Juggy777
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January 06, 2020, 07:46:42 AM |
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It is a faucet for ducks sake, you can't expect to make fat bucks if you already have no money. That logic applies to every goddamn business in life.
The more money you have, the more you make.
It is not really a small amount when you do it multiple times a day, let's calculate around the world wages and how much you can make from freebitcoin and see if it really worths it for some people or not. I know it could be lesser for some people but to me the lowest I make per roll is 162 satoshi, sure that requires a bit of commitment to reach there (I at least hope ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ) but the imaginary person we talk here also does this as a side-job anyway so he must be at least as dedicated to this as I am. 162 satoshi per roll means 1944, almost 2k satoshi per day, now some days could be more but some days could be less so lets average around 2k satoshi per day, for 30 days a month that is 60k satoshi. That is around 5 bucks right now, you may think that may not worth it for you and most of the time you are right but for example people in Venezuela wouldn't mind getting that much money right now right? Or people in Zimbabwe? Or Georgia, or northern Cyprus? Cuba? I mean these are all extra money that would help them, on top of that they would get a lot of reward points for doing so many free rolls and many lottery tickets as well so that 5 bucks is not the money they will %100 get all the time, that is the bare bottom, they can get on top of that depending on luck. Freebitco was not created to make someone rich over night but it’s purpose was to add extra income to ones wallet, I too have used Freebitco in the past to earn few hundred dollars and it was worth the effort as every income small or big matters to me. @lixer you’re correct even though this income is small it’ll definitely help them in the long run, and if those people can get couple of referrals then they’ll earn good side income too which will probably help them meet their daily expenses.
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slaman29
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January 06, 2020, 08:52:49 AM |
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^^^^ Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets. Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing. A good example is round 232 where the first winner had only 2 tickets.
Yeah, luck indeed! Been watching every round for a while now and there's always ALWAYS at least 1 winner with far fewer tickets than me. And seeing someone win with only 16 tickets which is like claiming freeroll 8 times (which is what I can do on 1 day on a free day!) well that's simply awesome. Still trying to get in one more round of ticks with the 4x bonus... 1 hour left, so far got myself up to almost 0.5% chance of winning. Been really testing my luck a lot but anyway, already very happy to be where I am.
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Betwrong
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I stand with Ukraine.
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January 06, 2020, 01:48:03 PM |
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^^^^ Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets. Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing. A good example is round 232 where the first winner had only 2 tickets.
Yeah, luck indeed! Been watching every round for a while now and there's always ALWAYS at least 1 winner with far fewer tickets than me. And seeing someone win with only 16 tickets which is like claiming freeroll 8 times (which is what I can do on 1 day on a free day!) well that's simply awesome. Still trying to get in one more round of ticks with the 4x bonus... 1 hour left, so far got myself up to almost 0.5% chance of winning. Been really testing my luck a lot but anyway, already very happy to be where I am. I've spent more than 50k sats on lottery tickets and never won even the smallest prize. And I'm not surprised because the highest win chance I had was less than 0.01%. But you said you had around 0.5% win chance, which means you bought around 0.013 BTC worth of tickets. Did you win anything in the last round? Because I thought you could. But, on the other hand, we don't expect winning with the very first roll when betting with 0.5% win chance on dice, right? I don't know about others but I make at least 20-30 rolls with that win chance, and consider myself very lucky if I win.
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BitcoinsGreat
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January 06, 2020, 03:05:06 PM |
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I realize that the more tickets you have, the more likely you are to win. However, just the example of a winner with two tickets shows that more depends on luck. I wonder if the users who buy tickets finally come out financially positive or they lose ... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) At first, i also thought that in order to win, we have to collect many tickets and the one with most ticket will have more chances of win, but this is actually not the case. However, buying more tickets increases the probability of the win but does not grantee win. A person with a single ticket can be lucky to win and a person with 100 tickets may lose on a day, if he is unlucky.
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keyscore44
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January 06, 2020, 03:18:18 PM |
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I realize that the more tickets you have, the more likely you are to win. However, just the example of a winner with two tickets shows that more depends on luck. I wonder if the users who buy tickets finally come out financially positive or they lose ... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) At first, i also thought that in order to win, we have to collect many tickets and the one with most ticket will have more chances of win, but this is actually not the case. However, buying more tickets increases the probability of the win but does not grantee win. A person with a single ticket can be lucky to win and a person with 100 tickets may lose on a day, if he is unlucky. Yep, it was already counted by @hosseinimr93 here: https://bitcointalk.org/index.php?topic=320959.msg53529155#msg53529155and explained better here: https://bitcointalk.org/index.php?topic=320959.msg53530585#msg53530585The conclusion is that it is not profitable to buy lottery tickets, because if we do not take luck into account, the return in the long run can be only 25%. So luck is still the most important thing here.
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ESG
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January 07, 2020, 12:54:08 PM |
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Hi guys, seems freebitco is still leading website and rewards aren't small at all but I have some questions that I didn't understand. Website says that there is Bonus +0.00000378BTC added to all rewards but still I get basic 0.00000405 BTC payout in each roll. Also it states: 1. increase your FREE BTC rewards by up to +0.00000513 BTC 2. 57.3814% achieved towards the next +0.00000027 BTC bonus! I didn't understand why I don't get this rewards and is there any bar that fills to understand whether my lottery bought increases freeroll rewards? Since it states that Bonus +0.00000378BTC is added to all rewards, why don't I get that?
Because the base is 27. 27+378=405 Regular free-roll basic reward is 27satoshi, so if you get 405 while free-roll, your reward was boosted as promised. Hope it helps. ......but if you don t play / bet the needed or don t deposit the minimum// you win free on free roll, only 0.00000008 now? that s vey little.. and he's well far from the mind the site says paying.. i don t know what they do with the remaining// or why give a lot little to person what can not Deposit a minimum.. or dont want lost yours litlle satoshis on betting//gambles???>>> or you spend money or you dont win?? i think it is.. >>>0.00000025 - 0.00000008 = 0.00000017(?) REMAINING??}}} this was ever my doubt about it... is big vicious circle to people cant do make a deposit???
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panjul07
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January 07, 2020, 01:25:46 PM |
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^^^^ Lottery round 240 just ended. The winner of fifth place had only 16 tickets. Also, the winner of sixth place had only 79 tickets. Earning more tickets (buying them or earning them) improves your chance, but the outcome depends on your luck. You can win the lottery with only 1 ticket and a user with more than 50 million tickets wins nothing. A good example is round 232 where the first winner had only 2 tickets.
That is exactly how lottery works, as it is a game of luck. More tickets is indeed more chance to win but it does not push your luck by buying many tickets. Buying more tickets is fine, but we should not force ourselves to do it. At least we should not go over our own limit. There are many example of winners here with low number of tickets, they are so lucky winners and I believe those were from the free tickets only.
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doge10x
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January 07, 2020, 01:57:50 PM |
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At this point, I am just questioning the legitimacy of this site..
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YinShuiSiYuan
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January 07, 2020, 03:25:53 PM |
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At this point, I am just questioning the legitimacy of this site..
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It can't be said that it was a elaborate statement .. Could you share your doubts with us, or maybe what you think destroy the credibility of this well established website that has been existing for years and giving away Bitcoins for free?
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davinchi
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January 07, 2020, 03:54:01 PM |
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In the last round of the lottery (Round 240), there were totally 260 million tickets. They cost 2.6 BTC. The value of total prize given to winners was 0.65 BTC. So, 25% goes to winners and 75% goes to the house. If you buy the tickets to participate in the lottery, it's like that you play a game with 75% house edge.
75% going to the house looks like huge. But I think it's not very accurate to say this. Because out of these 260 million tickets, huge number of it were received for free (free rolls, wagering, betting, as commission from referrals). Bought tickets make only small part of total tickets. So, I think it's normal that only 25% goes to lottery winners. I know a big part of tickets come from free rolls, referral, wagering, etc. I was talking about the profitably of buying tickets. I was not talking about the profit house makes with lottery tickets and I didn't say going only 25% to winners is not normal. Considering free tickets, I don't think the house even makes any profit in the lottery. The game is in favor of those who earn tickets via free rolls, referral, wagering, etc. But those who participate in the lottery by buying the tickets play a game with 75% house edge. It doesn't mean that the house is making 75% profit. 75% house favor is not house making 75%, that 75% includes all the free tickets gave away and not the tickets bought. So yeah, if you buy tickets you could be at disadvantage but house is usually at disadvantage by giving away so many free tickets, each and every single roll is one free ticket and considering that it means they are most of the time not making any profit at all but not losing too much neither and considering they do have a ton of people wagering on their hi/lo they are not losing that much important money on lottery and just let it be even if it loses a bit for them. However the reality is, you do increase your chances to win by buying more tickets, doesn't mean you will win but nobody can deny that more tickets = bigger chance, that part is still true.
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slaman29
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January 08, 2020, 07:02:23 AM |
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@Betwrong no I didn't buy any of my tickets at all, never bought a single ticket. I got all of it from freerolls and multiply. Been slowly accumulating a big balance on the site and gambling with it, very conservatively with max amount bet 10% of bankroll and always taking advantage of RP bonus.
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stingray777
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January 08, 2020, 07:56:06 AM |
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Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
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UserU
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January 08, 2020, 08:05:28 AM |
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Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
Very optimistic of you, but I doubt it would even reach that far. Maybe 5 figures is possible but a million is a long shot.
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stingray777
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January 08, 2020, 08:17:13 AM |
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I guess that's how bitcoin behaves.. ain't it? Gives you beautiful surprises when you least expect it?
You think 1M USD ever to happen at all?
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leea-1334
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January 08, 2020, 09:01:50 AM |
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I guess that's how bitcoin behaves.. ain't it? Gives you beautiful surprises when you least expect it?
You think 1M USD ever to happen at all?
Which is why it is very very important to never expect big prices! This was the problem of 2018 and 2019, people kept expecting the bull run so it never came. I am really hoping this year nobody hypes anything and we give up on 1 M BTC because it will come if we do not ask for it. Oh and thank goodness McAfee no longer will make d*** headlines for the rest of the year now that he has said he will not do it for sure.
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fullhdpixel
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January 08, 2020, 02:48:04 PM |
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Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
Right now, there are over 340 days left until 2020 is over, there is absolutely no way anyone could know what bitcoin could do until that moment. Plus this is more about which price it is closer and not which price it will be. So, 100k means over 75k because under 75k goes to 50k, and by over 75k I mean it works until 175k or so if my math is not wrong, so basically just saying over 75k since over 175k is definitely not possible inside one year. It shows you that 100k is more viable than it looks, it doesn't mean 100k, it means over 75k, still quite improbable to happen, still wouldn't bet that, still very difficult but compared to over 100k, over 75k is more realistic. I would still bet on 10k or 25k, those two looks like the most realistic to me this year, but who am I to know what will happen.
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ice18
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January 08, 2020, 05:30:44 PM |
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At this point, I am just questioning the legitimacy of this site..
Feel free to backread at the last 500 pages and tell us if you see any bad reputation or any accusations that arent solve by this site.
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BitSat19
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January 08, 2020, 07:30:09 PM |
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Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
Its not good bet as I am not feeling its going to touch this figure in this year we have to wait for this figure.
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mindrust
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January 08, 2020, 07:35:23 PM |
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Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?
Its not good bet as I am not feeling its going to touch this figure in this year we have to wait for this figure. 1.000.000 this year is pretty impossible. Even McAfee backed off from that prediction. Something between 50k and 100k USD is quite possible though. If 1m happens there won't be any btc holders left around in this forum anymore probably because most will get out as soon as they see a new ATH.
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STT
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January 08, 2020, 08:30:15 PM Last edit: January 09, 2020, 12:08:02 AM by STT |
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Dont get wound up on the price, consider the market capital in total and then contrast it to various other markets. When bond markets are unwinding in value which is inversely when interest rates rise as inflation is perceived or ongoing in high street prices then you have a possible flow of capital from the largest market in the world which is debt and government securities trading. Only when bonds are off the QE yellow brick road we will start to see the really impossible prices elsewhere and 100k or 1m per BTC is that level imo. The Feb to July prices this year was a bullish trend and it was quite steady in that for a long while and beyond the expectations of most. Japan has been running artificial debt purchases and QE programs since the early 90's and not fallen over just yet, I dont estimate we dodge consequences that long and generally technology is a way to speed up an existing phenomena. Something between 50k and 100k USD is quite possible though. Not this year, I'd guess more like 10k or at best low five figures and I consider that bullish. 50k this decade would get you laughed off the stage most places, thats about the valuation of Apple I think so does Bitcoin serve that many people every day.
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