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Chat Gpt a Pi
I asked Chat Gpt about the Pi cryptocurrency.
What do you think about the Pi cryptocurrency? Can it ever reach $314,000?
Chat Gpt
The Pi cryptocurrency (Pi Network) is a controversial topic. Pi Network was launched as a mobile application that allows users to āmineā the Pi cryptocurrency on their phones. The project gained a lot of popularity, especially in the early stages, due to the ease of participation and the ability to mine without the need for expensive hardware. However, there are a few concerns and warnings to consider:
What do you think about the Pi cryptocurrency? Can it ever reach $314,000?
Chat Gpt
The Pi cryptocurrency (Pi Network) is a controversial topic. Pi Network was launched as a mobile application that allows users to āmineā the Pi cryptocurrency on their phones. The project gained a lot of popularity, especially in the early stages, due to the ease of participation and the ability to mine without the need for expensive hardware. However, there are a few concerns and warnings to consider:
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Will Pi surpass its greatest rival, Toilet Paper?
No one realizes it, but there is currently a battle between two commodities. Let's find out which one will win. Will it be the long-used, time-tested, and loved by people toilet paper? Or the new player in the market, Pi?
Let's compare them:
1. Both have a large community around the world. Paper is currently larger.
2. There are many pieces of both Pi and Toilet Paper. There is much more paper (which is negative).
3. Related to point 2: Rarity. In relation to point 2, neither has it.
4. Usability:
Let's compare them:
1. Both have a large community around the world. Paper is currently larger.
2. There are many pieces of both Pi and Toilet Paper. There is much more paper (which is negative).
3. Related to point 2: Rarity. In relation to point 2, neither has it.
4. Usability:
The truth about Pi.
This is a fundamental lie spread by the Pi coin team and subsequently by fans. It is that Pi has more than 15 million active (mining) users. I already read that number a year ago. The picture shows the distribution of wallets by the number of people holding Pi. The most interesting is the last position called Microbes and there you can see that
13,466,441 wallets (accounts) own 0-10 Pi. What does this mean? One single and essential thing is that most of those 13M accounts are inactive. These are accounts that people sometimes installed the Pi application out of curiosity, but eventually stopped using it and may no longer even have it on their mobile phones. Why do I think this? Because 10 Pi can be mined relatively quickly and therefore if there were 15M Pioneers a year ago, these must be inactive people. Who probably don't even have that application installed anymore.
And one more important thing about the 22 Whales wallets with more than 10M Pi. Do you think they mined them or bought them? NO, they simply credited them or received them. And they will also include Sharks with 1-10M Pi. Most of them also received Pi for some kind of favor from the Core team. And these are also the ones who sold it from 2.9 to 0.5 USD.
This is a fundamental lie spread by the Pi coin team and subsequently by fans. It is that Pi has more than 15 million active (mining) users. I already read that number a year ago. The picture shows the distribution of wallets by the number of people holding Pi. The most interesting is the last position called Microbes and there you can see that
13,466,441 wallets (accounts) own 0-10 Pi. What does this mean? One single and essential thing is that most of those 13M accounts are inactive. These are accounts that people sometimes installed the Pi application out of curiosity, but eventually stopped using it and may no longer even have it on their mobile phones. Why do I think this? Because 10 Pi can be mined relatively quickly and therefore if there were 15M Pioneers a year ago, these must be inactive people. Who probably don't even have that application installed anymore.
And one more important thing about the 22 Whales wallets with more than 10M Pi. Do you think they mined them or bought them? NO, they simply credited them or received them. And they will also include Sharks with 1-10M Pi. Most of them also received Pi for some kind of favor from the Core team. And these are also the ones who sold it from 2.9 to 0.5 USD.
The truth about Pi.
This is a fundamental lie spread by the Pi coin team and subsequently by fans. It is that Pi has more than 15 million active (mining) users. I already read that number a year ago. The picture shows the distribution of wallets by the number of people holding Pi. The most interesting is the last position called Microbes and there you can see that
13,466,441 wallets (accounts) own 0-10 Pi. What does this mean? One single and essential thing is that most of those 13M accounts are inactive. These are accounts that people sometimes installed the Pi application out of curiosity, but eventually stopped using it and may no longer even have it on their mobile phones. Why do I think this? Because 10 Pi can be mined relatively quickly and therefore if there were 15M Pioneers a year ago, these must be inactive people. Who probably don't even have that application installed anymore.
And one more important thing about the 22 Whales wallets with more than 10M Pi. Do you think they mined them or bought them? NO, they simply credited them or received them. And they will also include Sharks with 1-10M Pi. Most of them also received Pi for some kind of favor from the Core team. And these are also the ones who sold it from 2.9 to 0.5 USD.
13,466,441 wallets (accounts) own 0-10 Pi. What does this mean? One single and essential thing is that most of those 13M accounts are inactive. These are accounts that people sometimes installed the Pi application out of curiosity, but eventually stopped using it and may no longer even have it on their mobile phones. Why do I think this? Because 10 Pi can be mined relatively quickly and therefore if there were 15M Pioneers a year ago, these must be inactive people. Who probably don't even have that application installed anymore.
And one more important thing about the 22 Whales wallets with more than 10M Pi. Do you think they mined them or bought them? NO, they simply credited them or received them. And they will also include Sharks with 1-10M Pi. Most of them also received Pi for some kind of favor from the Core team. And these are also the ones who sold it from 2.9 to 0.5 USD.
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The three worst coins of this bull run. In the first two positions are the meme coins Melania and Trump coin, which began to decline shortly after their launch and have not recovered since. And closely following them is the cryptocurrency Pi coin, which has a graph quite similar to the first two mentioned coins. Pi coin is not among the meme coins, but is classified as a shitcoin, which brings nothing new or useful. Pi is currently struggling to maintain the lowest support, but it is only a matter of time before this support breaks and Pi will plunge to new lows.
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The price of Pi is falling again and is inexorably approaching its ATL.
#Pi
Pi rate is rising again / Good Newsšš
What's Driving the Rising Price of Pi Coin?
Although today's movement reflects a slight dip, several recent developments are fueling investor optimism and contributing to a rising trend overall:
1. Mainnet Migration Speculation
Analysts, like Jen, suggest that ongoing speculation around Piās second mainnet migration is creating bullish sentiment. This anticipated developmentāwhich could activate decentralized apps and increase liquidityāis seen as a major potential catalyst for a price surge, possibly up to $0.50. The current price action is forming a consolidation that may lead to a breakout.CoinCentralCoinGape
2. Technical Patterns Favoring Bullish Rebound
A falling wedge chart formation combined with signs of accumulation suggest that Pi may be entering a markup phase. Some forecasts even point to a 150% rally toward the psychological $1 level if these patterns hold.CoinGape
3. Correlations with Meme Coin Sector
Pi is showing high price correlation with meme coins like Dogecoin and Shiba Inu. During recent volatility, Pi recorded a 5.5% weekly increaseāoutpacing other major altcoins. If the meme coin sector rebounds, Pi could follow suit:
Correlation data: Dogecoin (0.76), Shiba Inu (0.84), Bonk (0.89), Floki (0.86)Pintu
4. Supply Dynamics and Core Team Support
According to an analyst known as "Dr Altcoin," Piās core teamācontrolling a large portion of the supplyāhas a strong incentive to maintain price levels above $0.40, especially to preserve the projectās ranking and investor confidence. As token unlocking slows, pressure on price may ease, potentially paving the way for gradual recovery beyond August
Pi rate is rising again / Good Newsšš
What's Driving the Rising Price of Pi Coin?
Although today's movement reflects a slight dip, several recent developments are fueling investor optimism and contributing to a rising trend overall:
1. Mainnet Migration Speculation
Analysts, like Jen, suggest that ongoing speculation around Piās second mainnet migration is creating bullish sentiment. This anticipated developmentāwhich could activate decentralized apps and increase liquidityāis seen as a major potential catalyst for a price surge, possibly up to $0.50. The current price action is forming a consolidation that may lead to a breakout.CoinCentralCoinGape
2. Technical Patterns Favoring Bullish Rebound
A falling wedge chart formation combined with signs of accumulation suggest that Pi may be entering a markup phase. Some forecasts even point to a 150% rally toward the psychological $1 level if these patterns hold.CoinGape
3. Correlations with Meme Coin Sector
Pi is showing high price correlation with meme coins like Dogecoin and Shiba Inu. During recent volatility, Pi recorded a 5.5% weekly increaseāoutpacing other major altcoins. If the meme coin sector rebounds, Pi could follow suit:
Correlation data: Dogecoin (0.76), Shiba Inu (0.84), Bonk (0.89), Floki (0.86)Pintu
4. Supply Dynamics and Core Team Support
According to an analyst known as "Dr Altcoin," Piās core teamācontrolling a large portion of the supplyāhas a strong incentive to maintain price levels above $0.40, especially to preserve the projectās ranking and investor confidence. As token unlocking slows, pressure on price may ease, potentially paving the way for gradual recovery beyond August
How are you doing? Are you still all in? I sold 1/4 last week. It is important to secure profits gradually. I have it divided into quarters. And I do not sell the last quarter and I hold it even through the bear market. But that only applies to Btc. So far, the first part has been sold and the other two are waiting.$
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Well described. Just for comparison, this is the chart of the first cryptocurrency that was popular on mobile. I remember how full Facebook was of it in 2018. Will Pi end up the same way?
Coinstages
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Pi Network Faces Declining Interest: Is a Price Crash Looming?
The Pi Network is showing strong signs of declining interest from investors, with a combination of a significant surge of coins on exchanges, a drop in retail interest, and a negative correlation with the broader market. This confluence of bearish signals suggests that the initial hype around the project's mobile-mining model is fading, and a price crash could be on the horizon.
The Supply Glut: 409 Million Pi Coins Flood Exchanges šø
One of the most significant signs of declining interest is the massive surge of Pi coins on centralized exchanges. In the second week of August, over 409 million Pi coins were held on exchanges, a clear indication that holders are selling their tokens to cut losses or to capitalize on liquidity. This influx of tokens, combined with the daily unlock of 166.5 million tokens over the next 30 days, is flooding the market and creating a massive supply glut. This imbalance between supply and demand is putting significant downward pressure on the price and could lead to a crash.
The Hype is Over: Pi Network Lags Behind Altcoins š
The initial hype around Pi Network's mobile-mining model is now fading, as evidenced by a comparison of Google Trends search data. Searches for "Pi Network" have significantly lagged behind searches for "Altcoins," indicating that the project is no longer capturing the public's attention. This decrease in retail interest is a key factor in the project's declining price, as a lack of new buyers makes it difficult to absorb the selling pressure from existing holders.
The Market Divergence: A Negative Correlation with the Broader Market š
Perhaps the most concerning sign of declining interest is Pi Network's negative correlation with the broader crypto rally. While other major cryptocurrencies like Bitcoin, Ethereum, and Solana are showing a high positive correlation and moving in tandem with the optimistic sentiment of the altcoin season, Pi Network is moving against this trend. This divergence suggests that the market no longer views Pi as a viable investment and that a price crash could be imminent.
Conclusion
The Pi Network is at a critical juncture, with a combination of a massive supply glut, a decline in retail interest, and a negative correlation with the broader market suggesting that a price crash could be on the horizon. The initial hype around the project's mobile-mining model is fading, and a lack of new buyers is making it difficult to absorb the selling pressure from existing holders. This confluence of bearish signals paints a grim picture for the project's future and serves as a powerful warning to the community.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.
The Supply Glut: 409 Million Pi Coins Flood Exchanges šø
One of the most significant signs of declining interest is the massive surge of Pi coins on centralized exchanges. In the second week of August, over 409 million Pi coins were held on exchanges, a clear indication that holders are selling their tokens to cut losses or to capitalize on liquidity. This influx of tokens, combined with the daily unlock of 166.5 million tokens over the next 30 days, is flooding the market and creating a massive supply glut. This imbalance between supply and demand is putting significant downward pressure on the price and could lead to a crash.
The Hype is Over: Pi Network Lags Behind Altcoins š
The initial hype around Pi Network's mobile-mining model is now fading, as evidenced by a comparison of Google Trends search data. Searches for "Pi Network" have significantly lagged behind searches for "Altcoins," indicating that the project is no longer capturing the public's attention. This decrease in retail interest is a key factor in the project's declining price, as a lack of new buyers makes it difficult to absorb the selling pressure from existing holders.
The Market Divergence: A Negative Correlation with the Broader Market š
Perhaps the most concerning sign of declining interest is Pi Network's negative correlation with the broader crypto rally. While other major cryptocurrencies like Bitcoin, Ethereum, and Solana are showing a high positive correlation and moving in tandem with the optimistic sentiment of the altcoin season, Pi Network is moving against this trend. This divergence suggests that the market no longer views Pi as a viable investment and that a price crash could be imminent.
Conclusion
The Pi Network is at a critical juncture, with a combination of a massive supply glut, a decline in retail interest, and a negative correlation with the broader market suggesting that a price crash could be on the horizon. The initial hype around the project's mobile-mining model is fading, and a lack of new buyers is making it difficult to absorb the selling pressure from existing holders. This confluence of bearish signals paints a grim picture for the project's future and serves as a powerful warning to the community.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.
Can the Pioneers here tell me why they keep spreading SPAM here on Binance when Pi is not traded here? And instead they no prefer to use the chat in their great Pi browser?
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This ship was built for a long time. After its ceremonial launch into the sea, a large number of people boarded it, hoping it would take them to the promised land. It set sail from the port at the best time, when the cryptocurrency sea was favorable and helped all other ships in their voyage. The people on board celebrated, and Captain KakƔlis ordered to increase speed to 3 knots. Unfortunately, shortly thereafter, the Pitanica encountered an ice field known as reality. The collision was inevitable, and the ship began to slowly sink. Core engineers tried to find ways to prevent the sinking, but all efforts were in vain. Some people managed to escape on lifeboats just in time, but unfortunately, most did not. Some thought the ship was incomprehensible, and unfortunately, many others remained locked in the hold with no way to escape. Now the ship is still above water, but its days are numbered. And it is slowly sinking lower and lower. Sooner or later, it will face the cryptocurrency bottom, where it will remain for eternity.
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Is the similarity purely coincidental?
Electroneum is the first cryptocurrency that could be mined on mobile. And its copy Pi. Pseudo-mining on mobile phones clearly doesn't work. It isn't really mining, since by clicking once a day on your mobile, you don't confirm any transactions. In fact, you don't do anything for the network or the project. Electroneum, which was heavily promoted on social media at the time, has deeply collapsed and lost 99.81% of its value!! And I point out that it has half the number of coins than Pi coin. So despite all wishes and prayers, Pi coin will end up exactly the same. And everything so far indicates that. I dare say that Pi has already experienced its ATH and will never come close to it again. It will end up the same as ETN and ICP.
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Pi is testing its lowest support of 0.4 USD again. Will it break below it now? The completely positive sentiment in the crypto market is not helping, which convinces me that it might succeed now and Pi could head towards the price of 0.1 USD.
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Here is a new feature for a few days, which is that in the Pi wallet you can now directly buy Pi. I read somewhere that this was supposed to make it easier for elderly people who have trouble registering and buying Pi on exchanges. It seems noble, BUT it should not involve the Pi cryptocurrency. Because while it allowed for simple purchasing, it did NOT allow for selling!!! In short, the cunning core team only allowed the deposit of money, but did not allow the withdrawal of money back to the account. And I think this is quite a big deceit. Most likely serving to enrich certain people.
This news caused a slight increase in price to 0.521 USD, but as usual, after a few hours, it returned to a value of 0.44 USD. And so Pi continues to balance above the abyss, and it is only a matter of time before the support fails and Pi drops to a new minimum.
This news caused a slight increase in price to 0.521 USD, but as usual, after a few hours, it returned to a value of 0.44 USD. And so Pi continues to balance above the abyss, and it is only a matter of time before the support fails and Pi drops to a new minimum.
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Here we see the beginning of the Pi graph after its introduction on exchanges. On the left, the starting price of 0.00028 USD for 1 Pi can be seen. Subsequently, the price was manipulated (by releasing a very small amount of Pi into circulation) and raised to 3 USD. Since then, through controlled sales, it has been slowly pushed down to the current 0.45 USD. However, this is not an intentional push down for cheaper accumulation, but rather classic profit-taking by those who did not mine or purchase Pi, but simply had it in large quantities from the beginning. What does this lead to? It means that the real price of Pi is many times lower than the current price, and I dare say that this price will be somewhere between 0.001 - 0.0005 USD. When will Pi reach these values? Probably in 2026 or 2027 when a bear market will occur, and altcoins will experience massive losses.
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Beautiful drop of Pi down to 0.42. Hold on to your hats, this is not the end. It will soon reach its new ATL (all time low). I believe that by the end of the year Pi will be below 0.1 USD.
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Pi Network: From promises to downfall ā why this 'revolutionary' cryptocurrency is losing value
The Pi cryptocurrency, which has been promoted for years as a 'revolution in mining' through a mobile app, is experiencing a steep decline after its official listing on exchanges. What was supposed to be a breakthrough is so far proving to be a harsh return to reality. The price of this cryptocurrency is falling ā and faster than many of its supporters expected.
Overestimated expectations
After years of marketing, promises of decentralization, and a million-strong community of enthusiastic 'miners' through a mobile app, it is becoming clear that behind the glitter of Pi Network, there is a lack of real technological value and usability. The project operated for a long time in a closed 'testing' mode, which only increased suspicions that it is more of a marketing ploy than a real innovation.
Overestimated expectations
After years of marketing, promises of decentralization, and a million-strong community of enthusiastic 'miners' through a mobile app, it is becoming clear that behind the glitter of Pi Network, there is a lack of real technological value and usability. The project operated for a long time in a closed 'testing' mode, which only increased suspicions that it is more of a marketing ploy than a real innovation.
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Lies about Satoshi Nakamoto and Kokkalis, the creator of Pi.
Lies are spreading among Pi fans about the identity of Satoshi Nakamoto that he is the same person as Pi's creator Kokkalis. And that's why I asked ChatGPT this question.
1. Satoshi's Identity
Satoshi Nakamoto is a pseudonym under which he published the Bitcoin whitepaper in 2008 and launched the network in 2009.
His identity remains unknown.
In 2010, he stopped communicating publicly and has not been heard from since.
2. Nicolas Kokkalis
He is a real person of Greek descent, a professor at Stanford, with a strong academic background in computer science and distributed systems.
1. Satoshi's Identity
Satoshi Nakamoto is a pseudonym under which he published the Bitcoin whitepaper in 2008 and launched the network in 2009.
His identity remains unknown.
In 2010, he stopped communicating publicly and has not been heard from since.
2. Nicolas Kokkalis
He is a real person of Greek descent, a professor at Stanford, with a strong academic background in computer science and distributed systems.
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I asked ChatGPT about Pi.
What do you think about the cryptocurrency Pi? Could it ever reach 314,000 USD?
Chat Gpt
The cryptocurrency Pi (Pi Network) is a controversial topic. Pi Network was introduced as a mobile app that allows users to 'mine' the cryptocurrency Pi on their phones. The project gained significant popularity, especially in the early stages, due to easy participation and the ability to mine without the need for expensive hardware. However, there are several concerns and warnings to consider:
1. Non-existent main blockchain
Chat Gpt
The cryptocurrency Pi (Pi Network) is a controversial topic. Pi Network was introduced as a mobile app that allows users to 'mine' the cryptocurrency Pi on their phones. The project gained significant popularity, especially in the early stages, due to easy participation and the ability to mine without the need for expensive hardware. However, there are several concerns and warnings to consider:
1. Non-existent main blockchain
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As I mentioned here a few days ago. Pi is Pump and Dump.
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16.5. What did KakƔlis say in his sacred speech today in Toronto? I haven't been following it, but the Pi price made it clear.
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