Shocking! Take a look! Pi coin has collapsed! I fantasized about getting rich, but instead, I was left with nothing after being scammed by the project team!
I have to admit: I was wrong to trust this Pi coin! I initially thought it had a bit of a "pyramid scheme" vibe, but with so much traffic and attention, I thought maybe it could really make everyone rich. So, I impulsively bought some. And what happened? Yesterday, when it launched, I was left dumbfounded — the circulation was less than 200 million, and the price couldn't even break 3 dollars! This completely does not match the hype it generated! Those trading off-market were even worse off; it was hard for them to break even, it was simply a bloodbath!
Under normal circumstances, with such high hype, it should easily break 3 dollars, right? But the reality is, it can't even hold 1 dollar, it's dropping more thrillingly than a roller coaster! It hasn't even been more than an hour since it launched, and the price has collapsed to below 1 dollar. How can we play this? People trading off-market can't even sell their goods because 3 dollars is their cost line; everything being sold is just the project team offloading. There might be thousands of Pi coins floating around the market, but even that amount can crash the price. And they keep claiming they want to "revolutionize Bitcoin"? It's laughable!
Looking back, the only explanation is that the project team is secretly offloading and doesn't protect the price at all. They can't even hold 1 dollar, it's truly embarrassing! I could accept a few days of fluctuation after listing before it breaks 1 dollar, but you crashed within an hour of launching, indicating the project team is holding a large amount of inventory, with no intention of letting retail investors make money. Platforms like Coinbase, FTX, OKX, KuCoin, Bitfinex, Bybit, and Bitget are all so ruthless, right? They are directly "beating down the shorts", cutting it down, and completely shattering the hopes of retail investors.
I had hoped to make some pocket money with Pi? Dream on! It's just like KYC; the project team is afraid you will pass the verification and run off to sell coins and earn their money. So they strike first, sell out, and trap retail investors. The dream of getting rich is shattered, and now all I have left is the lesson: don't blindly trust these flashy coins, or you'll be left with nothing!
