I first heard about the PI NETWORK a few years ago, but it was not until recently that I learned it was launched in 2019. It was essentially just a mining app that required no effort; you simply logged in every day, checked in, and turned on the miner.
However, you will need to conduct thorough KYC and keep your mining app updated.
The funny thing about this app mining was that almost everyone who was not mining it called it a scam, and even those who were mining it almost believed it was a scam, but they did not stop mining due to the sunk cost fallacy.
Furthermore, the network introduced some crazy staking periods, such as 2 to 5 years, and most people regard long-term staking as scam behavior.
Overall, there was a lot of "vote of no confidence" in PI NETWORK, and the scam comments and record were the main reason many people did not bother.
Another issue was that the mining lasted six years, and many of the pioneers likely gave up along the way.
Some people were unable to complete the KYC and gave up along the way, while others staked their coin for five years, most likely due to carelessness or underestimating the project.
Time taken is no excuse to Fade
Before the launch day, many Twitter influencers swore that the PI token would be worthless, and promised to leave X complexly if it did.
One Twitter influencer shorted PI with $100,000 because he believed the project was a shit project that would fail after launch. The project released tokenomics prior to launch, but many Twitter influencers predicted that it would fail.
Guess what?
The project launched a token worth more than one dollar and did a X3 in about two days. People who shorted the token, however, suffered enormous losses as a result of their overconfidence.
So here's the interesting part. People have made up to $50,000, $20,000, $10,000, $5,000, and so on. While this is not generational wealth, it is enough money to prepare you for the upcoming run.
Now, one could argue that it took six years to make such money, but if someone told me I would be dedicating 5 to 10 minutes per day to earn $10,000 after six years, it is a no-brainer.
You Have time, put it to use
5 to 10 minutes per day is less than the amount of time people devote to binge watching their favorite TV show or watching funny videos on TikTok. However, the concept of expectations is what makes it difficult to build.
Every day, incredible things happen in the crypto. People make a lot of money by building things and putting in the time, but the process of putting in the time and effort is the difficult part.
Many people want to be sure that what they're putting their time in will actually pay off, when they can actually just shut down this logical and financial calculating process. Sometimes the things that pay do not make sense, so they write them off.
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Someone made $17,000 on one project with which they interacted, and what is even more surprising is that they did not do it for very long.
If you do not try, you will not get lucky.
Crypto is about conviction; you must have faith and conviction. Where others are FUDing and doubting, you have the option to remain locked in.
You will have those who see your bags as shit coins or your hustle as a waste, but you must believe in something, devote time and effort, and block out all external noise.
A lot of things are going to happen in the space in the next 6 months, and unbelievable things as well. You cannot watch and fold your hands; you have to believe in something and put effort into it.
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The thing about all these crypto mining is that no one knows which one will pay off but like u said, if you do not try, you will not get lucky. It's all about having information about a Project, DYOR, and if it interests you, then make effort... keep trying for that lucky day. Since it's not something that requires too much of our time daily, it worth giving an attention..even if it's two to three projects to get involved with, it's a good try, hopefully one will cook
Actually it's telegram mining mining that destroyed everything. Folks that started hunting and mining in 2023 till now, I mean the serious ones have earned over $5000. So telegram or ton projects are not advisable. Over 95% of them are trash.
I agree, if you don't try you surely won't win! I hate KYC, and I'm not participating in PI to be fully transparent. But in crypto if you sit on the sidelines you can't win big, welcome to life! I do hope you and all those participating make a fortune!
!hiqvote
I didn't participate in PI and there are honestly a bunch of things that needs KYC out there. I hate it too and it's tough to even find projects they are promising like PI without the KYC.
I'm just hoping alt season can come sooner so I can join the ones that needs funding.
At some point I looked into installing Pi on my phone, but didn't work on an old phone I had trust issues installing it on my current phone (at that time). At least that's how I remember things.
But I agree, sometimes a small thing you do now could pay fantastic dividends in the future. Of course, many times it's not the case, but it's ok if only a few work, but work really well.
I heard about it over 3 years ago, but I didn't really inquire about it because I didn't really know how mining worked and I didn't put any effort to actually checked out what it was.
$10k for example is a serious dividends. The only problem is that one wouldn't have known it could pay off, and that's why we just have to trust something, I guess that's the risk we have to take.
What trust issues did you have with installing it on your new device?
Like all apps, wanted a number of rights cleared for them on my device, and I didn't think something in the testing phase should have gotten privileged access to any area of my phone. At least that's what I remember it was the problem.
Yeah, that was wine shady demands. I think for me, I didn't really see it like an app I wanted to use, so I didn't even bother to check and see if I wanted to mine or not.
I remember learning about it in the past also, and I didn't spend much time there. It's good for the people who stuck it out because it did finally release. I think that the wait was just too long for too many people. I didn't participate because I didn't want to install it on my devices.
Yeah, installing it was an issue for many people. For me I didn't pay attention to it. However there are people who paid attention to it and here they are. I think the mining also took very long, so I think this was a big problem too.
Actually from the beginning I was about to fall for that scam story. But I thought within myself that I was not paying oi a dime so I can't loose. Thank God I stocked with it till date. I was happy when it listed at that price.. Now it has saved a lot of lives out there.
So you finally get to sell yours?
Yeah, eventually. But not everything tho
How many coins you have? I have about 1200 but stopped mining, so now I need to mine for 30 days before I can do the kyc.. Indeed not life changing but still really nice money for practically doing nothing
I didn't mine and that's why I made the post. I felt some of the people who mined made some decent money which was good for them as many influencers or people didn't believe in PI
I really really pained I lost my password and all. A friend of mine introduced it to me, I mi me Ed for some while and left it, I didn't know what airdrops really entails then. I wish I can find promising airdrops now am really going to be serious with it.
If you want promising airdop than you have to go for it, do your research and make some serious sacrifices. People on Twitter are making serious money with mining projects, although it's not easy
Yea. Thanks a lot. Am doing my research,yea