/biz/ - Business & Finance

[Anonymous No.20189787]

>6 million users
Is Pi the chosen cryptocurrency?

[Anonymous No.20189821]

Not really

[Anonymous No.20189835]

>>20189787
Selling half of mine as soon as we can put them on exchanges.

[Anonymous No.20189845]

>>20189787
>ads
oh no no no hahahahahaahahahaha

[Anonymous No.20189869]

I have almost 5,000 pi, do you think it will EVER be worth something?

[Anonymous No.20189916]

>>20189869
Probably not a massive amount, but the last IOU price was $0.34. As soon as we hit the open market by going on bigger exchanges it’ll drop significantly because of a supply increase, but it has so many users it’ll probably maintain some small value. Don’t expect it to make you rich unless you’re one of the few who had hundreds of active referrals and ended up with hundreds of thousands to millions of Pi.

[Anonymous No.20189920]

>>20189869
Just look at Electroneum charts and ignore the 2017 pump since we'll never have one again hahahahahahahahaha
Enjoy giving them your personal info for $50

[Anonymous No.20189943]

>>20189916
So you're saying we should sell as soon as it's on the market otherwise we're gonna be waiting for years until it's worth shit?

[Anonymous No.20189959]

Is this ever going to come out even?

[Anonymous No.20189960]

>>20189835
I plan to sell about 1/4.
Keep in mind that the Pi in your stack that have been contributed by idle accounts that haven't passed KYC yet will initially be locked so you'll only have access to a fraction of your Pi, depending on the size and composition of your earning team.
This is a really clever solution by the devs to surpress the free supply of Pi for weeks or even months after the exchange listing and thus stabilizing the price.

>>20189845
Literally fake news, you can disable ads with a single button press in your profile settings.

[Anonymous No.20189981]

>>20189943
Yes retard that's what he said.
Again, look at Electroneum's price today, the same will happen with Pi, the moment it hits the market everyone, and I mean everyone, will start dumping.
You'll be lucky to sell at $0.1 which I doubt frankly

[Anonymous No.20189987]

Fake coin used for data mining

[Anonymous No.20189993]

>>20189943
That’s my guess, yes. I’m only selling half of mine and letting the rest sit there and if we’re lucky it’ll go up.
>>20189960
I didn’t realise that actually, thanks for the info. Thankfully my big earners are still active.

[Anonymous No.20190067]

>>20189960
Wait, the Pi made by accounts which haven't passed KYC can still be dumped? Lel, the chinese farms are gonna have a field day every time new Pi gets unlocked for them.

[Anonymous No.20190104]

>>20189869
>>20189916
>>20189920
0.1-0.5 is a pretty good result imo, if you have a medium size stack that would translate to the yearly income of a cashier in my country. Won't make you rich but a good return for literally pressing a button once a day.

Also keep in mind, the real money making opportunity with Pi is NOT the listing/selling your mined stack for $. It's the marketplace. The transfer pilot has shown that users (especially those who have joined more recently) are absolutely delusional about the value of Pi (for now). If the marketplace is opened before the exchange listing I'll easily extract x2 - x5 the value I would for just selling the Pi for $.

[Maff No.20190152]

MXC Will List Solana (SOL) in Assessment Zone and Hold Deposit Activity With 7,000 SOL Giveaway

Deposit: Opened
Trading: 11:00 (UTC+8), July 8
Withdrawal: 11:00 (UTC+8), July 9

Deposit SOL to Share 7,000 SOL Airdrop
09:30, July 8 - 09:30, July 11 (UTC+8)
Awards and rules:
Users who deposit SOL on MXC with net deposit amount min.100 SOL can share the 7,000 SOL prize pool.

More:https://mxc-exchange.zendesk.com/hc/en-001/articles/360045961031

[Anonymous No.20190208]

>>20189981
Idk man, the levels of hopium in the Pi chats are insane and there's a lot of contribution factors that didn't exist for Electroneum in terms of infrastructure and indirect price regulation. Not saying your scenario is unlikely, just that an alternative route is also possible at this point.

>>20189987
>Pi is data mining scam
>Pi is a pump and dump exit scam
>Pi is secretly mining Monero with your phone
Proofs. Where are the proofs? In 1 1/2 years I've never seen a single indication of shady behavior from the devs. 90% of the scepticism stems from the semi-pyramid-scheme organization of the network which is not a big issue in on itself.

>>20189993
You're welcome.

>>20190067
No, it's the opposite. Accounts that fail KYC have their supplies burned. What I meant was a significant portion of idle (but genuine) users will need time to even realize that Pi is finally happening and apply for KYC.

[Anonymous No.20190268]

If anyone wants to test Pi out, here's my invitation code: MakroMakro

The amount of Pi you can mine is only determined by your own earning team which you build, so which code you use for joining doesn't matter.

[Anonymous No.20190367]

>>20189959
Progress is slow, but I think it will, probably by Q2 / Q3 2021.
They just started the Apps Platform, so if you can code and build an okay app that gets approved you can most likely build a stack of 100k - 500k by this time next year. With the expected initial value in the 0.1-0.5 $ range, that's a great result when considering the effort. Of course, there's also a chance that the project will fail before listing which means few dedicated / capable people want to get involved right now. Conversely, if Pi pulls through the talented people who got in early will have a proportionately larger pay-off.

[Anonymous No.20190501]

>>20190152
What is this shit?

[Anonymous No.20190546]

>>20190104
If your whole experience with Pi is just pressing one button you don't have enough Pi to make someone's yearly income by selling don't kid yourself.
The people that have considerable amounts have been shilling this for hours every day on multiple platforms.

[Anonymous No.20190592]

>>20190367
>100k in one year
You must be joking. How much time do you need to spend shilling your code to get this? This is delusional, with two people actively mining you'll make 5k at best. Are you a cult leader or something?

[Anonymous No.20190829]

>>20190546
Fair enough, the shilling time needs to be taken into account. The way I see it, I'm spending so much time on /biz/ anyways, shilling a hypothetical meme coin seems productive by comparison.

>>20190592
No, see, if you get approved for the Apps Platform you can sell your App for Pi within the Pi Network App and your earnings are added to your stack. With millions of users eager to test out if Pi can be exchanged for valuable goods and services, and with very little competition from other Apps (since few people put actual effort in Pi) a couple 100k isn't an unreasonable proposition.
The biggest Pi whales will not be shills with big earning teams but people who exploit the Apps Platform and the market place properly. It's completely obvious when you think about it for a minute.

[Anonymous No.20190842]

>>20189787
Another crypto shit? have you not learned your lesson?

[Anonymous No.20191029]

>>20190842
If you read the chat carefully you'll see Electroneum mentioned a couple of times. Just like Pi it was app-based and free. Imagine cashing out a 50k Electroneum stack at the top, that's 10.000 $ for a 0 $ investment (maybe a few cents if you take electricity into account). What a time to be alive. Sure, you have to take shilling into account but I'm pretty sure the hourly wage that would translate to is still pretty amazing unless you're really, really bad at shilling.

So far, all the signs say that Pi will be as, or more successful than Electeoneum. It's more ambitious, it has a gigantic user base and insane levels of normie hopium attached to it. If it actually takes off a lot of people will be really sorry they didn't join.

[Anonymous No.20191485]

>>20189993
How much of your earning team is still active? I lost about 70% in 2020...

[Anonymous No.20191488]

6 000 000 users mining an average of 1 pi per hour.
That's 144 million new pi added to the supply every day.
Let's just say this process has been going on for half a year, which would make the total supply at least 26,2 billion.
If this pajeet coin manages to get the same market cap as electroneum, that would put the price of 1 pi at $0.002, enough to feed one Indian for a day.

[Anonymous No.20191630]

This isn’t a scam nor does it take your info
As one anon said we could easily x2-5 just from the apps alone
If you want to try it out use my code
Ac413

[Anonymous No.20191667]

>>20191488
I doubt all 6million are active users
Out of the the people I had on my mining team only 1/4 are still mining

[Anonymous No.20191775]

>>20191488
That seems about right, but keep in mind that only a fraction of the supply will initially be available. Listing will probably be Q2 or Q3 next year, taking the next halving into consideration the total mined supply will probably be in the 40-60 B range and the total liquid supply somewhere between 2-10 B.

How did you calculate 0.002? Just by copying Electroneum's price after its collapse and adjusting for supply?

[Anonymous No.20191813]

65K Pioneer here, I started when there was less than 10K people. I doubt it'll be something but doesn't hurt to press a fucking button every 24 hours aye. If it doesn't then so be it, if it does then I'll take my $100 thanks.

[Anonymous No.20191861]

>>20191667
The devs keep insisting inactive users are removed from the census (though nobody knows what the criteria are, a month of inactivity, two, three? Deletion of the App from your phone?). If that were true the number of users including those who mined for a short time and then lost interest would be well over 10 million for sure.

[Anonymous No.20192029]

>>20191813
Even with the most pessimistic price predictions, some spikes are still to be expected. With 50k+ Pi a 1000$ profit should be easy with good timing.
On the other hand, it's not that unlikely that it could go above 10 cents or more at least for a brief period, you'll just have to keep an eye on it and sell a good portion at the right time.

Btw, how big is your earning team and how much is left of it? For 65k you must have shilled quite a bit even if you joined early...

[Anonymous No.20192060]

download Pi Network app and use code tu95 for maximum gains

[Anonymous No.20192318]

>>20192060
>Being genuinely upset that mining a whole bitcoin takes several days.

My God. If only I had come to /biz/ back then instead of posting Lost threads on /tv/. I'm sure I would have sold 90% of my stack as soon as it did its first 10x but I know I'd always have kept at least some with each pump and I would have made it eventually. It's just crazy to think about that some of the guys you were shitposting with and calling each other faggot back then are now genuine crypto multi millionaires, it will never stop amazing me even though I know I'll never join them.

[Anonymous No.20192406]

>>20189787

Pichain and IOU are not the actual Pi currency. The are fakes. The real Pi currency has never been listed and never will be. It literally has no value.

[Anonymous No.20192538]

>>20192318
I bought some BTC from a Bitcoin ATM as a joke. Sold it when BTC pumped, but way way early pumped. Not saying I would be a crypto millionaire, but still, what could have been....

[Anonymous No.20192711]

>>20192406
>and never will be
Of course it will be listed. You think the Stanford graduate devs are just doing this project for shits and giggles. The ad revenue is barely enough to cover their costs. A data mining scam wouldn't be much better and would open them up to to lots of legal trouble since their identities are public, they are not a megacorporatio that'll just shrugg of a conviction, pay a couple millions in fines and move on.

If the devs want to turn a profit they have to put Pi on exchanges and allow Pioneers to participate, it's the only way.

[Anonymous No.20192790]

>>20192538
Why'd you sell it all? I would never sell 100% of a mooning asset, be it stocks cryptos, collectibles, whatever, unless it can only be sold whole (if I only own one share for instance). I always keep 10-20% just in case there's another pump. If there isn't, I won't miss the 10%, but I'll be really fucking pissed if there is and I sold everything.

[Anonymous No.20193616]

>>20192790
Because I was young and retarded. When you see Bitcoin reports in your local TV station and you sold two years earlier, you know you fucked up. Now I am HODLING LINK and mining Pi. I managed to talk some of my normie friends to mine Pi, but other crypto or stocks, no bueno. Win or lose, the risk is worth it. It's sad how many normies are disinterested.

[Anonymous No.20193712]

>>20191775
To get to 0.002 I just took the market cap of electroneum and divided it by 26,2 billion, which is a low end estimate of total PI. I wouldn't be surprised if the total number of PI was at least double that, especially since there's nothing known about how many PI the devs hold.
A realistic price would be more around 0.001

Anyone that can't see why this coin is garbage is beyond help.