So, hey guys, welcome back to my channel tonight. In today's article, we will be talking about the Pi Network or else you can call it as Pie Coin. We will discuss on what is the real price of it. All right, I've already made a video regarding to this but I'm making this video again because there are a lot of conflicts, there are a lot of, what do you say, misconceptions, and confusion on the internet regarding to what is the real Pie Coin price, and a lot of people are creating their own theories and a lot of YouTubers who have a very good subscribers like 100,000, 150,000, they're also creating chaos in the market and spreading some misconception in the market. So in this video, I'm going to make everything clear and crystal in this video. What is the real price and is it available for selling for selling, and can you actually sell those coins? Is it yes or no, and if yes, what is the price? If no, then what is the reason? Why is everything happening? This video is going to be my final video because I don't want the people to be deceived; I don't want people to be confused on this small issue, which is made into a big issue. Alright, so that's why I'm making this video. So, make sure if you are new to my channel, don't forget to subscribe to our channel and hit the like button, and then we will get started with today's video. Alright, so this is the Pi application. Everyone has it. And first of all, let me just tell you they have dropped the new update, so make sure you update the application if you have not done that. And first of all, let me just tell you this is our balance, so everyone has their own balance. I have around 4,000 token. You guys might have 10,000, you guys might have 20,000, you guys might have more than me. Alright, so this Pie Coin you might be telling that this is available for selling. But let me just tell you, in the Coin Market Cap, there is a new price over here. Already you can see the price of token is $0.4, 0.395. And if you remember, I had made a video a few days back regarding to this issue. The prices were $50, the prices were $42. It was varying from one price to another price. Alright, and a lot of people were getting confused, and a lot of people were falling into scams from various methods of scams. So that's why I had made those videos in the earlier. So today, you can see the price has been completely shattered, completely fallen. So what is the reason? Who is behind this? So first of all, I'll just take you to the mathematical, what do you say, conclusion regarding to that. So you can see the total supply, the max supply over here is given as 100 billion of Pi token. 100 billion of supply, they're telling over here. And only which is available for circulation is 68 million. So where is 100 billion and where is 68 million? So that means only few of them, maybe three people or four people have the entire 68 million of Pi, which is fake coin, obviously. This is not a real Pi coin. So they are making the circulation over here. They are manipulating the prices over here. And how can they manipulate? Who is helping them? What is the reason and what are the major factors of making this price fluctuate from $40 to $0.3? How can that happen? It's very simple. No one is supporting them except the exchanges. Which exchanges are they? They are the topmost exchanges in the crypto, such as HTX, such as BitMart, such as SuperX. And let me just tell you, SuperX is one of the fake and one of the scam exchanges to be existing in the crypto because of so many things which have been done by them in the past. All right, so let me just tell you. So now, if I just go into these particular exchanges. So first of all, let me just open BitMart Exchange. You can see over here. The price in BitMart shows as $35. And this price is not correlating with the price which is shown in CoinMarketCap. Okay, so this is number one effect and this is number one defect over here. And the exchange number two is SuperX. You can see in SuperX, the coin value is currently $2.5. All right. So before anyone comes to this confusion, I want to make sure over here. I want to give you a gentle reminder. I want to give you a humble reminder over here. That Pi is not available for selling in exchanges. If I just go into the Pi application, you can see you might be telling that I have 4,000 tokens. And that means I will be earning $100,000, $200,000. You might be having such kind of imagination. So keep those imaginations out of your head, remove those kind of imaginations. Because why am I telling you this? If you go into the official selling, I mean unofficial selling of Pi Network, let's say that you still want to sell the Pi Coin to anyone, you cannot sell it to exchanges. That is completely not possible. Why is it not possible? The number one reason is that if you try to bring the Pi Network Coin over here, the deposit is not open as well as the withdrawal is not open. These kind of exchanges are not opening the withdrawals and the deposits of these Pi Coins, which is listed in their official exchanges. Why are they not doing it? And how can you actually do it? How is it possible for you to actually withdraw? It's only possible with one method, that is you have to swap Pi to USD and you can withdraw USD. But directly withdrawing the Pi to any wallet or exchange, it's completely not possible. And some people still defend this. Some people still come to me and tell that you are lying in the video. You are just making a fake video because you don't know the Coin Market Cap is showing it's having a market cap of such and such dollars. You can see some people say that the market cap is $39 billion. How can it be fake? So I want to give you one simple logic over here. Just read this, just clearly read the sentence. It is telling a fully diluted market cap. There's a difference between market cap and there's a difference between diluted market cap. Market cap, I'll just tell you. So market cap means the tokens which are in the market, which is circulating. What is the worth of it? That means market cap correlated with the supply, which is circulating circulating supply into the price. Let's say that circulating supply is 10 coins are in the market for sale into the price. And price is $10. So 10 into 10 will be 100. That will be market cap. All right. So now what is the diluted market cap, DMC? So diluted market cap is nothing but the total supply, the entire supply of any token into the price. So that will be this amount of money. So you just imagine, you just make a calculation. 100 billion of Pi coin, which is fake, into the current price over here, 0.395. It is equals to this kind of market cap, which is known as diluted. So just understand the basic principle of the crypto. All right. It's not crypto. Any market. It is how it is working. All right. So this doubt is clear. So now, if someone asks me, "How do I sell it?" I want to repeat it once again. You can only sell from one wallet to another wallet. That means if you want to sell it, you do not have permission officially. You have to do it unofficially. So you have to find a user who is willing to buy. It's like a barter system which works in the market. Okay. Like how it used to work in 17th century or 15th century or 10th century. People used to sell their shoes and get something in return for food. Like that, there was no money involved. So you have to do something like that over here. Barter system. You have to find a user who is willing to buy and he is willing to pay you such and such money. Only that thing will work. So how will that work? You have to just go into the Pi browser, which is their official browser. So I hope you guys have installed the Pi browser as well. So in this Pi browser, there is a section known as wallet section. Okay, let me just open the Pi browser from here. You can see I'll just sign in Pi browser. And you can see in this Pi browser, there's a wallet section, which means you will be able to send from one wallet to another wallet using the wallet address. And now there are so many confusion over here. Yes, it is. Let me just tell you one thing. Everyone cannot sell it because there is a huge problem for that regarding to the KYC and all these things. Because if you go into the main net checklist, you have to complete all the checklist over here. This is the main net checklist. You have to complete all the things over here which is shown in the list. Only then you'll be eligible for the selling of the coin. So currently, my conclusion in this video is very simple. I want to make it clear with everyone that there is no real price behind it. Even if there is a real price behind it, it is unofficial. It varies from one location to another location. There are so many people who buy. Okay, there are some people who are selling in the SE in Korea. There are some people who are selling in Beijing. There are some people who are selling in Thailand. They're selling in Indonesia. They are selling in India. So different prices vary from one place to another. So I cannot give the price. So in Indian price, so in Indian location, because I'm from India, I know some unofficial Pi buyers, but I won't recommend you. I will never recommend you to those people to you because I don't want your coins to be in danger. So their price, the Mumbai people who are in India, who will buy from the big giant of unofficial Pi buyers. Their price for one token is somewhere around $0.3 to $0.6. It varies from one another. And if you go into Korea, if you go into some locations such as Indonesia, the prices might be more than that. It might be $3, $2 or somewhat like that. So my conclusion is very simple. Don't fall for any YouTuber's video who are telling that this is an official price. You have to sell for this price, etc, etc. Don't follow those YouTubers. I mean, it's your choice. But my job is to warn you guys. Okay, don't fall for this kind of price. So today it is $0.39 over here. Just tomorrow it might go back to $50. And day after tomorrow it might go to $100. It might come back to $0. So these kinds of things work on manipulation. And a lot of people try to, gain the manipulation in certain markets. So try to avoid as much as possible. And I've always told you, always wait for the official listing, always wait for the official exchange listing and partnership because Pi Network has never announced it. And it's clearly written in the Coin Market Cap. And people still don't understand this. Because it is clearly written over here, mainnet has not launched yet and price display is exchange reflected, which is unregulated and which is unofficial. They have clearly written over, just so, just read it. If you don't know English, just try to translate it into your own native language and try to understand these basic principles. So, I think that's it for today's video, guys. Like and share this video as much as possible and I'll be meeting you in the next video. Until.
Q: What is the Pi Network or Pie Coin?
A: The article discusses the Pi Network, also known as Pie Coin, and addresses the confusion surrounding its real price.
Q: Why is there confusion regarding the real price of Pi Coin?
A: The confusion is caused by conflicts, misconceptions, and chaos spread on the internet, including by some YouTubers. The price has varied significantly from $50 to $0.3, leading to scams and manipulation.
Q: Is Pi Coin available for selling on exchanges?
A: Pi Coin is not officially available for selling on exchanges. Unofficially, Pi can only be sold from one wallet to another in a barter-like system, as exchanges do not support Pi withdrawals and deposits.
Q: How can Pi Coin be sold unofficially?
A: Pi Coin can be sold unofficially by finding a buyer willing to pay in a direct peer-to-peer transaction through the Pi browser's wallet section. However, selling Pi Coin officially through exchanges is not possible due to restrictions and lack of support.
Q: What is the main issue with selling Pi Coin?
A: The main issue with selling Pi Coin lies in the limitations imposed by exchanges on withdrawals and deposits of Pi, leading to the need for unofficial peer-to-peer transactions for those willing to buy and sell Pi tokens.
