I think the best thing we can do is start buying and selling with Pi on the marketplace. That way we are not dumping tons of Pi in exchange for real world money (pennies) but generating perceived value (its only value) for Pi. And obviously we would need to only use a portion of our Pi coins and hold onto the rest.
Same here, maybe not until I retire but besides spending a hand full of coins to help give the coin a "purpose" I'll also HODL the majority of my coins for at least a couple of years.
I think some people are desperate for an answer if PI is worth in the short term. I suggest to see PI as a very long project and investment. The idea behind it seems good, so if you can’t live with, keep moving on.
💯 agree. But those that just are looking for a quick buck will anyway dump their coins on day #1 and after that the real value of Pi will establish itself over time.
💯 agree. Likely the value would drop initially and all those that lack the long-term perspective will just sell. After that it should recover nicely over time IMHO.
1. Join the Pi Network 👉 bit.ly/GetFreePiCoins and use invitation code "RauchenwaldC" (without the quotes) 2. Join our exclusive community 👉 bit.ly/JoinTheGroupChat 3. Read the Pi White Paper at 👉minepi.com/white-paper 4. Check out our portfolio at 👉bit.ly/3lKObMx 5. Let me know which topic you want to see next 👉 bit.ly/TopicsToCome
@@pineapple8939 and? If you invest hundreds of hours of your time to grow a RUclips channel or any other kind of platform like, for example, a Facebook group, your own blog, or something similar... don't you think it would be fair that if you then spend your time to learn about something and share it with your audience in an easy to understand fashion it would be just fair that you receive some benefit in return?
How he went from english with his own language tone mixed. To almost perfect english. Sorry just noticed it. But overall a great video. One of the best explanations
Hehe when we talk english over things we really enjoying do or are very dedicated in what we speak, we confen, kinda get the pictures flowing in front of us ;) Dunno how to explain this but i know this "phantome" hehehe .Thanx for good and easy understanding explain.. Keep it up -- free4aLL SYL hckteplnt.Farük
im young and my dad told me to download pi and i was scared about it but since other people use it and there are videos about i feel more safe about it
Thank you for your explanation of the Pi Universe! I am still fairly newish so I am still learning as much as I can before I get into the Nodes and KYC. You did a fantastic job!
If you think about it all that is needed for a crypto currency to be viable is scarcity. Bitcoin achieves that by making it harder to mine as more bitcoins come into the market. Apparently Pi controls the scarcity by downright setting a user count, when it's reached, mining is no longer possible and Pi starts to become scarce as more people demand it. Honestly I think it's a genius idea, it's user friendly, and way more environment friendly than bitcoin since there's no power consumption needed.
Creating an userbase with a worthless token is not making is scarce. If you give free facebook tokens with no usecases to all facebook users, does not make this facebook token to have value.
The value of every currency orginates in the believe of users in that value. If you think Pi Network coins are worthless, please watch ruclips.net/video/tiGCVkO24Bs/видео.html
Been mining Pi for a few months now. Love the idea and this video has been incredibly helpful... I also am on Bee as well. 🙏🤘💯👌 Thank you for the awesome, insightful video.
My brother-in-law invited me to Pi today (6/24/21) and I never thought of gathering cryptocurrency before. Hopefully I can earn more money by the next 10 or so years.
Is there a update to this video or do you plan to do one? I absolutely love that you speak in simple english for us beginners to understand and learn...I have literally watched 20 videos before yours and was about to just call it a night and try again tomorrow. So thank you so much you have no idea I totally understood all of this and have learned so much. Please keep doing videos like this......
Thanks for the positive feedback. Yes, there will be an update soon. In the meantime, I think ruclips.net/video/PekumsFGWuc/видео.html is the most complete video.
Is there a update to this video or do you plan to do one? I absolutely love that you speak in simple english for us beginners to understand and learn...I have literally watched 20 videos before yours and was about to just call it a night and try again tomorrow. So thank you so much you have no idea I totally understood all of this and have learned so much. Please keep doing videos like this.
Thanks for the positive feedback. I try to focus on what really matters and not get lost in the technical aspects. Regarding Pi I think my video at ruclips.net/video/PekumsFGWuc/видео.html is for now the last about Pi Network. The reason for that is that Pi has made so much progress that there is little doubt left that we'll reach the mainnet soon, and while there are/were still important milestones like the launch of the test-wallets to test the test blockchain, none of that is really important when we don't want to jump into technical aspects. The last challenge Pi has to face is how the KYC process will work for the millions of Pi Network users that didn't get one of the few hundred thousand YOTI slots that were available so far. And once there is some news about that, I might make another video. In the meantime, I'm trying to catchup with other projects and provide updates there as well.
Update I have 250 Pi coins now 🤑🤑 hopefully that $100 per Pi coin value holds when phase 3 hits and is exchangeable!! Reference code: NATEYNATE93 Pi network app!!!!
Thanks for taking the time to leave a comment. Glad you where able to take something positive away. If you want to know more details about Pi and who's behind the project I recommend you check out ruclips.net/video/PekumsFGWuc/видео.html
Thanks, Christian this is a very informative video, and I have got my answer for my questions about Pi. I have one more question about trading by using Pi coins in the future. As you mentioned, is it going to be possible in all countries to buy a pizza or to pay for the items that we buy through eBay or Amazon etc. Who is going to make these companies accept payments by Pi coins?
Nobody can guarantee that Amazon or any other company for that matter will accept Pi, but once it reaches phase three and is listed on an exchange you can always just sell a few coins for FIAT and than use that money to pay on Amazon. Or like it works right now - as shown in ruclips.net/video/ajCEGLNLNJo/видео.html - you could pay another Pi Network user in Pi coins and he/she then orders for you on Amazon and pays with his own money.
You should update this video because there are changes since it was posted. The mining rate is way lower now. The app is not a wallet. Anyone in your security circle who quits mining or doesn't pass the KYC security part means that you will lose all the bonus PI that you got from them being in your circle. This video is really decent for the time it was made but that was a year or more and PI has already gone to MainNet
And if you take a look at my channel you'll see that I'm constantly providing updates about what's happened since. ruclips.net/user/ChristianRauchenwaldvideos
Hi! Don’t know if you’ll see this but I wanted to ask, can I invite someone to pi without having them apart of my circle? I would like to keep my circle only family
The video at ruclips.net/video/PekumsFGWuc/видео.html should answer that question. Also, make sure to check my channel during the next couple of weeks, as I'm currently recording a video explaining how you can already use some of your coins.
Great video, definetly thank you for explaining the whole thing, but i have one more question; is it too late now to start "mining" pi so you actualy have more than 50 pi before the faze three and so on
I came across the comments about Mrs Victoria Olga and I must say she is a genius. I have made huge profits from my investments with her. He’s trading strategies are top notch coupled with the efforts he puts in work to make profits i watched her on fox she was amazing.....i am definitely writing her , i can't miss out on this opportunity
Thanks for the informative video - very useful. Do you know roughly how long it takes for the pi team to verify my 7 steps? Been in the queue now for months. Thanks again
The last step is currently manually done on the team's end and AFAIK they focus on getting the last KYC issues worked out before the next migrations are going to happen. In short, nobody knows right now how long it will take but I'd expect at least a couple more weeks.
That’s for this video bro I really appreciate this a lot and u hit every question I needed to be answered and man I got only family on my team. We missed bit coin y’all so dnt miss out on this
currently the only need a telephone verification which will happen from them sending you a text message with the verification code or you can verify your account with your Facebook
Hi. I wasn't able to change my nickname to my real name and it was way past 14 days. I can't edit it anymore. What should I do? I am FB and cp # verified
Interesting video, but my question to you is: how do we know Pi will certainly reach phase 3? What if the project fails and all this mining goes to waste? Is there a guarantee that Pi will actually become cryptocurrency one day?
Thanks, just join our Discord server (link is in the video Description) and there we have a dedicated channel to find people to add to your security circle.
Sorry but if you are to impatient and consider it too much effort to press a button once per day to maybe get a ton of money in a few years from now then you'll never achieve wealth because there is no fast and easy way to get there. Pi is a great opportunity because even if the project fails you only lose 5 seconds of your time per day and if they succeed you may suddenly look at a lot of money.
@@ChristianRauchenwald That's right, there is no fast and easy way to get there. Why do you believe Pi Network is then? when all you have to do is to press a button which is not a feat...at least for most of us.
Hi I have 2 question if you can answer me I will be so appreciate. First question is can you please tell me about kyc awhen will it release and what is that for. The second question is are the yoti and kyc are the same or do we have to have both? THANKS
Wait so your prediction is 100 dollars in a few years? Well its hard to belive concidering me having around 5000 pi already and i am still mining. That means i have over 500 000 dollars in a few years? Great video btw
No, my prediction is that we don't know the actual value until phase 3 is reached. Only with phase 3 will we know the total supply AND coins from all unverified users will get burned (which means you'll lose some of your 4k coins from users you invited that don't verify their accounts). After that, the actual value will depend on how many users actually use Pi in their daily lives (supply & demand) and if demand increases over time so will the price per coin because the supply is limited. So, it is possible that Pi will achieve a value of $100 in a few years, even if it sounds crazy right now. Don't forget, in 2010 somebody paid 10,000 BTC for two pizzas and now those coins are worth $130,000,000 and that happened because there is demand for BTC and the supply is limited to 52 million coins.
Same, I have over 5000 coins which is kind of thrilling to see how much it will be worth in the future since I will most likely reach 10k before mining completely stops, it could change our lives
One question I do have is about the market cap of pi coin on the network, I don’t know if you mentioned this in the video but if you did maybe I missed it. My question is will they lower the market cap as the coin gains more attraction and more trust? I feel like this is a big factor in the price of the coin. If there is too much supply of the coin the price will always be low.
There are already more than 2 TRILLION USD in circulation and they just voted to print another 1.9 TRILLION yet the price of most essential items, like groceries, hasn't doubled. So, sure supply plays an important role but it's by far not the most important factor if you currency is in demand and has a huge userbase that uses it. Pi can't reduce it's supply and until we reach phase three and all coins of unverified accounts get burned we won't know the total supply. The supply is, however, for me one of the least important factors because it means nothing if there isn't an active userbase and ways how you can use the coin.
Someone in the pi management should create pi staking pools for after phase 3 so people can't take it out for 3 or 6 months for an increased earning rate of course. This might further protect from mass dumping.
You could read the white paper or watch the first few minutes of ruclips.net/video/PekumsFGWuc/видео.html that should provide you with more detailed answers.
This is just easy...scam or not, you're not losing anything, just mine and wait for it to get to d third phase and we'll see Yes, d video is long but u should listen to him, he's spitting d real deal
I agree 100%, nothing to lose here. Thanks for the kind feedback. Actually, I made another video that's more detailed at ruclips.net/video/PekumsFGWuc/видео.html and is not just me talking but showing actual proof for everything I'm saying.
The best time to plant a tree is 30 years ago. The second best time is today. So, you found the video at the second best time 😉 but I recommend you also check out ruclips.net/video/PekumsFGWuc/видео.html
ima try come back to this video 7 years later and we have a lot of money
I'm actually quite confident that by then Pi will have established a decent value. Even if there is an initial sell-off by users. 🤞
Yup same here
Looks like it’ll be very soon.
I believe the creators of the app are making a decent amount of money from the advertisments in it.
Does it matter that the company is making money? You're literally a shareholder @@koppilork
Thankyou. Glad I found this video. Been doing it for a yr and still had no clue how pi (or how crypto) works. I better understand it now.
Glad it helped!
Hello I want to introduce you to a good and profitable platform where you can invest and earn more profit within 24 hours...
I think the best thing we can do is start buying and selling with Pi on the marketplace. That way we are not dumping tons of Pi in exchange for real world money (pennies) but generating perceived value (its only value) for Pi. And obviously we would need to only use a portion of our Pi coins and hold onto the rest.
💯agree. A Pi marketplace to trade products/services in exchange for Pi would be the perfect thing to give Pi a value.
@@ChristianRauchenwald I think a great start to this is ART
Hello I want to introduce you to a good and profitable platform where you can invest and earn more profit within 24 hours...
Hw far
Been part of the network over a year now and have 3585 pi, hope this keeps going well. I am planning on hodling until I retire
Same here, maybe not until I retire but besides spending a hand full of coins to help give the coin a "purpose" I'll also HODL the majority of my coins for at least a couple of years.
With this referral link
We have 8000
How’d you get so much in 1 year?
I think some people are desperate for an answer if PI is worth in the short term. I suggest to see PI as a very long project and investment. The idea behind it seems good, so if you can’t live with, keep moving on.
💯 agree. But those that just are looking for a quick buck will anyway dump their coins on day #1 and after that the real value of Pi will establish itself over time.
Congratulations to the Pi network family thank you for bringing the world closer to riches 🙏🙏🙏🙏
Time will tell if it brings us closer to richest, but the project definitely has a lot of potential long-term.
I want to add you to my security network...you interested?
I'm a simple man, I see a video with time stamps, I click like.
😂 thanks, I appreciate the appreciation 😂
I really hope people don’t ruin this. Do your part, don’t be a jerk
💯 agree. Likely the value would drop initially and all those that lack the long-term perspective will just sell. After that it should recover nicely over time IMHO.
They could put anti whale selling mech in the code if they wanted maybe they have, but make sure they dont change it in the future.
The legend explaining in detail to all of us about this to help us out 🙌
Thanks for taking the time to leave some positive feedback. Means a lot 😊
I do not know why but I like the German accent while I do not know German language, it is just a beautiful thing to hear!!!
Thanks, appreciate the positive feedback.
1. Join the Pi Network 👉 bit.ly/GetFreePiCoins and use invitation code "RauchenwaldC" (without the quotes)
2. Join our exclusive community 👉 bit.ly/JoinTheGroupChat
3. Read the Pi White Paper at 👉minepi.com/white-paper
4. Check out our portfolio at 👉bit.ly/3lKObMx
5. Let me know which topic you want to see next 👉 bit.ly/TopicsToCome
If you can please tell your yt if they can go to my link I have a yt as well please!
If you use his code he makes money a lot lol
@@pineapple8939 and? If you invest hundreds of hours of your time to grow a RUclips channel or any other kind of platform like, for example, a Facebook group, your own blog, or something similar... don't you think it would be fair that if you then spend your time to learn about something and share it with your audience in an easy to understand fashion it would be just fair that you receive some benefit in return?
📞+1 6 0 6 2 8 3 6 5 4 3
What's the code please?
How he went from english with his own language tone mixed. To almost perfect english. Sorry just noticed it. But overall a great video. One of the best explanations
Thanks for the feedback. If you liked this video, you are going to be blown away by ruclips.net/video/PekumsFGWuc/видео.html
Yea for real lol just noticed that 🤔
Hehe when we talk english over things we really enjoying do or are very dedicated in what we speak, we confen, kinda get the pictures flowing in front of us ;)
Dunno how to explain this but i know this "phantome" hehehe
.Thanx for good and easy understanding explain..
Keep it up -- free4aLL
SYL
hckteplnt.Farük
im young and my dad told me to download pi and i was scared about it but since other people use it and there are videos about i feel more safe about it
Thanks for your positive feedback and for watching my videos. I really appreciate it, and I'm happy to see that my videos helped you.
PI is legit. Earning PI is easy right now. Good job. Educate and have faith...
Thanks for the positive feedback.
I love the idea of pi network. I'm trying to be a bigger part of the network as well. I'm learning new things everyday.
Same here, also love that project, especially with all the progress they made during the last 6 months.
Wanna know how to trade the coin
@@jonesbarbara2527 hows that
My cousin turned me on on it, and I hope it turns into what bit coin is today. I am in on the long term and hope for the best.
Thank you for your explanation of the Pi Universe! I am still fairly newish so I am still learning as much as I can before I get into the Nodes and KYC. You did a fantastic job!
Glad it was helpful! Thanks for watching 😊
@@ChristianRauchenwald do you know if there is a date for phase 3?
You are the first one on bee network.. congratulations.. Great job !!!
Thanks, never expected that to be honest.
@@ChristianRauchenwald i hope it's the same case for pi network :)
Have 4 pi after 2 dayes throwing a huge hope in it and never dumping them
Hopefully many other pioneers will also hold the majority of their coins.
I've been mining for about a month and I'm up to almost 70 PI and I ain't dumping mine either unless I really really had to?✌️
What does dumping mean
@@Xlogie10 taking a poop
If you think about it all that is needed for a crypto currency to be viable is scarcity. Bitcoin achieves that by making it harder to mine as more bitcoins come into the market. Apparently Pi controls the scarcity by downright setting a user count, when it's reached, mining is no longer possible and Pi starts to become scarce as more people demand it. Honestly I think it's a genius idea, it's user friendly, and way more environment friendly than bitcoin since there's no power consumption needed.
Creating an userbase with a worthless token is not making is scarce. If you give free facebook tokens with no usecases to all facebook users, does not make this facebook token to have value.
The value of every currency orginates in the believe of users in that value. If you think Pi Network coins are worthless, please watch ruclips.net/video/tiGCVkO24Bs/видео.html
Pls hw can i lay a complaint on pi
The era of Pi has come, I will continue to light up the lightning every day, thank you!
🥧 🚀 🌚
Been mining Pi for a few months now. Love the idea and this video has been incredibly helpful... I also am on Bee as well. 🙏🤘💯👌 Thank you for the awesome, insightful video.
Glad it was helpful!
Is bee simular to Pi? ive been on about 3 weeks now but never heard of Bee
@@ChristianRauchenwald Why does it show you as inactive ?
What is bee
@@codyblack1498 please I'd like to join Bee can you help me?
My brother-in-law invited me to Pi today (6/24/21) and I never thought of gathering cryptocurrency before. Hopefully I can earn more money by the next 10 or so years.
Congrats 🎉 you might want to check out some of the other videos on my channel to learn about a few similar projects as well.
Hi! Thank you for doing this, it clreared up things for me. Started mining today!
Glad it helped! You might also want to watch ruclips.net/video/PekumsFGWuc/видео.html as it provides a lot more information and details.
How much pi do you have so far?
Thank you for the explanation. I mine with Pi app for 3weeks now and still learning to get into the Pi process ahead.
My pleasure. Thanks for watching 😊
This is the only explained video that made it crystal clear as to what Pi is. Thank you so much!
Glad it was helpful! I recommend that you also take the time to watch ruclips.net/video/PekumsFGWuc/видео.html as it goes deeper.
Is there a update to this video or do you plan to do one? I absolutely love that you speak in simple english for us beginners to understand and learn...I have literally watched 20 videos before yours and was about to just call it a night and try again tomorrow. So thank you so much you have no idea I totally understood all of this and have learned so much. Please keep doing videos like this......
Thanks for the positive feedback. Yes, there will be an update soon. In the meantime, I think ruclips.net/video/PekumsFGWuc/видео.html is the most complete video.
Very good presentation. Plain English-straight to the point. Been mining for a year and 2 months.
Thanks, appreciate the positive feedback.
How much do you have?
Is there a update to this video or do you plan to do one? I absolutely love that you speak in simple english for us beginners to understand and learn...I have literally watched 20 videos before yours and was about to just call it a night and try again tomorrow. So thank you so much you have no idea I totally understood all of this and have learned so much. Please keep doing videos like this.
Thanks for the positive feedback. I try to focus on what really matters and not get lost in the technical aspects.
Regarding Pi I think my video at ruclips.net/video/PekumsFGWuc/видео.html is for now the last about Pi Network. The reason for that is that Pi has made so much progress that there is little doubt left that we'll reach the mainnet soon, and while there are/were still important milestones like the launch of the test-wallets to test the test blockchain, none of that is really important when we don't want to jump into technical aspects.
The last challenge Pi has to face is how the KYC process will work for the millions of Pi Network users that didn't get one of the few hundred thousand YOTI slots that were available so far. And once there is some news about that, I might make another video.
In the meantime, I'm trying to catchup with other projects and provide updates there as well.
Just to say thank you for this video, very sensible explanations. Take it easy and all the best, Ed
Thanks, appreciate the positive feedback.
Hey
I thought ‘MC Devo’ was telling me about Pi for a minute 😅 - UK viewers will understand the reference
Not a UK viewer but thanks for taking the time to leave a comment.
Niche response. But if you know, you know!
Genius I just want to get to at least 1000 pi and I’ll wait years I don’t care. I just started today lol I got 2
Congrats 🎉 don't forget phase three will likely happen during late 2021 or early 2022 so you won't have to wait years.
Update I have 250 Pi coins now 🤑🤑 hopefully that $100 per Pi coin value holds when phase 3 hits and is exchangeable!!
Reference code: NATEYNATE93
Pi network app!!!!
My boyfriend just made me join. I don't know much about all this, but this video is a great explanation
Glad you like it. You should check out ruclips.net/video/crnZx1l8oiY/видео.html as well.
Thank you so much for explaining Pi so clearly, now I get it!😊
Glad it was helpful! Thanks for watching 😊
👆🚀👆Always Active mining👆🚀👆
Thanks sir for your explanation I just started mining today myself
My pleasure. Thanks for watching.
bro you explain stuff like a champ💪🏾
subbed👌🏾
Thanks for the sub!
Thank you, Christian I thought it is a scam before I found your video. I have also a PI
Thanks for taking the time to leave a comment. Glad you where able to take something positive away. If you want to know more details about Pi and who's behind the project I recommend you check out ruclips.net/video/PekumsFGWuc/видео.html
Hey whats up, Pi fam! New Pi member here.
Congrats 🎉
very simple, focused points w/o rambling, and great tips. Thumbs up and subscribed.
Thanks for the sub and for the positive feedback.
Thank you for making this easy and understanding
Glad it was helpful!
Thanks, Christian this is a very informative video, and I have got my answer for my questions about Pi. I have one more question about trading by using Pi coins in the future. As you mentioned, is it going to be possible in all countries to buy a pizza or to pay for the items that we buy through eBay or Amazon etc. Who is going to make these companies accept payments by Pi coins?
Nobody can guarantee that Amazon or any other company for that matter will accept Pi, but once it reaches phase three and is listed on an exchange you can always just sell a few coins for FIAT and than use that money to pay on Amazon.
Or like it works right now - as shown in ruclips.net/video/ajCEGLNLNJo/видео.html - you could pay another Pi Network user in Pi coins and he/she then orders for you on Amazon and pays with his own money.
this video was so helpful, thank you christian
My pleasure. Thanks for watching 😊
When Phase3 starts will we be asked to pay for what we are mining now?
No.
@@ChristianRauchenwald if it’s still free to mine why would anyone buy/sell in phase 3?
You should update this video because there are changes since it was posted. The mining rate is way lower now. The app is not a wallet. Anyone in your security circle who quits mining or doesn't pass the KYC security part means that you will lose all the bonus PI that you got from them being in your circle. This video is really decent for the time it was made but that was a year or more and PI has already gone to MainNet
And if you take a look at my channel you'll see that I'm constantly providing updates about what's happened since. ruclips.net/user/ChristianRauchenwaldvideos
I like this guy.he is very intelligent for being so young
Thanks for the compliment. I like to think I look younger than my 34 years 😉
What.?I thought you were a 25 year old dude that likes to understand-discover new methods of cryptocurrencies.Lookin' fresh.
Cryptocurrency is the future, and the future is here
I'm agree with your opinion to hold Pi coin for long term or mid term (3 years or above) as a long term Investment
Thanks for taking the time to leave a comment. How is your Pi mining going so far?
@@ChristianRauchenwald Going great! Currently at nearly 200pi
@@astralmirage6353 nice. Sorry for the late reply, sometime YT doesn't show me all comments :/ I'm sure by now you are at 1,000 Pi :)
I just join pi..so I come here to gain information and perspective..TQ for the video
Thanks. You should actually check out the updated video at ruclips.net/video/PekumsFGWuc/видео.html as it goes more into detail.
Hi! Don’t know if you’ll see this but I wanted to ask, can I invite someone to pi without having them apart of my circle? I would like to keep my circle only family
Yes, your mining team (people that used your referral code) and your security circle are separate.
This is very helpful, I hope pi can have a huge value in the following years
Me too. You also should check out ruclips.net/video/crnZx1l8oiY/видео.html
Very Clear explanation thank you for that info... That's a big thing for me to know that info..
If you liked this video, you are going to love ruclips.net/video/PekumsFGWuc/видео.html
Thank you for this valuable information. I just sign-up with Pi
Glad it was helpful! Thanks for watching.
Thank you now I know a lot about this
Glad my video helped and thanks for taking the time to leave a comment.
Since I am is one who not believe free money, my concern right now is did we mining cryptocurrency or they actually mining our Data.
The video at ruclips.net/video/PekumsFGWuc/видео.html should answer that question.
Also, make sure to check my channel during the next couple of weeks, as I'm currently recording a video explaining how you can already use some of your coins.
Great video, definetly thank you for explaining the whole thing, but i have one more question; is it too late now to start "mining" pi so you actualy have more than 50 pi before the faze three and so on
Thanks. Nope, still almost a year left to receive coins, so definitely not too late.
@@ChristianRauchenwald tnx, good to know
Thankyou for your explanations sir about Pi network godbless and stay safe
Thanks and welcome!
5:42 It works differently - how does it work on a blockchain if it doesn't use internet to connect to the blockchain?
Checkout ruclips.net/video/PekumsFGWuc/видео.html and you'll understand how it works right now.
It does not mine for real. The coins are created by the Pi Core team.
Thank you so much for making us understanding the way Pi work
My pleasure 😊
I came across the comments about Mrs Victoria Olga and I must say she is a genius. I have made huge profits from my investments with her. He’s trading strategies are top notch coupled with the efforts he puts in work to make profits
i watched her on fox she was amazing.....i am definitely writing her , i can't miss out on this opportunity
The correct term is "recieving" not "mining", mining provides value.
True.
Thanks for the informative video - very useful. Do you know roughly how long it takes for the pi team to verify my 7 steps? Been in the queue now for months. Thanks again
The last step is currently manually done on the team's end and AFAIK they focus on getting the last KYC issues worked out before the next migrations are going to happen. In short, nobody knows right now how long it will take but I'd expect at least a couple more weeks.
That’s for this video bro I really appreciate this a lot and u hit every question I needed to be answered and man I got only family on my team. We missed bit coin y’all so dnt miss out on this
Glad my video helped and thanks for taking the time to leave some positive feedback, I really appreciate it.
Yeh this makes sense cuz 10 years ago someon bought a 3$ pizza with 10000 bitcoin if he had been patient he would have become a multi millionare
True, but on the other hand that purchase also finally proofed that there are businesses that are willing to accept BTC.
Must of been a really good pizza 🍕
There are two options available for pi account verification. Do we need to do both options for pi account verification?
I recommend that you watch a few minutes of ruclips.net/video/PekumsFGWuc/видео.html that should answer your question.
@@ChristianRauchenwald many thanks.
currently the only need a telephone verification which will happen from them sending you a text message with the verification code or you can verify your account with your Facebook
Hi. I wasn't able to change my nickname to my real name and it was way past 14 days. I can't edit it anymore. What should I do? I am FB and cp # verified
@@marxilynbrizsicat3104 make another pi acc bud
Beautiful presentation 👏 started today.
Thanks 😊 Better late than never. Thankfully mining will still continue on the mainnet as well.
What should be noted is that there is no guarantees either way, PI value when it launches could either drop or increase...
Yes, the value will depend 100% on how the community uses their coins. If everony just tries to sell it will become a pretty worthless coin.
Thanks for your valuable information about PI Coin. It’s simple n very useful information about what it’s.
My pleasure! You should also check out ruclips.net/video/PekumsFGWuc/видео.html
Thank you for informing us the reality of pi and it's benefits to the world at large
Interesting video, but my question to you is: how do we know Pi will certainly reach phase 3? What if the project fails and all this mining goes to waste? Is there a guarantee that Pi will actually become cryptocurrency one day?
You can find my answer to that question as part of ruclips.net/video/PekumsFGWuc/видео.html
Great video! Where can I find a group where I can add trustful people for my security circle?
Thanks, just join our Discord server (link is in the video Description) and there we have a dedicated channel to find people to add to your security circle.
me
Thanks for explanations
Thanks for watching. 😊
Love how you explain everything and ending massage was really good love from pakistan you earn new subscriber bro
Thanks for leaving some positive feedback :) really appreciate it.
What other similar coin can you recommend for one to start mining, similar to pi coin
Take a look at ruclips.net/p/PLa-uaxRYB-CfI2muXXZUHUhLXxG9cKB5Y
Started mining today thanks for this
Great to hear that. Still almost one year to collect coins.
Good video man. 👍💪
Glad you liked it!
I subbed your a legend
Thanks, appreciate it. And also thanks for taking the time to leave a comment.
Best explanation about pi coin
Thanks 😊
After few years there will be more than 10 million viewers 👍👍..lets mine
💯Pi has huge potential and it's a great opportunity right now.
Way to long of a wait tbh
Sorry but if you are to impatient and consider it too much effort to press a button once per day to maybe get a ton of money in a few years from now then you'll never achieve wealth because there is no fast and easy way to get there.
Pi is a great opportunity because even if the project fails you only lose 5 seconds of your time per day and if they succeed you may suddenly look at a lot of money.
And hopefully more than 10 million millioners
@@ChristianRauchenwald That's right, there is no fast and easy way to get there. Why do you believe Pi Network is then? when all you have to do is to press a button which is not a feat...at least for most of us.
Thnx bro for such a useful information 🔥❤️
My pleasure 😊
Thank you very much for this concise and detailed explanation.
Glad it was helpful you might also want to check ruclips.net/video/PekumsFGWuc/видео.html
Thanks Clears up alot of questions
Glad to help. Thanks for taking the time to leave a comment.
Hello I want to introduce you to a good and profitable platform where you can invest and earn more profit within 24 hours...
Thank you for the info..........
Please tell if the current device broke by somehow, is it possible to log into pi in same account from a new device?
Yes, if you either used Facebook to sign up OR verified your phone number you'll be able to log in on your new device.
@@ChristianRauchenwald thank you very much....!
I'm NEVER dumping my Pi
I wish more people would have that attitude.
Hi I have 2 question if you can answer me I will be so appreciate. First question is can you please tell me about kyc awhen will it release and what is that for. The second question is are the yoti and kyc are the same or do we have to have both? THANKS
Take a look at ruclips.net/video/N3NuhP55GsA/видео.html and no the new KYC verification and YOTI are different but you won't have to do both.
Thank you for explaining this clearly
My pleasure 😊 Thanks for watching.
Depending on the price, I will be buying.
Same here... if Pi is valued really low or if everyone dumps there coins I'll buy some more.
@@hiddenfactstoday wtf then if there's at least $1 value on phase 3 then that would mean....you'd be getting $50m.
@@carlo4393 did u really just say 50k x $1.00 is 50 million?
@@auttoar1515 no you dummy $50k is 0.008 pi if you buy it. But I did and it was all a scam
@@carlo4393 yes because pi has no real value atm. Anyone selling it is lying.
I just started today and i really need to understand everything spend time watching ur video
Congrats 🎉 the video you really want to watch is ruclips.net/video/PekumsFGWuc/видео.html
Thank you for that inside story about Pi .It was very informative and interesting in terms of simple understanding for the common man.
Glad you enjoyed it and thanks for taking the time to leave a comment.
The pleasure is mine.👌👍
Wait so your prediction is 100 dollars in a few years? Well its hard to belive concidering me having around 5000 pi already and i am still mining. That means i have over 500 000 dollars in a few years? Great video btw
No, my prediction is that we don't know the actual value until phase 3 is reached. Only with phase 3 will we know the total supply AND coins from all unverified users will get burned (which means you'll lose some of your 4k coins from users you invited that don't verify their accounts).
After that, the actual value will depend on how many users actually use Pi in their daily lives (supply & demand) and if demand increases over time so will the price per coin because the supply is limited.
So, it is possible that Pi will achieve a value of $100 in a few years, even if it sounds crazy right now. Don't forget, in 2010 somebody paid 10,000 BTC for two pizzas and now those coins are worth $130,000,000 and that happened because there is demand for BTC and the supply is limited to 52 million coins.
@@ChristianRauchenwald thank you for a really great answer. Keep up with the good work👍😀
Same, I have over 5000 coins which is kind of thrilling to see how much it will be worth in the future since I will most likely reach 10k before mining completely stops, it could change our lives
@@mahmudabubakar5816 how long have you been Mining ?
@@fixedgear5920 for around 7 months
One question I do have is about the market cap of pi coin on the network, I don’t know if you mentioned this in the video but if you did maybe I missed it. My question is will they lower the market cap as the coin gains more attraction and more trust? I feel like this is a big factor in the price of the coin. If there is too much supply of the coin the price will always be low.
There are already more than 2 TRILLION USD in circulation and they just voted to print another 1.9 TRILLION yet the price of most essential items, like groceries, hasn't doubled.
So, sure supply plays an important role but it's by far not the most important factor if you currency is in demand and has a huge userbase that uses it.
Pi can't reduce it's supply and until we reach phase three and all coins of unverified accounts get burned we won't know the total supply. The supply is, however, for me one of the least important factors because it means nothing if there isn't an active userbase and ways how you can use the coin.
Thanks for your input! Very helpful and true
I'm celebrating 500 pi
Congrats 🎉
I'm going on 100 next month
Thanks for making understand to me..,you explained like a teacher thanks for everything..,
Glad it was helpful!
I signed in with my apple account.... still need to verify myself?
Yes, every user has to complete the KYC process along the way.
@@ChristianRauchenwald how to do kyc?
Someone in the pi management should create pi staking pools for after phase 3 so people can't take it out for 3 or 6 months for an increased earning rate of course. This might further protect from mass dumping.
That's a great idea, let's hope somebody at Pi will think of it as well.
i still dont know HOW it works, where do the coins come from.
why do i get cash for "nothing", do you sell my info?
are there actually coins?
You could read the white paper or watch the first few minutes of ruclips.net/video/PekumsFGWuc/видео.html that should provide you with more detailed answers.
I have joined today and I hope this works
Congrats. Definitely does. One of my next videos is going to show one of the ways that already allow you to spend your Pi coins.
This is just easy...scam or not, you're not losing anything, just mine and wait for it to get to d third phase and we'll see
Yes, d video is long but u should listen to him, he's spitting d real deal
I agree 100%, nothing to lose here.
Thanks for the kind feedback. Actually, I made another video that's more detailed at ruclips.net/video/PekumsFGWuc/видео.html and is not just me talking but showing actual proof for everything I'm saying.
I have two people and im up yo almost a 100 yay. Im next to wifi all day so just leave my phone running! I hope it all works out for everyone
Congrats 🎉 btw. you don't need to be connected 24/7 - the video at ruclips.net/video/PekumsFGWuc/видео.html explains that quite well.
@@ChristianRauchenwald Yes I know. I just happened to be connected 24 7
How much years is long term
Depends on what you are talking about. In stock investments I consider anything longer than 8 years as really long-term.
@@ChristianRauchenwald thnx
You are really good at explaining,
May god bless you ALL THE BEST
@@sasuto__dragneel8502 Thanks, all the best to you too.
Yeah i was about to say about 10vyears
Nice Video :)
Glad you enjoyed it! You should also check out ruclips.net/video/PekumsFGWuc/видео.html
Well if this thing kicks i hope im not too late
Still almost a year left to get more coins.
Do you think it will be on revolut ?
Highly unlikely. My best guess would be that the first exchange to list it will be ProBit.
why i did'nt find this video earlier :(
The best time to plant a tree is 30 years ago. The second best time is today.
So, you found the video at the second best time 😉 but I recommend you also check out ruclips.net/video/PekumsFGWuc/видео.html
@@ChristianRauchenwald ya I started it mining 🙃