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[trblshtr]

This is my current Annual Interest Rate:
https://i.ibb.co/BtYZkSH/annual-interest-rate.png
ANNUAL INTEREST RATE
4.39% (+0.31%)*

Seems like you haven't understood the system yet even though hosseinimr93 has explained it above, and id5000 has shown you the calculation. Freebitco team has mentioned this in the premium membership page

Receive 1% cashback on your MULTIPLY BTC / BETTING wagers, 16 free Wheel of Fortune spins daily and 25% increase to interest rates by buying and holding FUN tokens in your FreeBitco.in account!

They have said about the increase of the 4.08% interest rate by the 'X' percentage. The 7.5% increase of 4.08 is: (7.5÷100) × 4.08 = 0.306%. It has been rounded up to 0.31%. Therefore, your interest  boost amount is accurate there. Try to understand the system properly.

Firstly thanks for your example. Please correct me If I understood something wrong. Thats why I am here. What can easily be misunderstood is that there is a difference between Annual and Daily Interest separately calculated.

I understand the value in brackets (0.31%) is the so-called Bonus Interest for FUN holders that is already included in the value before the brackets (4.39%).
To get the Daily Interest calculated based on the Annual Interest 4.39% (Bonus of 7.5% already included) then I result in 0,0121944444 and not 0.01178082%.
My calculation is 4.39/360=0,0121944444 to get the daily interest. But on my EARN BTC tab is just @ 0.01178082% * per day given..

From my point of evidence this looks like if the fixed daily rate is wrong (not corresponding with the Annual Interest) and seems to be like scam or an error.
This means loss for me day by day if this is not fixed. I am searching for support but nothing happens. I am not that guy that waits six months to get support response..

My initial question was how long I should wait for support from freebitco before I open a separate Scam accusation here?

[Mahdirakib]

To get the Daily Interest calculated based on the Annual Interest 4.39% (Bonus of 7.5% already included) then I result in 0,0121944444 and not 0.01178082%.
My calculation is 4.39/360=0,0121944444 to get the daily interest. But on my EARN BTC tab is just @ 0.01178082% * per day given..

You have to divide it by 365 to calculate the daily APY rate. Still, there is something strange on the Freebitco daily APY rate. The daily APY rate is 0.0109589% for those user who doesn't have premium membership benefits.



It becomes 365 × 0.0109589 ~ 4% for a year. Which is almost 2% less than it should be. By considering your interest rate: 365 × 0.01178082 ~ 4.3%, it is also 2% less than it should be. I can't recall whether TheQuin had clarified about the interest rate or not here in the forum. My calculation doesn't match with the exact rate, but it is pretty close.
@hosseinimr93, you are too good in this kind of calculation. Do you have any idea about this strange calculation system of Freebitco interest rate?

Edit: Freebitco calculation become accurate when 1 year is equal to 372.30014 days .

[hosemary]

@hosseinimr93, you are too good in this kind of calculation. Do you have any idea about this strange calculation system of Freebitco interest rate?

You wouldn't get accurate result for daily interest rate by dividing the yearly interest rate by 365.
Take note that not only you get interest on your initial balance, but also you get interest on interest you have earned so far.

Assuming you have 1 BTC, you will earn 0.000109589 BTC on the day 1 and you will have 1.000109589 BTC at the end of that day. On the day 2, you will earn 0.000109601 BTC and you will have 1.00021919 at the end of that day. On the day 3, you will earn 0.000109613 BTC and so on.

At the end of the day 365, you will have 1 * (1.000109589)³⁶⁵ = 1.0408 BTC.

[babygun]

Wow the price of fun is eight now, last time I was around it was sixteen.

Good time to buy. Anyone think it'll go lower?

A few months ago I asked if we would see FUN below 10 satoshis, and that is what is happening these days. 9 satoshis today, but that's usually how it goes, the price goes up and down a couple of satoshis, but more down... I was thinking of buying a little more FUN again when it drops below 10, but I don't think this is the bottom yet. I guess I can say that I think it will go lower, at least it seems to me that the chances of that are much higher than that the FUN price will increase anytime soon.

The price only seems to be getting lower and lower and there seems no clear indication that this trend will be overturned. Allthough the price is very low, it feels like a falling knife so I will not buy any for the moment.

[dwyane36]

Wow the price of fun is eight now, last time I was around it was sixteen.

Good time to buy. Anyone think it'll go lower?

Not especially lower, there is the price in BTC and also the more level price in dollar or cents to consider.    This question is in majority a play on Bitcoin itself and its direction, we do seem to have weakness apparent in the price hence FUN price has no pressure on it especially to appear lower in sats price.
 
The wider question for me is do I continue to lock when I can and I think yes all time frames upto a year to lock is a fair idea, I dont want to depart any time soon and I still appreciate the benefits so thats the view for me.  Its not quite out right speculation as an answer because there is this idea of a yield to holding.   BTC overall I think is ok but near term its selling some are taking profits same old story.


So I'm made up on monthly price bet, negative is a fair bet rather then the whole boxed in price ranged movement occurring.   That would have placed BTC higher then now but it does seem we have a trend downwards and I will stick with that view so long as we are below the 50 day average.

  The caution to speculative bets I would add is advice I received from proper full time traders, direction of a moving average is the strongest indicator and 50 DMA and 200 DMA are rising so remain positive on that full time frame.

As it seems to me, there is a possibility that the BTC price will consolidate in a relatively small range shortly. I guess most users apparently think the same way, as there are quite a lot of bets that have already been placed in the $65k to $70k range. By the way, if the Bears can't break the support around $61k, there could probably be another ATH as early as May.

[Slow death]

As it seems to me, there is a possibility that the BTC price will consolidate in a relatively small range shortly. I guess most users apparently think the same way, as there are quite a lot of bets that have already been placed in the $65k to $70k range. By the way, if the Bears can't break the support around $61k, there could probably be another ATH as early as May.

In my opinion I see the price falling a lot in the next month before increasing a lot again, this is because people's optimism is centered on the bitcoin halving, which is why they are buying thinking that the price will rise quickly, but days after the bitcoin halving they will realize that the price is not rising much and they will panic and start selling. less than 3 days left until bitcoin halving



source: https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00

I see this option:



like a trap, and a low odds that can make people bet on it convinced that after the halving the price will increase quickly, when it will drop a lot in my opinion, after June, July we will start to see the price rising again but little by little

Wow the price of fun is eight now, last time I was around it was sixteen.

Good time to buy. Anyone think it'll go lower?

A few months ago I asked if we would see FUN below 10 satoshis, and that is what is happening these days. 9 satoshis today, but that's usually how it goes, the price goes up and down a couple of satoshis, but more down... I was thinking of buying a little more FUN again when it drops below 10, but I don't think this is the bottom yet. I guess I can say that I think it will go lower, at least it seems to me that the chances of that are much higher than that the FUN price will increase anytime soon.

The price only seems to be getting lower and lower and there seems no clear indication that this trend will be overturned. Allthough the price is very low, it feels like a falling knife so I will not buy any for the moment.

the price will tend to fall constantly until it becomes a dead project, when I talk about a dead project I am referring to the scenario in which the price of the token starts to fall a lot to the point where people have no interest in buying even if they see it. that the price is low, this is because when they research more about the token, they will realize that its usefulness is for casinos and that the casinos that are using the token have not been the best casino, I'm not talking about one of the best, I'm talking about the best casino. so people will see that if the casino is not the number then it does not have many active customers who are playing with a lot of money, therefore the token will have little demand, therefore potential investors will not buy the token. Unfortunately, those people who bought it many years ago and hodl it for many years will reach their patience limit and sell the token at a loss.

In my opinion, when it comes to casino tokens, if a person buys early and gets a profit of 2x or 3x, then it is better for that person to sell and be happy with the 2x or 3x profit that they managed to obtain, because if the person is very If you are greedy and dream of 10x profits, then you could hold on for many years and then sell at a loss, whereas you could have sold early and made a 2x or 3x profit. Casino tokens are not investments for many years in my opinion. the token itself can survive for many years, but giving high profits for many years, I think is dreaming too big, given the nature of the casino business and the competition that exists in this casino market

[Mahdirakib]

Assuming you have 1 BTC, you will earn 0.000109589 BTC on the day 1 and you will have 1.000109589 BTC at the end of that day. On the day 2, you will earn 0.000109601 BTC and you will have 1.00021919 at the end of that day. On the day 3, you will earn 0.000109613 BTC and so on.
At the end of the day 365, you will have 1 * (1.000109589)³⁶⁵ = 1.0408 BTC.

Thank you for clearing the doubts. I was using the general calculation formula without considering the compounding system.

My initial question was how long I should wait for support from freebitco before I open a separate Scam accusation here?

You don't need to create any accusation. Check the above post of hosseinimr93 to know how the APY is actually calculated. Currently your daily interest rate is 0.01178082 including the boosted amount. If you hold 1 BTC on your account, then you will have 1 × (1.0001178082)³⁶⁵ = 1.0439 BTC after 1 year. The interest amount is 0.0439 BTC, which is 0.0439 × 100 = 4.39% (your APY with the boosted percentage).

[TheUltraElite]

As it seems to me, there is a possibility that the BTC price will consolidate in a relatively small range shortly. I guess most users apparently think the same way, as there are quite a lot of bets that have already been placed in the $65k to $70k range. By the way, if the Bears can't break the support around $61k, there could probably be another ATH as early as May.

I see placing bets on the price to be anything but safe around this halving in place. It can go haywire and most likely not go in any favor. Predictions are like that, one side will win but the other side will lose - then there is also the third side where it stays sideways, tough luck to hit the one that would happen in real.

About the FUN token, future seems bleak, even though I am sure many of the forum members have invested in it. I would rather keep coins on the site only to get the base interest and forget about FUN token for the time being.

[piebeyb]

As it seems to me, there is a possibility that the BTC price will consolidate in a relatively small range shortly. I guess most users apparently think the same way, as there are quite a lot of bets that have already been placed in the $65k to $70k range. By the way, if the Bears can't break the support around $61k, there could probably be another ATH as early as May.

It should remain stable at $60k but it is more likely that in the near future the price of bitcoin will reach below it after the halving announcement, I think that will be the moment for investors to take advantage of the results of the fomo halving which has been echoed since several months ago, but usually after halving always has a high increase, for example next year, but I would be happy to bet on a price below $60k if it is possible that next week the price will not be above $60k again, everyone has their own analysis and also has a different view on the future price of bitcoin.

But not everyone will get 100% accuracy, sometimes what we predict is not necessarily accurate, there are things we don't know that the price of bitcoin is too volatile so it is difficult to predict at this time where the time is very close to the halving time which will not be long , but we have been experiencing an increase for quite a long time, we are worried that there will be a decline and price correction in the future before entering 2025, maybe we have seen that the price was below $ 60k and it was pushed up again, I want to see how long they will play at $60k

[STT]

I wouldn't argue to the death over it, not that sure but looking at BTC graph is looking like a dagger.  Ominously familiar though I remain positive further out, the volume also seems to back the idea of a sell off for this month at the least.
  It can also bounce back and hit me in the face as a nice surprise too, there is usually a fight ongoing and you know when to be properly bearish when one side fights and fails in their efforts it is then in defeat that true ground is lost.

Anyway I notice there is a free golden ticket thing where you must claim as many free spins as possible to qualify.  Nice idea, however I get no pop up or ping sound to remind me so I often miss the hourly free thing precisely.  Not good for my prospects, my various anti spam counter measures are so entrenched I dare not attempt a defusal or DMZ for this particular site.
  Instead I have Opera for its picture in picture features etc. also it seems it will allow the notify hourly so I'll use that to up my count for this contest I can but hope.

[dwyane36]

About the FUN token, future seems bleak, even though I am sure many of the forum members have invested in it. I would rather keep coins on the site only to get the base interest and forget about FUN token for the time being.

The future of the FUN token seems bleak if you look at its price in BTC equivalent. Holding FUN tokens on the Freebitcoin site is probably the best option to somehow compensate for the losses that arise because the FUN token is getting lower and lower in the BTC equivalent. However, if you look at the FUN token price in USDT equivalent, everything is more or less neutral at the moment. The FUN/USDT trading pair may grow slightly during the full-fledged alt season.

[Free Market Capitalist]

The future of the FUN token seems bleak if you look at its price in BTC equivalent.

And if you look into the past as well.

Holding FUN tokens on the Freebitcoin site is probably the best option to somehow compensate for the losses that arise because the FUN token is getting lower and lower in the BTC equivalent.

Not the best option. The best option is to get rid of Fun tokens and buy Bitcoin.

However, if you look at the FUN token price in USDT equivalent, everything is more or less neutral at the moment.

Neither. What time frame are you referring to? The token had its second spike when it was adopted by freebitco.in and from then on the trend in USD has been clearly downward.

[trblshtr]

Assuming you have 1 BTC, you will earn 0.000109589 BTC on the day 1 and you will have 1.000109589 BTC at the end of that day. On the day 2, you will earn 0.000109601 BTC and you will have 1.00021919 at the end of that day. On the day 3, you will earn 0.000109613 BTC and so on.
At the end of the day 365, you will have 1 * (1.000109589)³⁶⁵ = 1.0408 BTC.

Thank you for clearing the doubts. I was using the general calculation formula without considering the compounding system.

My initial question was how long I should wait for support from freebitco before I open a separate Scam accusation here?

You don't need to create any accusation. Check the above post of hosseinimr93 to know how the APY is actually calculated. Currently your daily interest rate is 0.01178082 including the boosted amount. If you hold 1 BTC on your account, then you will have 1 × (1.0001178082)³⁶⁵ = 1.0439 BTC after 1 year. The interest amount is 0.0439 BTC, which is 0.0439 × 100 = 4.39% (your APY with the boosted percentage).

Well, while its now clarified that the Annual Rate 4.39 includes the 7.5% on the basic Interest. But please explain why the daily Interest (Daily interest will be calculated at a random time everyday @ 0.01178082% * per day) does not correspond with the 4.39% annually. The daily rate does not fit to the Annual Rate 4.39 given despite the days if I calculate 360, 365, or perhaps 370, 375.

My fbc current daily rate is @ 0.01178082% calculated from 4.39% (https://i.ibb.co/BtYZkSH/annual-interest-rate.png) annually but no calculation explains me why:
0,0121944444=4,39/360
0,0120273973=4,39/365
0,0118648649=4,39/370
0,0117066667=4,39/375
Every result differs from the daily rate given to me currently..
I do calculate regularly by 360 days because the transaction history and premium member days table shows fbc calculates 360 days.
So it is not the expected % daily what my transaction history shows too. There should be more percent than @ 0.01178082% daily and more sats on the earn table from my point of view. IMHO this is less % than I expected from fbc after waiting 30 days and confirmation no increase on the transaction history.
This results in daily loss for me
If this is an error it has to be fixed asap from the freebitco team and I ask myself how long to wait for support response before I open a scam acc or withdraw my ledger.
Guess how many users could be affected by an error like this?

[trblshtr]

Btw: Funny double draw 4711 on 16/04 from freeroll #11715 and following #11716:
https://i.ibb.co/41yCXjQ/4711-small.png
I was a little bit confused by rolling 4711 in row.
How possible is this? I calculated 0%   but no Jackpot since 11716+ rolls on the 10000 with a calculated chance by 0.02%  

[FinneysTrueVision]

My fbc current daily rate is @ 0.01178082% calculated from 4.39% (https://i.ibb.co/BtYZkSH/annual-interest-rate.png) annually but no calculation explains me why:
0,0121944444=4,39/360
0,0120273973=4,39/365
0,0118648649=4,39/370
0,0117066667=4,39/375

You are not taking compounding into account. If there was no compounding and you only earn interest on your principal investment, then the annual interest rate would be 0.01178082%*365, which is 4.2999993%

You are actually earning interest on your principal amount + accrued interest. As you accumulate more interest, your earnings will be higher over time instead of just being a flat daily amount of satoshis.

[hosemary]

My fbc current daily rate is @ 0.01178082% calculated from 4.39% (https://i.ibb.co/BtYZkSH/annual-interest-rate.png) annually but no calculation explains me why:
0,0121944444=4,39/360
0,0120273973=4,39/365
0,0118648649=4,39/370
0,0117066667=4,39/375
Every result differs from the daily rate given to me currently..

Read my previous post please. It explains how the daily interest rate is calculated. Do you quote posts without reading them?

1 + yearly interest rate = (1+ daily interest rate)³⁶⁵

1 + 0.0439 = (1+ 0.0001178082)³⁶⁵

[Mahdirakib]

The daily rate does not fit to the Annual Rate 4.39 given despite the days if I calculate 360, 365, or perhaps 370, 375.

First of all, it says 'annual interest rate'. Annual mean 1 year, which is 365 days.

I do calculate regularly by 360 days because the transaction history and premium member days table shows fbc calculates 360 days.

If you lock 1000 FUN tokens with 25% APY, then you will get 246 FUN tokens as profit after the 360 days period. You aren't getting 250 FUN tokens, which should be the profit for 25% APY rate after 1 year. I hope you got the main point now.

If this is an error it has to be fixed asap from the freebitco team.
Guess how many users could be affected by an error like this?

There is no error. You are getting compound interest on your account balance, not the simple interest. You are doing a wrong calculation there with the simple interest system. So, the key fact is compound interest system, read the bold part again and calculate the interest rate as it should be. Try this 'compound interest calculator' if you still have doubts about Freebitco daily interest rate.

[trblshtr]

Sorry - I don't see any plausible explanation to my questions in the last three posts.. What shall I do with an external compound calculator when the fact seems that the daily interest does not fit to the annual rate percents? Any compound depends on the daily rate internally and the daily rate is wrong.

[shield132]

As it seems to me, there is a possibility that the BTC price will consolidate in a relatively small range shortly. I guess most users apparently think the same way, as there are quite a lot of bets that have already been placed in the $65k to $70k range. By the way, if the Bears can't break the support around $61k, there could probably be another ATH as early as May.

In my opinion I see the price falling a lot in the next month before increasing a lot again, this is because people's optimism is centered on the bitcoin halving, which is why they are buying thinking that the price will rise quickly, but days after the bitcoin halving they will realize that the price is not rising much and they will panic and start selling. less than 3 days left until bitcoin halving

I think that people aren't optimistic about FUN. In 2020, after Bitcoin halved, in fall, the price of the FUN token went significantly up after Freebitco's announcement that it was going to buy a massive amount of FUN. Today I think that people lost interest in FUN token and like you said, there is a halving soon and every expects that Bitcoin will rise. So, if we sum up the scepticism about FUN token and the positive thoughts about Bitcoin's bull run, then FUN is not a good choice of investment right now and I am afraid it will not be in the future. I would only buy FUN to get some benefits on Freebitco.in and now is not a bad time for that.

[FinneysTrueVision]

Sorry - I don't see any plausible explanation to my questions in the last three posts.. What shall I do with an external compound calculator when the fact seems that the daily interest does not fit to the annual rate percents? Any compound depends on the daily rate internally and the daily rate is wrong.

If you are incapable of understanding concepts such as compounding and APY, it may be worth reconsidering your financial investments.

People often get confused in the discrepancy between the annual rate and the expected daily rate, but once it’s explained how compounding affects the effective amount you will receive after a full year, it is much easier to comprehend.