Coincidence?
Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards?
Topic: MMM affect bitcoin price - page 5. (Read 6299 times)
Coincidence?
Assuming MMM was largely responsible for the rise in BTC price in October/November, why did it stop correlating from mid-December onwards?
scams are everywhere, not only in bitcoin and their being is not harming the currency they use for their evil doing.
Coincidence?
I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
there a was a china ponzi that effectively affect price of LTC.
But it's a different market, smaller size then btc, with 100$ dollars they buy 100 LTC.
So you can understand that with 100$ you can buy only a fraction of btc that people could "generate" easily selling something ...
Probably after crash of this ponzi we could see a good btc dump from "side investors" and from "owner" of this ponzi.
yeah, i agree.
any effect these ponzi schemes or any other type of scams can have on bitcoin price is very small in comparison to total bitcoin market cap.
especially since these scams are mostly affecting people with no money and high hopes, so they will invest small amounts because they are poor mostly.
I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
there a was a china ponzi that effectively affect price of LTC.
But it's a different market, smaller size then btc, with 100$ dollars they buy 100 LTC.
So you can understand that with 100$ you can buy only a fraction of btc that people could "generate" easily selling something ...
Probably after crash of this ponzi we could see a good btc dump from "side investors" and from "owner" of this ponzi.
Ponzi wont affect the price of bitcoin they are just greedy bastard that only want to get rich.
They are getting ready to the coming of halving.
I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
there a was a china ponzi that effectively affect price of LTC.
But it's a different market, smaller size then btc, with 100$ dollars they buy 100 LTC.
So you can understand that with 100$ you can buy only a fraction of btc that people could "generate" easily selling something ...
Probably after crash of this ponzi we could see a good btc dump from "side investors" and from "owner" of this ponzi.
Try to join the Facebook groups of MMM and youll see how much BTC is changing hands on a daily basis as they tend to post their investment in Facebook hoping that their investment will be noticed by the ones who wants to withdraw their investment.
Don't believe anything from what these guys are spreading on their social media profiles. All is done to attract new with greed filled noobs.
Try to join the Facebook groups of MMM and youll see how much BTC is changing hands on a daily basis as they tend to post their investment in Facebook hoping that their investment will be noticed by the ones who wants to withdraw their investment.
Thats just part of the scheme the fact that they cant withdraw it since theres no new deposit coming in to their scam.
Hopefully no one will ever deposit in that scam.
Try to join the Facebook groups of MMM and youll see how much BTC is changing hands on a daily basis as they tend to post their investment in Facebook hoping that their investment will be noticed by the ones who wants to withdraw their investment.
Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC 
Yes that's true, but there are tons of Ponzis running right on this forum. Bitcoin makes scams very convenient but I don't think btc's reputation should be tarnished in any way. Cash is used for bad purposes as well, and more often, and for much longer than bitcoin.Yup we cant let just say bitcoin is used for scam,all currency has been used for scam in the first place.
And that mmm is just pure scam they just used bitcoin to escalate even further about its scam.
Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC
Yes that's true, but there are tons of Ponzis running right on this forum. Bitcoin makes scams very convenient but I don't think btc's reputation should be tarnished in any way. Cash is used for bad purposes as well, and more often, and for much longer than bitcoin. 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.
Did not know about MMM before reading this post guys, it is sad to know it might have so much influence in Bitcoin. There is a lot of dark businesses moving in BTC
You act like bitcoin isnt used for these things at all lol.
Come on man, theres always been a dark market for bitcoin at its birth, ever since the whole dark markets been created like silkroad way back in 2012 or younger.
It doesn't involve Bitcoin community so I don't see any reason to discuss this ponzi scheme here.
That's the reason it should be.
The "Bitcoin community" can talk and talk around in circles about blocks and other clever stuff, but their precious coin is actually being used in considerable volume by these "non community" people.
Ignore it at your peril.
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.
Yes, I know.
In the context of this thread, the point I was trying to get across is that MMM is morphing into something more and more interlinked with Bitcoin.
Universe is as "legit" as the other versions and seems to indicate the way this huge scam is changing.
In the context of this thread, the point I was trying to get across is that MMM is morphing into something more and more interlinked with Bitcoin.
Universe is as "legit" as the other versions and seems to indicate the way this huge scam is changing.
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It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.
I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly
This is tied in with the "mining"
That's not how it works and the 100% is not mining, it is called MMM Extra
This is how 100% monthly works
http://screencast.com/t/xuYKFbP2
http://screencast.com/t/e3qloTnTghHt
http://screencast.com/t/QWxYQ7d8
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It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.
I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly
This is tied in with the "mining"
Quote
It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.
I am somehow connected to mmm, Mavro send everyday news via video. So here he speaks in a russian language announcing all things, even domain or branches he open, and I never heard Mavrodi announced MMMUniverse. I agree that MMM has 100% growth, but that's not 20 days. That's monthly and the condition is you need to do the task Mavro gave in order to increase your growth from 30% monthly to 100%monthly
And also now MMMUniverse, which develops the concept of Mavrocoin 'mining', extends the referral system into a sort of conventional matrix and pays 100% in 20 days.
Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again.
https://mmmuniverse.help/what_is_mmm/index.html
Anyone who just writes this off as irrelevant to Bitcoin for a number of reasons, better think again.
https://mmmuniverse.help/what_is_mmm/index.html
I think MMMuniverse is not founded by Mavrodi. Many people try to copy MMM without the founder know it. more like to scam other people that uses ponzi(mmm) that scams ignorant people.
It's a pretty good copy if it is. Have you visited that link?
Of course, that asks the question, who is "admin" at MMM? Mavrodi does his podcast stuff and there's some pretty high profile, quite often Russian, guys in the background on local sites.
With this sort of money flying about, we're talking big style M*fia.
I don't think this may affect bitcoin price, yes someone might invest/cash out in bitcoin but the majority would use more easier way to deposit/withdraw funds.
As has been said above, if you haven't got a Bitcoin wallet, you can't play at Global.
Also, local banks e.g Capitec SA, are getting presumably regulatory pressure to refuse fiat transfers if MMM is suspected, forcing more and more to use Bitcoin.
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