We actually have some pretty good news. Obviously the update but also a new piCoin dice site launching this week according to the owners of the site. We got on exchanges way faster than most coins, so it can be hard for the buying demand to keep up in the beginning with the selling demand. This sort of thing is what increases buying demand, which is important on the journey to real world popularity.
It's true that piCoin got on exchanges really fast but its price also went down really fast. I think it cannot be lower now, and the buy demand is low. I'd like to know what do you have in mind to make it raise again. I like this coin so I haven't sold any piCoin and I think I won't, at least at the moment.
There are a few reasons for the low price.
1. There is always some risk when putting your money on an exchange. Now, we have nothing but great things to say about all exchanges that list piCoin so far, but a lot of members are naturally weary of these mid-tier exchanges. As a result, people are not comfortable putting bitcoin on the exchange. They're more than comfortable with selling the latest coin though, because the value is still uncertain and they're less attached to it.
2. Giveaways can sometimes hurt the price, especially so when one of the giveaways is on one of the first exchanges. Check all the exchanges - the price varies.
3. It really just got on the exchanges so fast. There wasn't enough time for enough demand to build. However, price will go up as the demand increases.
There have been very few articles about piCoin. All it takes is one article on a larger newssite and we're out of this hole.
Update CancellationWe have decided to cancel this update. We feel it's in the best interest of this coin to not make the changes in the update. For right now we will be leaving the coin as is.
We apologize if this caused anyone any inconvenience.
but there are some good pools there!