Can Pi Network help the crypto market recover from difficulties?

[|MINER|]

It seems like our expectations for the positive impact of PI on the entire crypto market haven't come true. PI has dropped in price significantly, disappointing the PI holders community and turning many of them into crypto anti-fans

I can't predict the PI price in the coming weeks or months, it seems everything depends on the price manipulation plans of the Founders and the Market Makers. If they want to accumulate, they will dump the price to buy more, conversely, they will pump to take profits.

Actually I never expected that for Pi-coin point there will be an positive impact on the  crypto market. 
And what I expected is that the price of Pi-coin will start dumping very soon and that is what happened and we have already seen a huge drop in the market even Bitcoin has dumped over 10% in 24 hours. And if we look at Pi-coin this week it has dropped over 18% I think this percentage will be higher in the next few days.
So at least now there is no chance of thinking about anything positive on Picoin

[ABCbits]

--snip--

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.

What exactly do you mean by "the community is no longer respectful"? People who "mined" Pi network probably know it has some red flags and shadiness, so it's not surprising they would sell all Pi network they own as soon as possible.

What I'm interested in (if anyone knows) is whether we know who is really behind that project and whether it was just a long-term scheme to extract as much money as possible through advertising through the app and then use the listing on CEXs to dump as many coins as possible and literally get rich overnight?

I never research that far, but looking at details on their Google Play/App Store, they collect lots of user data. So i wouldn't be surprised if they also collect and sell user data.

[omori]

It seems like our expectations for the positive impact of PI on the entire crypto market haven't come true. PI has dropped in price significantly, disappointing the PI holders community and turning many of them into crypto anti-fans

I can't predict the PI price in the coming weeks or months, it seems everything depends on the price manipulation plans of the Founders and the Market Makers. If they want to accumulate, they will dump the price to buy more, conversely, they will pump to take profits.

Actually I never expected that for Pi-coin point there will be an positive impact on the  crypto market. 
And what I expected is that the price of Pi-coin will start dumping very soon and that is what happened and we have already seen a huge drop in the market even Bitcoin has dumped over 10% in 24 hours. And if we look at Pi-coin this week it has dropped over 18% I think this percentage will be higher in the next few days.
So at least now there is no chance of thinking about anything positive on Picoin

All the market is shaking.

The fear of the recession is real.

[Lucius]

What I'm interested in (if anyone knows) is whether we know who is really behind that project and whether it was just a long-term scheme to extract as much money as possible through advertising through the app and then use the listing on CEXs to dump as many coins as possible and literally get rich overnight?

I never research that far, but looking at details on their Google Play/App Store, they collect lots of user data. So i wouldn't be surprised if they also collect and sell user data.

I don't know if someone made it up for popularity, but I've often read that some professors from a famous university are behind it all - although it seems to me that these are much more mysterious figures who are much closer to organized crime than people dedicated to spreading knowledge.

Still, it must be admitted that they were very resourceful, because today almost everyone has smartphones and thinks they can mine with them, and they are obviously willing to give their data to strangers.

[DYING_S0UL]

People who "mined" Pi network probably know it has some red flags and shadiness, so it's not surprising they would sell all Pi network they own as soon as possible.

I would sell mine as soon as it unlocks, not a second, not a moment, no questions asked! Straight to the marketplace, don't care whether it's 1 Doller or 1 cent! I'm tired of this bullsh!t project and I don't wanna be part of this anymore!

What I'm interested in (if anyone knows) is whether we know who is really behind that project and whether it was just a long-term scheme to extract as much money as possible through advertising through the app and then use the listing on CEXs to dump as many coins as possible and literally get rich overnight?

I never research that far, but looking at details on their Google Play/App Store, they collect lots of user data. So i wouldn't be surprised if they also collect and sell user data.

I don't know if someone made it up for popularity, but I've often read that some professors from a famous university are behind it all - although it seems to me that these are much more mysterious figures who are much closer to organized crime than people dedicated to spreading knowledge.

Still, it must be admitted that they were very resourceful, because today almost everyone has smartphones and thinks they can mine with them, and they are obviously willing to give their data to strangers.

Yeah some Ph.D. holders or whatever with no clear team members! Nobody knows nothing!

I second your thought on this. I highly suspect these guys might be involved with somethings shady! And regarding selling the users information's, there is a high possibility they might do what you are assuming!

[Gurujebs]

Actually I never expected that for Pi-coin point there will be an positive impact on the  crypto market. 
And what I expected is that the price of Pi-coin will start dumping very soon and that is what happened and we have already seen a huge drop in the market even Bitcoin has dumped over 10% in 24 hours. And if we look at Pi-coin this week it has dropped over 18% I think this percentage will be higher in the next few days.
So at least now there is no chance of thinking about anything positive on Picoin

They have been in the crypto markey for good solid 8 years and no impact or anything. Many started with them and were later forgotten only to pop up with mainet and nobody has even talk about their uniqueness, what people are been interested in is just their coins and how they can sell and make money, is that the impact we expect.

They tried with the growth and were able to carry everyone along, they paid pioneers that were with them atleast people who still have access to there seed phrase and private keys enjoy good amount of money that were migrated, that's the only benefit of PI since their mainet launch.

[|MINER|]

They have been in the crypto markey for good solid 8 years and no impact or anything. Many started with them and were later forgotten only to pop up with mainet and nobody has even talk about their uniqueness, what people are been interested in is just their coins and how they can sell and make money, is that the impact we expect.

They tried with the growth and were able to carry everyone along, they paid pioneers that were with them atleast people who still have access to there seed phrase and private keys enjoy good amount of money that were migrated, that's the only benefit of PI since their mainet launch.

Have they actually been in the real market for the last eight years? As far as I know they were only running their mining app, I mean their testnet, and they entered the real market on February 20, 2025, and in just a few months they have already been dropping in the market in a big way. I can't call the eight years they were here solid.

And I don't think they will be able to do anything good with their mainnet in the future, as I already said, there is no uniqueness in their project that will attract projects.

[Gurujebs]

Have they actually been in the real market for the last eight years? As far as I know they were only running their mining app, I mean their testnet, and they entered the real market on February 20, 2025, and in just a few months they have already been dropping in the market in a big way. I can't call the eight years they were here solid.

And I don't think they will be able to do anything good with their mainnet in the future, as I already said, there is no uniqueness in their project that will attract projects.

PI idea was first introduced back in late 2017, that was when the whole thing started, the flame will grow sometimes and the other time forgotten. They post once in a while and then when the market is bad, they go hidden. In the last bull run, they showed up looking serious and when the bear market came, they went hidden before coming  for this bull run now.

The only thing that was holding back that coin is because many of them are voluntarily trying to see it get listed on Binance. Other big exchanges has vow not to list them because some government says alot of bad thing about PI coin and they don't want to be involved in any sue later especially Bybit exchange.

[LogitechMouse]

They have been in the crypto markey for good solid 8 years and no impact or anything. Many started with them and were later forgotten only to pop up with mainet and nobody has even talk about their uniqueness, what people are been interested in is just their coins and how they can sell and make money, is that the impact we expect.
---

Have they actually been in the real market for the last eight years? As far as I know they were only running their mining app, I mean their testnet, and they entered the real market on February 20, 2025, and in just a few months they have already been dropping in the market in a big way. I can't call the eight years they were here solid.

And I don't think they will be able to do anything good with their mainnet in the future, as I already said, there is no uniqueness in their project that will attract projects.

I can't remember when the project started developing, but the mining of their tokens lasted for years, and while many made money from that airdrop, many are still skeptical about the project. I mean the development takes a lot of time, and there isn't any improvement or new features about the project. Cardano on the other hand takes a long time to develop something on their project, but this is way longer.

No uniqueness in the project, but the community is huge. The problem though is that most of them are delusional, don't have any knowledge about crypto in general, and just joined because they saw that there's an opportunity for them to make money. For me, I don't consider it as a "legit" community. I mean comparing to the likes of Ethereum, or Ripple that has a community composed of intelligent and loyal supports, the community around PI are only loyal, but not intelligent. Sorry for the words.

[Vx1]

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.

What exactly do you mean by "the community is no longer respectful"? People who "mined" Pi network probably know it has some red flags and shadiness, so it's not surprising they would sell all Pi network they own as soon as possible.

They are Pi miners, initially they hoped that the price of Pi Network could be higher than what is currently on the market. They are disappointed, and it seems like they no longer care about Pi. There is no more support for the progress of this project, all there is is they are insulting each other.

[gunhell16]

Have they actually been in the real market for the last eight years? As far as I know they were only running their mining app, I mean their testnet, and they entered the real market on February 20, 2025, and in just a few months they have already been dropping in the market in a big way. I can't call the eight years they were here solid.

And I don't think they will be able to do anything good with their mainnet in the future, as I already said, there is no uniqueness in their project that will attract projects.

PI idea was first introduced back in late 2017, that was when the whole thing started, the flame will grow sometimes and the other time forgotten. They post once in a while and then when the market is bad, they go hidden. In the last bull run, they showed up looking serious and when the bear market came, they went hidden before coming  for this bull run now.

The only thing that was holding back that coin is because many of them are voluntarily trying to see it get listed on Binance. Other big exchanges has vow not to list them because some government says alot of bad thing about PI coin and they don't want to be involved in any sue later especially Bybit exchange.

That's one of the reasons why I don't have any interest in Pi, they will make noise and give updates when the trend is in a bull run, because they know that many crypto communities are a bit hyped during this season.

Then during the bear market season, Pi's silence when it comes to the development or update of their coin itself is deafening. In this style, they just show that they are just following the hype in the communities so that they can easily get their intentions from investors here in the crypto space.

[Lucius]

~snip~
Yeah some Ph.D. holders or whatever with no clear team members! Nobody knows nothing!
I second your thought on this. I highly suspect these guys might be involved with somethings shady! And regarding selling the users information's, there is a high possibility they might do what you are assuming!

You know, I accidentally found out about this when I was with a group of friends and acquaintances who were comparing something on their smartphones and when I asked what it was about, they told me they were mining some kind of coin. Since I know you can't mine anything with such a weak device, I got a little more interested and then found out what exactly they do.

It seems that some people managed to "mine" a large amount of this token, but then again, they gave their information to who knows who, and I don't think it's worth the money.

Regarding KYC, was it about sending photocopies of personal documents or?

[DYING_S0UL]

~snip~
Yeah some Ph.D. holders or whatever with no clear team members! Nobody knows nothing!
I second your thought on this. I highly suspect these guys might be involved with somethings shady! And regarding selling the users information's, there is a high possibility they might do what you are assuming!

You know, I accidentally found out about this when I was with a group of friends and acquaintances who were comparing something on their smartphones and when I asked what it was about, they told me they were mining some kind of coin. Since I know you can't mine anything with such a weak device, I got a little more interested and then found out what exactly they do.

It seems that some people managed to "mine" a large amount of this token, but then again, they gave their information to who knows who, and I don't think it's worth the money.

Regarding KYC, was it about sending photocopies of personal documents or?

It is only labeled as mining but in reality it isn't, it doesn't require rocket science degree to understand that, even a child would know it is not possible to mine in an mobile device.

Regarding KYC, you have to send in your either passport, or driving license, or national identification documents front and back image! Also you have to do the liveness check and not  only once but multiple time!

[|MINER|]

That's one of the reasons why I don't have any interest in Pi, they will make noise and give updates when the trend is in a bull run, because they know that many crypto communities are a bit hyped during this season.

Then during the bear market season, Pi's silence when it comes to the development or update of their coin itself is deafening. In this style, they just show that they are just following the hype in the communities so that they can easily get their intentions from investors here in the crypto space.

Moreover, I want to give another warning to those who want to invest in Pi-coin or are already holding Pi-coin.
Because on April 18, Pi-coin will release another 10 million pi tokens. I am sure this will definitely increase inflation in the market and Pi may even drop below 0.10.
And at the same time, this trend will continue in the future as well, which means that if we hold on to the losses we are currently bearing, we will have to bear even more losses in the future.

[ABCbits]

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.

What exactly do you mean by "the community is no longer respectful"? People who "mined" Pi network probably know it has some red flags and shadiness, so it's not surprising they would sell all Pi network they own as soon as possible.

They are Pi miners, initially they hoped that the price of Pi Network could be higher than what is currently on the market. They are disappointed, and it seems like they no longer care about Pi. There is no more support for the progress of this project, all there is is they are insulting each other.

I see, although i doubt majority Pi "miners" used to truly care about Pi Network.

--snip--
Regarding KYC, you have to send in your either passport, or driving license, or national deification documents front and back image! Also you have to do the liveness check and not  only once but multiple time!

And if you visit Pi Network subreddit, some people says the KYC verification could take between few minutes into few years.