FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[NABiT]

Yesterday was a pleasant surprise with 10 free spins. I have not yet received a message for free spins today.

Good luck to everyone!

I didn't receive any of them today either, I don't know why because the announcement above says we will receive them everyday. I hope it's just a small bug and we will receive them again daily very soon...

I got it, only later than yesterday. I only don't understand why I got just 3 spins today. While I got 6 spins yesterday. @The Quin, maybe you can explain it?

Same for me, yesterday received 2 spins and today only 1. Maybe they double the amount of spins yesterday because of the early launch?

@TheQuin, would it be possible to see the spin history of all our WOF spins (and not only for the spins of today) ?

I got 10 yesterday, and the correct 5 today

I assumed that as I was expecting email notification I just didn't notice the message until the second day and they accumulated.

If the same happened to someone with 2500 tokens it would be 2 spins then 1 or for 5000 tokens, 6 spins then 3

[LTU_btc]

Same for me, yesterday received 2 spins and today only 1. Maybe they double the amount of spins yesterday because of the early launch?

@TheQuin, would it be possible to see the spin history of all our WOF spins (and not only for the spins of today) ?

Yeah, I guess it may be just first day promotion.
I think you can check full history of spins, including WOF in Multiply BTC section.

[TheQuin]

Same for me, yesterday received 2 spins and today only 1. Maybe they double the amount of spins yesterday because of the early launch?

@TheQuin, would it be possible to see the spin history of all our WOF spins (and not only for the spins of today) ?

Yeah, I guess it may be just first day promotion.
I think you can check full history of spins, including WOF in Multiply BTC section.

Yes.

All spins are in your roll history. Click the icon on the left and you'll see the balances before and after for whatever you won.

[SquallLeonhart]

Do you have a plan to implement referral thing ?

The site is really nice and its deserved applaud because I don't think it easy to design such beautiful website, so those referral link should be later, some of the correction and amendment of websites should be taking gradually, because from my perspective via creations of new thing or webs everything might no be complete because without am error a project won't be completed, so once again I applaud op.

I am not sure what you are talking about. That message was written in 2013 and freebitcoin had ref link thing for years now, over half a decade I suppose and that is why it has been such a huge success as well because many people did used their links and the banners there as a referral thing and invited people over.

I personally have always said that "win 200 dollars" was not something we should really promote because there is a very very very tiny chance that happens and we are promoting like 200 bucks per hour is possible. However wetsuit insisted that since it is possible people should think that as possibility and not what is promised and aside from that the ref business never had any problem at all.

[UserU]

I am not sure what you are talking about. That message was written in 2013 and freebitcoin had ref link thing for years now, over half a decade I suppose and that is why it has been such a huge success as well because many people did used their links and the banners there as a referral thing and invited people over.

I personally have always said that "win 200 dollars" was not something we should really promote because there is a very very very tiny chance that happens and we are promoting like 200 bucks per hour is possible. However wetsuit insisted that since it is possible people should think that as possibility and not what is promised and aside from that the ref business never had any problem at all.

He activated his time machine I guess

[Reatim]

Just Now that i have received such message , does it mean that we can Have our spins even if we forgot or not made it daily ? does our previous spins will be counted? because according to this message



It seems that our spins accounted from time to time even if we are not active for some days?

or i am missing something in this matter , thanks for the answers in advance .

[Strongkored]

@Reatim
As far as I know, the time for WoF is still 48 hours, if it passes from that time it will be forfeited and cannot be used, the purpose of "Play All" is for members who hold FUN Token, they will get additional freespins every day, maybe the FUN holder can answer more precisely.

[Text]

Thanks for the early activation of additional free spins from premium membership, you listened to my request  .  I hope I can buy more and increase the tokens I hold before the end of the fifteenth day of March so that I can receive more spins every day.  So, I was able to buy in the first week of February where the price was even higher then than now, I remember, I had purchases that reached 3 digits sats a token. It's still cheaper now.

[peter0425]

@Reatim
As far as I know, the time for WoF is still 48 hours, if it passes from that time it will be forfeited and cannot be used, the purpose of "Play All" is for members who hold FUN Token, they will get additional freespins every day, maybe the FUN holder can answer more precisely.

Agreed on this because i have missed my Spin for some busy days and when i checked the email the next day ( when the new one already comes) it says the link had already expires .

but is it really every 48 hours mate? or 24 hours after the email has sent ? because on the 25th hours new one will come for us to spin again.

[freebitco.in PR]

Just Now that i have received such message , does it mean that we can Have our spins even if we forgot or not made it daily ? does our previous spins will be counted? because according to this message



It seems that our spins accounted from time to time even if we are not active for some days?

or i am missing something in this matter , thanks for the answers in advance .

Regardless of your activity, these free spins are added to your account every day based on the number of FUN Tokens you hold and the duration you hold them for in your FreeBitco.in account.

These spins are an added Premium Benefit of being a FUN Token holder at FreeBitco.in.

[Text]

~snip
but is it really every 48 hours mate? or 24 hours after the email has sent ? because on the 25th hours new one will come for us to spin again.

Each spin/s at the time it is received only has 48 hours before it expires.  So the spin you received today can still be played tomorrow.

Of all the free spins I received, one spin expired due to days I was unable to open mails.  But now that right on this site it receives, it’s even better.

[peter0425]

~snip
but is it really every 48 hours mate? or 24 hours after the email has sent ? because on the 25th hours new one will come for us to spin again.

Each spin/s at the time it is received only has 48 hours before it expires.  So the spin you received today can still be played tomorrow.

Of all the free spins I received, one spin expired due to days I was unable to open mails.  But now that right on this site it receives, it’s even better.

nah You don't get what i am pointing , I believe that the duration is only 24 hours because when the next one comes it seems that My spin from the previous day expires .

But I'm not sure at all because that happens only once when i am really had a busy day so i did not monitored if that comes 48 hrs before expiration or that 24 hours, but Nothing to go further i think this is enough for me to understand , thanks for the heads up though.

[freebitco.in PR]

2X Reward Points (RP) promotion is LIVE and ends in 48 hours.

Redeem your RP on the Rewards page for iPhones, Hardware Wallets, Gift Cards, Free BTC, and much more...

[Betwrong]

Regarding lottery, I still have 11k REWARD POINTS, so I'm planning  to keep exchanging them, from time to time: 1,200 RP for 100 TICKETS / FREEROLL in the next 24 hours. [...] Nope. I'm currently holding 1 FUN token.

I'm a little confused ... as mentioned above, the minimum hodling amount is 2500 tokens. Then how did you get 1 Fun token on your account? (was it a purchase or did you get 1 token thanks to referrals).

It was a purchase, and the mechanics were well explained above by @NABiT and @UserU (thx, guys! ).

I just want more fun in my life, and no one will stop me from spending 66 sats on that!

Am currently in profit btw

As for the reward points, you will have to visit the site at least 12 times to get to zero, or be active for almost 20 hours for such an exchange to be profitable. Betwrong, apparently you have a lot of free time  

Who doesn't? And what is "time"? They say "time is a human concept that doesn't exist except in our minds." What if it's true?

[Saint-loup]

Thanks for the early activation of additional free spins from premium membership, you listened to my request  .  I hope I can buy more and increase the tokens I hold before the end of the fifteenth day of March so that I can receive more spins every day.  So, I was able to buy in the first week of February where the price was even higher then than now, I remember, I had purchases that reached 3 digits sats a token. It's still cheaper now.

You are free to buy them after March 15th. The premium membership program is not a promotion, it will continue. You just need to hold your tokens at least one whole month after buying them to get your bonuses like WOF spins and cashback

[cashfairy]

expected that we could have benefit with FUN tokens when making deposit and withdrawals futher
but just realised FUN is ETH network and have to pay more fees than in case of BTC transactions

[soslex]

@Reatim
As far as I know, the time for WoF is still 48 hours, if it passes from that time it will be forfeited and cannot be used, the purpose of "Play All" is for members who hold FUN Token, they will get additional freespins every day, maybe the FUN holder can answer more precisely.

Agreed on this because i have missed my Spin for some busy days and when i checked the email the next day ( when the new one already comes) it says the link had already expires .

but is it really every 48 hours mate? or 24 hours after the email has sent ? because on the 25th hours new one will come for us to spin again.

The spins that you get from holding FUN tokens for the premium program never expire. Per the FAQ on the premium membership page:

"The free spins will never expire and you can choose to play them whenever you want."

The spin that you get from the email expires after 48 hours.

[Jemzx00]

Just Now that i have received such message , does it mean that we can Have our spins even if we forgot or not made it daily ? does our previous spins will be counted? because according to this message



It seems that our spins accounted from time to time even if we are not active for some days?

or i am missing something in this matter , thanks for the answers in advance .

Regardless of your activity, these free spins are added to your account every day based on the number of FUN Tokens you hold and the duration you hold them for in your FreeBitco.in account.

These spins are an added Premium Benefit of being a FUN Token holder at FreeBitco.in.

May I know where to find that WOF spins option and if that's available for non-premium FUN token hodlers? It would be less hassle to open freebitcoin only and play directly WOF page unlike opening them on my email.

Also, are the time limit for every spins will be shown there or you'll have to know it yourself? Anyway, I'm looking forward to know where to find that WOF page on Freebitcoin platform.

expected that we could have benefit with FUN tokens when making deposit and withdrawals futher
but just realised FUN is ETH network and have to pay more fees than in case of BTC transactions

Do you mean buying of FUN tokens? If yes, you can directly buy FUN tokens via bitcoin directly on freebitcoin. Withdrawal may depend on the traffic and the transaction fee on the network.

[jaysabi]

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math.  Everyone has to make their own determination about that though. 

How did you calculate it ? I decided to jump on it and bought 2500 FUN tokens awhile ago to obtain the premium membership. I think they will keep adding advantages and that in the long end (maybe a couple of years), it will be beneficial.
Besides that, as they have now acquired the FUN tokens, the price of these tokens will probably increase also. This token may have been dead for a couple of years, but it clearly shows that freebitco.in has a plan with these tokens and will actively further develop and improve this.

Here's how I calculated initially, which is very rough back of the envelope math, and when the price was about 100 sats/FUN:

I looked at WOF spins primarily, as that's what I see as the biggest perk of the program. The extra interest doesn't amount to much by comparison.  Here's what I calculated:

At 5000 Fun tokens, the cost is currently 500k sats.  After a month you get 3 extra WOF spins and it scales up to 6 daily WOF spins after a year. For the sake of simplicity, I'm just going to calculate 6 extra WOF spins from the start.  WOF spins are generally worth 50 sats.  Either you get 50 sats or 50 rp which given enough time you can convert to 50 sats if you make it to 100k rp.  Sometimes you get more sats on a spin, but sometimes you get lottery tickets too which in all likelihood translate to 0.  So expecting 50 sats per spin is reasonable and I would say necessary when you're calculating time to recover investment. 

At 6 extra spins a day, you're looking at 300 sats as the extra perk.  On a 500k sat investment cost, that's 1667 days, or 4.56 years.  And that's only if FUN holds the value you bought it at.  Taken that as a given, it's not a compelling investment given the risks.  I think you can get more perks at much higher investment costs, but honestly, that's even more risky in my view, so I calculated on what seemed like a reasonable test tier.

Now the price has fallen and the time to recoup investment has fallen with it, so it's gotten more attractive. But I haven't accounted for lost interest income necessary for converting to FUN, and I'm also not assuming any gains on FUN holdings (which is folly to take as a given).  I'll continue to watch the price of FUN and if it continues to fall, I'll be more interested, but you're still at a 2.7 year recovery period (VERY ROUGHLY) for a 5k FUN tier investment, and that's an awfully long time to break even and take on the unknown risks of holding a low-utility alt.

Having trading volume doesn't mean it has utility, it just means people are speculating in it. So that doesn't mean it's not a shitcoin. Also, having a whitepaper doesn't mean it's not a shitcoin either. Since it's a vague term without a universal definition, you'll probably get variations from person to person, but I would consider a coin with no utility or no problem to solve to be a shitcoin.  I.e., it doesn't need to exist, or someone just created it to enrich themselves.  That's 99% of all coins on coinmarket cap.  There are only a handful that wouldn't fit this definition, and I'm not exactly sure FUN is one of them. Does it need to exist? No, not really. It's not currently doing anything bitcoin doesn't already do. Faster and cheaper aren't exactly breakthroughs anymore when there are other tons of other coins that do this too. Guess we'll see if FB can grow it into anything more than what it currently is.

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference.  It's like how JD used/uses CLAMS.  (Dunno if they still do, haven't followed that site in a long time.)  But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling.  The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically?  It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math.  Everyone has to make their own determination about that though. 

The calculation I did was:

500,000 FUN (to take maximum advantage of the investment) is about 15,000$ dollars if you buy for 0,03$ each.

15,000$ is proportional to 0,35 btc.

0,35 btc generates interest income of 0,014 btc yearly in the site (4,08%), approximately.

By investing in FUN coin your daily income will decrease, as you will be exchanging your bitcoins out. So you need to make sure the extra 25% interest from holding 500,000 FUN after 1 year on will generate at least more than 0,014 btc yearly. The 25% bonus interest must be more profitable than holding 0,35 btc.

Conclusion: it worths for people who 0,35 btc represents less than 25% of their total investment in the site. If you have more than 1,4 btc invested it could sound interesting after 1 year. And consider the 16 daily free wheel spins a bonus, as it's impossible to take its prizes in consideration as they are random.
Negative side:

• During the first year of FUN investment you won't receive the maximum bonus. You need to wait 1 year to start taking advantage of 25% extra interest and 16 free spins;
• By investing your btcs in FUN you would still lose potential bitcoin bull runs' profits.

I like that you're accounting for lost interest income and needing to make that up. But you can take in WOF rewards into your consideration because someone published the prize table here, so statistically speaking we can come up with I feel a pretty good ballpark figure related to owning FUN.  I'll try to find some time to run the numbers and post here for review.  I need to find that prize chart that's buried a ton of pages back.

[moderator's note: consecutive posts merged]

[Saint-loup]

Here's how I calculated initially, which is very rough back of the envelope math, and when the price was about 100 sats/FUN:

I looked at WOF spins primarily, as that's what I see as the biggest perk of the program. The extra interest doesn't amount to much by comparison.  Here's what I calculated:

At 5000 Fun tokens, the cost is currently 500k sats.  After a month you get 3 extra WOF spins and it scales up to 6 daily WOF spins after a year. For the sake of simplicity, I'm just going to calculate 6 extra WOF spins from the start.  WOF spins are generally worth 50 sats.  Either you get 50 sats or 50 rp which given enough time you can convert to 50 sats if you make it to 100k rp.  Sometimes you get more sats on a spin, but sometimes you get lottery tickets too which in all likelihood translate to 0.  So expecting 50 sats per spin is reasonable and I would say necessary when you're calculating time to recover investment.  

At 6 extra spins a day, you're looking at 300 sats as the extra perk.  On a 500k sat investment cost, that's 1667 days, or 4.56 years.  And that's only if FUN holds the value you bought it at.  Taken that as a given, it's not a compelling investment given the risks.  I think you can get more perks at much higher investment costs, but honestly, that's even more risky in my view, so I calculated on what seemed like a reasonable test tier.

Now the price has fallen and the time to recoup investment has fallen with it, so it's gotten more attractive. But I haven't accounted for lost interest income necessary for converting to FUN, and I'm also not assuming any gains on FUN holdings (which is folly to take as a given).  I'll continue to watch the price of FUN and if it continues to fall, I'll be more interested, but you're still at a 2.7 year recovery period (VERY ROUGHLY) for a 5k FUN tier investment, and that's an awfully long time to break even and take on the unknown risks of holding a low-utility alt.

Your calculations only apply to a pure claimer but not to a regular player. You didn't include the rakeback in your calculations, neither the amount of additional earning interests you can get.