Pages:
Author

Topic: Freebitco.in - FUN Token Investment Experiment - page 19. (Read 4811 times)

legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
I understand your frustration, which is quite common when investing in altcoins. That is actually the reason why I avoid such investments.

However, what motivated me to acquire FUN isn't its growing potential, staking or even extra WoF spins, but raised interest rates on Bitcoin balance.

If you have a decent amount of BTC invested in freebitco.in, to hold some FUN becomes more interesting, as you can see on the monthly spreadsheets.

12,500 FUN gives you access to the best cost-benefit premium program tier.

For me the biggest advantage is if you are a regular casino player, in my case I am not, although I have an account and I go from time to time, but the extra interest does not attract me at all, for the same reason that I commented in another post.

For them to give me an interest I lose control of my bitcoins, so I only have a small part there, even though it is a very reputable site, but very reputable sites we have seen go down. And as for the extra, it is 25% on 4.08%, or 1.02% more, making a total of 5.10%. For me it is not worth it because in the long term investing in bitcoin will have a much greater difference in profitability than that 1.02%, and it is also safer.
legendary
Activity: 2954
Merit: 1159
I bought fun tokens when they were launched on the freebitco.in website and after a few months I ended up selling them at a loss because the performance was much worse than the price of bitcoin. In other words, it was more profitable to invest in bitcoin what you had invested in Fun tokens and the difference in profitability compensated you for the extras you get in freebitco.in and you have more to spare.

After selling I have not followed the evolution of the price, but now I have just looked at CMC and I see the price of the token is not rising. Not worth in my opinion.



You need to understand that when bitcoins dumps, altcoins always dump more than the bitcoin. Similarly, when bitcoin pumps, altcoins always pump more than the bitcoins. This is why we see in this bear season that Fun token along with other altcoins dump more than bitcoin.

Also, the whole year 2022 was a downtrend for bitcoin, hence you will find the prices of altcoin on constant decline. Anyways you have sold your fun token, but if you had patience, you could have hold them till the next bull run and you would not have to bear the loss.
hero member
Activity: 2744
Merit: 588
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.

Investing in tokens like FUN seems worthwhile if you do believe that the platform will survive.
And with freebitco, one of the oldest crypto sites that most of us have encountered, the trust of buying the token is indeed there.
Though I bought FUN at a relatively higher price, but I just treat it as a long-term investment so I don't regret of buying it.
Maybe, this is why some people are still investing on FUN even if most casino tokens are not doing good in the market.
If you are a heavy user of freebitco, the benefits accompanied by holding 2500 or more FUN tokens are I think the added value for holding them.
hero member
Activity: 2044
Merit: 784
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.
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
legendary
Activity: 3136
Merit: 1233
Top Crypto Casino
I bought a small amount of FUN tokens when Freebitco.in launched this back in the day, but I have not kept track of it's progress and I have never continued using the wheel spin feature, because I did it a lot of times ...and constantly hit about 50 Sat/spin.  Roll Eyes

I was glad, when I heard that the FUN token could be used at other casinos too, which gives it more utility and a reason to buy more. At this stage, it is less effort for me to have a fixed deposit at a Bank at a higher ROI... than investing in FUN tokens and having to spin a wheel of fortune for 1000s of spins to get a few Satoshis.  Roll Eyes

That is an added benefit as a Premium member which you become as soon as you get 2500 FUN in the balance at Freebitco.in and I think FUN has other benefits also,you can lock them for one year to get 25% APY for them and since you don't care much about following how they are doing I think it would be a very good idea to lock them as once the lock period ends you get a nice additional amount of FUN tokens for free (of course depending on your number of FUN) held in the site.

The daily spins can increase your Satoshis,Reward points and lottery tickets to better prepare you for the weekly lottery let's say as an example.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
Thank you for the effort at keeping the thread updated, and thank you for moving the thread here, i never would have discovered this thread.
I'm glad you enjoyed! Thank you!

I bought fun tokens when they were launched on the freebitco.in website and after a few months I ended up selling them at a loss because the performance was much worse than the price of bitcoin. In other words, it was more profitable to invest in bitcoin what you had invested in Fun tokens and the difference in profitability compensated you for the extras you get in freebitco.in and you have more to spare.

After selling I have not followed the evolution of the price, but now I have just looked at CMC and I see the price of the token is not rising. Not worth in my opinion.
I understand your frustration, which is quite common when investing in altcoins. That is actually the reason why I avoid such investments.

However, what motivated me to acquire FUN isn't its growing potential, staking or even extra WoF spins, but raised interest rates on Bitcoin balance.

If you have a decent amount of BTC invested in freebitco.in, to hold some FUN becomes more interesting, as you can see on the monthly spreadsheets.

12,500 FUN gives you access to the best cost-benefit premium program tier.

I bought a small amount of FUN tokens when Freebitco.in launched this back in the day, but I have not kept track of it's progress and I have never continued using the wheel spin feature, because I did it a lot of times ...and constantly hit about 50 Sat/spin.  Roll Eyes

I was glad, when I heard that the FUN token could be used at other casinos too, which gives it more utility and a reason to buy more. At this stage, it is less effort for me to have a fixed deposit at a Bank at a higher ROI... than investing in FUN tokens and having to spin a wheel of fortune for 1000s of spins to get a few Satoshis.  Roll Eyes
Well, you can also let the daily spins stack up and use all of them at once, with a single click. Some users are saving almost 1000 spins already to roll at once.

Anyway, it's just one feature of the premium program. The interest paid on BTC balance works exactly like a bank, although a bank has guarantees crypto websites lack.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
I bought a small amount of FUN tokens when Freebitco.in launched this back in the day, but I have not kept track of it's progress and I have never continued using the wheel spin feature, because I did it a lot of times ...and constantly hit about 50 Sat/spin.  Roll Eyes

I was glad, when I heard that the FUN token could be used at other casinos too, which gives it more utility and a reason to buy more. At this stage, it is less effort for me to have a fixed deposit at a Bank at a higher ROI... than investing in FUN tokens and having to spin a wheel of fortune for 1000s of spins to get a few Satoshis.  Roll Eyes
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
Just found your thread. This is what i need for research purpose.

I still think that is still not worth.
First in WOF there is very small chance to get 500 satoshi or more. Also in WOF if you get lottery ticket the worth i think near zero, very small chance to win prize, i never got the prize from lottery lol.

FUN token price also decreasing. In one month already decreased around 8% in USD.
Anyway if just experiment. Let's see what happen.  Grin

I bought fun tokens when they were launched on the freebitco.in website and after a few months I ended up selling them at a loss because the performance was much worse than the price of bitcoin. In other words, it was more profitable to invest in bitcoin what you had invested in Fun tokens and the difference in profitability compensated you for the extras you get in freebitco.in and you have more to spare.

After selling I have not followed the evolution of the price, but now I have just looked at CMC and I see the price of the token is not rising. Not worth in my opinion.

legendary
Activity: 2380
Merit: 1082
Leading Crypto Sports Betting & Casino Platform
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.
You did absolutely well by moving this thread here, since 2016 i joined this forum, ive never visited or posted a word on that securities board, so you are right about some forum members not knowing that board even exist ..lol

This is an important thread, I read through all the updates and it has helped me gain good insight of the benefits of investing in Freebitco's FUN token, i bought 2500 FUN from an exchange but i am yet to withdraw it to the platform because i had plans of buying more, and now, ive learnt that buying and staking 12,500 FUN token is the best option, i will just go for that..

Thank you for the effort at keeping the thread updated, and thank you for moving the thread here, i never would have discovered this thread.
hero member
Activity: 1414
Merit: 504
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.
Yes, you really should move this post to the gambling section because the main point and core of your review is a crypto casino or gambling platform.
Even if what you do now is too late because many suggestions have been given to move it already in the past few months.
I want to ask about investing in crypto casino platforms, can crypto casino platforms be used to invest because what I know is that crypto casinos are only places that gamblers use to play games or bets.
So explain a little understanding of what you mean.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
CURRENTLY BENEFITS




STEADY INCOME (09/12/2022 - 07/01/2023) ROI - 12,7817%

Benefits from 180 days holding have started. From 14 to 15 daily WoF spins and from 0,081% to 0,092% APY over bitcoin balance, totalizing a profit a little above 1,7% on the monthly period. Now the next and final tier of the premium program takes another 180 days to come. It's still a long way to go on this unpredictable year of 2023... FUN tokens were locked once again for another month.

hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
May I ask you on which game you've gambled? It was on the multiply BTC game or on sports betting? If it was on the multiply BTC game did you use a bonus amount? Because even with the bonus you can't get a positive EV afaik, the bonus will divide the 5% house edge by 2, but it won't be enough to make profits, with 0.8% or even 1% cashback despite RPs and lottery tickets. The only way to make profits is to win some prizes from tournaments IMO.
Mainly multiplier game (dice). Tried to get advantage of the x2, x3, x4 RP bonus days only. What took me down was to lose 3 times in a row with the maximum winning chance available (94,06%). So I definitely had to stop gambling.

By tournaments do you mean the prizes given to biggest wagerers of the month and the biggest of the day?
legendary
Activity: 2604
Merit: 2353
  How do you feel about the results, as expected ?  Its nice to see someone collate it all, I only summed up an estimate in my head tbh.
I'm satisfied with the results so far. I think +10% interest in less than 180 days is a good deal for a passive income investment. My only regret is to have gambled to earn cashback, imagining that would be profitable and ROI could be hit faster that way. I lost money doing that, so I gave up the cashback feature.
May I ask you on which game you've gambled? It was on the multiply BTC game or on sports betting? If it was on the multiply BTC game did you use a bonus amount? Because even with the bonus you can't get a positive EV afaik, the bonus will divide the 5% house edge by 2, but it won't be enough to make profits, with 0.8% or even 1% cashback despite RPs and lottery tickets. The only way to make profits is to win some prizes from tournaments IMO.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
I was confused because I thought this said you had over 10k% ROI. For BTC you use a regular period to separate decimals but used a comma for ROI giving the impression you were talking about a percentage in the thousands.
Yes, it's only 10% profit.

Yeah he should have used a point instead of a coma so it becomes clear that the ROI is 10% more not 10K%, but 10% in 1 month is a very attractive return because crypto has not been doing well this year, and the profit has also been affected by the FUN Token price which is known to be quite stable so joining a Premium membership will be profitable in the long term
Actually, the investment is going on for 150 days already, at the moment that spreadsheet was completed. We had 5% profit after 120 days, and the last 5% profit made on the last month was only possible because FUN was locked for 3 months. So we can consider the 4,99% made from the last FUN sale corresponds to 1,66% monthly profit (4,99 / 3).
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
I was confused because I thought this said you had over 10k% ROI. For BTC you use a regular period to separate decimals but used a comma for ROI giving the impression you were talking about a percentage in the thousands.
Yeah he should have used a point instead of a coma so it becomes clear that the ROI is 10% more not 10K%, but 10% in 1 month is a very attractive return because crypto has not been doing well this year, and the profit has also been affected by the FUN Token price which is known to be quite stable so joining a Premium membership will be profitable in the long term
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino


JUMP! (09/11/2022 - 08/12/2022) ROI - 10,9806%

Interest made from the 3 months holding FUN tokens was a game changer. 4,9907% interest made on the day of the FUN's sale! I think it was worthful to have waited 3 months for that, although FUN price starts falling a little bit compared to bitcoin now. For that reason, I'm locking FUN for 1 month time period again. I prefer to guarantee a steady income every month than risking locking for 3 months and having a more devalued FUN compared to btc price by there. From next month on the investment is going to become more profitable, because it's entering the 4th stage: 180 days holding.


I was confused because I thought this said you had over 10k% ROI. For BTC you use a regular period to separate decimals but used a comma for ROI giving the impression you were talking about a percentage in the thousands.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
  How do you feel about the results, as expected ?  Its nice to see someone collate it all, I only summed up an estimate in my head tbh.
I'm satisfied with the results so far. I think +10% interest in less than 180 days is a good deal for a passive income investment. My only regret is to have gambled to earn cashback, imagining that would be profitable and ROI could be hit faster that way. I lost money doing that, so I gave up the cashback feature.

Another good point is that you can liquidate the investment anytime, since funds aren't locked, and retrieve the whole investment, with extra profit, due to btc being more expensive compared to FUN right now than it was on the moment of the initial purchase.
STT
legendary
Activity: 4004
Merit: 1428
☠ ☠ ☠ メメ
I dont see how it wouldnt give a positive yield, its a payback for holding your value in that enterprise.   The main risk is really BTC or crypto generally, this is specific but its also true that BTC by itself has no yield so this is payment for that investment risk where as BTC gains are commodity speculation as I see it.   10.9% is quite feasible, tbh I think thats probably fair for the company and my guess is they are ok with that long term as gambling is a sector with a higher margin then others.
  How do you feel about the results, as expected ?  Its nice to see someone collate it all, I only summed up an estimate in my head tbh.
Pages:
Jump to: