How can I post a photo? I was finally somehow able to get the password changed and it somehow showed me as unbanned.🤷🏽♂️ I put my address into electrum and it shows someone depositing an amount then withdrawing my recent deposit plus the money deposited so I am wondering how I got scammed out of that
The site is a little haywire atm, however every address on freebitco is an alias address that links to their main hot wallet. what's more important is that you can withdraw the funds from your freebitco account. For those watching this forum. Long time users are trying to gauge the useability of the site. I haven't heard any issues with withdrawals and interest so far. It seems that the addon services like WoF and some of the raffles may be acting up. People seem to still be getting communications from the website directly. Just know that many people are watching both the cold wallets of freebitco as well as how the site is being managed. So far it is still a legitimate service with some issues. I've been using the site since 2017 and have seen it survive a database crash. The only issue I have with the current running of the site is that their current communication is super slow now. I wish they would give us a weekly digest even if a little vague. (even a monthly digest). Be well, i'll be posting here and on the forum as this develops. |
|
|
|
|
Keeping an eye on this forum for current updates. We really need like a weekly digest from someone within the group with basic info to keep the credibility up.
|
|
|
|
You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.
Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.
I don't know if anyone else has different opinion about it?
The simplest way to stack your "acorns" is of course to DCA. There are even flexible strategies to it depending on income level and amount. Some people stagger their DCA by dynamic DCAing. An example of this with $100 if you were paid on a weekly basis would be buying $10 a day for 7 days until your get paid again and reserving the last $30 for a small dip where you can get the most value out of your trade. The best part about DCAing is that it's one of the least wasteful ways to accumulate anything as you are usually getting the best price for the asset over a given time. It's a super simple fool proof way to invest. Other ways that can help are earning some kind of yield that doesn't expose you to leverage or risk your stash of BTC. If someone attempts to do this try to make sure you have custody of your btc if you attempt to deploy it to make it "work" for you. If you must put it in the custody of some other entity in order to deploy it. Do your research and understand the risks. Use collateral or an escrow system. just my 3 satoshis cheers |
|
|
|
This Thursday, the bitcoin exchange traded funds ETFs hit a substantial daily net inflow of over 360 million dollars making it the largest recorded since late July this year.
Does this mean the USA have increased in its crypto community in terms of its adoption rate or this was due to government effects?
I've had many questions about how the ETF products are made. If they are offering shares of the ETFs against the actual value of bitcoin. What prevents them from stagnating the market by creating an endless rabbit hole for institutional money? while i'm sure they have to purchase spot bitcoin in order to facilitate their product, the shares vs btc issue bothers me as we all know it softens the hard cap at least from this angle. thoughts? share holders are not treated as btc holders. they dont own btc.. so its not like a double spend of the same btc, so its not like the ETF facility owns the coin and the share holder owns the same coin the share holders only own a share of the trust brand. and the trust brand owns the coin, even if the coin is not held by the etf trust brand, but held in a custodian.. share holders are not taking ownership of coin. they are instead just exposed to the trusts accountants say of the balance of price exposure of the trusts value based on the price of the coins so its only about price exposure where by if btc price increases the trusts brands valuation increases and the shares then increase in their valuation Thank you for that deeper explanation. It definitely has a "diluted" feel to it compared to direct ownership in a wallet. But I guess that's what the clients actually want. I still hope the reindeer games between the shares/ valuation and what the ETF holds don't get out of hand. |
|
|
|
It’s been a while since we’ve seen a significant pump in the Bitcoin market, unlike in the past when pump-and-dump trends were common. If I recall correctly, any news involving government approval would cause a pump in price, while negative news, like China’s Bitcoin ban in the past, would trigger a dump, but these effects were usually temporary. Recently, I’ve noticed something different, like with the ETF example. Before it was approved, traders and investors were highly optimistic that once it got the green light, Bitcoin would "go to the moon." The application process for a Bitcoin ETF started back in 2013, /with many applications eventually approved , but this recent one is the biggest. When BlackRock announced their application for a spot Bitcoin ETF on June 15, 2023, it pumped Bitcoin’s price, and then there was another surge from the false report of approval. So, to cut the story short, are we heading towards a more stable Bitcoin price now that institutional investors are entering the market? And if that’s the case, will the market become "boring," with less volatility as the pump-and-dump behavior fades? What are your thoughts on this?..... The larger events like the halving still produce long brooding pumps based on emotion that can be counted on. However now we have some insane whales that have jumped in with the new spot ETFs. Instead of seeing quick spikes like the market had in 2018 and earlier the peaks and valleys of volatility will smooth out based on how the whales shift in the "ocean". The good news is that grass roots adoption is still in my opinion stronger than the whales. |
|
|
|
As we all know, Bitcoin is decentralized, and in its early days, we were proud of that fact--believing no government could control it and even thinking it might replace fiat. Those were the days when we were highly optimistic about Bitcoin’s future. However, with the current AML (Anti-Money Laundering) policies in place, it seems like Bitcoin’s decentralization is being challenged by regulations, especially with the introduction of KYC (Know Your Customer) requirements. Here's a brief definition of AML and money laundering for context. Money laundering is a type of financial crime. It involves taking criminally obtained proceeds (dirty money) and disguising their origins so they’ll appear to be from a legitimate source. Anti-money laundering (AML) refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities. https://www.sas.com/en_ph/insights/fraud/anti-money-laundering.htmlCan we still enjoy the decentralized nature of bitcoin? You bring up a good point. There are ways to solve this however. Projects like Samurai wallet(currently shut down atm) are ways to keep decentralized nature of Bitcoin alive. Check out Ashigaru wallet https://ashigaru.rs/ (This wallet was released by anonymous developers and is less than 10 days old as of this post. be careful and aware of risks. However it is non custodial fork of samurai.) AML policy makers are trying to "color" bitcoin to see if is used properly or possibly from or for nefarious purposes. As far as the base layer, that will always be decentralized. |
|
|
|
How could 13-14 million usd worth of bitcoin be invested in such a way that it will grow exponentially like 10x over gradually in a couple of years in the u.s.? Would this be feasibly possible or not? How could this much bitcoin be put to work? What kind of investsments will allow this?
I honestly think that at this stage with the current pool of users the growth is a bit more Logarithmic. The thing that could make it exponential at least temporarily would be mass adoption from the grass roots level. It's not so much how you invest it but who all is investing. Unless of course you're way out on the risk curve. This however could 0 you out quickly if you aren't careful. "Leverage" etc. |
|
|
|
This Thursday, the bitcoin exchange traded funds ETFs hit a substantial daily net inflow of over 360 million dollars making it the largest recorded since late July this year.
Does this mean the USA have increased in its crypto community in terms of its adoption rate or this was due to government effects?
I've had many questions about how the ETF products are made. If they are offering shares of the ETFs against the actual value of bitcoin. What prevents them from stagnating the market by creating an endless rabbit hole for institutional money? while i'm sure they have to purchase spot bitcoin in order to facilitate their product, the shares vs btc issue bothers me as we all know it softens the hard cap at least from this angle. thoughts? |
|
|
|
|
What I know is that i've had to restart twice in my life from terrible circumstances. I've been using bitcoin for over half a decade now. Bitcoin has been at the center of me recovering. It's already saved me.
|
|
|
|
|
It's a waiting game right now. What would help is if their new customer service checked in like once a week. More communication in a trust based industry helps. The main thing is that interest and withdrawals work.
|
|
|
|
|
Thank you for the replies everyone, some progress has been made but it's super slow.
|
|
|
|
|
It's interesting how it's always the most obscure newbies who constantly complain about the site?
|
|
|
|
I am the victim of a catfish attempt into boiler room fraud. I made terrible choices that go against some of the main tenants of a long time BTC holder and in my heart and mind I count my Bitcoin as gone for ever as I rebuild. That said I am sending information into the ether to help people learn from my story as well as offer incentive for anyone who may have the skills or connections to help. (understand that hindsight is 20/20 and I saw many red flags right after I made bad decisions) The story: I was on tinder when I had a match. we talked over the course of a month. the conversations did not immediately lead to bitcoin and I never told the person how much I had etc. we talked about travel jobs and occasionally investing. previously all catfish attempts were crazy pretty models that have no business being on Tinder so it was easy to spot. This fake was average so I started talking to them. Eventually they invited me to whatsapp chat with 14 or so people. (could be fake copies I have no idea). They mentioned contract trading and led me to an exchange. (Caution fraudulent exchange) isgrape(.)com After being reassured for over two or so weeks I sent some bitcoin in and traded with them. Initially I didn't send most of my stash but after the trade I was convinced to put more on the sidelines. I couldn't withdraw my funds. the site says frozen. To be clear I thought the scam was the trade and not the website. That was my mistake and there are tons of red flags I missed. Now most of my bitcoin is with them. Facts: actual photo of website wallet: https://puu.sh/JfnT4/8d91046029.pngThe website and wallet activity do not match confirming this is an actual fraud and not just them freezing funds. Most of my Bitcoin is around the world somewhere. I can only hope it isn't going to fund Russia or something. fraud wallets: (initial fraudulent wallet) https://www.blockchain.com/btc/address/1QDQZTcKmY8H6snkvLtxizB18w2d9zF5mN(current funds location) https://www.blockchain.com/btc/address/3NWGK7FB5m7nYxRhu5rzge98656ZU49Uf9my wallet: 1DKEam8egLGTre32tiW8bGUDzuDLmvhDey Boiler room Whattsapp numbers: https://puu.sh/JfnWk/471897a597.pnghttps://puu.sh/JfnWz/4a80577df6.pnghttps://puu.sh/JfnXd/05af17add7.pnghttps://puu.sh/Ji5yJ/aa29728b3d.pngThe site is hosted at a company called majestic hosting. And the client used alipay to pay for the site. This would infer china, but without an ID or a location I can't contact a lawyer or anything. The bounty is 20K or 30% of the lost funds. Which ever is higher at the time.
The bounty is fulfilled if I get the coins back to my wallet at that time, the party that either retrieved the coins or parties that together completed the deed will get a split of the award. you will still be rewarded if someone else say arrests the person but I cant reward someone without the BTC in wallet.My painful lesson has been learned. Please only post if you can help I will not answer any inquiries that require me to pay up front. |
|
|
|
They were already operating Free doge at a loss before they were being sucked dry from users. The most i've won in 1 bet was .32, the most I've lost was around .1 . Frankly I don't know you so I don't want to share that much with you and the other lurkers in this forum. Don't forget that if you win any of the top 2 prizes and share a screenshot on this forum they will give you a free $20 so take that into account. You can build your account from the ground up. isn't that enough? Btw I lost all of my BTC to an actual scam last month. So i'm here defending one of my favorite sites because it really has made my life better.
0.32 and 0.10 BTC or DOGE? What year did you win 0.32 BTC/DOGE? What year did you lose 0.10 BTC/DOGE? What multiplier did you use? Why are you afraid to share your statistics with us? You are an ordinary player, others share their successes. Especially when you say that this is one of your favorite sites. Have you won either of the two top prizes? Tell us about your loss of all BTC? I think everyone should know about this scam so as not to get into a similar situation You’re being invasive and rude in a space where the more information you give the larger a target you become. I recommend choosing a different way to talk to people who volunteer their information to you willingly. I bet btc not doge. You understand the top two prizes are 1 and 2 in 10,000 right? Why are you expecting to win suddenly. Btw people have won the top two prizes before just look earlier in this forum. My loss of my bitcoin has nothing to do with freebitco and I’m not telling you anything else. Now chill out. Again all of the people I see complain either gambled their money away or violated the site rules and won’t admit it out loud then come here to complain. |
|
|
|
|
They were already operating Free doge at a loss before they were being sucked dry from users. The most i've won in 1 bet was .32, the most I've lost was around .1 . Frankly I don't know you so I don't want to share that much with you and the other lurkers in this forum. Don't forget that if you win any of the top 2 prizes and share a screenshot on this forum they will give you a free $20 so take that into account. You can build your account from the ground up. isn't that enough? Btw I lost all of my BTC to an actual scam last month. So i'm here defending one of my favorite sites because it really has made my life better.
|
|
|
|
As you can see, TheQuin lies in every post and cannot refute a single argument: It isn't complex at all. There's a checkbox on the multiply BTC page to randomise the client seed on every roll or if you are playing manually you can simply reload the page.
It's complicated and out of date. Why should the player be bothered with constantly reloading the page, and not enjoy the game? You are spot on with the point that we don't know if you are going to bet hi or lo. We also don't know if you are going to change the client seed or not. Both of those things mean that if we tried to anticipate then someone would work out when we would do it and they'd be guaranteed to win.
freebitco.in remembers the player's choice and if, for example, he always puts "hi", you deliberately substitute "lo" 15-19 times in a row, as the victims write Some small sites use a static server seed but you're right that it would be impossible on a site this large. The "computing resources" more specifically disk space required would be astronomical and make the site financially unviable. Most people won't even know what it is and will never reveal their server seed at all meaning would have to store all their rolls for eternity. With over 135 billion rolls so far that would be infeasible.
It's also completely pointless. Both systems perform the function of being provable fair meaning that every player has the opportunity to prove if we cheated or not to themselves. Changing the system just because a handful of customers have a preference isn't a good idea.
Why did stake.com use statistical seed from the very beginning, and their predecessor primedice almost immediately refused to use the system with dynamic seed, after hearing criticism of data forgery from their users (it's all in their topic, look) and switched to statistical seed. Are you sure that so many users are playing on freebitco.in? Say what more than on stake.com? That's a lie and you know that most of the 50 million players don't even visit the site at all. Just take a look at your weekly lottery winnings report and you will understand how many players are actually playing (according to a recent report of active players there are - almost 483,000, now multiply this number by 4 and you get the real number of players = 1,932,000). Check it out for yourself - https://lottery-lists.freebitco.in.s3.amazonaws.com/lottery_round_376.zipWhy is the site financially unviable? So the lambo win and 20 BTC is a lie? Are you misleading everyone? Are you preparing for the shutdown of freebitcoin just like you did with freedogecoin and are looking for the reason for this shutdown? Confess to everyone that the replacement is your new casino - clubriches.com Another lie also applies to 135 billion rolls, because these rolls were made in almost 10 years, not a month. You know that on freebitco.in it is impossible to make a zero rolls, as it is possible on stake.com? Accordingly, it takes years to gain such a number of rolls. To store 50 million seeds you don't need to have an astronomical amount of disk storage, calculate for yourself how much space you need (50,000,000 server seed + 50,000,000 sha256 + 50,000,000 client seed = 150,000,000 * MAX 32 byte = 4,47 Gb). Is this disk space size astronomically large? Although I'm not surprised at all, you have complained in the past about the huge costs due to the storage of freedogecoin players accounts data (how much space does 4 parameters [e-mail/phone number/dogecoin wallet address/player balance] from the database take up on the HDD of a PC?) and advised wetsuit to stop storing this data, thus stealing the players dogecoins. Let each parameter weigh 32 bytes, suppose there were 50 million accounts on freedogecoin (32 * 4 = 128 * 50,000,000 = 6,4 Gb) how can you say that storage of 6.4 GB costs a fortune? You know that not both systems perform the function of provable fair, only the static seed cannot be changed and the manipulative one is provably fair. You will change the system not for a handful of clients, but for all. You know that if you change this system YOU WILL NO LONGER BE ABLE TO ROB PLAYERS I want to be very clear so that the stupid children in the back can hear me. I have won and lost at the betting game on freebitco. The house advantage is the same as any major casino in any gambling city like Las Vegas. The odds are always against you. If you choose to gamble then know it’s your choice to try and go against the odds. Most of the people I see complaining won’t admit they over gambled and lost. Even using gambling strategy the house always wins and it’s their right to make the site that way. It’s also fair since they literally tell you the odds up front. I have cashed out all of my bitcoin recently and it was FINE! Free doge was shut down because they didn’t use a captcha so people made thousands of bot accounts draining the site. It was a fun community service they had to close due to greedy actors. You are choosing to engage with a 3rd party that few have grievances with. The system works. If you gamble and lose that’s on you. Freebitco has been fair and up front with me ever since I’ve joined. Be patient and earn bitcoin with them. |
|
|
|
|
To back up the site again I've used them since 2016 starting on freedoge. I've never had any issues. The people that do are often spamming clicks or bots or something.
|
|
|
|
|
Generally if you can hold 4-5 years or a year after a halving you will do well if you accrued during a low.
|
|
|
|
|
I love the answers so far! Yeah we've already reached the point where known holders are occasionally being attacked. It's crazy!
BTW, if you've been holding for over one halving. I think those people are pretty special. There is a ton of gaslighting in and out of the space.
|
|
|
|
|
Show Posts
