Web3江海
--
The market value of Pi coins is significantly inflated, and everyone should not be deceived!
After carefully examining on-chain data, we found that the so-called hundreds of billions or trillions in market value is completely unrealistic. In fact, the number of Pi coins that can truly circulate in the market is only about 300 million. Moreover, these few circulating coins are scattered across various exchanges by the project team.
It is precisely due to this severe lack of liquidity that the price of Pi coins has experienced drastic fluctuations. Just like the recent large bearish candle, the price plummeted by 30% and then quickly rebounded. This significant rise and fall fully demonstrates its lack of liquidity. A currency that claims to have a market value of hundreds of billions should exhibit relatively stable price performance, but the current state of Pi coins is far from that.
So, whether you are optimistic and plan to go long, or pessimistic and intend to short, it is best to stay away from Pi coins. If you do not have a strong psychological resilience like mine, you might suffer heavy losses in this operation.
Those who think I am deliberately pessimistic about Pi coins and say I am “sour grapes” should refrain from rebutting too quickly. The reason I say the price of Pi coins is driven so high is that currently, there are only 300 million coins that can circulate. Let’s not forget, even if one day you can successfully sell your Pi coins, if the circulation rate reaches 10 billion, selling one coin for $0.1 would be nothing short of a fantasy, almost an impossible miracle.
In plain terms, even if the price of Pi coins rises to a million each, it has nothing to do with you. Because by the time you can finally withdraw your coins, the project team and the exchange's market makers would have long since crashed the market and run away. At that time, when the remaining 99.7 billion coins are unlocked, your Pi coins would likely sell for less than $0.01.
So, everyone should pray for the Buddha to open his eyes, hoping you can get through this difficult time soon and sell some Pi coins at a relatively high price to buy an electric car and improve your life!
After carefully examining on-chain data, we found that the so-called hundreds of billions or trillions in market value is completely unrealistic. In fact, the number of Pi coins that can truly circulate in the market is only about 300 million. Moreover, these few circulating coins are scattered across various exchanges by the project team.
It is precisely due to this severe lack of liquidity that the price of Pi coins has experienced drastic fluctuations. Just like the recent large bearish candle, the price plummeted by 30% and then quickly rebounded. This significant rise and fall fully demonstrates its lack of liquidity. A currency that claims to have a market value of hundreds of billions should exhibit relatively stable price performance, but the current state of Pi coins is far from that.
So, whether you are optimistic and plan to go long, or pessimistic and intend to short, it is best to stay away from Pi coins. If you do not have a strong psychological resilience like mine, you might suffer heavy losses in this operation.
Those who think I am deliberately pessimistic about Pi coins and say I am “sour grapes” should refrain from rebutting too quickly. The reason I say the price of Pi coins is driven so high is that currently, there are only 300 million coins that can circulate. Let’s not forget, even if one day you can successfully sell your Pi coins, if the circulation rate reaches 10 billion, selling one coin for $0.1 would be nothing short of a fantasy, almost an impossible miracle.
In plain terms, even if the price of Pi coins rises to a million each, it has nothing to do with you. Because by the time you can finally withdraw your coins, the project team and the exchange's market makers would have long since crashed the market and run away. At that time, when the remaining 99.7 billion coins are unlocked, your Pi coins would likely sell for less than $0.01.
So, everyone should pray for the Buddha to open his eyes, hoping you can get through this difficult time soon and sell some Pi coins at a relatively high price to buy an electric car and improve your life!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
317
0