Namthie

Bybit CEO: Pi Network is more dangerous than meme coins

The founder of Bybit, Ben Zhou, stated that Pi Network targets individuals who are not knowledgeable about cryptocurrency, creating unrealistic expectations about easy money-making, unlike meme coins – which are primarily for entertainment or speculation and where players are usually aware of the risks. He criticized Pi Network for its lack of transparency by not disclosing its development team, frequently delaying commitments, and not clearly explaining how the project creates value. Zhou believes this makes Pi Network resemble a Ponzi scheme, more dangerous than meme coins because it exploits users' ignorance. He further shared that after refusing to list Pi on Bybit, he and the exchange faced attacks on social media, while Binance also encountered similar negative responses when it did not list Pi. Pi Network, launched in 2019, allows users to "mine" Pi for free through a mobile app, but after nearly 6 years, it has only recently allowed trading, causing much controversy.
#pi #PiNetwork

🏆💰 Nobel Prize-winning Economist Makes Bombastic Prediction About Bitcoin! 🚀📉



Renowned economist Eugene Fama, winner of the Nobel Prize in Economics, made a controversial and impactful statement! 😱🔥 According to him, Bitcoin will lose all its value in the next 10 years! ⏳💥

Fama argues that the rise of cryptocurrencies will have a "predictable end" and that it would be "unsustainable" to migrate the entire global financial system to blockchain networks. 🌍❌ He further claims that "all the monetary theory we know" points to the extinction of cryptocurrencies. 😨📉

And you, what do you think of this prediction? 🤔💭 Will Bitcoin really disappear or will it remain strong in the market?
💎📈 Leave your opinion in the comments! 👇🔥

Note: Guys, I'm not currently positioned in BTC, I don't gain anything from this news. I was just curious to know what my investment colleagues think about this information. So, be less emotional there 🫡🤣🤣

$BTC #BTC

Pi Network's Trading Volume Exceeds 3 Billion USD Daily... "Concerns About Overbought Conditions"
As of 1:05 PM on the 27th, Pi Network is trading at 2.93 USD on OKX, up 76.53% from the previous day. With the price increase, the 24-hour trading volume of Pi Network has also skyrocketed to 3 billion USD.
The Directional Movement Index (DMI) of Pi Network indicates a strong bullish trend. The Average Directional Index (ADX) has risen from 12.3 the day before to 57.7. Overall, when this indicator exceeds 40, it can be interpreted as indicating a strong trend. Cryptocurrency media BeInCrypto explains, "From a technical perspective, if Pi Network can maintain these indicators, the price may increase further."
However, caution is advised as the Bollinger Bands indicate overbought conditions for Pi Network. The Bollinger Bands Trend of Pi Network (BBTrend) has sharply decreased to -11, signaling that Pi Network is in an overbought state.

PI AND HOW THE CONVENTIONAL MINDSET EXPRESSES.

In recent days, the online community has had many conflicting opinions when PI was listed. Currently, at the time of writing, the price of PI has almost reached 3u when the bottom price 2 days ago was 0.6u

So the question is, when faced with the opportunity to get rich, why are so many people hesitant?

The problem here is the majority's mentality of listening to the online community, thinking that PI is a pile of trash (it really is trash) but not thinking about its strengths.

PI has an extremely large community, especially the middle-aged. This is a group of people who are extremely susceptible to fomo. Anyone who has experienced 2021 will know how terrible fomo is. Coin prices going up xx times in a few days is a common thing.

And whether a coin project is successful or not depends on the community that holds it. A typical example is doge, the number 1 meme coin on the market today. Owning a large community, all the kols are big shots.

Coin projects that have not been listed on the exchange all aim for a large enough community, then the coin will have a price to promote, but there are few projects that can develop long-term.

So people with different thinking, seeing strengths, are the ones who can make money. In today's money era, don't think in a rut.

P/s: I've been holding PI since the price of 1.4, now I have 1 order of 2.2. Still waiting for a new miracle to appear in the gloomy winter of the market.

TRUMPUSDT first check Total suppl 1B
now in market 20% of 100% next unlock 4% 18:04:2025

Don't purchase any coin
It time for bearish

#MBABYDOGE I am currently in the situation of holding losses. Is there a way to add a sell order first to lock in a fixed loss and then gradually open it again? Oh wise ones,
I am extremely urgent!