Therefore, a frequently asked question is whether Pi Network is a real cryptocurrency or if it is a scam. Although there are many supporters, I believe this is a scam for two main reasons. Cryptocurrencies are not legal tender in Vietnam and issuing, trading or using cryptocurrency for payment can be fined up to VND100 million. In addition, it is also impossible to conduct a full-fledged fundamental analysis. To predict the price of the Pi coin, it is important to consider the existing and future use cases of cryptocurrency, the number of people currently owning Pi coins, the engineering team behind it, the future potential of the Pi network, etc. In the case of Pi, there is no way to know all these facts. Well, yes. All they want is free money. Empty period. That is obvious. Just looking into the chat makes it painfully obvious that they have no idea about Pi or cryptocurrency in general.

The Pi cryptocurrency is an upcoming crypto initiative that claims to offer users all the benefits of Bitcoin (BTC) while avoiding its drawbacks. Prices are negotiated between the parties, as no value has yet been set for the cryptocurrency. The cryptocurrency said it did so to warn investors to “watch out for identity accounts” and spread the message that people should only trust Pi`s official sources of information. According to the white paper for the Pi network, the native cryptocurrency will not be introduced until Phase 3 of the project, when the main network of the Pi Network will be launched. The developers have not given any indication on a timeline. Keep in mind that cryptocurrency markets can be very volatile. Always do your due diligence before making an investment decision. What are the likely use cases of this decentralized cryptocurrency? Let`s look at 5 of the most obvious use cases of this new cryptocurrency. The Pi coin is an unlisted token that has been virtually worthless since October 21. As a result, there is no historical data on the performance of the Pi network, as the token has not yet been launched on cryptocurrency exchanges. Pi Network “strives to make cryptocurrency accessible worldwide,” according to Pi Coin`s founder and CTO, Nicolas Kokkalis. Pi has attracted a lot of interest in Vietnam because it claims to be a cryptocurrency that can be easily mined with smartphones, and the app, Pi Network, has been on the list of the most downloaded apps in the country several times.

I signed up for pi in the fall of 2019 after someone told me about it. I hit the button every day for almost a year and got more than a few people to sign up, but none of them stayed very long. In the white paper, they explain how Pi has to go through Testnet, where it has been for some time. Mainline data has changed too often. The estimated date is late 2021, but there are now 100 million pioneers. People mention how Bitcoin has taken a long time and use this as an excuse to explain why Pi is dragging its feet. Bitcoin paved the way for cryptocurrency. It is true that you can opt out of ads if everyone did, Pi would not exist and if it did, it would be a risky investment.

Developers know that not everyone will disable ads. I know I didn`t and that was my way of investing. I watched all the commercials to the end. I was there until recently, when it was announced that Mainnet wouldn`t arrive until 100 million (whatever) pioneers were reached. I know it was a lot. Considering that it has been years and that it is only at 10 million. Good luck! I have Pi Banked, but I don`t mine anymore. My resources are not being used to enrich anyone else here and now, and with nothing more than my hope that it will pay off when and when they do! I can spend my time investing in myself, which guarantees success! While it is still too early to declare Pi Network a scam, investors are advised to exercise caution when dealing with similar types of cryptocurrency companies, not just Pi Network. The strong incentive structure greatly promotes recruitment, while paying miners in a native cryptocurrency with no real value. The video, placed on the home screen of the Pi network, explains how mining PI is the first and only cryptocurrency that can be mined on a mobile phone, unlike Bitcoin (BTC).

Given these confusing features, it`s no surprise that many curious parties are wondering, “What is the Pi cryptocurrency?” In this article, we will look at this unusual new cryptocurrency and describe its main features. For me, it`s above all a great visualization exercise to have a cryptocurrency account grow when I focus my attention on it every day. This creates proof to my subconscious mind that if I do something with minimal effort and consistency at the same time, the benefit can eventually grow in the long run. Deferred satisfaction. So I see it more as my “internal crypto account”. It also helps me better understand the concept of “cryptocurrency mining” as it inspires me to do my own research and look for other ways to invest in crypto. There you go. If it brings a real financial benefit later, it will only be a plus. 🙂 However, I am aware of the data collection. Pi Network has become one of the most popular projects in the “cryptocurrency” industry. The coin, which has not yet been launched, has millions of users around the world.

In this article, we will consider whether the Pi coin is a good investment or if it is a scam. The Pi network said: “Pi is not a scam. This is a real effort by a team of Stanford graduates to give ordinary people better access to cryptocurrency. First, Pi Network was launched in 2018 with the promise that it would be listed on major cryptocurrency exchanges like Binance and Coinbase. Four full years and we still don`t know when it will be launched. Secondly, it is difficult to see how Pi Coin will derive its value even when it starts trading. eToro is a social trading platform that allows investors to buy cryptocurrency safely. The social trading platform is known for its ease of installation and trading of low-cost crypto assets. If you want to buy Bitcoin or any other crypto, eToro is the platform of choice.

These users mine cryptocurrency by simply logging into the app and pressing a button or watching an advertisement. We looked at the price of the Pi coin and discussed the main features of this cryptocurrency asset. However, we believe that Tamadoge is currently one of the best cryptocurrencies to invest in. When such highly anticipated projects are initially listed on cryptocurrency exchanges, their prices often rise in the first few weeks. When individuals rush to acquire the potential new “big thing,” market capitalization increases due to the huge demand. As a result, the price of the Pi network may increase. Pi hasn`t entered the open mainnet phase yet, so it hasn`t been listed on a cryptocurrency exchange yet. The Pi network will soon be listed on cryptocurrency exchanges. In this case, the price of the Pi coin will exceed its value by 0 USD.

Forecasts for Pi coins predict that the crypto asset will reach $1 per coin by the end of 2022. As the number of miners increases and the popularity of the digital asset increases, a value of $1 is possible. However, we recommend that you do your own research before making a decision to invest in a crypto asset. Thank you, well written. We evaluate based on specific products, not plans. So far, we have not seen/heard any useful solutions built on the network. We will review the results of the hackathon and update the article. This would be a good opportunity to incorporate this perspective when we see useful applications built on the platform. How is it a scam? You can`t officially buy it because it`s not listed on any exchange.

It is only configured to operate as a mobile app. I think it`s a great idea, and development is already done by the first hackathon they organized, with very tangible results. If you`re being scammed for not doing your due diligence, it`s only at a very early stage right now, and the investment is time on your phone. How much does it cost? Well, for me, nothing more than battery consumption and charge rates. It may be worthless or it may end up being worth a few bucks. You have little to lose with this, do not put all your eggs in one basket, diversify and drop only what you can lose, in this case time. Admittedly, this article is old, you may want to update your article, it has become a bit of a scam in itself. Hi, in the current situation, I can see that this is not an MLM model, but the Pi has no real value at the moment. I installed the app and found that the hackathon recently announced some winners and that the projects and ideas being brainstormed are viable and could be good assets in the future.