The recent fluctuations in Pi Network’s price, dropping from $2 to $0.8, have sparked debates among the community. Many newcomers to crypto are panicking, but experienced traders reassure that such volatility is normal. One user compared it to Solana’s historical price swings, emphasizing that patience is key in the crypto space.
“I’ve seen Solana go from $250 to $9 and back to $290. A 50% drop is nothing in crypto.”
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Pi Network’s Wild Price Swings: Is This the Future of Crypto?
Current Trading & Availability
Some users have been actively trading Pi, taking advantage of price dips:
“I sold 7,000 Pi at $1.98 and bought back at $0.66.”
Others are holding their coins, believing in Pi’s long-term potential.
Pi is currently not available on major exchanges like Coinbase, but users report that it’s being traded on:
- OKX
- Bitget
- Pionex (via VPN in certain regions, e.g., Mexico)
However, US and UK residents face difficulties buying and transferring Pi due to restrictions.
“It won’t go up until UK and US can participate and bigger exchanges list it.”
Some users speculate that once Pi becomes widely accessible, its value will increase.
Concerns Over Supply & KYC Issues
A controversial topic in the discussion was the sudden addition of 800M Pi to the circulating supply just before launch. Some users argue that this artificially lowered the price, which would have otherwise started at around $4.
The KYC process remains another challenge, with some users waiting months for verification. There are concerns about losing mined Pi if KYC is not completed before the March deadline, but others believe the deadline is just for starting KYC, not for losing coins.
“Will I lose my Pi if KYC isn’t approved by March?”
“I don’t think so. The deadline is just to start the process.”
Market Sentiment: Optimism vs. Skepticism
The Pi community is divided on the future of the coin:
✅ Optimists believe Pi could reach $10 this year, with growing adoption and exchange listings.
❌ Skeptics argue that Pi lacks a strong ecosystem and will struggle to gain real traction.
Some users regret not selling at $2 and rebuying at $1, while others believe Pi will appreciate over time.
“Crypto is about patience. I mined Pi for 5 years, I’m not selling now.”
“Those who hold for 5-6 years will be filthy rich.”
However, a realistic take from experienced traders warns against wishful thinking:
“Not all cryptos bounce back. Look at projects from 2017 and 2021—most are dead now.”
Should You Sell or Hold?
The community remains hopeful but cautious. Many agree that holding Pi is a smart move if you believe in the project’s future, while others see short-term trading as an opportunity.
One user summed it up perfectly:
“Whatever you do, just don’t be the guy who sold Bitcoin for pizza.”
The question remains: Will Pi Network prove its worth, or is this just another speculative hype? 🔥
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