Can Pi Network help the crypto market recover from difficulties?

[DYING_S0UL]

In that case, it seems that in addition to making money through advertisements (in the app), they also obviously collect personal data, which they then probably sell to anyone who is interested. No matter how you look at the whole operation, you can't escape the impression that there is everything else there except honest intentions.

Good thing you mentioned about the advertisements which I almost forgot! Lol, I mean how many red flags a project needs to show before everyone realizes their intentions! Just imagine, how much they have earned through ads, I suppose a huge amount considering their active user base/community!
~snip~

Well, the whole thing has to make sense (be profitable) to survive this long, and if it didn't, it would have fallen into oblivion long ago. In addition, the model is such that it uses what most people have today (a smartphone) and a referral system that encourages all those who have the app to recommend it to a family member, work colleague or acquaintance. The very possibility of getting something for nothing convinced many to try, and apparently they are still trying today.

However, people don't realize that sending personal documents everywhere has never been and will never be a sensible decision - because even if the owners of this project somehow don't have bad intentions, someone can always hack them and steal all that data.

Have you realized we are still talking about this project despite having so many red flags? We are already on page 10, Lol... I guess these guys made some extraterrestrial marketing for the project, which is why people still gossip about it! What I have observed is that most of the projects dies out after showing showing many red flags! But these guys didn't!

If it online, then it's hackable! And the most funny thing is that our (dunno the expression), National Identification Document (NID) servers were hacked!  So it's quite possible that my documents might already be one the dark side!

[sampoerna]

Pi netowkr does have a lot of communities, it's just that, after its ATH has been achieved and now its price is actually dropping, I personally am increasingly unsure about the future of this coin. It's quite difficult for a coin that has reached ATH quickly and has fallen too deep. Even up to -80 percent, will it be able to rise again and achieve a much bigger number? Maybe that will happen if there are more investors and also the future of this coin.

I highly doubt its ability to regain a proper value because the project seems like a dying cause. It had or has a very large community because they have made them mine tokens or coins for years and it's still going on. Still, most of those who had their coins released have already sold and exit the market which is evident by the price of the coin. Now, none of those who were initially involved with the project are trading it because they were only associated with the project for the freebies that they've got.

Apart from that, millions of coins are still locked and they will unlock over time based on how much time users' have chosen when locking their coins, the actual value of the coin can only be determined once the total supply is in circulation, and then we can see if people are actually investing or trading it or no one is interested.

Exactly, it is quite doubtful if this coin can be that high again or even start like Bitcoin which is very trusted and in the end investing in certain coins will greatly affect the future of the coin. and how these altcoins can survive or not will depend on several things. and the possibility of this new coin from Pi netework can really be in accordance with expectations is if we don't mess it up. because after all, the more investors panic, the worse their image will be which will cause the price to plummet.

[albon]

No, but the crypto market can be changed by new institutional investors buying and storing bitcoin. So I think bitcoin alone can change the entire crypto market. I got the hype of pi network from x where the selling population is higher than buying. As with any emerging technology in crypto thorough research is essential before making an investment decision. While the Pi Network is built on a strong community driven foundation, its long term impact and adoption remains to be seen. It has been in the market for quite some time, but it is not having any impact on the market.

[Lucius]

Have you realized we are still talking about this project despite having so many red flags? We are already on page 10, Lol... I guess these guys made some extraterrestrial marketing for the project, which is why people still gossip about it! What I have observed is that most of the projects dies out after showing showing many red flags! But these guys didn't!

It is not so important that we are on page 11 of the topic, but that we somehow try to clarify some things that can help others make the right decision when it comes to their decision to start "mining" this token, or to decide on KYC in order to sell it.

I've already written that I don't think it's about marketing, but about the fact that the opportunity to earn something without any initial investment has promoted itself virally. I've been in all this for over 10 years, but I found out about this quite by accident in the company of people I didn't even know had anything to do with cryptocurrencies.

If it online, then it's hackable! And the most funny thing is that our (dunno the expression), National Identification Document (NID) servers were hacked!  So it's quite possible that my documents might already be one the dark side!

That's very bad, but I think that such things happen a lot more than the authorities want to admit. I try not to do KYC unless absolutely necessary, I pay attention to online security as much as possible, but it's impossible to remain completely insulated from any data leaks.

I hope that somewhere in some faraway country there isn't someone very bad and evil who uses my personal information for bad things and that because of that one day people in black won't knock on my door.

[Alone055]

No, but the crypto market can be changed by new institutional investors buying and storing bitcoin. So I think bitcoin alone can change the entire crypto market. I got the hype of pi network from x where the selling population is higher than buying. As with any emerging technology in crypto thorough research is essential before making an investment decision. While the Pi Network is built on a strong community driven foundation, its long term impact and adoption remains to be seen. It has been in the market for quite some time, but it is not having any impact on the market.

PI is nothing more than a normal altcoin that we often see entering the market. The hype was mostly because the project has been around for years, making its participants mine the coin using their mobile phones and inviting others to do the same. Then they took years to ask for KYC verifications from their users and make their referrals do the same, and finally, after so much time, they announced they are getting the coin listed, so the hype was expected.

Talking about updates, the price of the coin actually went up a bit after the recent surge in the market. It was below $0.50 if I remember correctly, and it's currently trading above $0.70, so it's a surge that might make a few people happy, those people who are still holding onto their coins and hoping to get a better price to sell them.

[DYING_S0UL]

No, but the crypto market can be changed by new institutional investors buying and storing bitcoin. So I think bitcoin alone can change the entire crypto market. I got the hype of pi network from x where the selling population is higher than buying. As with any emerging technology in crypto thorough research is essential before making an investment decision. While the Pi Network is built on a strong community driven foundation, its long term impact and adoption remains to be seen. It has been in the market for quite some time, but it is not having any impact on the market.

PI is nothing more than a normal altcoin that we often see entering the market. The hype was mostly because the project has been around for years, making its participants mine the coin using their mobile phones and inviting others to do the same. Then they took years to ask for KYC verifications from their users and make their referrals do the same, and finally, after so much time, they announced they are getting the coin listed, so the hype was expected.

Talking about updates, the price of the coin actually went up a bit after the recent surge in the market. It was below $0.50 if I remember correctly, and it's currently trading above $0.70, so it's a surge that might make a few people happy, those people who are still holding onto their coins and hoping to get a better price to sell them.

People are struggling to pass the KYC verification, forget about passing, just getting a chance to even do the KYC is harder nowadays! And you are talking about holding the coins! LOL. I haven't come across any old users who have actually passed the KYC verification, including me...

Anyway, I just hope the hype keeps going until I pass and migrate to the mainnet so that my 3–4 years of mining, again aka labeled as mining, sees some hope in it...

[Mr. Magkaisa]

No, but the crypto market can be changed by new institutional investors buying and storing bitcoin. So I think bitcoin alone can change the entire crypto market. I got the hype of pi network from x where the selling population is higher than buying. As with any emerging technology in crypto thorough research is essential before making an investment decision. While the Pi Network is built on a strong community driven foundation, its long term impact and adoption remains to be seen. It has been in the market for quite some time, but it is not having any impact on the market.

PI is nothing more than a normal altcoin that we often see entering the market. The hype was mostly because the project has been around for years, making its participants mine the coin using their mobile phones and inviting others to do the same. Then they took years to ask for KYC verifications from their users and make their referrals do the same, and finally, after so much time, they announced they are getting the coin listed, so the hype was expected.

Talking about updates, the price of the coin actually went up a bit after the recent surge in the market. It was below $0.50 if I remember correctly, and it's currently trading above $0.70, so it's a surge that might make a few people happy, those people who are still holding onto their coins and hoping to get a better price to sell them.

         -     Yes, it is no different from other altcoins that are just there in the crypto space where it is up to traders if they want to buy or take a risk on Pi, it seems like Lunc even though there was a scandal, lunc still remained in the crypto market, so it seems like pi is just like normal or typical altcoins.

Which is possible to move through a pump and dump strategy that others will think that it is going up but in reality it is only temporary, right? It seems like that.

[Alone055]

People are struggling to pass the KYC verification, forget about passing, just getting a chance to even do the KYC is harder nowadays! And you are talking about holding the coins! LOL. I haven't come across any old users who have actually passed the KYC verification, including me...

Anyway, I just hope the hype keeps going until I pass and migrate to the mainnet so that my 3–4 years of mining, again aka labeled as mining, sees some hope in it...

I hope that you get to do it and manage to migrate, but I thought they would stop accepting KYC applications after one point. Didn't they close it yet? And why didn't you do it earlier? People were doing KYC for more than a year, and they were allowing most of them. I heard some people say that they had to check constantly to see if they were allowing them to submit their application because there was probably a lot of load on their servers since millions of people were doing it.

Besides, I was talking about users who already managed to do KYC, migrate, and have their coins unlocked. I know that a lot of people haven't done KYC, and a lot of those who did KYC and also got migrated but have their coins locked because they had chosen to stake their coins for a higher mining speed and now they are regretting it since they have missed the $3 price.

[DYING_S0UL]

I hope that you get to do it and manage to migrate, but I thought they would stop accepting KYC applications after one point. Didn't they close it yet? And why didn't you do it earlier? People were doing KYC for more than a year, and they were allowing most of them. I heard some people say that they had to check constantly to see if they were allowing them to submit their application because there was probably a lot of load on their servers since millions of people were doing it.

They actually did, but as far as I remember they extended the grace period. Btw, I had submitted my KYC application weeks ago, way before everything started. It's been almost +- 3 months or so. Unfortunately the application is still pending. Don't know whether I would pass the KYC in the lifetime or not! Lol, fingers crossed at this point!

I have mine staked/locked for six months!

[JISAN]

I hope that you get to do it and manage to migrate, but I thought they would stop accepting KYC applications after one point. Didn't they close it yet? And why didn't you do it earlier? People were doing KYC for more than a year, and they were allowing most of them. I heard some people say that they had to check constantly to see if they were allowing them to submit their application because there was probably a lot of load on their servers since millions of people were doing it.

They actually did, but as far as I remember they extended the grace period. Btw, I had submitted my KYC application weeks ago, way before everything started. It's been almost +- 3 months or so. Unfortunately the application is still pending. Don't know whether I would pass the KYC in the lifetime or not! Lol, fingers crossed at this point!

I have mine staked/locked for six months!

It takes a long time for the tokens mined from pi to be transferable after completing kyc and may not be something everyone has the patience to do. I have been watching this project for a few years but have no experience using it. I only see in various groups that they are mining it and despite submitting their KYC, it takes a long time to meet various criteria. Seeing this discourages me which is why I have no experience working on it. However, from what I have seen, there is nothing much to be gained by mining it now. It will just be a waste of time

[DYING_S0UL]

It takes a long time for the tokens mined from pi to be transferable after completing kyc and may not be something everyone has the patience to do. I have been watching this project for a few years but have no experience using it. I only see in various groups that they are mining it and despite submitting their KYC, it takes a long time to meet various criteria. Seeing this discourages me which is why I have no experience working on it. However, from what I have seen, there is nothing much to be gained by mining it now. It will just be a waste of time

These are just lame excuses man (red flags)!!! Have you seen any projects any platforms where it takes this much time for the tokens to migrate? Lets not forget it's been running for 5 years, so it's not something new, nor not in it's early state! Also the same applies for KYC! By the looks of the their team members consists of 10 people and they are manually checking one by one KYC documents everyday! Even offline police verification in our country doesn't take this long. Where it is a matter of days, they are taking years! It's good that you avoided this project. Btw it's not mining, mining isn't possible here. They just keep the activity, something like the school attendance system!

[zagreus]

They actually did, but as far as I remember they extended the grace period. Btw, I had submitted my KYC application weeks ago, way before everything started. It's been almost +- 3 months or so. Unfortunately the application is still pending. Don't know whether I would pass the KYC in the lifetime or not! Lol, fingers crossed at this point!

I have mine staked/locked for six months!

Let's hope they will get more people to work onto the applications or think of an algorithm to do so

Otherwise, it's a dead train for many out there.

[KryptoBull]

It takes a long time for the tokens mined from pi to be transferable after completing kyc and may not be something everyone has the patience to do. I have been watching this project for a few years but have no experience using it. I only see in various groups that they are mining it and despite submitting their KYC, it takes a long time to meet various criteria. Seeing this discourages me which is why I have no experience working on it. However, from what I have seen, there is nothing much to be gained by mining it now. It will just be a waste of time

For those who have completed KYC, mined free PI, and have been able to transfer PI to CEXs, I congratulate them on their success! However, right now, I wouldn't encourage my friends to continue mining PI, because those efforts aren't worthwhile.

If they believe in PI's potential and value, they can easily buy PI at a very cheap price, under 1 USD, and focus on working to earn money from legitimate jobs. Opportunities exist for every token in the market, including PI, but our capital is limited, and we should choose safer tokens, for example BTC and ETH, to allocate capital wisely.

[DYING_S0UL]

It takes a long time for the tokens mined from pi to be transferable after completing kyc and may not be something everyone has the patience to do. I have been watching this project for a few years but have no experience using it. I only see in various groups that they are mining it and despite submitting their KYC, it takes a long time to meet various criteria. Seeing this discourages me which is why I have no experience working on it. However, from what I have seen, there is nothing much to be gained by mining it now. It will just be a waste of time

For those who have completed KYC, mined free PI, and have been able to transfer PI to CEXs, I congratulate them on their success! However, right now, I wouldn't encourage my friends to continue mining PI, because those efforts aren't worthwhile.

If they believe in PI's potential and value, they can easily buy PI at a very cheap price, under 1 USD, and focus on working to earn money from legitimate jobs. Opportunities exist for every token in the market, including PI, but our capital is limited, and we should choose safer tokens, for example BTC and ETH, to allocate capital wisely.

I used to mine it literally every single days! But nowadays I rarely click on mining or visiting their app that frequently, even though I get notifications every day that the 24 hour mining session is up! Tbh, it doesn't interest me anymore! I'm just waiting for my KYC to be accepted (already submitted but pending), and migrate to mainnet. After that happens I'll dump everything regardless the price. Whether it's 50 cents or 20 cents or 10 cents per token, i don't care! I have currently 600 token which should be more than enough to squeeze a I don't know maybe a hundred, to make me happy. At least I won't be going empty handed after this long 5 years (making jokes and being sarcastic, lol  ).

[LogitechMouse]

I hope that you get to do it and manage to migrate, but I thought they would stop accepting KYC applications after one point. Didn't they close it yet? And why didn't you do it earlier? People were doing KYC for more than a year, and they were allowing most of them. I heard some people say that they had to check constantly to see if they were allowing them to submit their application because there was probably a lot of load on their servers since millions of people were doing it.

They actually did, but as far as I remember they extended the grace period. Btw, I had submitted my KYC application weeks ago, way before everything started. It's been almost +- 3 months or so. Unfortunately the application is still pending. Don't know whether I would pass the KYC in the lifetime or not! Lol, fingers crossed at this point!

I have mine staked/locked for six months!

Correct me on this one, but I think the last day of submitting the KYC is March 14th. I don't know if they will re-open it again in the future.

Anyway I wonder how many weeks already since you submitted your KYC because it only took me 2 weeks for me to complete my KYC, and around 2-3 weeks again before my tokens will be deposited to my wallet. Well, if you don't have that much PI tokens then don't think too much about it. At the end of the day, there's nothing that you can do but to wait just like many are doing.

As for submitting KYC, there are some who are complaining about it as well because of how slow it is to be accepted. As for tokens being locked, I put mine to the lowest one because I want to withdraw the maximum amount of PI tokens as possible. No need to stake or lock an overvalued token like PI IMO.