virasog
Legendary
Offline
Activity: 3556
Merit: 1193
Leading Crypto Sports Betting & Casino Platform
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November 01, 2024, 05:42:26 PM |
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Wait. Are you saying that they sold BTC to buy ETH and/or FUN tokens? Or that it was withdrawn, since the difference between the $114M and $10M is very large. It could also be that they have a lot of bitcoin at addresses we don't know about, as bitcoin withdrawals, with all the delays and problems there are, are being processed, meaning that from somewhere they are being paid. The bad thing about this is how mysterious it all is, and that no one will show their face or give an official statement. I think they are holding the ship as long as they can until it can't hold on any longer and sinks.
That is probably the strategy they are playing currently but I wonder what good will it be to them ? Won't it just cause a bad name to their reputation instead ? If at all they considered quitting then they should have simply made an announcement instead. I too think that there is no strategy being played by them or even if they are trying to play any strategy they are just losing their business and the trust of the gamblers. First thing for every casino is operate normally and have all the functions running properly and have the withdraws and deposit smoothly. Any strategy where this normal operation is hurted , it is just the fail of the strategy in this business. I do not know whether they want to quit or not because quitting with dignity was a very easy way but to keep on letting it run like this won't help them.
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Fivestar4everMVP
Legendary
Offline
Activity: 2842
Merit: 1142
Leading Crypto Sports Betting & Casino Platform
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November 01, 2024, 07:34:25 PM |
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Wait. Are you saying that they sold BTC to buy ETH and/or FUN tokens? Or that it was withdrawn, since the difference between the $114M and $10M is very large. It could also be that they have a lot of bitcoin at addresses we don't know about, as bitcoin withdrawals, with all the delays and problems there are, are being processed, meaning that from somewhere they are being paid. The bad thing about this is how mysterious it all is, and that no one will show their face or give an official statement. I think they are holding the ship as long as they can until it can't hold on any longer and sinks.
That is probably the strategy they are playing currently but I wonder what good will it be to them ? Won't it just cause a bad name to their reputation instead ? If at all they considered quitting then they should have simply made an announcement instead. I too think that there is no strategy being played by them or even if they are trying to play any strategy they are just losing their business and the trust of the gamblers. First thing for every casino is operate normally and have all the functions running properly and have the withdraws and deposit smoothly. Any strategy where this normal operation is hurted , it is just the fail of the strategy in this business. I do not know whether they want to quit or not because quitting with dignity was a very easy way but to keep on letting it run like this won't help them. I like the last part of your comment, that is very correct and I completely agree, I believe no body is stopping freebitco from quiting the business if they are already tired, I mean, they have served the bitcoin and cryptocurrency community, as well as the gambling community very well since they moved from being just a bitcoin Faucet to becoming a gambling casino as well, they have done well and have helped on board alot of people into crypto the early days of the site, and maybe they still do even to this very day. The platform gained not just the trust of the community, but they also gained respect and good reputation. If at all the management feel they can no longer run the platform, there is nothing wrong with quitting honorably, several platforms, exchanges have quited this way, and the management maintained their trust and reputation, freebitco can do same instead of allowing users face alot of issue and complain everyday with no solution in sight, not even a customer rep to attend to customers issues on the site.
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ovcijisir
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November 01, 2024, 09:23:33 PM |
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They are still promoting FUN tokens on the website and saying that it will give free WOF spins. I do not understand shy don't they update webpage if WOF is not working anymore. Right now it is very misleading to promote something that they do not provide.
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STT
Legendary
Offline
Activity: 4494
Merit: 1497
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November 01, 2024, 11:11:37 PM Last edit: November 01, 2024, 11:50:09 PM by STT |
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Im still expecting a return to form or fix of the missing spins but perhaps Im too naive about these things but also it doesn't especially add up even if you believe any negative slant to it all. I have mentioned before a big bank did something very similar to me, advertising something for weeks and months while refusing to honor that advert if you ever approached them about the promised service it was void but trade and advertising were two different departments, I did think it was ridiculous they saw nothing wrong with that. Bitcoin on the other hand is acting very positively. Above 69k it should develop well, Im still watching for a classic break and reversal then repeat. If we went fully negative in context to prior range, losing all positive recent action which Im no longer expecting but remains as possible; at 50k we can see if the above poster is right about spins being more viable at that price. Always a silver lining 
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uneng
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November 02, 2024, 05:21:39 PM |
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From all indications it is a gradual scamming mad they don't want to do at once so it is a gradual process. So we still advise nobody, nobody should deposit money into FBC again and if you have finally successfully withdraw your funds from the site abandon the account for them until they come here again to make an official announcement and clear their name to be good then people can visit the site again and participate. Aside that nobody should involved in that site. It is a scam.
It does look a gradual scam. They don't want users to take advantage of premium benefits, so they create this environment of uncertainity where nobody knows what is going to happen next. It encourages users to cashout all their funds from the platform, so they don't have to pay extra interest over users' balances, besides the fact WoF spins aren't being delivered anymore since long months ago. This way they decrease their expenses and keep the site running for longer. Since it's still working, I suppose it's being profitable for them yet, otherwise the site would have been already closed.
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babygun
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November 02, 2024, 08:01:47 PM |
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Sorry guys, I have been out for a bit and just found back some more time to be active. Could someone please explain what is going on? I still have some balance left and a big amount of FUN tokens.
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ovcijisir
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November 02, 2024, 08:42:03 PM |
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Sorry guys, I have been out for a bit and just found back some more time to be active. Could someone please explain what is going on? I still have some balance left and a big amount of FUN tokens.
Here is short summary: Two months ago freebitco.in stopped giving WOF spins for holding FUN tokens, as a premium benefit for users with FUN tokens. Go to your WOF page and see how many spins you have: https://freebitco.in/static/html/wof/wof-premium.htmlIf you did not log in for few months probably you have some spins left. They did turn on this feature for a week, but they turned it off after that. The best explanation so far is that they turn on premium spins when FUN price goes over 7 Sats/FUN, and turn it off when price goes below.
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babygun
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November 02, 2024, 10:59:39 PM |
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Sorry guys, I have been out for a bit and just found back some more time to be active. Could someone please explain what is going on? I still have some balance left and a big amount of FUN tokens.
Here is short summary: Two months ago freebitco.in stopped giving WOF spins for holding FUN tokens, as a premium benefit for users with FUN tokens. Go to your WOF page and see how many spins you have: https://freebitco.in/static/html/wof/wof-premium.htmlIf you did not log in for few months probably you have some spins left. They did turn on this feature for a week, but they turned it off after that. The best explanation so far is that they turn on premium spins when FUN price goes over 7 Sats/FUN, and turn it off when price goes below. Thanks, weird that they suddenly changed it, also without making any announcements. I have some btc on there for the interest but might not be a bad idea to withdraw it all.
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UserU
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November 03, 2024, 06:43:40 AM |
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Thanks, weird that they suddenly changed it, also without making any announcements. I have some btc on there for the interest but might not be a bad idea to withdraw it all.
They went downhill ever since there was some change in management. Quin went MIA, some replacement (CSFBC) intro-ed himself and peaced out days after promosing to resolve the ongoing issues, leaving us in the lurch.
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nutildah
Legendary
Offline
Activity: 3570
Merit: 10316
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November 03, 2024, 06:48:56 AM |
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Thanks, weird that they suddenly changed it, also without making any announcements. I have some btc on there for the interest but might not be a bad idea to withdraw it all.
You should try withdrawing it and let us know if its possible... From everything I've read I don't think they have a whole lot of time left, could be up to a year, but beyond that I have doubts. Not everything lasts forever. They certainly have been around for a long time. I think a fair amount of people actually got into BTC over the years because of their faucet.
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shield132
Legendary
Online
Activity: 2800
Merit: 1032
Metawin.com - Truly the best casino ever
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November 03, 2024, 01:24:28 PM |
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Does anyone remember how long Freebitco.in has been offering 4% APY on Bitcoin deposits? If I remember correctly, it has been offering this since 2017 and then offered 1% higher APY for FUN token users. I was trusting this website so much that I was thinking, how amazing it would be if I have bought 10-20 Bitcoin in 2016 and deposited them on Freebitco to get 4% APY on my coins. This website didn't have problem for so many years, wasn't asking for KYC and it was really looking like 4% APY on flexible Bitcoin deposit on freebitco was the best investment choice but now I understand that even Freebitco wasn't a safe option. I couldn't imagine them turning into scammers.
Those who have invested in Freebitco to get 4% APY, did you guys get your money back? Are there any victims of Freebitco deposit bonus?
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AbuBhakar
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November 03, 2024, 01:32:06 PM |
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Those who have invested in Freebitco to get 4% APY, did you guys get your money back? Are there any victims of Freebitco deposit bonus?
I’m one of those who deposit Bitcoin with their investment plan since I get most of my early Bitcoin from their faucet way before I discover the forum. It’s been a long time but I never hodl my Bitcoin even a full year on this casino. I think it’s same with other Bitcoin investors since the price significantly so there’s no way they will fully trust huge amount of Bitcoin on centralized casino like Freebitco.in because back then no one will ever predict that this casino will go long term. Most probably those holders save their Bitcoin non custodial wallets.
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hypersonic1
Full Member
 
Offline
Activity: 381
Merit: 111
Endless Horizons!
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November 03, 2024, 07:39:58 PM |
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So far they are processing withdrawals if anyone was asking. If there is a time they don't, this forum will light up like a Christmas tree. The advice is still to sit and watch from the sidelines.
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Helping inform my local community about BTC since 2017.
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pawanjain
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November 04, 2024, 03:45:15 PM |
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Thanks, weird that they suddenly changed it, also without making any announcements. I have some btc on there for the interest but might not be a bad idea to withdraw it all.
You should try withdrawing it and let us know if its possible... From everything I've read I don't think they have a whole lot of time left, could be up to a year, but beyond that I have doubts. Not everything lasts forever. They certainly have been around for a long time. I think a fair amount of people actually got into BTC over the years because of their faucet. I have my personal text set to "Nothing lasts forever" because everything has an end and I guess this is indeed the end of freebitco.in Everything has an end and although freebitco.in was running smoothly for all these years, it started showing us a bad end in past few months. Let's just accept it this way that freeitco.in was a gateway to bitcoin for most of us but is now just a good memory to us.
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iv4n
Legendary
Offline
Activity: 3724
Merit: 1255
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November 04, 2024, 07:55:10 PM |
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So far they are processing withdrawals if anyone was asking. If there is a time they don't, this forum will light up like a Christmas tree. The advice is still to sit and watch from the sidelines.
I don't think that Freebitcoin cares about all that, they are doing things their way... I guess it's easy to sit and watch from the sidelines if you don't have any funds & FUN tokens locked for a long time. It will be interesting, that's for sure. By the way, the FUN token price on the site is 5 sats. The end of this decline is zero, apparently... as some members of the forum pointed out it will happen eventually. I have FUN tokens, so don't get me wrong, but does anyone really think that a miracle can happen and the price of FUN tokens will go up?
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ESG
Full Member
 
Offline
Activity: 449
Merit: 142
store secretK on Secret place is almost impossible
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November 04, 2024, 08:01:50 PM |
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... ...x.... I couldn't imagine them turning into scammers.
Those who have invested in Freebitco to get 4% APY, did you guys get your money back? Are there any victims of Freebitco deposit bonus?
my son and my mother have btc on this site more than 4 years, and them buyed FALL token on begin, and lose big amount in btc cause of this buy, but, them are holding up to now, and interest are credited every day, with hold FALL token interest add.....about interest, it still working, with premium interest too, and when them need charge out, all is fine with withdrawn..., only thing thar are wrong is W O F daily for premium members, and nothing of comunication of satff about some issues that are happening in the last months s ...almiost an year......., ... btc is falling like @STT spoke. i like your predictions... >>> >>> .....x.... Bitcoin on the other hand is acting very positively. Above 69k it should develop well, Im still watching for a classic break and reversal then repeat. .... ...... If we went fully negative in context to prior range, losing all positive recent action which Im no longer expecting but remains as possible; at 50k we can see if the above poster is right about spins being more viable at that price. Always a silver lining 
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-Who has never died, is dying... Those who have already died, do not die anymore!-
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Synchronice
Legendary
Offline
Activity: 1442
Merit: 1122
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November 04, 2024, 10:12:49 PM |
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Because people are still able to withdraw their BTC. Pretty pathetic exit scam if there is no money to scam.
Don't assume something that is not happening and you know it's not happening, freebitco (regardless of the current situation and issues) still is one of the trusted casinos even though I wouldnt take any chances on them at the moment, they clearly have no intention of carrying out an exit scam, if they really wanted to, they would have pulled it off since before now, or at the very beginning of this whole issue when most players still had their funds sitting on the site. Freebitco has been the best long running bitcoin Faucet, and they also the record for the most trusted Faucet, they were very reliable and users were sure of getting what ever amount of bitcoin they managed to gather regardless of how small, I believe they wouldnt want all of that achievements and reputation go to waste by now carrying out an exit scam.. This is not definitely an exit scam because if it was, then withdrawals would be delayed a long ago. I had some withdrawals here but when they stopped signature campaign and month went without a response, I decided to withdraw my money and did it successfully, withdrawal was instant but had a confirmation email problem with FUN but that got fixed too. I don't know what's going on with them and sadly there is no one to tell, which is extremely strange given the fact that issues have been ongoing for a very long time. Freebitco was a stable good crypto casino, one of the few legit places where I could gamble from my country and with VPN too. Sadly, one day issues started and didn't stop.
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Bushido1
Newbie
Offline
Activity: 20
Merit: 0
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November 04, 2024, 10:21:19 PM |
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Why am I getting a congratulation emails about $0 referral commission?
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STT
Legendary
Offline
Activity: 4494
Merit: 1497
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November 04, 2024, 11:21:52 PM |
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For the same reason I was told I have 30k of golden tickets, it has a given inaccuracy. Did it give a free spin in the email at least. does anyone really think that a miracle can happen and the price of FUN tokens will go up? I do have a positive take on the price just because of yield it has remaining so Im disagreeing with the zero scenario etc. But also Im going to contradict myself slightly by saying I also see BTC has a good sequence upwards since the August 5th low. BTC rising puts the pressure on everything in that denomination to fall in price, even just being flat value will be a lower Satoshi value if Bitcoin breaks out upwards. Long term I reckon BTC does go (far) past 100k but also you could circumnavigate the world and come back and still be waiting for that but just seems possible; in the past that was a silly hyperbolic price. I hope it would do something end of Oct but it fell back, that was a 5x outcome on the bets but I hoped for more volatility. If we're standing on a train track we have to expect a train, the tracks for BTC most of this year is 69k one side and 58k the other and its been travelling up and down that line the whole time. So once again we probably take a similar journey, though I find the lowest prices for months now in a good ascending sequence. We might get an answer this week with a new leader elected is a big variation possibility, I think politics is nonsense but what matters is what the market thinks and BTC is inverse to Dollar often so can we jump the rails 
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babygun
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November 05, 2024, 12:02:34 AM |
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Thanks, weird that they suddenly changed it, also without making any announcements. I have some btc on there for the interest but might not be a bad idea to withdraw it all.
They went downhill ever since there was some change in management. Quin went MIA, some replacement (CSFBC) intro-ed himself and peaced out days after promosing to resolve the ongoing issues, leaving us in the lurch. Thanks, too bad they are going down this road as once it was one of the most trusted sites. Will try to withdraw in the next couple of days and will keep you guys posted.
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