What they're saying about PI price.

[Aanuoluwatofunmi]

 Before going for theorice on pi, I have seen so many that have already been stacked at the process of getting the KYC procedures for verification, once you have gotten to a particular stage, it pause and refused to continue, I don't know why all these are happening in such a manner like that, whereby some got theirs unlocked while some couldn't even manage to open or verify the completion of the kyc procedures on request.

[MUGNIA]

None is buying on black market since it is actually low on exchange and no body would want to go waste their funds buying at black that is high, they would prepare to buy it at exchange where the price is low and you know whenever people noticed that price is low in exchange where they can easily do kyc and purchase their coin without the need going through third party to buy coin. And of course if I were that interested in buying pi I could have bought when the price dip but I think there would be massive dump and I wouldn't expect Pi to go that higher considering the market conditions currently.

It's better that way, I don't think I'm interested in pi, because the current market is unstable and we don't know what will happen in the future, if pi can indeed increase 10 times, that's the fortune of those who believe in pi and stick with it, that's all I think about pi

[Vx1]

but the Pioneers didn't like it because they thought the Pi price would be like the GCV price they wanted.

GSV value is the biggest scam that took place in the world of PI miners. Only influencers who made videos about GSV value made money from it, while rest watched those videos in hope that they GSV value will be real and they'll be rich when PI gets listed on exchanges.

That's only for the old people who join Pi Network, they are willing to be fooled by their Upline to become their Referral. It really doesn't make sense and is beyond reason, but those people's brains seem to have been washed. So if there are people who give the real explanation, then we will be attacked by their gang.

[SmartGold01]

Snip

It's better that way, I don't think I'm interested in pi, because the current market is unstable and we don't know what will happen in the future, if pi can indeed increase 10 times, that's the fortune of those who believe in pi and stick with it, that's all I think about pi

Yeah those who believe in Pi would actually wants to buy or trade Pi with all means. I am not also sure that Pi could have that potential to do 10x after listing on other exchange and even though the marketcap of Pi is systematics high it does subjected with the reflection of Bitcoin price, and whatever that happens to Bitcoin do influence the entire cryptocurrency market that's why we must watch out to the possibility of the market which would keep price soaring.

[MrSpasybo]

- Well, actually even up to now there are still many who are crazy and intoxicated by their craze for Pi because of the belief that it will surpass the price of Bitcoin, that's how crazy they are with that view on this matter.

Whatever content creators are putting out to hype their community about Pi even though it's obviously too good to be true. It's enough that they made a profit from Pi and they should be grateful for that, but the belief that Bitcoin will surpass it, that's just in their dreams.

Haha, I never believed that PI could surpass BTC, at least if Pi is still in its current state: no clear blockchain, no details about technological solutions. All that Pi has is a large community created by the free and easy mining right on smartphones.

An unusual thing is that although PI has been listed on major CEXs, I have not read any content about PI holders becoming rich from mining or accumulating PI. Maybe they are silent to protect themselves, or they are not satisfied with the current PI price: it is too low compared to the target of $314 or even $1000.

[Report]

What you said is absolutely right, PI is now in the top 11 of Coinmarketcap and has a very large marketcap of around $175.53B.

Just to make it clear to you, the $177B you see on CMC is not its current market cap but it's the FDV (Fully Diluted Value), which means that its market cap would have been $177B if the total supply, which is 100B, was in circulation, but currently, only around 6.93B is in circulation, and that makes it have a total market cap of $12.3B as of writing this post.

Okay, thanks for the information you provided about the FDV (Fully Diluted Value) of PI coin.
However, I think the total value of $12.3B in circulation is also a large value and I think it is reasonable if PI coin is ranked 11th on Coingecko or Coinmarketcap.

but doesn't mining on smartphones have a quick damaging effect on the smartphone's hardware?

It isn't that sort of mining where the hardware of the device is used; it's a simple app where you click a button, and the system keeps mining tokens for you for 24 hours, and after 24 hours, you will have to go back to the app and click that button again. It's just a visual system created to keep users engaged, and the tokens aren't actually generated through this sytem but they are generated through the TGE.

I thought smartphones could also be used for mining PI coins and it turns out that PI coins were created during TGE.

Oh, it turns out that PI is designed to be mined by users using smartphones. When everyone has a smartphone and they can definitely mine PI coins with one click.
I think this technology is simple and easy to understand, but doesn't mining on smartphones have a quick damaging effect on the smartphone's hardware?

-
They are probably trying to keep users active as well as identifying inactive and active users. This increases their app's activity and other things like mainnet migration, KYCs, suspicious activity etc!

KYC?
Oh no, I totally disagree with KYC, I'd rather hide my personal identity than get involved in getting free PI coins with KYC.
My KYC is me and I think KYC is also prone to problems if misused by irresponsible people or criminals.

[DYING_S0UL]

KYC?
Oh no, I totally disagree with KYC, I'd rather hide my personal identity than get involved in getting free PI coins with KYC.
My KYC is me and I think KYC is also prone to problems if misused by irresponsible people or criminals.

Sorry, I'm a little confused here! Did you not know users had to do mandatory KYC before their mined aka earned coins can be migrated into the mainnet? And if you and your referred users doesn't do KYC, all of the mined (again aka earned) coins will be burned, afaik.

Anyway, I don't know whether the project will bloom in the future or not but apparently those who were involved with this project earned a decent amount of money so far! Not a few bucks but thousands.

Many of us feel the same way man about KYCs! Doing KYC can lead to many consequences. That's why I try to avoid it as much as I can, unless the situation comes.

[Gurujebs]

Before going for theorice on pi, I have seen so many that have already been stacked at the process of getting the KYC procedures for verification, once you have gotten to a particular stage, it pause and refused to continue, I don't know why all these are happening in such a manner like that, whereby some got theirs unlocked while some couldn't even manage to open or verify the completion of the kyc procedures on request.

Having KYC verification possible means that people will have quick access to their funds and that will cause alot of dump in the market. All I can see here is that the team are trying to suppress the people from selling because you can see that even from the pice manipulation, it's obvious the teams are the ones doing it and don't want it to dump.

I have seen many coins like this in the past bull run, coins like Yearn finance and many more almost sat beside Bitcoin by market cap but today, they are forgotten and the price has crash looking ridiculous as if it never trended despite the low supply and hype around it that time.

[Mr. Magkaisa]

but the Pioneers didn't like it because they thought the Pi price would be like the GCV price they wanted.

GSV value is the biggest scam that took place in the world of PI miners. Only influencers who made videos about GSV value made money from it, while rest watched those videos in hope that they GSV value will be real and they'll be rich when PI gets listed on exchanges.

That's only for the old people who join Pi Network, they are willing to be fooled by their Upline to become their Referral. It really doesn't make sense and is beyond reason, but those people's brains seem to have been washed. So if there are people who give the real explanation, then we will be attacked by their gang.

         -        So some communities can't help but think that Pi is like a cult because some people believe that Pi will overtake Bitcoin, they forget that there are other top altcoins that they need to surpass before Bitcoin.

It's up to them, as long as someone invests in it, it's probably only short-term, but if in the long term it's too far away to do that, really,
only old members will believe in that.

[ZAINmalik75]

Before going for theorice on pi, I have seen so many that have already been stacked at the process of getting the KYC procedures for verification, once you have gotten to a particular stage, it pause and refused to continue, I don't know why all these are happening in such a manner like that, whereby some got theirs unlocked while some couldn't even manage to open or verify the completion of the kyc procedures on request.

This is not a good indication it can be a sign that they are going to rugg pull or abandoning the project or they feel like something big is coming and they list their token now and stopping everyone from selling their tokens yet from the tokenomics looks if they give the users the tokens they have mined the price of the pi token would be way lower then it is now.

To stop that they have locked KYC and tokens, the first bad rule they have was to unlock the reward which we earned from referral until they complete their KYC this is very wrong step and most of the reward is from referrals.

[Mate2237]

Guys, last week I saw pi price hit $6 in Binance and I was surprised. But many people are still complaining that they have stuck pis in their mining app.

[Report]

KYC?
Oh no, I totally disagree with KYC, I'd rather hide my personal identity than get involved in getting free PI coins with KYC.
My KYC is me and I think KYC is also prone to problems if misused by irresponsible people or criminals.

Sorry, I'm a little confused here! Did you not know users had to do mandatory KYC before their mined aka earned coins can be migrated into the mainnet? And if you and your referred users doesn't do KYC, all of the mined (again aka earned) coins will be burned, afaik.

Well, I didn't know before that KYC was needed to get free PI coins.
But if I had known from the beginning, I definitely wouldn't have wanted to join to get PI Coins or if in the middle of the PI coin claim process KYC was required, I think I would have let the PI coins be burned rather than having to provide KYC.

Anyway, I don't know whether the project will bloom in the future or not but apparently those who were involved with this project earned a decent amount of money so far! Not a few bucks but thousands.
-

I'm just guessing that if a cryptocurrency project earns billions of dollars, it should be able to grow rapidly in the future, but if the core team is no longer interested in developing a PI coin, then in the next few weeks the PI coin will also die.

[Faisal2202]

$PI went live earlier, and after an initial downtrend, the price is now pushing upwards. Many have predicted its short- and long-term price action, providing diverse analyses and speculations on Twitter and Reddit. However, one prediction that caught my attention was shared in the Pi Fireside discussion section:
https://fireside.pinet.com/posts/67bc39f80bf8bc004218296f
https://fireside.pinet.com/posts/67bc4e8f432530002d3c5ff8
It suggests that $PI could do up to 10X in the coming days. Do you think that's feasible?

The posts have been deleted and I think the moderator of that forum also don't think it is possible for Pi to do 10x and find the post spam so he deleted hehe, well 10x can be done by Pi no doubt but for that it need 10x market cap and from where all that money come from and why you think people would invest in this coin from different groups and airdrop hunters I am hearing that they plan to dump this coin by selling now or shortly.

So if all of them or most of them are planning to sell then the chance for making 10x are lower therefore we should not just buy it because of a deleted post which say it would make 10x.

[Vx1]

That's only for the old people who join Pi Network, they are willing to be fooled by their Upline to become their Referral. It really doesn't make sense and is beyond reason, but those people's brains seem to have been washed. So if there are people who give the real explanation, then we will be attacked by their gang.

         -        So some communities can't help but think that Pi is like a cult because some people believe that Pi will overtake Bitcoin, they forget that there are other top altcoins that they need to surpass before Bitcoin.

It's up to them, as long as someone invests in it, it's probably only short-term, but if in the long term it's too far away to do that, really,
only old members will believe in that.

In my place, there are many people who join this Pi Airdrop, starting from factory workers, motorcycle taxi drivers, villagers, basically there are many. And on average, they are people who are not familiar with crypto, lured to get a lot of money from Pi, many of them finally join. Currently, the price of Pi is less than $ 2 and since the first release, the price of Pi has never exceeded $ 3. And these people are too hallucinating to get Pi at the GCV price ($ 314k) and too hallucinating Pi which is said to overtake Bitcoin.

[doc]

That's only for the old people who join Pi Network, they are willing to be fooled by their Upline to become their Referral. It really doesn't make sense and is beyond reason, but those people's brains seem to have been washed. So if there are people who give the real explanation, then we will be attacked by their gang.

         -        So some communities can't help but think that Pi is like a cult because some people believe that Pi will overtake Bitcoin, they forget that there are other top altcoins that they need to surpass before Bitcoin.

It's up to them, as long as someone invests in it, it's probably only short-term, but if in the long term it's too far away to do that, really,
only old members will believe in that.

In my place, there are many people who join this Pi Airdrop, starting from factory workers, motorcycle taxi drivers, villagers, basically there are many. And on average, they are people who are not familiar with crypto, lured to get a lot of money from Pi, many of them finally join. Currently, the price of Pi is less than $ 2 and since the first release, the price of Pi has never exceeded $ 3. And these people are too hallucinating to get Pi at the GCV price ($ 314k) and too hallucinating Pi which is said to overtake Bitcoin.

many people are trapped in the lure of getting rich quickly without seeking knowledge and doing research on a new project. I also read stories similar to yours in the past. Newbies should learn and seek knowledge and not be easily tempted by influencers. I didn't mention what projects in the past, because there were actually many projects like that