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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 519643 times)
numanoid
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March 11, 2017, 05:56:35 AM
 #2121

So freebitco.in have new features in their site.

From faucet (which is the primarily reason of it's popularity), dice, lottery, reward points and now for bitcoin savings account. Well even it is a legit one, just want to remind people that investing in a system like that is really a high risk. Yes no one is forcing investors to make invest with them but it's a clear thing that even a good company that runs for more years can soon be fraud someday although Im not saying this to freebitco directly as Im using their faucet services since then due to my referrals that still active up to today but it has a possibility.

But I didn't understand why they want to pay interest for keeping coins in their account? Are they going do any business with these stored coins to grow more money for them?

I couldn't find anywhere what they do with these stored coins and how they generate profits for their users. If they make it clear in public then we can think of whether deposit or not. But for faucet point of view, it is a good site.

You could atleast read the full page before commenting for your sig campaign.
LOL! nice catch, and he immediatelly deleted his post, but fortunately you already qouted his post. Now you can ask any DT members to tag him for spamming on your thread because didn't read first.
Goodluck for your new feature anyway (investment).
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March 11, 2017, 04:59:07 PM
 #2122

So FreeBitco.in now allows user to get interest if the user mantain a balance of at least 30,000 satoshi (0.0003 BTC) in his FreeBitco.in account, the annual interest rate is quite good at 4.08% and is given daily, but I wonder how does the site generate enough revenue to give out all the interest? I think the admin wanted people to deposit big amount of Bitcoin into his site as investment, the reason is to cover the bankroll for his dice site.

Maybe some users would deposit a few Bitcoins to get interest alike a bank account as the interest rate is attractive, just my guess  Smiley

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March 11, 2017, 08:32:30 PM
 #2123

So FreeBitco.in now allows user to get interest if the user mantain a balance of at least 30,000 satoshi (0.0003 BTC) in his FreeBitco.in account, the annual interest rate is quite good at 4.08% and is given daily, but I wonder how does the site generate enough revenue to give out all the interest? I think the admin wanted people to deposit big amount of Bitcoin into his site as investment, the reason is to cover the bankroll for his dice site.

Maybe some users would deposit a few Bitcoins to get interest alike a bank account as the interest rate is attractive, just my guess  Smiley

I think the owner found a mistress who has a lot of demands  Grin
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March 11, 2017, 09:24:43 PM
 #2124

the annual interest rate is quite good at 4.08% and is given daily, but I wonder how does the site generate enough revenue to give out all the interest?
Annual interest is 4.08% which is something around 0.011% daily, if you invest you will reach ROI in more than 20 years  Grin, but good side is that you can withdraw your money in any time(i hope).
Now, if OP is doing what he claim he is doing, you can't look at interest only as a return from revenue from ads, there is lottery, dice and mining(IMO).

I think the admin wanted people to deposit big amount of Bitcoin into his site as investment, the reason is to cover the bankroll for his dice site.
Not only for dice bankroll, this is from FAQ:

Quote
When you hold money in your FreeBitco.in account, we split it into 3 parts - the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation (which is currently over 6 Petahashes or 0.18% of the total hashpower of the bitcoin network). We make a profit and assume the full risks of our businesses and in return for you saving your money with us, we give you a risk-free fixed rate of return.

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March 12, 2017, 02:02:30 AM
 #2125

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest
The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run
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March 12, 2017, 02:27:06 AM
 #2126

please let know how come join d here
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March 12, 2017, 08:20:34 AM
 #2127

please let know how come join d here
Do you mean how to sign up on freebitcoin? It is very simple and easy, just go to freebitco.in and fill the blank with your email address, password and your bitcoin address, finally solve/fill the captcha. Once you done, just click "sign up" and Done!
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March 12, 2017, 11:08:57 AM
 #2128

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest
The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run


As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.


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March 12, 2017, 04:46:21 PM
 #2129

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

This is not true. Thier payouts are among the highest in the world of faucets and that's why they are mentioned almost by every site reviewing existing bitcoin faucets.

To be more precise you can get guaranteed $0.002 in BTC every hour, but also you can win up to $200 while claiming the faucet.

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March 12, 2017, 06:01:21 PM
 #2130

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

This is not true. Thier payouts are among the highest in the world of faucets and that's why they are mentioned almost by every site reviewing existing bitcoin faucets.

To be more precise you can get guaranteed $0.002 in BTC every hour, but also you can win up to $200 while claiming the faucet.

It's easy to play the faucet and you can gamble with their Hi-Lo game as well. What is interesting is getting referrals then have a passive income :-)

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March 12, 2017, 06:28:32 PM
 #2131

So FreeBitco.in now allows user to get interest if the user mantain a balance of at least 30,000 satoshi (0.0003 BTC) in his FreeBitco.in account, the annual interest rate is quite good at 4.08% and is given daily, but I wonder how does the site generate enough revenue to give out all the interest? I think the admin wanted people to deposit big amount of Bitcoin into his site as investment, the reason is to cover the bankroll for his dice site.

Maybe some users would deposit a few Bitcoins to get interest alike a bank account as the interest rate is attractive, just my guess  Smiley

I think the owner found a mistress who has a lot of demands  Grin

It might be possible that the owner might have some expansion plans, for which the owner needs money.

BitcoinMarshal
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March 12, 2017, 06:33:33 PM
 #2132

So FreeBitco.in now allows user to get interest if the user mantain a balance of at least 30,000 satoshi (0.0003 BTC) in his FreeBitco.in account, the annual interest rate is quite good at 4.08% and is given daily, but I wonder how does the site generate enough revenue to give out all the interest? I think the admin wanted people to deposit big amount of Bitcoin into his site as investment, the reason is to cover the bankroll for his dice site.

Maybe some users would deposit a few Bitcoins to get interest alike a bank account as the interest rate is attractive, just my guess  Smiley

I think the owner found a mistress who has a lot of demands  Grin

It might be possible that the owner might have some expansion plans, for which the owner needs money.
If you can read some above posts then check this one the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation
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March 12, 2017, 06:35:53 PM
 #2133

Thank you for this, I'll make sure to try it Smiley
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March 12, 2017, 08:56:03 PM
 #2134

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

This is not true. Thier payouts are among the highest in the world of faucets and that's why they are mentioned almost by every site reviewing existing bitcoin faucets.

To be more precise you can get guaranteed $0.002 in BTC every hour, but also you can win up to $200 while claiming the faucet.

It's easy to play the faucet and you can gamble with their Hi-Lo game as well. What is interesting is getting referrals then have a passive income :-)

If you run your own faucet you can advertise this one and make nice refferal income if you get the right people who like to gamble at least once a day fpr free. You get their wins and loses so maybe ypu can make enough to buy lunch 2 or 3 times a month or a few beers. Netter than nothing and good to be passive income.

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March 12, 2017, 11:12:00 PM
 #2135

Is there any risk that the new savings thins (4% per year) is one of those ponzi schemes?

Bitcoin for the win
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March 12, 2017, 11:53:05 PM
 #2136

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest
The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run


As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site
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March 13, 2017, 12:53:56 AM
 #2137

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest
The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run


As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site

Yeah I don't know how they managed to survive in fact...
It's a very old faucet but how did they manage to stay when so many others disappeared?

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torry28
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March 13, 2017, 01:10:25 AM
 #2138

Is there any risk that the new savings thins (4% per year) is one of those ponzi schemes?
This is what wetsuit has said
Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them.
And this when i asked,  

With 4.08% interest annually, it's higher than interest on bank (around 2-3% annually).
Is there any assurance if something bad happened (hope not) with our money?


We plan to expand quite conservatively and do hedge against the bitcoin price rising too quickly or the mining difficulty jumping to ensure that we always make a profit in bitcoin (not only in USD). This way, growth is slower but profits are consistent and fairly predictable.

If you mean that we could run away with your money, that is always a possibility but we probably stand to make more by running a honest business than by scamming. Also, it is a bit difficult to "run away" with a million dollars+ worth of equipment weighing a few tons. It wouldn't be too difficult for someone to track us or our miners. We have already invested over 1,000 bitcoins in the mining operation and unlike most other cloud mining service we do provide actual proof of mining.
The final decision still in your hand, but from his answer, i can say wetsuit is a honest guy.
Kakmakr
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March 13, 2017, 06:44:39 AM
 #2139

Is there any risk that the new savings thins (4% per year) is one of those ponzi schemes?
This is what wetsuit has said
Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them.
And this when i asked,  

With 4.08% interest annually, it's higher than interest on bank (around 2-3% annually).
Is there any assurance if something bad happened (hope not) with our money?


We plan to expand quite conservatively and do hedge against the bitcoin price rising too quickly or the mining difficulty jumping to ensure that we always make a profit in bitcoin (not only in USD). This way, growth is slower but profits are consistent and fairly predictable.

If you mean that we could run away with your money, that is always a possibility but we probably stand to make more by running a honest business than by scamming. Also, it is a bit difficult to "run away" with a million dollars+ worth of equipment weighing a few tons. It wouldn't be too difficult for someone to track us or our miners. We have already invested over 1,000 bitcoins in the mining operation and unlike most other cloud mining service we do provide actual proof of mining.
The final decision still in your hand, but from his answer, i can say wetsuit is a honest guy.

Really? Ok, ask Wetsuit to show you the regulatory approval for him to "offer" banking services to the public. There are several applications that needs to be done to operate as a bank. { Deposits / interest / withdrawals ....}

Where is the approval for a federal or state charter? All insured banks must comply with the capital adequacy guidelines of their primary federal regulator (Federal Reserve, FDIC, or OCC).

These regulations are put in place for people to show that they have capital to support its risk profile, operations, and future growth even in the event of unexpected losses.

If he says that he does not operate as a bank, then other regulatory approval is needed to operate a business where you pay dividends or "shares" or interest on deposits. ^hmmmmmmm^


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freemanjackal
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March 13, 2017, 05:53:01 PM
 #2140

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest
The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run


As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site
true, advertisement is their main sourse of income, the house edge is too big for attracting great users, just those starting on bitcoins, and faucets gives a small amount but usefull for btc newbies
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