Why do some exchanges show Pi coin with real value

Wallets and Exchanges Forum
1

I haven’t checked this project for a long time until recently.

I am pretty sure the coin is not available to trade for cash. There seems to be something I don’t understand.

2

This forum is a joke

3

No exchanges have Pi listed. Pi hasn’t moved to the open mainnet yet. Everything right now is just an estimate. If it ever gets listed, the price will drop initially and then slowly start to rise.

4

Holland said:
No exchanges have Pi listed. Pi hasn’t moved to the open mainnet yet. Everything right now is just an estimate. If it ever gets listed, the price will drop initially and then slowly start to rise.

The price can’t drop because, as you mentioned, Pi isn’t listed yet (and won’t be until the Mainnet opens).

And no one knows what the price will be because 1. there is no fixed price for anything, only the last bought or sold price, not even the next one. 2. You can’t know how all the millions of Pioneers will act…

… maybe they’ll only sell their Pi from the past years above a certain price, or maybe they’ll buy more if it drops below a certain price, or any mix of those possibilities (or the opposite)…

… you’re just making guesses (and using an IOU price as your base), while this kind of situation has never happened on this scale… Just wait and see, this forum has less than 0.2% of total engaged Pioneers, and most don’t comment or post, so don’t take this forum as a sign of what everyone thinks.

5

@Rebel
True, the price can’t drop now because the mainnet isn’t open. But don’t fool yourself into thinking it won’t decrease when people finally can sell. The pressure to sell will be really high, and the rush to sell first after so long will definitely cause a drop. Eventually, the price might go back up but be prepared. Just look around and see many times this has happened before.

6

@Holland
(3) Just to clear up: would you really sell your entire wallet with about 250 Pi for a few dollars once you get the chance?

I think you might wait to get a few hundred or thousand dollars (which would probably only happen if you have a lot of Pi like in the early days of Bitcoin, considering Pi’s much larger max supply).

7

@Holland
(2) don’t forget the wide distribution, which is an advantage for higher and more stable prices, but only if it can prove its use. Otherwise, it will be worthless and dumped quickly.

8

@Holland

  1. Who said I’m fooling myself? Did you read my comment… I consider all possibilities

  2. You keep making the same mistake: it can’t drop because there is no price…

  3. About selling pressure: again, as I said, that’s just a guess (re-read my last response)… you’re describing past movements of coins, which is normally safe, but this is the first coin in this situation on such a large scale… your guesses are pretty wild.

9

Holland said:
No exchanges have Pi listed. Pi hasn’t moved to the open mainnet yet. Everything right now is just an estimate. If it ever gets listed, the price will drop initially and then slowly start to rise.

I just noticed that it is an IOU value, thanks for the info!

10

I feel the same way. But the cryptop.com listing says that it is just an estimate. It’s not actually being traded right now. The market is just making guesses and it’s probably not right. That’s what I found out at least.