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Topic: Freebitco.in - FUN Token Investment Experiment - page 3. (Read 4811 times)

legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
I read Official FUNtoken chat on telegram. There are various contests and events there all the time. But of course it does not affect the price of the token. I think token owners don't care too much about the price, they just want people to have fun. Price is a secondary issue for them. So don't wait for the token price to increase, it's better to try to earn FUN by participating in the contests that are held in the chat room of the project.
I don't follow their telegram account so I don't know if they hold many contests, but the results obtained will really depend on the number of prizes given and also the number of participants.
I know that dplaycasino where FUN Tokens are used has many promotions that token holders can use if they want to benefit from these promotions, such as first, second and third bonuses for deposits and also free spins, maybe those who want to know can go directly to this gambling website by clicking on the promotions section .
Regarding the price of the FUN Token, I don't really hope that the price will rise high, for example to 20 satoshi because it seems quite difficult, although it could happen if something exciting is developed by this token developers.
legendary
Activity: 1834
Merit: 1433
I read Official FUNtoken chat on telegram. There are various contests and events there all the time. But of course it does not affect the price of the token. I think token owners don't care too much about the price, they just want people to have fun. Price is a secondary issue for them. So don't wait for the token price to increase, it's better to try to earn FUN by participating in the contests that are held in the chat room of the project.
hero member
Activity: 2758
Merit: 617
Leading Crypto Sports Betting & Casino Platform
It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

I don't find anything weird about this. According to the data on the CMC website, the ATH of the FUN token was either 33 cents in 2017 or 19 cents in early '18. Even if there is a strong alt season, I wouldn't expect the FUN token to reach the new ATH. In the current realities, a more or less optimistic forecast for the FUN token is to reach 5-6 cents, i.e. the price that was in 2021.

I think that the "weird" part is that the FUN token price was 1000 sats in early 2018 (https://www.coingecko.com/en/coins/funtoken/btc), and that was 20 cents, but from that point FUN has been going down and now we have that 10 sats price. So the only way for FUN to reach 5-6 cents is for BTC to raise x10, and then 10 sats will be worth 5-6 cents. Of course, if the FUN token maintains this price of 10 satoshis. And will the FUN token manage to hold on to 10 sats or will it continue to sink?


I think that we may not have to wait for BTC to raise 10x in order for the FUN token price to rise ten times. Usually, a good momentum of the bitcoin for sometimes usually causes the altcoins to pump a lot higher. The thing is that we need the trend of the gambling coins and the games coins and then we may see the surge in Fun token prices. For example right now we are seeing the trend in the meme coins and every other meme coins are pumping hard. Previously we saw the pump in the AI based coins and they pumped hard.

I also remember that in the last bull market, we had a defi hype and all the defi coins had a good pump. It's just a matter of time before the whales will be eyeing the gambling coins and our investments in the FUN token will pay off. Smiley



Last three months FUN Token price.
Source:- https://www.coingecko.com/en/coins/funtoken
sr. member
Activity: 602
Merit: 387
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I think that the "weird" part is that the FUN token price was 1000 sats in early 2018 (https://www.coingecko.com/en/coins/funtoken/btc), and that was 20 cents, but from that point FUN has been going down and now we have that 10 sats price. So the only way for FUN to reach 5-6 cents is for BTC to raise x10, and then 10 sats will be worth 5-6 cents. Of course, if the FUN token maintains this price of 10 satoshis. And will the FUN token manage to hold on to 10 sats or will it continue to sink?
Usually altcoins lose in their pairs with bitcoin and altcoins can rise in USD pairs but if you hold them over years, you will see your portfolio lose in BTC value.

If you invest in altcoins, consider you spend your money in USD/ stable coin to buy altcoins. If your portfolio rises in USD/ stablecoin value, it's good.

If you worry that you will lose your bitcoins by investment into altcoins, just don't buy altcoins, hold your bitcoin.

I agree that FUN token didn't have good performance in either BTC or USD pair.
legendary
Activity: 3248
Merit: 1179
It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

I don't find anything weird about this. According to the data on the CMC website, the ATH of the FUN token was either 33 cents in 2017 or 19 cents in early '18. Even if there is a strong alt season, I wouldn't expect the FUN token to reach the new ATH. In the current realities, a more or less optimistic forecast for the FUN token is to reach 5-6 cents, i.e. the price that was in 2021.

I think that the "weird" part is that the FUN token price was 1000 sats in early 2018 (https://www.coingecko.com/en/coins/funtoken/btc), and that was 20 cents, but from that point FUN has been going down and now we have that 10 sats price. So the only way for FUN to reach 5-6 cents is for BTC to raise x10, and then 10 sats will be worth 5-6 cents. Of course, if the FUN token maintains this price of 10 satoshis. And will the FUN token manage to hold on to 10 sats or will it continue to sink?
legendary
Activity: 2982
Merit: 2210
It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

I don't find anything weird about this. According to the data on the CMC website, the ATH of the FUN token was either 33 cents in 2017 or 19 cents in early '18. Even if there is a strong alt season, I wouldn't expect the FUN token to reach the new ATH. In the current realities, a more or less optimistic forecast for the FUN token is to reach 5-6 cents, i.e. the price that was in 2021.
sr. member
Activity: 602
Merit: 387
Rollbit is for you. Take $RLB token!
The price for one FUN at ICO was $0.00711. Today the price per token is $0.00572. Investment in FUN token was only profitable for those who bought it during or soon after the ICO and sold it during the bull market in 2018. Then the price went down and there was again one profitable moment. In 2020 Freebitco.in announced that it would buy FUN token and it created a positive environment for token to become popular again and price went up. If someone bought it during the announcement and sold it during the bull market, then they definitely will be in profit, like I did but this coin failed as a long-term investment and that's the most important part for investors. At the moment FUN token's price is one of the lowest it has seen since 2017.
From the price of FUND token in ICO to today price, it looks good. It does not give profit by holding the token but the token does not die and price does not lose too much.

I don't know price around $0.005 is bottom price but if I don't know ICO price, I would consider it is a bottom price range for me to accumulate the token. Your sharing is interesting too as it helps me to know reasons behind too big pumps of FUN token. The pump in 2021 is interesting but it was supported by a big news from Freebitco.in team.

Will we have anything big from the casino, to support the token rally in 2024 and 2025?
hero member
Activity: 2310
Merit: 886
As with anything to do with the altcoin markets only the early investors reap the highest amount in profits.
So if you got in when they started, assuming the tokens were worth a tenth of a penny.
Then you made alot of profit so far.
Even if one token is worth around half a penny each now.
The price for one FUN at ICO was $0.00711. Today the price per token is $0.00572. Investment in FUN token was only profitable for those who bought it during or soon after the ICO and sold it during the bull market in 2018. Then the price went down and there was again one profitable moment. In 2020 Freebitco.in announced that it would buy FUN token and it created a positive environment for token to become popular again and price went up. If someone bought it during the announcement and sold it during the bull market, then they definitely will be in profit, like I did but this coin failed as a long-term investment and that's the most important part for investors. At the moment FUN token's price is one of the lowest it has seen since 2017.
legendary
Activity: 1708
Merit: 1187
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It's not just about tokenomics. There was a prolonged bearish trend during that time(2018+), and the price of almost all coins and tokens was falling because the hype around ICO was over. So, the fact that the FUN token still exists and is still active is a good thing, although we shouldn't expect any significant pump from this token during the bull run.
It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

Actually the purpose of FUN token created is good, unfortunately they can't able to realize it to reality. Creating a new token is easy and they will earn more money compared to adopting FUN token, so other casino tend to create their own native token.
legendary
Activity: 2982
Merit: 2210
If it rises back to its peak in 2021, it will be about x10 from $0.0006, not too bad ROI.

Issue is not sure will the token can make similar rise like in 2021 bull run. I didn't know why this token fell a lot since 2017 and 2018 but my guess will go to its bad tokenomics. Because you are a long time investor in $FUN token, could you share what you know and your opinion on $FUN tokenomics, please.

It's not just about tokenomics. There was a prolonged bearish trend during that time(2018+), and the price of almost all coins and tokens was falling because the hype around ICO was over. So, the fact that the FUN token still exists and is still active is a good thing, although we shouldn't expect any significant pump from this token during the bull run.
legendary
Activity: 2828
Merit: 1497
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I remember that when the site adopted the token the general comment in the forum was that in addition to the benefits that the site gave you it would help the token to appreciate in value. Even I who am not a shitcoins person bought some tokens, but I soon sold them because the price behavior was always worse than that of the Bitcoin.
You might won't believe but I bought 5000$ worth of FUN tokens and I held them for some months, thank god I sold them before it was too late and got some profit. I bought these coins because they were valued very high in 2017-2018 and I thought since Freebitco acquired them, FUN token would increase in price and go to the moon. I think that this project failed, I was hoping that this coin would rise in this bull run but it's not going as I expected.

As some other member suggested, even if the FUN token never reaches the same price again as before, you will still end up in profit because of the premium membership if you hold it long enough.
If you bought this coin when the price was 0.035 on average, you won't profit, premium membership only gives you 25% APY and it would take years to get 100% of your investment back. The price is also going down, which is making it almost impossible to profit. Your profit with the FUN token depends on the time you bought it and the price during that time.
As with anything to do with the altcoin markets only the early investors reap the highest amount in profits.
So if you got in when they started, assuming the tokens were worth a tenth of a penny.
Then you made alot of profit so far.
Even if one token is worth around half a penny each now.

I remember when I was gambling like crazy on multiplier game during promo days. RPs received every 500 satoshis wagered were raised by x5, so I was able to hit the 100,000 RPs mark really fast. I made 200,000 or 300,000 RPs in a single day once. At same time it's great and makes you feel good, it's also dangerous, because it starts increasing the invincibility feeling inside you. Profit is made so easily and instantly, that you think nothing can stop you anymore, so you progressively get less and less shy on the game, risking higher and higher, until finding out you were just a mortal, like everyone else.

In the end, all the extra RPs, cashback, Golden Tickets and lottery tickets received aren't enough to overcome your total loss on long term. They are just baits to keep you gambling further. Freebitco.in can be really profitable, and thankfully it has been to me, but if that is your goal, you have to stay away from the gambling boards...
But you invested $5000 according to the OP. Thirty satoshis almost a year and a half ago were worth alot less than they are now.
So at what price per token did you start to invest?
sr. member
Activity: 2142
Merit: 254

Exactly. It reminds me of people who buy stocks because they pay a high dividend, which can be an indicator that the company is doing poorly and are so happy to be paid 6% per year for example while the stock loses value at 10% per year.

And in the long end, if the company keeps paying out a yearly dividend of 6%, you will still end up break even. I like dividend stocks but always look how long the company has been giving out dividends, the dividend payout ratio, how the evolution of the dividend is, ...
I think we all hope that the FUN token price would go up again, but in the meantime we can keep profiting from the premium membership.
legendary
Activity: 1372
Merit: 2017
You might won't believe but I bought 5000$ worth of FUN tokens and I held them for some months, thank god I sold them before it was too late and got some profit. I bought these coins because they were valued very high in 2017-2018 and I thought since Freebitco acquired them, FUN token would increase in price and go to the moon. I think that this project failed, I was hoping that this coin would rise in this bull run but it's not going as I expected.

Yes, I believe it, because I fell for it too. When the site adopted the token I also bought, but less than you. The fact is that I did not see it clearly because the behavior was starting to be poorer than expected and I also got out with a little profit like you.

If you bought this coin when the price was 0.035 on average, you won't profit, premium membership only gives you 25% APY and it would take years to get 100% of your investment back. The price is also going down, which is making it almost impossible to profit. Your profit with the FUN token depends on the time you bought it and the price during that time.

Exactly. It reminds me of people who buy stocks because they pay a high dividend, which can be an indicator that the company is doing poorly and are so happy to be paid 6% per year for example while the stock loses value at 10% per year.
sr. member
Activity: 1022
Merit: 341
As some other member suggested, even if the FUN token never reaches the same price again as before, you will still end up in profit because of the premium membership if you hold it long enough.
If you bought this coin when the price was 0.035 on average, you won't profit, premium membership only gives you 25% APY and it would take years to get 100% of your investment back. The price is also going down, which is making it almost impossible to profit. Your profit with the FUN token depends on the time you bought it and the price during that time.

Even if the FUN tokens goes to zero, you can still end up in profit thanks to the benefits of the premium membership. If you have 12.500 FUN tokens than you also get some more interest (which can add up if you have a nice amount stored on freebitco.in), you get some cashback and with the rewards you get from the WOF spins, the investment you made to buy the tokens will be evenly balanced.

I have thought that FUN tokens are good because they have a long history in the market and that is something that is liked, and when we have many in Hodl mode it doesn't cost anything to keep them there, the bitcoin market is going up, there must be good movies Of the investors to trust in this token, I don't think it will go to zero because it is from freebitco.in and this casino is very Good, it is one of the best ones on the forum, and they have a very good Reputation , This is what helps the most and the players at freebitco.in have a Lifetime and that makes things done well and in the good sense of the market and everything it represents, I think things can be very favorable .

Those who have fun tokens that are sold, but there is Something that they should be clear about, if the fun token does not grow when bitcoin reaches a good bullish rally, then they must sell, or otherwise, those who want to keep those tokens may not That's wrong ,They can have them to have Benefits.
sr. member
Activity: 2142
Merit: 254
As some other member suggested, even if the FUN token never reaches the same price again as before, you will still end up in profit because of the premium membership if you hold it long enough.
If you bought this coin when the price was 0.035 on average, you won't profit, premium membership only gives you 25% APY and it would take years to get 100% of your investment back. The price is also going down, which is making it almost impossible to profit. Your profit with the FUN token depends on the time you bought it and the price during that time.

Even if the FUN tokens goes to zero, you can still end up in profit thanks to the benefits of the premium membership. If you have 12.500 FUN tokens than you also get some more interest (which can add up if you have a nice amount stored on freebitco.in), you get some cashback and with the rewards you get from the WOF spins, the investment you made to buy the tokens will be evenly balanced.
sr. member
Activity: 602
Merit: 387
Rollbit is for you. Take $RLB token!
However the overall total of the token is going down so far as I know not up despite the open market price liquidity.  I think there's two different dynamics in play there, its not too unfamiliar for price not to completely describe a situation, its free range and its going to follow popularity etc.   BTC going up alot fits into to people switching into that unit rather vice versa and selling BTC to buy FUN but both are possible at different times I imagine.
Bitcoin leads the market and opens a bull run but in early months of bull run, most of capital in the market will focus on Bitcoin. The capital flow only switches to altcoins when Bitcoin rise is halted and it goes side way, then people will not want to see their capital is inactive and remain the same day by day. It's time for altcoins to receive capital from investors.

Bitcoin is going with its correction and if it stops rising, making new all time high too quickly, capital will flow in altcoins.

In an altcoin season, there will be chance for $FUN token to have good rally.
STT
legendary
Activity: 4004
Merit: 1428
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Last I read was the bulk of FUN was purchased at the time of Freebitco taking over the project in the main.  They hold it in reserve and carry out burns of that reserve in proportion to the profits of their sites, presumably it could all be gone if that process were to continue long enough.  Price given by market and value are two different things, people do tend to sell their excess token rather then hold it and some of this excess would be coming from the bulk reserves made available via various promotions so thats the liquidity behind the price graph I guess.

However the overall total of the token is going down so far as I know not up despite the open market price liquidity.  I think there's two different dynamics in play there, its not too unfamiliar for price not to completely describe a situation, its free range and its going to follow popularity etc.   BTC going up alot fits into to people switching into that unit rather vice versa and selling BTC to buy FUN but both are possible at different times I imagine.
sr. member
Activity: 602
Merit: 387
Rollbit is for you. Take $RLB token!
You might won't believe but I bought 5000$ worth of FUN tokens and I held them for some months, thank god I sold them before it was too late and got some profit. I bought these coins because they were valued very high in 2017-2018 and I thought since Freebitco acquired them, FUN token would increase in price and go to the moon. I think that this project failed, I was hoping that this coin would rise in this bull run but it's not going as I expected.
If it rises back to its peak in 2021, it will be about x10 from $0.0006, not too bad ROI.

Issue is not sure will the token can make similar rise like in 2021 bull run. I didn't know why this token fell a lot since 2017 and 2018 but my guess will go to its bad tokenomics. Because you are a long time investor in $FUN token, could you share what you know and your opinion on $FUN tokenomics, please.
hero member
Activity: 2310
Merit: 886
I remember that when the site adopted the token the general comment in the forum was that in addition to the benefits that the site gave you it would help the token to appreciate in value. Even I who am not a shitcoins person bought some tokens, but I soon sold them because the price behavior was always worse than that of the Bitcoin.
You might won't believe but I bought 5000$ worth of FUN tokens and I held them for some months, thank god I sold them before it was too late and got some profit. I bought these coins because they were valued very high in 2017-2018 and I thought since Freebitco acquired them, FUN token would increase in price and go to the moon. I think that this project failed, I was hoping that this coin would rise in this bull run but it's not going as I expected.

As some other member suggested, even if the FUN token never reaches the same price again as before, you will still end up in profit because of the premium membership if you hold it long enough.
If you bought this coin when the price was 0.035 on average, you won't profit, premium membership only gives you 25% APY and it would take years to get 100% of your investment back. The price is also going down, which is making it almost impossible to profit. Your profit with the FUN token depends on the time you bought it and the price during that time.
sr. member
Activity: 2142
Merit: 254
Lets hope it is the buttom but there is also no real incentive why the price for the FUN tokens would go up. If alt season starts, than all coins especially the smaller coins can get a crazy pump and than it can be interesting to cash out some. My average buying price is I think around 60 satoshis so still a long way up.

Earlier, I assumed the FUN token price could reach 100 sats during the alt season, but now I have doubts about it. To be honest, if I were you, I would consider the average buying price of FUN tokens in fiat equivalent rather than in sats because the market trend is that all altcoins are getting cheaper and will continue to get cheaper against BTC.

Yeah that is also true, but everything I bought was via the freebitco.in site so all coupled against the BTC price. As some other member suggested, even if the FUN token never reaches the same price again as before, you will still end up in profit because of the premium membership if you hold it long enough.
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