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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 426151 times)
ESG
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January 07, 2020, 12:54:08 PM
 #10801

Hi guys, seems freebitco is still leading website and rewards aren't small at all but I have some questions that I didn't understand.
Website says that there is Bonus +0.00000378BTC added to all rewards but still I get basic 0.00000405 BTC payout in each roll.
Also it states:
1. increase your FREE BTC rewards by up to +0.00000513 BTC
2. 57.3814% achieved towards the next +0.00000027 BTC bonus!
I didn't understand why I don't get this rewards and is there any bar that fills to understand whether my lottery bought increases freeroll rewards?
Since it states that Bonus +0.00000378BTC is added to all rewards, why don't I get that?

Because the base is 27. 27+378=405
Regular free-roll basic reward is 27satoshi, so if you get 405 while free-roll, your reward was boosted as promised.
Hope it helps.



......but if you don t play /  bet the needed or don t   deposit the minimum//  you win free  on free roll, only  0.00000008 now?  that s  vey little..  and he's well far from the mind the site says paying..  i don t  know what they do with  the remaining// or why give a lot little to person   what can not  Deposit a minimum..  or dont want lost yours litlle satoshis  on betting//gambles???>>>    or  you spend money or you dont win??  i think it is..   >>>0.00000025 - 0.00000008 = 0.00000017(?) REMAINING??}}}  this was ever  my doubt about it...  is big vicious circle  to people  cant do make a deposit???

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January 07, 2020, 01:25:46 PM
 #10802

^^^^
Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets.
Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing.
A good example is round 232 where the first winner had only 2 tickets.

That is exactly how lottery works, as it is a game of luck. More tickets is indeed more chance to win but it does not push your luck by buying many tickets.
Buying more tickets is fine, but we should not force ourselves to do it. At least we should not go over our own limit.
There are many example of winners here with low number of tickets, they are so lucky winners and I believe those were from the free tickets only.

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January 07, 2020, 01:57:50 PM
 #10803

At this point, I am just questioning the legitimacy of this site..
YinShuiSiYuan
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January 07, 2020, 03:25:53 PM
 #10804

At this point, I am just questioning the legitimacy of this site..

 Grin Grin It can't be said that it was a elaborate statement .. Could you share your doubts with us, or maybe what you think destroy the credibility of this well established website that has been existing for years and giving away Bitcoins for free?

.
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January 07, 2020, 03:54:01 PM
 #10805

In the last round of the lottery (Round 240), there were totally 260 million tickets. They cost 2.6 BTC. The value of total prize given to winners was 0.65 BTC.
So, 25% goes to winners and 75% goes to the house.
If you buy the tickets to participate in the lottery, it's like that you play a game with 75% house edge.
75% going to the house looks like huge. But I think it's not very accurate to say this. Because out of these 260 million tickets, huge number of it were received for free (free rolls, wagering, betting, as commission from referrals). Bought tickets make only small part of total tickets. So, I think it's normal that only 25% goes to lottery winners.
I know a big part of tickets come from free rolls, referral, wagering, etc.
I was talking about the profitably of buying tickets. I was not talking about the profit house makes with lottery tickets and I didn't say going only 25% to winners is not normal. Considering free tickets, I don't think the house even makes any profit in the lottery.

The game is in favor of those who earn tickets via free rolls, referral, wagering, etc. But those who participate in the lottery by buying the tickets play a game with 75% house edge.
It doesn't mean that the house is making 75% profit.
75% house favor is not house making 75%, that 75% includes all the free tickets gave away and not the tickets bought. So yeah, if you buy tickets you could be at disadvantage but house is usually at disadvantage by giving away so many free tickets, each and every single roll is one free ticket and considering that it means they are most of the time not making any profit at all but not losing too much neither and considering they do have a ton of people wagering on their hi/lo they are not losing that much important money on lottery and just let it be even if it loses a bit for them.

However the reality is, you do increase your chances to win by buying more tickets, doesn't mean you will win but nobody can deny that more tickets = bigger chance, that part is still true.
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January 08, 2020, 07:02:23 AM
 #10806

@Betwrong no I didn't buy any of my tickets at all, never bought a single ticket. I got all of it from freerolls and multiply. Been slowly accumulating a big balance on the site and gambling with it, very conservatively with max amount bet 10% of bankroll and always taking advantage of RP bonus.

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January 08, 2020, 07:56:06 AM
 #10807

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
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January 08, 2020, 08:05:28 AM
 #10808

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

Very optimistic of you, but I doubt it would even reach that far. Maybe 5 figures is possible but a million is a long shot.

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January 08, 2020, 08:17:13 AM
 #10809

I guess that's how bitcoin behaves.. ain't it? Gives you beautiful surprises when you least expect it?

You think 1M USD ever to happen at all?
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January 08, 2020, 09:01:50 AM
 #10810

I guess that's how bitcoin behaves.. ain't it? Gives you beautiful surprises when you least expect it?

You think 1M USD ever to happen at all?


Which is why it is very very important to never expect big prices! This was the problem of 2018 and 2019, people kept expecting the bull run so it never came. I am really hoping this year nobody hypes anything and we give up on 1 M BTC because it will come if we do not ask for it.

Oh and thank goodness McAfee no longer will make d*** headlines for the rest of the year now that he has said he will not do it for sure.

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January 08, 2020, 02:48:04 PM
 #10811

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
Right now, there are over 340 days left until 2020 is over, there is absolutely no way anyone could know what bitcoin could do until that moment. Plus this is more about which price it is closer and not which price it will be. So, 100k means over 75k because under 75k goes to 50k, and by over 75k I mean it works until 175k or so if my math is not wrong, so basically just saying over 75k since over 175k is definitely not possible inside one year.

It shows you that 100k is more viable than it looks, it doesn't mean 100k, it means over 75k, still quite improbable to happen, still wouldn't bet that, still very difficult but compared to over 100k, over 75k is more realistic. I would still bet on 10k or 25k, those two looks like the most realistic to me this year, but who am I to know what will happen.

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January 08, 2020, 05:30:44 PM
 #10812

At this point, I am just questioning the legitimacy of this site..
Feel free to backread at the last 500 pages and tell us if you see any bad reputation or any accusations that arent solve by this site.

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January 08, 2020, 07:30:09 PM
 #10813

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
Its not good bet as I am not feeling its going to touch this figure in this year we have to wait for this figure.
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January 08, 2020, 07:35:23 PM
 #10814

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
Its not good bet as I am not feeling its going to touch this figure in this year we have to wait for this figure.

1.000.000 this year is pretty impossible. Even McAfee backed off from that prediction.

Something between 50k and 100k USD is quite possible though.

If 1m happens there won't be any btc holders left around in this forum anymore probably because most will get out as soon as they see a new ATH.




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January 08, 2020, 08:30:15 PM
Last edit: January 09, 2020, 12:08:02 AM by STT
 #10815

Dont get wound up on the price, consider the market capital in total and then contrast it to various other markets.   When bond markets are unwinding in value which is inversely when interest rates rise as inflation is perceived or ongoing in high street prices then you have a possible flow of capital from the largest market in the world which is debt and government securities trading.    
   Only when bonds are off the QE yellow brick road we will start to see the really impossible prices elsewhere and 100k or 1m per BTC is that level imo.   The Feb to July prices this year was a bullish trend and it was quite steady in that for a long while and beyond the expectations of most.
    Japan has been running artificial debt purchases and QE programs since the early 90's and not fallen over just yet, I dont estimate we dodge consequences that long and generally technology is a way to speed up an existing phenomena.  
Quote
Something between 50k and 100k USD is quite possible though.
Not this year,   I'd guess more like 10k or at best low five figures and I consider that bullish. 50k this decade would get you laughed off the stage most places, thats about the valuation of Apple I think so does Bitcoin serve that many people every day.


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January 09, 2020, 04:20:32 AM
 #10816

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

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January 09, 2020, 09:48:48 AM
 #10817

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

Never say never I always say in crypto. I do not think a 100 years ago people thought they would be able to see gold make this much and get this much attention. 10 years ago people were saying $30 was a pipe dream and now even stupid altcoins get $30 easily.

We will probably not be around to live and see btc get 1 billion but I suspect 1 million is a matter of years.

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January 09, 2020, 10:57:23 AM
 #10818

Dont get wound up on the price, consider the market capital in total and then contrast it to various other markets.   When bond markets are unwinding in value which is inversely when interest rates rise as inflation is perceived or ongoing in high street prices then you have a possible flow of capital from the largest market in the world which is debt and government securities trading.    

Exactly! Unless you're specifically a trader who speculates on price or some kind of gambler looking at options and futures with contract expiry happening soon, then price isn't important to you. You're holding or you're investing in a future, where price (at a chart limit of weeks and months and years) is always on the uptrend. And look at underlying value like you said, capital flow is coming into Bitcoin, not going out.

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January 09, 2020, 04:40:56 PM
 #10819

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.
I agree that $100k is definitely not possible this year and it will probably stay at maximum 30k even if it has a huge bull run. However saying 1 million is impossible ever is a bit over exaggeration don't you think?

I mean we are talking about bitcoin here and I am not entirely sure if it will exist in 100 years, technology keeps improving and we didn't had credit cards just 100 years ago and now it is vital part of our life, so maybe in 100 years bitcoin will be super adopted common thing or maybe something else that is much better will come out and bitcoin will be zero. Still, if it is still around in 100 years, considering all the inflation and all that 1 million is not impossible for bitcoin at all, in 30-40 years time it looks still quite possible.

However, $100k just this year is definitely a very very stretch possibility, probably as close to impossible as it gets without being technically impossible.

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January 09, 2020, 06:01:48 PM
 #10820

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ?  or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet.  Smiley
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