Exactly my point. It feels like a common "Bait n Switch" business model, where you attract people with the promise of FREE money and when you hooked them into your service, then you switch to a business model based on profit. You even removed the "Donate to Charity" feature that was implemented at one stage.
It always was a for profit business. The donate to charity option was removed because Save the Children stopped accepting donations in Bitcoin. 1It is sad to see this, because Freebitco.in has always been the site that helped to grow adoption and also spearheaded "newbies" entry into Bitcoin. I am not badmouthing the site at all, I am merely making an observation based on my long-term association with this site, from it's early beginnings.   I hope with the new launch that we would see something that would be focussed on what this site was initially based on, which is "Helping" the millions of people that needs a jump start into their Crypto currency journey. We're not removing the faucet so we hope we will continue to introduce many new people to Bitcoin. The rebrand may help to end the confusion that many people have about us being a charity. The free money has always been there to bring in new customers some of which will deposit and play.
THIS The goal of the website, as many companies out there, is to make profit. I think faucet will remain to attract new players, but they'll always be encouraged to play MULTIPLY BTC game. Freebitcoin can't give money without earning some somewhere.
Edit: [1] It appears that Save the Children have started accepted Bitcoin donations again. Unfortunately, it was a very underused facility so it is unlikely we will bring it back. Oh please. Stop with that... You either want to give to charity or you do not want to give to charity. The feature would not have taken up a lot of space and the way that you placed it on the forum, did not encourage people to use it. If you really supported the idea, then you would have enabled a popup or a message on the landing page for this feature. The money was coming from the Freebitco.in community and you just provided a platform to channel some money to that charity. <Agreed, you did give a once off donation at the beginning to kick off the process and that is commendable> I think it was removed, because you wanted that money to go to the gambling, when the Ad income was removed.  It is still sad to see where this is going now.  |
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https://news.bitcoin.com/bitcoin-futures-volume-spike-as-cboe-awaits-etf-decision/Everyone knows that bitcoin and cryptocurrency prices have been on a steady decline since the last month of 2017. While digital asset spot prices have been quite volatile, bitcoin futures products provided by two of the world’s largest derivatives exchanges, Cboe and CME Group, have seen a steady increase in trade volume and more liquidity within these markets. Furthermore, Cboe is hoping to launch a bitcoin-based exchange-traded-fund (ETF) and the US Securities Exchange Commission will decide on the fate of this new product on August 10. While Spot Prices Decline Bitcoin-Based Futures Contracts Have Been Steadily Increasing Cryptocurrency spot prices have been in a slump over the past two quarters of 2018 but rumor on the street is institutional interest in cryptocurrency custody and regulated investment vehicles is picking up speed. Even though market sentiment has been bearish, futures contracts sold by Cboe and CME Group have increased significantly during the second quarter of 2018. Right now, on July 12, there have been 1199 contracts filled so far and products for the month of August are adding up today as well. Cboe has been selling between 2500-18,000 bitcoin futures contracts per day. Will this certainly help bitcoin price spike in upcoming days? It will be very interesting to see what their positions are, because I have a feeling that most of these investors have some kind of an idea what might happen with the SEC's decision on the ETF's. I am not a big supporter of these Bitcoin Futures, because I think it creates incentives to manipulate the Bitcoin price. These people have a lot of fiat to be in a position to manipulate the price on several exchanges.  |
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Well, the Soccer World Cup is nearly finished and we have not seen any impact on the price. It would have been quite different if they only accepted bitcoins at these events, but there is no news that they had any Bitcoin exposure during this event. So, there you have it. It has come and gone and nothing has happened. The price even went down below the level where it was before the Soccer World Cup started. |
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Yeah, volume is pretty small here. Would it be better if say I go on a holiday trip to another country and sell it there? This is risky, because you need to deal with the unknown. You can take a "Bitcoin" Holiday in another country, where there are more traders and trade with them, but you will not know if they are scammers before you get there. If you do this in your own country, you can take friends with you to the location where the trade will take place and you can make sure the scammer will not get away, if he or she wants to rob you. You will also have to deal with the security and customs at the international airport, when you come back. You cannot move large amounts of money in and out of a country. |
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Just when everyone thought Centralized exchanges was a bigger "target" for hackers, then someone hacks a Decentralized exchange.  " Along with this, the hack stats are also disclosed by Bancor and the stolen numbers, at the press time, are - 24,984 in Ethereum amounting to $11.9 million. - NPXS tokens worth $1 million approx. and - 3.2 million BNT tokens i.e. Bancor’s token, amounting to $10 million. " Just want to highlight that no bitcoins was mentioned, because most media outlets will just report that another "Bitcoin" exchange was hacked. |
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Can someone explain to me why the payout is weird? What a bummer to roll high enough to win more than the minimal roll prize and then see that it pays less than 9886 other numbers.
You have redeemed Reward points for a FREE BTC. Redeem your points to increase your minimum free FREE BTC reward! Each bonus is valid for 24 hours after redemption. This bonus will only increase the lowest prize in the FREE BTC table and only the base reward will be multiplied by this bonus and then added to any other bonuses that you have currently.
I just got this big red notification on my account, anyone else getting it too?
my registered email address can still receive messages in inbox just fine
does freebitco.in start blocking, or request changing, certain email address' domains?
We're not blocking any domains. That error only occurs when your email provider has bounced an email we sent. Only your email provider can explain why they did that. I strongly advise you to use another email for your freebitco.in account as when you see that message it means there is a flag on your account that will allow password reset without a confirmation email. If you keep any balance in your account please use 2FA.
Edit: Hope you see my point.  We started out making a profit from adverts and now have an income purely from gambling. Later this year the site will rebrand to take the word 'free' out of the name. We'll be adding more coins and an exchange. I hope you see our point. Exactly my point. It feels like a common " Bait n Switch" business model, where you attract people with the promise of FREE money and when you hooked them into your service, then you switch to a business model based on profit. You even removed the "Donate to Charity" feature that was implemented at one stage. It is sad to see this, because Freebitco.in has always been the site that helped to grow adoption and also spearheaded "newbies" entry into Bitcoin. I am not badmouthing the site at all, I am merely making an observation based on my long-term association with this site, from it's early beginnings. I hope with the new launch that we would see something that would be focussed on what this site was initially based on, which is "Helping" the millions of people that needs a jump start into their Crypto currency journey. |
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The Lightning Network <LN> will forever change the scaling limitations that Bitcoin had in the past. It is already taking momentum and a lot of Software developers are writing new and very innovative applications that are based on the LN. Alt coins like LiteCoin will still survive, because it is very similar to Bitcoin. Some of the other Alt coins like Bitcoin Cash will fade away, because it did not implement SegWit and it has huge scaling problems that cannot be solved with bigger Block sizes. Other Alt coins like Dash and Monero with better anonymity features will also survive, because they have a specific target market. |
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Strange how this site started out as a Faucet that gave out FREE money and then it gradually added features that takes back the money and now prizes that is targeted at the biggest spenders. I totally understand that the site had to change, after the Ad income was blocked, but the focus of this site has now changed from a "Charity" site to a "profit generator" I would want to see that something "new" should be added to change the focus of this site back to a "Robinhood" type endeavour, where millions of poor people are granted the opportunity to have a moment in the Sun. Hope you see my point. |
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How did VISA come up with that number? Did they only calculate the electricity that was used to process that transaction or did they add the "hidden" cost, associated with that transaction? How much energy is used in their massive office buildings? https://en.wikipedia.org/wiki/Visa_Inc. {Number of employees = 11,300} These people need office space and these offices use air-conditioning and heaters and lights and lifts. Also, remember they are a multinational financial services corporation, with office buildings in all the mayor cities across the world. |
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Meanwhile another user wins 0.26240036 BTC with just 70 tickets! I wish I was that lucky.  Hopefully the next time, a user with 50 tickets will win . I always buy 50 lottery tickets (I opted to double my reward points instead of the free lottery tickets). Always nice to have a dream  50 tickets will get you with such a good payout? So how about mine which can generate around 10k satoshi each week and always tried to buy that? How much ia the chance for me to win 1st? . Btw I already doing this for almost a year but never got anything back, instead I keep losing my deposit all the time I too trying more than a year until now still waiting for my turn as well. Its nothing to do with how many tickets you have but it all depends on your luck mainly in a lottery to win. More number of tickets may increase your chance to win but at the same time, you will be taking more risk to lose money in case if you don't win anything. Just keep trying your luck with a small amount every week which you can afford to lose. It has everything to do with how many tickets you buy and you can even determine the percentage of chance by just looking at the feature that was supplied by the site to determine that. Yes, some people win the Lottery with say 50 tickets, but the change of that happening is very small and the site will tell you in advance what the probability of that would be. Go look at all the previous Lottery results <It is there too> and see for yourself, how many people have won the Lottery with less than 100 tickets in the past and also who are the people who has won it the most. |
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Totally agree with @Kakamakr
With other words, i am against hodl'ers, by bitcoin definition title " Bitcoin:A Peer-to-Peer Electronic Cash System " not a peer-to-store of value
I understand what you are trying to say but your logic is flawed. Bitcoin is a cash system and it is cash but it also has limited supply which makes it a store of value. If you knew your FIAT money was going to gain value every day, every month without stopping would you spend it? If you knew that $50k would buy you 2 houses next year while it is not enough to buy 1 house today? (You can replace FIAT with gold, btc, ltc, doge or anything. The answer will be the same) If you say "yes" to this question then you must be retarded. Bitcoin is just like that. People know that it is going to go up so they don't want to spend it. Any one says the otherwise is a liar. Buyers shouldn't convince the sellers. It is the sellers who must insist on taking bitcoins as a payment. Read my first message at the beginning of this topic. This is how you raise awareness. If you are not a seller or a business owner there isn't much you can make about it. A btc user/hodler should only think about raising his bitcoin amounts just like the seller should. And the seller has an advantage in this situation. If the seller accepts only bitcoin, then the buyer will have no choice but hand over his precious bitcoins to the seller. When the buyer spends his bitcoins, he is going to buy more to fill up his stash again. TLDR; you are asking the wrong question. The question should be:
"How many customers have you convinced to spend their bitcoins?"No, the question is specifically targeted to the Merchants for a reason. No matter how long you hoard or how many coins you buy, it eventually needs a Merchant network for you to spend it. A lot of us do not want to continuously convert to fiat currencies to spend our bitcoins. The merchants accepting Bitcoin as a payment option is very important, if you look at the bigger picture. < A picture, where fiat currencies are replaced by Bitcoin > Once we create the "use case" and the alternative option, then people will have a choice. A few years ago, this choice became very important, because governments applied pressure to payment companies, to stop payments to sites like WikiLeaks and BackPage and Bitcoin was there to help these people, by offering them a alternative to these payment options. Do you see the bigger picture now? I am saying that you don't need to waste your time with convincing the merchants and merchants specifically. A smart merchant will educate himself and exactly know what to do with bitcoins. That's what I like about this business. (I mean being a merchant/trader/business owner) If they stay behind, they lose money. They always have to follow the money and update their knowledge. Instead of trying to convince mercs specifically, just focus on educating everybody. It will be the merchants' loss if they don't adopt to the new system at the end of the day. And if you have something to sell, always insist on getting paid in bitcoins. This is the best thing you can do to raise awareness. The customer will wonder "Why does he ask for bitcoins and bitcoins only? Why not any other shitcoin? Why not USD? What is it so special about bitcoins?" He will eventually ask questions and you'll explain him what it is about. Seeing a bigger pic now? No my friend. I have been doing this for years now and I have seldom found one merchant that known about Bitcoin, before I spoke to them and the ones that knew about it was misinformed by the media. I "converted" a guesthouse last week and that owner only heard about Silkroad and drugs and MtGox and how unsafe it was supposed to be. These merchants needs people like us to take them by the hand and to guide them through the landmines. When they do this on their own and they fail, then merchants around them will not even consider it, but when we help them and they succeed, then other merchants will follow their example. See what I am saying? |
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Institutional capital injection will bump the price, but it will also increase the volatility. Instead of a few small whales or early investors, manipulating the price, we will now see Fiat whales entering the market and pushing their weight around. These investors are purely profit driven and will withdraw at the slightest indication of bad news. Your early investors <Whales> in Bitcoin are more motivated by the technology and not just by large profits. Yes, the institutional investors can pump the price hard, but they can dump just as easily. |
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For I'd rather invest in property like house and lot, as we all know every year the price of property is increasing, and also I'd rather have my own house than a pocket full of money.
Long term speaking, property prices won't ever be able to catch up with crypto in general. The amount of growth that crypto has gone through already is enough to keep property increases behind for hundreds of years. If you also look at how much potential this market still has, then you can safely add another couple of hundred years that property increases won't be able to catch up on crypto. I can see investments in properties become a viable option at the moment crypto in its entirety has developed itself to such extent, that you can't expect it to increase with another 500-1000% easily. Well, if we see a repeat of last years performance <800%+> in Bitcoin, then no property investment that I am aware of, will be able to compete with Bitcoin. The property prices in my area has only increased in value with a average of +/-5% per year. So at this rate, it would take 160years before property increased in value with the same percentage of profit that I made in 1 year. ^lol^ It is astonishing to see how many people still cling to the safety and security that property investment offer them. A balanced portfolio will have a combination of safe and high risk investments. |
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Having Bitcoin as a Store of Value only, will only damper it's growth. You need to utilize it as it was intended by Satoshi as a alternative for the Cash system. Satoshi did not say that bitcoins should be hoarded for many years, he developed the whole protocol around a concept that it should be a payment system.
I see no reason why it should not be used for both a medium of exchange and a store of value. There should just be a balance between the two use cases. ^smile^
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My individual record for someone that invested into Bitcoin is currently - £500 000. I know in the bigger picture of the Billions that are invested into Bitcoin, that might not be a lot, but it contributes to the success of Bitcoin in the end. I started out by giving some coin for free to this guy for him to understand the technology and he paid me back with a lot more money from the profits he made in 2017.
He was very influential in a big hedge fund that might start investing in Bitcoin soon. ^smile^ <They waiting for approval>
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They will never give credit to the creator of this technology, because they know Satoshi's intention for this technology was to disrupt them. They just saw the opportunity to "steal" the concept and now even the "brag" rights to this technological breakthrough. We should call these stolen Blockchain technologies, " Pirate Blockchains"... A bunch of thieves, the lot of them. |
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Nobody expected that the Banking industry will sit back and just accept that they might be disrupted by Crypto currencies. They are fighting back with everything they have and that includes making use of the technology that wants to disrupt it. The main question is, how will this be received by the general public and with Crypto enthusiasts all over the world and will this be forced by the governments. |
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I keep it simple, by not clicking on any links. I type the URL for the sites that I use frequently and I never use the "auto completed" URL that are provided by the Browser. <Some Mallware even target that> This strategy eliminates all phishing attempts, but this is not for lazy people or people that cannot remember the valid URL to the sites that they often use. I also "double" check all URLs before I press ENTER! |
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" The president won’t name names, saying Ledger is talking to “a lot of people,” but a source with knowledge of the round told Forbes that Siemens, Samsung and Google’s venture arm GV have all shown interest, and that there’s talk of Ledger’s valuation nearing $1 billion." If they sell out to Google, I will surely empty my hardware wallet and crush it and place a video on Youtube. We are trying our best to rid ourselves from Big Brother and now there are rumours of them having conversations with Google. I bought hardware wallets to prevent a reoccurrence of the MtGox fiasco and also to have full control over my private keys, so they were spot on with that vision. |
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People should really consider if giving financial advice on a public forum is such a good idea. You might be giving financial advice to some mentally unstable person and it might happen that the Bitcoin price takes another nose dive and this could just be the spark that triggered this persons insanity. Looking at many of the posts on this forum, I have noticed that not everyone on this board is all there. ^Cook koo^ We do not have time travelling devices, so we should not sell ourselves as time travellers with knowledge of what will happen in the future. |
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