Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 10. (Read 522310 times)

Thank you for clearing the doubts. I was using the general calculation formula without considering the compounding system.

You don't need to create any accusation. Check the above post of hosseinimr93 to know how the APY is actually calculated. Currently your daily interest rate is 0.01178082 including the boosted amount. If you hold 1 BTC on your account, then you will have 1 × (1.0001178082)³⁶⁵ = 1.0439 BTC after 1 year. The interest amount is 0.0439 BTC, which is 0.0439 × 100 = 4.39% (your APY with the boosted percentage).

In my opinion I see the price falling a lot in the next month before increasing a lot again, this is because people's optimism is centered on the bitcoin halving, which is why they are buying thinking that the price will rise quickly, but days after the bitcoin halving they will realize that the price is not rising much and they will panic and start selling. less than 3 days left until bitcoin halving



source: https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00

I see this option:



like a trap, and a low odds that can make people bet on it convinced that after the halving the price will increase quickly, when it will drop a lot in my opinion, after June, July we will start to see the price rising again but little by little


the price will tend to fall constantly until it becomes a dead project, when I talk about a dead project I am referring to the scenario in which the price of the token starts to fall a lot to the point where people have no interest in buying even if they see it. that the price is low, this is because when they research more about the token, they will realize that its usefulness is for casinos and that the casinos that are using the token have not been the best casino, I'm not talking about one of the best, I'm talking about the best casino. so people will see that if the casino is not the number then it does not have many active customers who are playing with a lot of money, therefore the token will have little demand, therefore potential investors will not buy the token. Unfortunately, those people who bought it many years ago and hodl it for many years will reach their patience limit and sell the token at a loss.

In my opinion, when it comes to casino tokens, if a person buys early and gets a profit of 2x or 3x, then it is better for that person to sell and be happy with the 2x or 3x profit that they managed to obtain, because if the person is very If you are greedy and dream of 10x profits, then you could hold on for many years and then sell at a loss, whereas you could have sold early and made a 2x or 3x profit. Casino tokens are not investments for many years in my opinion. the token itself can survive for many years, but giving high profits for many years, I think is dreaming too big, given the nature of the casino business and the competition that exists in this casino market

As it seems to me, there is a possibility that the BTC price will consolidate in a relatively small range shortly. I guess most users apparently think the same way, as there are quite a lot of bets that have already been placed in the $65k to $70k range. By the way, if the Bears can't break the support around $61k, there could probably be another ATH as early as May.

The price only seems to be getting lower and lower and there seems no clear indication that this trend will be overturned. Allthough the price is very low, it feels like a falling knife so I will not buy any for the moment.

You wouldn't get accurate result for daily interest rate by dividing the yearly interest rate by 365.
Take note that not only you get interest on your initial balance, but also you get interest on interest you have earned so far.

Assuming you have 1 BTC, you will earn 0.000109589 BTC on the day 1 and you will have 1.000109589 BTC at the end of that day. On the day 2, you will earn 0.000109601 BTC and you will have 1.00021919 at the end of that day. On the day 3, you will earn 0.000109613 BTC and so on.

At the end of the day 365, you will have 1 * (1.000109589)³⁶⁵ = 1.0408 BTC.

You have to divide it by 365 to calculate the daily APY rate. Still, there is something strange on the Freebitco daily APY rate. The daily APY rate is 0.0109589% for those user who doesn't have premium membership benefits.



It becomes 365 × 0.0109589 ~ 4% for a year. Which is almost 2% less than it should be. By considering your interest rate: 365 × 0.01178082 ~ 4.3%, it is also 2% less than it should be. I can't recall whether TheQuin had clarified about the interest rate or not here in the forum. My calculation doesn't match with the exact rate, but it is pretty close.
@hosseinimr93, you are too good in this kind of calculation. Do you have any idea about this strange calculation system of Freebitco interest rate?

Edit: Freebitco calculation become accurate when 1 year is equal to 372.30014 days .

My initial question was how long I should wait for support from freebitco before I open a separate Scam accusation here?

Not especially lower, there is the price in BTC and also the more level price in dollar or cents to consider.    This question is in majority a play on Bitcoin itself and its direction, we do seem to have weakness apparent in the price hence FUN price has no pressure on it especially to appear lower in sats price.
 
The wider question for me is do I continue to lock when I can and I think yes all time frames upto a year to lock is a fair idea, I dont want to depart any time soon and I still appreciate the benefits so thats the view for me.  Its not quite out right speculation as an answer because there is this idea of a yield to holding.   BTC overall I think is ok but near term its selling some are taking profits same old story.


So I'm made up on monthly price bet, negative is a fair bet rather then the whole boxed in price ranged movement occurring.   That would have placed BTC higher then now but it does seem we have a trend downwards and I will stick with that view so long as we are below the 50 day average.

  The caution to speculative bets I would add is advice I received from proper full time traders, direction of a moving average is the strongest indicator and 50 DMA and 200 DMA are rising so remain positive on that full time frame.

Those debts came out of a reason right? If you have gambled your way to your debts then you have to pay them back after stopping gambling, you cant possibly have both things running at the same time, even though thats what gamblers attempt to do.

If your debts are due to a different reason and that have been solved now, you should not gamble to make that money back, because its not a guaranteed income, rather save from your salary to pay back.

Of course we all want to dream big, but often we are left only dreaming and not living the reality. Hard work and discipline goes a long way here.

A few months ago I asked if we would see FUN below 10 satoshis, and that is what is happening these days. 9 satoshis today, but that's usually how it goes, the price goes up and down a couple of satoshis, but more down... I was thinking of buying a little more FUN again when it drops below 10, but I don't think this is the bottom yet. I guess I can say that I think it will go lower, at least it seems to me that the chances of that are much higher than that the FUN price will increase anytime soon.

If the price of bitcoin continues to fall of course it will increase in BTC value maybe it could be 10 satoshi or more, you also see that the price of bitcoin has decreased at this time it is possible that the price of FUN will rise if you buy it now but if the price of bitcoin continues to rise then the price of FUN will continue to fall in BTC pairs but in pairs in stable currencies it is not much different so in my opinion it is better if you want to invest in buying it, it is better to buy and save it on the exchange when it goes up you can take advantage.

I don't put a lot of FUN funds on this site even though there may be a lot of facilities that I get but it doesn't return more tokens that I would hold, so I withdraw my funds from this site to the exchange, currently only holding FUN tokens on the exchange site so when reached the bull market I sold it in the form of USDT stablecoin, it was better than exchanging it in the form of BTC let alone trying to buy it in the form of BTC from this site. Even though I can buy FUN tokens from BTC that I got from this site, at least it doesn't harm me when the price drops. 

Firstly thanks for your example. Please correct me If I understood something wrong. Thats why I am here. What can easily be misunderstood is that there is a difference between Annual and Daily Interest separately calculated.

I understand the value in brackets (0.31%) is the so-called Bonus Interest for FUN holders that is already included in the value before the brackets (4.39%).
To get the Daily Interest calculated based on the Annual Interest 4.39% (Bonus of 7.5% already included) then I result in 0,0121944444 and not 0.01178082%.
My calculation is 4.39/360=0,0121944444 to get the daily interest. But on my EARN BTC tab is just @ 0.01178082% * per day given..

From my point of evidence this looks like if the fixed daily rate is wrong (not corresponding with the Annual Interest) and seems to be like scam or an error.
This means loss for me day by day if this is not fixed. I am searching for support but nothing happens. I am not that guy that waits six months to get support response..

Elevate Your Wins with Golden Ticket Booster!

Roll, win, and repeat as you unlock the thrill of earning Golden Tickets with a Free BTC roll!

Multiply Your Golden Tickets on Every 10th, 20th, and 30th Roll!

Seems like you haven't understood the system yet even though hosseinimr93 has explained it above, and id5000 has shown you the calculation. Freebitco team has mentioned this in the premium membership page


They have said about the increase of the 4.08% interest rate by the 'X' percentage. The 7.5% increase of 4.08 is: (7.5÷100) × 4.08 = 0.306%. It has been rounded up to 0.31%. Therefore, your interest  boost amount is accurate there. Try to understand the system properly.

This is my current Annual Interest Rate:
https://i.ibb.co/BtYZkSH/annual-interest-rate.png

ANNUAL INTEREST RATE
4.39% (+0.31%)*
Daily interest will be calculated at a random time everyday @ 0.01178082% * per day.
* Includes the bonus interest earned from holding FUN tokens for Premium Membership.

As confirmed by fbc mail after waiting time 30 days there should be 7.5% but nothing changed since then. Whether on the EARN BTC tab nor on my transaction history.
Now the next countdown runs as seen on PREMIUM MEMBERSHIP LEVEL DAYS table benefits in 48 days by awaiting 10% while the promised 7.5% are not given as expected until yet.

Wow the price of fun is eight now, last time I was around it was sixteen.

Good time to buy. Anyone think it'll go lower?

- 4.08% * 1.075 = 4.39% and so on.

- This is one of the best comments that I have ever read about unexpected gains.

All of us do end up dreaming on what to do if we ever win something this big. I keep thinking what I would do too, my life is not rainbows or sunshines, just like it is not for billions of people all around the world, literally billions. So just like with everyone else, I would simply just pay my debts and try to live a decent life. I could simply pay my debts and buy a house, that way I would be able to live a better life for the long term.

I can't say what I could do for the long term, but I know that it would not be all that simple for me to continue this way, I would definitely change something, because what I have right now is not simple and definitely financially difficult, so dreaming about this makes sense for all of us, shows us a possibility that is better than what we have now.

Try to test with (Email)

IMO, the best contact person we can get is by (Email). If we don't have (Live-support chat), because some complicated case are required investigated first is always recommended by email.

So, they can easily contact you any time. Did you already contact them via Email ? or not.