Biggest bitcoin ponzi ever (?) shuts down. Farewell to MMM

[alani123]

https://twitter.com/btcWhaleclub/status/718537083434987521/photo/1

It won't be missed.

[adamstgBit]

oh now the drop in BTC price is making sense, MMM guy is cashing out his winnings

[fuathan]

I can't believe that people be deceived with this shitty games...

[The Sceptical Chymist]

I can't believe that people be deceived with this shitty games...

Yeah well, it doesn't surprise me in the least, and good fucking riddance I say.  Farewell and I'll see you in hell.

[UngratefulTony]

Does anyone recall what the BTC price was... when MMM Republic of Bitcoin™ first fired up?

[alani123]

I can't believe that people be deceived with this shitty games...

MMM was more that just a game

https://www.youtube.com/results?search_query=MMM+bitcoin
https://www.youtube.com/results?search_query=MMM+philipines
https://www.youtube.com/results?search_query=MMM+south+africa

Honestly, just look into Sergey Mavrodi, this guy has a history of creating ponzi schemes with epic proportions.

[Monnt]

Bitcoin ponzi on a global scale. Exactly what people fear when first starting with bitcoin, and have their doubts about its anonymity.

I really hate these scammers.

[KenR]

oh now the drop in BTC price is making sense, MMM guy is cashing out his winnings

How is it making sense ? Many ponzi schemes collapse every day ,don't know how bunch of people can affect the the prices ?He cashing out his winnings only means he is releasing the coins right ?

[arwin100]

Oh my my friend is putting big btc their and it is stuck and he cannot get his capital in MMM feel so sorry for him. I think MMM  is collapsed due to few of investors giving ph and i think their past investors is running and do not comeback to provide help for others.

[ebliever]

What kind of people are naive enough to put their money into scams like this and expect anything except to lose their money?

Greed is one thing, but this sort of thing is just stupid.

[zerocharisma]

Oh my my friend is putting big btc their and it is stuck and he cannot get his capital in MMM feel so sorry for him. I think MMM  is collapsed due to few of investors giving ph and i think their past investors is running and do not comeback to provide help for others.

Big mistake for him. That's what happen when you put too much trust on a ponzi scheme. It's not about the investors, if the owner already plan to steal the money you can't do anything. Why would you trust people that you don't know?? I can't believe there are still many of you people believe on ponzi schemes.

[franky1]

Oh my my friend is putting big btc their and it is stuck and he cannot get his capital in MMM feel so sorry for him. I think MMM  is collapsed due to few of investors giving ph and i think their past investors is running and do not comeback to provide help for others.

Big mistake for him. That's what happen when you put too much trust on a ponzi scheme. It's not about the investors, if the owner already plan to steal the money you can't do anything. Why would you trust people that you don't know?? I can't believe there are still many of you people believe on ponzi schemes.

lol people know its a ponzi right from the outset. there is no such think as a trustable ponzi scheme. the only issue is that people stupidly put funds in thinking they are the early birds who are able to get out before the late arrivals try.

even before trying to find out who owns the ponzi the investors should have realised it was a ponzi and fully understood what a ponzi is, and then avoid it

[pooya87]

oh now the drop in BTC price is making sense, MMM guy is cashing out his winnings

How is it making sense ? Many ponzi schemes collapse every day ,don't know how bunch of people can affect the the prices ?He cashing out his winnings only means he is releasing the coins right ?

i don't have any more information other than what i have read on the speculation board about this ponzi called MMM, but it is not like those Ponzi schemes you and i see everyday (doubler,...) it was on a bigger scale with some elaborate scam.

although as i said there too, it is not going to have that much an effect on bitcoin price.

[krunox123]

Oh my my friend is putting big btc their and it is stuck and he cannot get his capital in MMM feel so sorry for him. I think MMM  is collapsed due to few of investors giving ph and i think their past investors is running and do not comeback to provide help for others.

Big mistake for him. That's what happen when you put too much trust on a ponzi scheme. It's not about the investors, if the owner already plan to steal the money you can't do anything. Why would you trust people that you don't know?? I can't believe there are still many of you people believe on ponzi schemes.

lol people know its a ponzi right from the outset. there is no such think as a trustable ponzi scheme. the only issue is that people stupidly put funds in thinking they are the early birds who are able to get out before the late arrivals try.

even before trying to find out who owns the ponzi the investors should have realised it was a ponzi and fully understood what a ponzi is, and then avoid it

Well, most of the time, people who 'invest' in a Ponzi always said, "as long as they still pay, why not take the risk/chance?". Then, they cry over spilled milk when the Ponzi shutdown or after they ran away with 'investor' funds.

[alani123]

oh now the drop in BTC price is making sense, MMM guy is cashing out his winnings

How is it making sense ? Many ponzi schemes collapse every day ,don't know how bunch of people can affect the the prices ?He cashing out his winnings only means he is releasing the coins right ?

i don't have any more information other than what i have read on the speculation board about this ponzi called MMM, but it is not like those Ponzi schemes you and i see everyday (doubler,...) it was on a bigger scale with some elaborate scam.

although as i said there too, it is not going to have that much an effect on bitcoin price.

MMM was huge but IMO it's not worth speculating based on its closure. It's hard to know if the operators ran away with funds of significant value, and even if they did I'm sure it's be hard for them to cash that out through regular exchanges, especially in a way that would crash the market, that'd create a lot of noise which is something they'd want to avoid in that case. IMO if MMM is gone for good now, it's good for bitcoin because no more people will be introduced (or keep using) bitcoin solely for such a ponzi scheme.

[setupbounds]

https://twitter.com/btcWhaleclub/status/718537083434987521/photo/1

It won't be missed.

Many people try to scam people through MMM schemes. i just wonder when people know that these schemes will cheat them in the End, why they invest and trust these sites.
I havent known any MMM scheme which is trust able and actually pays people. Drop in bitcoin price is temporary.

[choppork]

Seriously though, do not invest to any websites like this one. I've joined 3 sites that were MMM alike. All of them are scam site. Some of them might pay on the start. When they get their target money, they will just close their company.

[setupbounds]

Seriously though, do not invest to any websites like this one. I've joined 3 sites that were MMM alike. All of them are scam site. Some of them might pay on the start. When they get their target money, they will just close their company.

You joined three such sites ?? Did u loose your money ?
I mean if u have invested in them, you will not be able to recover your hard earned Bitcoins. I think we should start an awareness campaign amoung all bit coin users so no one fall victim of such sites.

[choppork]

Yup, all of them. MyPayingAds is one of the three. It paid on the start and then they kind of had this 'problem' with Paypal. The owner, Uday Nara, won't even reply to my dispute requests. The other two, I can't even remember the name of them.

Yeah we should start that awareness campaign. I have a group on facebook about bitcoin and almost all users always fall into those HYIP websites.

[severaldetails]

If somebody promises to give me 100% per month, come on, I have to be realistic.
There must be a catch. If I lose my money, it would be completely my fault and I could not complain in any way.
Those investments keep the ponzi makers coming over and over again. So don't be too greedy.