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Author Topic: BTC price ? / Ezubao closed/ MMM Global next  (Read 760 times)
mayax (OP)
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February 02, 2016, 03:32:28 AM
 #1

Ezubao the largest online "financial" business which was a Ponzi scheme, it was closed today by the China gov.
Around of 8 billions USD are missing. Smiley


MMM Global(other ponzi scheme) which is very active in China and operates exclusively in bitcoin , it will be closed very soon too. The chinesses who "invested" in this ponzi will start withdrawing in mass.

It's expecting the BTC price to drop a lot.


http://www.dw.com/en/china-arrests-21-over-76-billion-ponzi-scam/a-19015190
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February 02, 2016, 06:05:18 AM
 #2

MMM has a subsidiary here in our country and the chapter almost close christmas holiday because every body wants to withdraw their funds for the holiday season but the system cannot keep up,so it froze some of the investors found,this is what happen when money stop coming in on any hyip or ponzi scheme..

MMM is a ponzi scheme any way you look at it

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February 02, 2016, 06:22:33 AM
 #3

These Ponzi work by targeting greedy people. There are everywhere and in different form and approaches. There is no free lunch in this world.
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February 02, 2016, 06:24:31 AM
 #4

These Ponzi work by targeting greedy people. There are everywhere and in different form and approaches. There is no free lunch in this world.

Yeah I always wonder why people invest in these schemes with such high unrealistic ROI it makes no sense.
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February 02, 2016, 08:00:13 AM
 #5

Well the good news is that another ponzi scheme get's punish after all but the damage that could be done from all those dumping is the negative side of the story. The main problem is people are too delusional of what they hear and see without thinking everything through and today one door closes but tomorrow another will open (unfortunately).

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February 02, 2016, 08:07:18 AM
 #6

These Ponzi work by targeting greedy people. There are everywhere and in different form and approaches. There is no free lunch in this world.

Yeah I always wonder why people invest in these schemes with such high unrealistic ROI it makes no sense.

A lot of people see a bunch of other people making large profits and they hunt the same goal. The thing is, for them to make these large profits, there must be someone else funding that, and if they are the last people coming into the Ponzi, they will be the ones losing their money.

These Ponzi's are aggressively marketed and key people are targeted in the beginning. If your doctor or your dentist or someone in power tells you about a huge investment with large profits, you will follow their lead, because you would never second guess their advice. I have seen very influential people falling for this before and I have been targeted with this too, so I know how they work.

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mayax (OP)
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February 02, 2016, 09:29:04 PM
 #7

These Ponzi work by targeting greedy people. There are everywhere and in different form and approaches. There is no free lunch in this world.

Yeah I always wonder why people invest in these schemes with such high unrealistic ROI it makes no sense.

same thing with Bitcoin. They know that they can lose everything by using the exchangers or because of hacking but they still "play" Smiley
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February 02, 2016, 10:06:43 PM
 #8

Let the price fall, if it will help bitcoin purge itself from another ponzi. We don't need that sort in our surroundings. Those people
that are strictly into bitcoin solely for the financial gain are the only one's that will lose.

My bitcoin count remains the same, and i don't valuate it because it's worth xyz fiat money, and neither should anyone else.
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February 02, 2016, 10:18:14 PM
 #9

Ezubao the largest online "financial" business which was a Ponzi scheme, it was closed today by the China gov.
Around of 8 billions USD are missing. Smiley

MMM Global(other ponzi scheme) which is very active in China and operates exclusively in bitcoin , it will be closed very soon too. The chinesses who "invested" in this ponzi will start withdrawing in mass.

It's expecting the BTC price to drop a lot.

http://www.dw.com/en/china-arrests-21-over-76-billion-ponzi-scam/a-19015190

The whole point with MMMGlobal is when it goes into "freeze" mode, like it is now in China, no withdrawals can be made.

Quote
It's expecting the BTC price to drop a lot.

Who is expecting? You?
We get the picture that you are anti bitcoin or a shorting shill from your continual negative posting. Whichever it is, don't stick bits of your own opinion into news items to justify it without any other proof.

Extraordinary Claims require Extraordinary Evidence
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February 03, 2016, 09:28:33 AM
 #10

Purging the Bitcoin ecosystem is good. If the price ever fall, it will be good for us. We'll have more cheap coins. Also, I'll still own the same amount of bitcoins. I don't care how much fiat it is worth.
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