1500 MORE DOLLARS, CMON
fyp |
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as i understand it one new victim buys btc and sends them to MMM which takes some of the BTC and sells them to pay the older victims
so afterall it should lead to revenue but not necessarily buy pressure
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MMM-Ponzi könnte in China eine Rolle spielen.
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ch...........ch......................
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BTC at its low and going down, $267.3 . Is it time for the next dump yet?
just a little correction. Will go up upcoming weeks. Tell that to the price that is keeping on going down, even as I speak. At 265 right now, I think it is safe to say that it is time for the pump to be over folks.  |
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At least Sergei is smart enough to keep his share in BTC, where it's safe from snoopy government's prying eyes, so won't land him in jail (again).
yes, nevertheless thats just a fraction of the revenue of this ponzi and as you said he may be smart enough to keep his BTC. |
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do they use just BTC or other payment options too?
'As MMM is an international project, the Community members use electronic payment systems (Perfect Money and Bitcoin) to send and receive money. The amount of transactions is calculated in US dollars.' --http://mmmglobal.biz/faq/ as i see it the victims change fiat -> bitcoin and MMM changes bitcoin -> fiat to pay their other victims its not that they are hoarding bitcoins or something. they just use it as a short-time carrier. that reduces the risk imo of a sudden drop cause of MMM. but lets see. |
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do they use just BTC or other payment options too?
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I've been researching this MMM ponzi and it may have the potential to reach critical mass, soak up all liquidity and go supernova before collapsing into a black hole. I can easily see how non-sophisticated investors could fall for something like this.
I don't think we even have the ability to stop this by shorting. We might even make it worse if it goes too high by being force-liquidated into a margin squeeze. I'm back in fiat, lending out dollars at ~30% interest and watching this thing play out. It will end in tears.
link to this ponzi? |
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yes, we most likely will hit 300 the coming days, but china is just a non-event. thats basically all just fake over there. imo they have maybe 1/10 of the stamp volume at best.
China doesn't even really exist. Everybody knows that. Edit: $290 just broken. no, no china does exist. i know somebody who was there.  its just the volume at their exchanges that pure air. remember when stamp went offline last year for a month? that month we had NO movement at al until stamp came back. its fake and they even admit it. |
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yes, we most likely will hit 300 the coming days, but china is just a non-event. thats basically all just fake over there. imo they have maybe 1/10 of the stamp volume at best.
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first time that gemini ask is lower than stamp
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but.....but.......they said double top.
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Just something else I noticed on the chart Compare the volume levels of summer/fall 2013 to this year.  Bitstamp was a low volume exchange back in summer/fall 2013. Gox was the highest volume exchange back then. Now Bitstamp is one of the highest volume exchanges for USD trades. That chart's not got enough valid cumulative data. You would need to get a cumulative volume chart for all exchanges to make any valid comparisons based on volume. ## and you would have to filter out chinese fake volume |
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458$ on my cellphone  |
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Every time I open bitwisdom I am reminded what the price was 18 months ago when it was the first thing I favorited on my new comp. $445.75
lol! same here! |
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wall on itBit needs some observing.
true, seems like some volume to be seen there |
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Nice! Good to see that someone has finally been picking up the ideas of Datacoin and went forward. |
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