Topic: MMM affect bitcoin price - page 6. (Read 6325 times)
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.
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.
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
Here's the lsit of MMM branches (Note: Mavrodi founded this MMM with bitcoin currency last 2014 of Nov and this shows how fast MMM spread worldwide.)
http://mmmglobal.org/ global (has the most high value transaction like thousand and million of dollars)
http://argentina-mmm.net/
http://australia-mmm.net/
http://bangladeshmmm.com/
http://brazil-mmm.net/ Brazil
http://cambodia-mmm.net/
http://china-mmm.net/ (one of the biggest investor coming from, most of them go to global)
http://colombia-mmm.net/
http://ea-mmm.net/ (east africa)
http://hongkong-mmm.net/
http://mmmindia.in/
http://indonesia-mmm.net/
http://japan-mmm.net/
http://korea-mmm.net/
http://kuwait-mmm.net/
http://malaysia-mmm.net/
http://mexico-mmm.net/
http://peru-mmm.net/
http://philippines-mmm.net/
http://singapore-mmm.net/
http://rsa-mmm.co/ (South africa)
http://thailand-mmm.net/
http://turkey-mmm.net/
http://usa-mmm.net/
http://venezuela-mmm.net/
http://vietnam-mmm.net/
http://mmm.systems/ (social financial network, I don't know this area)
I think this is the latest country he founded MMM
http://www.iol.co.za/news/crime-courts/russian-fraudster-hits-s-africans-1911289
http://mmmglobal.org/ global (has the most high value transaction like thousand and million of dollars)
http://argentina-mmm.net/
http://australia-mmm.net/
http://bangladeshmmm.com/
http://brazil-mmm.net/ Brazil
http://cambodia-mmm.net/
http://china-mmm.net/ (one of the biggest investor coming from, most of them go to global)
http://colombia-mmm.net/
http://ea-mmm.net/ (east africa)
http://hongkong-mmm.net/
http://mmmindia.in/
http://indonesia-mmm.net/
http://japan-mmm.net/
http://korea-mmm.net/
http://kuwait-mmm.net/
http://malaysia-mmm.net/
http://mexico-mmm.net/
http://peru-mmm.net/
http://philippines-mmm.net/
http://singapore-mmm.net/
http://rsa-mmm.co/ (South africa)
http://thailand-mmm.net/
http://turkey-mmm.net/
http://usa-mmm.net/
http://venezuela-mmm.net/
http://vietnam-mmm.net/
http://mmm.systems/ (social financial network, I don't know this area)
I think this is the latest country he founded MMM
http://www.iol.co.za/news/crime-courts/russian-fraudster-hits-s-africans-1911289
It's suddenly spread last 2015. It opens different branches all-over the world. This are the countries, every country you choose here has different domain associated specifically in area where you choose it http://screencast.com/t/FKVhVluX
MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively.
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.
https://bitcointalksearch.org/topic/south-africa-bitcoin-adoption-and-the-mavrodi-effect-1382615
There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.
If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.
https://bitcointalksearch.org/topic/south-africa-bitcoin-adoption-and-the-mavrodi-effect-1382615
There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.
If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?
Fiat's probably not quite as bad but some fiat pushers owe their survival to dirty money:
Quote
At the height of the 2008 banking crisis, Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were "the only liquid investment capital" available to banks on the brink of collapse. "Inter-bank loans were funded by money that originated from the drugs trade," he said. "There were signs that some banks were rescued that way."
I'm in two minds about MMM - yes, it's obviously a scam, the founder has served time in jail as a result, but if it draws people to Bitcoin, that's great (I just hope they don't associate BTC with MMM too strongly). I doubt all MMM participants would sell their BTC at the same time, so I doubt there'll be too much of a downside (for us). (I'm also pretty sceptical about MMM having much to do with the rise last year - MMM has been growing steadily for some time, it didn't suddenly explode into life in late 2015).
MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively.
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.
https://bitcointalksearch.org/topic/south-africa-bitcoin-adoption-and-the-mavrodi-effect-1382615
There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.
If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.
https://bitcointalksearch.org/topic/south-africa-bitcoin-adoption-and-the-mavrodi-effect-1382615
There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.
If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?
Finally! a user that know how MMM and what MMM really is. You're right, if we're going to observe MMMglobal most of the transaction are thousands of dollar. You can barely see people having transaction that is atleast 1,000usd.
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 
MMM is huge worldwide, as in tens of millions of people, and the MMMGlobal and the latest MMMUniverse schemes use bitcoin exclusively.
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.
https://bitcointalksearch.org/topic/south-africa-bitcoin-adoption-and-the-mavrodi-effect-1382615
There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.
If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?
In South Africa, for example, weekly bitcoin activity increased from $16k a week to $746k a week in the year that MMM started getting well known there. No coincidence.
https://bitcointalksearch.org/topic/south-africa-bitcoin-adoption-and-the-mavrodi-effect-1382615
There is no doubt in my mind that MMM has increased first time users of bitcoin and probably helps support the price so, if and when these schemes (and others which are involving Joe Public in BTC for the first time) start collapsing, then it is logical to expect bitcoin to be dumped, either by users of the scheme or the scammers themselves.
If you take out scams and other criminal activity from bitcoin use, what percentage do you think is left for coffees and Overstock sheets?
Single figures?
I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
MMM and bitcoin is different ,,
MMM is like investing also can be scam
I know, but what I'm talking about is the price of bitcoin, MMM uses bitcoin currency, if many people leave MMM that would be a decrease of bitcoin demand. Because this people will convert there virtual money to a money
Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse.
They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember.
The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin.
Mavrodi is a well known scammer all over the world. He runs this MMM since 1989 and collapse last 1997. All the victims left none with billion of russian money disappeared, many people also commited suicide because of depression. He also run for president in russia and almost win. His motive on creating this system is to destroy banking system all over the world. He hate bank so much I forgot the reason why. After 10years of hiding mavrodi show up again to build MMM. The reason MMM is very well known
I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
MMM and bitcoin is different ,,
MMM is like investing also can be scam
Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse.
They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember.
The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin.
Right, but what transaction volume are you talking about? MMM is a total scam, am I correct, because all I've read and seen on this forum screams total scam. And I don't think that if they went kablooey it would have much of an effect on bitcoin. Bitcoin has been through much much worse.
They pay, but in a ponzi strategy. Do you know that MMM has a lot of branch all over the world? I tried to search about this scheme and they have branches in china, india, africa, philippines, as global and there are many that I can't remember.
The reason why I said it will fluctuate the price of bitcoin because I had seen many people depositing and withdrawing big amount of bitcoin currencies. More like million dollar. And if this people try to quit MMM there probably a fluctuate in bitcoin.
After what happened to MMM last holiday season which is back late 2015, I think they no longer have any effect on bitcoin. Their scam will eventually collapse an sooner now and afaik most of their users had already left and dump their coins to get their fiat or atleast join another scam. 
The big investors are the one who earns because they are the one who gets prioritized once their investment matures and ready to be withdrawn. If you look at their Facebook group page, its like they are just making a fool of themselves. I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
no you are not right now, price of bitcoin is not depended upon MMM ponzis.I questioned it because MMM is a bigtime ponzi scheme. It has so many branches all over the world and many participants especially in Russia and China.
After what happened to MMM last holiday season which is back late 2015, I think they no longer have any effect on bitcoin. Their scam will eventually collapse an sooner now and afaik most of their users had already left and dump their coins to get their fiat or atleast join another scam.
I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
actually i was never know why MMM related with bitcoin prices but about your questions it could be true but possible to you are wrong
I think bitcoin price will surely fluctuate if people will leave MMM. What do you guys think?
no you are not right now, price of bitcoin is not depended upon MMM ponzis. nah they wont effect the price of Bitcoin anymore, their bubble already exploded last year and they are now more known as a scam for not paying those who deposited last December 2015 for their +50% money back for all deposits made through Dec 15 2015. They cant withdraw the profits and the capital. And now for them get a portion of their invested money, they need to sponsor (invite) someone who will invest as well. scam!
That's right. They freeze all the money of people deposited last dec. Fooling them they will guarantee 50% growth within month but then after that many excuses occur such us programming code, hacks, ddos attack and more. But then they can't cover the angry people that think they had been fooled
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