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

[darewaller]

Thank you for the detailed explanation,now I understand it completely.Still a great offering I would say to people who can permit to risk 1 or 2 Bitcoin as I don't see any banking interest to even come close or compete with such return for one year if you put let's say a Bitcoin with price 43.000 USD you get as an interest after a year 1754 USD as a reward.I would love to see a bank which can do that as in Europe I know for sure there is none,but may be there is in US I don't know.

Do not forget that you are investing in bitcoin, and not any other fiat thing. So, basically if you invested 1 bitcoin today, at bare mimum 4%, that means in 20 years that will be around 2.25 or so bitcoins. That is bitcoins, not fiat, which means your bitcoin could worth 1 million dollars during that period as well, so you would have invested 45k or so worth today, get 1 bitcoin, and in 20 years you would have 2.25 million dollars instead while all other 1 bitcoin holders would have 1 million dollars.

I believe the biggest increase you could get was 4.40% interest, and that would basically be 2.4 or so as well. So all in all, you will keep on making money while your money also gains value in itself.

[STT]

You can move from the daily interest stated to the total yearly interest given, by putting days of compounding wanted like 365 into the power of.   So  (1+(daily%/100))^365= yearly compounded interest rate which is the 4% or so you expected to see.

Daily interest will be calculated at a random time everyday @ 0.01232876% * per day.

1+(0.01232876/100)^365 = 1.046  

remove the 1 and if you prefer not to see a decimal do x100 it will be 4.6% which is close to the stated 4.59.   Thats a rounding error I guess though it is 100 dollars difference if you are a millionaire I guess some care, close enough for me

Code:

(1+(0.01232876/100))^365 =

copy paste that to wolfram and click equals at the end, actually google does it just fine also.

Use the same thing for credit cards, they sometimes state interest differently there and obviously it adds up.  So monthly is ^12 and so on.  Yearly interest on a 25 year term mortgage would be ^25 if you want to see how much altering your payments would do to total cost, etc.    There is definitely many websites that will help with simple forms to translate the same things.

[dwyane36]

LOOOL!! Most of the winners only have less than 1,000 tickets. And only 3rd place for the 17millions tickets 

By the way, it's worth noting that the user in 3rd place wagered more than 45 BTC and won two daily jackpots last week. Therefore, it is not surprising that he had such a huge number of lottery tickets. Although I guess the result of this round of the lottery most likely disappointed him. He collected over 17 million tickets, but he was still beaten by a user who had only 41 tickets.

[TheQuin]

Thank you for the detailed explanation,now I understand it completely.Still a great offering I would say to people who can permit to risk 1 or 2 Bitcoin as I don't see any banking interest to even come close or compete with such return for one year if you put let's say a Bitcoin with price 43.000 USD you get as an interest after a year 1754 USD as a reward.I would love to see a bank which can do that as in Europe I know for sure there is none,but may be there is in US I don't know.

A great but also illegal offering. BlockFi just agreed to pay $100 million dollars to the SEC because their interest accounts were not compliant with securities regulation. If freebitco.in was fined $100 million there is next to zero chance that any large investor ever gets their BTC back.

Oh, you're back. What happened? Did you spend a few days looking for something positive to do with your life and think that it was too difficult and come back to the pool to take another shit?

Idiotic claims that we are doing something illegal always give me a good laugh. We've been offering interest on Bitcoin balances for over 5 years IIRC. Don't you think if that was of any concern to any authorities in a third country like the US then something would have already happened? Or do you think you're so smart you're the first person in the world to think of it? Have you considered that running a successful business like this for 8 years doesn't just happen by chance? We retain a top law firm to advise us and make sure that everything we do is legal and doesn't fall into any regulated markets.

[Improved]

TheQuin, why it's paid out already? An error?

----------------------------------------------------------

[TheQuin]

TheQuin, why it's paid out already? An error?

Yes, an error, I messed that up. I'm talking to wetsuit about how to resolve it.

Edit. We can't reverse the payouts because some people will have already spent or withdrawn it so we'll just have to take the hit and payout twice if Real Madrid goes through after the second leg.

[fbtcvip10]

TheQuin, why it's paid out already? An error?

Yes, an error, I messed that up. I'm talking to wetsuit about how to resolve it.

Edit. We can't reverse the payouts because some people will have already spent or withdrawn it so we'll just have to take the hit and payout twice if Real Madrid goes through after the second leg.

Wow that's a nightmare! I thought you set the results manually, is it really automatically?

[TheQuin]

Wow that's a nightmare! I thought you set the results manually, is it really automatically?

It was manual. I manually forgot that the round of 16 has started so it's a 2 leg game when I was doing the payouts today.

[Betwrong]

~

Even though those are just meme votes, I guess, still it is nice knowing that there are more people believing that bitcoin will reach more than a million dollar rather than those who believe that it will plummet back at 10,000 dollars or less.
Anyway, based on the current status of bitcoin price chart and its past history that has the same chart, I guess that it's price will pump later on but I am not sure if it will reach a new ATH.

What do you mean by "meme votes"? If you think that people were just betting 1 satoshi on "More than $1,000,000" just for the fun of it(like I did, btw ), them you are wrong. People were voting with their money. Look at the current situation:



96 bets are placed on "More than $1,000,000" and 140 on "$5,000 or less", and yet the outcome odds are 5 times higher for "$5,000 or less". That means only one thing: on average, people were placing several-fold higher bets on "More than $1,000,000".

[Jemzx00]

~snip~

What do you mean by "meme votes"? If you think that people were just betting 1 satoshi on "More than $1,000,000" just for the fun of it(like I did, btw ), them you are wrong. People were voting with their money. Look at the current situation:



96 bets are placed on "More than $1,000,000" and 140 on "$5,000 or less", and yet the outcome odds are 5 times higher for "$5,000 or less". That means only one thing: on average, people were placing several-fold higher bets on "More than $1,000,000".

Yes, for me, I think these votes are considered as meme votes as these votes are made for fun and not to be taken seriously. You're right that bets on the "More than $1,000,00" are several-fold higher than those on the other two however, I don't think the the people who place those bets take these bets seriously and really hoping to win.
Again, I'm still happy that there are more bets on the "More than $1,000,000" than for the "$10,000 or less" bets. Hopefully, bitcoin will reach those price sooner.

[freebitco.in PR]

Upgrade to Premium - Boost Your Chances of Winning a Rolex, iPhone, and More!

With the Premium Membership program at FreeBitco.in, you can earn up to 16 WHEEL OF FORTUNE FREE SPINS, every day! All you have to do is purchase 2,500 FUNTokens or more to start earning benefits from Day 1.

Here are the other benefits you can earn with your Premium Membership:

1. Upto 25% Additional Interest
2. Upto 1% Cashback on Multiply BTC/Betting
3. No CAPTCHA on Free BTC Rolls

Upgrade to Premium today!

[darewaller]

Wow that's a nightmare! I thought you set the results manually, is it really automatically?

It was manual. I manually forgot that the round of 16 has started so it's a 2 leg game when I was doing the payouts today.

I am sure it would not be a horrible hit for you guys, do not know how much you guys paid it out but in the end you guys have enough customers to keep that profit back up in a few days at the very most I suppose. Even if not, even if it takes a few weeks, it is both a good lesson that you learned and also it is not a make or break for such a gigantic website anyway.

You have managed to keep this website afloat for years now, half a decade at the very least I can remember and you deserve to have some mishaps without any headaches, it just happens, don't worry about it. I "know" wetsuit as well, not really but talked with him way back in the day about some stuff and I know he is a cool dude as well so he wouldn't really care about it too much neither. Keep your chin up, I hope you wouldn't feel too bad about it, it is really not looking like a big deal at all.

[16xypjnxlrew]

I am sure it would not be a horrible hit for you guys, do not know how much you guys paid it out but in the end you guys have enough customers to keep that profit back up in a few days at the very most I suppose. Even if not, even if it takes a few weeks, it is both a good lesson that you learned and also it is not a make or break for such a gigantic website anyway.

You have managed to keep this website afloat for years now, half a decade at the very least I can remember and you deserve to have some mishaps without any headaches, it just happens, don't worry about it. I "know" wetsuit as well, not really but talked with him way back in the day about some stuff and I know he is a cool dude as well so he wouldn't really care about it too much neither. Keep your chin up, I hope you wouldn't feel too bad about it, it is really not looking like a big deal at all.

Let Wetsuit deduct this loss from TheQuin salary.

[swogerino]

I just made to 49961 FUN token and tomorrow I am going to make it to 50000 once my really low sat deposit it confirms but I used a really low fee just to buy those 39 FUN plus I am running the Free Btc bonus 1000% but from seeing 50% Referral commission from trade of FUN (which I think it includes buying/selling) my referrer should be one happy person if I have one,as I am a member from 2014,just wanted to share somewhat a good objective achieved so far for me.

 

[16xypjnxlrew]

I just made to 49961 FUN token and tomorrow I am going to make it to 50000 once my really low sat deposit it confirms but I used a really low fee just to buy those 39 FUN plus I am running the Free Btc bonus 1000% but from seeing 50% Referral commission from trade of FUN (which I think it includes buying/selling) my referrer should be one happy person if I have one,as I am a member from 2014,just wanted to share somewhat a good objective achieved so far for me.

 https://i.ibb.co/M5VJ5sY/FREEBIT.png

What will you do if the price of FUN token falls by 2 times?

[TheQuin]

Wow that's a nightmare! I thought you set the results manually, is it really automatically?

It was manual. I manually forgot that the round of 16 has started so it's a 2 leg game when I was doing the payouts today.

I am sure it would not be a horrible hit for you guys, do not know how much you guys paid it out but in the end you guys have enough customers to keep that profit back up in a few days at the very most I suppose. Even if not, even if it takes a few weeks, it is both a good lesson that you learned and also it is not a make or break for such a gigantic website anyway.

You have managed to keep this website afloat for years now, half a decade at the very least I can remember and you deserve to have some mishaps without any headaches, it just happens, don't worry about it. I "know" wetsuit as well, not really but talked with him way back in the day about some stuff and I know he is a cool dude as well so he wouldn't really care about it too much neither. Keep your chin up, I hope you wouldn't feel too bad about it, it is really not looking like a big deal at all.

You're right, it's no big deal and wetsuit is completely cool about it. I feel bad about it just because I don't like making mistakes. The biggest headache here is the number of emails I'm going to have to answer over the next week. If PSG holds on to their 1-0 lead it won't cost anything so I find myself in the very strange position of an Englishman cheering on a French team.

[Chikito]

I just made to 49961 FUN token and tomorrow I am going to make it to 50000 once my really low sat deposit it confirms but I used a really low fee just to buy those 39 FUN plus I am running the Free Btc bonus 1000% but from seeing 50% Referral commission from trade of FUN .......

What will you do if the price of FUN token falls by 2 times?

Normal people will keep holding it on freebitco.in. somehow if you are very scared to have thinking dump to zero, you will trade it blindly. As he said this is not about the price, you will get many benefits like free WOF spin, cashback, and interest if you hold the tokens on the website. Who knows in the future price to be reversed.

[Strongkored]

I just made to 49961 FUN token and tomorrow I am going to make it to 50000 once my really low sat deposit it confirms but I used a really low fee just to buy those 39 FUN plus I am running the Free Btc bonus 1000% but from seeing 50% Referral commission from trade of FUN .......

What will you do if the price of FUN token falls by 2 times?

Normal people will keep holding it on freebitco.in. somehow if you are very scared to have thinking dump to zero, you will trade it blindly. As he said this is not about the price, you will get many benefits like free WOF spin, cashback, and interest if you hold the tokens on the website. Who knows in the future price to be reversed.

Yes, keep it in freebitcoin because it still benefits other from the ownership of the token, and many choose to lock it to get interest in some periods, I locked some of my tokens for 1 year and in August will be unlocked at least the interest gained can reduce losses due to the decrease in the price of this token.

[swogerino]

I just made to 49961 FUN token and tomorrow I am going to make it to 50000 once my really low sat deposit it confirms but I used a really low fee just to buy those 39 FUN plus I am running the Free Btc bonus 1000% but from seeing 50% Referral commission from trade of FUN (which I think it includes buying/selling) my referrer should be one happy person if I have one,as I am a member from 2014,just wanted to share somewhat a good objective achieved so far for me.

 

What will you do if the price of FUN token falls by 2 times?

Keep buying the dip.I am in for the long run and I don't really care if FUN token goes to 0,I only invest money I can afford to lose.Beside that today Freebitco.in introduced a new feature to exchange RP for WoF spins,I really like this as it can drastically increment the chances even for non Premium Members to win prizes at the Wheel of Fortune.

[Generalzod580]

The new exchange rp to wof ticket feature is quite thoughtful but it's too much of a gamble. Rp is the most valuable thing on freebitco and spending it to
1. Reduce free roll percentage
2. Have typically 1 out of 3 chance of converting the rpto SATs with the other chance either being a refund or nothing in the form of lottery.
3. The result from number 1 would inevitably lead to a reduction in the value of free btc bonus which is currently the most profitable use of rp.
 
All In the name of gambling for Max rewards which have an approx 0.1% chance of getting if not less than.
It'd be nice from a gambling perspective in more ways than one, otherwise it's not really a logical choice for spending valuable rps.