I did not write this article to “bash” or belittle anyone, but simply to express my personal viewpoint – based on real observations, logical analysis, and a bit of basic financial understanding. If you are placing hopes on Pi Network as a life-changing opportunity, please read carefully and reflect.
1. The community lacks financial knowledge
Most participants in Pi do not understand digital assets, let alone tokenomics, supply and demand mechanisms, inflation, or intrinsic value. They only hear rumors: 'After mainnet, 1 Pi will = 314k VND, or even more.' Many even believe that Pi will be 'the second Bitcoin.'
But they do not ask themselves:
• Who will buy Pi at that price?
• Why can Pi achieve high value when anyone can mine it for free?
• Why are big funds and major exchanges not interested?
When knowledge is zero, you are easily manipulated by blind trust.
2. Led by a profit-seeking group
Currently, there is a group of self-proclaimed 'community leaders' creating content, livestreaming, organizing meet-ups, continuously inflating the value of Pi. Their goal is not for the community, but to exploit the community's trust to manipulate when they need to pump/dump, to lure users to buy more, to covertly dump Pi at high prices....
In fact, this activity appears in many other projects, but when it is confined within a small, non-public, and obscure group like 'the holy grace of God', the level of danger and risk will be much higher for participants.
There is a significant difference in that the 'pioneers' in this project community write articles that are very lacking in knowledge, naive, and delusional like a three-year-old about the financial market!
3. The founding team shows signs of dumping tokens to raise funds
We need to face the truth: The Pi development team is not transparent and does not appear to the public like other projects. They release token unlocks, KYC according to a schedule, give to 'contributors' – but lack transparency about the quantity, distribution, and usage.
If you have ever followed other projects, you will know: 'dumping' is a well-known strategy. They sell tokens when the market still trusts, bringing in stablecoins or cash – while those who hold Pi in the end are left 'standing dead'.
4. Why do I say 'splitting 31 times after 4 months'?
The token price always reflects supply and demand and trust. When the number of people losing trust increases, the price will plummet. A 10 times split is already mild, but in the context:
• There are no real practical applications creating value,
• The community lacks the ability to maintain value,
• Tokens are continuously dumped quietly from many parties,
So, splitting 31 times after 4 months is entirely possible!
In summary:
I do not expect you to believe me, I only hope you stop to ask yourself questions and seek to understand. The truth can sometimes be hard to hear, but it will help you avoid unnecessary losses.
You can continue to believe in Pi – but please be cautious.
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