Pi Crypto Investors is unhappy with a low price lower than one dollar

“I started with PI mining in 2022 and I had more than 1000 PI in my MainNet wallet, I still believe in it and spent more than $ 5,000 to buy more when the price was about $ 1.90,” says Hoang KHA from the Central Quang Benh Province.

When the price rose to $ 3, he felt lucky about the timing of his investments.

“I thought the price would continue to rise, so I did not get profits even though an experienced friend advised me to do so,” he says. Uncommon for how to do things“

The currency price fell steadily and was circulating at $ 0.89 as of March 21. Khat says that the sharp decline has so worried that he could not focus on anything.

“Maybe I will sell a slight loss before things get worse because part of the money I used was borrowed.”

LE VI from the Binh Thuan Province for more than three years, who invited relatives, friends and communications on social media to join PI, and obtained more than 5,000 free symbols in his wallet for his efforts. It was hoping that its price would rise to “at least numerous US dollars” as soon as it was included.

“I am not happy with the current price, although I have not had to spend money to buy it,” he says, adding that he is planning to sell two -thirds of PI instead of waiting for a recovery.

On social media, many others shared a similar disappointment. Before launching the open network, PI supporters believed that the distinctive symbol would rise in the value, with some agree to the “consensus price” of $ 500-1000 and urge others not to “reduce” the price.

So when PI reached the peak of $ 3 before starting to decline, Many users have lost confidenceHoang Anh, director of the Pi Network Facebook Group says, says society has now been divided into two and the other is upset with the current prices.

“I bought many additional PI users expecting an increase in prices, just to be shocked when their property lost half or two -thirds of its value within one month.”

The other group is still confident, urging users to transfer all distinctive symbols to personal portfolios and even encouraging others to buy more if they can. Some encryption experts have warned that PI is involved in features with Metal Metal coins and they can be vulnerable to “pump and discharge” plans. The Pi Core team, which leads the project, said that the total offer will reach 100 billion, with the release of about 6 billion PI at first after the launch.

Quoted from the portfolio data, the veteran investor in the encryption of Nam Nagwin says that tens of millions of PI are still launched, with some estimates that put the circulating offer about 7 billion.

“For this reason the price continues to decrease.

“It may decrease even in the near future, as the previously closed wallet lock will be canceled to increase mining speed. Users need to look carefully at the amount of PI they keep.”

It is also noted that many PI holders seem to be new in Crypto.

“They may have been paid by groups online and for fear of losing them, and spending large sums to buy more PI without understanding how the market works.

“In the end, they lose money and do not know who resorted to it, as there is no legal protection.”

Despite the launch of the open network on February 20, the PI is still widely seen as Blockchain project is incompleteIt lacks smart and open source decades.

During the past month, the primary team has only provided simple updates, such as field name auctions, pifest shopping feature, application expansion, and MainNet.

Pi Network was launched in 2019, as it promoted itself as a way to PI users for free by taking advantage of a button in the Mobile Daily app. Vietnam Among the countries that have the most mining workers.

The project was controversial, as it took nearly six years to launch Mainnet, which finally allowed users to transfer PI to exchanges for trading on February 20 this year.