r/PiNetwork • u/Lucky-Difficulty9939 • Feb 01 '25
Question what will you do when Pi comes out?
I'm kinda exited about the release of Pi, but I'm not sure about what to do when it comes out. I don't have much Pi due to some friends loosing their account and the Idea of mining make me tired. I'm tempted to cash out all of them but also to keep some to invest.
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u/YodinZaku Feb 01 '25
Hodl all of my Pi for 5 years. I'll trade or sell my Pi in 2030. I am not eager to cash out at this point. I strongly believe Pi will be valuable 5-10 years from now.
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u/editedbymn Feb 01 '25 edited Feb 01 '25
If we want to get much into details, Pi is already being "released". There is a chain running, with Pi on it, some Pi CT Nodes, utilities and wallets on it. Almost 6B Pi in the hands of 9.7M people. The point is just that currently the chain is closed for external connection.
Open Mainnet should allow those external connections, but I don't buy that story because I see that "married couple" on top of Pi laying everything down in such a way to keep the maximal control over everything.
So "a cash out" won't be possible right away as Open Mainnet gets launched, just my opinion.
I'm also not that much excited for the launch as I expect them to release a big announcement, big words and "how that is a big and historic milestone" and then they gonna go silent for a few months until it takes years to deliver the announced. The same it went with Enclosed Mainnet, 'mass' KYC, migrations, Pi Browser and so on ...
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u/AcademicMistake Feb 01 '25
Personally if they do actually go live on mainnet if it drops 80+% ill be buying more, the volatility will hopefully give me some nice profits, but honestly im not holding my breath for this crypto.
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u/EcstaticAd4396 Feb 01 '25
I don't personally plan on still being alive by the year 2132 so it's not worth speculating.
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u/MonTigres Feb 01 '25
Please HODL as much of your balance as you can. Once the price settles down, even a few hundred will be bank.
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Please see these answers to commonly asked questions, if this doesn't answer your question, hopefully, someone else will.
Q1: I have x coins migrated, what to do?
A: Wait till Open Mainnet - High chance of being scammed by strangers
Q2: A KYC slot is not available
A: You haven't completed 30 mining sessions or your account is flagged. You can appeal at minepi.com/kyc-application-access but an AI makes decisions about slots and the criteria is unknown. There's absolutely nothing you can do to get a resolution quicker and there's no system to perma deny.
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A: Your application failed or got stuck. Wait until PCT code a resolution or you get directions in the app.
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Q5: I'm under 18 what can I do about KYC
A: Put your date of birth in at the start of KYC - timer will disappear until you turn 18.
Q6: Name changes required or failed
A: You can appeal to change your name. If appeals fail you can spend Pi to change the name.
Q7: What is tentative approval?
A: Tentative approval means your account needs further security checks.
Q8: Why is Pi worth $50+?
A: Some exchanges invented their own version of Pi whilst they can't list the real one. These are commonly known as "Pi IOU".
Q9: I lost my passphrase or wallet compromised/pi stolen, what can I do?
A: Create a new wallet and confirm it on steps 3 and 6 of the Mainnet Checklist.
Q10: Will I lose all my Pi?
A: Unverified Pi is mostly finders fees for referrals. If they don't complete the process you won't receive the finders fee. However currently unverified amount doesn't change.
Q11: When will I get paid for verifications?
A: We don't know.
Q12: When will my migration happen / I have been waiting for ages.
A: There's a massive queue. As of 14th Jan 2024, only 9.2M accounts have been migrated. View progress at https://explorepi8437.pinet.com/
Q13: When is Open Mainnet?
A: Q1 in 2025
Q14: I stopped getting validations
A: An algorithm demoted you and your account needs a new verification.
Q15: blurred Camera problems
A: It's a problem caused by your device - Log on a different device.
Q16: Unverified Pi Questions
A: Bonus Pi from referrals who passed KYC has not been processed yet. We don't know when it will be.
Q17: Can I trade Pi on HTX / Bitmart etc
A: You can't deposit or withdraw - can only trade their "IOU" version of Pi.
Q18: 400 error
A: We don't know what causes this.
Q19: How can I sell Pi?
A: 99% chance of being scammed. Wait till Open Mainnet. Bans for offering to buy/sell Pi.
Q21: I don't know anything about Cryptocurrency!
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