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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 308268 times)
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July 29, 2018, 11:46:03 AM
 #6841

Bitcoin has only seen the point of the Iceberg with adoption, so just imagine what will happen if 50% of the world start to compete to own some bitcoins. There is not even enough bitcoins for every millionaire to own ONE bitcoin.  Wink

this is the key important thing about all this. the adoption of this global currency is less than 1% so far and if you stop reporting the price per 1 whole bitcoin you can see how cheap it is right now. in other words 1 satoshi which is the real unit at code level by design is currently worth $0.00008

and for those who keep reporting the market cap as if it becomes X then it is impossible but if it becomes Y (Y<X) it becomes possible I have to say you are not making any sense.
try searching for how much is US dollar's market cap. try searching it for market cap of JPY, EUR, INR,... you will fail because it has no meaning!
if you want an equivalent, there is about 90 trillion USD in circulation in the world according to a google search which means for bitcoin which is a global currency unlike the centralized USD, with the same market cap its price should be about $5 million which means 1 satoshi would be worth $0.05. do you still think it is impossible?

Ok, I got almost 60 000 Satoshi daily from this faucet for 2 years. Let's say I kept those Satoshi, then those Satoshi would be valued a lot by then. 60 000 Sat x  3000/100 = $30/day x 365 days = $10950 per year x 2 = $21900 {2 years}

This will still be a lot of money, if this happens in the next few years. So, let's agree that $1 might be a bit far fetched, but at $0.05 is very realistic, if all other currencies convert to Bitcoin. <Well some of them>  Grin

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July 29, 2018, 11:49:27 AM
 #6842

Wow, those are high amounts being wagered here!

Will we go over 100BTC for first place?

Over 100 BTC is a huge amount indeed, but not that huge considering the prize one can win. I pretty much understand that newcomer guy because it's possible to lose not more than 0.5 BTC while the first prize is 1.228 BTC with the current rate. Even the second prize, 0.6+ BTC, would be a pretty nice thing to get.

It's a great contest. Good luck to all the contestants!

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July 29, 2018, 12:10:19 PM
 #6843

Coming close to the end of the wagering contest and the action is heating up.
is this wagering contest going to be a permanent monthly event?
also, how about 0.40% multiply btc commission, is it only during this contest?
btw, would there be a different contest that gives chance for low rollers to win something? Wink

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July 29, 2018, 12:11:48 PM
 #6844

Wow, those are high amounts being wagered here!

Will we go over 100BTC for first place?

Over 100 BTC is a huge amount indeed, but not that huge considering the prize one can win. I pretty much understand that newcomer guy because it's possible to lose not more than 0.5 BTC while the first prize is 1.228 BTC with the current rate. Even the second prize, 0.6+ BTC, would be a pretty nice thing to get.

It's a great contest. Good luck to all the contestants!

You guys talking about the Lottery? This 1st prize is still small compared to other previous Lotto prizes that was won in this

Lotto.  Grin Look how high it was a few weeks before this draw ----> http://prntscr.com/kcdq7a  Grin Grin Grin  .. In that draw, the

2cnd prize was equal to this weeks 1st prize.  Cheesy  You want to see crazy... Look at the amount that was wagered for a

$10 000 prize ----> http://prntscr.com/kcdqut    Roll Eyes

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July 29, 2018, 12:15:58 PM
 #6845

is this wagering contest going to be a permanent monthly event?

I'm not sure yet. It was an experiment and wasn't planned to be permanent, but I think it has gone pretty well so we are thinking about it.

also, how about 0.40% multiply btc commission, is it only during this contest?

It wasn't just for the contest so it will be staying.... however nothing is permanent so no promises it will always be 0.4%.

btw, would there be a different contest that gives chance for low rollers to win something? Wink

I can't think how to do a contest that high rollers wouldn't dominate, but I'm up for hearing suggestions.



You guys talking about the Lottery?

They were talking about the wagering contest.

This 1st prize is still small compared to other previous Lotto prizes that was won in this

Lotto.  Grin Look how high it was a few weeks before this draw ----> http://prntscr.com/kcdq7a  Grin Grin Grin  .. In that draw, the

We believe that unfortunately 5 out of 10 of those winners were part of botnets. After we reduced the base reward for non-wagerers they switched tactics and gave up trying to get to minimum withdrawal and started buying lottery tickets instead. That's also why we had to restrict the redemption of reward points for lottery tickets.

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July 29, 2018, 12:38:38 PM
 #6846

Isn't market cap the circulation number times the confirmed price the highest one unit has sold for? So with Bitcoin, if someone a few years ago in a very tight communist country bought a Bitcoin for say $1 million then the market cap would be at $21 trillion.

And $90 trillion is probably not including the national debt they have (and a lot of other countries have).
Which is about $21 trillion itself.

yes it is circulating supply * price. but if someone bought bitcoin for a high price it doesn't mean market price would go there and stay there. there is sell pressure at any point in time which brings the price down to previous values. in other words you can't pump any asset and not see it get dumped. it is only the natural growth that can stay up.
and remember that when you talk about supply it has to be in circulation not tucked away in the dev's wallet as its premine.

ps. the $90 trillion was the total money in the world equivalent in USD not total USD in circulation, I was wrong as someone pointed it out earlier.

Ok, I got almost 60 000 Satoshi daily from this faucet for 2 years. Let's say I kept those Satoshi, then those Satoshi would be valued a lot by then. 60 000 Sat x  3000/100 = $30/day x 365 days = $10950 per year x 2 = $21900 {2 years}

This will still be a lot of money, if this happens in the next few years. So, let's agree that $1 might be a bit far fetched, but at $0.05 is very realistic, if all other currencies convert to Bitcoin. <Well some of them>  Grin

a while back I told someone that I was getting paid $1000 per post and they didn't believe me because they did a quick calculation and thought I was lying (0.001BTC * $500 = $0.5) but in 2018 they started understanding what I was talking about (0.001BTC * $20000 = $20) and in the near future (0.001BTC * $1000000 = $1000). and I have held about 90% of what I have earned.

same with freebitco.in
so far I have earned 0.014BTC in daily profit which in my eyes worth $14000 Grin

while we are on the subject I have my eyes on this round's lottery. fingers crossed for the grand prize of 1.4BTC....

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July 29, 2018, 03:29:35 PM
 #6847

Isn't market cap the circulation number times the confirmed price the highest one unit has sold for? So with Bitcoin, if someone a few years ago in a very tight communist country bought a Bitcoin for say $1 million then the market cap would be at $21 trillion.

And $90 trillion is probably not including the national debt they have (and a lot of other countries have).
Which is about $21 trillion itself.

yes it is circulating supply * price. but if someone bought bitcoin for a high price it doesn't mean market price would go there and stay there. there is sell pressure at any point in time which brings the price down to previous values. in other words you can't pump any asset and not see it get dumped. it is only the natural growth that can stay up.
and remember that when you talk about supply it has to be in circulation not tucked away in the dev's wallet as its premine.

ps. the $90 trillion was the total money in the world equivalent in USD not total USD in circulation, I was wrong as someone pointed it out earlier.

I'm pointing out that the US debt is $21 trillion so $90 trillion in total seems quite low. That means that the US owes around a quarter of the entire worlds' money.


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July 29, 2018, 04:38:16 PM
 #6848

That was the excuse, but it is the same for real users. The real reason was that when BTC crashed from $20,000 to $6000 it because realistically possible to roll your way to 30,000 satoshis again (and of course that minimum does NOT go down as BTC goes up). Now you can't even redeem RPs to increase the minimum unless you invest real money or gamble a ridiculous amount.


You are wrong on this, just because you can't get it fast enough to redeem your reward point, does not mean it is impossible to claim it. And I think the faucet always pay you around 2 RP or may be on weekends it can bit 5 RP and they do not limit on how much you can claim each day, as long as you do not using any third party bot then it is fine. So it is still possible to have all those RP claimed. Just need more time to do it

In average you can claim 12 times a day and this will let you earn up to 24 RP so if you want to get apple Iphone X which is around 16mil points then it is impossible but they still have any others prize which is lower than that. You should calculate it by yourselves and work it out. Currently I already save up to 200k, will try to redeem something worth for sure

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July 29, 2018, 04:58:03 PM
Last edit: July 29, 2018, 05:16:31 PM by TheQuin
 #6849

You are wrong on this,

Irony at its finest.

just because you can't get it fast enough to redeem your reward point, does not mean it is impossible to claim it.

That wasn't what he was saying. Because he squeezes as much out of the faucet as he can he doesn't meet the requirements to be able to redeem reward points for lottery tickets or reward points bonus. If you had bothered to read the reply I have already given him you would know that, but then you wouldn't have a reason to increase your weekly post count.

And I think the faucet always pay you around 2 RP or may be on weekends it can bit 5 RP

Wrong. On a 5x reward point weekend 2*5=10

and they do not limit on how much you can claim each day, as long as you do not using any third party bot then it is fine. So it is still possible to have all those RP claimed. Just need more time to do it

You can't use a bot to claim the faucet but there is no restriction on using dice bots eg. https://bot.seuntjie.com/

In average you can claim 12 times a day and this will let you earn up to 24 RP so if you want to get apple Iphone X which is around 16mil points then it is impossible but they still have any others prize which is lower than that. You should calculate it by yourselves and work it out. Currently I already save up to 200k, will try to redeem something worth for sure

Yes, I can't argue with that. Even a broken clock is right twice a day.



Edit: How about this. The guy that has wagered 94.00074000BTC in the last day to challenge for the wagering competition has just won third place in the lottery with the 18,560,901 free tickets they got.


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July 29, 2018, 05:28:17 PM
Last edit: July 29, 2018, 05:49:23 PM by jackg
 #6850

And I think the faucet always pay you around 2 RP or may be on weekends it can bit 5 RP

Wrong. On a 5x reward point weekend 2*5=10
There are the reward poins bonuses also.
I sometimes pay my 1200 rp on a day where I know I'm not doing very much and claim about 16 times so I get my +400 points for not so much work.

and they do not limit on how much you can claim each day, as long as you do not using any third party bot then it is fine. So it is still possible to have all those RP claimed. Just need more time to do it

You can't use a bot to claim the faucet but there is no restriction on using dice bots eg. https://bot.seuntjie.com/
I get too carried away with bots and end up losing quite a bit. My strategy works so I stick with it until it doesn't and it's too late Smiley.

Edit: How about this. The guy that has wagered 94.00074000BTC in the last day to challenge for the wagering competition has just won third place in the lottery with the 18,560,901 free tickets they got.


He's not got much back though in comparison to the 94BTC.
Just ~0.36BTC

Although he might have kept some of that 94BTC (hopefully).


I think we should have a biggest loser competition at some point and see who wins/loses that one?

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July 29, 2018, 05:38:08 PM
 #6851

I think we should have a biggest loser competition at some point and see who wins/loses that one?

That would be something I could take part in. I had a chat with wetsuit earlier and the 2 fighting it out are both winning. Some guys get all the luck.

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July 29, 2018, 11:04:35 PM
 #6852

I think we should have a biggest loser competition at some point and see who wins/loses that one?

That would be something I could take part in. I had a chat with wetsuit earlier and the 2 fighting it out are both winning. Some guys get all the luck.

Yes that's a great idea and I would also participate in something like this. A losers pool would be great where we all go in a pool and 10 prizes are paid out, even if its a small amount for each prize at least it makes everyone happy. Maybe even have this once a month?



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Rainbot
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July 30, 2018, 12:11:41 AM
 #6853

And I think the faucet always pay you around 2 RP or may be on weekends it can bit 5 RP

Wrong. On a 5x reward point weekend 2*5=10

What do you mean 2*5=10? I always have 2 reward point and weekdays and 5 on weekends so where can you find 10 reward points? Did I miss something here?


You can't use a bot to claim the faucet but there is no restriction on using dice bots eg. https://bot.seuntjie.com/

Yes, I already know that because we have already talked about this already. We are talking about the faucet so I do not mentioned about bot for your hi-lo games



Edit: How about this. The guy that has wagered 94.00074000BTC in the last day to challenge for the wagering competition has just won third place in the lottery with the 18,560,901 free tickets they got.



So what about this things? I believe with that huge wagered and big amount of tickets you will at least hit top 5 for the prize and that is not something to brag about. 18 mil tickets is not a small numbers so I am sure he/she will hit and he/she is pretty lucky to have that $10,000 and 0.3 btc

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July 30, 2018, 05:11:15 AM
 #6854

What do you mean 2*5=10? I always have 2 reward point and weekdays and 5 on weekends so where can you find 10 reward points? Did I miss something here?

2*5=10 means 2 times 5 equals 10.

If you normally get 2 reward points and then we run a 5x weekend that means the normal amount is multiplied by 5.

We run the reward point weekend in order last weekend was 2x then it will be 3x, 4x and 5x.

Please don't pick random posts that I have already answered and give them false information.


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July 30, 2018, 05:54:30 AM
 #6855

And I think the faucet always pay you around 2 RP or may be on weekends it can bit 5 RP

Wrong. On a 5x reward point weekend 2*5=10
There are the reward poins bonuses also.
I sometimes pay my 1200 rp on a day where I know I'm not doing very much and claim about 16 times so I get my +400 points for not so much work.

and they do not limit on how much you can claim each day, as long as you do not using any third party bot then it is fine. So it is still possible to have all those RP claimed. Just need more time to do it

You can't use a bot to claim the faucet but there is no restriction on using dice bots eg. https://bot.seuntjie.com/
I get too carried away with bots and end up losing quite a bit. My strategy works so I stick with it until it doesn't and it's too late Smiley.

Edit: How about this. The guy that has wagered 94.00074000BTC in the last day to challenge for the wagering competition has just won third place in the lottery with the 18,560,901 free tickets they got.


He's not got much back though in comparison to the 94BTC.
Just ~0.36BTC

Although he might have kept some of that 94BTC (hopefully).


I think we should have a biggest loser competition at some point and see who wins/loses that one?

Surely the 94 bitcoins are not the amount that he lost, but rather the amount that was wagered.  Roll Eyes He might have won a large percentage of that and used his winnings to finance his bets. I think the fact that he changed tactics, by dumping coins into Lottery tickets, is an indication that he figured out that he is losing more than what he is gaining.

It would be great if this guy could do a little AMA here, so that we can talk about his strategy and if he/she can tell us if it was worth it.  Roll Eyes

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July 30, 2018, 06:00:43 AM
 #6856

Surely the 94 bitcoins are not the amount that he lost, but rather the amount that was wagered.  Roll Eyes He might have won a large percentage of that and used his winnings to finance his bets. I think the fact that he changed tactics, by dumping coins into Lottery tickets, is an indication that he figured out that he is losing more than what he is gaining.

It would be great if this guy could do a little AMA here, so that we can talk about his strategy and if he/she can tell us if it was worth it.  Roll Eyes

Yes, there is a huge difference between the amount wagered and amount risked as you can roll over the same stake many times.

Both the top 2 are winning at the moment so the $20,000 will be a nice bonus on top of their winnings.

You get 1 free lotto ticket for every 500 sats wagered.

94.12899000 / 0.00000500 = 18,825,798

They didn't change tactics, those lotto tickets were just another bonus.

freebitcoin.TO WIN A  LAMBORGHINI!..

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July 30, 2018, 08:18:28 AM
 #6857

I think we should have a biggest loser competition at some point and see who wins/loses that one?

That would be something I could take part in. I had a chat with wetsuit earlier and the 2 fighting it out are both winning. Some guys get all the luck.

Longest losing streak on a 50% roll? Or maybe worst single loss calculated as stake*win chance? So 0.1 BTC lost on a 90% win chance is worse than the same amount lost on a 50% win chance.

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July 30, 2018, 08:29:11 AM
Last edit: July 30, 2018, 08:52:23 AM by TheQuin
 #6858

I think we should have a biggest loser competition at some point and see who wins/loses that one?

That would be something I could take part in. I had a chat with wetsuit earlier and the 2 fighting it out are both winning. Some guys get all the luck.

Longest losing streak on a 50% roll? Or maybe worst single loss calculated as stake*win chance? So 0.1 BTC lost on a 90% win chance is worse than the same amount lost on a 50% win chance.

I was kind of joking. I'm not sure if running a promotion based on losing is the best advertising strategy for a gambling business.

I'm pleased to be able to say that the wagering contest has been a successful promotion and we've now decided we will run it again next month.

So make use of these special banners and advertise your referral link where gamblers can be found.  Wink

https://static1.freebitco.in/banners/contest_728_90.gif

https://static1.freebitco.in/banners/contest_468_60.gif

https://static1.freebitco.in/banners/contest_160_600.gif

https://static1.freebitco.in/banners/contest_300_250.gif



freebitcoin.TO WIN A  LAMBORGHINI!..

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July 30, 2018, 11:10:26 AM
 #6859

Surely the 94 bitcoins are not the amount that he lost, but rather the amount that was wagered.  Roll Eyes He might have won a large percentage of that and used his winnings to finance his bets. I think the fact that he changed tactics, by dumping coins into Lottery tickets, is an indication that he figured out that he is losing more than what he is gaining.

It would be great if this guy could do a little AMA here, so that we can talk about his strategy and if he/she can tell us if it was worth it.  Roll Eyes

Yes, there is a huge difference between the amount wagered and amount risked as you can roll over the same stake many times.

Both the top 2 are winning at the moment so the $20,000 will be a nice bonus on top of their winnings.

You get 1 free lotto ticket for every 500 sats wagered.

94.12899000 / 0.00000500 = 18,825,798

They didn't change tactics, those lotto tickets were just another bonus.

I was always wondering who buys so many tickets? It never occurred to me that those tickets may be given for free while you play HI/LO game. Well, I knew that you get 1 ticket for every 500 sats wagered, but it was hard to imagine that one can earn millions of tickets this way.

Thanks for keeping us updated on this interesting contest! It's only 36 hours left until we know the final results. I'm wondering if someone else can jump in apart from those two in the meantime? Smiley

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July 30, 2018, 11:44:50 AM
 #6860

Can someone explain in simple terms what the current issue with the botnet is about?

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