Pi coin is very popular! It is because the community marketing is good!
But this kind of coin is really not recommended for everyone to hoard as a mainstream value coin! The risk is too great! The dealer has a high control! It is difficult for us retail investors to make money! Most leeks cannot escape being cut! It is recommended to try not to touch it!
Recently, Pi coin officially opened on the OK platform with an opening price of 2 US dollars. However, its price plummeted in a short period of time, directly falling to 1 US dollar, a drop of 50%.
At present, a major core problem facing Pi coin is its restriction on domestic user transactions. Due to the restriction on domestic users to participate in transactions, there is a lack of sufficient buyers in the market, which in turn makes the market liquidity seriously insufficient.
It is worth noting that the Pi coin project launched this time has been questioned in the Chinese circle as having the nature of a pyramid scheme, but it prohibits Chinese from participating in transactions. This contradictory operation is puzzling. For accounts certified as mainland Chinese users, even the transaction interface cannot be viewed, let alone transactions.
To some extent, the prohibition of Chinese transactions may be to evade the severe crackdown on virtual currency trading speculation by domestic regulatory authorities. In addition, this may also be to avoid the phenomenon of early miners holding a large number of Pi coins and causing a market crash.
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