Freebitco.in - FUN Token Investment Experiment - page 17.

traderethereum

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Quote from: Strongkored on February 09, 2023, 07:25:12 AM

Quote from: piebeyb on February 08, 2023, 02:46:02 AM

maybe it will take time for the OP to break even also sometimes it can't be measured by time it could be that we get WOF results with big prizes and break even well it's all just a matter of time and I'm happy to invest in crypto long term because I bought FUN with fiat money on exchange so I'm going to focus on the value in fiat currency not on the exchange to BTC

Every investment definitely takes time to reach a break-even point or also be able to provide benefits for investors, that's why as an investor, you have to be observant enough to study it before deciding to invest and for now FUN token holders at freebitcoin only get a little benefit from WoF and that can reduce it a little time for break-even, maybe the breakeven point will be faster when freebitcoin hasn't updated the wof chance

What is important is that investors can patiently wait for the moment of price reversal from low to high prices.
Those who have invested FUN tokens can get other benefits offered by freebitco.in and those benefits will increase if they increase the number of FUN tokens on the site.
They can also get a return on investment in bitcoins if they have a BTC balance.
It will also be an added advantage for them besides investing in FUN tokens.

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Quote from: piebeyb on February 08, 2023, 02:46:02 AM

maybe it will take time for the OP to break even also sometimes it can't be measured by time it could be that we get WOF results with big prizes and break even well it's all just a matter of time and I'm happy to invest in crypto long term because I bought FUN with fiat money on exchange so I'm going to focus on the value in fiat currency not on the exchange to BTC

Every investment definitely takes time to reach a break-even point or also be able to provide benefits for investors, that's why as an investor, you have to be observant enough to study it before deciding to invest and for now FUN token holders at freebitcoin only get a little benefit from WoF and that can reduce it a little time for break-even, maybe the breakeven point will be faster when freebitcoin hasn't updated the wof chance

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Quote from: CryptSafe on February 08, 2023, 12:06:05 PM

Quote from: ranlo on February 08, 2023, 03:10:09 AM

I'm following this because I'm really interested in seeing how it all pans out. Looks like it's just a few months left for the results. TBH I feel like it's going to end in a net loss, but over time it's possible to recoup (net loss mainly because of the drop in FUN price between the first week and today).

Seems they are ready and prepared for the unfortunate to happen. Making loss I see is no big deal from them as they seems to have an alternative means to recoup their loss. They recouping is delibrately getting back from bettors and gamblers which would require them doing and going otherwise. It is funny though how it happens. I would not be surprised to see complaints in the nearest future from bettors and gamblers in respect to their accounts been suspended and banned for no just reason. I really want to see how this events would end and seeing the end result of it would be interesting because that would be the beginning of their saga.

I don't see that happening with FBTC itself. I don't really understand the relationship between them and the other places they advertise though... like how intertwined they are, who owns them, etc.

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Quote from: ranlo on February 08, 2023, 03:10:09 AM

I'm following this because I'm really interested in seeing how it all pans out. Looks like it's just a few months left for the results. TBH I feel like it's going to end in a net loss, but over time it's possible to recoup (net loss mainly because of the drop in FUN price between the first week and today).

Seems they are ready and prepared for the unfortunate to happen. Making loss I see is no big deal from them as they seems to have an alternative means to recoup their loss. They recouping is delibrately getting back from bettors and gamblers which would require them doing and going otherwise. It is funny though how it happens. I would not be surprised to see complaints in the nearest future from bettors and gamblers in respect to their accounts been suspended and banned for no just reason. I really want to see how this events would end and seeing the end result of it would be interesting because that would be the beginning of their saga.

ranlo

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I'm following this because I'm really interested in seeing how it all pans out. Looks like it's just a few months left for the results. TBH I feel like it's going to end in a net loss, but over time it's possible to recoup (net loss mainly because of the drop in FUN price between the first week and today).

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Quote from: babygun on February 07, 2023, 10:54:23 PM

Quote from: piebeyb on January 27, 2023, 01:45:43 AM

there's nothing bad about investing in FUN because there are lots of facilities to get from there, after all, when the price of bitcoin goes up, of course, the price of FUN goes up like the others, to be honest, I prefer to invest in freebitcoin than in BANK because I have calculated the profit, but just a suggestion for beginners, you have to do research first so you understand what to invest, especially in this freebitcoin

It is also not one on one correlated also. When the bitcoin price dropped to around 16,000$, the FUN token price dropped also a bit, but less than bitcoin; similar to when we will have a bull market, the price of FUN token will also rise a bit but less than BTC. The liquidity is also a lot lower offcourse.
Even if the FUN tokens would drop to zero, you would still end up in profit because of the extra interest and the WOF spins. Thanks to the experiment of Uneng, we will also see how long it takes before he breaks even.

maybe it will take time for the OP to break even also sometimes it can't be measured by time it could be that we get WOF results with big prizes and break even well it's all just a matter of time and I'm happy to invest in crypto long term because I bought FUN with fiat money on exchange so I'm going to focus on the value in fiat currency not on the exchange to BTC

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Quote from: piebeyb on January 27, 2023, 01:45:43 AM

there's nothing bad about investing in FUN because there are lots of facilities to get from there, after all, when the price of bitcoin goes up, of course, the price of FUN goes up like the others, to be honest, I prefer to invest in freebitcoin than in BANK because I have calculated the profit, but just a suggestion for beginners, you have to do research first so you understand what to invest, especially in this freebitcoin

It is also not one on one correlated also. When the bitcoin price dropped to around 16,000$, the FUN token price dropped also a bit, but less than bitcoin; similar to when we will have a bull market, the price of FUN token will also rise a bit but less than BTC. The liquidity is also a lot lower offcourse.
Even if the FUN tokens would drop to zero, you would still end up in profit because of the extra interest and the WOF spins. Thanks to the experiment of Uneng, we will also see how long it takes before he breaks even.

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Quote from: piebeyb on January 27, 2023, 01:45:43 AM

Quote from: LUCKMCFLY on January 26, 2023, 03:59:21 PM

Well, to tell the truth, I don't see it badly, if we start that if we put money in a bank they do not give an annual interest close to 24%, it is practically impossible for a bank to do that, here you are enjoying very good free rolls, you have something seen as an investment, if you start to see if freebitco.in in the future decides to expand the benefits for holders of fun tokens it will be something great, now, it seems very clear to me what you are showing and a way to see that the things without crypto despite the fact that an investment is not made and Bitcoin continues to be earned, it is a very good contribution and I hope you continue in the same vein, now if bitcoin increases in price and the FUN token will be great.

there's nothing bad about investing in FUN because there are lots of facilities to get from there, after all, when the price of bitcoin goes up, of course, the price of FUN goes up like the others, to be honest, I prefer to invest in freebitcoin than in BANK because I have calculated the profit, but just a suggestion for beginners, you have to do research first so you understand what to invest, especially in this freebitcoin

What really needs to be evaluated here is the ROI, I know that this is very taken into account for many, and most investors do not like to leave a lot of money in the long term, they want to obtain profits and some profitability in the medium and If it is possible in the short term it is better, but this is not written, everything is a risk, the fact of having some FUN tokens we will always be risking capital, it is like a lottery, if bitcoin grows in price that can help a lot, if it is it shows that it is proactically bullish, which everyone dreams of because it would be more interesting because the chances of growing in price for the token are great.

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Quote from: LUCKMCFLY on January 26, 2023, 03:59:21 PM

Well, to tell the truth, I don't see it badly, if we start that if we put money in a bank they do not give an annual interest close to 24%, it is practically impossible for a bank to do that, here you are enjoying very good free rolls, you have something seen as an investment, if you start to see if freebitco.in in the future decides to expand the benefits for holders of fun tokens it will be something great, now, it seems very clear to me what you are showing and a way to see that the things without crypto despite the fact that an investment is not made and Bitcoin continues to be earned, it is a very good contribution and I hope you continue in the same vein, now if bitcoin increases in price and the FUN token will be great.

there's nothing bad about investing in FUN because there are lots of facilities to get from there, after all, when the price of bitcoin goes up, of course, the price of FUN goes up like the others, to be honest, I prefer to invest in freebitcoin than in BANK because I have calculated the profit, but just a suggestion for beginners, you have to do research first so you understand what to invest, especially in this freebitcoin

Strongkored

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Quote from: LUCKMCFLY on January 26, 2023, 03:59:21 PM

Well, to tell the truth, I don't see it badly, if we start that if we put money in a bank they do not give an annual interest close to 24%, it is practically impossible for a bank to do that, here you are enjoying very good free rolls, you have something seen as an investment, if you start to see if freebitco.in in the future decides to expand the benefits for holders of fun tokens it will be something great, now, it seems very clear to me what you are showing and a way to see that the things without crypto despite the fact that an investment is not made and Bitcoin continues to be earned, it is a very good contribution and I hope you continue in the same vein, now if bitcoin increases in price and the FUN token will be great.

Surely if a bank provides interest of that size they will have difficulty returning it later, and keeping money in the bank is not profitable because even though the amount is fixed the value will decrease due to inflation and luckily Op if you look at his investment table he is still in a profitable position even when BTC goes up at the beginning of this year the price of FUN decreased by around 5 Satoshi and because Op has a large number of tokens 5 satoshi will really make his portfolio red quite a lot, so Op is still in a green position with his investment.
I can say he's made a good investment decision so far.

LUCKMCFLY

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Well, to tell the truth, I don't see it badly, if we start that if we put money in a bank they do not give an annual interest close to 24%, it is practically impossible for a bank to do that, here you are enjoying very good free rolls, you have something seen as an investment, if you start to see if freebitco.in in the future decides to expand the benefits for holders of fun tokens it will be something great, now, it seems very clear to me what you are showing and a way to see that the things without crypto despite the fact that an investment is not made and Bitcoin continues to be earned, it is a very good contribution and I hope you continue in the same vein, now if bitcoin increases in price and the FUN token will be great.

STT

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Linking the burn to revenue and net profit is smart, thats really big. I guess its not guaranteed but certainly feels like it should elevate the estimated worth of holding such a token. For such a large long standing successful website, if they were to regular burn in this way it would seem quite certain to create a spiral upwards in value long term. So long as BTC and just the idea of gambling on stuff continues I see much less doubt is justified on a hold. BTC is long-term so a year lock though not exactly convenient its really not too much to consider imo, think I will do this a bit more then I have been.

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Quote from: AbuBhakar on January 19, 2023, 03:37:21 AM

Quote from: ethereumhunter on January 19, 2023, 03:26:38 AM

Quote from: OcTradism on January 18, 2023, 10:44:34 PM

Quote from: DoublerHunter on January 18, 2023, 05:32:00 PM

^That is not bad as long as you hold it for a long time and set a goal of profit. Because the market already grew up altogether with BTC and that is the reason you bought tokens at a higher price. But that is not a problem if you set a goal of taking a profit, as they have said, there are no called losses if you will not sell your token under the price where you purchased it. Gambling tokens will take time to arise even though the market shows resistance it just because of the low trading volume.

Buying altcoins when market is very bullish is risky if you don't exit at right times even you have to accept a draw or minor loss. It is more risky when you buying altcoins in bear market which with a downtrend will continue many months. Along their downtrend, there are bounces that are chances for buyers who joined at top to cut their loses or for smart people who rejected to join at tops and waited patiently to buy around bouncing points and get profit.

Very little people who have good discipline to cut loss and have enough patience to wait for bouncing points to hop on and get profit.

A bear market has yet ended so if you want to buy FUN token, it is good but remember to have a plan that last longer than 1 year. Within 1 year or longer, make sure you dollar cost averaging FUN token and have enough patience to wait for bull run in 2024 and 2025.

Now is a good time to buy FUN tokens as the price hasn't increased too much. We must have a plan for how long we can invest in FUN tokens and don't forget to invest in bitcoin because bitcoin is our main investment. I can't imagine how high the FUN token price will be when the altcoin season comes to the market. The price may exceed our expectations, which is what investors who have been saving and staking FUN tokens for a long time will get.

And make sure only to buy FUN tokens when the price drops, which will trigger a drop in the bitcoin price. It will be a good moment to buy FUN tokens so you can buy them in large quantities.

The problem on investing with FUN tokens was it’s supply is very massive which is 10+Billion tokens in circulation. This kind of tokens usually very hard to be pump especially if the utility is just for the token. Although it’s circulating supply is already closed to the maximum supply, Lowering the total supply will be a great feature from this token since this is not the original native coin of Freebitco.in.

I don’t know if there’s a token burn feature of this token but adding it will surely gives boost to the price since the circulating supply is already near to the max limit.

Maybe that's true but I think the developers still have other plans for the project so we just feel that such tokens are very hard to pump. If you look at Dogecoin's past journey, you will see that its huge supply has made it just a coin used for gambling. But once the pump comes, Dogecoin can increase so much and no one even thought that Dogecoin could get such a big pump.

You can read the reply from @uneng about the token burning feature that the team has carried out. Maybe this is a good sign of the project and certainly, it could reduce the circulating supply later.

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Quote from: seoincorporation on January 19, 2023, 01:32:03 PM

Quote

Total investment potential will be reached after 360 days holding.

Why did you set the goal in time and not in % of the profit? you could stop and withdraw when you double up your investment, unless you had locked the fun for 1 year.

Because I want to see how much profit can be made once all benefits of the premium program are unlocked, that is after 1 year.

I'm not locking FUN for one year entirely at once. I lock for 1 month time periods, sell the surplus FUN for BTC, and lock again for another month. Just locked for 3 months once, but I'm not going to do this now, since BTC price is rising up and I might end earning less satoshis per FUN if I take too long to sell them.

Quote from: seoincorporation on January 19, 2023, 01:32:03 PM

If they are locked would be cruel to see a new ATH and won't be able to withdraw the money. An important part of an investment is accessibility to cash out at any moment that we want. But here while more time we lock then bigger is the profit. So, is like flipping a coin. Good luck with the experiment.

True. Thank you!

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Quote

Total investment potential will be reached after 360 days holding.

Why did you set the goal in time and not in % of the profit? you could stop and withdraw when you double up your investment, unless you had locked the fun for 1 year.

If they are locked would be cruel to see a new ATH and won't be able to withdraw the money. An important part of an investment is accessibility to cash out at any moment that we want. But here while more time we lock then bigger is the profit. So, is like flipping a coin. Good luck with the experiment.

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Quote from: uneng on January 19, 2023, 11:58:06 AM

Indeed, huge supply is always a cons when investing in altcoins, because it difficults token's price to rise consistently.

But there is a burning feature already every quadrimester, as we can see on official FUN website. I mentioned this days ago in freebitco.in's thread, as you can see quoted below:

-snip

Interesting, didn't saw this news before but is indeed a positive one; too bad they only do quarterly burns. Checked the price of the FUN tokens but didn't really see an impact on the price; which you should expect however.

uneng

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Quote from: AbuBhakar on January 19, 2023, 03:37:21 AM

The problem on investing with FUN tokens was it’s supply is very massive which is 10+Billion tokens in circulation. This kind of tokens usually very hard to be pump especially if the utility is just for the token. Although it’s circulating supply is already closed to the maximum supply, Lowering the total supply will be a great feature from this token since this is not the original native coin of Freebitco.in.

I don’t know if there’s a token burn feature of this token but adding it will surely gives boost to the price since the circulating supply is already near to the max limit.

Indeed, huge supply is always a cons when investing in altcoins, because it difficults token's price to rise consistently.

But there is a burning feature already every quadrimester, as we can see on official FUN website. I mentioned this days ago in freebitco.in's thread, as you can see quoted below:

Quote from: uneng on January 15, 2023, 12:49:22 PM

Well, this is good news, although the burned tokens correspond to 0,16% of total supply. The more they burn tokens, the better for stability and price increasement on long term. Results are quite positive, since the burning rate is increasing each new quadrimester:

Q4 2022 Burn Announcement

Check the link on the quote above for more informations.

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Quote from: Ryker1 on January 18, 2023, 05:11:55 AM

Quote from: uneng on January 17, 2023, 05:00:29 PM

^[snip]
Did you already start receiving your daily spin?

It is a nice thread to follow @uneng.
Actually, I have an account on Freebitco.in but I did not open it for a long time, I was sometimes busy and I was not able to collect the free sats given on the faucet. But now --my interest was back upon reading this thread.
So my question is --is that free spin automatically pop-up in your account daily? --like 13 free spins daily?

Yes, it's great for those who also do the same thing or to those who are thinking they will do it. They can check this thread first and see the feedbacks of the people here if it's really worth it or not. Many can relate on your story and that includes me of course.

The reason why is because I got bored claiming thinking that I will never get anything good and it's only wasting my time but then the urge suddenly goes back again after some time especially after I check the freebitco's main thread and I see people there winning big through lottery and hourly faucet claims. Investing in freebit helps us to earn a passive income. Perfect if we are bored and lazy.

pawanjain

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Nothing lasts forever

This is an interesting thread. I have around 6k FUN tokens in my freebitco.in account. I like spinning the WoF spins and getting some sats for free.
Just 6 more months and your investment period will come to an end. It will be interesting to see the results.
Since the prices of crypto have spiked up recently I guess the price of FUN token will rise in the span of next months too.
I hope we see some nice gains at the end.

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Quote from: uneng on January 15, 2023, 10:27:56 PM

I decided to move the topic to gambling section, as it was suggested to me months ago, so more people can get aware of the experiment, on the contrary of Securities section, which isn't known or visited by most forum members.

Moreover, it's part of an investment at a crypto casino platform, so I think it also fits here.

It took you more than six months to act upon the suggestion to move this thread to the gambling section; it seems hilarious (JK). However, thnx for sharing this post and your experience on the same. It looks pretty exciting and would be beneficial for many of us.

Topic: Freebitco.in - FUN Token Investment Experiment - page 17. (Read 4909 times)