Topic: Freebitco.in - FUN Token Investment Experiment - page 7. (Read 5010 times)

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.

It is excellent that things are happening in favor of the Tokens , I could say that a good time is approaching for the Bitcoin market and many things can be Done , it Could be said that some are waiting for the market moment to arrive at more than $100k for Bitcoin , but even so, I have noticed that for this token, it has to be given more importance , more relevance without a doubt, because as we have seen things , when they try to make it Better and more attractiv e, they have to look , which should be noted, because everything begins with good Management so that the tokens are attractive to the ivners, the ivners are the ones who give life to this ,  without a doubt it is like that, I could then see that when it comes to doing better things For example, being in a place where your tokens go up because you are doing a Trading transaction on a well-known exchange , well that is something that would lift everyone's spirits, even the Hodlers who are always waiting for any Market Movement.

So in this order of days when we see each move in the market we are and we associate what can happen with the toekn? Will it be that if Bitcoin goes Up, this token will go up when the Bullish trend is Confirmed ? What are those who Know the most about Tokens doing ? How are you Doing to generate more interest? How are they promoting it? I think that these questions are what we all ask ourselves when we can verify many things, firstly we can see that when we are in a casino like freebitco.in we would like to have many more benefits, which are converted into something usable that is offered in Satoshis , that is something of Interest , in case not , then one Might think that When we are Watching any Event we can realize that it will be done Better , but as long as things turn out for the better , and that the tioken becomes useful and attractive to Investors , I think that is the trick , and it should be done now, because investors see it as a safe haven.

I like the attitude of those who have invested here , I wish all the people were like this, I have had bad experiences with this investment, it is not that I have invested a lot of money, but I came out with the tables on the head with the Betfury token , the casino does not respond to its investors, they misunderstood the forum, I don't know where they are making propaganda, here if someone has a problem, the advantage of the forum is that through the thread Ann can help you more, and the casino is not doing anything to raise the price , I understand that it is not easy, but do something to be able to raise it at a better price.

The enthusiasm of the people for the freebitcoin token is quite great, and I like that , they have good hopes of setting a good price, or the one they had before, this gives a lot to talk about, because it means for me that the Something they are Doing very well.

I think the info is correct but the fees are changing as per the market rate. Since during some days, bitcoin is going nuts in terms of its value the fees are getting higher in terms of dollar conversion. However, it is best to advise that we should keep HOLDING the FUN until FUN becomes worth the original ATH. Remember FUN from 3 years back?  Thats where I bought them on Freebitcoin and holding since then.

I came to see some good results on the thread but it seems the OP has an invalid image. I think OP needs to repost the image and also show the updated information on profitability calculations.

One thing is sure, everyone is making progress in the premium program launched by Freebitcoin. In comparison with other websites where you can stake FUN but you don't get those additional benefits along with the APY. I am grateful that I staked it on freebitcoin tbh.

I have looked for the best predictions about cryptocurrencies, there are many options reading articles, each one has a different vision of the market, at this point I only see news about bitcoin, because the other alts do not interest me much, I have had bad luck with them tokens of the casinos because I have always put a lot of effort and hope so that I can have some profits and that is normal, if we make investments it is because we hope to win, it doesn't matter that it is not a lot of money, but if something, to be able to have an idea of what can be invested and obtain the benefit, but with the tokens that I have bought, bad luck, because that happened to me with betfruy because it was a good business to have bantate tokens and the profitability was had in other cryptos, they were passive income, but in the end everything That fell apart and it's sad , I don't know exactly what the situation is like with the freebitcoin tokens, but those of you who have invested, is it worth buying the tokens to obtain profits or Benefits on the site?

You are very correct mate, time is the major deciding factor when it comes to winning price prediction games, but unfortunately, humans ordinarily can not predict time perfectly, that is, it would be out of luck to predict a time something will occur, and it  happens as predicted, most especially when it comes to the price of assets and their movements.

I've played the price prediction game a couple of times but unfortunately have not won any, and this is not because I did not predict the price correctly, but the time at which such price that I predicted comes to pass is always wrong.
So, for me, I personally agree that, price prediction game is actually one of the simplest games, seems very simple, but one of the hardest to win, a really good innovation added to the world of gambling.

One of the disadvantage of this new gambling feature is the time. Your analysis and predictions can be perfect except for the timing, remember, in crypto, everything works with time but there is no time synchronisation with your speculations.

Even in charts, you can only speculate the direction of the market but can't tell exactly what time those speculations will play out although there might be an expected time range.

I think that things with the topken are fun and the Investors, well, it's a sad thing, I think we all know that things when it comes to tokens , the Dangers of them Themselves , yes this is What is happening , there is no Better Investment than Bitcoi n, it is Whatever it is, it will Always be the best, Based on the fact that this toekns fun has its benefits on the platforms in some way the site wants to reward them, with respect to the market and everything how it can be developed, well it is something difficult, the team has You have to do Everything very well and Quickly , to make Other Investors interested in the fun token, this is something that has to be with very radical marketing, where they present themselves to do a Contest or something like that , Because people have to buy and buy tokens, if they sow good interest in the Token, I think they can Achieve it if bnitcoin manages to rise in price, because people will see the token as a safe haven while they wait for bitcoin to continue rising, because this only happens when things are done That way , it's Something you can Bet on, but it's all a matter of knowing how to do it.

I think the freebitco.in Team has everything to do it, I just don't Know, it's up to them if they want to have that market open to such immense possibilities of always winning, but for them they do have to do a lot of things, and Make everyone They want to buy this Token Before any other bullish movement, that people buy the token Because it will give them more Confidence, security and everything that an investor looks for in an investment, so in this order of Ideas we must be Very Emphatic, they have the ready Infrastructure so that they can do Great things, but we don't know what Plans they have with this toekns, us studying here we can Imagine a scenario where things can possibly happen well, but I am sure that all these scenarios have Been considered and so they can do it or not, but they will know how to Choose the best time if they want to get into this Fully.

Lol, the emoji was just for the lost and I don't mean that I am hurt because of the losses.
I had only placed around 700 satoshis for the bet   Luck is definitely needed here.
If you don't have the luck then even an expert will lose his bet no matter how good his analysis is.

P.S: I figured out I posted in the wrong thread. I wanted to post in the official freebitco.in thread but posted here instead.

Need not show the sad face  , that is gambling for you, I also remember placing some bets on both bitcoin and eth prices but haven't checked, but I am very sure I lost as well.

But then, this is nothing to worry about for me since the amount of money on staked on both games are that much to worry over if lost.

Crypto price prediction I think will become the latest innovation in the world of gambling, and it's a game that looks and feels very simple to win, but unbelievably difficult, and even after all the technical and fundamental analysis, one will still need to be lucky to predict correctly, thereby winning the game.

Everyone who has participated in the premium membership program since it was first launched has indeed been in a state of loss if we look at the initial price of the program launch to the current price, even if there are people who record all the income from the wheel of fortune from premium membership and also the interest from locking these coins remains in loss condition, that is the risk in investing that can provide profits and vice versa, I have sold more than 50% of my FUN holdings when the price was not below 20 Satoshi because I saw that there was no good enough movement in terms of trading in this coin. I also hope there will be movement from marketing but it looks like this still won't have an impact on prices which have fallen too deeply.
Waiting for the bullish crypto market seems like the only hope but the question is whether the price can reach 100 satoshi? I'm quite doubtful about that

The circulating supply is less than the total supply because some of the tokens are sent to a burn address every 3 months and permanently removed from circulation.

1/3 is only the amount of the supply is locked in the FUN Savings program where users can earn interest on their holdings. There is also many tokens held on the site that are not locked and there is also some developer controlled wallets which hold more of the supply.

When FunFair held their ICO not all the tokens were sold to the public. A large percentage was set aside for the developers. FreeBitco.in bought those tokens and took over the project.

It's very interesting thread. I invested in Fun Token when it was a new thing and held them on Freebitco. To be honest, it was not a good investment and my $3000 turned into $300 over time because price of Fun Token fell down.
Fun Token is only a good investment choice if you want to get pure fun from holding it, it's exciting to get some free spins, cashbacks and some FUN tokens on your freebitco account. If you want to gamble, it's really fun but financial wise, it's not going to bring you profit. At least, years have passed and I haven't profited and I don't know if their marketing team is going to do some magic and reach new all-time high.

Lost the bet on ETH price prediction  The range I bet on was $1500 - $1750 but the price on 30th was around $1800.
We could have won if the price was just $50 less but alas. Anyway, we'll try our luck next time and hope the price keeps rising up.

I believed that the token locks were no longer useful, that is, that it was no longer available, so many users could not sell their tokens when it had a significant increase, in this order of ideas, we can regret that The best thing, in my case, if I had had my tokens blocked without being able to get them out to sell, it would have been somewhat frustrating, so I think that the best thing is that these types of tokens are not blocked due to these types of events , can you imagine that it is in a new ATH and that there is a large amount of Tokens and they cannot withdraw them ? God is that what Person can go crazy , because After that happens and the Price drops again because it hurts, well at least I see it as a neogico, I don't get attached to the tokens , the tokens have to be seen for what they are, that they can generate more money at the right time and if they Remain Blocked it is a problem , I know that this happened to many, they could not get the Tokens , because that Blockage, but I know that keeping the tokens inside The platform can bring many Benefits and it is not bad , it is an incentive that is given and it is good.

Now when we think about making Investments, we must have Something in mind , there are People who buy Tokens to make a profit over time (like me) and there are Others who like to Buy Tokens to have benefits within the platform and that they can have it for use them in the casino,  others because they always like to have those toekns there and see them, that's what I mean, now when we think clearly about what we want, we can establish a way of doing things with this token , but in my very personal opinion, I see this token with great fury and that many things can be done throughout this entire Market , I am one of those who think that when bitcoin opposes a confirmed bullish trend, then this token is going to be very Valuable.

I haven't done any transactions there but IMO.
If that's the case, whatever is gonna make you save some sats then you have to do it. And sometimes it's not just all about the fee and more of those sats upon exchanging.
If the external transactions seem ease for you then just be on it. Otherwise, if it's more comfortable to do the opposite, then you just have to pick it.

The supply given is from reserves already known and held, I get that placed with a person who gains interest its far more likely to be sold to then circulate hence in markets and order books its dilution of strength.  However the overall monetary base for FUN hasnt been increased in this transaction, so I would say we mislabel FUN negative as its not as it might appear short term in trading terms.    
  Presently its not worth selling interest in that way, I have done that in the past but only in a minor way and mostly I accumulated and gained tiers.  Because of the BTC cycle and where we are presently, its no surprise that many parts of crypto wont boom with BTC price losing most of its gains and now very slowly recovering.
  Generally quite a few people do follow interest by that price action without fireworks there is no light for them; its wrong but in mainstream terms thats what makes headlines and to some people all definitions of success or failure are determined by a price being high or low.  The price is secondary in the end, thats been true of BTC that leaving in negative years was not the best idea and its likely true for any long term blockchain also.