With all these hypes, I believe that your coin will only be valued based on its performance in the market, and with so many miners already minted tons of Pi coins from their mobile phones, this makes the total coins in the hands of bounty hunters to be huge, this pause a high risk to the potential value of the coin when it eventually gets listed on those exchanges.
The so long awaited Pi launching is around the corner and I wonder how much it will be when the price listing is out in exchanges, because a lot of big talk from Pi project on how valuable the coin will be when listed. However, it might not be different from Hamster and the rest who disappointed their airdrop participants.
It finally listed few hours ago at $3 but sitting at $1.6 currently and most Pi miners at excited just as I expected because most of them already accumulated lots of points but I’ll take advantage of the Bitget candy bomb event to get rewards in Pi. It’s better to do this now before the hype die down.
It's now listed on bitget and as usual from 3.3$ the whales and developers immediately dump of course, it's a rugpull, I'll just wait for it to drop to 0.001$ hehe... then those who have been mining it on mobile phones for a few years won't all be distributed to them because they're still locking it.
Because I saw someone whose pi was at 1500 in their balance but the only thing that was distributed was probably only 200 and they haven't transferred it to bitget yet, of course before they can sell the price will have dropped for sure. So it's likely another rugpull moment will happen now.
In my opinion that wasn’t a rugpull, it’s expected of every project to reduce in price within the first few hours of launching after which the price will adjust. If you look at the chart, it’s currently sitting above $1.5 which is still profitable for those that bought the dip. A professional trader would never have thought to buy it when it listed, FOMO caused a lot to buy immediately after listing…..which resulted in liquidation.
PI listing in less than 48hrs. Here's some exchange with their offers.
Like you said that PI always has controversy at the beginning and here in Indonesia old people have social gatherings about it dreaming about buying a new car and new house when pi is listing, when PI launch in IOU program the price is staggering at 100 USD more but after the final that pi itself has 500B of supply I don't think gonna hit even 50 USD.
The HYPE is real but I do believe that some people are disappointed right now when the real price is here
Some people are unbelievable….because how can they expect $50 talk less of $100. People should start being realistic….even though its sitting at $1.5 right now, the highest i think it can reach is $7 maybe by the end of the year or next year.
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