Can Pi Network help the crypto market recover from difficulties?

[LogitechMouse]

         -      But the only thing I can really say about pi is that their communities are like a cult because here in our country they have a place that they went to that they even lit a candle at their Pi event that I can't help but feel like it's a cult to me.

We're from the same country, and you will agree with me if I say that most of the members of that community are delusional. Right? Yep, they're like a cult that believes in something. I can't blame though, but the fact that most of the members of that cult are considered old (around late 40's up), is a problem because they don't have enough knowledge about the technology hence, they can easily be brainwashed just by hearing some flowery words coming from these "PREDATORS".

Now about the price, well this picture that you can see below is my simple analysis observation on pi in the direction of its price.
---

Just imagine if you shorted that coin. You could've made some huge bucks from that coin.
I mean while most of the coins are going up yesterday, PI on the other hand continues to move either sideways or going down as it's having a hard time breaking that 1$ resistance.

[erus]

Btw what was you guys' lockup duration? Mine is 6 month. So even if it gets approves today, I'll have to wait another 6 months to be able to use the coins, Lol. The drama goes on...

9 months for me, that's why I'm not so enthusiastic about the locking period that I didn't specify but it was automatic in my account, PI is full of drama for me, it's hard to reach if he really gives money for free

9 months is not a short time and it is certain that a lot of time has passed. If we plant corn in the field in 9 months, maybe 18 harvests will be done because as far as I know, corn only needs about 2 months to be harvested.
PI coin with a duration of 9 months, I think it's just a waste of time, it doesn't make sense. I also, if I were in your position, would definitely be disappointed if PI coin held an event but didn't pay us or only paid a few rewards.

~snip~
I mean look at other platforms where KYC is required, have you heard it took 2 years? Nope!

I also think comparing it with the KYC system of centralized exchanges like Binance, OKEx or whatever, which usually approves KYC around 1x24 hours. And I think 1x24 hours is also a bit too long because if our personal data is correct and checked by the system automatically, it should be approved immediately.
~snip~

1x24 hours should be enough to review the data we entered,

As I said before, if you can approve KYC 1x24 hours, it is a real project like Binance, OKX or a local market in your country that has a high level of trust.
If it is for the PI coin project, don't expect your KYC after 24 hours to be approved because it has been proven by other members whose KYC has not been approved for almost 2 years.

yesterday I tried to re-KYC at the beginning of the year because my apk was deleted and until now it is still in the review stage and my transfer period to minet will expired in 11 hours if KYC is not approved then the tokens I have will not be able to be sent to the mainet,

It seems like this will be a disaster for you because your KYC will not be approved immediately within 1x24 hours.
I think and assume that your Mainnet token will not be available to you. Cmiiw

I don't know what the final goal of this project is, will it be proven that it is said that the price can exceed bitcoin to price

It's just a joke and there's no way PI coin can match the price of Bitcoin which exceeds the current price of 82,000 dollars more.
Technically, this PI coin has such a large supply and up to Billions of coins, we can easily calculate that Billions of coins will be difficult to increase in price in various markets.

[DYING_S0UL]

         -      But the only thing I can really say about pi is that their communities are like a cult because here in our country they have a place that they went to that they even lit a candle at their Pi event that I can't help but feel like it's a cult to me.

We're from the same country, and you will agree with me if I say that most of the members of that community are delusional. Right? Yep, they're like a cult that believes in something. I can't blame though, but the fact that most of the members of that cult are considered old (around late 40's up), is a problem because they don't have enough knowledge about the technology hence, they can easily be brainwashed just by hearing some flowery words coming from these "PREDATORS".

Do you guys have any idea where PI is based on? And the cult you’re talking about, are they from Indonesia, the Philippines, or other similar Asian countries? I’m asking this because the cult you’re referring to seems to only include people from these countries. I’ve never seen any Black or White people among them. In all the promotions I have seen across social media, the member gatherings for this project, there have only been people from these parts...

Just loook at the image below..only old people from asian country..

Now about the price, well this picture that you can see below is my simple analysis observation on pi in the direction of its price.
---

Just imagine if you shorted that coin. You could've made some huge bucks from that coin.
I mean while most of the coins are going up yesterday, PI on the other hand continues to move either sideways or going down as it's having a hard time breaking that 1$ resistance.

Don't forget they still have a massive portion of locked tokens. And when that unlocks the sell pressure would rise drastically. Which means more dumpsss

[Mr. Magkaisa]

         -      But the only thing I can really say about pi is that their communities are like a cult because here in our country they have a place that they went to that they even lit a candle at their Pi event that I can't help but feel like it's a cult to me.

We're from the same country, and you will agree with me if I say that most of the members of that community are delusional. Right? Yep, they're like a cult that believes in something. I can't blame though, but the fact that most of the members of that cult are considered old (around late 40's up), is a problem because they don't have enough knowledge about the technology hence, they can easily be brainwashed just by hearing some flowery words coming from these "PREDATORS".

Now about the price, well this picture that you can see below is my simple analysis observation on pi in the direction of its price.
---

Just imagine if you shorted that coin. You could've made some huge bucks from that coin.
I mean while most of the coins are going up yesterday, PI on the other hand continues to move either sideways or going down as it's having a hard time breaking that 1$ resistance.

       -      Yeah I agreed that they are very delusional, no offense to other Pi believers, that's why I said that Pi seems like a cult to happen last week because I read in an article where they had an activity at a location in Muntinlupa, where the people they went to were really innocent.

I even laughed when I read that they even lit candles for those they invited, which was organized by an organizer in the brgy. Of course I was wondering what their lighting of candles has to do with their promotion of Pi? That's all, what's that? hehehe..

[JISAN]

For now we can't say much about this pi coin, because it was just newly launched, anything can come as a result with time over its, we just need to give it some time to see how it market performance could go well in the crypto markets and also see if it's utility exists for long term, because we have seen some projects like that that, which comes and later left because of related challenges faced by them after successful launch.

Usually, such projects die out pretty fast due to not sustaining the momentum put into them.
We will see whether it will be the same case here 

Such projects cannot survive long in the market with a good price. Because after being hyped for some time when their hype is over, everyone forgets about them and runs after some new hype. But it may look a little different because pi has a long vesting period where miners can unlock their mined coins for several years. And besides, new mining has not been stopped. So since the huge amount a community can still mine it, a large community can remember it for a long time.

[Alone055]

Such projects cannot survive long in the market with a good price. Because after being hyped for some time when their hype is over, everyone forgets about them and runs after some new hype. But it may look a little different because pi has a long vesting period where miners can unlock their mined coins for several years. And besides, new mining has not been stopped. So since the huge amount a community can still mine it, a large community can remember it for a long time.

Despite all that, it's still struggling. It went to $3, which is the all-time high for it so far, but it's currently trading around $0.90, which is a huge dump from where it was a couple of weeks ago. So, even if the community is strong and people are still mining and referring others, that isn't helping the price go up or stay up. It has been struggling for days and keeps going down over time.

Those who have coins locked or vested will surely sell them as soon as they unlock because people wouldn't wait for it to hit a new all-time high because they have gotten all those coins for free, and no matter what you get, if it's for free, you will surely take it.

Traders seem less interested in trading PI, which is probably the reason why it's in decline because there are more sellers than buyers in the market right now.

[Gurujebs]

Such projects cannot survive long in the market with a good price. Because after being hyped for some time when their hype is over, everyone forgets about them and runs after some new hype. But it may look a little different because pi has a long vesting period where miners can unlock their mined coins for several years. And besides, new mining has not been stopped. So since the huge amount a community can still mine it, a large community can remember it for a long time.

You see the price PI coin is been traded, trust me it's a discount price to sell, you are going to see the actual price when we see the worst in the market and not when everything is shiny for every investors. I still say it that the valuation of PI is very big, they want to keep it with hype and nothing serious about it, but they think one doesn't know anything about it.

Coins that are always huge in valuation that usually maintain this price are coins that have been on the market for long and when they finally get that click, they pump and don't dump like that especially if it's pump on fundamentals of the project and not hype.

[Bobcrypto]

         -      But the only thing I can really say about pi is that their communities are like a cult because here in our country they have a place that they went to that they even lit a candle at their Pi event that I can't help but feel like it's a cult to me.

Now about the price, well this picture that you can see below is my simple analysis observation on pi in the direction of its price.

Well, whether the PI platform has turned into prayerful community or decided to burn candles as a  cult or community in attempts to improve the price, or value of the coin, it is unnecessary because Bitcoin still has full control of the entire price movements.
The PI community should understand that there are many factors that helped new crypto assets to grow overtimes and not just the size of the community alone. I think that currently there sre no fresh demands, unfortunately, most of  holders are newbies, they might have join panic sellers to dumps the price.

[Mr. Magkaisa]

         -      But the only thing I can really say about pi is that their communities are like a cult because here in our country they have a place that they went to that they even lit a candle at their Pi event that I can't help but feel like it's a cult to me.

Now about the price, well this picture that you can see below is my simple analysis observation on pi in the direction of its price.

Well, whether the PI platform has turned into prayerful community or decided to burn candles as a  cult or community in attempts to improve the price, or value of the coin, it is unnecessary because Bitcoin still has full control of the entire price movements.
The PI community should understand that there are many factors that helped new crypto assets to grow overtimes and not just the size of the community alone. I think that currently there sre no fresh demands, unfortunately, most of  holders are newbies, they might have join panic sellers to dumps the price.

         -     Just imagine if Pi management had not made the locked pi tokens available to their first batch of pi miners 6 years ago, for sure its price would have dropped rapidly in the market, because what usually happens is once the participants receive the rewards, they always do dump the price.

If I see it completely fall in the market, I will definitely buy pi at its cheap price. That's just the way the game is in these cryptocurrency fields,
that's why you buy low and sell high.

[BlockCipherX]

Such projects cannot survive long in the market with a good price. Because after being hyped for some time when their hype is over, everyone forgets about them and runs after some new hype. But it may look a little different because pi has a long vesting period where miners can unlock their mined coins for several years. And besides, new mining has not been stopped. So since the huge amount a community can still mine it, a large community can remember it for a long time.

Despite all that, it's still struggling. It went to $3, which is the all-time high for it so far, but it's currently trading around $0.90, which is a huge dump from where it was a couple of weeks ago. So, even if the community is strong and people are still mining and referring others, that isn't helping the price go up or stay up. It has been struggling for days and keeps going down over time.

Those who have coins locked or vested will surely sell them as soon as they unlock because people wouldn't wait for it to hit a new all-time high because they have gotten all those coins for free, and no matter what you get, if it's for free, you will surely take it.

Traders seem less interested in trading PI, which is probably the reason why it's in decline because there are more sellers than buyers in the market right now.

I've been mulling this over a ton myself. Hype can really kick things off for a project like Pi but I've noticed it just kinda fades away when there's nothing solid to keep people interested. Honestly, I'm a bit concerned because that long vesting period might drag things out and it seems like everyone's just waiting to cash out the second their coins unlock. There just aren't enough buyers out there to match all that selling and it's making it tough for the price to bounce back. Honestly I feel like unles Pi comes up with a solid use case that gets people excited to hold onto their coins for more than just mining, it's going to keep struggling to stay afloat. I'm really hoping they figure something out soon because i'd love to see this project thrive.

[milewilda]

Not interested

I dont care about this PI hype. Arent we done yet with this one? We've been that several weeks after the launch. People do keep on still hyping it out. What would PI do for the market to make out some recovery? This is really something a clown would really be thinking.  We do know that this market doesnt rely on something but rather on community demand and recognition. Although there would really be mix of manipulation but still its not something that could really be able to know on where it would be going. We do know that on the time or moment that we will really be having that bearish market then people would really be that always think up funny such as this.

[omori]

Not interested

I dont care about this PI hype. Arent we done yet with this one? We've been that several weeks after the launch. People do keep on still hyping it out. What would PI do for the market to make out some recovery? This is really something a clown would really be thinking.  We do know that this market doesnt rely on something but rather on community demand and recognition. Although there would really be mix of manipulation but still its not something that could really be able to know on where it would be going. We do know that on the time or moment that we will really be having that bearish market then people would really be that always think up funny such as this.

Every new project faces such hard times. Time where it can die or outlive the initial pump it had (or dump, depends on the case).

But I too think we've got bigger fish to fry currently..

[KryptoBull]

Not interested

I dont care about this PI hype. Arent we done yet with this one? We've been that several weeks after the launch. People do keep on still hyping it out. What would PI do for the market to make out some recovery? This is really something a clown would really be thinking.  We do know that this market doesnt rely on something but rather on community demand and recognition. Although there would really be mix of manipulation but still its not something that could really be able to know on where it would be going. We do know that on the time or moment that we will really be having that bearish market then people would really be that always think up funny such as this.

It's been a few weeks, and perhaps PI has let us and its community down. The PI price fell below 1 USD and could go even lower as investor FOMO subsides. Currently, many Youtube videos claim that PI's value is not accurately reflected on the price chart. I don't understand their point, as they were once very optimistic and touted the listing on top CEXs as a major success for PI.

We're not concerned about PI because we have many other investment opportunities in this market. I think we should leave the opportunity to buy PI at a low price to PI community members. They believe PI will soon reach 314 USD or even higher, so the market is giving them a chance to buy PI at an extremely low price and more easily than before.

[gunhell16]

Not interested

I dont care about this PI hype. Arent we done yet with this one? We've been that several weeks after the launch. People do keep on still hyping it out. What would PI do for the market to make out some recovery? This is really something a clown would really be thinking.  We do know that this market doesnt rely on something but rather on community demand and recognition. Although there would really be mix of manipulation but still its not something that could really be able to know on where it would be going. We do know that on the time or moment that we will really be having that bearish market then people would really be that always think up funny such as this.

It's been a few weeks, and perhaps PI has let us and its community down. The PI price fell below 1 USD and could go even lower as investor FOMO subsides. Currently, many Youtube videos claim that PI's value is not accurately reflected on the price chart. I don't understand their point, as they were once very optimistic and touted the listing on top CEXs as a major success for PI.

We're not concerned about PI because we have many other investment opportunities in this market. I think we should leave the opportunity to buy PI at a low price to PI community members. They believe PI will soon reach 314 USD or even higher, so the market is giving them a chance to buy PI at an extremely low price and more easily than before.

What else can we expect from youtubers who create content on Pi, of course what they will do is endlessly hype even if it is no longer true, almost the majority of them are clickbait in their thumbnails just so they can grab people's attention, particularly pi fanatics.

Then there is only one thing I see from them, besides views they are after on youtube, this is what I know they also have Pi holdings, so maybe what they are doing is hyping the community thinking that the price will go up so they can make money, I don't know about them, they are still all deception.

[KryptoBull]

What else can we expect from youtubers who create content on Pi, of course what they will do is endlessly hype even if it is no longer true, almost the majority of them are clickbait in their thumbnails just so they can grab people's attention, particularly pi fanatics.

Then there is only one thing I see from them, besides views they are after on youtube, this is what I know they also have Pi holdings, so maybe what they are doing is hyping the community thinking that the price will go up so they can make money, I don't know about them, they are still all deception.

They all have a ton of referrals thanks to the continuous support over the years, and I believe they've received a lot of PI during that mining period. They have skin in the game, so they're always very active in encouraging expectations for this token. I get the feeling they want to encourage people to buy and hold PI instead of selling to take profits from their free PI.

I think they also love PI and want PI to be the way they change their financial status, just like how BTC has changed many investors' lives. I wish them success and leave them the opportunity to buy PI at under 1 USD. I myself will wait for the ETH price increase and its consequence, the altseason