According to Bybit CEO, this PI token is a scam?

[fuguebtc]

PI surely is a scam. They are scamming people in different times in different level. They had announced exchange listing a few years back and even listed a fake PI token with fake trading at a high price. I looked for ways of withdrawing the coin at that time but they had none.

Do you have any concrete evidence or are you just making baseless accusations? I don't own PI and I'm not defending them but if we want to accuse someone of being a scammer we must have solid evidence, don't just hate them and make baseless accusations.

As far as I know, there have been some exchanges that automatically listed PI tokens on their platforms before, but the PI team also denied this information and they said that it is not the official PI token.

It's a good time to sell it if you are able to withdraw it to the exchange.

If you are not a financial expert or advisor, you should not give indiscriminate advice, especially on matters in which you have no experience. PI is currently trading at $2.7, if someone took your advice and sold them 2 days ago, they must be regretting it for losing a significant amount of profit  .

[AbuBhakar]

If you are not a financial expert or advisor, you should not give indiscriminate advice, especially on matters in which you have no experience. PI is currently trading at $2.7, if someone took your advice and sold them 2 days ago, they must be regretting it for losing a significant amount of profit  .

But few hours ago the price is at 2.9$ but right now it’s on 2.6$ level and decreasing. This token is high volatility which means you can even sell below 0.6$ level if you are not lucky enough to sell on time.

This token raised a red flag due to mandatory KYC to all their miners while other popular exchange doesn’t list this until now despite high demand from users hype.

You’re correct that we shouldn’t give financial advice but it’s not bad to give a warning if there’s a red flag on a project like what happened to Trump coin.

[kingvirtus09]

If you are not a financial expert or advisor, you should not give indiscriminate advice, especially on matters in which you have no experience. PI is currently trading at $2.7, if someone took your advice and sold them 2 days ago, they must be regretting it for losing a significant amount of profit  .

But few hours ago the price is at 2.9$ but right now it’s on 2.6$ level and decreasing. This token is high volatility which means you can even sell below 0.6$ level if you are not lucky enough to sell on time.

This token raised a red flag due to mandatory KYC to all their miners while other popular exchange doesn’t list this until now despite high demand from users hype.

You’re correct that we shouldn’t give financial advice but it’s not bad to give a warning if there’s a red flag on a project like what happened to Trump coin.

For now, all that will happen is a rally because the developer may not have reached his real target to take profit, but once he sees that, there will definitely be a gradual selling
here on pi so that the whales can take profit here.

And it is possible that this rally of Pi will happen while the price of bitcoin is in a downtrend in the market, but believe me, once bitcoin's price rallys, this Pi will be the signal for its dev to sell a large amount, and when that happens, it will be a pity for those who bought Pi at a high price and then suddenly it falls. So they are probably closed to Fomo is waving...

[TastyChillySauce00]

This project ask KYC before you can withdraw your tokens from their wallet that still subject for approval.

I’m not sure if everyone manage to withdraw their funds out of their wallet since most of the user that I know manage to sell via P2P rather than selling on exchange since the team KYC process on each wallet takes too long to approved.

The Bybit CEO claims might have a merit on it while those exchange that listed it especially Bitget usually doesn’t care whether the token is scam or not since it’s known for being a spammer.

seen some successfully got their KYC approved, and the others that didn't it's actually pretty abstract KYC verification if i'm being honest.
maybe it's a way for them to control the circulating supply as well because lets be honest, most of KYC verification system right now uses AI and only need few minutes if not second for verification, just seems odd.

so far though, I'm pretty impressed with the CEO, not listing randomly and even in the brink of biggest crypto hack he's not losing his temper.

[CTM_Marketing]

Many tokens has became scam because not all startups are able to realize all planned ideas. Also a lot depends on the team and on the market.

[Zanab247]

Friends nearly force me to invest in this pi token some weeks ago, and they show me what they have made so far and they are planning to invest big money so that the profit will be bigger in the future, but I told them I will think about it, and that is how I use to end the discussion. Even though I have money to buy tokens, it will not going to be all those new tokens in the market because they can deceive people to have hope that they will profit investors in the future than to disappoint.

I will forward this information to some of my uncle's and aunts to be aware of this pi token, and even though they have plan to invest money on pi token, with this Bybit CEO message to pi token investors will make them to change their minds immediately.

[CroverNo01]

PI surely is a scam. They are scamming people in different times in different level. They had announced exchange listing a few years back and even listed a fake PI token with fake trading at a high price. I looked for ways of withdrawing the coin at that time but they had none.
Now they have listed it again but has placed different hurdles to withdraw the coin. The coin being listed rose to a high of 1.8 and is now struggling around 1.5. It's a good time to sell it if you are able to withdraw it to the exchange.

What's the core responsibilities of the team behind Pl? I'm curious because after all these years, an airdrop mining project that was dormant have regain their stands in the market and already listed. What are the aides behind this project? There's more traffics of these rumors about PI been a legit project and also a scamming one, what trend do we tend to believe? I can't get my hands on the roadmap of PI token. It's been long overdue to be scam. For one day, I've never trust this particular PI project because it took much time and energy.

Another key element I tend to concord with the fact and odds of PI token been a scam is their KYC. They completely intentionally slow down this process, besides their customer's care doesn't respond and provide solutions of customer problems to resolve. I think I'm fed up with the whole saga surrounding PI project, diving into other crypto projects that are completely developing green candles in the market.