Bitcoin Forum

I have around 21Pi coin im mining ot my phone.
My question is is.thst real and actually can make some Weekly cash?
i camt recive them bc of KYC proof or sum. but everyone says that they cant get the coins.
Anyone got some idea

Actually, you can trade PI Coin with other people who are interested in buying it, but first your account must be verified (KYC) so you can send and receive the coin. I think you will get a notification e-mail from Picoin if your account is eligible for the KYC or if you must be a pioneer to access the KYC. If you're looking for a legit buyer, it's better to mine and wait for the official release of the mainnet. I would like to know for those people who mine Picoin when the official release of the mainnet?

Maybe the ideal thing you can do with your balance is to deal with people got interest to buy more PI. Since I think from that way you can earn some by mining those coin. But also try to do some research about this coin since this is long time mined by people but they never exchange it yet on any real crypto exchange. If you plan to buy some of it to hold then do your own diligence to find reliable information so that you will not caught by wrong expectation for acquiring this.

I've heard of coin pi from my friends, they dare to say coin pi can rival the price of bitcoin, even coin pi is even more expensive than bitcoin. I was curious and I tried to dig up information about coin pi. After I learned, it turns out that coin pi was raised by their community makes news in hopes of boosting the pi coin price during the mainnet later but the creator of the pi coin nikolas doesn't brag about the pi price they are more focused on the development of pi and nikolas doesn't announce the price of the pi coin.

This one booming with over 3 years.

They told can withdraw the coin, however there has some limit who are can withdraw. Not everyone can, and this one are a little bit cricket because I think how these scheme going are like for marketing only.

Until now many people can't withdraw, it's one of coin should be avoid.

I've been hearing about Pi for years and how much these coins are worth, to be honest. All they do is just hype. Now if you want the Pi that you have now to become money, transact with Pi holders who believe in it for sure that it will become money. But if you hope to be listed here in the crypto space, all I can tell you is don't get high or even if the crow turns white, it can't never be happen for sure.

I don't want to discourage you but they've been telling you that it's gonna be on exchanges, they'll have their own exchange and everyone will profit from it. And it's not just a year or two but ever since it has existed, they've been telling those promises.
Now, I think that this KYC procedure is just gonna benefit them, the developers and not those who are mining them and there could be more and something else beyond that.

I see them emphasize that they can overcome the problems of the cryptocurrency market, such as difficult mining, energy consumption, risky investment and many people missed the revolution of the former cryptocurrency network. However, Pi does not disclose the core technology or hide the source code. This goes against blockchain, every crypto project must follow the principle of transparency. Even Bitcoin, ETH must publicize the source code to show decentralization, but Pi does not.

Lol! Pi coin is an utter joke! It's a potential KYC scam. Don't ever send your KYC details to them if you suddenly don't want to find out that it is being sold in the black market. Please try to understand one rationale - If you can mine a coin for free from your mobile phone, why would someone buy it from you? Rather they will mine it in the same way. Isn't it? I have a huge amount of Pi coin with me and I am willing to sell them at $1 each, will you buy them?

Don't trust random coins without any merit. When something is too easy to do, there has to be a catch. In this case, KYC is the catch and no one really knows what they are going to do with your KYC data. So it will be great if you can delete that app from your mobile phone.

I was mining this coin early but lost interest in it, I have a feeling it is a social experiment on human behaviour, some people expect this is going to make them rich which won't be the case if the team decided to launch the tokens to trade on exchanges, Billions if not Trillions of these tokens are in circulation, so for it to launch at $1, will make it more valuable than Bitcoin which for now I doubt.

Just like others have said before. The pi is probably best to join with people who really like that kind of thing to be traded or really want to make it your money because it's not really something that will be profitable if it's not with people who are interested with that.
To be honest, if you are an old person, of course I will speak a little more harshly, but looking at your account, even if you are a beginner, I don't know if you have been around for a long time or have not been involved in something like this, but I will assume you are new, so I will try to be more subtle.
Until now, Pi has never been something to be proud of because while I was here and there was discussion about Pi before, the promise remained the same but there would be no changes in any way and for me personally Pi is unacceptable and maybe this will also be the choice of most who are in this forum but that doesn't mean it isn't valuable. it's valuable to you and the Pi community out there.

I also have this coin and i get it by mining on the pi apps which i downloaded long time ago, i know this coin because my friend sent me an invitation link to download and joined in mining, i am still not doing kyc because it is locked maybe in the near future it will be open again so i am still waiting for it, and also waiting for the future developments of the coin because my friend say it is a good coin he is not an expert but he knows more about crypto than me, all i can say is that wait many people start buying it even if it is not yet listed on crypto exchanges it means many people expect big in this coin.

I also thought this project has long been dead already.
They have issues with kyc thing and it seems that their developments never really materialize.
People should forget this project and move on. There are better ones where you don't need to disclose your private details.
We have no idea what they are doing with your KYC details. Much better to look for other worthwhile projects out there.
Ask yourself, what are the known utilities of Pi today? About their promise of providing such utilities to its holders.

I knew a lot of friends who mined Pi coin with their mobile phone  hoping to cash out when it get listed in an exchange, these guys had so much believe that Picoin is going to be well accepted like Bitcoin because of it widespread hype particularly among people who don't know how crypto work ( Blockchain technology), I read fake stories of some people who bought cars with Picoin and posted it on the internet purposely to boost the morale of Picoin holders globally personally I knew that all those stories are fake unfortunately no amount of persuasion would stop those guys from mining it.

Pi was launched if I remember back in 2018, but until now they are not yet in the market they have a lot of empty promises to their holders, the riskiest part of mining and being part of this project is the KYC side, you'll have to undergo rigid KYC or verification before you can claim token that you've mined in your cellphone.
They have millions of members imagine the huge numbers of verified accounts that they are holding and yet their token is still considered shitcoin, this is the longest-running shitcoin industry that hasn't gotten in the market.

None will give you easy money. This coin is a scam coins that was fooling its users to keep mining the scam coin while the developers of pi were always earning regularly from the ads. Don't be so stupid to waste your phone and electricity to mine the garbage coin like this.
It will never give you easy money. There will be a consequence for you to mint the garbage coin like this. You may also face your phone to be broken with the goes of time.

Yes, It remains to be seen if the Pi will live up to its promises and become a valuable asset in the crypto market note the progress has been very slow especially when it comes to KYC applications although the extensive KYC process is designed to prevent fraud and ensure adherence to features but this could be a hurdle for some users .

It's unlikely that mining Pi on your phone will result in real weekly cash since you're unable to receive the coins due to KYC issues.

In the bitcointalk project, there are also those who ask for KYC because it has just been distributed. If you have successfully done KYC for those who haven't done KYC, the tokens won't be distributed to wallets, so maybe PI is also doing this one miner can't do multiple accounts so to anticipate this project PI requires miners to KYC.

That's probably the case since they didn't let the users know about any of these things initially and then all of a sudden they came out with some rules that were nowhere to be seen when they started the project and free mining app. All of this was done deliberately for free promotion since users were inviting others to get more tokens and they gathered millions of users with this technique alone.

Now after all those years, they are asking users for KYC, imposing some rules about how many tokens will migrate to the main net and whatever, I find all that amusing and funny, and some people actually believe in the project.

I've been reading a few articles about Coin PI in the last few days. And I have seen that Pi Coin is a good project and I suggest you to do long term holding. If that works then by the end of 2023 the Pi Coin price will hit around $55. But that's my personal opinion and don't use it as your reference in deciding about Pi Coin because every project that is currently on hype has its own challenges to stay up or even go down.

this is an old project which was very popular at that time (many said that Pi will replace ETH), but until now Pi cannot be traded and has no price yet, so if you want to earn money from Pi, then you have to do p2p (looking for people who want to buy your Pi), but if I'm not mistaken you also have to do KYC first, so you can transfer your Pi.

At the present, if I'm not mistaken, Pi still has no value. And I really doubt that it will have a huge price even in the future given its accessibility; being mined easily. We all know what happens if there is a large token supply for a certain coin; demand would be low as well as its price. This is evident with play to earn games which has a free-farm feature.How come it is a good project if it has a large token supply and no utility? And as I have mentioned, easily being farmed. May I know what is your basis with $55 as its potential market price then? I'm a bit curious because i cannot really see it coming for this project.

Oh my God, this coin is still in existence?
Stay away from this coin that's what my statement is at this time or may be since the day I saw "KYC leaks" from the pi coin. There was on picture that was posted on this forum itself where we could see bunch of KYC docs and there photos being leaked. KYC is one thing everyone must take it very seriously.

If the company which is asking you for the KYC is popular enough and has built up more than enough reputation then obviously one can have some faith in the KYC submission, yet the heartbeats are off the roof always.

So tell, is it worth it to submit KYC's to the company which has been mining over the phone (ridiculous), since 3-4 years now and yet no one can withdraw or exchange it easily? The company that has been in the negative talks always. I doubt it.

This coin has wasted a lot of people's time, I remember when I first came across this project, the noise was so high, some people said that it was designed to end poverty by some billionaires after several years it has not yet launched. The issue I have with this coin is KYC, why do they need your data, what do they want to use it for? I don't think it worth it to give out your information to these people free of charge, maybe when the coin launch and it trades at a good price it may be worth it to do the KYC because the reward worth the risk

Actually, don't give KYC even though the coin can be traded, but you won't be able to withdraw pi coins if you don't complete KYC, so there is no other choice. Make sure the price of the coin is higher so you can provide KYC and if the price is low then ignore the coin because I have predicted it's just a hype coin and the coin is not worth investing in.

They just hyped it until now and also my friends are holing this coin for a long and too bad it's their first coin to have in the crypto industry, they don't believe it when I tell them about its probability of being just a scam because their minds already fed up with lies and hypes from the people who promoted it. But since they are not investing with their money, they have nothing to lose and when all of these hypes will end, they will learn their lesson and probably will gonna be more cautious next time. I wonder what would gonna happen for those who bought it from P2P if this will end up worthless in the future.

To me it just seems harvesting of data — from registration (phone number) to mining (I'm not sure what exactly but constant running in background must be doing something) to trying to withdraw (kyc).

There are people who have their kyc (https://twitter.com/NRMEU44284016/status/1636013139153018883) is in review for 1 freakin year.

Regarding the PI coin there is too much speculation which is exaggerated on, if you want to know some government officials in my area offer their referrals by saying that we will be rich with that PI, the mining that they are doing to this day they cannot sell and only assume for the last 2 years.
Yes, this coin can only be traded to those who want to buy it from people you know, and to this day there is no open trading market for this PI coin.
I agree that what the PI developer is not clear on and they have to do it themselves, for those who already have a PI or are currently mining, I only advise you not to expect too much about this coin so you don't get disappointed if it doesn't turn out as expected.

I don't have any experience with Pi Coin, but it had been mentioned in many discussion if it's impossible to mine coin through your phone. The chipset on your phone aren't determine the speed to mine Pi Coin, the project just like creating a fake random generator in order to convince people if their phone are really can be used to mine coin.

Now it's your choice if you want trade your KYC with those coins, my advice is you shouldn't because your KYC can be used for illegal use.

And this coin price never increase when it was listed on the centralized exchange, this mean it will slowly to continue to become a worthless coin.

Lol, that must be a joke, a newly launched project that has no visible team, and no usability, all it has is a mobile application that allows mining of the token that comes out of nowhere, and people used to think it will replace ETH which is the second largest cryptocurrency after Bitcoin and the most popular altcoin in the crypto universe.

Pi has reached nowhere nor it will since it is a project with no meaning at all. What does Pi do? What does it offer to the community? Why are they simply not letting their users who have been mining tokens for years simply withdraw them?

My friend is also involve in this mining app and he  has almost 1200 PI token. He has completed the KYC of PI app, out of all these tokens, he receive 150 token in wallet from PI. Although PI is still awaited for launching in any exchange, so he is not eligible to by or trade in any .other trading pairs with these tokens. But it is come know from different sources that some peoples are buying and selling these token from back door channels on telegram ( But I don't think it is true or not). In the last quarter peoples buying these PI tokens on the rate of $0.25. In the future, what will happen, have no idea. It is better for you to hold it as possibe, in nearby if it launch, you will get more profit than now.

Has always been a joke project. While the meme coins are being taken care of these exchanges and listing them quickly, here goes this project reasoning out that they're still on development of an exchange. They don't really need an exchange because they'll never get there.
It's all promises that will be just vain in the end, sorry for those people that have been hoping will bag such money on this project.
But think of it slowly about the reality of this project that it's going nowhere because it's non existent and the devs have just collected all of your data, thanks to their KYC that's said to be reasonable but no other aim but just to collect all of your ids.

I doubt if you can do much with the pi you have mined so far without going through the kyc process, i have heard the kyc is available and everyone can get it done easily, why not try and do the kyc in other for you to be able to transact your pi.
Am not very sure about this, but i think you can only move your pi to the wallet after verification.