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How sustainable is the $314159 GCV?

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Bonafide
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The GCV of $314159 is very popular among Pioneers. But how sustainable is this price speculation? Can you really use your 1pi to buy a car? Is there a car dealership anywhere in the world that would accept 1pi or let's say 10pi in exchange for a car? Without liquidity how would a seller make a profit?

What do you think Pioneers?

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Joesalem
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@bonafide I'm not a financial advisor but I'm seeing Pi coin completely different from other crypto currencies for instance, other crypto depends on fiat to survive but Pi depends on utility just like the fiat currencies.

Other crypto currencies success are mostly measured on market capitalization but Pi don't need market capitalization to succeed. What Pi need to succeed is exactly what other fiat currencies need to succeed which is utility. You can't tell the market capitalization of USD, POUNDS or yuan but businesses with capitalization are measured on these currencies depending.

So market capitalization of business would be measured in Pi.

About GCV of $314,159, I think it's possible. I mean there's no producer that doesn't depend on another business for supplies. If the supplier of the raw materials, the producers that buy from the suppliers and the end users are accepting $314,159. Because everyone buys and sells at the same market value and as such everyone makes her or his gain depending on how he bought and sold.

To the only challenge we have now is acceptance not the price which I know with a little time, the acceptance will be much.

And to achieve this feat, Pi should not be exchanged for fiat. With that Pi will replace the dollar globally.

My submission is what ever amount set is visible be it at $1 or $1,000,000.

All Pi needs now is utility and acceptance.

 

 

 

 

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Andy21
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@bonafide On my perspective, at the moment, the Car Dealer or other entities accepting Pi as payment positioned themselves as Investors. Short terms or long terms Investors? It depends on their confidence, knowledge, and capital.

As of me, when there's a possibility of accumulate more Pi, definitely I'd jump for it, no doubt about it.

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Bonafide
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How can a Pi utility survive if PI has no monetary value and we can’t exchange it with fiat? Doris Yin already expressed that merchants have “NO CASH FLOW” which means they won’t be able to replenish their supply because there will be no cash flow.

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maruri2022
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We have to start the pi ecosystem by selling stuff, it doesn't matter what is the price of the seller. 

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