MMM affect bitcoin price

[Jmild1]

I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?

[richardsNY]

I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?

It already happened in late 2015. Right now this MMM ponzi has no effect and will not have an effect anymore. It's done. Right now it's purely the block halving that people are focusing on.

[Jmild1]

I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?

It already happened in late 2015. Right now this MMM ponzi has no effect and will not have an effect anymore. It's done. Right now it's purely the block halving that people are focusing on.

How'd you know that it will not affect btc anymore? MMM uses bitcoin when it comes to their transactions

[The Sceptical Chymist]

Right, but what transaction volume are you talking about?  MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam.  And I don't think that if they went kablooey it would have much of an effect on bitcoin.  Bitcoin has been through much much worse.

[Jmild1]

Right, but what transaction volume are you talking about?  MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam.  And I don't think that if they went kablooey it would have much of an effect on bitcoin.  Bitcoin has been through much much worse.

They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember.

The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin.

[gentlemand]

Totally depends on where such coins are being bought and sold. I read recently that South African localbitcoins volume has gone mad. That's blatantly MMM. That also has little effect on overall values as localbitcoins isn't a relevant exchange. Other big countries include the Philippines. Again, there's no exchange that counts there.

[coinzat]

can anyone tell me what is MMM and what is the relation between it and btc ? because I still did not get what it is so far even after reading the previous posts !

[richardsNY]

I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?

It already happened in late 2015. Right now this MMM ponzi has no effect and will not have an effect anymore. It's done. Right now it's purely the block halving that people are focusing on.

How'd you know that it will not affect btc anymore? MMM uses bitcoin when it comes to their transactions

The majority (if not all of the coins) that were in the hands of the MMM victims back in 2015, are already sold which caused the price to tank significantly after reaching the $500 price level. The ponzi right now only operates in other (not important) parts of the world, but it doesn't even make a dent in the current exchange price. It's too minor.

[gentlemand]

can anyone tell me what is MMM and what is the relation between it and btc ? because I still did not get what it is so far even after reading the previous posts !

A 'financial help' network founded by this guy https://en.wikipedia.org/wiki/Sergei_Mavrodi who is a serial and convicted scammer. He switched to Bitcoin because it can't be shut down.

[nostal02]

MMM is a fucking scam, a MLM company that offers incentives to user that helps other user on your downline.
They only get money if theres a new depositor but if theres not then you wont get paid.

[romero121]

MMM is a fucking scam, a MLM company that offers incentives to user that helps other user on your downline.
They only get money if theres a new depositor but if theres not then you wont get paid.

Its a scam. Most people had lost a huge amount. So the MMM doesn't have a impact over the price of our technology development. In MMM only few have succeeded making others fool.

[pooya87]

scammers can not have any significant effect on bitcoin price no matter how big it is. if the scam is huge (like running the pyramid scheme in africa) it is just going to create a temporary demand volume (which will raise the price BTW) and it is going to wear off after the scam became clear, in which case everything is back to normal again.

[DaddyMonsi]

nah they wont effect the price of Bitcoin anymore, their bubble already exploded last year and they are now more known as a scam for not paying those who deposited last December 2015 for their +50% money back for all deposits made through Dec 15 2015. They cant withdraw the profits and the capital. And now for them get a portion of their invested money, they need to sponsor (invite) someone who will invest as well. scam!

[Jmild1]

nah they wont effect the price of Bitcoin anymore, their bubble already exploded last year and they are now more known as a scam for not paying those who deposited last December 2015 for their +50% money back for all deposits made through Dec 15 2015. They cant withdraw the profits and the capital. And now for them get a portion of their invested money, they need to sponsor (invite) someone who will invest as well. scam!

That's right. They freeze all the money of people deposited last dec. Fooling them they will guarantee 50% growth within month but then after that many excuses occur such us programming code, hacks, ddos attack and more. But then they can't cover the angry people that think they had been fooled

[~Bitcoin~]

I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?

no you are not right now, price of bitcoin is not depended upon MMM ponzis.

[hasiramasenju]

I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?

actually i was never know why MMM related with bitcoin prices but about your questions it could be true but possible to you are wrong

[jacee]

After what happened to MMM last holiday season which is back late 2015, I think they no longer have any effect on bitcoin. Their scam will eventually collapse an sooner now and afaik most of their users had already left and dump their coins to get their fiat or atleast join another scam.

[Jmild1]

I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?

no you are not right now, price of bitcoin is not depended upon MMM ponzis.

I questioned it because MMM is a bigtime ponzi scheme. It has so many branches all over the world and many participants especially in Russia and China.

[DaddyMonsi]

After what happened to MMM last holiday season which is back late 2015, I think they no longer have any effect on bitcoin. Their scam will eventually collapse an sooner now and afaik most of their users had already left and dump their coins to get their fiat or atleast join another scam.

The big investors are the one who earns because they are the one who gets prioritized once their investment matures and ready to be withdrawn. If you look at their Facebook group page, its like they are just making a fool of themselves.

[The Sceptical Chymist]

Right, but what transaction volume are you talking about?  MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam.  And I don't think that if they went kablooey it would have much of an effect on bitcoin.  Bitcoin has been through much much worse.

They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember.

The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin.

Hmm.  I assumed they were a ponzi but I have to plead ignorance about the details.  I heard they're a Russian operation and that surprises me they're that big if it's a ponzi.  I suppose I underestimated the amount of stupidity in the world.