PI COIN FAKE LISTING ? PI COIN LATEST NEWS | PRICE UPDATE ON PI COIN | MARKET SUPPORT
Overview
The video discusses recent confusion surrounding the listing of Pi coin on trading platforms. The host explains that there are conflicting reports—some suggesting that a listing has occurred, while others claim it’s fake. The video aims to clarify what this means for current and prospective Pi coin users.
Key Points Explained
Confusion Over the Pi Coin Listing
- Fake vs. Real Listing:
The speaker highlights that although a listing for Pi coin appears to be visible (for example, on a platform called Big Date), many believe this listing is fraudulent. There’s uncertainty about whether the Pi coin is genuinely being traded. - Price Observations:
The listing shows a price (around 0.63, as mentioned), which has raised doubts. Alongside this, there are reports of an unusually high trading volume and significant price drops—factors that further contribute to the skepticism.
- Fake vs. Real Listing:
Reports from Reputable Sources
- Economic Times Mention:
The video references a report from Economic Times, which discusses a sharp drop in the coin’s price (over 55% drop is mentioned) and lists several factors behind it. The host trusts this source, suggesting that the report supports the view that the current listing might not be genuine.
- Economic Times Mention:
Impact on Pi Coin Holders and Potential Buyers
- For Existing Holders:
If the listing is indeed fake, those who have already sold their Pi coins on this platform might face losses. The host warns that a fraudulent listing could hurt those who have engaged in trading based on these unverified listings. - For New Users:
On the other hand, if you don’t yet own any Pi coins, there may be no harm. The Pi network is still active, and you can continue to mine (earn) Pi coins for free. The host implies that waiting for a confirmed, legitimate listing could be more beneficial.
- For Existing Holders:
Official Guidance and Patience
- Wait for Confirmation:
The official stance from the Pi network seems to be to ignore the current confusing signals. The host emphasizes that a genuine listing will occur when conditions are right, such as on trusted exchanges like Binance. - Avoid Unverified Investments:
Users are advised not to invest in any exchange right now, as the current information may be misleading or outright fraudulent.
- Wait for Confirmation:
Recommendation of Trusted Platforms
- FIU-Registered Platforms:
The video advises viewers to use platforms that are registered with the Financial Intelligence Unit (FIU), as these are more likely to be secure and trustworthy. - Platform Demonstration:
The host shows a platform (referred to as Coin DCS) where you can view market data related to Pi coin. He also mentions that registering via his referral link could offer benefits such as lower trading fees.
- FIU-Registered Platforms:
Disclaimer and Final Note
- Educational Purpose Only:
The host clearly states that the video is for educational purposes only. It is not intended as a recommendation to buy or sell Pi coin. - Stay Informed:
Viewers are encouraged to remain patient and wait for further, verified updates from the official Pi network before taking any action.
- Educational Purpose Only:
Summary
In short, the video explains that while a Pi coin listing appears to have happened on certain platforms, there’s a strong possibility it is fake. This has created confusion among both current Pi coin holders and potential new users. The advice is to stay cautious, continue mining if you haven’t bought any coins yet, and wait for a confirmed listing on a trusted exchange like Binance. Additionally, using FIU-registered platforms is recommended for better security and trust.
This structured explanation should help clarify the main points and the overall message of the video transcript.
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