FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[Unsoldier]

Is it really Funfair or FunToken? I'm confused.

It was called FunFair and then they changed their name and become FUNToken. Freebitco.in purchased this project in 2020.

On my side, I no longer think about whether I will profit from the tokens I bought back then. My only target goal at that time was to take advantage of the premium membership benefits of Freebitco.in. I expected that anything could happen, so I'm not too worried about the price of their token now.

I bought $3000 worth Funtokens when Freebitco acquired FUN project. There was a good promotion and since I trust this website, I thought their marketing team would make this coin more popular and more successful, it's freebitco.in after all, a website that every bitcoin enthusiast knows. Now, my 3000$ is roughly 300$, this loss doesn't outweigh the pros that I get from keeping them on their website. Btw I like this website, hope FUN will recover in the next bull run that will be after bitcoin halving.

Unfortunately, this is what happens when you invest your money in cryptocurrency tokens. Very often the price of the token falls and you lose your money. But don't feel bad, maybe at the next bull run the price of FUN will rise and you can make a profit. At least you enjoyed the free spins.

I didn't think it could drop this much... and these days I'm wondering if it will drop to 1 sat? Is that even possible?

The crypto market has been rising for the past few days and perhaps FUN will also rise with the market. But we should not hope for it because the growth can be followed by a fall. But still I think FreeBitco.in will not let the price of FUN fall to 1 cent.

[JackpotRacer]

hello

can someone please explain me the pros to deposit FUN on FreeBitco?

thanks in advance

cheers

Interest paid over your holdings up to 25% annually by locking your FUN tokens on the platform. You can choose between 5 different packages, which go from 15 days to 360 days. It means that during that period of time your tokens will be untouchable and you will have to wait until the time expires, so you can cashout or sell your tokens once again. Usually, I lock my FUN for 30 or 90 days to have more versatility over my tokens from times to times.

thank you very much for explaining. can you withdraw your FUN anytime you like?

[JackpotRacer]

The crypto market has been rising for the past few days and perhaps FUN will also rise with the market. But we should not hope for it because the growth can be followed by a fall. But still I think FreeBitco.in will not let the price of FUN fall to 1 cent.

hmm did you check the FUN quotes lately? as I see it far under 1 cent ! even under half a cent

please correct if I am wrong and we are talking about different tokens called FUN

cheers

[Wiwo]

hello

can someone please explain me the pros to deposit FUN on FreeBitco?

thanks in advance

cheers

Interest paid over your holdings up to 25% annually by locking your FUN tokens on the platform. You can choose between 5 different packages, which go from 15 days to 360 days. It means that during that period of time your tokens will be untouchable and you will have to wait until the time expires, so you can cashout or sell your tokens once again. Usually, I lock my FUN for 30 or 90 days to have more versatility over my tokens from times to times.

Yeah,  I think locking my token for 30-90 is fair enough considering the risk that may be involved in choosing the 360 days lock period that is almost a whole year and between a lot will have happen within that period of time,  so choosing the 30 days or 90 days max token locking period sound suitable enough and also lower your risk level at some point.

[iv4n]

I didn't think it could drop this much... and these days I'm wondering if it will drop to 1 sat? Is that even possible?

13 sats which is its current price is the lowest it has ever been. For the benefits you get as a premium member that is an attractive price for acquiring tokens. Due to the exchange spread, however, users might not be willing to invest in the token. Converting from BTC to FUN and then back to BTC will cost you around 15% of your BTC at current prices. The lower the price goes the more value you lose when exchanging directly on freebitco.in.

Yes you're right, because usually they sell FUN tokens 1 sat above the price. So the more the price is low, the more the margin is relatively high. Currently you can buy them at 14sats which is 7.7% above 13 sats, while it's only 2% when the price is 50sats. So people are maybe less interested to buy them because of that.

Some of us made our first purchase at +60 sats... and where are we now? I would like to stay in FUN investment, but my experience is pretty messed up at the moment...

[uneng]

thank you very much for explaining. can you withdraw your FUN anytime you like?

If you lock your FUN, you can't withdraw it at anytime you want... You have to wait the period of time you locked the tokens. If you lock for 30 days, for an example, you need to wait the whole month until you can access your tokens again. The cons is that price fluctuations may happen downside, and you will be unable to get rid of your portfolio if you want to liquidate it immediately. On the other hand, it's a constant source of passive income with a pretty decent percentage rate...

[STT]

Thats a positive because getting to your stash and selling out early would be quite pointless and damaging, some people got really bad self control on spending every single penny  so a lock you  cant undo is a positive to some I think plus you get paid for doing it.
  We literally had this discussion on this thread 2020 March the BTC price plunging and you know it went up way more later but in that moment looked dire, crypto prices are a rollercoaster fairly easy to say.

Its hard to state but also true a price is not an absolute truth.  Price is not value its a tag that matches the market demand supply today.    Easiest way to put that maybe is substitute this virtual price for your supermarket selling your favorite coke or beer or something the price varies, circumstances, location, time etc. whatever factor can alter a price mostly time I think but the actual product has not altered hence I argue value is separate from price.
  Not sure anyone cares particularly but a lock stops yourself being dragged around on a leash by factors you cant control

[Saint-loup]

Interest paid over your holdings up to 25% annually by locking your FUN tokens on the platform. You can choose between 5 different packages, which go from 15 days to 360 days. It means that during that period of time your tokens will be untouchable and you will have to wait until the time expires, so you can cashout or sell your tokens once again. Usually, I lock my FUN for 30 or 90 days to have more versatility over my tokens from times to times.

thank you very much for explaining. can you withdraw your FUN anytime you like?

No, once your funds are locked you can't access them anymore until the end of the locking period. That's why several periods are offered : 15days, 30, 90, 180 and 360, with different APY though(5%, 10%, 15%, 20%, 25%). So you will get more profits if you lock 100FUNs 30days than if you lock them during 15days + 15days.
You can also get some other perks if you buy FUN tokens on Freebitcoin through the Premium Membership program(I don't know if it works for deposits or not)

[TheQuin]

Yes, I know how to multiply BTC and how to participate in the lottery but this icon does not mention the question that I asked.

Your question was why your base prize is reduced from 6 to 5 sats. The information mark answers how to restore it back to 6 which implies that not doing that is why it is reduced.

Is there any predefined measure for reducing this free faucet value when the btc price is increased

The base prize is always $0.002 and the low wagering reduction can reduce it to a minimum of 33.5% of that.

and soon when bitcoin reaches its all time high, it may be reduced to 1 satoshi too?

I've had conversations with wetsuit during the last 2 bull runs about how we would deal with $200,000 Bitcoin but we never came to a firm decision. I guess we'll deal with that when it gets a bit nearer to happening.

[babygun]

thank you very much for explaining. can you withdraw your FUN anytime you like?

If you lock your FUN, you can't withdraw it at anytime you want... You have to wait the period of time you locked the tokens. If you lock for 30 days, for an example, you need to wait the whole month until you can access your tokens again. The cons is that price fluctuations may happen downside, and you will be unable to get rid of your portfolio if you want to liquidate it immediately. On the other hand, it's a constant source of passive income with a pretty decent percentage rate...

That is always the assessment that you need to make for yourself. I lock most of my FUN tokens for at least 6 months and a part I don’t lock (or only the very short periods). So if the price would take a big upwards swing (which has not happened in a long time), I can always sell some and make some profit.

[Mahdirakib]

Is there any predefined measure for reducing this free faucet value when the btc price is increased and soon when bitcoin reaches its all time high, it may be reduced to 1 satoshi too?

I would like to share my opinion here, although TheQuin has replied to your inquiries. The base reward is equivalent to $0.002 from the hourly faucet. Mathematically, 1 satoshi will be equivalent to $0.002 if the price of Bitcoin reaches to $200k. But we will start getting 1 satoshi from the hourly faucet if the price of Bitcoin reaches near to $135k. But your case is different. You are getting less than the actual base reward. Generally, Freebitco reduce the faucet base reward for those users who claim the faucet always to gather free BTC.

[TheQuin]

The base reward is equivalent to $0.002 from the hourly faucet. Mathematically, 1 satoshi will be equivalent to $0.002 if the price of Bitcoin reaches to $200k. But we will start getting 1 satoshi from the hourly faucet if the price of Bitcoin reaches near to $135k. But your case is different.

I might be missing something here but I think $150k will be the point that $0.002 gets rounded down to 1 sat. However what I was really trying to get at is over $200k is the point it negatively affects us by making the minimum payout more than the $0.002 it is costed for.

You are getting less than the actual base reward. Generally, Freebitco reduce the faucet base reward for those users who claim the faucet always to gather free BTC.

For clarity, it isn't "users who claim the faucet always" but rather users with a low ratio of wagering to free winnings that get the low wagering reduction. You do bring up another point in that 33.5% of $0.002 will become 1 sat at a lower level of BTC price which will reduce the effectiveness of the low wagering reduction. Whether or not we need to do anything to counteract that effect will be something we have to consider if/when it happens.

[Betwrong]

It's 4 times less probable to roll 10000 than 9999, so, I wouldn't be surprised if it didn't appear for like next 20 years, but I know that it can happen today too.

I still remember the heart stopping moment of when I rolled 10000 one fine morning 16th of October 2016 and was staring at my device for a few minutes and pinching myself that it was not a dream.

Before this there was a huge distrust among the community that 10k for 200$ prize was actually never possible and my post was criticized a lot too but I tried my best to clear the distrust and wetsuit created the giveaway of the ones who report 20-200$ wins would get 5$ rewards on their account from then on.

Here is the link to my thread where I declared my big win: Got 200$ from Freebitcoin today morning, call that a BIG WIN

I still roll whenever I have time hoping to see another one soon
Oh and I noticed we just hit page number LEET, noice!

Wow! I'm surprised I didn't know it! You actually rolled rolled 10000, Ultra? That's amazing! Won $200 in October 2016. How much is it now? More than $10k? Congrats, my friend! FreeBitco.in is an amazing place where things like this can happen. I'm waiting for my 10000. I'll roll it soon, I can feel it.

[piebeyb]

The crypto market has been rising for the past few days and perhaps FUN will also rise with the market. But we should not hope for it because the growth can be followed by a fall. But still I think FreeBitco.in will not let the price of FUN fall to 1 cent.

If the increase will continue to persist and not play below $32k or $30k until next Monday it will definitely push up even higher considering that the weekly charts are in an uptrend, I see there has been a downward push since yesterday but it has not fallen below the price of $30k, I think this will be a positive trend at the end of the year, however the bull market is not yet complete if FUN follows the bitcoin market at least wait until the bitcoin halving.

I think it's true that freebitcoin won't let the price of FUN drop by one cent, but for now, maybe anyone who wants to buy must make sure they really understand all the risks, the risk of losing money is not only in gambling, even in trading, there is one too, DYOR always prioritizes that until so you don't invest wrongly. 

[TheQuin]

- This is my simulation with real data and scenarios. Questions?

https://www.talkimg.com/images/2023/10/28/T5Ug3.jpeg

You have to tell me what point you think it's making for me to have any questions.

[Mahdirakib]

I might be missing something here but I think $150k will be the point that $0.002 gets rounded down to 1 sat. However what I was really trying to get at is over $200k is the point it negatively affects us by making the minimum payout more than the $0.002 it is costed for.

If I'm not mistaken, then Freebitco use 'round half up' and 'round half down' method for the faucet amount calculation. Therefore, we will receive 1 satoshi from the faucet if $0.002 becomes less than 1.5 satoshi for the price surge of Bitcoin. And the faucet will give 2 satoshi as long as $0.002 stays between 1.5 satoshi to 2.5 satoshi.

$0.002 will be less than 1.5 Satoshi when the price of Bitcoin reaches above $133.5k. And we will start getting 1 satoshi from that point for the 'round half down' rules. (1 ÷ 133,500) × 0.002 = 0.00000001498 BTC (1.498 Satoshi).
@hosseinimr93, Can you verify whether I'm right or wrong? You are good in this type of calculations.

~snip~

I don't know how you made the calculations, but it is wrong.

[TheQuin]

I don't know how you made the calculations, but it is wrong.

I think I've worked out where it's gone wrong which is I guess their question.


The rewards are calculated from the $200 level and then each prize down is 1/10 of that. But they have taken 1/10 of the previous prize in the table rather than calculating each individually from the $200 level which does affect rounding.



So here they have taken 0.00000005 /10 = 0.000000005 and rounded up to 0.00000001

Where they should have taken 0.00044450 / 100000 = 0.000000004445 rounds down to 0.00000000

Edit: After thinking about it a better of explaining it than each level is calculated from the $200 level is that each level prize is actually in USD and then converted to BTC and rounded to the nearest whole sat.
So the prize levels are
$0.002
$0.02
$0.20
$2.00
$20.00
$200.00
Converting and rounding each of those values will give the same result as the method I used above of dividing from the $200 conversion but if you just divide the level above by 10 you'll end up rounding a number that's already rounded.

[hosemary]

@hosseinimr93, Can you verify whether I'm right or wrong? You are good in this type of calculations.

You are right. To be more accurate, the base prize should decrease to 1 sat once bitcoin price reaches $133,333.33.

Below are the base prize for different bitcoin prices.

_____________________	_________________________
Base prize (in sat)	Bitcoin price (in dollars)
_____________________	_________________________
10	19,047.62 - 21,052.63
9	21,052.64 - 23,529.41
8	23,529.42 - 26,666.66
7	26,666.67 - 30,769.23
6	30,769.24 - 36,363.63
5	36,363.64 - 44,444.44

4	44,444.45 - 57,142.85
3	57,142.86 - 79,999.99
2	80,000.00 - 133,333.33
1	133,333.34 - 400,000.00
_____________________	_________________________

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[TheUltraElite]

Wow! I'm surprised I didn't know it! You actually rolled rolled 10000, Ultra? That's amazing!

Yes sir I did and was stunned for a few minutes that morning staring at my device.

Won $200 in October 2016. How much is it now? More than $10k? Congrats, my friend!

I never sold that amount directly, but its slightly more than 10grands in USD at the current conversion rate. Which means that at that time bitcoin price was 1/5th of what it is today, which checks out around 600 USD.

FreeBitco.in is an amazing place where things like this can happen. I'm waiting for my 10000. I'll roll it soon, I can feel it.

Thats the spirit of freebitcoin, but I have been trying a number of times every day too but have not got it again. The probability is low, I was extremely lucky on that roll.