MMM affect bitcoin price - page 2. | Bitcointalksearch.org

tmfp

legendary

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"Common rogue from Russia with a bare ass."

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?

Denker

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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.

UngratefulTony

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

tmfp

legendary

Activity: 1932

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"Common rogue from Russia with a bare ass."

https://www.youtube.com/watch?v=CO-bqhzkv9E

Jmild1

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Quote from: tmfp on April 08, 2016, 02:40:55 PM

Quote

Dear participants!
We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed. We turned out not to able to pay 100% per month. We can easily pay 30% per month (and we proved it in practice in many countries), but 100% is too much even for us.
That’s why the RB will be closed down.
All the participants’ RB-Mavro are transferred to the MMM-structure of the countries which the participants come from. If there is no MMM-structure working in this country, it will be created within two weeks from the date of this announcement.
All RB-Mavro will be demonstrated as “old” Mavro in PO. Any operations with them are impossible. Gradually, as your country will be developing, they will be paid back. 10% of the total input of the system will be spent on repaying “old” Mavro. This practice has already been tested in many countries and proved that it works. It usually takes a half a year to pay back old” Mavro.
This news is not very pleasant but there is nothing that can be done about it. It”s not the end of the world. We just have to wait a bit.
We hope for understanding, Administration

Woah, may I know where you get that source?

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote

Dear participants!
We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed. We turned out not to able to pay 100% per month. We can easily pay 30% per month (and we proved it in practice in many countries), but 100% is too much even for us.
That’s why the RB will be closed down.
All the participants’ RB-Mavro are transferred to the MMM-structure of the countries which the participants come from. If there is no MMM-structure working in this country, it will be created within two weeks from the date of this announcement.
All RB-Mavro will be demonstrated as “old” Mavro in PO. Any operations with them are impossible. Gradually, as your country will be developing, they will be paid back. 10% of the total input of the system will be spent on repaying “old” Mavro. This practice has already been tested in many countries and proved that it works. It usually takes a half a year to pay back old” Mavro.
This news is not very pleasant but there is nothing that can be done about it. It”s not the end of the world. We just have to wait a bit.
We hope for understanding, Administration

Jmild1

full member

Activity: 210

Merit: 100

Quote from: tmfp on April 08, 2016, 04:34:25 AM

Athough not directly related to this thread, MMM has gone into "freeze mode" pretty much everywhere. Sergei's stopped his weekly update vids too....

From "Andrew Globalsman", a Moscow based admin for South Africa

Quote

Many people from the different countries (Philippines, South Africa, Nigeria, Turkey, Brazil, etc) ask the same questions: “Why mavroz are not getting unfrozen after the realease date?” So, programmers said there is a delay in the work of the script and mavros are getting unfrozen with a few days delay. The more participants, the higher server load.
Programmers are making adjustments. They launched more crons....and the queue for unfreezing should be processed it and the problem will be sorted out. We apologize for a glitch. But we will sort it out. MMM is our cause!

His last vid says he will give video if there's necessary a news.
https://www.youtube.com/watch?v=6zORQDKxwQU

nydiacaskey01

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Quote from: tmfp on April 08, 2016, 04:34:25 AM

Athough not directly related to this thread, MMM has gone into "freeze mode" pretty much everywhere. Sergei's stopped his weekly update vids too....

From "Andrew Globalsman", a Moscow based admin for South Africa

Quote

Many people from the different countries (Philippines, South Africa, Nigeria, Turkey, Brazil, etc) ask the same questions: “Why mavroz are not getting unfrozen after the realease date?” So, programmers said there is a delay in the work of the script and mavros are getting unfrozen with a few days delay. The more participants, the higher server load.
Programmers are making adjustments. They launched more crons....and the queue for unfreezing should be processed it and the problem will be sorted out. We apologize for a glitch. But we will sort it out. MMM is our cause!

That freeze mode is everywhere I guess. They even implemented a sponsor a new member and get 10% of old mavro unfrozen but guess what when anyone placed a get help request or withdrawal, it will take weeks before someone will be assigned to Help you or fund your Get Help request. MMM members are truly brain washed.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Athough not directly related to this thread, MMM has gone into "freeze mode" pretty much everywhere. Sergei's stopped his weekly update vids too....

From "Andrew Globalsman", a Moscow based admin for South Africa

Quote

Many people from the different countries (Philippines, South Africa, Nigeria, Turkey, Brazil, etc) ask the same questions: “Why mavroz are not getting unfrozen after the realease date?” So, programmers said there is a delay in the work of the script and mavros are getting unfrozen with a few days delay. The more participants, the higher server load.
Programmers are making adjustments. They launched more crons....and the queue for unfreezing should be processed it and the problem will be sorted out. We apologize for a glitch. But we will sort it out. MMM is our cause!

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: Jmild1 on April 01, 2016, 01:10:38 PM

Tired of them giving lousy argument, everyone here only thinking MMM is just a little piece of shit scam without analyzing how big MMM is. Just give them a descriptive word that will draw on their mind how big MMM is. Maybe they will realize.

The idea of a scam possibly being a reason for bitcoin's popularity (and price) makes people uncomfortable.

Let's try this...most functions of MMMGlobal are accessed thru mmmoffice.com, it's the log in page.

In February 2016 it had 8,500,000 visits and is in the top 5000 visited sites in the world, according to SimilarWeb

Or, to put it another way, nearly twice the number of visits of our beloved centre of the BitUniverse (and mmmoffice.com has no signature campaign spammers)... Wink

Jmild1

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Quote from: tmfp on April 01, 2016, 03:45:43 AM

Quote from: Herbert2020 on April 01, 2016, 02:26:51 AM

first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers.

also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already.

Sure, because of the nature of uᴉoɔʇᴉq most attempts to quantify or analyse usage is based on limited data.
There is little doubt, if you do a bit of research and accept certain things at face value, that MMMGobal has a large user base.
Also, MMM isn't your average two bit scam, it has a track record in fiat of massive numbers, is run by experienced admin and has had a new lease of life courtesy of uᴉoɔʇᴉq.
You are guessing, just like we are, what the "runaway" number is.
To just say "it's a scam" and ignore it as a driver behind uᴉoɔʇᴉq use and its price is a bit short sighted imo.

BTW, is 'uᴉoɔʇᴉq' reading upside down for you too? Must be April.... Cheesy

Tired of them giving lousy argument, everyone here only thginking MMM is just a little piece of shit scam without analyzing how big MMM is. Just give them a desrcriptive word that will draw on their mind how big MMM is. Maye they will realize.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: Herbert2020 on April 01, 2016, 02:26:51 AM

first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers.

also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already.

Sure, because of the nature of Bitcoin most attempts to quantify or analyse usage is based on limited data.
There is little doubt, if you do a bit of research and accept certain things at face value, that MMMGobal has a large user base.
Also, MMM isn't your average two bit scam, it has a track record in fiat of massive numbers, is run by experienced admin and has had a new lease of life courtesy of bitcoin.
You are guessing, just like we are, what the "runaway" number is.
To just say "it's a scam" and ignore it as a driver behind Bitcoin use and its price is a bit short sighted imo.

BTW, is 'bitcoin' reading upside down for you too? Must be April.... Cheesy

haileysantos95

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Quote from: Herbert2020 on April 01, 2016, 02:26:51 AM

Quote from: Xember on March 31, 2016, 04:47:47 AM

Quote from: torontoluxuryhomes on March 20, 2016, 01:56:47 PM

Quote from: tmfp on March 20, 2016, 01:32:34 PM

MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10.....

So, say 20,000,000 people want to play, only uᴉoɔʇᴉq allowed.
IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped.

uᴉoɔʇᴉq's current market cap ~$6bn.....

20 millions of ~~idiots~~ users?
:O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse.

I think there is fewer than 2 million MMM users. If it is 200 million, the uᴉoɔʇᴉq price will be more than 1000 billion.

first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers.

also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already.

Yes this is right,scam web site doesnt really affect bitcoin price and only market players can affect so much on bitcoin prices.

Herbert2020

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Quote from: Xember on March 31, 2016, 04:47:47 AM

Quote from: torontoluxuryhomes on March 20, 2016, 01:56:47 PM

Quote from: tmfp on March 20, 2016, 01:32:34 PM

MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10.....

So, say 20,000,000 people want to play, only Bitcoin allowed.
IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped.

Bitcoin's current market cap ~$6bn.....

20 millions of ~~idiots~~ users?
:O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse.

I think there is fewer than 2 million MMM users. If it is 200 million, the bitcoin price will be more than 1000 billion.

first of all, each and every one of these numbers in all the posts are being made out of nowhere and pure speculation. so there is no proof of such big numbers.

also, all these scams have a cap that when they reach it they close the scam and run away. if it was 2 or 200 million users, it would mean a massive amount of investment and no scammer is going to wait around for more, they close shop and run away already.

Jmild1

full member

Activity: 210

Merit: 100

Quote from: Xember on March 31, 2016, 04:47:47 AM

Quote from: torontoluxuryhomes on March 20, 2016, 01:56:47 PM

Quote from: tmfp on March 20, 2016, 01:32:34 PM

MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10.....

So, say 20,000,000 people want to play, only Bitcoin allowed.
IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped.

Bitcoin's current market cap ~$6bn.....

20 millions of ~~idiots~~ users?
:O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse.

I think there is fewer than 2 million MMM users. If it is 200 million, the bitcoin price will be more than 1000 billion.

1000b? Statistics pls. or this is just a stupid over act reaction

Xember

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Quote from: torontoluxuryhomes on March 20, 2016, 01:56:47 PM

Quote from: tmfp on March 20, 2016, 01:32:34 PM

MMMGlobal website claims 200 million users worldwide. Crazy.... But, just for the exercise, let's reduce that by a factor of 10.....

So, say 20,000,000 people want to play, only Bitcoin allowed.
IF the MMM scheme has required $100 original stake money from each of 20,000,000 people since 2011, that's $2bn in the basic system. It can't be any less, as the scheme would implode as soon as the amount of cash circulating dropped.

Bitcoin's current market cap ~$6bn.....

20 millions of ~~idiots~~ users?
:O mmmm I have some doubts about such claims..... But probably we are so near to see this MLM collapse.

I think there is fewer than 2 million MMM users. If it is 200 million, the bitcoin price will be more than 1000 billion.

Jmild1

full member

Activity: 210

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Quote from: vero on March 24, 2016, 12:59:58 PM

MMM isn't affect to bitcoin, MMM is a ponzi scheme and in every countries MMM is use fiat money for every they transaction. i hope MMM collapse asap

We all know MMM is a company with a ponzi strategy. Don't keep on repeating such word
MMM uses fiat money?

Don't post spam here. Read the pages of this thread before you post without having any conclusion.

vero

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MMM isn't affect to bitcoin, MMM is a ponzi scheme and in every countries MMM is use fiat money for every they transaction. i hope MMM collapse asap

ingiltere

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Quote from: Jmild1 on March 15, 2016, 04:18:49 PM

Quote from: ingiltere on March 15, 2016, 03:36:50 PM

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.

You don't see how it affect the prices? Okay, try to imagine all those black markets and all those ponzis that uses bitcoin is washed out, what do you think will be the price of bitcoin? Probably the demand on bitcoin will surely dump the value of it.

It's not specifically mmm, there are lot of transactions Bitcoin related. People use it for anonymitiy, better than credit card payments etc. The more people use Bitcoin the higher price we see, that's not a secret.

DaddyMonsi

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Quote from: romero121 on March 23, 2016, 05:14:28 AM

MMM can't be talked relating to bitcoin. MMM doesn't have a backing, its just a plan which gives earning based on investment. This will never have impact on our bitcoin's price.

MMM has an impact with Bitcoin price specially when greed starts to run in their mind. They have the numbers (members) and they take care of each other by helping one another (at least here in my country) and one strange thing that will make you scratch your head, they follow a russian guy that they have not met in person. They believe him.

MMM here in my country is in crisis that how I see it because their investments last December cannot be withdrawn unless they invite a new member willing to invest as well and each new member invited will allow them to withdraw 10% of their investment last December.

I dont have the exact figures of how much in total was invested but looking at the screenshots from their FB page 1 have an investment of up to 40k USD. Thats just for 1 person.

Topic: MMM affect bitcoin price - page 2. (Read 6325 times)