MMM affect bitcoin price

[Nahl]

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

[Jmild1]

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

[DaddyMonsi]

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

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.

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.

[nostal02]

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.

[tmfp]

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

[BitMaxz]

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..

[Jmild1]

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.

[Blitzboy]

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..

[torontoluxuryhomes]

https://www.cryptocoinsnews.com/mmm-global-closes-republic-of-bitcoin-an-alleged-ponzi-scheme/

they are a scam already or not?

[iv4n]

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.

[tmfp]

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?

[benmartin613]

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.

[tmfp]

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.