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Why is PI increasing in price???
1. Pi has a large total supply but the current total supply is not large. Furthermore, most players have voluntarily locked the supply to increase the mining speed and have not yet unlocked it all. This leads to Pi scarcity. Furthermore, Pi miners do not lose any investment money so there is no pressure to sell. Everyone is waiting for Pi to increase in price.
2. A large number of Pi miners have a lot of Pi but do not understand anything about cryptocurrencies and exchanges. They mine quietly, hoping to get paid, just hearing the press say Pi's price is increasing, they quietly continue to mine but do not connect with exchanges to sell. They do not even sell to acquaintances because everyone knows how much they missed out on bitcoin.
3. Pi mining speed is quite slow, Pi players who understand and trust Pi, if they see a reasonable price, will want to collect more while the Pi they have is still in their wallet. Compared to other coins priced at 0.000 that made them lose money, Pi listed on the exchange at 0.6$ has exceeded their expectations. so they will rarely sell but only buy in bulk.
4. Pi's white paper offers 3 solutions to solve the things that bitcoin cannot bring to the community; 1) waste of resources, 2, excessive scarcity compared to demand, 3, large investment required for mining. Pi has solved all of these 3 problems.
A few things to share for you to understand Pi better.
1. Pi has a large total supply but the current total supply is not large. Furthermore, most players have voluntarily locked the supply to increase the mining speed and have not yet unlocked it all. This leads to Pi scarcity. Furthermore, Pi miners do not lose any investment money so there is no pressure to sell. Everyone is waiting for Pi to increase in price.
2. A large number of Pi miners have a lot of Pi but do not understand anything about cryptocurrencies and exchanges. They mine quietly, hoping to get paid, just hearing the press say Pi's price is increasing, they quietly continue to mine but do not connect with exchanges to sell. They do not even sell to acquaintances because everyone knows how much they missed out on bitcoin.
3. Pi mining speed is quite slow, Pi players who understand and trust Pi, if they see a reasonable price, will want to collect more while the Pi they have is still in their wallet. Compared to other coins priced at 0.000 that made them lose money, Pi listed on the exchange at 0.6$ has exceeded their expectations. so they will rarely sell but only buy in bulk.
4. Pi's white paper offers 3 solutions to solve the things that bitcoin cannot bring to the community; 1) waste of resources, 2, excessive scarcity compared to demand, 3, large investment required for mining. Pi has solved all of these 3 problems.
A few things to share for you to understand Pi better.
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