Freebitco.in - FUN Token Investment Experiment - page 18.

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Quote from: nakamura12 on January 19, 2023, 04:07:51 AM

I am wondering if op can share the update of his investment in freebitco.in and see the result.

You just need to read a bit above from the post that he has made recently. He has given an update on how his investment with FUN is currently doing. It doesn't need to have some numbers if it's going to come from him.

You can rely on this update below and I'll quote it for you.

Quote from: uneng on January 18, 2023, 03:11:45 PM

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.

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Quote from: bitcampaign on January 18, 2023, 05:55:02 PM

Quote from: campica on January 18, 2023, 01:12:11 PM

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

in WOF there is a reward of 5k satoshi if he gets more than 100 spins WOF collects all of the profits as a premium user, if he is lucky to get 20x out of 100 spins of WOF he gets 5k satoshi it is already returning returns too in my opinion Wink

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I am wondering if op can share the update of his investment in freebitco.in and see the result. When I know about fun token on freebitco.in it makes me wanna buy fun token even if it is a small amount to hold it on their website and see the result later on. If it is good in my opinion even for a small amount then I'll continue doing it. I was thinking the same as op which is to try or let's say experiment in freebitco.in by investing in fun token.

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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.

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.

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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.

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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.

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Quote from: bitcampaign on January 18, 2023, 05:55:02 PM

Quote from: campica on January 18, 2023, 01:12:11 PM

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.

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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.

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Quote from: campica on January 18, 2023, 01:12:11 PM

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

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Quote from: campica on January 18, 2023, 01:12:11 PM

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.

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Quote from: uneng on January 18, 2023, 03:11:45 PM

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.

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

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.

Quote from: campica on January 18, 2023, 01:12:11 PM

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.

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Quote from: campica on January 18, 2023, 01:12:11 PM

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.

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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

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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.

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Quote from: piebeyb on January 17, 2023, 01:02:46 AM

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

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Quote from: Daltonik on January 18, 2023, 04:41:29 AM

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.

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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?

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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.

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

Quote from: piebeyb on January 17, 2023, 01:02:46 AM

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

Topic: Freebitco.in - FUN Token Investment Experiment - page 18. (Read 4909 times)