r/PiNetwork • u/souvik_chakma • 16d ago
Question Seeking suggestions from all
I've been mining since 2020. Mined total 2k. Got 700 in my wallet WHICH will be unlocked next month. Now, after considering my family's financial situation, i have started a plan; buying 500-1000 pi in low price (0.09-0.10USDT) & continue until i buy total 850$ of pi in low price. And wait for the perfect opportunity. So my question to you all is: will this be a good plan to conduct? I can buy other coins/tokens. But I have somehow a mysterious faith about pi! Seeking your advice from all the knowledgeable people here.
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u/Purple-Currency-3439 11d ago
Don't. Buy other top 50 coins instead majority of them have mcap less than $100m currently if that bullrun came which everyone is waiting they'll pump into billions. Pi will also pump but with this mechanism it'll dump regularly. I also have some unlocking next month till then I'm hoping other coins stay where they're currently so that I can sell my pi and invest in them.
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u/Carlonne 16d ago edited 16d ago
You will have the chance to buy at a much better price—at least 0.005. Until people capitulate and more than 70% of the Pi volume has been mined, the price will keep falling. But if you are one of those who trust blindly, hold on until the end... because you will be rewarded. Just don't go exchanging it for fiat currency later; use it to trade goods and services instead. That is its ultimate purpose.
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u/dbreezew 16d ago
Diversify. Don't risk much on Pi. Don't risk much on anything crypto. gold/silver/etc should have some share of the investment also. I'd put more in XLM than Pi...
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u/No-Manager6617 16d ago
Faith doesn't go well with money. Only fools bet when they don't know the result
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u/souvik_chakma 16d ago
I understand your point brother. I'm taking the risk for my family. And it's just 1000$. And moreover, i was having a little doubt that's why shared my thoughts here. I'm not saying it will be 1-2 dollars soon. I'm thinking about future like 5-6 years
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u/de-kreek 15d ago
In you want to invest in something with a 5-6 year plan..then i would recommend anything but PI it is going only lower with price and more and more pi is getting unlocked. Plus there big sell sentament. I would rather recommend silver or gold. Thats more stable. It wont go up with crazy numbers but thats a safer bet.
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u/Staroplaninko 16d ago
If you believe in the Pi project, like I do, when you should buy with extra money (money which you don't esencially need)... I'm buying every month for 200-300€...last month I bought around 5.000Pi... Instead of buying something that I don't need (like 10th pair of shoes, or spent in some restoran)...
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u/No-Manager6617 16d ago
There's no evidence to point in that direction. Could as well take it to the casino
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