Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 127. (Read 559567 times)

The strategy would only attract investors if they project itself is having a great journey. It's not that the strategy in general would not work anymore, it's still based on the current value of the project and its development in the long run. I think they already have the right exposure as they are listed in a decent exchange, so if investors doesn't find a buyback or burning of coins, that means they aren't satisfied with how the project is going so far.

This is ideal suggestion instead of burning or buyback they need to work on having some better use case of this token which will surely work better for keeping price at the better level as they are already having on few exchanges now it's time for them to have some talk with casino which will bring this token into their use which will surely increase the value of this token and things could be on positive.
But right now we are having nothing about anything, hopefully team will give updates about this all in near future which will end this all-problematic talk, and we will be gone on better road.

Use case and utility of a token are main factors to make its value. Buy back and burn the token is only kind of spices but not main components for a token value.

Because we can see that Bitcoin, Ethereum don't have buy back and burn but they still have very high value. Ethereum only began their Burn program some years ago (since the last bull market), not since its blockchain and ETH main net launch.

Regarding to potential effects from Buy back and Burn program, it will depend on budget for the program, how long will it run and so on. Because it needs time to make exposure to community about the program, then big budget decides how many tokens will be burned. We need both to have good effects from Buy back and Burn, and obviously marketing is another important factor.

The burning strategy doesn't work, because the amount of burned tokens is too small compared to the total supply available on the market. If they want to make FUN more valuable, they have to make it scarce, besides developing new usecases for it. To offer massive interest rates for staking FUN is also a wrong strategy. There should never be 25% interest for locking FUN for 1 year time period. Interest rates should stay around 4-5%, just like any other traditional passive income investment.

Moreover, it's hard to develop new usages for the token. They could try implementing it to play to earn games, but that is something very unstable too, since these games don't last for long and usually lack originality. Besides that, where else could FUN be implemented?

Thanks for those valuable informations, I wasn't aware they want to stop burnings. It wouldn't be a totally bad things since they stay rather small compared to the total supply (11 billion tokens) and they could qualify the token as security for US and other countries financial authorities leading exchanges and platforms to avoid listing it.

Didn’t know they had a CEO but hopefully he can turn it around and create some more value again. The token value has only been dropping so they needed to change up things.

Well, the charts say he is more realistic than pessimistic. I expected a lot more from FUN, but now I can't say I see anything that can affect the price to rise.


I do not doubt that everything will be sorted out, but this kind of delay is not good for business at all, who likes to wait? And just to be clear, I never saw the delay as a problem, but when there is a delay and the team is silent about it that makes me start doubting. Why is it a problem to write and describe the reasons for the delay, communication with users should be at a high level if you want to keep users and attract new ones.

They have not done any burns for this past quarter yet, despite being 20 days into a new quarter. On Telegram they announced that they’re considering stopping these burns. With their new CEO trying to pivot towards other areas besides gambling it does make sense that they would stop doing burns. Burning was always tied to gambling profits, but now there will be more of an emphasis on growing their market cap with diverse use cases.

I don’t know how successful the new CEO’s efforts will be, but it’s clear the previous strategy was not working. The token has lost substantial value and left many with a deeply underwater investment.

Hopefully things will be sorted out positively in coming days because recently we are having too many delays and late updates with admin is not available and @TheQuin is also not responding on time with taking too much time which is wired because many are waiting for this Lambo hopefully this time someone from this forum will be won, and we will celebrate here on this thread. 

My phone has been off and they cant believe I won with barely any tickets, thats why they havent announced I won the Lambo I will keep hoping.     My plan for the notify to help my free spins number didnt help me apparently, I only got 1 ticket in that last offer.  I wasnt on the starting line waiting its quite hard to claim enough times to qualify I guess.
   Notify does give a free WOF spin apparently.


Over 7 years BTC has gone up a gigantic amount, everything else in crypto bar maybe ETH will look a far worse bet in comparison as a ratio though I can hardly regret mining ETH.   Go to the main sections of this site and you will find many people who absolutely have no belief in crypto development outside of BTC, it is literally all **** to them.

I dont find that useful or productive as a great many possibilities exist for development outside of Bitcoin.  It might even be true BTC would have been in trouble if not for the surrounding blockchains, I know I would have been worse off from transaction fees if nothing else as Im just a small player.

  The majority of people are just pocket change speculators thats the world population really not all the focus on big money.   Hence I do find this token to be a useful project, it can serve people in quite a modest way its not that hard to justify.

  The total market capitalization is the correct assessment not a headline price set against one of the strongest performing assets theres ever been. They are reducing the total number of FUN overall while BTC is still increasing its total base in a fairly small way post halvenings.   If that is true it should help tighten the ratio between the two and eventually help the price.  Price alone contains all sorts of noise and is going to lead to bad conclusions just set off market sentiment which by itself isnt value.

I see a spike at end of 2023, remind me what that was again.   Goto candlesticks and we are still within the range of that initial move and it contained far more volume then we've traded since.

You are a little bit too much pessimistic in my opinion. Fun token team is doing token burning every 3 months, and more and more tokens are burnt each time. They don't plan to stop burnings while high returns investment plans on Freebitcoin and Binance won't last forever. So at some point, maybe in few years, FUN token value will start to mecanically appreciate. Speculators will FOMO on it and the price could pump heavily when it will happen.

Hopefully there won't be any other problems that we don't know about, I'm sure they won't forget to announce the winner of Lambo round 10 because everyone has probably been waiting for it since a few days ago, those who have no more than 3 golden tickets are also waiting for it because they too have a chance and a small chance of winning, I'm also curious because freebitcoin hasn't announced it yet, could it be that in this round the Lambo winner has fewer gold tickets, lol

But for the weekly lottery ticket winners everything seems to be going normally and everything is normal too, I think something doesn't look normal at this Lambo event, is there anything that should be prepared before announcing the Lambo winner, I don't follow how they pick the winners, I just found out that they announced it on twitter and I'm not very active on twitter right now, I'll probably wait for it also on twitter they see how they display all the list of tickets that will be published on their twitter, hopefully this round 10 is lucky for users who have golden tickets a little more, it might seem like something interesting. 

11 days have passed and the winner hasn't been determined yet. They haven't even published the tickets list on their twitter.
First, they should publish the tickets list on their twitter and the winner will be determined after 12 bitcoin blocks are mined after the list being published.

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That's right! That's exactly what I meant. Thank you! Catch a merit from me for that!

And since we still have this picture on FreeBitco.in site:



saying "PREVIOUS ROUND WINNERS", I think it should be updated because Round 9 is actually the pre-previous round.

I don't know why it's taking so long to update the info. It's interesting for all of us to know who is the winner and how many tickets he had, isn't it?

Maybe in the past, when crypto was still very new when there was a staking or locking feature it would make the price go up because the number of coins was limited on the exchange, making people really want to own it because the number was limited so stakers would get a profit when selling their staking results but unfortunately that no longer works like that.
Currently, this can be seen on FUN Token because the locking feature is not working as expected and the price continues to fall very deeply because the trading volume on the exchange is quite low, it would be better for this token to be traded more so that the market becomes more active and the volume increases and this is maybe it will increase the price though because it is too deep, it needs time and other good features to be attractive and make this price improve.

What nonsense are you talking about?

Here the question is that when the Fun token was adopted by the site the hope was that apart from the benefits that it gave you on the site itself, there would be a appreciation in the value of the token. Three years later, the opposite has happened. And if we look at the 7-year trend the only thing we see is a trend to 0, with two spikes, the initial one, as usually happens to this shitty tokens, and the second one when freebitco.in adopted it. From then on downwards.

I don't know about you but I buy when long term assets are trending up, like Bitcoin, not when the clear trend is to 0.

Of course, there are plenty of other tokens on the market that may be more promising during the altcoin season than the FUN token. I guess that skepticism about the future of this token may disappear in case of burning a huge part of the emission there.
p.s.
Unfortunately, it looks like locking FUN tokens on the freebitcoin site isn't enough to increase the value of this token.

The future is not bleak, if you need some vision aid perhaps the long sight for this particular token is you will continue to use it with this site.  If you dont have that usage then it might be harder to see but its a big site with alot of users so I presume that future will continue to apply, the token has an ongoing usage within that framework.

If you are speculating against a 10 year trend and have decided to conclude it will no longer apply then your chances of winning that bet are not good.  I wont say you are wrong just the logic appears off and you must have supreme confidence in your reasoning.    This site is long operating and established, Im connecting that to the progress of a token price as it does seem connected and seems a fair conclusion to me.

Trends do end, thats a fair take also but I'll need better reasoning.  Price is not sufficient reasoning all by itself, there is a big supply of FUN token thats all Im reading personally.   There is also a token burn in progress last I read.
  In 2007 people said house prices never go down, they figured the trend would continue and it was incorrect; I dont mind detail if there was some just not  price alone.  I do worry thats how BTC proceeds sometimes, the price went up so its good to buy

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