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[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.

[1714495856]

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[1714495856]

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[1714495856]

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[Poker Player]

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.

[hosseinimr93]

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.

[trblshtr]

The daily rate internally is calulated wrong as to be seen in my post. If the 7.5% were granted the daily interest % should be higher than the currently given.
It never increased like promised.
So where is the real support and who is incapable of understanding?
The daily interest on the screenshot shown is currently valid for the period of +30 days until to the increase of 10% after 90 days. While the period this is a fixed rate and this should increase to date and not in between where it is obviously not calculated right site internally..

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[STT]

The future is not bleak, if you need some vision aid perhaps the long sight for this particular token is you will continue to use it with this site.  If you dont have that usage then it might be harder to see but its a big site with alot of users so I presume that future will continue to apply, the token has an ongoing usage within that framework.

If you are speculating against a 10 year trend and have decided to conclude it will no longer apply then your chances of winning that bet are not good.  I wont say you are wrong just the logic appears off and you must have supreme confidence in your reasoning.    This site is long operating and established, Im connecting that to the progress of a token price as it does seem connected and seems a fair conclusion to me.

Trends do end, thats a fair take also but I'll need better reasoning.  Price is not sufficient reasoning all by itself, there is a big supply of FUN token thats all Im reading personally.   There is also a token burn in progress last I read.
  In 2007 people said house prices never go down, they figured the trend would continue and it was incorrect; I dont mind detail if there was some just not  price alone.  I do worry thats how BTC proceeds sometimes, the price went up so its good to buy

[dwyane36]

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.

Of course, there are plenty of other tokens on the market that may be more promising during the altcoin season than the FUN token. I guess that skepticism about the future of this token may disappear in case of burning a huge part of the emission there.
p.s.
Unfortunately, it looks like locking FUN tokens on the freebitcoin site isn't enough to increase the value of this token.

[Poker Player]

The future is not bleak, if you need some vision aid perhaps the long sight for this particular token is you will continue to use it with this site.  If you dont have that usage then it might be harder to see but its a big site with alot of users so I presume that future will continue to apply, the token has an ongoing usage within that framework.

If you are speculating against a 10 year trend and have decided to conclude it will no longer apply then your chances of winning that bet are not good.  

What nonsense are you talking about?

Here the question is that when the Fun token was adopted by the site the hope was that apart from the benefits that it gave you on the site itself, there would be a appreciation in the value of the token. Three years later, the opposite has happened. And if we look at the 7-year trend the only thing we see is a trend to 0, with two spikes, the initial one, as usually happens to this shitty tokens, and the second one when freebitco.in adopted it. From then on downwards.

I don't know about you but I buy when long term assets are trending up, like Bitcoin, not when the clear trend is to 0.

[Strongkored]

Unfortunately, it looks like locking FUN tokens on the freebitcoin site isn't enough to increase the value of this token.

Maybe in the past, when crypto was still very new when there was a staking or locking feature it would make the price go up because the number of coins was limited on the exchange, making people really want to own it because the number was limited so stakers would get a profit when selling their staking results but unfortunately that no longer works like that.
Currently, this can be seen on FUN Token because the locking feature is not working as expected and the price continues to fall very deeply because the trading volume on the exchange is quite low, it would be better for this token to be traded more so that the market becomes more active and the volume increases and this is maybe it will increase the price though because it is too deep, it needs time and other good features to be attractive and make this price improve.

[Betwrong]

~

Not sure I'm getting this..so I'll just give it a shot.

Round 9: total tickets 1,564,201 - results were announced October 13

Round 10: in which you have 3 tickets, total tickets 1,633,865 before it ended, results yet to be announced

Tickets now available for Round 11

That's right! That's exactly what I meant. Thank you! Catch a merit from me for that!

And since we still have this picture on FreeBitco.in site:



saying "PREVIOUS ROUND WINNERS", I think it should be updated because Round 9 is actually the pre-previous round.

I don't know why it's taking so long to update the info. It's interesting for all of us to know who is the winner and how many tickets he had, isn't it?

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[hosseinimr93]

I don't know why it's taking so long to update the info. It's interesting for all of us to know who is the winner and how many tickets he had, isn't it?

11 days have passed and the winner hasn't been determined yet. They haven't even published the tickets list on their twitter.
First, they should publish the tickets list on their twitter and the winner will be determined after 12 bitcoin blocks are mined after the list being published.

[piebeyb]

I don't know why it's taking so long to update the info. It's interesting for all of us to know who is the winner and how many tickets he had, isn't it?

11 days have passed and the winner hasn't been determined yet. They haven't even published the tickets list on their twitter.
First, they should publish the tickets list on their twitter and the winner will be determined after 12 bitcoin blocks are mined after the list being published.

Hopefully there won't be any other problems that we don't know about, I'm sure they won't forget to announce the winner of Lambo round 10 because everyone has probably been waiting for it since a few days ago, those who have no more than 3 golden tickets are also waiting for it because they too have a chance and a small chance of winning, I'm also curious because freebitcoin hasn't announced it yet, could it be that in this round the Lambo winner has fewer gold tickets, lol

But for the weekly lottery ticket winners everything seems to be going normally and everything is normal too, I think something doesn't look normal at this Lambo event, is there anything that should be prepared before announcing the Lambo winner, I don't follow how they pick the winners, I just found out that they announced it on twitter and I'm not very active on twitter right now, I'll probably wait for it also on twitter they see how they display all the list of tickets that will be published on their twitter, hopefully this round 10 is lucky for users who have golden tickets a little more, it might seem like something interesting.