could Pi coin become the next Luna?

Hey all A couple of years back, I bought some LUNA, it was great for a while and then it just plummeted. The price was around $6, then it dropped fast to about $2 and I thought it would recover soon, so I swapped some other crypto to grab the dip. Well, that turned out to be my worst trade ever. I picked up more LUNA and within hours it crashed to $0.20, which cost me a lot of money. Then there was this other altcoin, OM Mantra. It was doing really well and shot up from $0.60 to $7 in just a few weeks. I wanted to join in but hesitated because I didn't want to buy at the peak. Good thing I held off because by the time I checked, the price had tanked by 99%, just like LUNA. I've been mining some Pi coins on my phone for free, but I couldn't transfer them to a wallet for ages. They were worth around $2, but now they've dropped around 84%. Seems like a similar pattern, just slower. So, is PI coin the next LUNA? Did any of you sell this coin?

To be honest, what happened to Luna can happen again to other cryptocurrencies. We just don't know which one will suffer the same fate. Now, if you're asking about Pi, if I were to look at its similarity, first, Pi doesn't have its own exchange, unlike Luna, which had FTX, if I'm not mistaken. So, if I had to choose, even though I don't like Pi, I'd probably choose Pi over Luna, which is now Lunc, right?

The case of Luna and FTX did not have anything to do with one another, though. The fall of FTX was accelerated by the fall of Luna, but it was pretty much about mismanagement of resources by FTX administration. What truly happen with Luna and terra-luna had to do with a high yield protocol which attracted many people with their very large percentage (when compared to a traditional bank), and the fact the stablecoins was not baked by anything but algorithms and Luna itself. In the case of Pi, I am not very informed about that project, but almost any project which has not been proven in the long term could suffer the same fate Terra-Luna suffered.

From the very start of this coin many have called this coin as a scam including me. Well, it has proven me wrong because they were able to launch and distributed the tokens for its users. But as the value goes down, it's possible that it's going to the bottom pit. So if the basis is what happened to Luna, the devs of it are total scams. While for the devs of pi coin, they might do the same thing but we don't know when or prove us wrong that they're serious with this project. Nah, I didn't even mined it through my phone. Never.

The point is that not altcoin is fully reliable compared with Bitcoin.no matter how good it may seem to be today. Anything can come up tomorrow, because in most altcoin projects, the developers' main aim is just to make money from their community.That is the reason why many of these projects are just pump-and-dump schemes  not fully controlled by the community. In fact, it's often the team behind the project that holds the majority of the coins. So, with this in mind, it's clear that anything can happen in the future. This is why, whenever someone wants to invest in altcoins, I always advise them to invest only 10 to 20 percent of their cryptocurrency portfolio in altcoins, and to put the rest into Bitcoin.From the very beginning, when some exchanges listed Pi, I didn’t believe much in the project  and I won’t be surprised if it doesn’t end well.

Do you still want to buy Pi? Check the risk and don't slack before buying. I don't see Pi as a potential coin to buy even though the price can be pumped and dumped at anytime. There are so many bad projects you don't have to buy because you can lose your money at anytime. Be careful when investing in any coin even when you are testing to see if a project is going to be profitable.

The hype on Pi is just too much, and if people are not careful, the coin will end up disappointing people. To be honest PI really surprised me because I never believed the coin will be listed. I knew when people were mining the coin, and I wasn’t interested then because I was thinking they will never be listed, but to my created surprise they ended up being listed, and people that mined made some money. But am sure when PI hype dies down, then what we should expect from the coin to be a dump, and with time we might end up not hearing anything about the coin again, so you just have to be careful, don’t be deceived by the current hype in the coin, don’t be surprise that the coin will be dumping by then.

This coin is built on hype so those fall down is somehow expected especially if lots of people buying it before will get tired about supporting this coin especially it doesn't deliver those promises they heard from those people who exaggerate everything about this project. For sure many of its past holders liquidated when price of Pi suddenly drop on its current price. Discussions about this coin decrease and it seems that its hype or noise seems fading out that's why I think that its fall down is inevitable that's why its better for their holder to prepare on possible worse situation that might happen to Pi.

Right now, the price of Pi has dropped again. It’s just a pity that I wasn’t able to catch it when it suddenly dumped to $0.18, and now it’s already at $0.27  it managed to recover somehow, which I think is a good chance again to buy if long-term investors are the ones purchasing Pi. Even for me, I will also try to buy some in small amounts at least, and I think there’s still a chance it might go back down to $0.18 in my opinion. I’ll still try to observe it while doing spot trading activity with Pi.

Pi's chart Luna's chart Just look at the chart of Pi and Luna, these shows similarity. They're all getting dumped so hard, and no recovery. I'd call them gets rugpulled together, but in the different method. Lunai is going down so hard due to the failed of its algorithmic stable token, while Pi is dumping due to the its dumb developers who doing soft rugpull to their believers. This obvious PI is the next luna, but in different way. Apart from that i never sold Pi coin as i never bought this ponzi owned by scam dev(Nicolas Kokkalis). If you have Pi, better to sell them all.

The devs have actually spent years developing this project and now they also have PI wallet and a few really good mainstream applications. People are showing interest and yes, it is based on hype as of now but I don't think this will be the end for PI. The prices are fluctuating but are holding. People will start panic selling if prices go below $0.1. Just a couple of days back, there was a sudden crash but it recovered soon and looks stable at least for now. I won't prefer investing in PI but can hold the PI which I got for free on my cellphone. I don't care if it goes to zero or up to $10. I'll keep on holding but adding more PI is not an option for me.

Not really good option to hold now especially that there's some sudden drop happened and its hard to determine if they could able to recover. Price of Pi coin badly decline and it seems that it will get hard time to recover in current mess they are facing on. But good decision to hold your free earned Pi coin since somehow you don't have any personal funds to lose on that only those efforts you exert from mining Pi. But who knows what you decide to do will make you earn more in future if Pi devs will do something and their coin price will goes up then have a bull run in future.

What happened to Luna could happen to any altcoin. It's impossible to know which will happen, when, how, or why. We can only witness history. We saw what happened to Luna, and many more altcoins will experience this scenario, and we will too. Pi coin is just one of them, and perhaps they have a chance at success. From a distance, they don't have products or services that suggest they will succeed.

You are new in the game and you thought the crypto industry is a come get some money easily scheme. If you want to enjoy pump on any coin at all then join when the hype is quite, I mean, when it has skyrock to the point where it starts to drop till now balance, then you can buy and enjoy the next pump but won't give enough more than the previous. Another hint, join a project when it's still in a hidden stage, when it's on a private sales period, although, it harder to get this so, it's not guaranteed. Pi pump had ended and so mantra with others, don't expect any magic again to happen, the possibility of pi to be like Luna is never clear to me, but any coin collapse.

i don't think Pi network is exactly like Luna, if you check well enough!!! Luna crashed very fast because its stablecoin system failed, while for the case of Pi it is just going down only because it does not have a real use yet and many people are just waiting to sell as soon as they can move their coins to exchanges. if you mined Pi for free!! you are not really losing anything even if it goes to zero. but if you actually bought it with your money, then you should be careful because the price can keep dropping unless the project shows real progress and builds real demand. the big difference is that Luna was overhyped and collapsed in a matter of like hours and Pi is more of a slow decline because of weak utility and too many sellers waiting just to do away with it as soon as they have the chance.

It was obvious, the community was cult like and then there's nothing actually in the blockchain. Not even good defi or anything just half assed defi and thats it. Once people start to take profit and find the blockchain to be stagnating it will dump to oblivion like what happened right now. After all, what you're gonna do with your PI? literally nothing

I'd say this coin is extremely-overhyped. Not to mention, it's "KYC-compliant". Meaning, you're forced to give away your personal information just to get access to your funds. This effectively introduces centralization into the system. It might become the next LUNA, if demand continues to fall. Definitely not worth the investment, imo. For a similar consensus algorithm, I'd suggest you check out IDENA. It can be easily "mined" on your phone, by proving you're a real human on the blockchain. All in a "Non-KYC" manner. Expect market prices for Pi to keep falling, until it becomes a worthless "shitcoin". It'll join the ranks of "meme" coins for the foreseeable future. Only time will tell...

Yeah what happened to Luna can happen to any altcoin, thats just why the risk involved in altcoins is just high, when you invest in altcoins, then you won’t have peace of mind, because anything can end up happening to the coin at any moment and you going to end up losing your money, that’s why I don’t always encourage altcoin investment. If you want to invest and you don’t want to be disturbed after investing, it’s better to invest in bitcoin. If you invest in bitcoin, even if bitcoin price drops, with time it’s going to bounce back, unlike some altcoins.

Back then some people out there actually making a call that Pi will reach $314 price which is ridiculous. The hype is already going down and people just don't care about pi anymore, the big FDV caught me off guard not gonna lie but then people starting to dump their mined Pi. Still, some people make money out of it for mining Pi but it's a bad investment overall. There was even feud with certain exchange back then which refused to list.

Luna and Om mantra wiped a lot of funds out of crypto industry. But, these are not the only two. There have been number of such coins who either rug pulled or ended being worthless due to scammy intentions. That's the reason why altcoins investments have always been this risky as there are thousands of altcoins and it is really difficult to trust these even after a well-performing history. PI coins does have some real life utilities so I have very less feelings about it doing the same like Luna or Om Mantra. I started using PI application maybe 4 or 5 years back and was able to get around 1900 PI. I did sell half of those when they were trending around $3 but they have locked half of my balance because some of my referrals did not complete KYC.