Can Pi Network help the crypto market recover from difficulties?

[omori]

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.

Only if they will install some trend to keep pushing the narrative, but it's highly unlikely, really, especially - on such a market, where everything doesn't pump really that high and is in a sideway movement, if not dipped to death already.

[Mr. Magkaisa]

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.

            -     That's the only sad thing about that, I hope their team fixes that concern issue so they don't have a problem that continues or else maybe
no one will trust them in the future.

Although they have lost the trust of other investors because of the failures seen in their work. especially now that we are in the red market so far in fact.
So it's possible that a miracle will really happen. Good luck to Pi holders.

[tequilla_sunset]

           -     That's the only sad thing about that, I hope their team fixes that concern issue so they don't have a problem that continues or else maybe
no one will trust them in the future.

Although they have lost the trust of other investors because of the failures seen in their work. especially now that we are in the red market so far in fact.
So it's possible that a miracle will really happen. Good luck to Pi holders.

Only if the market will fill up the gap with liquidity and go on to keep up the coin runnin', which it probably won't due to what you said - red market without the signs that it will rebounce in the following months (at least).

[LogitechMouse]

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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..

Here in the Philippines, the cult is so strong, and they're consist mostly by old people like the ones you posted, and it's because these people who have knowledge about how PI token works are taking advantage of these old people that isn't that knowledgeable when it comes to technology. Heck, I've also seen on Facebook an event where you need to register into a seminar by paying around 1500 PHP (somewhere around 25-30$), and in the end, they will just throw in some basic information, and advertising what they want to advertise. Something like what the usual "gurus" are doing, but this time, they're focused on old people who doesn't have any idea on what's they were attending with.

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

Well, they're constantly opening PI tokens through their migration of the mined tokens. I mean mine's on a queue right now so I guess there are tokens that are being opened for transfer maybe every minute or every hour. This is the reason why PI is constantly dumping right now. While the crypto market is pumping, PI on the other hand is dumping. It's a good token to enter a short position.

[Amug123]

• Do you believe in the PI value?

Regardless of it's price and position on CoinGecko/CoinMarketCap, i still don't trust Pi Network due to these reasons,
1. Their mobile apps actually do not perform mining (as in perform some computation with CPU or GPU).
2. People can start "mining" before their network/blockchain is running.
3. You need to perform KYC to claim coin you "mined". This occurrence never happen on any decentralized PoW coin.

pi network's Mobil app doesn't use traditional mining method,  but that doesn't mean it's not legit i think they are trying something new and that what innovation is all about, allowing people to start mining before the network is live might seems weird but it's actually a cleaver way to build a community and generate Buzz.  we should give them a chance to prove itself, it's still in its early stage and we can't say how things will eventually play out

[DYING_S0UL]

Well, they're constantly opening PI tokens through their migration of the mined tokens. I mean mine's on a queue right now so I guess there are tokens that are being opened for transfer maybe every minute or every hour. This is the reason why PI is constantly dumping right now. While the crypto market is pumping, PI on the other hand is dumping. It's a good token to enter a short position.

By the time mine unlocks, I might be long gone from the earth (being sarcastic). I feel like they, intentionally didn't let me complete the KYC for years, and many others. I had a decent amount of tokens and mining sessions, but every time I tried to do KYC, they wouldn't let me and instead gave me the BS message 'Slot not available!'. Whereas my friends, who recently started mining and didn't even have 50 tokens, were allowed to complete their KYC. Even more surprising, their KYC was approved, while mine has been pending for months now. I don't know when it will be approved, and even if I get approval, I'll have to wait another 6 months! Can you imagine the frustration I feel?

pi network's Mobil app doesn't use traditional mining method,  but that doesn't mean it's not legit i think they are trying something new and that what innovation is all about, allowing people to start mining before the network is live might seems weird but it's actually a cleaver way to build a community and generate Buzz.  we should give them a chance to prove itself, it's still in its early stage and we can't say how things will eventually play out

Innovation, early stage, chance to prove?
What the fu*k are you trying to say here mate? Do you expect us to believe it takes 5-6 years to build something like that! It's utterly nonsense!
Man if you are trying to shill here, I suggest go somewhere else!

[kulkhan]

• Do you believe in the PI value?

Regardless of it's price and position on CoinGecko/CoinMarketCap, i still don't trust Pi Network due to these reasons,
1. Their mobile apps actually do not perform mining (as in perform some computation with CPU or GPU).
2. People can start "mining" before their network/blockchain is running.
3. You need to perform KYC to claim coin you "mined". This occurrence never happen on any decentralized PoW coin.

pi network's Mobil app doesn't use traditional mining method,  but that doesn't mean it's not legit i think they are trying something new and that what innovation is all about, allowing people to start mining before the network is live might seems weird but it's actually a cleaver way to build a community and generate Buzz.  we should give them a chance to prove itself, it's still in its early stage and we can't say how things will eventually play out

I am fully appreciate with your thinking. Pi Network is Mobile mining app but it is somehow different from others mining project. Still i am confident with pi network. Pi has won blockchain. And i think It's future will bright. Huge people already involved with pi network. Only few days ago Pi has been listed on centralized exchanger. And it also listed on Coinmarketcap and Coingatco. We are seeing within short time Pi coin marketcap increased huge now it’s marketcap $360717860 i think it is huge and now it’s position 29th on Coinmarketcap.

I think Pi network will do something good. So we have to wait to see It's future. They are gradually developing, although now it’s price is very low. But i think within short time it will come back and will do something.

[Rubel007]

• Do you believe in the PI value?

Regardless of it's price and position on CoinGecko/CoinMarketCap, i still don't trust Pi Network due to these reasons,
1. Their mobile apps actually do not perform mining (as in perform some computation with CPU or GPU).
2. People can start "mining" before their network/blockchain is running.
3. You need to perform KYC to claim coin you "mined". This occurrence never happen on any decentralized PoW coin.

pi network's Mobil app doesn't use traditional mining method,  but that doesn't mean it's not legit i think they are trying something new and that what innovation is all about, allowing people to start mining before the network is live might seems weird but it's actually a cleaver way to build a community and generate Buzz.  we should give them a chance to prove itself, it's still in its early stage and we can't say how things will eventually play out

I think Pi network will do something good. So we have to wait to see It's future. They are gradually developing, although now it’s price is very low. But i think within short time it will come back and will do something.

This project has the potential to be good. Since there is a huge community associated with it. Other mining projects have brought their coins to the market in a short time, but it has taken a long time. But I am not expecting anything good from it in the short term because many have mined a lot of coins from this mining operation. If they get the coins, then there will be a big selling pressure. Which will be able to take the price of the coin further down. Although the coins have been locked there for a long time. But many have not locked it. When the mining rewards are given to the miners, the price of the coin will definitely decrease a lot. But I believe that the coin can show something good in the long term. But investors should exercise extreme caution when it comes to altcoins.

[gunhell16]

• Do you believe in the PI value?

Regardless of it's price and position on CoinGecko/CoinMarketCap, i still don't trust Pi Network due to these reasons,
1. Their mobile apps actually do not perform mining (as in perform some computation with CPU or GPU).
2. People can start "mining" before their network/blockchain is running.
3. You need to perform KYC to claim coin you "mined". This occurrence never happen on any decentralized PoW coin.

pi network's Mobil app doesn't use traditional mining method,  but that doesn't mean it's not legit i think they are trying something new and that what innovation is all about, allowing people to start mining before the network is live might seems weird but it's actually a cleaver way to build a community and generate Buzz.  we should give them a chance to prove itself, it's still in its early stage and we can't say how things will eventually play out

I think Pi network will do something good. So we have to wait to see It's future. They are gradually developing, although now it’s price is very low. But i think within short time it will come back and will do something.

This project has the potential to be good. Since there is a huge community associated with it. Other mining projects have brought their coins to the market in a short time, but it has taken a long time. But I am not expecting anything good from it in the short term because many have mined a lot of coins from this mining operation. If they get the coins, then there will be a big selling pressure. Which will be able to take the price of the coin further down. Although the coins have been locked there for a long time. But many have not locked it. When the mining rewards are given to the miners, the price of the coin will definitely decrease a lot. But I believe that the coin can show something good in the long term. But investors should exercise extreme caution when it comes to altcoins.

I'm not really interested in pi, now if we're talking about short term activity here in crypto, maybe I can day trade it, and if I see that I'm getting a little profit here, I'll just continue the short-term activity here.

Because it seems like what I see that it can really be its lowest peak price looks like it's at 0.0025$ and right now this price that I mentioned will only be realistic when it drops below 0.1$ here, which is possible what I'm saying, but for now let's see.

[LogitechMouse]

Pi Network is Mobile mining app but it is somehow different from others mining project. Still i am confident with pi network. Pi has won blockchain. And i think It's future will bright. Huge people already involved with pi network. Only few days ago Pi has been listed on centralized exchanger. And it also listed on Coinmarketcap and Coingatco. We are seeing within short time Pi coin marketcap increased huge now it’s marketcap $360717860 i think it is huge and now it’s position 29th on Coinmarketcap.

I think Pi network will do something good. So we have to wait to see It's future. They are gradually developing, although now it’s price is very low. But i think within short time it will come back and will do something.

You can say good things about the project, but you can't change the fact that the project itself is skeptical for many reasons. Huge people? Who are these huge people that you're saying? Being listed on both on Coinmarketcap and Coingecko is pretty much normal because it has been listed, and it has price already, and all of the shitcoins are also being listed as well. Well, it's market cap is huge that's why its price is going down, and it's heavily overvalued, even at its current price of around $0.40.

Pi will do something good? Probably, but how long do the community needs to wait? Another 6 years again before building the ecosystem? Waiting for its future? Gradually developing? Yes, but for how long? 3 years? 6 years? I'm thinking you're a follower of the project so what I would say is that, just hope that they will do something. Just hold your tokens if you have some and wait until its price goes to below $0.10.

[ABCbits]

• Do you believe in the PI value?

Regardless of it's price and position on CoinGecko/CoinMarketCap, i still don't trust Pi Network due to these reasons,
1. Their mobile apps actually do not perform mining (as in perform some computation with CPU or GPU).
2. People can start "mining" before their network/blockchain is running.
3. You need to perform KYC to claim coin you "mined". This occurrence never happen on any decentralized PoW coin.

pi network's Mobil app doesn't use traditional mining method,  but that doesn't mean it's not legit

I never say anything about legit/not. But it's clear they intentionally misuse term "mining".

i think they are trying something new and that what innovation is all about, allowing people to start mining before the network is live might seems weird but it's actually a cleaver way to build a community and generate Buzz.

Generate buzz? I can agree to that. But IMO it's not innovative and closer to lying.

we should give them a chance to prove itself, it's still in its early stage and we can't say how things will eventually play out

AFAIK it's been since 5 years since Pi coin initially announced, so it's hardly in early stage.

[ropyu1978]

Shock check current lower price of Pi coin, today dropped to $0.4 but bit interested for scalper trade with Pi coins how increasing significant almost 100% after Pi coin bounce back to $0.75. Just take short moment for Pi trader how faster take profit after Pi dump drastically and hit almost 100% from lower price without take longer time.
Another time, interested for trading with short term moment at Pi coin, believing if have another dump or lower price under $0.4 I will buy back as much possibility and set up for selling above $0.8.

[Vx1]

Shock check current lower price of Pi coin, today dropped to $0.4 but bit interested for scalper trade with Pi coins how increasing significant almost 100% after Pi coin bounce back to $0.75. Just take short moment for Pi trader how faster take profit after Pi dump drastically and hit almost 100% from lower price without take longer time.
Another time, interested for trading with short term moment at Pi coin, believing if have another dump or lower price under $0.4 I will buy back as much possibility and set up for selling above $0.8.

Be careful if you want to buy Pi, because tokens continue to be sold in large quantities by someone. Now the supply in the market is increasing, the community is no longer respectful, this will worsen the decline in the price of Pi and it will be difficult to rise again.

[Gurujebs]

Be careful if you want to buy Pi, because tokens continue to be sold in large quantities by someone. Now the supply in the market is increasing, the community is no longer respectful, this will worsen the decline in the price of Pi and it will be difficult to rise again.

Just recently when PI coin was launch, everyone were busy calling all sort of prices waiting for different price but then it seems many didn't understood the tokenomics. There are large chunck of PI that are waiting to be unlock as the time goes and many people are really affected by the lock tokens, if all is unlocked this price will die.

I still think this FDV is too high for a coin like PI coin, there are bigger coins that are doing better than PI, building better than PI but they are not too evaluated like the way PI coin is looking, even if they have been around for long, the valuation is too high, everyone will sell and move on.

[NotATether]

Pi Network will not do anything for the market. Even if it was any good, it is too small to move any cryptocurrency markets to normal levels.

We have to stop asking if various cryptocurrency projects will help contribute to relieve market difficulties, because they do not have that sort of power. Power only lies with traders (en masse), governments, celebrities, and whales.