MMM affect bitcoin price

[DaddyMonsi]

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.

You'll be surpised to know that some heavy MMM investors are even investing up to 25 BTC in hopes that it would earn up to 30% in a few days. While those who invests only 0.01BTC will wait for takers.

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[JustDie]

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

MMM and bitcoin is different ,,

MMM is like investing also can be scam

[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.

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.

Mavrodi is a well known scammer all over the world. He runs this MMM since 1989 and collapse last 1997. All the victims left none with billion of russian money disappeared, many people also commited suicide because of depression. He also run for president in russia and almost win. His motive on creating this system is to destroy banking system all over the world. He hate bank so much I forgot the reason why. After 10years of hiding mavrodi show up again to build MMM. The reason MMM is very well known

[Jmild1]

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

MMM and bitcoin is different ,,

MMM is like investing also can be scam

I know, but what I'm talking about is the price of bitcoin, MMM uses bitcoin currency, if many people leave MMM that would be a decrease of bitcoin demand. Because this people will convert there virtual money to a money

[tmfp]

MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively.
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.

https://bitcointalk.org/index.php?topic=1382615.0

There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.

If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?

[maokoto]

Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC 

[Jmild1]

MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively.
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.

https://bitcointalk.org/index.php?topic=1382615.0

There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.

If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?

Finally! a user that know how MMM and what MMM really is. You're right, if we're going to observe MMMglobal most of the transaction are thousands of dollar. You can barely see people having transaction that is atleast 1,000usd.

[LMGTFY]

MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively.
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.

https://bitcointalk.org/index.php?topic=1382615.0

There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.

If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?

Fiat's probably not quite as bad but some fiat pushers owe their survival to dirty money:

At the height of the 2008 banking crisis, Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were "the only liquid investment capital" available to banks on the brink of collapse. "Inter-bank loans were funded by money that originated from the drugs trade," he said. "There were signs that some banks were rescued that way."

I'm in two minds about MMM - yes, it's obviously a scam, the founder has served time in jail as a result, but if it draws people to Bitcoin, that's great (I just hope they don't associate BTC with MMM too strongly). I doubt all MMM participants would sell their BTC at the same time, so I doubt there'll be too much of a downside (for us). (I'm also pretty sceptical about MMM having much to do with the rise last year - MMM has been growing steadily for some time, it didn't suddenly explode into life in late 2015).

[Jmild1]

It's suddenly spread last 2015. It opens different branches all-over the world.  This are the countries, every country you choose here has different domain associated specifically in area where you choose it http://screencast.com/t/FKVhVluX

[Jmild1]

Here's the lsit of MMM branches (Note: Mavrodi founded this MMM with bitcoin currency last 2014 of Nov and this shows how fast MMM spread worldwide.)
http://mmmglobal.org/ global (has the most high value transaction like thousand and million of dollars)
http://argentina-mmm.net/
http://australia-mmm.net/
http://bangladeshmmm.com/
http://brazil-mmm.net/ Brazil
http://cambodia-mmm.net/
http://china-mmm.net/ (one of the biggest investor coming from, most of them go to global)
http://colombia-mmm.net/
http://ea-mmm.net/ (east africa)
http://hongkong-mmm.net/
http://mmmindia.in/
http://indonesia-mmm.net/
http://japan-mmm.net/
http://korea-mmm.net/
http://kuwait-mmm.net/
http://malaysia-mmm.net/
http://mexico-mmm.net/
http://peru-mmm.net/
http://philippines-mmm.net/
http://singapore-mmm.net/
http://rsa-mmm.co/ (South africa)
http://thailand-mmm.net/
http://turkey-mmm.net/
http://usa-mmm.net/
http://venezuela-mmm.net/
http://vietnam-mmm.net/
http://mmm.systems/ (social financial network, I don't know this area)

I think this is the latest country he founded MMM
http://www.iol.co.za/news/crime-courts/russian-fraudster-hits-s-africans-1911289

[tmfp]

And also now MMMUniverse, which develops the concept of Mavrocoin 'mining', extends the referral system into a sort of conventional matrix and pays 100% in 20 days.
Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again.

https://mmmuniverse.help/what_is_mmm/index.html

[Jmild1]

And also now MMMUniverse, which develops the concept of Mavrocoin 'mining', extends the referral system into a sort of conventional matrix and pays 100% in 20 days.
Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again.

https://mmmuniverse.help/what_is_mmm/index.html

I think MMMuniverse is not founded by Mavrodi. Many people try to copy MMM without the founder know it. more like to scam other people that uses ponzi(mmm) that scams ignorant people.

[Coinnosaurus]

I don't think this may affect bitcoin price, yes someone might invest/cash out in bitcoin but the majority would use more easier way to deposit/withdraw funds.

[tmfp]

And also now MMMUniverse, which develops the concept of Mavrocoin 'mining', extends the referral system into a sort of conventional matrix and pays 100% in 20 days.
Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again.

https://mmmuniverse.help/what_is_mmm/index.html

I think MMMuniverse is not founded by Mavrodi. Many people try to copy MMM without the founder know it. more like to scam other people that uses ponzi(mmm) that scams ignorant people.

It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.

I don't think this may affect bitcoin price, yes someone might invest/cash out in bitcoin but the majority would use more easier way to deposit/withdraw funds.

As has been said above, if you haven't got a Bitcoin wallet, you can't play at Global.
Also, local banks e.g Capitec SA, are getting presumably regulatory pressure to refuse fiat transfers if MMM is suspected, forcing more and more to use Bitcoin.

[Jmild1]

It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.

I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly

[tmfp]

It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.

I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly

This is tied in with the "mining"

[Jmild1]

It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.

I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly

This is tied in with the "mining"

That's not how it works and the 100% is not mining, it is called MMM Extra

This is how 100% monthly works
http://screencast.com/t/xuYKFbP2
http://screencast.com/t/e3qloTnTghHt
http://screencast.com/t/QWxYQ7d8

[tmfp]

Yes, I know.
In the context of this thread, the point I was trying to get across is that MMM is morphing into something more and more interlinked with Bitcoin.
Universe is as "legit" as the other versions and seems to indicate the way this huge scam is changing.

[ingiltere]

MMM has no to very little effect to Bitcoin price. The only thing which is affected here would be MMM users. It doesn't involve Bitcoin community so I don't see any reason to discuss this ponzi scheme here. It's their choice to give money to ponzi promoters, I don't blame ignorant people.

[tmfp]

It doesn't involve Bitcoin community so I don't see any reason to discuss this ponzi scheme here.

That's the reason it should be.
The "Bitcoin community" can talk and talk around in circles about blocks and other clever stuff, but their precious coin is actually being used in considerable volume by these "non community" people.
Ignore it at your peril.