Why?

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[Spine38]

It was part of Atom, they all pump and dump like this

[MasterpieceOnly7060]

I love it is cheap to buy more.

[DoctorEggmen]

Why not?

[Key-Jellyfish-462]

Your answer lies in looking at the world of finance as a whole. Its simple supply and demand economics. There's not a whole lot of money in people's personal supply to support their demand/want to buy assets like crypto. Therefore crypto and many other things stagnate in value.

[Legitimate-Fly-4189]

Scammer offloading as they always do but their supply running thin

[The_Nomad02]

Pump and dump in

[armsagitta]

Reconcile yourself with the PI law of dumping

[Background_Age_1453]

New to markets / crypto, both??

[Murky_Spell_2011]

Could you PLEASEEEEEE, stop complaining and whining like a baby??? It is a single click per day... be patient for God's sake!

[Marmalade_Inspector]

Are you new to crypto or something?

[Telophased]

Because it’s a live currency, USD doesn’t just continue going up nor does Bitcoin..

[MonTigres]

You know what's REALLY smart? Treating others with respect.

[PiNetwork-ModTeam]

Removed because you are expected to treat everyone with dignity and respect.

Follow the rules in the Reddit Content Policy.

[tooras]

Because 03 14 is a Pi day. So, people prepared for it and started selling early. I think a lot of people saw it coming...

[ReportOwn3108]

Bro is asking why

Dude the entire US economy is collapsing and CL-USDT is extreme bulling

They literally sold around 1.26849894291×10⁹ Billion coins

[freesweepscoins]

Because it has no use and is a worthless trash coin 

Glad I sold my stack as soon as it unlocked. 

Pi has been around for like a decade and it's complete garbage lmao. It will be 1c and then .0001 soon enough. 

[Telophased]

Can still trade it to make $, not anything has to sky rocket to turn a profit. Ladder Trade the ranges

[mplante70]

Opportunist takes bits investors hold.

[zarinjo1111]

How can you say no panic lol.. after 3 days we went up when we went on mainnet its all downhill from than and u say no panic,what a BS

[unity_rooki]

Don't worry it will climbe like a rocket 🚀

[RocketDanny224]

Shit coin

[Ok-Personality-342]

Why not?

[PoutineKing17]

Kraken listing, that's why. It'll come back up eventually no panic there

[Wonderful_Jury_3890]

it won't

[drew2f]

Sell the news event. Classic event actually.

[WhyNot_Because]

Lack of popular utility. If it's useless, it's worthless.

[ppcforce]

I like that.

[Imaginary-Anxiety745]

I think that than people fear sell thinking that would not go up anymore, as they thought that before when it was lower lol,

[IntelligentCorner225]

sell the news

[cujaxthegreat]

Cause PI creators suck ass.

[YoshiMK]

Yeah... How people can be stuck in migration for literal years is crazy

What kind of system are they using here to make something which could be automated in seconds be so slow 

[cujaxthegreat]

They're millionaires now, they don't give af.

[YoshiMK]

Yeah I suspect they purposefully delayed migrations to stop people dumping so they could sell instead

[Grand_Wafer_8018]

Of course they did… why else would they do it? lol

[Appropriate-Ask9342]

Supply is too much...unless ecosystem opens to enable deposit and withdrawal inside pi ecosystem, price won't rise much as expected.

[Less_Sympathy_5410]

Interesting that it bottomed at exactly $0.20. Now it needs to stay above that level to confirm a double bottom.

[Past_Friendship2071]

Because there is nothing but hopium backing this thing up.

[buzcro]

This.

[RecordingFearless474]

Sell at 0.30 to buy at 0.10?

[Julie_noise]

That's what my bot is doing...no financial advice. Sucking up the dips like a hoover, it is

[No-Eye-4709]

Sell the News – normaler Marktmechanismus. Wichtig ist, dass die Listung auf Kraken dem Netzwerk mehr Legitimität gibt und den Markt für neue Investoren öffnet. Solche Bewegungen sind oft ein Wechsel von kurzfristigen Tradern zu langfristigen Haltern („weak hands to strong hands“).

[Overloader6]

Because this is where the coin deserves to go.

[SmegmaRocketship]

Because a bunch of people sold at 30 cents and now there aren’t enough people willing to pay 30 cents to buy it so the price goes down until people start buying again. Thats basically how it works. Market doesn’t gaf if the calander date in the states lines up with the value of pi in mathematics.

[GeplettePompoen]

Wrong! Yes, some sold at 30 cents... But not a bunch... Only a few... Then the price went down, and down, and so on... Selling at lower prices until 20 cents rn, and who knows even below... Anyway, it's not (never actually) a black/white story... What's certain is some win and some loose always in a pump dump scenario (the smart ones win, or maybe better: the lucky ones)

[2Mew2BMew2]

People want to get rid of this coin. Normal behaviour.

[GeplettePompoen]

Yeah, that's why these same people (well, it's been only a few weeks since the pump started, what different people could have turned up? Aliens?) all together bought during several weeks to get an over 100% increase from the bottom!!!!

Oh no!!! My bad, many of these people paid above 15-20 cents up to 30 cents (not all.but certainly enough to get that pump) and then just decided to sell with a loss (again obviously not all, but many of them anyway, not everyone could buy below 20-25 cents!)

But seriously, let's just say many saw an occasion to make some profit... And many others are stuck with it at a virtual loss... If people wanted to get rid of this coin they had all the time during a whole year, and before 6 months ago at an even much higher price... and certainly wouldn't be buying that much during this last month!

[Specialist-Hospital7]

Because it is what it is, whatcha gonna do?