2 weeks ago my brother found out about website turbo-mmm.com that claims to be paying 10% of your bitcoin investment after 2 days. Not gonna lie, I am really amazed that it has not scammed him yet. I also can't find any trustworthy information about this company online. My biggest concern is that it works something like Ponzi scheme, because MMM was a quite big company in Russia in 90s that used this scheme. But then again.. these are not facts, just my concern. What do you guys think? submitted by
Chinese citizens have been duped into this MMM scheme. The Chinese buy Bitcoin on all the Chinese exchanges in order to participate in this 100% returns a month MMM ponzi. The operators of the ponzi are Russian. Him and his friends do not want CNY in a Chinese bank that is useless and stuck there. That is why the scammers move the Bitcoins to an exchange like Bitfinex and BTC-e who do not do proper KYC and sell into USD and withdraw it there. submitted by
That is why BTC is 10% more expensive in CNY trading at $420 than it is in USD at Bitfinex / BTC-e where it's trading at $380. There is no mass wave of Chinese looking to escape capital controls through Bitcoin at a loss of 10%. Nor is there a ton of Chinese who suddenly wanted to HODL BTC. The only person moving money out of China is this one guy / group who are taking the ponzi profits out and couldn't not care less about losing 10%.
The spread between CNY and USD has been increasing from 2% premium to 10% because the ponzi has been growing in China, while at the same time the guy cashing out has become more aggressive in selling on the USD exchanges known for soft KYC with his exit. You can't find these criminals on the Chinese exchanges. There, it's many people buying a little bit of bitcoin. But you can find these disgusting criminals by checking the wires out of the USD exchanges where he and his group are now cashing out.
The reason the price rallied was because Chinese people kept buying Bitcoin during the day in order to enter the MMM. The coins went to these operators who HODL'ed. And now the price is collapsing is because these operators are dumping quickly as this scheme hits the media globally.
So the whole Chinese people evading capital control thing? No there's nothing there. This is due to one guy who wants to avoid capital controls and because he's foreigner running a ponzi scheme in China and wants to get the money out in USD. The Chinese people probably quite enjoy living in China at 7% GDP growth, and are liking the country's rise in the world.
For Trading October 28th
MSFT BEATS, HOG RIDES HIGHER
CAT, MMM, PFE & LLY DISAPPOINT
COVID, COVID, COVID!
Added AGQ calls today Added SNAP puts today
Today’s market was a split affair right from the pre-market through to the late markets. The DJIA was down on the beat on dramatically lowered expectations for CAT (a “not as bad” loss) and MMM. Both actually were even lower at the close than they were pre-market. The DJIA finished 1222.19 (.60%) while the NASDAQ was +72.44 (.64%), and S&P 500 -10.29 (.30%), the Russell -14.50 (.90%) and the biggest loser, the DJ Transports -173.21 (1.49%). Market internals were 2:1 down at the NYSE and only slightly better on the NAZ at 5:3 lower. The volume was very light, even considering the time of year. The DJIA was 23 down and 7 higher with the big winner, one we own, CRM, adding 55 DP’s and the losers GS -38, BA -37, CAT & MMM -34 DP’s.
Tonight’s closing comment video: https://youtu.be/8kbt4YIVlZU
SECTORS: Earnings was the big mover today for CAT, MMM, PFE and this evening MSFT. As I mentioned above, CAT was a loss, but not as bad as feared and the stock started early trading -3.76, but got weaker all day and finished $157.91 -5.29 (3.2%), MMM was a beat, but was -2.16 early but finished $161.04 -5.12 (3.1%). PFE finished $37.42 -.50 (1.3%). MSFT beat on all metrics with better numbers as well as margins. Their Chromebook numbers were up, MSFT 365 was up and both the Cloud and Gaming businesses were higher. The call hasn’t started yet but the stock had closed $213.25 +3.17 (the recent move was from $196 to 225 since late September) and the stock fell to 211, rallied up to $216, and since has sold off to the $210 area.
The biggest mover by far was Harley Davidson (HOG) which came in with a major surprise and after closing $29.00 -1.07 Monday was up to $32.70 pre-market, opened $32.37 and flew up to $37.20 and finished $35.40 +6.40 (22.7%). The move was the best day in the history for the company!
New Group: AIR & CRUISE LINES were LOWER with CCL -.30, RCL -1.24, NCLH -.30, AAL -.61, DAL -1.36, LUV -1.34, UAL -1.26, HA -.39, ALK -1.23 and I’ve switched to JETS as a more representative ETF for the group which finished the day $17.15 -.63 (3.54%).
FOOD SUPPLY CHAIN was MIXED with TSN +.21, BGS +.85, FLO +.05, CPB -.05, CAG -.59, MDLZ -.42, KHC +.08, CALM -.10, JJSF +.10, SAFM +2.71, HRL +.58, SJM -2.00, PPC +.,04, KR -.83, and a new addition ACI +.+.09, and PBJ $33.72 -.03 (.08%).
BIO-PHARMA: was LOWER with BIIB -1.46, ABBV -1.37, REGN -5.85, ISRG +9.13, GILD -.12, MYL -.59, TEVA -.38, VRTX +5.04, BHC -.09, INCY -209, ICPT +.08, LABU +1.69, and IBB $135.87 +.76 (.56%). CANNABIS: was MIXED with TLRY -.27, CGC +.09, CRON +.04, GWPH -1.38, ACB -.37, CURLF +.03, KERN -.64, and MJ $11.04 -.05 (.45%).
DEFENSE was LOWER with LMT -7.55, GD -3.91, TXT -1.06, NOC -8.36, BWXT -.63, TDY -11.02, RTX -4.16, and ITA $155.39 -5.04 (3.14%).
RETAIL: was LOWER with M -.35, JWN -.62, KSS -.85, DDS -1.52, WMT +.10, TGT -.94, TJX -1.01, RL -2.33, UAA -.26, LULU +2.21, TPR +.15, CPRI +.28, and a new addition GPS -.35, and XRT $53.84 -.21 (.40%).
MEGA-CAP & FAANG were HIGHER with GOOGL +10.70, AMZN +64.96, AAPL +1.03, FB +5.29, NFLX -2.74, NVDA +7.10, TSLA -1.95, BABA +9.33, BIDU +.85, CMG -11.73, CRM +7.40, BA -6.56, CAT -5.60, DIS -1.29 and XLK $115.78 -.09 (-.08%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -5.99, JPM -2.43, BAC -.77, MS -1.92, C 1.58, PNC -2.44, AIG -.14, TRV -2.45, V -3.27, and XLF $24.12 -.56 (2.27%).
OIL, $39.57 +1.01, Oil has been locked into the current range and tried to break in either direction without success. Last week I said, “While I think it may resolve to the downside, I am not taking any new positions.” The stocks were lower today even though there has been a pickup in M&A activity in the group. XLE finished $28.75 -.55 (1.88%).
GOLD $1,911.90 + 6.20 opened LOWER and managed to rally while the market for stocks sold off. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $13,685 +6.40 After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and 250 today @$14.19, and we closed out the final 250 @ $15.44. GBTC closed $15.63 +1.25 today.
Tomorrow is another day.
17 Jul 2016 - MMM Cooperation is a community of ordinary people, selflessly helping each other, a kind of the World Fund of mutual aid. This is the first sprout of something new in the modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to destroy the world's unjust financial system. Financial Apocalypse In this paper, we focus on Ponzi schemes that operate on Bitcoin and perform an in-depth analysis of MMM, one of the oldest and most popular Ponzi schemes. Based on 423K transactions involving 16K ... BTC 10 EUR 109,96 k BTC 50 EUR 549,82 k Der finanzen.net Währungsrechner bietet eine sekundenschnelle Währungsumrechnung von Bitcoin in Euro. Urlauber in Krypto können hier Umrechnungen zu ... Wissenswertes über Bitcoins Unser Bitcoin Chart zeigt Ihnen den aktuellen Bitcoin Kurs in Euro (Kürzel: BTC und XBT) sowie die Bitcoin Kursentwicklung (Bitcoincharts).Wenn Sie Bitcoins kaufen möchten, können Sie sich hier anmelden.In unseren Bitcoin.de FAQs und in unserem Tutorial "Mein erster Bitcoin" erfahren Sie, wie Sie Bitcoins verkaufen oder kaufen können. MMM's Bitcoin comeback. By Shaun Smillie Jan 28, 2017. Share this article: Share Tweet Share Share Share Email Share. Johannesburg - Promises of 30 percent returns and a new world order - it’s ...
Bitcoin e MMM BRASIL Videos; Playlists; Channels; Discussion; About; Home Trending History Get YouTube Premium Get YouTube TV Best of YouTube Music Sports Gaming ... My new conclusion from MMM Global 2! Bitcoin 1.08 = 1256$ increase in money in the MMM 100%per month - Duration: 3:24. Alexander 亞歷山大 MMM GLOBAL2 BitCoin SERGEY MAVRODI 3,396 views Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. How to use bitcoins in MMM & MPA Review by KudaOnline - Duration: 11:34. Kudakwashe Sape Tshuma 1,600 views. 11:34. How to buy Bitcoin in Coins.ph using BPI express online - Duration: 12:36. ... This video shows how to create blockchain to store your bitcoins. and to PH on MMM and to pay the order. PH with bitcoins to earn 50% per month, it's fast to...