"Pi" in the web3.0 era: Holding on for 6 years with a current price of 6, market capitalization evaporated by over 30 billion USD, the reason is...

Today, the Pi baby is 0.756, showing a downward trend compared to yesterday, with a decline of -6.0%. The circulating market capitalization is only 5.609 billion U, evaporating over 30 billion U; the ranking has dropped from the highest position of 11 to 26. Looking at the current global economy, gold prices are down, stock markets are down, cryptocurrency prices are down, futures prices are low, foreign exchange is down, and wages are down, everything is in the red, everything has dropped significantly, the only thing that hasn't dropped is age! Many people deeply believe that "the baby has failed," self-destructively abandoning six years of faith, ruining six years of hard work in an instant, and ultimately burying their own hopes for the future.
It's fine! Our country hasn't seen a large-scale migration of 9 greens. If it were a complete migration mapping, at today's price, let's not say too much, 80% of the domestic pioneers would sell off massively and leave, while comforting themselves, saying: "It's good that I ran fast, otherwise? It could drop to 0.00 something in the future, or even zero." This is human nature, this is human nature! In the face of human nature, beliefs are worthless; in the face of human nature, only cashing out is safe; in the face of human nature, what can be touched counts; in the face of human nature, what's in hand is real; well! Back to the current price, for those with thoughts, even for those who want to cash out, there’s no wrong choice, it's all "If one does not act for oneself, heaven will punish them."
Don't try to persuade with phrases like "Hang in there", "Don't panic", "It will be worth a lot in the future", "Just hold on for three to five more years, and it will reach a certain price", "Having it brings hope"... and similar sayings. Everyone has different depths of understanding, different cognitions, different expectations, and vastly different dimensions of thought. Today, I deeply understand this sentence: "Do not try to change a person, and do not easily interfere with another person's fate; only when you are good yourself can it be truly good!"
Why do pioneers from other small countries sell off as soon as they get a reflection? Because it is earned without effort. After working hard for years to earn 10,000, and now it's worth over 60,000, for them, it is already an unexpected joy, a sum equivalent to their salary income for several years or even a decade. With this money, they can buy a piece of land to build a house, buy a nice car, and even find a good wife to have children. Do not measure this with your own values, so it is not surprising when this applies to us as well; do not force them to hold on any longer.
As my brother said, if he insists on insisting, he would retort to me, "Maybe the Earth will explode tomorrow, so let's just live one day at a time..." Alright! You win!
03 A Deep Explanation of Today's Reasons First, I would like to state: the following views are my personal speculations, for entertainment purposes only, and should not be considered as any investment reference or otherwise! Please view them rationally.
(1) Capitalists, both the open and the hidden agents, should first clarify a fact: who benefits from low prices? Who is the biggest beneficiary? And who is behind the scenes stirring the pot?
Pi Baby is an innovator, a zero-cost entity spread across the hands of pioneers around the world. There are no private placements, no Series A or B rounds, meaning capitalists have no chance to acquire it at zero cost or low price!
For certain cryptocurrencies, if 1 billion are issued, several hundred million are raised in private placements, several hundred million more in the ABC round, and several hundred million through airdrops, then the big players set an initial price of 0.000001, and as soon as it launches, it skyrockets to hundreds or thousands of times, attracting retail investors to step in as bag holders. The trick is clear. But for the treasures, they have no choice; they are tightly held by the project party and various frontrunners, so what can be done?
can only be acquired through various tricks after the listing, from the hands of people with low cognition and no beliefs, in their jargon, "suitable price", which is their yang media. What is a negative medium?
It is through a long period of price suppression that media narratives are launched, with various parties cooperating. The goal is to label the asset as a "loser," "certain gold plate," "certain sale," or "XXX prohibited by certain national laws," thereby causing panic selling at low prices and creating market chaos, allowing them to fish in troubled waters.
It's been such a long time, hasn't it? There are so many negative propagations saying, "If you have the chance, everyone should sell quickly; look, it's only 2 billion in circulation now, this price is quite reasonable. If 100 billion were released, the price would be even lower..." These people are the most detestable, more detestable than capitalists. Sigh! They are the embodiment of monsters and demons. Not only do they seek to gain traffic, but they also insidiously claim to have unspeakable secrets, which remain unknown! Furthermore, they mislead newcomers who don't understand operations by using some professional jargon, charging service fees in the process. Like the recent email updates or confirmation of payment codes after the lightning transaction, many newcomers have already paid the service fees. Sigh!
(2) The layout on the project side is also very important; the project party has never been influenced by external factors from beginning to end, consistently and steadily advancing the project's progress step by step, perfecting the technology, perfecting the details, and perfecting the ecology, ignoring all other factors, and waiting for the right moment to soar.
Many people will ask: "Since nothing has matured, why go hard on 2.20?" Perhaps, you don’t understand that putting 2.20 on the market is a good start, at least announcing to the world: this is already a digital currency! It declares to those who doubt it: it is real, not a scam. And importantly: by going on the exchange, it activates the market and determines its initial price. As for 100 ecosystems, 1000, 10000, 100000, these will take time to validate! (3) On the policy level, countries are actively introducing policies to support blockchain and digital economy, which is the best positive news in the past decade. No need to say more, just waiting for the right moment. I guess our country will have more detailed policies by the end of this year or early next year. Just let your imagination run wild; thinking more is good, being cautious is also fine. It’s still that saying: "After the clouds and rain, the sun will shine." Comrades, let’s hold hands and unite our hearts to persevere, a beautiful tomorrow is waiting for us!
Finally, let me share a saying with everyone: "Do not turn away in times of low, and do not come seeking fame in times of high; the value of a treasure is reflected in the process of perseverance. Only by enduring loneliness can one cherish prosperity!" Grateful, thank you all! May we seize opportunities and turn our lives around in the Year of the Golden Snake!