FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1244.

TheQuin

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Quote from: BTCevo on July 29, 2018, 11:38:16 AM

You are wrong on this,

Irony at its finest.

Quote from: BTCevo on July 29, 2018, 11:38:16 AM

just because you can't get it fast enough to redeem your reward point, does not mean it is impossible to claim it.

That wasn't what he was saying. Because he squeezes as much out of the faucet as he can he doesn't meet the requirements to be able to redeem reward points for lottery tickets or reward points bonus. If you had bothered to read the reply I have already given him you would know that, but then you wouldn't have a reason to increase your weekly post count.

Quote from: BTCevo on July 29, 2018, 11:38:16 AM

And I think the faucet always pay you around 2 RP or may be on weekends it can bit 5 RP

Wrong. On a 5x reward point weekend 2*5=10

Quote from: BTCevo on July 29, 2018, 11:38:16 AM

and they do not limit on how much you can claim each day, as long as you do not using any third party bot then it is fine. So it is still possible to have all those RP claimed. Just need more time to do it

You can't use a bot to claim the faucet but there is no restriction on using dice bots eg. https://bot.seuntjie.com/

Quote from: BTCevo on July 29, 2018, 11:38:16 AM

In average you can claim 12 times a day and this will let you earn up to 24 RP so if you want to get apple Iphone X which is around 16mil points then it is impossible but they still have any others prize which is lower than that. You should calculate it by yourselves and work it out. Currently I already save up to 200k, will try to redeem something worth for sure

Yes, I can't argue with that. Even a broken clock is right twice a day.

Edit: How about this. The guy that has wagered 94.00074000BTC in the last day to challenge for the wagering competition has just won third place in the lottery with the 18,560,901 free tickets they got.

BTCevo

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Quote from: Meow1968 on July 28, 2018, 10:51:55 AM

That was the excuse, but it is the same for real users. The real reason was that when BTC crashed from $20,000 to $6000 it because realistically possible to roll your way to 30,000 satoshis again (and of course that minimum does NOT go down as BTC goes up). Now you can't even redeem RPs to increase the minimum unless you invest real money or gamble a ridiculous amount.

You are wrong on this, just because you can't get it fast enough to redeem your reward point, does not mean it is impossible to claim it. And I think the faucet always pay you around 2 RP or may be on weekends it can bit 5 RP and they do not limit on how much you can claim each day, as long as you do not using any third party bot then it is fine. So it is still possible to have all those RP claimed. Just need more time to do it

In average you can claim 12 times a day and this will let you earn up to 24 RP so if you want to get apple Iphone X which is around 16mil points then it is impossible but they still have any others prize which is lower than that. You should calculate it by yourselves and work it out. Currently I already save up to 200k, will try to redeem something worth for sure

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: Pursuer on July 29, 2018, 07:38:38 AM

Quote from: jackg on July 29, 2018, 05:46:46 AM

Isn't market cap the circulation number times the confirmed price the highest one unit has sold for? So with Bitcoin, if someone a few years ago in a very tight communist country bought a Bitcoin for say $1 million then the market cap would be at $21 trillion.

And $90 trillion is probably not including the national debt they have (and a lot of other countries have).
Which is about $21 trillion itself.

yes it is circulating supply * price. but if someone bought bitcoin for a high price it doesn't mean market price would go there and stay there. there is sell pressure at any point in time which brings the price down to previous values. in other words you can't pump any asset and not see it get dumped. it is only the natural growth that can stay up.
and remember that when you talk about supply it has to be in circulation not tucked away in the dev's wallet as its premine.

ps. the $90 trillion was the total money in the world equivalent in USD not total USD in circulation, I was wrong as someone pointed it out earlier.

I'm pointing out that the US debt is $21 trillion so $90 trillion in total seems quite low. That means that the US owes around a quarter of the entire worlds' money.

Pursuer

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Quote from: jackg on July 29, 2018, 05:46:46 AM

Isn't market cap the circulation number times the confirmed price the highest one unit has sold for? So with Bitcoin, if someone a few years ago in a very tight communist country bought a Bitcoin for say $1 million then the market cap would be at $21 trillion.

And $90 trillion is probably not including the national debt they have (and a lot of other countries have).
Which is about $21 trillion itself.

yes it is circulating supply * price. but if someone bought bitcoin for a high price it doesn't mean market price would go there and stay there. there is sell pressure at any point in time which brings the price down to previous values. in other words you can't pump any asset and not see it get dumped. it is only the natural growth that can stay up.
and remember that when you talk about supply it has to be in circulation not tucked away in the dev's wallet as its premine.

ps. the $90 trillion was the total money in the world equivalent in USD not total USD in circulation, I was wrong as someone pointed it out earlier.

Quote from: Kakmakr on July 29, 2018, 06:46:03 AM

Ok, I got almost 60 000 Satoshi daily from this faucet for 2 years. Let's say I kept those Satoshi, then those Satoshi would be valued a lot by then. 60 000 Sat x 3000/100 = $30/day x 365 days = $10950 per year x 2 = $21900 {2 years}

This will still be a lot of money, if this happens in the next few years. So, let's agree that $1 might be a bit far fetched, but at $0.05 is very realistic, if all other currencies convert to Bitcoin. Grin

a while back I told someone that I was getting paid $1000 per post and they didn't believe me because they did a quick calculation and thought I was lying (0.001BTC * $500 = $0.5) but in 2018 they started understanding what I was talking about (0.001BTC * $20000 = $20) and in the near future (0.001BTC * $1000000 = $1000). and I have held about 90% of what I have earned.

same with freebitco.in
so far I have earned 0.014BTC in daily profit which in my eyes worth $14000 Grin

while we are on the subject I have my eyes on this round's lottery. fingers crossed for the grand prize of 1.4BTC....

TheQuin

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Quote from: Thirdspace on July 29, 2018, 07:10:19 AM

is this wagering contest going to be a permanent monthly event?

I'm not sure yet. It was an experiment and wasn't planned to be permanent, but I think it has gone pretty well so we are thinking about it.

Quote from: Thirdspace on July 29, 2018, 07:10:19 AM

also, how about 0.40% multiply btc commission, is it only during this contest?

It wasn't just for the contest so it will be staying.... however nothing is permanent so no promises it will always be 0.4%.

Quote from: Thirdspace on July 29, 2018, 07:10:19 AM

btw, would there be a different contest that gives chance for low rollers to win something? Wink

I can't think how to do a contest that high rollers wouldn't dominate, but I'm up for hearing suggestions.

Quote from: Kprawn on July 29, 2018, 07:11:48 AM

You guys talking about the Lottery?

They were talking about the wagering contest.

Quote from: Kprawn on July 29, 2018, 07:11:48 AM

This 1st prize is still small compared to other previous Lotto prizes that was won in this

Lotto. Grin

Look how high it was a few weeks before this draw ----> http://prntscr.com/kcdq7a Grin

.. In that draw, the

We believe that unfortunately 5 out of 10 of those winners were part of botnets. After we reduced the base reward for non-wagerers they switched tactics and gave up trying to get to minimum withdrawal and started buying lottery tickets instead. That's also why we had to restrict the redemption of reward points for lottery tickets.

Kprawn

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Quote from: Betwrong on July 29, 2018, 06:49:27 AM

Quote from: jackg on July 29, 2018, 05:56:39 AM

Wow, those are high amounts being wagered here!

Will we go over 100BTC for first place?

Over 100 BTC is a huge amount indeed, but not that huge considering the prize one can win. I pretty much understand that newcomer guy because it's possible to lose not more than 0.5 BTC while the first prize is 1.228 BTC with the current rate. Even the second prize, 0.6+ BTC, would be a pretty nice thing to get.

It's a great contest. Good luck to all the contestants!

You guys talking about the Lottery? This 1st prize is still small compared to other previous Lotto prizes that was won in this

Lotto. Grin

Look how high it was a few weeks before this draw ----> http://prntscr.com/kcdq7a Grin

.. In that draw, the

2cnd prize was equal to this weeks 1st prize. Cheesy

You want to see crazy... Look at the amount that was wagered for a

$10 000 prize ----> http://prntscr.com/kcdqut Roll Eyes

Thirdspace

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Quote from: TheQuin on July 29, 2018, 05:51:25 AM

Coming close to the end of the wagering contest and the action is heating up.

is this wagering contest going to be a permanent monthly event?
also, how about 0.40% multiply btc commission, is it only during this contest?
btw, would there be a different contest that gives chance for low rollers to win something? Wink

Betwrong

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Quote from: jackg on July 29, 2018, 05:56:39 AM

Wow, those are high amounts being wagered here!

Will we go over 100BTC for first place?

Over 100 BTC is a huge amount indeed, but not that huge considering the prize one can win. I pretty much understand that newcomer guy because it's possible to lose not more than 0.5 BTC while the first prize is 1.228 BTC with the current rate. Even the second prize, 0.6+ BTC, would be a pretty nice thing to get.

It's a great contest. Good luck to all the contestants!

Kakmakr

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Quote from: Pursuer on July 28, 2018, 02:33:08 AM

Quote from: Kakmakr on July 28, 2018, 01:32:50 AM

Bitcoin has only seen the point of the Iceberg with adoption, so just imagine what will happen if 50% of the world start to compete to own some bitcoins. There is not even enough bitcoins for every millionaire to own ONE bitcoin. Wink

this is the key important thing about all this. the adoption of this global currency is less than 1% so far and if you stop reporting the price per 1 whole bitcoin you can see how cheap it is right now. in other words 1 satoshi which is the real unit at code level by design is currently worth $0.00008

and for those who keep reporting the market cap as if it becomes X then it is impossible but if it becomes Y (Ytry searching for how much is US dollar's market cap. try searching it for market cap of JPY, EUR, INR,... you will fail because it has no meaning!
if you want an equivalent, there is about 90 trillion USD in circulation in the world according to a google search which means for bitcoin which is a global currency unlike the centralized USD, with the same market cap its price should be about $5 million which means 1 satoshi would be worth $0.05. do you still think it is impossible?

Ok, I got almost 60 000 Satoshi daily from this faucet for 2 years. Let's say I kept those Satoshi, then those Satoshi would be valued a lot by then. 60 000 Sat x 3000/100 = $30/day x 365 days = $10950 per year x 2 = $21900 {2 years}

This will still be a lot of money, if this happens in the next few years. So, let's agree that $1 might be a bit far fetched, but at $0.05 is very realistic, if all other currencies convert to Bitcoin. Grin

TheQuin

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Quote from: jackg on July 29, 2018, 05:56:39 AM

Wow, those are high amounts being wagered here!

Will we go over 100BTC for first place?

I think it depends on what the new guy does next. The current leader has been at the top most of the competition, they were on exactly 87BTC yesterday but overnight they got overtaken by the newcomer. Now they wagered an extra 6.56BTC to retake the lead so it's the new guy's move.

Market Capitalisation is the number of shares issued in a company multiplied by the current market price. It has no relevance to Bitcoin or any other currency. Various types of money supply rates are used to measure money http://lexicon.ft.com/Term?term=m0,-m1,-m2,-m3,-m4

jackg

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https://bit.ly/387FXHi lightning theory

Wow, those are high amounts being wagered here!

Will we go over 100BTC for first place?

TheQuin

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Coming close to the end of the wagering contest and the action is heating up.

A new entrant briefly took over first place but there's been a fightback.

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: Pursuer on July 29, 2018, 02:46:42 AM

Quote from: o_e_l_e_o on July 28, 2018, 04:53:20 AM

Quote from: Pursuer on July 28, 2018, 02:33:08 AM

if you want an equivalent, there is about 90 trillion USD in circulation in the world according to a google search which means for bitcoin which is a global currency unlike the centralized USD, with the same market cap its price should be about $5 million which means 1 satoshi would be worth $0.05. do you still think it is impossible?

Genuine question. Assume for a moment that we are working towards Bitcoin becoming a sigle, global currency, to the exclusion of all else. How then do we factor in the value of derivatives? Current estimates put the value of the derivative market at somewhere between $600 trillion and $1.2 quadrillion.

that is the whole point of the argument. what you call "value" is just market cap which is not even a defined characteristic for a currency, it is meaningful for a company in stocks market not a currency in circulation. not to mention that most of these "derivatives" are not really in circulation. you can literary create market cap out of nothing.

Isn't market cap the circulation number times the confirmed price the highest one unit has sold for? So with Bitcoin, if someone a few years ago in a very tight communist country bought a Bitcoin for say $1 million then the market cap would be at $21 trillion.

And $90 trillion is probably not including the national debt they have (and a lot of other countries have).
Which is about $21 trillion itself.

Pursuer

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Quote from: o_e_l_e_o on July 28, 2018, 04:53:20 AM

Quote from: Pursuer on July 28, 2018, 02:33:08 AM

if you want an equivalent, there is about 90 trillion USD in circulation in the world according to a google search which means for bitcoin which is a global currency unlike the centralized USD, with the same market cap its price should be about $5 million which means 1 satoshi would be worth $0.05. do you still think it is impossible?

Genuine question. Assume for a moment that we are working towards Bitcoin becoming a sigle, global currency, to the exclusion of all else. How then do we factor in the value of derivatives? Current estimates put the value of the derivative market at somewhere between $600 trillion and $1.2 quadrillion.

that is the whole point of the argument. what you call "value" is just market cap which is not even a defined characteristic for a currency, it is meaningful for a company in stocks market not a currency in circulation. not to mention that most of these "derivatives" are not really in circulation. you can literary create market cap out of nothing.

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Quote from: Gary.Wilson_Jr. on July 28, 2018, 11:39:31 PM

Now I still get a small profit from my referral, maybe about 10% of what I got last year.
Most of my referrals no longer play free rolls and also do not gamble
because maybe they used to be interested in deposit and gamble because of free rolls game.

That is probably mainly due to the increase in the value of Bitcoin over that time and natural wastage of referrals. I can speak on personal experience when I advertised my ref link years ago most of them played for a while and then gave up. All the ones that are still playing now have continued through the recent changes and I have exactly the same number of active referrals as I did a year ago.

Quote from: Gary.Wilson_Jr. on July 28, 2018, 11:39:31 PM

I hope you and the team soon have a solution to be able to distinguish the botnet and the real user so that all policies can return like last year.

We are constantly working on that but part of it is the more attractive a site is in terms of how much free money can be made out of it the more work and effort botnet operators will put into exploiting it.

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Quote from: TheQuin on July 28, 2018, 10:59:34 AM

Quote from: Meow1968 on July 28, 2018, 10:51:55 AM

"some users' payouts was cut in halved because they are suspected part of botnet"

Not true. We put the minimum requirements in to try and make it unprofitable to run a botnet. If you are trying to squeeze the maximum out of the faucet for free that is exactly what they are doing so you are going to get the same restrictions.

Lolz on finding a quote from May that is now out of date. Roll Eyes

Yes and unprofitable also for a referrer like me.

before any reduction in the basic rewards of free rolls and reward point restrictions I always take my time especially on Saturdays and Sundays to introduce bitcoin to people through this site while taking a little profit as a referrer.

It turns out that my profit can exceed that I think, it makes me feel that bitcoin and this site (freebitco.in) is really cool and magical.

Now I still get a small profit from my referral, maybe about 10% of what I got last year.
Most of my referrals no longer play free rolls and also do not gamble
because maybe they used to be interested in deposit and gamble because of free rolls game.

I hope you and the team soon have a solution to be able to distinguish the botnet and the real user so that all policies can return like last year.

TheQuin

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Quote from: Meow1968 on July 28, 2018, 10:51:55 AM

"some users' payouts was cut in halved because they are suspected part of botnet"

Not true. We put the minimum requirements in to try and make it unprofitable to run a botnet. If you are trying to squeeze the maximum out of the faucet for free that is exactly what they are doing so you are going to get the same restrictions.

Lolz on finding a quote from May that is now out of date. Roll Eyes

Meow1968

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Quote from: BTCevo on May 05, 2018, 07:20:52 PM

Quote from: Thirdspace on May 04, 2018, 10:42:25 PM

Quote from: BTCevo on May 04, 2018, 10:13:26 PM

I always claimed it at least once a day if I got more time I will do more but yes last time I got around 400++ per claim but due to the higher price today I just claimed around 300++ which is still good. I tried to hit this lottery. I will not stay out of it before I can claim it once

And I do not understand why can you guys only can claim just around 10? It is far from mine here

base reward is $0.002, $0.002/$9800 = ~0.00000020 BTC (20 satoshi)

Not anymore. Now it's only 1/3 of that.

"some users' payouts was cut in halved because they are suspected part of botnet"

That was the excuse, but it is the same for real users. The real reason was that when BTC crashed from $20,000 to $6000 it because realistically possible to roll your way to 30,000 satoshis again (and of course that minimum does NOT go down as BTC goes up). Now you can't even redeem RPs to increase the minimum unless you invest real money or gamble a ridiculous amount.

TheQuin

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Quote from: Meow1968 on July 28, 2018, 10:26:32 AM

Not being able to redeem RPs that I've spent TWO YEARS saving up is really the last straw.

You still can redeem them just not for more reward points or lottery tickets. The bots were exploiting those heavily so they are now only available to those that meet basic requirements, not those just trying to maximise what they get for free.

Quote from: Meow1968 on July 28, 2018, 10:26:32 AM

freebitcoin.in USED TO BE a good faucet, but the recent changes appear designed with one and only one end in mind: to make it impossible to ever reach the magic 30,000 satoshi without putting in (and gambling away) your own money.

It's far from impossible and many people do it without depositing. But those that deposit and play get far more out of the faucet than those that don't

Quote from: Meow1968 on July 28, 2018, 10:26:32 AM

I feel exactly the same way and that is why I have decided to switch to 99bitcoins.

I'll miss your informative posts, bye bye.

Meow1968

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Quote from: andreijoaquin on July 17, 2018, 02:26:17 PM

freebitco.in starting to implement so much policy even in bonus redemption using rewards points, I really like freebitco.in but it started to pissed me with those new policies.

I feel exactly the same way and that is why I have decided to switch to 99bitcoins.

Not being able to redeem RPs that I've spent TWO YEARS saving up is really the last straw. freebitcoin.in USED TO BE a good faucet, but the recent changes appear designed with one and only one end in mind: to make it impossible to ever reach the magic 30,000 satoshi without putting in (and gambling away) your own money.

MM

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1244. (Read 566054 times)