Free Market Capitalist
Legendary

Activity: 2254
Merit: 3692
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December 19, 2024, 04:57:03 AM |
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This is the risk of investment. You are getting fixed benefits in exchange for the price decrease on the token since the reward came from the token profit itself.
You are still luvky that you consistently received benefits for 2 to 3 years compared to other shitcoin holder that literally gets zero rewards and at the same time shitcoin price got dump.
It will be helpful if you can provide your total rewards claim versus your lose due to the token price decrease.
It reminds me of those who invest in a stock because it has a very high dividend. And they get a 10% annual dividend but a 30% annual share price reduction shortly before the stock goes bust. But no one is without sin, I myself bought FBI tokens when they came out, although I don't think I lasted three months and sold them. Seen with hindsight I did well.
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FinneysTrueVision
Legendary

Activity: 2534
Merit: 1398
AntiSwap.io - NO AML/KYC EXCHANGER MONITORING
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December 19, 2024, 05:41:28 AM |
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Hi! Does anyone have withdrawn FUN tokens from freebitco.in successfully recently? I requested and confirmed withdrawal 3 days ago and still got nothing...
It is unclear why, but they stopped processing FUN withdrawals on December 10. Their wallet continues to be refilled with 5,000,000 FUN on a regular basis. This makes me believe there is something wrong with some automated system where they believe withdrawals are going through and then refilling the wallet when they think it is empty.
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jcojci
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December 19, 2024, 10:22:45 AM |
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I used freebitcoin about 1 year ago, and as far as I remember premium members still get WOF spins per day, it turns out today there are no more WOF spins/day
Yeah, they don't explaining why this is happens. But hopefully, that is just a maintenance check or some routine updates they did to make sure their site still running well. If I am not mistaken, the last time they sent an email contain WOF spin/day is December 12. After that they don't send any email. We hopes that everything will be back normal so we can get an email WOF spin/day and there is no delaying on withdrawal.
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Lethany2516
Newbie

Activity: 3
Merit: 0
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December 19, 2024, 11:51:56 AM |
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Since 6 Months i dont get my Free WOF Spins again even i always received them since over 2 year Premium , already contact Support 3 times but never received a answer,.so why the Premium stopped to give WOF Spins ?
My Adress 1CKVkN7JfH4dVXZ3EWRC74Dqa26yZtmMWz
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slaman29
Legendary

Activity: 3528
Merit: 1571
Viva La Masia
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December 19, 2024, 01:23:21 PM |
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Freebitco.in is now selling fraudulent products/services. The Premium membership, which requires people to buy and hold FUN tokens, is no longer giving out all the promised benefits.
If a product is free, you are the product - there are better versions of this and the oldest that I know is around there in TV since 40 years before the freebitco's faucet. If you didn't undertand, try better sources. In which concerns to WoFs from premium accounts, it is different. If others didn't understand, try harder.[/b] This is in concern to WoF for premium as it is not free to buy premium. I think I was quite clear in this. They are selling Premium, it costs you money to buy it (as you need to buy FUN). Not sure what there is to understand about this. We can try to get philosophical but I'm just interested in helping people avoid this pit. Many pits to avoid, we can't save everyone. But I feel a bit personal, for personal reasons.
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uneng
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December 19, 2024, 01:59:23 PM |
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I used freebitcoin about 1 year ago, and as far as I remember premium members still get WOF spins per day, it turns out today there are no more WOF spins/day
Yeah, they don't explaining why this is happens. But hopefully, that is just a maintenance check or some routine updates they did to make sure their site still running well. A maintenance check which is lasting for several months already, without fixing anything at all... Issues just keep stacking. At least, people had more than enough time to cashout their funds from the platform since support disappeared. We have been used to see scam exists happening suddenly in this industry, although in this case freebitco.in is going for a slow scam exit. Realistically speaking, there is no recovery from this point...
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babygun
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December 19, 2024, 02:12:34 PM |
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Hi! Does anyone have withdrawn FUN tokens from freebitco.in successfully recently? I requested and confirmed withdrawal 3 days ago and still got nothing...
It is unclear why, but they stopped processing FUN withdrawals on December 10. Their wallet continues to be refilled with 5,000,000 FUN on a regular basis. This makes me believe there is something wrong with some automated system where they believe withdrawals are going through and then refilling the wallet when they think it is empty. What would be the main reason of trying to withdraw the FUN tokens? If you have some left, I would just cash them out even the price you get per FUN tokens is a couple of satoshis. A maintenance check which is lasting for several months already, without fixing anything at all... Issues just keep stacking. At least, people had more than enough time to cashout their funds from the platform since support disappeared. We have been used to see scam exists happening suddenly in this industry, although in this case freebitco.in is going for a slow scam exit. Realistically speaking, there is no recovery from this point...
Never say never, if a new management would jump in and can clear all the air and they can prove themself once again, then I would use freebitco.in again
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pawanjain
Legendary

Activity: 3556
Merit: 1021
Nothing lasts forever
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December 19, 2024, 02:27:07 PM |
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Just from the free WOF spins, you would not win a lot though. The daily WOF spins you got for the premium membership were more interesting and rewarding (I think I gathered around 150,000 RP from that). Leaving a negative trust is maybe too harse as they are still paying but maybe a neutral tag that can change later to negative if the issues keep persisting and if problems with payments would occur might be the best?
Things were good as long as they cared about their users. Even I had received around 70k RP from WoF spins back then. But since the issues started popping up, it seems they are not even bothered about the users and hence the negative trust. They should at least come upfront to speak about the issues let alone address them and fix them.
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Slow death
Legendary

Activity: 3892
Merit: 1202
Leading Crypto Sports Betting & Casino Platform
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December 19, 2024, 04:51:52 PM |
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Never say never, if a new management would jump in and can clear all the air and they can prove themself once again, then I would use freebitco.in again
In my opinion, with this same business model, I highly doubt that even if someone bought the site, things would improve. A few years ago, the price of Bitcoin was very low, so it made perfect sense to have a faucet, but nowadays it no longer makes sense. Also, this casino token thing, in my opinion, is a bad move, because the value of the token hardly increases much each year. From what I have seen, the value of these casino tokens remains stagnant. The site needs to make a lot of changes to be able to compete with other good casinos.
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hosemary
Legendary

Activity: 3276
Merit: 7393
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December 19, 2024, 08:30:49 PM |
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What would be the main reason of trying to withdraw the FUN tokens? If you have some left, I would just cash them out even the price you get per FUN tokens is a couple of satoshis.
Some people withdraw their FUN tokens probably because they can sell the tokens at higher price outside freebitco. Currently, you can exchange each FUN token for 0.0043 USDT at binance while the sell price on freebitco is 4 sat which is worth around $0.0038.
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babygun
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December 19, 2024, 09:42:18 PM |
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What would be the main reason of trying to withdraw the FUN tokens? If you have some left, I would just cash them out even the price you get per FUN tokens is a couple of satoshis.
Some people withdraw their FUN tokens probably because they can sell the tokens at higher price outside freebitco. Currently, you can exchange each FUN token for 0.0043 USDT at binance while the sell price on freebitco is 4 sat which is worth around $0.0038. If you have a lot of FUN tokens that might make sense but I don't use Binance anymore and the withdrawal fee is also quite large. Never say never, if a new management would jump in and can clear all the air and they can prove themself once again, then I would use freebitco.in again
In my opinion, with this same business model, I highly doubt that even if someone bought the site, things would improve. A few years ago, the price of Bitcoin was very low, so it made perfect sense to have a faucet, but nowadays it no longer makes sense. Also, this casino token thing, in my opinion, is a bad move, because the value of the token hardly increases much each year. From what I have seen, the value of these casino tokens remains stagnant. The site needs to make a lot of changes to be able to compete with other good casinos. But it is still a popular site with a lot of active users and people still wager high amounts so that can attract new investors. A faucet nowadays doesn't make sense anymore but if you were active in the very beginning, you could have made good money just by doing the free rolls.
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Saint-loup
Legendary

Activity: 3262
Merit: 2523
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December 19, 2024, 09:46:00 PM |
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But then on the other hand, I honestly will not count this one as an issue since the daily free wof spin is not an obligation to their users, they do this out of their own freewill, and this means that they can decide to stop at any time, the only thing I see as issue is their lack of communication.
I disagree. They entice you to buy FUN in exchange for 10 free spins daily. And you buy FUN, but they don't deliver on the promise. I call that dishonest. Straight out scam. Buying FUN tokens in exchange for free spins or from your own money is a worthless investment and should be avoided. The fun token is a dead token and the reason for this is that their site freebitco has a lot of problems and gamblers are getting away from this scam. The problems and issues at freebitco are too much extended now that I have seen people calling freebitco a scam. That's a shame for the owners of freebitco. They could have ended the project by announcing a respectful end but this type of non-caring attitude is not acceptable at all. What do you mean by ending the project? You want them to stop them giving free BTC and FUN tokens through their faucet and their staking feature on top of what they've already halted? Don't you think it would be worse? In addition people playing there have rather important bonus at the faucet and still benefit from the cashback offered by the premium membership they will lose even more money.
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hypersonic1
Full Member
 

Activity: 381
Merit: 111
Endless Horizons!
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December 20, 2024, 12:23:03 AM Last edit: December 20, 2024, 10:30:46 PM by hypersonic1 |
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I have news.
I'll say this once. Read between the lines. I'm going to be vague.
If you are a Bitcoin investor using Freebitco, attempting to pay your taxes and make a profit. Continue or don't as you see fit and double check the domain renewal for when the site might go down. Do your due diligence.
Anyone else, God help you.
The first phase of the project as we knew it is done.
I'll continue participating in this part of the forum giving the status of features I use. But I believe some of my hunches are correct and for me the mystery is over.
I can clarify a little more over PM but I won't repeat this.
P.S. I sold some staked FUN and Processed a withdrawal no problem just now.
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Helping inform my local community about BTC since 2017.
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Fivestar4everMVP
Legendary

Activity: 3136
Merit: 1192
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December 20, 2024, 07:21:35 AM |
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Never say never, if a new management would jump in and can clear all the air and they can prove themself once again, then I would use freebitco.in again
In my opinion, with this same business model, I highly doubt that even if someone bought the site, things would improve. A few years ago, the price of Bitcoin was very low, so it made perfect sense to have a faucet, but nowadays it no longer makes sense. Also, this casino token thing, in my opinion, is a bad move, because the value of the token hardly increases much each year. From what I have seen, the value of these casino tokens remains stagnant. The site needs to make a lot of changes to be able to compete with other good casinos. You are right about bitcoin Faucet, indeed, with the current price of bitcoin, it no longer makes sense to run a Faucet, but the other one about casino Token, well, I may not completely agree with you there. That the casino token is stagnant and not moving from year to year (but rather losing value) is absolutely the fault of the management of the project, a management with better experience, zeal and determination, can take over the freebitco platform and change all of this within a short period of time. So, that the casino token is not moving up is not something that is in the code of the token, its stagnant due to the teams lack of interest in building the token. Someone can buy the platform, and scrap the bitcoin Faucet, build on; and use the fun token for marketing, and turn freebitco into a mega casino it never was before, it's possible.
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God Of Thunder
aka Learn Bitcoin
Legendary

Activity: 1400
Merit: 1583
Need a Campaign manager? TG: t.me/GodofThunderpro
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December 20, 2024, 11:53:07 AM |
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If you found this helpful once again consider giving merit.
I can clarify a little more over PM but I won't repeat this.
P.S. I sold some staked FUN and Processed a withdrawal no problem just now.
I don't know what to take from your post. I can see you have three negative feedbacks already. I thought I would leave you another one because you asked for merit and promoting Freebitco.in in your signature, knowing they have some problem with their website. Moreover, it seems you are still promoting them by saying you had your withdrawal completed without any problem but did not bothe tor submit a screenshot. FYI, Asking for merit is frowned upon. You will be tagged as a merit bigger. I don't think you will get any benefit by getting merits anymore since you already received three negative feedback. Moreover, please remove your shitty signature!
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Fivestar4everMVP
Legendary

Activity: 3136
Merit: 1192
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December 20, 2024, 02:02:58 PM |
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If you found this helpful once again consider giving merit.
I can clarify a little more over PM but I won't repeat this.
P.S. I sold some staked FUN and Processed a withdrawal no problem just now.
I don't know what to take from your post. I can see you have three negative feedbacks already. I thought I would leave you another one because you asked for merit and promoting Freebitco.in in your signature, knowing they have some problem with their website. Moreover, it seems you are still promoting them by saying you had your withdrawal completed without any problem but did not bothe tor submit a screenshot. FYI, Asking for merit is frowned upon. You will be tagged as a merit bigger. I don't think you will get any benefit by getting merits anymore since you already received three negative feedback. Moreover, please remove your shitty signature! An account like that can beg for merit, and even break other forum rules, the worst thing that can happen to the account is that, it possibly will get banned if many other users report it, but when it comes to negative trusts, it's no problem to whom ever is behind that account, you giving the Negative trust will only be wasting your time, or maybe not if you have alot of it 😁 And this type of account can beg, no problem, but no user in their right senses will merit such comment, anyone who does this get him or herself in trouble as well, as other users may suspect the merit giver to have something (some connection) with the merit begger, which can lead to other users deciding to dig into the history of that merit giver account for potential misuse of the forum in the past.
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uneng
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December 20, 2024, 02:17:34 PM |
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But it is still a popular site with a lot of active users and people still wager high amounts so that can attract new investors. A faucet nowadays doesn't make sense anymore but if you were active in the very beginning, you could have made good money just by doing the free rolls.
The only way they could have been making decent profit is through offering events betting and dice game. The faucet and premium program have become burdens for them, because FUN hasn't been helping very much as the price doesn't grow on the same proportion other cryptocurrencies do. I don't know how much gamblers' traffic the site is having right now, but the tendency is that it decreases in popularity, as users can't trust it anymore like they used to do before. Moreover, there is a lot of competition in gambling industry nowadays with so many online casinos available. Naturally, it's likely the oldest platforms get out of fashion, being replaced by the newest ones. Freebitco.in is a nostalgic platform, but if it wished to continue competitive, they should have come with a new rebranded concept.
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dimonstration
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December 20, 2024, 02:22:24 PM |
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I don't know how much gamblers' traffic the site is having right now, but the tendency is that it decreases in popularity, as users can't trust it anymore like they used to do before. Moreover, there is a lot of competition in gambling industry nowadays with so many online casinos available. Naturally, it's likely the oldest platforms get out of fashion, being replaced by the newest ones.
Freebitco.in is a nostalgic platform, but if it wished to continue competitive, they should have come with a new rebranded concept.
So far, This thread still doesn’t swarm by bunch of users with Freebitco.in account. Only few newbie user and some high rank user here which is not enough to account the total player if this old site therefore their reputation is still not that tainted since the casino is still operational aside from the failed distribution of the premium. Their brand alone can rival to the current new casino since they are established as OG website for Bitcoin user. I think an OG crypto user can easily trust this casino without doing some research first here in the forum. I’m confused on why the team becomes shitty while they already huge amount of bankroll to develop a better casino.
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zocom7
Newbie

Activity: 3
Merit: 0
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December 20, 2024, 05:52:33 PM |
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I have major concerns concerning the future of the site. If withdrawing FUN and/or BTC isn't working properly, that means the end could be near. If a shut down and rug pull of the oldest crypto faucet site ought to occur, the chances of a huge major lawsuit would loom. There are still many people active in the faucet site, mostly gambling.
I have been using Freebitco.in for several years now and haven't got any problems since (except for the extra FUN bug two years ago that led me to gain some BTC on the sell). But the recent issues that led to the only problems I would be too afraid now is to sell FUN back to BTC which isn't worth much, and then withdrawing all my remaining BTC to a wallet.
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1satvbyte
Jr. Member

Activity: 31
Merit: 4
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December 20, 2024, 07:46:34 PM |
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I know they haven’t sent any emails from Freebitco in a minute. But I did receive an email from Dplay the other day and I know that is their actual casino they work with or run?. They primarily run on FUN tokens. I made an account but never messed with it. Could they have shifted focus on that casino more than the Freebitco side? Also in another thread there has been info about some legal stuff https://www.casinolistings.com/news/2024/12/ksa-issues-warning-fbc-bvAnd I saw one from Australia as well. Although it was more of a warning. Are these are actually things they can force upon them even outside their jurisdictions?
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