I first heard about the PI NETWORK a few years ago, but it was not until recently that I learned it was launched in 2019. It was essentially just a mining app that required no effort; you simply logged in every day, checked in, and turned on the miner.
However, you will need to conduct thorough KYC and keep your mining app updated.
The funny thing about this app mining was that almost everyone who was not mining it called it a scam, and even those who were mining it almost believed it was a scam, but they did not stop mining due to the sunk cost fallacy.
Furthermore, the network introduced some crazy staking periods, such as 2 to 5 years, and most people regard long-term staking as scam behavior.
Overall, there was a lot of "vote of no confidence" in PI NETWORK, and the scam comments and record were the main reason many people did not bother.
Another issue was that the mining lasted six years, and many of the pioneers likely gave up along the way.
Some people were unable to complete the KYC and gave up along the way, while others staked their coin for five years, most likely due to carelessness or underestimating the project.
Time taken is no excuse to Fade
Before the launch day, many Twitter influencers swore that the PI token would be worthless, and promised to leave X complexly if it did.
One Twitter influencer shorted PI with $100,000 because he believed the project was a shit project that would fail after launch. The project released tokenomics prior to launch, but many Twitter influencers predicted that it would fail.
Guess what?
The project launched a token worth more than one dollar and did a X3 in about two days. People who shorted the token, however, suffered enormous losses as a result of their overconfidence.
So here's the interesting part. People have made up to $50,000, $20,000, $10,000, $5,000, and so on. While this is not generational wealth, it is enough money to prepare you for the upcoming run.
Now, one could argue that it took six years to make such money, but if someone told me I would be dedicating 5 to 10 minutes per day to earn $10,000 after six years, it is a no-brainer.
You Have time, put it to use
5 to 10 minutes per day is less than the amount of time people devote to binge watching their favorite TV show or watching funny videos on TikTok. However, the concept of expectations is what makes it difficult to build.
Every day, incredible things happen in the crypto. People make a lot of money by building things and putting in the time, but the process of putting in the time and effort is the difficult part.
Many people want to be sure that what they're putting their time in will actually pay off, when they can actually just shut down this logical and financial calculating process. Sometimes the things that pay do not make sense, so they write them off.
i
Someone made $17,000 on one project with which they interacted, and what is even more surprising is that they did not do it for very long.
If you do not try, you will not get lucky.
Crypto is about conviction; you must have faith and conviction. Where others are FUDing and doubting, you have the option to remain locked in.
You will have those who see your bags as shit coins or your hustle as a waste, but you must believe in something, devote time and effort, and block out all external noise.
A lot of things are going to happen in the space in the next 6 months, and unbelievable things as well. You cannot watch and fold your hands; you have to believe in something and put effort into it.
Interested in some more of my works