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Author Topic: MMM ponzi effects?  (Read 3451 times)
jook
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November 04, 2015, 01:36:09 PM
 #1

There are rumors about the MMM ponzi scheme being somewhat responsible for the current rallye. After the recent price rise we may experience an unexpected dynamic that works like this: Many newcomers to the ponzi scheme learn about Bitcoin and how to buy them in order to enter MMM - and they do this while the bitcoin price is rising very quickly.

Now put yourself into the position of such a person: You have bought Bitcoin that gain 10% in value each day. Would you still "invest" into MMM or would you rather hold the coins, as you already see crazy profits that are even higher than what the ponzi has promised? We might currently see MMM inadvertently recruit bitcoin users instead of ponzi victims, which would be a very nice thing on many levels.

What do you think?
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Wei H
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November 04, 2015, 01:38:16 PM
 #2

It doesn't matter what the reason is, just enjoy this big bump! I can't even believe we're standing at $500 again.

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November 04, 2015, 01:44:30 PM
 #3

It could be. From what I think we don't know the reason for the boom that has happened this week. So it could just be coincidence or some individual behind the price rise.

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November 05, 2015, 04:04:18 AM
 #4

Sell now, buy again when Bitcoin goes to $50 after MMM ponzi blows.
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November 05, 2015, 04:07:17 AM
 #5

member of those MMM ponzi scheme will just buy and sell Bitcoins, they don't keep those Bitcoins since they just send it to another address then wait for week then request for withdrawal with interest then exchange since Bitcoin is not that mainstream yet in China.


 
 
 
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ShetKid
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November 05, 2015, 04:51:39 AM
 #6

member of those MMM ponzi scheme will just buy and sell Bitcoins, they don't keep those Bitcoins since they just send it to another address then wait for week then request for withdrawal with interest then exchange since Bitcoin is not that mainstream yet in China.
From what I understood, they would not get the returns immediately, so could be sometime soon. Also highly depends on when the ponzi operator cashes out. He could dump his holdings too.

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November 05, 2015, 04:55:26 AM
 #7

member of those MMM ponzi scheme will just buy and sell Bitcoins, they don't keep those Bitcoins since they just send it to another address then wait for week then request for withdrawal with interest then exchange since Bitcoin is not that mainstream yet in China.
From what I understood, they would not get the returns immediately, so could be sometime soon. Also highly depends on when the ponzi operator cashes out. He could dump his holdings too.

1 week is the soonest that they can dump Bitcoins, the longer they don't withdraw the bigger the interest, that's why some have multiple accounts there. If i'm the ponzi operator, I can easily assign my BTC address to anyone and they will send Bitcoins because after a week, they can withdraw with interest. It's a circle.


 
 
 
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November 05, 2015, 05:03:01 AM
 #8

member of those MMM ponzi scheme will just buy and sell Bitcoins, they don't keep those Bitcoins since they just send it to another address then wait for week then request for withdrawal with interest then exchange since Bitcoin is not that mainstream yet in China.
From what I understood, they would not get the returns immediately, so could be sometime soon. Also highly depends on when the ponzi operator cashes out. He could dump his holdings too.

1 week is the soonest that they can dump Bitcoins, the longer they don't withdraw the bigger the interest, that's why some have multiple accounts there. If i'm the ponzi operator, I can easily assign my BTC address to anyone and they will send Bitcoins because after a week, they can withdraw with interest. It's a circle.

If there are more people contoniously participating in the Ponzi, then yes it will run like a circle and will keep the price of bitcoin stable for the entire time the ponzi lasts for. However logically price should still decline and not increase because of the ponzi.

Cconvert2G36
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November 05, 2015, 05:06:34 AM
 #9

Keeping an eye on this for changes in frequency. I'm sure there are actual chinese video sites that would be better to sample... but I don't know them.

DaddyMonsi
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November 07, 2015, 11:38:25 AM
 #10

it's not only in China that MMM is expanding, Philippines also have a lot of MMM followers, they even have this physical branch now in different places.


 
 
 
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November 07, 2015, 11:49:47 AM
 #11

it's not only in China that MMM is expanding, Philippines also have a lot of MMM followers, they even have this physical branch now in different places.

MMM will go down sooner or later.
I only hope Bitcoin's price does not plunge along with it.
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November 07, 2015, 11:52:01 AM
 #12

it's not only in China that MMM is expanding, Philippines also have a lot of MMM followers, they even have this physical branch now in different places.

MMM will go down sooner or later.
I only hope Bitcoin's price does not plunge along with it.

The sooner the better, so that those MMM evangelist will wake up in reality that what they are preaching is nothing but ponzi


 
 
 
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manis
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November 07, 2015, 11:59:33 AM
 #13

it's not only in China that MMM is expanding, Philippines also have a lot of MMM followers, they even have this physical branch now in different places.

MMM will go down sooner or later.
I only hope Bitcoin's price does not plunge along with it.

The sooner the better, so that those MMM evangelist will wake up in reality that what they are preaching is nothing but ponzi

With a possibility of earning "100%" in a month, this is going to close very quickly. Smiley
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November 07, 2015, 03:43:20 PM
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 Cheesy So many trolls and shills trying to convince potential investors that bitcoin is only going up because of a ponzi scheme  Cheesy
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November 07, 2015, 04:51:07 PM
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Cheesy So many trolls and shills trying to convince potential investors that bitcoin is only going up because of a ponzi scheme  Cheesy

Most here couldn't care less if Bitcoin is or is not a Ponzi -- this forum even has a section dedicated to Ponzis, where the most afflicted of degenerate gamblers willingly go to lose (that is, lose faster than they already are by simply holding Bitcoin).
The problem's not Bitcoin being a ponzi, but the fact that it's a collapsing Ponzi.
Therein, Jarhead, lies the rub Undecided


               Bro, do you even Ponzi?
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November 07, 2015, 05:25:15 PM
 #16

Cheesy So many trolls and shills trying to convince potential investors that bitcoin is only going up because of a ponzi scheme  Cheesy

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?

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

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November 07, 2015, 05:31:04 PM
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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?

I can't say I've picked up on that myself.

MMM. Together we can impoverish the Third World.
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November 07, 2015, 05:33:56 PM
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Cheesy So many trolls and shills trying to convince potential investors that bitcoin is only going up because of a ponzi scheme  Cheesy

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?

Government paid trolls everywhere trying to convince people that Bitcoin is a ponzi, or that bitcoin is collapsing because of a ponzi, or that bitcoin is connected to a ponzi and therefore FUD.  That is all
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November 07, 2015, 06:00:11 PM
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Amazing how many bitcoiners think governments actually give half of a flying fuck about them. Self-important much?

Amazing how many paid shills and trolls try to convince people that the government and their criminal too-big-to-fail banks aren't threatened by a system that has made them obsolete!  Troll and bullshit much??
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November 07, 2015, 06:07:30 PM
 #20

Cheesy So many trolls and shills trying to convince potential investors that bitcoin is only going up because of a ponzi scheme  Cheesy

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%  Roll Eyes

Just report them as spam, they get nuked pretty quick.

Extraordinary Claims require Extraordinary Evidence
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