After waiting for six years, the Pi coin that everyone has been looking forward to can finally be bought and sold on the exchange, but the result is disappointing.
Originally, I thought I could achieve "wealth freedom" with Pi coin, but when I saw it, the price of the coin was only $1, which was far from the expected $314. I could only smile bitterly.
For many people who participated in Pi coin at the beginning, they thought they could use it to exchange for a luxury car, a big house or a yacht, but they saw the cruel side of the crypto market. There are too few Pi coins that can be bought and sold in the market now, only a small part of the total amount. If there are more in the future, the price will fall as more people want to sell.
The big guys of Pi coin hold a lot of chips in their hands. They have the final say on how and when they want to sell, and we small retail investors can only follow them. Those big institutions will not easily buy high-priced Pi coins. When we small retail investors can sell, the price may drop below $1.
The fundamental reason is that the total amount of Pi coins is too much, there are 100 billion, there must be oversupply, the price will fall for a long time in the future, and it is even possible that it cannot be sold. Don't always think that pie in the sky will fall, free things are not necessarily good, you have to take a good look at whether the project is worth it and whether the market has a future.
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