If any of our Chinese (or Bangladeshi or Filipino or South African) members reliably know someone invested in this shit, could they please share the actual payment protocol with us, on this thread I set up for the purpose. Thanks. https://bitcointalk.org/index.php?topic=1238326.0 |
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I suggest you not to invest in cloud mining because many cloud mining services are nothing but HYIPs.
Anyway, even if they are legit, the ROI takes too long to be reached.
That's the point. If you compare the risk it looks similar to this: holding BTC < trading BTC < hardware mining < cloud mining Pick your poison  I think u r partially correct. The equation should be as follows... holding BTC (no risk no gain) < cloud mining (ponzi or not, u can at least calculate the outcome) < hardware mining (difficulty will slip out in time) < trading BTC (some people bought at 300 and sold at 1200... as well as the reverse)  Thanks RussianRaibow.. your reply answered a lot of my questions and cleared a few doubts as well. Patients to reach the ROI level is a must that i can tell from experience. And it is true for any sound and lucrative investment in other business. No, that's a faulty analysis. Holding, trading and self mining have known cost and risk factors. Ponzi 'cloudmining' (e.g. Russian Raibow's ScamMining.website) introduces another unquantifiable factor, the criminal one: one day, you wake up and they're gone, and so's your money. |
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Hi Alex
I see in your other thread that Round 2 lasted three weeks, returning 22.53% from a revenue made up from an 80% investment in cloud mining.
That's pretty impressive ROI. Is it bitcoin mining?
Is that 22.53% return gross, or is it what the punter actually gets after your 50% is taken from the profit?
The 20% in manual altcoin trading is really what brought the revenue percentage to those numbers. I usually leave a small portion of investors' money into renting hashrate and mining new currencies, and then liquidating for a general profit on a small exchange when they get listed. I didn't take any of the investment revenue into my pocket, due to how small the actual total investment sum was (for both rounds, actually). So for both rounds, the percentages shown were the actual revenue percentages awarded to investors. The name is Adam by the way Sorry Adam, my bad. That's even more impressive then, with only 20% of invested money working for its living, to return 22.53% on the whole lot implies a monthly Roi of ~150%  So it's all shitcoin sorry, alt coin based then? |
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I just posted an article from the Financial Times (London) in the Press section, which recycles the view that the recent Bitcoin price rise may have been fuelled by the Mavrodi scam, MMM, requiring or accepting payment in Bitcoin because its traditional avenues of fiat payments are being blocked by the banking system, in particular, in China. FT article (paywall, but a free read possible) https://bitcointalk.org/index.php?topic=1238315.0Discussion already on BCT https://bitcointalk.org/index.php?topic=1234398.0MMM https://bitcointalk.org/index.php?topic=1211947.0A visit to china-mmm.net , the scam's home page, confirms my original view that Chinese payments are being denominated in fiat i.e. CNYuan, and also in other hot areas of the world, i.e. South Africa in Rand etc.etc. The purpose of this thread is to gain concrete examples and information regarding first hand knowledge of payments being made to the Ponzi, or attempted payments being blocked. As anyone who actually knows anything about MMM will tell you, payments are peer to peer, with only Mavrodi's Magic Money shitcoin, Mavro traditionally involved (and the mechanism by which the scammers make their money). PLEASE NOTE This is a self moderated thread. I don't like self moderated threads but I dislike sig spam even more. Any comments repeating previous answers or in any other way arousing my suspicions of shitposting either for sig or count, will be deleted. I want actual payment examples please, not hearsay or "I'ts disgusting" comments..thank you. |
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http://www.ft.com/cms/s/0/ee93bc2e-82f6-11e5-8095-ed1a37d1e096.html#axzz3qbM2UhUkThe FT is behind a paywall, but you can access an occasional article by answering a marketing question. The title says it all really, hardly an in depth analysis, sensationalism by a self admitted Bitcoin skeptic/critic. It gives no examples of any transactions to back up the hypothesis. The author quoted in comments: What we have been told is that until recently the MMM scheme used normal currency, but then banks started blocking transactions, thus now bitcoin has become the predominant value transfer currency for the scheme. and replies to criticism I do have an agenda. An agenda to not mindlessly recylce positive spin that a small community with a big vested interest circulates ad nauseum through the internet. I am starting a topic in Discussion to attempt to find real life examples of the current Bitcoin payment/MMM situation. https://bitcointalk.org/index.php?topic=1238326.0
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Hi Alex
I see in your other thread that Round 2 lasted three weeks, returning 22.53% from a revenue made up from an 80% investment in cloud mining.
That's pretty impressive ROI. Is it bitcoin mining?
Is that 22.53% return gross, or is it what the punter actually gets after your 50% is taken from the profit?
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Good work QS, this asshole just won't go away, will he? I lolled at his review of his own BitLaunder.com scam site ( Located in: Trustworthy) BitLaunder.com has a reputation for a major theft of $100k bitcoins from Ricky James, an accusation which now appears to be a blackmail/extortion attempt by the so-called ‘victim’. BitLaunder does not appear to routinely scam, and seems to be perfectly safe for amounts under 10 btc. I personally use them and they are fast I remember the Rickyjames saga and the barefaced acknowledgement from Moriarty that, yes, he had received the coins and, no, he wasn't going to give them back. |
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So I have missing deposits, stuck withdrawals and cannot get any help from support or response from user Yobit here via PM.
Anyone have any suggestions?
Yeah, think twice next time before dealing with an outfit like this. I've just had a quick read about Yovi, the coin that can only go up...... |
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