Can Pi Network help the crypto market recover from difficulties?

[Mr. Magkaisa]

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

     -      Some say we should just respect or let them choose what they want, even if we say it's not good in the eyes of others because as investors we are not here to please other people with the crypto assets we want to buy and hold long-term.

That's why others don't do it to warn because in the end it turns out they are the bad ones, so if there are communities that are victims of fomo, it's their choice and we are not the ones who are fomoed, that's all.

[vegasus]

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

I don't know exactly where it came from. However, to be honest, there are a lot of Pi Network communities in my country, Indonesia. In fact, not only on Telegram, but on Facebook, wow, there are a lot of members there, and the group is very active. They even buy and sell Pi coins since before it was officially traded.

Even more confusing is, there is a friend of mine who used to argue with me about crypto halal/haram, and at the end of last year he posted on WA his story about this Pi Network Coin, and he was contacted by someone who contacted him via Facebook to buy his coins. It's a bit surprising, but it is that popular here.

[Vx1]

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

I don't know exactly where it came from. However, to be honest, there are a lot of Pi Network communities in my country, Indonesia. In fact, not only on Telegram, but on Facebook, wow, there are a lot of members there, and the group is very active. They even buy and sell Pi coins since before it was officially traded.

Even more confusing is, there is a friend of mine who used to argue with me about crypto halal/haram, and at the end of last year he posted on WA his story about this Pi Network Coin, and he was contacted by someone who contacted him via Facebook to buy his coins. It's a bit surprising, but it is that popular here.

Pi Network became very viral and popular because the people who run it are people who are used to being involved in MLM business, they easily find referrals because they are used to doing that. With the lure of getting big profits, they invite people to join, and on average the members are old people who do not understand Crypto at all. So they are easily seduced by the lure of getting a lot of money.

[armanda90]

I am from Indonesia and in my country Pi have been popular make many our citizen most optimistic with Pi coins have expensive price than bitcoin, firstly before launching at market most of them make community and sharing about Pi have highest price when listing at market.
But many of them can't acceptable yet after Pi coins price listing out their expectation price just raise new ATH price above $3, now Pi as another coins have drop to lower price but difficult to make their community accepting with current Pi coin price due most of their member believing Pi is most expensive coin.

[Crypto Library]

I would like to know your opinion on this:

• Do you believe in the PI value?

To be honest in my personal point of view I don't think there will be  much value of the PIcoin but yes there will the value so I can't the value in PI.  But I don't think the value Pi coin now existing I don't think it will be sustained in the future because of only the use maximum supply and as well low potentially.

• Will you invest in PI?

For investing in a coin I just check some fact like the potentiality of that project, and as well that developers plan, roads map and also who were the backers in my personal opinion I don't think PIcoin have any of them so I will not going best in Pi-coin.

• Do you think PI will provide momentum for the crypto market's resurgence?

While Bitcoin is currently struggling to correct in the market, I don't think a shitcoin like PIcoin will play an effective role in recovering from difficulties in the entire market.

[KryptoBull]

I am from Indonesia and in my country Pi have been popular make many our citizen most optimistic with Pi coins have expensive price than bitcoin, firstly before launching at market most of them make community and sharing about Pi have highest price when listing at market.
But many of them can't acceptable yet after Pi coins price listing out their expectation price just raise new ATH price above $3, now Pi as another coins have drop to lower price but difficult to make their community accepting with current Pi coin price due most of their member believing Pi is most expensive coin.

Perhaps the PI price hasn't dropped to 0.1 USD thanks to the trust of such active members in the Pi community. If they believe in the future of PI, they might buy PI at a very low price with excitement and joy instead of disappointment or anger.

I don't own any PI, but I always hope the PI price will increase sharply to drive excitement and FOMO in the crypto market. Unfortunately, whales don't seem to have a similar plan. Currently, many people are talking about a plan to burn some PI to reduce supply and increase scarcity. I doubt the success of this plan because many memecoins have burned 99% of their total token supply but still couldn't save the project and prevent the token's price from falling.

[DYING_S0UL]

Pi Network became very viral and popular because the people who run it are people who are used to being involved in MLM business, they easily find referrals because they are used to doing that. With the lure of getting big profits, they invite people to join, and on average the members are old people who do not understand Crypto at all. So they are easily seduced by the lure of getting a lot of money.

They could be scheming something big to pull off a massive scam. They could also sell the KYC data, I wouldn't be too surprised at this point. What I know for sure is that these guys are intentionally delaying every step, from KYC approval to mainnet migrations and everything. Because something like this should never happen with a project that has been running for 5 years. Their behavior and delay in everything indicate something might be fishy going on. Of course, others may have different perspectives, but as for me, this is my point of view.

[Mate2237]

Pi network will not have a breathing space in the cryptocurrency ecosystem. PI is the number shitcoin I have ever met in my life in the cryptocurrency ecosystem. PI launched their coin in the crypto market yet those who have mined pi have not gotten their mined pi and they are still mining pi now continuously.

If really they are doing a genuine project they would given a deadline for the mining and released all the mined PIs and close the public mining ad only for specific miners like any other projects. PI can't even with stand with Hamster Kombat.

[Salahmu]

I don't know exactly where it came from. However, to be honest, there are a lot of Pi Network communities in my country, Indonesia. In fact, not only on Telegram, but on Facebook, wow, there are a lot of members there, and the group is very active. They even buy and sell Pi coins since before it was officially traded.

From the very day Pi started a lot of communities with like minds has been everywhere, actually it wasn't only in your country but also mine we have a lot of community in my country concerning Pi and funny enough based on the love they have for the coin they freely share information about Pi coin on the media, however I didn't participate on it but I hope it was worth it for people who took it upon themselves earlier to support the project, I notice that there was a serious fall in price after it was listed but since then I have not check it again.

[Bobcrypto]

Pi Network became very viral and popular because the people who run it are people who are used to being involved in MLM business, they easily find referrals because they are used to doing that. With the lure of getting big profits, they invite people to join, and on average the members are old people who do not understand Crypto at all. So they are easily seduced by the lure of getting a lot of money.

They could be scheming something big to pull off a massive scam. They could also sell the KYC data, I wouldn't be too surprised at this point. What I know for sure is that these guys are intentionally delaying every step, from KYC approval to mainnet migrations and everything. Because something like this should never happen with a project that has been running for 5 years. Their behavior and delay in everything indicate something might be fishy going on. Of course, others may have different perspectives, but as for me, this is my point of view.

Every wise crypto enthusiast who has been on the crypto ecosystem for thr past six years will know that newly launched project tokens, whether with hype or being speculated, might understood that the days of solid projects that could live up to the hype into the future are very uncommon.
Obviously speaking, you may not get the good projects that can stand the text of time before they vanish away.

PI token, in my opinion was just based on hype, not a serious utility that could sustain the market dumps, and the team only succeeded on good marketing strategies that gave rise to the large numbers of the community, unfortunately, the majority of them are newbies, no experienced. Funny enough, many members of the community thought that PI will be higher than Bitcoin price when listed. Some concluded that PI coin will lead the market, but it was a big deception, though many has remains ignorant of the crypto economy and how it works.

[Vx1]

~

They could be scheming something big to pull off a massive scam. They could also sell the KYC data, I wouldn't be too surprised at this point. What I know for sure is that these guys are intentionally delaying every step, from KYC approval to mainnet migrations and everything. Because something like this should never happen with a project that has been running for 5 years. Their behavior and delay in everything indicate something might be fishy going on. Of course, others may have different perspectives, but as for me, this is my point of view.

The Pi Network members are not few, if the Developer has the wrong goal it will definitely be dangerous. The KYC problem is that the approval is not the System, but manual between Pi members. In my opinion, this is not good, because they can just click Suitable or not without detailed research. If this migration problem is really too much, a project that has been running for years should not have problems like this.

[Mr. Magkaisa]

~

They could be scheming something big to pull off a massive scam. They could also sell the KYC data, I wouldn't be too surprised at this point. What I know for sure is that these guys are intentionally delaying every step, from KYC approval to mainnet migrations and everything. Because something like this should never happen with a project that has been running for 5 years. Their behavior and delay in everything indicate something might be fishy going on. Of course, others may have different perspectives, but as for me, this is my point of view.

The Pi Network members are not few, if the Developer has the wrong goal it will definitely be dangerous. The KYC problem is that the approval is not the System, but manual between Pi members. In my opinion, this is not good, because they can just click Suitable or not without detailed research. If this migration problem is really too much, a project that has been running for years should not have problems like this.

     -     I also agree that Pi's community is not small, because they also built many communities that are naive to cryptocurrency, which is why many of their communities are now disappointed with the system that Pi management has shown so far.

I also don't know how far its price can reach, as long as right now if its price drops by 0.6$, the next one is 0.271$ And if it breaks down,
it will be heading to 0.05$, this is my prediction according to the analysis I did last month.

[Vx1]

~

     -     I also agree that Pi's community is not small, because they also built many communities that are naive to cryptocurrency, which is why many of their communities are now disappointed with the system that Pi management has shown so far.

I also don't know how far its price can reach, as long as right now if its price drops by 0.6$, the next one is 0.271$ And if it breaks down,
it will be heading to 0.05$, this is my prediction according to the analysis I did last month.

Pi price has continued to fall since its listing on the stock exchange some time ago, this can be seen in the Pi Network price chart.
Traders and Investors are not interested in Pi, plus Pi poor management and service have made Pi price fall even deeper.
Plus the large supply of Pi, I am sure that Pi price will continue to fall for some time to come.

[dave_strider]

I don't know exactly where it came from. However, to be honest, there are a lot of Pi Network communities in my country, Indonesia. In fact, not only on Telegram, but on Facebook, wow, there are a lot of members there, and the group is very active. They even buy and sell Pi coins since before it was officially traded.

From the very day Pi started a lot of communities with like minds has been everywhere, actually it wasn't only in your country but also mine we have a lot of community in my country concerning Pi and funny enough based on the love they have for the coin they freely share information about Pi coin on the media, however I didn't participate on it but I hope it was worth it for people who took it upon themselves earlier to support the project, I notice that there was a serious fall in price after it was listed but since then I have not check it again.

Didn't see any groups shared in my part of the globe regarding the PI, but surely, there are these too - as with any project like that and people wanting to bring as much folks into it as possible.

For now, the price moves sideways, and doesn't seem to be pushed in any direction, sticking to ~0,6$.

[Fivestar4everMVP]

Pi network will not have a breathing space in the cryptocurrency ecosystem. PI is the number shitcoin I have ever met in my life in the cryptocurrency ecosystem. PI launched their coin in the crypto market yet those who have mined pi have not gotten their mined pi and they are still mining pi now continuously.

If really they are doing a genuine project they would given a deadline for the mining and released all the mined PIs and close the public mining ad only for specific miners like any other projects. PI can't even with stand with Hamster Kombat.

It's very disappointing to use the least of words, Pi is a total disgrace really, they had or has the infrastructure to really become one of the best cryptocurrencies in the crypto ecosystem, but unfortunately, the team haven't been straight forward and fair in their token distribution model.

I have been mining this shi*t since 2019 or early, and I completely my kyc verification in 2022, and can you believe that till today and even at this moment, my kyc status is still on the tentative approval, and because of this, non of my mined pi was migrated, and the worst of all is that I don't even know how long I will have to wait before the coins I mined get migrated to the Mainnet..

This is one reason I have lost interest in Pi, I think it will take nothing but a miracle for Pi to still be relevant in the crypto market in the next coming one year.