MMM ponzi effects?

[Nagle]

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% 

MMM is not just a Ponzi. It's also a multi-level marketing pyramid scheme, with a downline and heavy pressure on participants to promote it.

[nydiacaskey01]

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% 

MMM is not just a Ponzi. It's also a multi-level marketing pyramid scheme, with a downline and heavy pressure on participants to promote it.

There is no pressure to get a downline, everyone can earn even if they don't have any downline at all but they will earn more if they have a downline since they will be promoted to a higher rank (1K Manager and 10K Manager) with higher % earnings from the downlines. The members of MMM are so blinded by that "no sponsoring" scheme and thats what makes them think it's legit, which even makes it more questionable if you ask me. It's a very clear ponzi.

[Oscilson]

Even MMM was reason why bitcoin price raised a lot & dropped a little, i won't support/invest in MMM.
I better trading and get profit than risk my bitcoin in shady investment.

Also, i'm sure MMM members who bought bitcoin aren't bitcoin supporter, and they eventually will sell their bitcoin, and make bitcoin price crashed again.
Furthermore, more people will think bitcoin is kind of ponzi scheme

I agree with that totally. As a Ponzi scheme, MMM will collapse eventually. The collected bitcoin will be sold to the market again. Maybe some of the coins have already been sold by the top level attenders.

Do we know the total number of bitcoins inside the MMM scheme?

[alpet]

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

[m3]

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

is MMM still paying?

[alpet]

is MMM still paying?

I not participant, and can't prove it )

[target]

they'd act as if not really scamming during their start but it will soon show its real colors. they're PONZI!

[lottery248]

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

is MMM still paying?

automatically paid from random users, rather than central fund.
this is the strategy to scam money.

[Oscilson]

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

is MMM still paying?

automatically paid from random users, rather than central fund.
this is the strategy to scam money.

If there is a rumour about the collapse of the MMM scheme, will the players withdraw the money like a bank run? I am sure MMM is at its tipping point or not. Very interested to know the effect of a rumour.

[tmfp]

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

is MMM still paying?

automatically paid from random users, rather than central fund.
this is the strategy to scam money.

If there is a rumour about the collapse of the MMM scheme, will the players withdraw the money like a bank run? I am sure MMM is at its tipping point or not. Very interested to know the effect of a rumour.

"Pause Mode" is what happens, purely at Mavrodi's discretion, and has happened in the past. He just freezes conversion of Mavros into anything real for a fixed period of time. I have read that MMM Russia is currently "paused" until the New Year, but can't confirm it.

[pitham1]

If there is a rumour about the collapse of the MMM scheme, will the players withdraw the money like a bank run? I am sure MMM is at its tipping point or not. Very interested to know the effect of a rumour.

With the very high rates being offered by MMM, this tipping point is imminent.
Whether people convert the bitcoins back into fiat after "being helped" (equivalent of withdrawing in MMM) is debatable.
Most people, however, would not succeed in withdrawing.

[nydiacaskey01]

looks like MMM is on it's way to collapsing, they added back the mining option where investors can invest Bitcoins and earn in 48 hours and based on their Facebook page conversation it's the answer to the shortage of recent investors in the site, meaning most are are now waiting for their Bitcoins to earn and then withdraw, but withdrawal waiting time is longer than before.

[ShetKid]

looks like MMM is on it's way to collapsing, they added back the mining option where investors can invest Bitcoins and earn in 48 hours and based on their Facebook page conversation it's the answer to the shortage of recent investors in the site, meaning most are are now waiting for their Bitcoins to earn and then withdraw, but withdrawal waiting time is longer than before.

Probably looks like the reason that the holder is selling the coins which is what is likely causing to drop the price. I wish we had wallet analyzers to study the transactions with a little more detail and see if it was all due to MMM.

[Jon Connor]

This is not what Bitcoin needs for its image right now. I can just see more and more people associating Bitcoin with pyramid scheme or Ponzi scheme because of this. I would of rather had the price stay in the 240 range then be pumped then dumped by this bs mmm scheme.

[nydiacaskey01]

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

is MMM still paying?

automatically paid from random users, rather than central fund.
this is the strategy to scam money.

they are not automatically paid...
The one who requested to withdraw will be assigned with another member who wants to invest in MMM example:
YOU want to invest 0.1BTC, you will fill up a form in their site about your intention to invest, but you can't send your BTC yet, you will be put on a pool of investors, then ME, I want to Withdraw, I will fill up a form in their site about your intention to withdraw some of my investment
so MMM System will find a match on how much you are planning to Withdraw from a pool of members who wan't to invest, then MMM System will assign  my BTC address to example YOU so you can send BTC to my address, but YOU have 72 hours to send BTC or else you will be blocked.
BTC may come from 1 or more members depending on how much you a member plans to withdraw. This system is unfair sometimes because by the time someone sent you BTC, rate is already down.

[Morecoin Freeman]

Thank you for your explanation of how this scheme operates. That was very informative.

[brg444]

I guess we can put this theory to bed 

I mean the price is crashing yet this ponzi hasn't stopped so far as I can see.

[Pab]

How you can even think than behnd btc pump was some small hype network,i even saw article in Coindesk about that with fake link to Financial Time.Faser i will believe that alians oficially decided to ban btc and it was last btc pump than it that kind idiotic information,maybe russian oligarch were moving his money,becouse Deutche Bank has independent scrutinity now.Or Isis was moving money needed to attack USA

Or USA was moving money to attack China
Why not

[Mieehayii]

My question is, MMM has any associated with Bitcoin?

[tmfp]

My question is, MMM has any associated with Bitcoin?

Yes, MMM Global requires a deposit payment made in Bitcoin to buy Mavros (MMM tokens) and play the give/receive game.