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Topic: Freebitco.in - FUN Token Investment Experiment - page 18. (Read 4811 times)

legendary
Activity: 2380
Merit: 1082
Leading Crypto Sports Betting & Casino Platform
^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.
I think that supply was one of the major reasons why I didn't buy the token for a long time before now, and this is because I felt that tokens with that much in total supply hard grow in price most especially when they have a very limited usage for the token.
I think i discussed about this on the freebitco's official thread sometime in the past, I was later convinced to invest some small amount in it to see how it goes, and one thing I've discovered is that, even with the huge supply, you are still likely to profit if you buy it and stake it on Freebitco, if the price relatively remain stable, the interest you earn as well as your possible winnings from WOF is likely to cover any loss incurred from holding the token, this is if the token price does not go up significantly during the time you are holding it.
hero member
Activity: 1022
Merit: 525
🇵🇭
^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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
^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.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  Undecided . I hope FUN token will rise just to get back what  I invest.
it's ok guys because if your WOF generates a lot of luck and bonuses when spinning it will generate some satoshi, so I don't think there is anything to lose holding FUN because it will also bring another chance to get prizes as a premium account
Adjustments made by freebitcoin make it rare for you to be able to get big prizes from WoF, it's really fun before there are adjustments you can get big prizes at least 1x a week (if you keep playing them every day) sometimes even more, that's how investment works there is always a risk to bear.
hero member
Activity: 1722
Merit: 801
^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.
sr. member
Activity: 1890
Merit: 268
Vave.com - Crypto Casino
Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  Undecided . I hope FUN token will rise just to get back what  I invest.
it's ok guys because if your WOF generates a lot of luck and bonuses when spinning it will generate some satoshi, so I don't think there is anything to lose holding FUN because it will also bring another chance to get prizes as a premium account
hero member
Activity: 2590
Merit: 644
Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  Undecided . I hope FUN token will rise just to get back what  I invest.
^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.
sr. member
Activity: 2142
Merit: 254

Thanks! As Bitcoin's price rises, FUN is likely to stay a little behind, because it doesn't rise on the same proportion of BTC, but if you compare FUN to Dollar currency you will see FUN's price is also getting more valuable anyway. In order to recover the sum of Bitcoin you firstly invested, Bitcoin has to crash a little bit, so for each FUN you have, it's likely you will earn more BTC on the sale's act, as FUN's price is more stable.

Like any cryptocurrency, it is an investment of risk! Don't put money here you can't afford to lose!

In my case, right now it would be a good idea to sell my FUN, so I could still profit 2 satoshis on each, besides profit made during the time period the investment has been going on. If FUN falls below 30 satoshis, I'm also going to be in partial loss, since I bought my tokens for 30 satoshis each. But that is a risk I'm going to take to continue this experiment until the end.

You are right in that. When the bitcoin price dropped to around 15,000 - 16,000 $, the FUN price also dropped in dollar, but against BTC, it dropped less so the value went up until around 40 satoshis. But in the end, the price of the FUN tokens will not really matter as after +/- 1 year you will have your investment back thanks to the WOF and the daily interest. Keep us updated and as I always like to see experiments like this.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
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, the spins automatically pop up in our accounts daily and get accumulated until you use them.

You can see them on the faucet's page, on the top, inside this yellow box:



Click the "Play them here!" link and roll all at once or one at a time.



Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  Undecided . I hope FUN token will rise just to get back what  I invest.
Thanks! As Bitcoin's price rises, FUN is likely to stay a little behind, because it doesn't rise on the same proportion of BTC, but if you compare FUN to Dollar currency you will see FUN's price is also getting more valuable anyway. In order to recover the sum of Bitcoin you firstly invested, Bitcoin has to crash a little bit, so for each FUN you have, it's likely you will earn more BTC on the sale's act, as FUN's price is more stable.

Like any cryptocurrency, it is an investment of risk! Don't put money here you can't afford to lose!

In my case, right now it would be a good idea to sell my FUN, so I could still profit 2 satoshis on each, besides profit made during the time period the investment has been going on. If FUN falls below 30 satoshis, I'm also going to be in partial loss, since I bought my tokens for 30 satoshis each. But that is a risk I'm going to take to continue this experiment until the end.
legendary
Activity: 2380
Merit: 1082
Leading Crypto Sports Betting & Casino Platform
Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  Undecided . I hope FUN token will rise just to get back what  I invest.
Well, like one of the general rules of investing in crypto says, you have not lost until you sell, what i can advice you do is to stake it on freebitco, and stop watching the price for the time being, it will surely rise again, all that is needed is time, at least a test we saw recently is that as bitcoin went up from about 17k to 21k right now, Fun token has also risen from 0.006 to 0.007, that's a good sign that ones we hit a major bull season, the price will go up significantly.
full member
Activity: 645
Merit: 145
Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  Undecided . I hope FUN token will rise just to get back what  I invest.
STT
legendary
Activity: 4004
Merit: 1428
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Gambling would be most relevant reference for this investment as the token is most applicable to active users of a gambling website.   Not many blockchains could restrict themselves to merely users and anyone can hold but the largest benefit is given back as some kind of yield while using the website and with a hold of this token.   This website is so large it can get away with a site only yield rather then a normal dividend given to most asset types for any owner.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot   Wink
Actually, if you do what you are doing right now by sending FUN Tokens from Binance exchange to your freebitcoin account, it's not worth it at all because it will increase your costs so that your investment will take longer for ROI, I checked on the Binance fee withdrawal list 530 FUN, it will be more efficient to buy directly on freebitcoin https://www.binance.com/en/fee/cryptoFee
hero member
Activity: 2912
Merit: 556
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I also have an account on freebitco for a long time, but now I mainly use free spins and the wheel of fortune to get lottery tickets to participate in lottery draws, of course, and the FUN token can make a profit with a successful market reversal, so of course you can invest in it.
That's what I also did with my freebitco.in the account, I thought of depositing more FUN tokens to that site to get additional WoF and rewards from locking up FUN tokens. Perhaps, this is a good way to go, given that the market hasn't fully recovered yet, and while waiting for the market to recover, we can get more FUN tokens we can sell when the price goes high.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
[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?
legendary
Activity: 2534
Merit: 1490
I also have an account on freebitco for a long time, but now I mainly use free spins and the wheel of fortune to get lottery tickets to participate in lottery draws, of course, and the FUN token can make a profit with a successful market reversal, so of course you can invest in it.
legendary
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
okay I understand a bit now so the profit depends on how long we hold the FUN that will give us the advantage, I think we have to lock it for a certain time, thank you for explaining, I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot   Wink
Did you already start receiving your daily spin?

These are the premium program's benefits you have access by having FUN on your account for determined periods of time (doesn't necessarily need to lock, just to have the FUN in your account). On this example we can see the top tier (500,000 FUN) benefits:

I suggest you going to the website and checking the respective benefits for your currently held number of FUN tokens.
yes I've seen it on my freebitcoin account WOF is free to play but I prefer to collect it, thanks for your explanation yesterday, apparently it's easy and not difficult without having to lock it, so we just have to hold FUN on. over a period of time, good thread @uneng
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
okay I understand a bit now so the profit depends on how long we hold the FUN that will give us the advantage, I think we have to lock it for a certain time, thank you for explaining, I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot   Wink
Did you already start receiving your daily spin?

These are the premium program's benefits you have access by having FUN on your account for determined periods of time (doesn't necessarily need to lock, just to have the FUN in your account). On this example we can see the top tier (500,000 FUN) benefits:

I suggest you going to the website and checking the respective benefits for your currently held number of FUN tokens.



These are the rewards you will receive after locking your FUN for determined period of time:


On the example above, 10% APY (annual percentage yield) must be divided for 12 (months of the year) to reach the result of how much you are going to profit, so 10% of 500 FUN is 50 / 12 = 4 FUN profit after a month.

To maximize profits from premium program it's better to lock FUN as well simultaneously, so you earn from both sides.



Hey uneng, I didn't see your thread until now, just popping in to say "wow" what a commitment and good luck, I'm sure you're already way in profit now and with BTC recovering well, you could be looking at a great savings return.

Like you, I see FUN solely for the Premium benefits, I'm collecting spins myself on my second year, locking it simply to get the APY.

Good luck!!
Hey, @slaman29, thank you! Good to see freebitco.in's active users following the experiment. Let's see how much profit it's going to be made after one year holding FUN.
legendary
Activity: 2674
Merit: 1226
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Hey uneng, I didn't see your thread until now, just popping in to say "wow" what a commitment and good luck, I'm sure you're already way in profit now and with BTC recovering well, you could be looking at a great savings return.

Like you, I see FUN solely for the Premium benefits, I'm collecting spins myself on my second year, locking it simply to get the APY.

Good luck!!
legendary
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
yesterday I tried to buy 5000 FUN and it didn't lock it so I didn't get any benefits as a premium member, I thought I don't need to lock it I can get the benefits but I didn't, I think I need to think again to lock it later, I need to add my cold money again On the other hand, being a premium member seems like fun
You don't need to lock FUN to receive premium benefits. It's just that premium program doesn't start working immediately. You will start receiving rewards after 24 hours you deposited or acquired FUN in your account.

Locking FUN only relates to the staking program, which is another thing.
okay I understand a bit now so the profit depends on how long we hold the FUN that will give us the advantage, I think we have to lock it for a certain time, thank you for explaining, I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot   Wink
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