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Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 702. (Read 562269 times)

legendary
Activity: 2562
Merit: 1414
-snip
And on the contrary, almost everyone who writes here is educated and smart people.

Not really Smiley
 
But I also think that 45% is also very suspicious and a large figure, although it may be acceptable for some crypto coins.  But many people are accustomed to counting the annual interest on deposits in dollars or national currencies, and of course such large numbers seem to them to be a hoax or a Ponzi scheme. Smiley

It seems that you are not reading what I wrote properly. It 45% APY ( approximately per year ) capped at only 14 days saving which means after 14 days, you wont be able to get that deal anymore. Its a one time deal for 14 days with only 1.72% for the whole 14 days, 1.72% is not that big even if you go for the max cap of 100k token

because everything about it screams "red flag."

Maybe voice your concern to binance directly instead of posting in this thread? 1.72% ( 0.123% daily ) for a one time deal of 14 days is not a red flag. Pancakeswap and some other DEX offer around 0.25% daily on average on most their staking feature
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
Can someone explain this to me like I'm a dummy?  How can you possibly earn a guaranteed 45% APY over any period of time?  All conventional wisdom says anything like this is a ponzi scheme, so I must be missing something.

You need to read the term and conditions for the 45% APY savings.

It is 45% APY for only 14 days locked savings. That break downs to 0.123% per day so total of 1.72% for 14 days. Individual cap of 100,000 FUN Token and total cap of 2M FUN Token so even if someone put in 100k token that would be an extra of 1720 FUN after 14 days

This is only to incentive people to stop trading their FUN Token and save it instead, not to give free money to everyone else

The true percentage over 14 days doesn't matter because it's expressed as 45% APY.  Expressing it in APY standardizes the percent so it is comparable to other percentage yields of different durations.  Nothing else pays that high and anything that guarantees yields like that are usually scams.  That's what I'm trying to reconcile, why they can afford to pay such a high interest rate and why I shouldn't regard this as something fundamentally broken, because everything about it screams "red flag."
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
FUN Token Listed on Binance Savings - Earn Up To 45% APY!

2. Locked Savings: Tokens are locked in for a fixed period of time. You earn a higher rate of interest with Locked Savings.

With the Locked Savings program, you can earn up to 45% APY on your holdings! Subscriptions to Locked Savings are capped and on a first-come, first-served basis.

Can someone explain this to me like I'm a dummy?  How can you possibly earn a guaranteed 45% APY over any period of time?  All conventional wisdom says anything like this is a ponzi scheme, so I must be missing something.
Okay, FUN is a token owned by Freebitco.in
Binance is one of the largest and trusted Bitcoin exchange in this world, they also own the coinmarketcap.

You can trade FUN token on Binance and the existence of FUN hasn't started some months ago, it's very old coin. 45% APY on FUN is some kind of promotion that benefits the business and token. It's advertised on Binance, the exchange with the highest traffic and locked funds mean something like this: When there is a high demand on thing X and it's not available, the price on thing X increases. Overall, 45% APY on Binance is both, marketing and locked funds that can synergistically increase the price.

It's just an offer from Binance, they have necessary funds, scam won't happen unless Binance plans to scam its customers. And if you only think about 45% APY, it's not the APY of USD but the FUN token itself that was 0.068 in 4 April and is 0.016 today! If the price goes down from this point more than 45%, then you aren't actually benefiting from your holdings.

legendary
Activity: 2702
Merit: 1465
Can someone explain this to me like I'm a dummy?  How can you possibly earn a guaranteed 45% APY over any period of time?  All conventional wisdom says anything like this is a ponzi scheme, so I must be missing something.

You need to read the term and conditions for the 45% APY savings.

It is 45% APY for only 14 days locked savings. That break downs to 0.123% per day so total of 1.72% for 14 days. Individual cap of 100,000 FUN Token and total cap of 2M FUN Token so even if someone put in 100k token that would be an extra of 1720 FUN after 14 days

This is only to incentive people to stop trading their FUN Token and save it instead, not to give free money to everyone else
I absolutely don't think BTT users are stupid (dummys Smiley).  And on the contrary, almost everyone who writes here is educated and smart people.  But I also think that 45% is also very suspicious and a large figure, although it may be acceptable for some crypto coins.  But many people are accustomed to counting the annual interest on deposits in dollars or national currencies, and of course such large numbers seem to them to be a hoax or a Ponzi scheme. Smiley
legendary
Activity: 2562
Merit: 1414
Can someone explain this to me like I'm a dummy?  How can you possibly earn a guaranteed 45% APY over any period of time?  All conventional wisdom says anything like this is a ponzi scheme, so I must be missing something.

You need to read the term and conditions for the 45% APY savings.

It is 45% APY for only 14 days locked savings. That break downs to 0.123% per day so total of 1.72% for 14 days. Individual cap of 100,000 FUN Token and total cap of 2M FUN Token so even if someone put in 100k token that would be an extra of 1720 FUN after 14 days

This is only to incentive people to stop trading their FUN Token and save it instead, not to give free money to everyone else
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
FUN Token Listed on Binance Savings - Earn Up To 45% APY!

2. Locked Savings: Tokens are locked in for a fixed period of time. You earn a higher rate of interest with Locked Savings.

With the Locked Savings program, you can earn up to 45% APY on your holdings! Subscriptions to Locked Savings are capped and on a first-come, first-served basis.

Can someone explain this to me like I'm a dummy?  How can you possibly earn a guaranteed 45% APY over any period of time?  All conventional wisdom says anything like this is a ponzi scheme, so I must be missing something.
copper member
Activity: 1485
Merit: 23
freebitco.in Official PR Account
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hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2

I think the hi/low game with the 5% house edge just became a novelty thing for faucet users to spend their dust on ...and serious gamblers never used it for too long, because as you said... many other Crypto casinos are offering much better odds on their dice games.


I am sure they have plenty of serious gamblers. They would not be able to give away a lambo every six months if that were not the case. They would not even be able to sustain the faucet just from small gamblers. There is not any advertising on the site so the money for all these giveaways has to come from somewhere.
So you do have suspicions on where these funds do came from? Imagine on how old this site and and how long its been operating.It isnt really just impossible that they would be giving out these decent prizes or promotions.

They might not really that active when it comes to advertisement but you dont now on how popular or well known this site is.So you had mentioned about funds used on giveaways then what you do have in mind?

They wont be giving out if they werent profitable in the first place.

You can just check the daily jackpot, monthly wagering contest and daily wagered on the stats page to see that we have as many if not more serious gamblers than all the other sites. Serious gamblers look at the whole package and don't have a blinkered view of just the HE.
hero member
Activity: 2730
Merit: 632

I think the hi/low game with the 5% house edge just became a novelty thing for faucet users to spend their dust on ...and serious gamblers never used it for too long, because as you said... many other Crypto casinos are offering much better odds on their dice games.


I am sure they have plenty of serious gamblers. They would not be able to give away a lambo every six months if that were not the case. They would not even be able to sustain the faucet just from small gamblers. There is not any advertising on the site so the money for all these giveaways has to come from somewhere.
So you do have suspicions on where these funds do came from? Imagine on how old this site and and how long its been operating.It isnt really just impossible that they would be giving out these decent prizes or promotions.

They might not really that active when it comes to advertisement but you dont now on how popular or well known this site is.So you had mentioned about funds used on giveaways then what you do have in mind?

They wont be giving out if they werent profitable in the first place.
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino

I think the hi/low game with the 5% house edge just became a novelty thing for faucet users to spend their dust on ...and serious gamblers never used it for too long, because as you said... many other Crypto casinos are offering much better odds on their dice games.


I am sure they have plenty of serious gamblers. They would not be able to give away a lambo every six months if that were not the case. They would not even be able to sustain the faucet just from small gamblers. There is not any advertising on the site so the money for all these giveaways has to come from somewhere.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Running of Faucet was their business model from the very beginning. When bitcoin's price started to rise, it was just really impossible for them to operate only via simple dice and faucet as they had. They couldn't give away normal rewards and people aren't attracted to low rewards, so, they changed their business model. If I amn't mistaken, they started by offering 4% interest on your deposit money and then they started massive development and you'll see the result (but I hope they'll dramatically change their User Interface).
As far as I remember they always had that dice, hi/lo or whatever you want to name it game there. It was always one of the highest house edges in all of crypto world, when they first started with the 5% that was seen as something horrible at the time because many places had 1% and some even tried to drop that as well to get some more customers so when one place showed up and said flat out its 5% house edge everyone went crazy and I have to be honest I didn't think it would survive for too long that way.

However with the free faucet, lottery, rewards and many alike free things people soon realized that the 5% is something worth doing in exchange of so much free stuff given to you and that is how they grew big. Which is why they didn't set out to be just a free faucet, they set out to be something bigger and that is what we are seeing right now, them being so much bigger.

I think the hi/low game with the 5% house edge just became a novelty thing for faucet users to spend their dust on ...and serious gamblers never used it for too long, because as you said... many other Crypto casinos are offering much better odds on their dice games.

The thing is, the average faucet user do not gather enough from the free Satoshi to reach the withdrawal limit or to even have enough to make a withdrawal worth it, so they will rather risk it on the Multiplier to make it worth their effort if they win anything.  Roll Eyes

Some users have invested in a good referral network, so they earn enough to splash some coin on the Multiplier and they could care less if the house edge was 1% or 10%... because they see the passive income from the referral side as free money.  Cheesy
legendary
Activity: 2464
Merit: 1102
Running of Faucet was their business model from the very beginning. When bitcoin's price started to rise, it was just really impossible for them to operate only via simple dice and faucet as they had. They couldn't give away normal rewards and people aren't attracted to low rewards, so, they changed their business model. If I amn't mistaken, they started by offering 4% interest on your deposit money and then they started massive development and you'll see the result (but I hope they'll dramatically change their User Interface).
As far as I remember they always had that dice, hi/lo or whatever you want to name it game there. It was always one of the highest house edges in all of crypto world, when they first started with the 5% that was seen as something horrible at the time because many places had 1% and some even tried to drop that as well to get some more customers so when one place showed up and said flat out its 5% house edge everyone went crazy and I have to be honest I didn't think it would survive for too long that way.

However with the free faucet, lottery, rewards and many alike free things people soon realized that the 5% is something worth doing in exchange of so much free stuff given to you and that is how they grew big. Which is why they didn't set out to be just a free faucet, they set out to be something bigger and that is what we are seeing right now, them being so much bigger.
legendary
Activity: 2604
Merit: 2353
Wow, that's a solid win, mate, congrats! I can't imagine myself betting such amount, 0.002 BTC, with those odds. But, as they say, "No guts, no glory". Smiley



As of me, I lost my bet on the "$30,001 - $35,000" range



Why? Because BTC decided to stay just a bit above $35k at the decisive moment, and then it moved back to "$30,001 - $35,000" couple of hours later. What a joker this Bitcoin is! Smiley

I'm glad I staked only 2k sats, bc I was really contemplating a much higher stake -  the range looked so terribly likely.
Thank you. For the BTC price it's the same for me, I've bet on the 3 ranges between 25k-40k but I didn't make any profit at the end and I even got a small loss. While for the bet on the Ethereum price I bet on 5 ranges (lol) between 1250 and 2500$ and I finally get some winnings.  Tongue
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
I think we have 48 hours to use the ticket since the time it arrives in our inbox,

It's actually 48 hours from when we send it. Delays in your email provider delivering it to you are beyond our control.

I had two emails from freebitco.in and I used the oldest one first and I was able to use the free spin.
Then I used the latest one which was received 8 hours ago before attempting to use the free spin.
I opened the mail and clicked on the ticket but for some reason the new tab with WOF was closed.
Then I tried to open it again and the error message for expired ticket was displayed on the screen.
This was weird because it shouldn't have expired before entering the captchs. I clearly didn't use the captcha at that time.
May be it was some sporadic technical issue.
copper member
Activity: 1485
Merit: 23
freebitco.in Official PR Account
FUN Token Listed on Binance Savings - Earn Up To 45% APY!

Another day, another milestone. FUN Token has been listed on the Binance Savings platform which means you can now make the most of your FUN Token holdings!

The Binance Savings program allows users to turn their accounts into personal crypto saving accounts. You have two savings options:

1. Flexible Savings: Holders can subscribe their tokens to the program, earn interest, and redeem them anytime.

2. Locked Savings: Tokens are locked in for a fixed period of time. You earn a higher rate of interest with Locked Savings.

With the Locked Savings program, you can earn up to 45% APY on your holdings! Subscriptions to Locked Savings are capped and on a first-come, first-served basis. Click here to get started.

Thanks to the incredible support from FreeBitco.in's user base, FUN Token has gone from strength to strength over the last few months. And now, FUN Token's first major casino after FreeBitco.in's acquisition - DPLAY - is coming soon! Stay tuned for further details.

sr. member
Activity: 2170
Merit: 254
Top-tier crypto casino and sportsbook

Why? Because BTC decided to stay just a bit above $35k at the decisive moment, and then it moved back to "$30,001 - $35,000" couple of hours later. What a joker this Bitcoin is! Smiley

I'm glad I staked only 2k sats, bc I was really contemplating a much higher stake -  the range looked so terribly likely.

I am glad that I placed, at the last moment, also a bet on the range $35,001 to $40,000, so my loss is minimal. I would have had a small profit if it ended in the $30,001 - $35,000 range... Price keeps volatile and fluctuating, but this time it was really a close call  Wink.
legendary
Activity: 3374
Merit: 2198
🌀 Cosmic Casino
~
Yesterday I've been a bit lucky too. I don't know why I've bet on Switzerland but "I got a feeling"...
"That tonight's gonna be a good night..." LOL A pretty good night for Switzerland, but also for me Tongue



Wow, that's a solid win, mate, congrats! I can't imagine myself betting such amount, 0.002 BTC, with those odds. But, as they say, "No guts, no glory". Smiley



As of me, I lost my bet on the "$30,001 - $35,000" range



Why? Because BTC decided to stay just a bit above $35k at the decisive moment, and then it moved back to "$30,001 - $35,000" couple of hours later. What a joker this Bitcoin is! Smiley

I'm glad I staked only 2k sats, bc I was really contemplating a much higher stake -  the range looked so terribly likely.
newbie
Activity: 3
Merit: 0
TheQuin, could you answer to my PM that I send to you? Thanks!
hero member
Activity: 2464
Merit: 594
I would say that it may actually worth it if you think you can enjoy it. Not to just make some fun tokens here, which is not good enough reason because why would you learn to play poker for just one thing if you are not going to be enjoying it later, but because it is such a big market and it is such a fun game. I personally played it for a long time and I really like it, yet sometimes it feels like I am waaaaay too unlucky so it is not a game that you can play for a long time online without getting angry at all, sometimes you just get way too angry over the cards you get.
~snip
You are right there that it is worth playing the game when you are satisfied and not just with what is to be won.  I had planned to study how to play this just in case when I tried to play on various crypto gambling sites, and almost all I could see were other card games just like blackjack, whether it's original or live games.  That's it and I just became obsessed with BJ and I forgot about poker.  I was able to search for how to play it but it seemed complicated, and in those days I knew that playing BJ was relatively easy.
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
I think we have 48 hours to use the ticket since the time it arrives in our inbox,

It's actually 48 hours from when we send it. Delays in your email provider delivering it to you are beyond our control.
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