MMM affect bitcoin price | Bitcointalksearch.org

tmfp

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Quote from: benmartin613 on April 14, 2016, 05:08:53 AM

Quote from: Blitzboy on April 12, 2016, 04:04:51 PM

MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm..

There are only a few user of MMM and they dont affect much in bitcoin price because most users who are in bitcoin know that MMM is a scam.

How many users are there then? How many is a "few"? Numbers please.
The whole point is that most MMMGlobal users are not "in bitcoin".

I am resisting the temptation to tell you to take your Yobit spam elsewhere.

benmartin613

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Quote from: Blitzboy on April 12, 2016, 04:04:51 PM

MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm..

There are only a few user of MMM and they dont affect much in bitcoin price because most users who are in bitcoin know that MMM is a scam.

tmfp

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Quote from: iv4n on April 14, 2016, 04:34:34 AM

I hope people will be smarter in future

Don't start holding your breath Wink

It seems that in answer to the original question, MMM may have had some positive effect on the rise in BTC price late last year, as "The Republic of Bitcoin" attracted new users, a lot of them BTC virgins.
Now that they have been scammed, or at least had their deposits frozen, it seems unlikely that there can be a mass dump of Bitcoins unless the scammers decide to do so.
Converting a large sum of Bitcoin to fiat is not without its problems, especially as it is Russian based, given the Russian authorities attitude to Bitcoin and its newly passed Ponzi laws. Also, with the possibility of further price increases what better place to keep stolen money?

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Quote from: Blitzboy on April 12, 2016, 04:04:51 PM

MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm..

Haha but ponzi schemes didn't come from bitcoin, that existed before and will exist in the future. I don't think it will affect on bitcoin price, it will affect people who invested in that ponzi. There will always be people who believe in miracles and 110 % from doing nothing in 3 days so while there is a sheeps there will be someone to cut their hairs.
Stupid people will think like that about bitcoin, smart people will know the truth because they saw that happened with dollars, rubles, and any other currency..
I hope people will be smarter in future, cause of that everywhere is written "inform your self before you invest your money". People who came here and saw all this comments will not invest in that kind of services. This one of the best places for something like that.

torontoluxuryhomes

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https://www.cryptocoinsnews.com/mmm-global-closes-republic-of-bitcoin-an-alleged-ponzi-scheme/

they are a scam already or not?

Blitzboy

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MMM one of the known ponzi and i think it will affect for bitcoin because its a scam ponzi and many people are invested in that sites. so instead people will buy bitcoin they will not buy it anymore because of mmm..

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Quote from: BitMaxz on April 12, 2016, 12:27:45 PM

Honestly MMM helps promoting bitcoin why bitcoin price is increase to 400 to 500 last november 2015 because they are promoting for some countries like here in my country they are promoting bitcoin to use for their deal and transaction to invest peoples money.. to bitcoin.. honestly i am nearly to invest before but i found this forum and see that this is a kind of ponzi scheme and dont trust this site..
If ever this site or MMM will down or vanished it won't affect bitcoin price..

I absolutely didn't get the idea why you said that it won't affect bitcoin once it collapsed.

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Honestly MMM helps promoting bitcoin why bitcoin price is increase to 400 to 500 last november 2015 because they are promoting for some countries like here in my country they are promoting bitcoin to use for their deal and transaction to invest peoples money.. to bitcoin.. honestly i am nearly to invest before but i found this forum and see that this is a kind of ponzi scheme and dont trust this site..
If ever this site or MMM will down or vanished it won't affect bitcoin price..

tmfp

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"Common rogue from Russia with a bare ass."

Maybe something to do with MMMGlobal shut down and Mavrodi's very low profile since, most admins on social media seemed to be based in Russia.

http://www.rapsinews.com/legislation_news/20160330/275727532.html

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Quote from: Jmild1 on April 11, 2016, 11:37:38 AM

I saw an announcement the other day that they removed MMM extra which will earn you 100% per month. They said that they can't afford such high reward and they did the same thing freezing investment in MMM extra section

Yes this is true and they can only pay 30% per month and there are still a lot of people that have a frozen withdrawal because they dont have much money to pay their investor,MMM will die now and still wont affect bitcoin price.

DaddyMonsi

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Quote from: Nahl on April 10, 2016, 10:23:15 AM

I heard that MMM ponzi was shutting down few days ago but i guess MMM will not having any affect for bitcoin
because on these few days bitcoin prices look stable

They are not going to shut down "yet" they just removed the extra that makes their investment to reach 100% but as time goes by more and more MMM members are going impatient because of their Old Mavros that are still in Frozen status meaning they can't withdraw it yet.

I saw a post in their Facebook page that there will be a new account that will be generated for them but their downlines will not be transferred together with their new account. I still need to have this verified.

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I saw an announcement the other day that they removed MMM extra which will earn you 100% per month. They said that they can't afford such high reward and they did the same thing freezing investment in MMM extra section

Nahl

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I heard that MMM ponzi was shutting down few days ago but i guess MMM will not having any affect for bitcoin
because on these few days bitcoin prices look stable

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arseaboy

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this ponzi really affected bitcoin last year because many members bought the coin to joined the company, it reflects because we feel the fluctuation, but still I guess that's diff story already as many companies embrace bitcoin process for orders and payments I should say that the coin already established itself.

zby

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I think that MMM was in a big part responsible for the run up to 500 last year - because the new MMM players were buying bitcoins to invest there. But the collapse of MMM is probably already priced in - because first the Chinese branch (which I assume to be the biggest one) already defaulted last year and second during course of the scam people or the Mavrodi accomplices were probably constantly caching out from mavrodis to BTC to cash balancing out the demand created by the new players.

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Quote from: Denker on April 09, 2016, 11:58:26 AM

Quote from: tmfp on April 09, 2016, 04:36:32 AM

Quote from: UngratefulTony on April 08, 2016, 09:59:23 PM

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

MMMGlobal and associated sites actually registered in 2014. Tracking its growth is difficult but see the graphs I have posted here. It could be inferred that the late 2015 rise in price and popularity of MMMGlobal were similar, so in answer to your question, maybe ~$250 when Global really got going.

Quote from: Denker on April 09, 2016, 04:10:56 AM

So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far.
Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it.
Bitcoin will survive it and the impact imo will not be that big as some here predicted.

All that's happened is a quantity of Bitcoin has changed ownership, from scammed to scammers.
It doesn't mean that whoever is behind MMM will immediately cash out into fiat. Why should they?

Don't know.Could be several reasons. Maybe the scammers on top only saw Bitcoin as a tool as you said and prefers to have fiat.Or he finds some realtor who accepts Bitcoin for a new villa.Or a dealer who accepts it for vintage cars.And realtors and dealers would convert back to fiat.I'm just making some pure wild maybe dumb guesses here.
To be honest I don't care.And if they hold Bitcoin for whatever reason that's fine to me as well.
I just feel sorry for the naive people who were fallen for that sh**!Except the greedy ones.They got what they deserve.

every scam of this nature is bound to come to and end, they all have an expiration date, it is not about preferring fiat. in fact i think they prefer bitcoin much more than fiat because it is harder to follow bitcoin to the real owner and find the scammers.

i am interested to see if it can affect the price of bitcoin at all!

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I haven't been paying enough attention to figure out how this sexy Russian guy makes the money. What's the relationship between Mavros and coins? Is he sitting on a large pile or is evenly distributed between all the mugs?

vero

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Quote from: Denker on April 09, 2016, 11:58:26 AM

Quote from: tmfp on April 09, 2016, 04:36:32 AM

Quote from: UngratefulTony on April 08, 2016, 09:59:23 PM

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

MMMGlobal and associated sites actually registered in 2014. Tracking its growth is difficult but see the graphs I have posted here. It could be inferred that the late 2015 rise in price and popularity of MMMGlobal were similar, so in answer to your question, maybe ~$250 when Global really got going.

Quote from: Denker on April 09, 2016, 04:10:56 AM

So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far.
Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it.
Bitcoin will survive it and the impact imo will not be that big as some here predicted.

All that's happened is a quantity of Bitcoin has changed ownership, from scammed to scammers.
It doesn't mean that whoever is behind MMM will immediately cash out into fiat. Why should they?

Don't know.Could be several reasons. Maybe the scammers on top only saw Bitcoin as a tool as you said and prefers to have fiat.Or he finds some realtor who accepts Bitcoin for a new villa.Or a dealer who accepts it for vintage cars.And realtors and dealers would convert back to fiat.I'm just making some pure wild maybe dumb guesses here.
To be honest I don't care.And if they hold Bitcoin for whatever reason that's fine to me as well.
I just feel sorry for the naive people who were fallen for that sh**!Except the greedy ones.They got what they deserve.

sorry i think if who behind MMM use bitcoin to buy a new villa or vintage car it will give a good impact on the bitcoin and will certainly be followed by the price increase instead of decrease in prices.

Denker

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Quote from: tmfp on April 09, 2016, 04:36:32 AM

Quote from: UngratefulTony on April 08, 2016, 09:59:23 PM

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

MMMGlobal and associated sites actually registered in 2014. Tracking its growth is difficult but see the graphs I have posted here. It could be inferred that the late 2015 rise in price and popularity of MMMGlobal were similar, so in answer to your question, maybe ~$250 when Global really got going.

Quote from: Denker on April 09, 2016, 04:10:56 AM

So this Ponzi finally shuts down and Bitcoin lost around 2% of value so far.
Let's wait how this will develop the next few days. If nothing more serious in terms of price decline will happen I think that's it.
Bitcoin will survive it and the impact imo will not be that big as some here predicted.

All that's happened is a quantity of Bitcoin has changed ownership, from scammed to scammers.
It doesn't mean that whoever is behind MMM will immediately cash out into fiat. Why should they?

Don't know.Could be several reasons. Maybe the scammers on top only saw Bitcoin as a tool as you said and prefers to have fiat.Or he finds some realtor who accepts Bitcoin for a new villa.Or a dealer who accepts it for vintage cars.And realtors and dealers would convert back to fiat.I'm just making some pure wild maybe dumb guesses here.
To be honest I don't care.And if they hold Bitcoin for whatever reason that's fine to me as well.
I just feel sorry for the naive people who were fallen for that sh**!Except the greedy ones.They got what they deserve.

Topic: MMM affect bitcoin price (Read 6325 times)