Topic: Freebitco.in - FUN Token Investment Experiment - page 6. (Read 4909 times)

Well, if the platform is reliable on long term, it's possible to make decent profit. If you are going to become a millionaire it will depend on how much you are willing to invest since the beginning. I don't think 1% monthly interest is a bad idea, although if we can take a lesson from this experiment it's to stick with the 12,500 FUN tier level, as it doesn't worth to go beyond that (at least so far).

Altcoins in general are risky investments (including the top ones), and the pros of investing in FUN isn't the token itself, but the raised daily interest it gives over Bitcoin's balance, which should be the main focus of every investors. When investing in FUN, we aren't aiming to accumulate more FUN, but more BTC through holding some FUN in order to boost our Bitcoin earnings.

Since seeing a lottery prize with 10 winners and one of them only having 15 tickets made me interested in buying several lottery tickets for each result that I collect every week free satoshi from freebitcoin and not using personal bitcoins, but it is true that it might just make us give up so it's natural if you give up because the weekly lottery winnings are based on luck and only 10 winners are drawn from more than 50 million registered users, even though there may not be that many active users there.

But in my opinion, looking for luck in the weekly lottery doesn't actually make us lose because of the free bitcoins we collect, even if we don't win, let's just say we return it to them, then we get it again every hour, as usual, collect it again and buy another lottery ticket every week. , keep doing that and don't give up unless we use personal money to buy lots of tickets there, sometimes there are people who have lots of lottery tickets with millions and don't always win the weekly lottery there. it seems like it might be detrimental too. as long as it's free just enjoy it luck will come in the end even if our grandchildren are the ones to carry on and get it later 

Sometimes they are blinded with their belief that they can earn a lot from those token they think have good potential to pump since they only look of the success or long time operation of the casino but they don't wonder on how this big pump will happen.

Much better if they could just trade the top altcoins what you said since for that there's more potential that they could earn a lot. But since that's there money then I guess we can't do anything since maybe for now they trust to much these casino tokens but for sure once they realize that they are wasting some opportunities for other coins then maybe they would go grab those and add more tokens on their portfolio.

This means that the only assurance of investors is that their money is in safe place but will
never make them millionaire even in how long , and people that investing in this should realized what
they are missing , instead of trying their chance here why not in more moving currencies that is are
in the top ranks.

I have been playing the free sats from Freebitco.in and in the past I even purchasing tickets
for their lottery but never that I succeed winning even consolation prize so I gave up  .

The freebitcoin team will obviously not let the FUN token die, but it is also not worth expecting multiple profits from investments in the FUN token either. I think if we take into account the fact that the FUN token is weakly volatile, during the next alt season its price can probably reach the same level as it was in 2021, but only in the equivalent of usdt, not sats.

I was expecting more from the FUN token, especially since the Freebitco team acquired the whole FUN project but to be honest, it failed for me but I still have hope that it will rise and reach new ATH in a year or two because Bitcoin halving is coming and it's usual for the whole crypto world to start rising. If I were you, I wouldn't sell them because the price is so low right now that it doesn't worth it. Will it go down further? Then that means that FUN as a project is dead and I don't think it will die. Just my two cents but do as you wish.

When accounting for the losses on FUN Token it brings the actual ROI into a negative amount, -33% by my calculations.  While it’s still millions of satoshis in losses it isn’t too bad. That is an amount that can be recovered with daily interest, FUN savings, WOF spins, and hopefully a big price pump.

I’m at a similar ROI, although my investment started much sooner. I try to look at the positive side. Not every investment is profitable right away. Investing in this token is a massive risk but with the high APY they’re offering on BTC and FUN there is a chance to recover your losses and eventually start making high returns.

If the FUN token price didn't dump that cheap then it would have been very beneficial.
It was a good experiment though which shows that its still not that bad in case of crash and profitable in bull runs.
Even I am holding the 12500 level and locked it for a year to make an extra gain.

Fixed the images, you can see them now. About my progress, investment is still going on intact, but I lost track of daily extra BTC income. Anyway, you can take the previous spreadsheets as estimative of how much you can expect to earn from this investment.

Progress is still being made: slowly, but surely. Even with the crash in FUN price I was making nearly 1% profit monthly. However, I decided to cashout a portion of my BTC funds from the platform, so the daily extra BTC income has decreased from 0.00003260 to 0.00001853BTC.

To say the truth, as the experiment has been running for more than 1 year and we have already seen everything it has to offer, I would like to retreat to 12,500 FUN tier level, as it's the best cost-benefit package. However, I'm in a delicate situation, because FUN is too cheap, and by selling it I'm also going to lose a percentage of daily extra income over BTC balance. So, it's probably better to keep holding and locking FUN for some extra profit, for now.

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By the last month I shared results here (08/04/2023 - 07/05/2023), ROI was at 18,7609%. Let's round up the following month to 20% ROI, and then consider 1% per month until January, what gives us 27% ROI.

Initial investment of 0.14611140BTC - 27% ROI = 0.10666132BTC

Current investment value of 487038 FUN x 12 satoshis = 0.05844456BTC

So, 0.10666132BTC - 0.05844456BTC = 0.04821676BTC

Value in red is what is left to be recovered to call it a tie.

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You are free to share your opinions on what you would do if you were me in this case.

I think that this is the only best thing that can be done, or what was said before, to keep the toekns and see what happens in the bullish race of Bicoi, and the only thing we need to know is that investors want to invest their money in these toekns Although there are many cryptoms and tokens in the world, we will always make the ones that generate the most trust and that is what we see, if there is more trust in the tokens we will realize it, it is likely that it will grow a lot, in fact, The toekns fun have a lot of acceptance, but I think they need more publication, more promotion of their things on social networks or something, the price is what everything is worth in these cases, the toeknss do have more life but because they have to Upload it to I swear, but this is the only way they have to get the attention of investors, many investors have stayed there looking for the best projects, obviously in the casino they have set their sights on they have not had much luck.

Until now the casinos that are most successful in this regard have been gfreebitco.in and have been Rollbit, these casinos can obviously make the difference, but as far as we are concerned to see which is the best, well yes, we could say that these are casinos. They have maintained the level, I could talk about a casino like Betfury, which we all believed was going to be the sensation, but that's not the case, it turns out that everything turned out the way it turned out, but nobody wants that toekns, and they don't even respond to those at BitcoinTalk It's really a shame, but now tokens like FUN , like RLB tokens, are becoming more popular, and this is a good thing, I have to say that fun tokens have been around for longer, they are tokens worth buying , because we know that it has a good Future, but I think they lack that, more marketing, that people are encouraged to buy these tokens, because it will really bring them benefits, at any time these tokens can be the best on the market.

For anyone who likes to invest for the long term, they usually won't touch their tokens or coins until their portfolio really slowly rises, I know that there will be a time when the bull market will come, maybe precisely the Bitcoin halving in the middle of this year in the next few months but not everyone believes that it will move the price of all coins other than bitcoin. But if you look at the previous year, the FUN token's price really moved up like the price of Bitcoin.

It all comes back to each person, everyone has a different view on this matter, for anyone who believes that FUN investment is very profitable, they definitely bought it yesterday when the price fell, therefore, to get a profit, it's best to wait a few more months, but that's There is no guarantee that an investment will be successful, all investments are full of risk, so you need to be careful.

I don't have any clairvoyance to know what will happen in the future. Just from analyzing its past performance I believe it will continue to underperform compared to Bitcoin and other top altcoins. I still like the additional benefits that come with this token, and will continue acquiring it in small amounts, but if you're not an active user on FreeBitco.in this token serves you no purpose and I would recommend a less risky investment. We can usually count on one or two big pumps per year so if you're patient enough there will be an opportunity to make a good profit during these moments or to at least make up for your losses.

Invest in altcoins in bull run is risky if you join when Bitcoin nearly makes its all time high. Because after that, Bitcoin will trigger a long bear market that usually lasts two or three years. During a long bear market, with count in years, altcoins lose most of their values like 80% or 99%, it is risk with altcoins.

Now, things are changing and improving for altcoins. Bottoms are in and a new bull run with Bitcoin than altcoin season will be kicked off. Halving in April will be a very good trigger for market bull run so if anyone has FUN tokens, already hold it for some months, did not sell in a bear market, don't sell it now.

Hold it and wait for market bull run, coming months are like time you should not touch your tokens. Leave it in your self custodial wallets and let it increases in value for your portfolio.

So do you think that this token is not worth holding or this FUN token's future is not bright? I got this feeling from your post but maybe i misunderstood it and you have some other point of view.

I guess there are few gambling site tokens in the market and everyone's performance is almost similar, not so good for now. But if we believe that FUN token would not be able to perform well in the future, then i am afraid that all the gambling sites tokens will be a failure. I am saying this as freebitco is the pioneer site running for a long time and a lot of hope is invested in it's Fun token too.

I initially invested in this token because I thought it could be a good way to earn more BTC. The premium benefits at the beginning were too good to pass up. In the first several months I was reaching the 100k RP threshold to exchange for BTC frequently. Then they silently started nerfing those premium benefits to a point where it was no longer such a great value for early investors.

I still believe casino tokens can work if their developers have a proper long term plan instead of improvising as they go along after having created a lot of hype to maximize profit. With FunToken at least we are getting some passive benefits for hodling but after nearly 3 years, and a huge drop in price, investors want to see more utility and growth for this token.

It is very understandable that what you say is true , even so there are people who do not Stick to the win-win Mechanism, if they are Enthusiasts , many times when all this bitcoin stuff Started , the majority were bitcoin Enthusiasts and the truth is they don't care much The fact was to become very popular in the speculative market, in fact some did not see this as Viable , but Rather as having Other things in common so that Bitcoin at that time would not have Another meaning , in this Order of Ideas we are people who basically When we make bets or Something like that , things go to Another level , this in the case of Buying casino Tokens , which is now so Popular , because I have seen casinos that have always been on the cutting edge of this and want to make a Difference , which If they have been very close to success for some Reason or Another they have let the goose that lay the golden egg lose or die, that is because they do not know how to handle something so common and so necessary called "Community" in this Case the Community puts or takes Away the persons of Certain Powers, it's like Aaying the people for the President , something like that.

In this order of Days we have seen that there are many Projects and it is true , at the Moment many of us invest money in tokens to earn Money in the nearer future , it is something common , in fact at the moment I have not seen a good one, You have rllbit and this casino with its toekns fun Fecause they have been maintained over time, and this can make a Difference , because the others like the Betfury case have been a total disaster, and it is something that should not be taken as a an example to follow, for that reason that when we are in a Situation like this we must do Everything Possible because if we buy tokens they will Generate returns for us and even more so now that we are in a Year where there will be a Bitcoin halving , Possibly we will Prepare a possible Confirmation and Approval of the Bitcoin ETFs and this Generated a good Bullish Rally, so if this token Does well it can Benefit, in the Case of fun Tokens , I see that they are always on the right Track.

well, I have been talking about how investing in casino tokens is much more dangerous than investing in altcoins, this is because the casino token depends a lot on how many people are using that token in the casino, today the market has many casinos that have been offering same resources, which makes people choose to use casinos that are older, safer and more practical in terms of deposits. Just look at a clear example and that is that many people have bitcoin and naturally when they want to play at a casino these people will deposit their bitcoins at that casino and play. It is unlikely that a person who has bitcoin will want to create an account on a shady exchange just to buy tokens to play in a casino

and many whales and people who are very well educated in investments will make the mistake of spending money on buying these casino tokens to keep doing hodl when they have bitcoin which is the best investment and the safest, in my opinion I don't see any reason for anyone to casino having a token, is something that does not have a good future for anyone who buys said token. because let's see, if a person buys these tokens, that person puts in 1000$ and the price of the token drops a lot to the point of making the 1000$ become 100$. In what year will this person recover the money they invested? even if many years passed, that person will not be able to recover the money they invested, but we can see that whoever buys bitcoin at the ATH and held on is already close to recovering and making a profit, and if that person kept buying at every drop then they will be with lots of profit

Tokens launched by casinos don't need to compete with Bitcoin and it is also an overwhelming task for them. Let me repeat, it is unnecessary task for them at beginning because even native currencies of some big blockchains like Ethereum, BNB failed to beat Bitcoin, casino tokens won't be able to achieve it.

Now it's their golden time to take advantage of cryptocurrency market blossom in next years to be one of first and leading casino tokens with multiple tasks.

Make their casinos more attractive because with a casino native currency, they will be able to run more marketing, bonus and loyalty programs for their users. With big casinos, they can run buy back and burn programs to gradually create better values for their casino tokens.

No doubt that Freebitco.in is a big casino, which has one of oldest Bitcoin faucets and still runs today. FUN token belongs to one of most promising casino tokens in 2024 and 2025 with a new altcoin season.

Bitcoin already works well as a cross platform currency. Casinos have no incentive to adopt their competitor's token. They would rather create a new token which they control and decide to distribute most of the supply to themselves. FUN will succeed if its developers can succeed at creating an ecosystem where the token can serve a useful purpose. The premium membership on FreeBitco.in has been a good start but there are other areas where they still need to see some growth.

I also thought it will be a good investment, because they actually created a use case for it ===> gambling. I also bought some tokens after freebitco.in started this investment option, because I know Freebitco.in are huge and all their projects are usually successful. 

The thing is, there are just too many casinos that are using their own tokens and not a lot of them using the FUN token. It would have been great if some of the bigger casinos started accepting FUN as a gambling currency.