Big ponzi scheme pumps bitcoin.

[guy_wonderful]

A "MMM" Ponzi scheme- which once was a bigest ponzi scheme of the world of all times - probably pumps bitcoin.


Im sorry, I do not have ability to write literary beautiful text at time.

BUT. There is something that could be really interesting.
A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India.

Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there.

(ABOUT MMM)

BTC price compared to ponzi popularity PHOTO
MMM is a keyword which is among most popular search words by google trends there. GOOGLE
BITCOIN trends


Population in Nigeria is a 173 million people. With average early salaries of $4000

MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA)

The creator of thiz ponzi is the same SERGEY MAVRODI who owned a world biggest ponzi based in Russia.
Where they grew, attracted and then lost $10 billion of investors money, just in 9 months.
 

[Vaskiy]

A "MMM" Ponzi scheme- with once was a bigest ponzi scheme in the world of all times probably pumps bitcoin.


Im sorry, I do not have ability to write literary beautiful text this time.

BUT. There is something that could be really interesting.
A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India.

Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there.

(ABOUT MMM)

BTC price compared to ponzi popularity. PHOTO
MMM is a keyword which is among most popular search words by google trends there. GOOGLE
BITCOIN trends


Population in Nigeria is 173 million people. With average early salaries of $4000

MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA)

The creator of thiz ponzi is the same SERGEY MAVRODI, which once owned a world biggest ponzi based in Russia.
Where they grew, attracted and then lost $10 billions of investors money, just in 9 months.
 

Long back itself the same news was found in our forum. The good thing with it is the popularity increase of bitcoin in the African country. Already the MMM is stated as an Ponzi and to retain the trust it came with the use of bitcoin as payment. As they planned it worked out attracting a big number of participants making it successful. But government have released several warning statements regarding the same.

[pooya87]

good job on advertising it here

and this is not the first one of these and certainly won't be the last. this is not even the biggest one out there! there has been others. and this subject has been discussed to death a couple of times. and no with what i have seen an MLM scam is not big enough to be able to "pump" bitcoin. because first of all people who are investing in it are idiots with no money so they won't be buying 1000BTC to invest in the MLM. i assure you it is not bigger than 0.01BTC.
also the scammers dump those coins to get the money so any buy pressure that their scam creates will be accompanied by a sell pressure by the scammers who are dumping it.
also it is all done off the exchanges and mostly through places such as localbitcoins and no matter how much you buy there, price won't change.

[davis196]

Average early salaries of $4000.You mean $4000 per year,right?
Why do you care about some ponzi that will steal a few million USD from the naive and poor people?
A few million dollars won`t pump the bitcoin price.
Ponzi schemes will exist as long as there are stupid people with money.Sad but true.

[Pamadar]

Average early salaries of $4000.You mean $4000 per year,right?
Why do you care about some ponzi that will steal a few million USD from the naive and poor people?
A few million dollars won`t pump the bitcoin price.
Ponzi schemes will exist as long as there are stupid people with money.Sad but true.

reality of life people are hurrying to get money from easy way around, I've been a victim of that ponzi a year ago same stupidity that brought to my attention with just investing and wait for 2 weeks you will earn an easy 30% of your actual investment, too good too be true but that's MMM promise for those who get in early will enjoy the money but because its a ponzi sad for those who will be catch and be left behind, better to stay away and never think that its helping btc because it's not doing it in the right way.

[cengsuwuei]

title thread and content is not equal
bitcoin is not ponzi scheme, but youre write about MMM is true, in there use ponz scheme system, you can get profit another member pay

[ethereumhunter]

A "MMM" Ponzi scheme- which once was a bigest ponzi scheme in the world of all times - probably pumps bitcoin.


Im sorry, I do not have ability to write literary beautiful text at time.

BUT. There is something that could be really interesting.
A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India.

Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there.

(ABOUT MMM)

BTC price compared to ponzi popularity PHOTO
MMM is a keyword which is among most popular search words by google trends there. GOOGLE
BITCOIN trends


Population in Nigeria is a 173 million people. With average early salaries of $4000

MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA)

The creator of thiz ponzi is the same SERGEY MAVRODI who owned a world biggest ponzi based in Russia.
Where they grew, attracted and then lost $10 billion of investors money, just in 9 months.
 

no doubt for this and i see in many places is promoted MMM and after they integrated their payment with bitcoin, then bitcoin itself suddenly become popular among people. but if the site is offering ponzi schemes, then it will make people gets scam without they know how long the site will online. and now, i think MMM is reduce the popularity and many people is being disappointed with that programs. they really attract many people from many country and yes there are making a lot of money because of this program.

[xypos]

A "MMM" Ponzi scheme- which once was a bigest ponzi scheme in the world of all times - probably pumps bitcoin.


Im sorry, I do not have ability to write literary beautiful text at time.

BUT. There is something that could be really interesting.
A MMM ponzi looks like is pumping our beloved bitcoin. With intent or without. They becoming very popular ir Africa, India.

Official ponzi webite in Nigeria. https://nigeria-mmm.net/ As you can see , they accept bitcoins as payments there.

(ABOUT MMM)

BTC price compared to ponzi popularity PHOTO
MMM is a keyword which is among most popular search words by google trends there. GOOGLE
BITCOIN trends


Population in Nigeria is a 173 million people. With average early salaries of $4000

MMM offical websites are also among most 10 visisted there, took 9th place now. (ALEXA)

The creator of thiz ponzi is the same SERGEY MAVRODI who owned a world biggest ponzi based in Russia.
Where they grew, attracted and then lost $10 billion of investors money, just in 9 months.
 

Although this might sound like an advertisement for the MMM ponzi scheme, I don't think it is.

The ponzi scheme is one of the biggest in the world and is known for its notorious pattern of creating new branches of its ponzi scheme with the same founder(Mavrodi, we all know this guy) after an old one collapses.

What I find funny is that it actually claims to be the savior of people that are struggling financially.

It also claims to be a "community of people helping other people". Which is completely false.

Bitcoin is the main payment processor that people use nowadays to join these ponzi schemes, simply because they are so accessible and reliable. It is not bitcoin's fault, but rather the ponzi operaters at fault. Even if there was no bitcoin, people would use other payment methods to invest in the ponzi.

[nydiacaskey01]

This happened already when MMM was introduced in China I guess it was last year and it helped the price of Bitcoin to surge that even a representative from Hao BTC admitted the presence of MMM in China and that they have a number of depositors who invested in MMM. Any movement of BTC to change hands will have an effect on the price. How ever investing in schemes like Mavrodis MMM is not a good idea and may result to losing more instead of gaining some.

[Tzupy]

Google trends still lists Nigeria as having the worldwide highest interest in bitcoin, but that is fading. Here is the Nigerian interest level in bitcoin over the last year.

[bettercrypto]

Graph shows that it is not true that this Big ponzi is pumping Bitcoin today.  As far as I know this ponzi company had been around  for sometime now so definitely it is not pumping Bitcoin.  And as the graph shown, interest falls at late February, this means this ponzi schemes strategy is deteriorating making people from that country immune to their hypes and at the same time avoid Bitcoin since it is connected to that ponzi marketing scheme.

[criptix]

Average early salaries of $4000.You mean $4000 per year,right?
Why do you care about some ponzi that will steal a few million USD from the naive and poor people?
A few million dollars won`t pump the bitcoin price.
Ponzi schemes will exist as long as there are stupid people with money.Sad but true.

Well its actually 2500$ per year (2016) - not sure where that 4000 comes from.
I doubt there will be trillions of $ coming from nigera ^^"

[rotors]

Post author smoking something green

[york780]

Average early salaries of $4000.You mean $4000 per year,right?
Why do you care about some ponzi that will steal a few million USD from the naive and poor people?
A few million dollars won`t pump the bitcoin price.
Ponzi schemes will exist as long as there are stupid people with money.Sad but true.

Well its actually 2500$ per year (2016) - not sure where that 4000 comes from.
I doubt there will be trillions of $ coming from nigera ^^"

its still an important indicator that countrys with an extreme high inflation and so a weak feat currency use bitcoin. When this is decreasing its not a good sign

[jaceefrost]

Nah. After it collapsing last holiday season way back on 2016 it isn't as big as the same as it used to so it is impossible that it is them that is causing the btc price to pump and dump these days. People like you posting about them only give them recognition and helps them to get more fools to be involved.

[guy_wonderful]

Nah. After it collapsing last holiday season way back on 2016 it isn't as big as the same as it used to so it is impossible that it is them that is causing the btc price to pump and dump these days. People like you posting about them only give them recognition and helps them to get more fools to be involved.

You really think that somebody in his own mind gonna spend money there?
Ok so there is nothing to be afraid of?  I just think that this topic must be researched more. As capitalization of our bitcoin is just small ,that everything like this ponzi can afect it.

If we say 50mil people spend just 20 bucks, it's a $ billion in bitcoin already.

Average early salaries of $4000.You mean $4000 per year,right?
Why do you care about some ponzi that will steal a few million USD from the naive and poor people?
A few million dollars won`t pump the bitcoin price.
Ponzi schemes will exist as long as there are stupid people with money.Sad but true.

Well its actually 2500$ per year (2016) - not sure where that 4000 comes from.
I doubt there will be trillions of $ coming from nigera ^^"

Actualy  special to this mmm ponzi psihology, people like to go all-in there.
Aslo a quantity is important not a money amount.
p.s.
this site tells 3600 i rounded up to 4k  OK?

Post author smoking something green

I realy think this could be affecting bitcoin much. But a bigger research is needed to tell extacly. Can you prove that's they are not in a role of afecting price big. No? then ^$$#U&! 

[Arcteryx]

And I thought they were using their own pesa payment system.
Trying to FUD on bitcoin and promote their own payment system it seems.

[Iranus]

Oh come on, one Ponzi scheme can't pump the Bitcoin price.  Did it even occur to you that people are going to put their Bitcoin into the scheme when the price is as high as possible?  The scheme claims to have its own payment system I think (it's pretty hard to understand), but if true it'll mean that when putting Bitcoin in it'll be converted to something else, so in the same way that people want to sell their Bitcoin when the price is as high as possible, they'll put it into that Ponzi scheme when the price is high as well.

The two things are a correlation, not a causation.  Big difference.

[maku]

If MMM really is interested in profits above all else. Then why don't they pick another crytpocurrency?
Some altocoin with lower market cap than bitcoin would be even easier to influence and exploit.
Ideal way to milk people dry would be creating their own altcoin and payment system - like OKCoin.

[guy_wonderful]

Oh come on, one Ponzi scheme can't pump the Bitcoin price.  Did it even occur to you that people are going to put their Bitcoin into the scheme when the price is as high as possible?  The scheme claims to have its own payment system I think (it's pretty hard to understand), but if true it'll mean that when putting Bitcoin in it'll be converted to something else, so in the same way that people want to sell their Bitcoin when the price is as high as possible, they'll put it into that Ponzi scheme when the price is high as well.

The two things are a correlation, not a causation.  Big difference.

Doesn't that exactly means that x amount of bitcoin is acumulated and keeped (by this structure),and in hands by small group of people?
I will not be suprised if they control bitcoin for $2.5-$3 billion.