MMM affect bitcoin price - page 4. | Bitcointalksearch.org

Jmild1

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Quote from: tmfp on March 17, 2016, 11:10:55 AM

Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings.
Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check.
Do some searching, there's plenty of stuff out there.

That's right again sir. MMM has no middlemen, their work is just getting those who's going to deposit and assign it to someone who's going to cash-out

Jmild1

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Quote from: RoommateAgreement on March 17, 2016, 10:41:51 AM

Quote from: Jmild1 on March 16, 2016, 11:15:37 AM

Quote from: RoommateAgreement on March 16, 2016, 09:30:06 AM

Quote from: LMGTFY on March 16, 2016, 09:14:25 AM

The line below the arrow is about $250, the line at the peak is $500.

thanks for the link.

so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume

that doesn't sound right to me.

MMMglobal transact million of dollar in depositing and withdrawng money via bitcoin. From this area you know that it affect the bitcoin value becuase we're talking about "Million"

this is getting interesting.

can you give some more detailed information.

i am looking for numbers with reference if at all possible?

I can't give a concrete statistics on how many participants MMM have, but I gave links about the branches they have and by this conclusion I assume that many people participate MMM because you're not going to open a branch if you know that it's not in demand.

tmfp

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"Common rogue from Russia with a bare ass."

Actual reliable numbers are very hard to come by, but the various MMM sites claim huge followings.
Many Facebook sites are active, with happy 'receivers of help' posting pictures of new cars etc. Because it is peer to peer, there's no centralized wallet addresses to check.
Do some searching, there's plenty of stuff out there.

RoommateAgreement

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Bazinga!

Quote from: Jmild1 on March 16, 2016, 11:15:37 AM

Quote from: RoommateAgreement on March 16, 2016, 09:30:06 AM

Quote from: LMGTFY on March 16, 2016, 09:14:25 AM

The line below the arrow is about $250, the line at the peak is $500.

thanks for the link.

so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume

that doesn't sound right to me.

MMMglobal transact million of dollar in depositing and withdrawng money via bitcoin. From this area you know that it affect the bitcoin value becuase we're talking about "Million"

this is getting interesting.

can you give some more detailed information.

i am looking for numbers with reference if at all possible?

BitMaxz

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BTC price road to $80k

MMM is a kind of ponzi and i think it can't affect the value of bitcoin right now but before year 2015 its help very much to promote bitcoin and to attract people to buy bitcoins here in our country they are start seminar here in every region.. thats why the price of bitcoin before is increasing fast..

nydiacaskey01

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Quote from: armansolis593 on March 17, 2016, 08:01:51 AM

Quote from: Hunyadi on March 17, 2016, 07:53:40 AM

I thought MMM stopped operations last year. Is it still running?

MMM is still up and running at most countries where people dont know that MMM is a scam.
Even their website is still up and taking deposit from new participants.

MMM website is not taking deposits because what MMM only does is provide BTC addresses of their member and give it to anyone who wants to invest. Members there are veey much brainwashed. MMM makes particianta think they are helping other members when in fact when someone makes a deposit, MMM will just look for aomeone who wants to cash out.

armansolis593

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Quote from: Hunyadi on March 17, 2016, 07:53:40 AM

I thought MMM stopped operations last year. Is it still running?

MMM is still up and running at most countries where people dont know that MMM is a scam.
Even their website is still up and taking deposit from new participants.

tmfp

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"Common rogue from Russia with a bare ass."

Quote from: Hunyadi on March 17, 2016, 07:53:40 AM

I thought MMM stopped operations last year. Is it still running?

Very much so.

Hunyadi

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☑ ♟ ☐ ♚

I thought MMM stopped operations last year. Is it still running?

alisafidel58

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Quote from: Jmild1 on March 16, 2016, 12:28:37 PM

Quote from: romero121 on March 16, 2016, 12:24:35 PM

MMM is a fucking scam which has cheated most of the users. I don't think such a useless scheme has some impact on bitcoin price.

Even useless or scam or many people fooled this MMM. If many people(more like million of them) still participate in this kind of system it still affect the price of bitcoin because the very currency MMM use is bitcoin.

Seems like a good point,the demand for bitcoin will be higher and the price might get high also.
But still it cant be guaranteed because mostly people who are in bitcoin are in tradings.

Jmild1

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Quote from: romero121 on March 16, 2016, 12:24:35 PM

MMM is a fucking scam which has cheated most of the users. I don't think such a useless scheme has some impact on bitcoin price.

Even useless or scam or many people fooled this MMM. If many people(more like million of them) still participate in this kind of system it still affect the price of bitcoin because the very currency MMM use is bitcoin.

romero121

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casinosblockchain.io

MMM is a fucking scam which has cheated most of the users. I don't think such a useless scheme has some impact on bitcoin price.

Jmild1

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Quote from: tmfp on March 16, 2016, 08:14:29 AM

Everyone's getting very defensive/protective about their beloved Bitcoin.

How about addressing the OP's point with a bit of logic?

FACT: MMMGlobal users must use Bitcoin in order to participate.
FACT: There are hundreds of thousands of them, if not millions, worldwide.
FACT: In the main, they appear to have no previous history of interest in Bitcoin.
FACT: The popularity of MMMGlobal has increased considerably since October 15.
FACT: The Bitcoin price has increased considerably since October 15.

Quote from: LMGTFY on March 16, 2016, 08:02:38 AM

Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards?

I'm not claiming to have all the answers, but the timeline suggests that the November spike could have been Chinese MMMGlobal inspired and the drop correlating with MMMChina freezing and bitcoin being pulled out of Global as well.
The continuation of the rise after the pullback could be inspired by the take up of Global in other countries, mainly Asia and South Africa.

That's right the drop of bitcoin value in december is related with MMMChina, there are rumors that there account will be frozen that's also the reason why many chinese withdrawed their invesment in MMMchina.

Check this out, the rumor begun in november and by december it actually made the MMMChina "restart" a program which make their investment to "0" http://cointelegraph.com/news/russia-warns-about-mmm-collapse-in-china

Jmild1

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Quote from: RoommateAgreement on March 16, 2016, 09:30:06 AM

Quote from: LMGTFY on March 16, 2016, 09:14:25 AM

The line below the arrow is about $250, the line at the peak is $500.

thanks for the link.

so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume

that doesn't sound right to me.

MMMglobal transact million of dollar in depositing and withdrawng money via bitcoin. From this area you know that it affect the bitcoin value becuase we're talking about "Million"

RoommateAgreement

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Bazinga!

Quote from: LMGTFY on March 16, 2016, 09:14:25 AM

The line below the arrow is about $250, the line at the peak is $500.

thanks for the link.

so this Coincidence means that MMM, or better said people falling for MMM which are mostly from poor third world countried according to Alexa raised the price from $250 to $500 or in other words caused a massive rise market cap (from 3.6 to 6.4 billion dollars) which is 280,000,000 USD increase in 24 hour volume

that doesn't sound right to me.

LMGTFY

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Quote from: RoommateAgreement on March 16, 2016, 09:10:17 AM

Quote from: tmfp on March 16, 2016, 07:52:19 AM

Coincidence?

http://i.imgur.com/RZQLJQQ.png

what is the scale of this chart? the left chart is cut!

The line below the arrow is about $250, the line at the peak is $500.

RoommateAgreement

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Bazinga!

Quote from: tmfp on March 16, 2016, 07:52:19 AM

Coincidence?

what is the scale of this chart? the left chart is cut!

lottery248

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beware of your keys.

do not ever get affected by MMM, that ponzi company is bumping the bitcoin price, but when it collapses, it will pull the price of bitcoin down due to the panic sell for the people who are safe from the collapse. MMM is not helpful to the bitcoin at all.

LMGTFY

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Activity: 644

Merit: 503

Quote from: tmfp on March 16, 2016, 08:14:29 AM

Everyone's getting very defensive/protective about their beloved Bitcoin.

How about addressing the OP's point with a bit of logic?

FACT: MMMGlobal users must use Bitcoin in order to participate.
FACT: There are hundreds of thousands of them, if not millions, worldwide.
FACT: In the main, they appear to have no previous history of interest in Bitcoin.
FACT: The popularity of MMMGlobal has increased considerably since October 15.
FACT: The Bitcoin price has increased considerably since October 15.

Quote from: LMGTFY on March 16, 2016, 08:02:38 AM

Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards?

I'm not claiming to have all the answers, but the timeline suggests that the November spike could have been Chinese MMMGlobal inspired and the drop correlating with MMMChina freezing and bitcoin being pulled out of Global as well.
The continuation of the rise after the pullback could be inspired by the take up of Global in other countries, mainly Asia and South Africa.

I don't disagree with any of the "FACTs" (though I'd note that the considerable rise in BTC price was limited to October/November - since November it's been mostly sideways with decreasing volatility), I just don't think MMM is as big a factor as it might at first appear. Not that long ago Silk Road was able to affect price dramatically, because it was (a) huge, and (b) effectively a monopoly. When SR closed its doors, BTC went down. Since then, a number of new Silk Roads have sprung up, and untold number of new ponzis, cloud-mining scams, HYIPs, etc. When MMM collapses I doubt it'll have nearly the same impact on BTC as when SR was closed, because there will remain a number of alternatives still active: MMM could well be bigger than SR, but proportionately it's smaller - it's just one player in what's become a much bigger game.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Everyone's getting very defensive/protective about their beloved Bitcoin.

How about addressing the OP's point with a bit of logic?

FACT: MMMGlobal users must use Bitcoin in order to participate.
FACT: There are hundreds of thousands of them, if not millions, worldwide.
FACT: In the main, they appear to have no previous history of interest in Bitcoin.
FACT: The popularity of MMMGlobal has increased considerably since October 15.
FACT: The Bitcoin price has increased considerably since October 15.

Quote from: LMGTFY on March 16, 2016, 08:02:38 AM

Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards?

I'm not claiming to have all the answers, but the timeline suggests that the November spike could have been Chinese MMMGlobal inspired and the drop correlating with MMMChina freezing and bitcoin being pulled out of Global as well.
The continuation of the rise after the pullback could be inspired by the take up of Global in other countries, mainly Asia and South Africa.

Topic: MMM affect bitcoin price - page 4. (Read 6299 times)