Freebitco.in - FUN Token Investment Experiment - page 2.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: FatFork on May 30, 2024, 01:56:11 AM

Quote from: FinneysTrueVision on May 30, 2024, 12:23:54 AM

Quote from: pawanjain on May 29, 2024, 09:55:19 AM

I still like the WoF spins that we get for holding the FUN tokens as it gives some decent rewards.
But then what's the point if the value of FUN tokens keeps depreciating over time.
The intrinsic value of FUN token isn't coming to limelight to be honest.
I just looked it out whether the team is making any advancements and I got to know that it has been trying to do various partnerships with various new projects.
One of them is "puffverse" which has become a partner of FUN but all these partnerships aren't working out well for FUN.

When they mentioned they would be focusing more on GameFi, I expected something more substantial than some meaningless partnerships where they give some tokens to players in a third party game through lootboxes. It might give them a bit of exposure but it does nothing to increase the utility or value of the token. The WOF rewards are decent compared to the faucet, but it is still not enough to make up for the losses from holding the token.

Yep. I cant say I'm optimistic about FUN's long-term prospects at this point. The price keeps sliding lower and lower. Most casino coins are kinda like that unfortunately - the developers don't add more utility or try to boost demand. A token needs more going for it than just gambling to keep growing.

edit:
At least, some good news! Users in the main thread are reporting that withdrawals from the site are working again.

Although things are starting to take a good turn on freebitco.in but it still doesn't mean anything good for the FUN token.
Even if everything at freebitco.in is back to normal, it still not an enough reason for FUN token price to pump hard.
We would need something good enough like a development of the protocol or an integration with a gaming platform or something.
Otherwise it would be really difficult to see FUN token climbing up again. It would just become just another dead altcoin.

FatFork

legendary

Activity: 1820

Merit: 2700

Crypto Swap Exchange

Quote from: FinneysTrueVision on May 30, 2024, 12:23:54 AM

Quote from: pawanjain on May 29, 2024, 09:55:19 AM

I still like the WoF spins that we get for holding the FUN tokens as it gives some decent rewards.
But then what's the point if the value of FUN tokens keeps depreciating over time.
The intrinsic value of FUN token isn't coming to limelight to be honest.
I just looked it out whether the team is making any advancements and I got to know that it has been trying to do various partnerships with various new projects.
One of them is "puffverse" which has become a partner of FUN but all these partnerships aren't working out well for FUN.

When they mentioned they would be focusing more on GameFi, I expected something more substantial than some meaningless partnerships where they give some tokens to players in a third party game through lootboxes. It might give them a bit of exposure but it does nothing to increase the utility or value of the token. The WOF rewards are decent compared to the faucet, but it is still not enough to make up for the losses from holding the token.

Yep. I cant say I'm optimistic about FUN's long-term prospects at this point. The price keeps sliding lower and lower. Most casino coins are kinda like that unfortunately - the developers don't add more utility or try to boost demand. A token needs more going for it than just gambling to keep growing.

edit:
At least, some good news! Users in the main thread are reporting that withdrawals from the site are working again.

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

Quote from: pawanjain on May 29, 2024, 09:55:19 AM

I still like the WoF spins that we get for holding the FUN tokens as it gives some decent rewards.
But then what's the point if the value of FUN tokens keeps depreciating over time.
The intrinsic value of FUN token isn't coming to limelight to be honest.
I just looked it out whether the team is making any advancements and I got to know that it has been trying to do various partnerships with various new projects.
One of them is "puffverse" which has become a partner of FUN but all these partnerships aren't working out well for FUN.

When they mentioned they would be focusing more on GameFi, I expected something more substantial than some meaningless partnerships where they give some tokens to players in a third party game through lootboxes. It might give them a bit of exposure but it does nothing to increase the utility or value of the token. The WOF rewards are decent compared to the faucet, but it is still not enough to make up for the losses from holding the token.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: FinneysTrueVision on May 20, 2024, 12:50:10 PM

If you were to sell your FUN tokens on FreeBitco.in right now, you would only get 6 sats per token. A new all time low.

Some of us already warned about this in this thread.

Quote from: dwyane36 on May 29, 2024, 07:57:25 PM

Yep, the FUN token and its future probably depend a lot on the freebitcoin website and the environment within the freebitcoin team. If we assume that something bad eventually happens to freebitcoin, the FUN token price will most likely depreciate instantly.

Yes, even more so. The Fun token had a spike in price when freebitco.in adopted it. Previously it had only had the initial spike that many shitcoins have. If the one thing that gave it backing goes to shit, imagine where the token will go.

dwyane36

legendary

Activity: 3094

Merit: 2345

Quote from: arwin100 on May 29, 2024, 07:32:09 AM

Also they have outstanding issues happening on their casino since there's a lot of people encountering an issue and yet there's no representative answering questions related to what currently happening to them and I guess those negative happenings would affect people to acquire their token. Also as you said for longest time the team is not doing anything for their token so for sure it maybe take some time for FUN tokens to get a great rise or maybe at least small developments since they might experience hardship to deal with their current issue which cause people to discouragement or questioned them if they are still functioning as good casino.

Hopefully we can't see them fall down and the current happening is just an internal issue which they can solve since it will be bad for FUN holders if this casino will fall down since for there's a lot of people will lose their money from this token.

Yep, the FUN token and its future probably depend a lot on the freebitcoin website and the environment within the freebitcoin team. If we assume that something bad eventually happens to freebitcoin, the FUN token price will most likely depreciate instantly. I hope this won't happen, and the freebitcoin team will start communicating with the community and refute all speculations about it.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: iv4n on May 28, 2024, 11:48:24 PM

Quote from: pawanjain on May 22, 2024, 11:11:00 AM

I think the same. I don't think the FUN token team is actively working on any developments.
So the only reason FUN token might pump is if the altcoins pump.
I personally feel we are done with FUN token and the price won't increase much here onwards.
I don't wanna sound negative but that's the reality of FUN today.

From yesterday the price is only 8 sats. I guess nobody wish to sound negative, but the reality is that the team is not doing anything about this token in the past year. So what we can really expect from FUN token price in the future? I would say nothing, maybe it can pump along with some others when alt season starts but I doubt in that.

It was fun with FUN tokens in the beginning, I liked it and those free spins we were getting... but that's not enough, they had to improve the token a bit if they wanted it to grow, but it seems that the team had no such intentions at all.

I still like the WoF spins that we get for holding the FUN tokens as it gives some decent rewards.
But then what's the point if the value of FUN tokens keeps depreciating over time.
The intrinsic value of FUN token isn't coming to limelight to be honest.
I just looked it out whether the team is making any advancements and I got to know that it has been trying to do various partnerships with various new projects.
One of them is "puffverse" which has become a partner of FUN but all these partnerships aren't working out well for FUN.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: iv4n on May 28, 2024, 11:48:24 PM

Quote from: pawanjain on May 22, 2024, 11:11:00 AM

I think the same. I don't think the FUN token team is actively working on any developments.
So the only reason FUN token might pump is if the altcoins pump.
I personally feel we are done with FUN token and the price won't increase much here onwards.
I don't wanna sound negative but that's the reality of FUN today.

From yesterday the price is only 8 sats. I guess nobody wish to sound negative, but the reality is that the team is not doing anything about this token in the past year. So what we can really expect from FUN token price in the future? I would say nothing, maybe it can pump along with some others when alt season starts but I doubt in that.

It was fun with FUN tokens in the beginning, I liked it and those free spins we were getting... but that's not enough, they had to improve the token a bit if they wanted it to grow, but it seems that the team had no such intentions at all.

Also they have outstanding issues happening on their casino since there's a lot of people encountering an issue and yet there's no representative answering questions related to what currently happening to them and I guess those negative happenings would affect people to acquire their token. Also as you said for longest time the team is not doing anything for their token so for sure it maybe take some time for FUN tokens to get a great rise or maybe at least small developments since they might experience hardship to deal with their current issue which cause people to discouragement or questioned them if they are still functioning as good casino.

Hopefully we can't see them fall down and the current happening is just an internal issue which they can solve since it will be bad for FUN holders if this casino will fall down since for there's a lot of people will lose their money from this token.

iv4n

legendary

Activity: 3346

Merit: 1191

Quote from: pawanjain on May 22, 2024, 11:11:00 AM

I think the same. I don't think the FUN token team is actively working on any developments.
So the only reason FUN token might pump is if the altcoins pump.
I personally feel we are done with FUN token and the price won't increase much here onwards.
I don't wanna sound negative but that's the reality of FUN today.

From yesterday the price is only 8 sats. I guess nobody wish to sound negative, but the reality is that the team is not doing anything about this token in the past year. So what we can really expect from FUN token price in the future? I would say nothing, maybe it can pump along with some others when alt season starts but I doubt in that.

It was fun with FUN tokens in the beginning, I liked it and those free spins we were getting... but that's not enough, they had to improve the token a bit if they wanted it to grow, but it seems that the team had no such intentions at all.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: dwyane36 on May 22, 2024, 07:05:57 AM

Quote from: FinneysTrueVision on May 22, 2024, 12:34:34 AM

With Ethereum pumping so hard recently, I would have expected FUN to be performing better. Being an Ethereum token, one of the easiest ways to acquire FUN is by buying it with ETH on Uniswap. A majority of ERC-20 tokens are up double digit percentages in the past 7 days. FUN somehow manages to always defy bullish trends and remains flat, never going much higher than $0.005.

I think the FUN token doesn't have so many options for a positive outcome. Either it will be pumped only during the full-fledged alt-season, i.e. when almost all tokens on the market will be pumped, or the team will announce some new features that will provoke increased demand for the FUN token. Well, if neither of the above happens, the negative outcome, in that case, will be stagnation of the FUN token price(usdt) even during the alt season.

I think the same. I don't think the FUN token team is actively working on any developments.
So the only reason FUN token might pump is if the altcoins pump.
I personally feel we are done with FUN token and the price won't increase much here onwards.
I don't wanna sound negative but that's the reality of FUN today.

dwyane36

legendary

Activity: 3094

Merit: 2345

Quote from: FinneysTrueVision on May 22, 2024, 12:34:34 AM

With Ethereum pumping so hard recently, I would have expected FUN to be performing better. Being an Ethereum token, one of the easiest ways to acquire FUN is by buying it with ETH on Uniswap. A majority of ERC-20 tokens are up double digit percentages in the past 7 days. FUN somehow manages to always defy bullish trends and remains flat, never going much higher than $0.005.

I think the FUN token doesn't have so many options for a positive outcome. Either it will be pumped only during the full-fledged alt-season, i.e. when almost all tokens on the market will be pumped, or the team will announce some new features that will provoke increased demand for the FUN token. Well, if neither of the above happens, the negative outcome, in that case, will be stagnation of the FUN token price(usdt) even during the alt season.

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

Quote from: dwyane36 on May 21, 2024, 03:58:38 AM

If you look at the FUN token price in the equivalent of sats, it has no bottom because the higher the BTC price, the lower the FUN token price will be. If nothing changes, the FUN token price may fall below 1 sat. However, if we look at the FUN token price in the equivalent of USDT, it seems that $0.005 is the bottom, considering that the FUN token price has been at this level for a very long time.

With Ethereum pumping so hard recently, I would have expected FUN to be performing better. Being an Ethereum token, one of the easiest ways to acquire FUN is by buying it with ETH on Uniswap. A majority of ERC-20 tokens are up double digit percentages in the past 7 days. FUN somehow manages to always defy bullish trends and remains flat, never going much higher than $0.005.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: dwyane36 on May 21, 2024, 03:58:38 AM

If you look at the FUN token price in the equivalent of sats, it has no bottom because the higher the BTC price, the lower the FUN token price will be. If nothing changes, the FUN token price may fall below 1 sat. However, if we look at the FUN token price in the equivalent of USDT, it seems that $0.005 is the bottom, considering that the FUN token price has been at this level for a very long time.

I think this thing about FUN tokens when the price of bitcoin is falling is normal, investors start withdrawing money, at this moment the price is at $70k and it is likely that things will continue like this or go up, maybe yes, maybe not , but it is normal for tokens to drop in price, and if bitcoin has an upward trend that is fully confirmed, that is when the FUN token can experience a good rise or recovery in price, that is what normally happens, however we do not know. If the bitcoin movie is only due to the halving effect, ETF, or something that is generating this bull run, I would say that if they have kept it in hodl mode for so long, they should continue to maintain it, there is no other option to see what happens when there is a confirmation bullish trend for BTC and a possible new ATH.

dwyane36

legendary

Activity: 3094

Merit: 2345

Quote from: iv4n on May 20, 2024, 02:12:37 PM

I agree that the long-term doesn't look good, it's falling and I wonder what can stop this fall? A long time ago I believed that 20 sats was the bottom, but now I am unsure where that bottom is, and should we even think about getting some FUN tokens?

If you look at the FUN token price in the equivalent of sats, it has no bottom because the higher the BTC price, the lower the FUN token price will be. If nothing changes, the FUN token price may fall below 1 sat. However, if we look at the FUN token price in the equivalent of USDT, it seems that $0.005 is the bottom, considering that the FUN token price has been at this level for a very long time.

shield132

hero member

Activity: 2450

Merit: 948

Metawin.com - Truly the best casino ever

Quote from: iv4n on May 20, 2024, 02:12:37 PM

Quote from: FinneysTrueVision on May 20, 2024, 12:50:10 PM

If you were to sell your FUN tokens on FreeBitco.in right now, you would only get 6 sats per token. A new all time low. The trading volume on Binance seems healthy at over $1 million in the past 24 hours, but when you compare it to another major CEX like Bitfinex it is only $8. There is a likelihood that a lot of the volume on Binance is from wash trading, considering how massive the difference is between these exchanges.

With the amount of AI shill accounts inundating their Telegram, it wouldn’t surprise me if they were also doing something to artificially boost their trading volume and keep it looking somewhat healthy to prevent the price from completely collapsing.

As much effort as they’re putting in to keep up appearances, the long term trends don’t look good. This token’s price may eventually fall to below 1 satoshi.

It's like they don't care much about the FUN token, it has its purpose from the beginning and there have been no changes since they started. They have some casino partners where we can gamble with FUN tokens and that's it. They didn't do anything to make it more attractive than it is... but it's the case with most casinos and their tokens, they do nothing or very little about their native tokens.

I agree that the long-term doesn't look good, it's falling and I wonder what can stop this fall? A long time ago I believed that 20 sats was the bottom, but now I am unsure where that bottom is, and should we even think about getting some FUN tokens?

I am under impression that Freebitco had plans about FUN token but then completely forgot it. It looks like they don't care about FUN, they haven't even cared since the day they acquired it.
When Freebitco acquired FUN, there was hype and the price went up, I was even holding FUN tokens that were worth thousands of dollars and I held them for months, thank god I sold them or I would be without money today.

I wasn't really expecting this from Freebitco. I think this is their last chance, they shouldn't let this bull run go away without pumping their coin or if they let it, then FUN will finally die and I believe that many people will have serious trust issues when they decide to invest in any of Freebitco product.

Catenaccio

full member

Activity: 420

Merit: 120

Quote from: iv4n on May 20, 2024, 02:12:37 PM

It's like they don't care much about the FUN token, it has its purpose from the beginning and there have been no changes since they started. They have some casino partners where we can gamble with FUN tokens and that's it. They didn't do anything to make it more attractive than it is... but it's the case with most casinos and their tokens, they do nothing or very little about their native tokens.

Is there any reason for the lack of development and marketing and future plan for native tokens of casinos?

They are profitable business companies and their businesses can operate well without native tokens but by spending resources to launch their native tokens, it's unreasonable if they don't have solid plans for development and growth of their tokens in adoption, value and price.

Quote

I agree that the long-term doesn't look good, it's falling and I wonder what can stop this fall? A long time ago I believed that 20 sats was the bottom, but now I am unsure where that bottom is, and should we even think about getting some FUN tokens?

It's hard to view price of an altcoin token with their price in satoshi against Bitcoin. Because Bitcoin increases in its value and price with time so if an altcoin token remains the same in price, their price in pair with Bitcoin, in satoshi will still decrease.

It will continue to decrease in coming months because the bull run of Bitcoin will lead its price to higher and higher.

iv4n

legendary

Activity: 3346

Merit: 1191

Quote from: FinneysTrueVision on May 20, 2024, 12:50:10 PM

If you were to sell your FUN tokens on FreeBitco.in right now, you would only get 6 sats per token. A new all time low. The trading volume on Binance seems healthy at over $1 million in the past 24 hours, but when you compare it to another major CEX like Bitfinex it is only $8. There is a likelihood that a lot of the volume on Binance is from wash trading, considering how massive the difference is between these exchanges.

With the amount of AI shill accounts inundating their Telegram, it wouldn’t surprise me if they were also doing something to artificially boost their trading volume and keep it looking somewhat healthy to prevent the price from completely collapsing.

As much effort as they’re putting in to keep up appearances, the long term trends don’t look good. This token’s price may eventually fall to below 1 satoshi.

It's like they don't care much about the FUN token, it has its purpose from the beginning and there have been no changes since they started. They have some casino partners where we can gamble with FUN tokens and that's it. They didn't do anything to make it more attractive than it is... but it's the case with most casinos and their tokens, they do nothing or very little about their native tokens.

I agree that the long-term doesn't look good, it's falling and I wonder what can stop this fall? A long time ago I believed that 20 sats was the bottom, but now I am unsure where that bottom is, and should we even think about getting some FUN tokens?

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

If you were to sell your FUN tokens on FreeBitco.in right now, you would only get 6 sats per token. A new all time low. The trading volume on Binance seems healthy at over $1 million in the past 24 hours, but when you compare it to another major CEX like Bitfinex it is only $8. There is a likelihood that a lot of the volume on Binance is from wash trading, considering how massive the difference is between these exchanges.

With the amount of AI shill accounts inundating their Telegram, it wouldn’t surprise me if they were also doing something to artificially boost their trading volume and keep it looking somewhat healthy to prevent the price from completely collapsing.

As much effort as they’re putting in to keep up appearances, the long term trends don’t look good. This token’s price may eventually fall to below 1 satoshi.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: GxSTxV on April 06, 2024, 02:26:29 PM

What FUN needs in my personal opinion is more marketing, and better staking rewards.

Amen, that's it, there's the secret, now more than ever there Should be more Hype About the Token , it should attract the Attention of Investors, we are on the Verge of a Bullish Rally, a Possible Bullish trend of bitcoin, and investors are looking safeguard your Money at some point in reliable tokens , if here Freebitco.in has a Crypto Marketing director with Guaranteed vision , then you must Already have plans for it and Plans Ready for them to be Quick action and we will see the Entire Forum of People who want Using, buying, selling tokens is fun , but you have to do it and take Advantage of the times, this is a matter of Emotions.

GxSTxV

hero member

Activity: 1008

Merit: 755

Quote from: shield132 on April 06, 2024, 02:15:45 PM

ICO price was 0.007$ and today it costs 0.007$ again but weeks ago it was between 0.004 and 0.005$. How does it look good? I can't agree with you because token dies, it reached ATH in 2018, 0.19$ and now went lower than ico price. Freebitco might have grown as the casino but it's very hard right now to make investors interested in this coin again. I personally wouldn't invest it if we have a look at its past price. To my mind, there is only way for Freebitco to survive this coin and it's if Freebitco rebrands itself and creates a new casino with amazing games and features, a casino that will be at the level of Stake, Sportsbet, Rollbit and etc...

First days of FUN token were good as a new idea and was looking good for investing, Later on the investors started to sell their tokens and claiming profits since there wasn’t much updates about it or a community where they share events and updates. In general it wasn’t a failure but it could do better as a token related with the first and most known faucet of Bitcoin.

The suggestion you gave about creating a new brand casino, I find Freebitco.in as a great casino with their unique style, true it doesn’t offer as much as games we find in other regular casinos. However, you should know this casino is also a faucet and offers only Bitcoin as a payment system, while FUN token can be deposited directly to their partner casinos, I have myself transferred some FUN to one of their partners where they use FUN as a token for deposits and withdrawals.

What FUN needs in my personal opinion is more marketing, and better staking rewards.

virasog

legendary

Activity: 3206

Merit: 1174

Leading Crypto Sports Betting & Casino Platform

Quote from: iv4n on April 06, 2024, 01:53:25 PM

As I am aware, but correct me if I am wrong, none of the gambling tokens ever made anything spectacular, while some meme coins made some crazy returns. Maybe Elon is the one responsible for that, he started talking about Doge and (one of the biggest surprises in crypto in my opinion) Doge ATH was $0.74... Now we have a lot of meme coins around and it seems that many people are trying to make a fortune with them.

I think it is not fair to compare the meme tokens with the gambling tokens. The meme tokens have no use case and they rise or pump based on the hype and they are usually very short-lived.
On the other hand, the tokens with use cases like gambling tokens have a proper project / use case and they tend to remain alive for as long as the platform is around. The success of these tokens depends upon how good is the gambling site and what is the use case of the token.

Quote from: iv4n on April 06, 2024, 01:53:25 PM

I also think that gambling tokens are not so popular even among gamblers, some people like them, and some don't... anyway, those who like to gamble in dividend-based casinos will earn them just by playing, but it would be interesting to know how many non-gamblers invest in casino tokens, and if there are any at all.

Well, there will be a time when gambling tokens will get hype. Some tokens may not remain in trend always and it is only a few times when we see a rally in these coins and gambling tokens fall in this category. I feel that the Fun token will show some good returns in the peak of the bull market and alt season, although the current prices of the FUN token are very close to their all-time low.

Topic: Freebitco.in - FUN Token Investment Experiment - page 2. (Read 5010 times)