Pi Cryptocurrency - Everything You Need To Know About Pi Coin!
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- Опубликовано: 22 май 2024
- Pi Cryptocurrency - How To Withdraw? Is Pi A Scam? How Much Is Pi Worth? Everything You Need To Know In One Video!
Links mentioned in this episode:
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
In today's video, I'm going to answer all questions you might have regarding Pi Network and its Pi Cryptocurrency.
If you don't have a Pi account yet, sign up using 👉 bit.ly/36ZQfvV and use Pi Invitation Code "RauchenwaldC" (without the quotes).
Read the Pi white-paper at 👉minepi.com/white-paper
If you have a specific question regarding Pi, use the timecodes below to jump straight to your answer.
00:00:00 Pi Cryptocurrency - Everything You Need To Know!
00:43 Is Pi legit or a scam?
01:08 Which invitation code should I use?
01:18 Is Pi "free money"?
05:14 How does mining Pi coins work?
05:55 How can I earn Pi coins?
06:22 Why is Pi Network giving away Pi coins for free?
06:43 How can I increase my Pi per hour?
07:32 Is there a Pi per hour limit?
08:06 Can I close the Pi app and still receive Pi coins?
08:28 What are security circles in Pi?
09:11 Should I only add people that I know in my security circle?
09:54 When will Pi reach phase 3?
09:55 When will Pi be worth something?
09:56 What is Pi currently worth?
09:57 When will the Pi mining stop?
10:47 How many users are currently part of the Pi Network?
11:16 How many Pi accounts can one user create?
11:32 What does KYC stand for in Pi Network?
12:04 What happens with unverified Pi accounts?
12:19 Is the Pi app a cryptocurrency wallet?
12:44 How can I withdraw Pi coins in Pi Network?
16:44 Where can I find the Pi white-paper?
17:00 What else can I do to build wealth?
Is your Pi Network related question not mention in this video? No problem, simply leave a comment down below.
Pi Network was founded in 2019 by multiple Stanford professors with the aim to create a coin that can equally be mined by everyone and does not provide an unfair advantage to people with more money or better hardware.
Pi coin the official cryptocurrency of the Pi network can only be mined until the Network reaches 100,000,000 users, and since there are currently only 7,000,000 users, you still have the chance to become a pioneer and be among the first 10% to mine Pi.
Since mining Pi happens on your smartphone and the mining speed is not determined by hardware or operating system of your smartphone but only depends on the number of people you invite to join your Pi Network it's by far the fairest approach to building a cryptocurrency I've seen in a long time.
The biggest benefit of the current "mine Pi coins for free on your phone" phase is that we can be 100% certain that Pi Network is NOT a scam because it doesn't require any investment at all to get started.
In order to start mining Pi coins on your phone you simply have to follow the steps below:
1⃣ Visit 👉 bit.ly/36ZQfvV and download the Pi Network app.
2⃣ Launch the app and create your Pi Network account, either by using your Facebook account or your phone number.
3⃣ Enter "RauchenwaldC" (without the quotes) as your invitation code.
4⃣ Click on the "white bolt" icon to start mining Pi coins on your phone for free
5⃣ Repeat step 4⃣ every 24 hours
It's not yet sure if or how much Pi coins are going to be worth in USD, but that really doesn't matter that much.
For now, Pi Network and the Pi application on your phone allow you to mine the coin for free and even if the Pi Network project and with it the Pi coin die somewhere along the way, you did not lose anything.
On the other side, once Pi coin reaches the stage at which Pi coin can be traded on popular cryptocurrency exchanges it will have at least some monetary value making this one of the few existing opportunities to get cryptocurrency for free and benefit from it in the future.
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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...
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 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
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?
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
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?
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.
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 :)
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?
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
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 😊
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
I'm a simple man, I see a video with time stamps, I click like.
😂 thanks, I appreciate the appreciation 😂
this video was so helpful, thank you christian
My pleasure. 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.
It will only take a few years, but that's why we keep diversifying our portfolio. Bitcoin came in 2008, way before Any adoption. The knowledge is out and Pi won't have to wait as long at all
Very valid point. BTC had to fight way harder than crypto projects that launch now.
Thank you for making this easy and understanding
Glad it was helpful!
Thanks for explanations
Thanks for watching. 😊
very simple, focused points w/o rambling, and great tips. Thumbs up and subscribed.
Thanks for the sub and for the positive feedback.
bro you explain stuff like a champ💪🏾
subbed👌🏾
Thanks for the sub!
Beautiful presentation 👏 started today.
Thanks 😊 Better late than never. Thankfully mining will still continue on the mainnet as well.
Good video man. 👍💪
Glad you liked it!
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.
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.
thanks for all the info..
My pleasure. Thanks for watching.
Thanks for good information 🙏
Thanks for liking!
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.
Thank you so much for explaining Pi so clearly, now I get it!😊
Glad it was helpful! Thanks for watching 😊
👆🚀👆Always Active mining👆🚀👆
Thank you for the info..
Any time!
Thnx bro for such a useful information 🔥❤️
My pleasure 😊
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...
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.
Thanks for making understand to me..,you explained like a teacher thanks for everything..,
Glad it was helpful!
Thank you so much, I was just introduced to Pi, definitely joining right now as we speak. God Bless
Thanks for the positive feedback. I recommend you check out the updated and more detailed video at ruclips.net/video/PekumsFGWuc/видео.html as well.
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
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.
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?
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
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.
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?
Awesome and subbed from Canada! Happy New Year!!
Thanks for the sub and a happy New Year to you and your loved ones too! You might want to consider joining our Slack community as well, there it's easier to chat and get answers to potential questions along the way (link is in the video description).
Thanks buddy. Great info
No problem 👍
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.
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
Thank you for explaining this clearly
My pleasure 😊 Thanks for watching.
Much love👍👍👍👍
Thanks 😊
Thank you for this informative video
Glad it was helpful!
Please Sir, how can I verify my number, I have tried yet hasn't been successful. I'm a Nigerian
I subbed your a legend
Thanks, appreciate it. And also thanks for taking the time to leave a comment.
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.
Awesome explanation ty so much!
Glad it was helpful!
Best explanation about pi coin
Thanks 😊
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!!!!
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
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
Good point bro
Thanks for watching!
Started mining today thanks for this
Great to hear that. Still almost one year to collect coins.
Nice explained ☺️
Thank you 🙂
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.
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
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!
The era of Pi has come, I will continue to light up the lightning every day, thank you!
🥧 🚀 🌚
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.
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.
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.
nicely explianed
Thanks, if you want to know more about Pi and who's behind it I recommend you check out ruclips.net/video/PekumsFGWuc/видео.html
Thank you Pi. i started mining. God bless & more power.
Glad to hear that. Thanks for taking the time to leave a comment.
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
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.👌👍
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
Thank you for this valuable information. I just sign-up with Pi
Glad it was helpful! Thanks for watching.
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.
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
PI is legit. Earning PI is easy right now. Good job. Educate and have faith...
Thanks for the positive feedback.
I am 35 and I created my own CryptoCurrency.
Good for you... your likely just don't has any purpose or an active community.
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.
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.
@@stressrelief9597 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.
Thankyou for your explanations sir about Pi network godbless and stay safe
Thanks and welcome!
Nice and True
Thanks for taking the time to leave a comment.
@@ChristianRauchenwald my pleasure
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 :)
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?
Hi there I'm new user of Pi network and new supportes
Welcome and thanks for joining.
Thank you for this vid,
Glad it was helpful!
I just registered now , hope am not to late . Only a year remains before the coin release
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
I'm NEVER dumping my Pi
I wish more people would have that attitude.
Hey whats up, Pi fam! New Pi member here.
Congrats 🎉
Helped tremendously!
Glad to hear that.
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
The correct term is "recieving" not "mining", mining provides value.
True.
Very informative...subbed from phils.
Thanks for the sub! You should check out the updated version of this video at ruclips.net/video/PekumsFGWuc/видео.html
Hello eve
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
I'm celebrating 500 pi
Congrats 🎉
I'm going on 100 next month
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 clarified a lot thankyou
Thanks for the kind feedback. I also recommend you check out ruclips.net/video/PekumsFGWuc/видео.html
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.
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.
Thank you
My pleasure. Thanks for watching 😊
👆🚀👆Always Active mining👆🚀👆
Very good explanation. If only people were patient and not so greedy.
Thanks for the positive feedback. Yeah, that's the reason most of them will never achieve anything because they lack patience and want everything immediately.
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 🙃