PawGo
Legendary
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May 03, 2022, 11:42:26 AM |
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You sure mate, you wanna have million worth of tokens to be locked up? That's just huge amount. I am not sure but while I was thinking about the same, you could just buy multipl FUN token slots and lock them all until its a million. The only question that is needed to be answered by freebitco staff is whether this will increase the current premium features by that much pack size? Like if I keep buying 500K + 500K then does it mean I will also receive 10+10 free spins everyday?
1 million tokens is $10k no? At the end it is not so much. The other think is you talk about account duplicating, which is so-so solution, as it is against their rules. I cannot imagine someone investing $1000000 into FUN tokens just for 16 free WOFs ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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pawanjain
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May 03, 2022, 02:54:38 PM |
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5.1% interest for your btc is better than “not bad”. It is outstanding. They are paying you interest on an asset that is limited by supply and they give you 5.1%. Think about that for a minute. The best part is they have been paying 4% for years and never failed their investors so I am very confident that they’ll be able to pay 5% also.
It is a lot of better than on a bank account for sure; the 4.08% (or up to 5.1%) is sustainable but it is also not the highest in the market. I have put around 0.1 BTC in freebitco.in a couple of years ago to profit from the interest and I will keep it in there until I really need it. Whoa ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) That's a huge amount to put on a gambling site for "savings". I am sure you know "not your keys not your coins". Although freebitco.in is a trusted gambling site and we have our emotions attached to it but we never know what happens. What if it get hacked or something. Losing 0.1 BTC would be a pain.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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babygun
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May 03, 2022, 03:02:23 PM |
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Whoa ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) That's a huge amount to put on a gambling site for "savings". I am sure you know "not your keys not your coins". Although freebitco.in is a trusted gambling site and we have our emotions attached to it but we never know what happens. What if it get hacked or something. Losing 0.1 BTC would be a pain. I know it is big amount to put on a gambling site but I still trust them with it. It has been over 3 years since I have deposited it and never experienced any issues. Even if they get hacked, I would hope that they refund something but I should probably rethink my strategy. I have some other coins spread out, but many of them are on exchanges also... It is going against all the advice that we give to all new people that get involved in crypto so I need to work on a plan to fix that.
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Captain Corporate
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May 03, 2022, 03:42:35 PM |
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The further greater thing is that, by logic, if they keep doing this, they have to give all 21 million to their users eventually. That is exactly what this means, obviously, the users withdraw, but if nobody ever withdrew, then the amount they have ot pay keeps growing more and more and more eventually reaching 21 million, obviously, this is the technical approach. We all know that between all the people who are gambling, and the withdrawing, we are not going to have anything remotely close to that, this is just the math behind it to make sure that people realize how amazing what they are doing is.
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PawGo
Legendary
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Activity: 952
Merit: 1373
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May 03, 2022, 03:46:33 PM |
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The further greater thing is that, by logic, if they keep doing this, they have to give all 21 million to their users eventually. That is exactly what this means, obviously, the users withdraw, but if nobody ever withdrew, then the amount they have ot pay keeps growing more and more and more eventually reaching 21 million, obviously, this is the technical approach. We all know that between all the people who are gambling, and the withdrawing, we are not going to have anything remotely close to that, this is just the math behind it to make sure that people realize how amazing what they are doing is.
OMG what a sentence. I am not sure if I understood a half. But why do you talk about 21mln? There are 10999 mln tokens circulating (as they wrote there: https://coinmarketcap.com/currencies/funtoken/)
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wiss19
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May 03, 2022, 06:39:32 PM |
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@iv4n congratulations buddy for great step towards FUN locking. Since I’m already premium member and enjoying the benefits I would say you gonna enjoy it a lot. If you are able to invest this much amount then definitely save up more than 30k satoshi in BTC balance and earn the interest. I assume you will have hiked interest rate of 25 straight up with this much FUN savings. Free spins gonna get you cool 4ks multiple times. With increased number of free spins we do get higher chances. Hope you will share your stats in future too so that our fellow members can understand premium membership benefits. Well executed!
Do you really support doing that? I mean I feel like there is a good case to be made about being liquid and not being locked anywhere. I was considering combining a few facts all together, encash 100k when it reaches there, put another 100k of my own money, have 200k, then get 125k and lock that. All of these combined should be making me a good amount of return in the long run if I lock it but that would be a huge amount for me and I do not know if I really feel comfortable with my money locked, what happens if I can't pay for something and need this money? That would be a bad situation to be in at that point but I am not entirely sure if it will be too bad considering how much I would get back eventually.
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dwyane36
Legendary
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May 03, 2022, 10:58:59 PM |
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I cannot imagine someone investing $1000000 into FUN tokens just for 16 free WOFs ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I think that any number of spins of the wheel of fortune is not very interesting for those users who have 1 million dollars. At the same time, it's worth noting that freebitcoin is time-tested, and users have already locked more than 1.2 billion tokens on the site. So there is a possibility that someone might take the risk and invest $1 million in FUN tokens to lock it on the freebitcoin site. This might not be such a bad idea given that the annual interest is up to 25%.
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babygun
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2022, 11:42:25 PM |
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I cannot imagine someone investing $1000000 into FUN tokens just for 16 free WOFs ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I think that any number of spins of the wheel of fortune is not very interesting for those users who have 1 million dollars. At the same time, it's worth noting that freebitcoin is time-tested, and users have already locked more than 1.2 billion tokens on the site. So there is a possibility that someone might take the risk and invest $1 million in FUN tokens to lock it on the freebitcoin site. This might not be such a bad idea given that the annual interest is up to 25%. I think he was meaning to create a new tier with 1 000 000 FUN tokens (which would be around 10,000$). The top tier currently is 500,000 FUN tokens but I don't think a lot of players have this amount of tokens. The maximum interest is, as said before, maximum 5.1 % (4.08 + 25%).
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so98nn
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2022, 04:24:30 AM |
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I cannot imagine someone investing $1000000 into FUN tokens just for 16 free WOFs ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I think that any number of spins of the wheel of fortune is not very interesting for those users who have 1 million dollars. At the same time, it's worth noting that freebitcoin is time-tested, and users have already locked more than 1.2 billion tokens on the site. So there is a possibility that someone might take the risk and invest $1 million in FUN tokens to lock it on the freebitcoin site. This might not be such a bad idea given that the annual interest is up to 25%. I think he was meaning to create a new tier with 1 000 000 FUN tokens (which would be around 10,000$). The top tier currently is 500,000 FUN tokens but I don't think a lot of players have this amount of tokens. The maximum interest is, as said before, maximum 5.1 % (4.08 + 25%). Yeah, thats huge interest as compared to my bank. Lolz. So I think freebitco is already doing great job by spending this much interest rate on users holding. I mean bitcoin is volatile but irrespective of that Freebitco is giving this interest is really bold and daring. Have you guys ever thought what if the bitcoin prices drop drastically? Imagine the level of management this has got. I think 500K holding is enough and that much interest rate is also fine. What do we have to loose anyways.
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swogerino
Legendary
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Activity: 3262
Merit: 1244
"Play Poker on Telegram"
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May 04, 2022, 07:14:21 AM |
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I have started to wager little by little as I have noticed that if you gamble 10.000 Satoshis usually this in wagering amount is 17x to 20x of the total value,so I imagine like gambling 100.000 Satoshis and getting at least 3-4 Golden tickets this way plus the Reward points and the Lottery tickets by doing so,if I do this when a bonus is ongoing then the Reward Points are multiplied by the number of the bonus given.Is this a good strategy or is better to buy FUN with these amounts,I used to buy FUN before but now I am liking more this approach.What do you guys say?
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Emitdama
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May 04, 2022, 10:42:45 AM |
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snip
That will be too big for the investors and I think they will invest FUN tokens in other places such as exchanges because they can get another benefit as the investor in the exchanges. Besides that, I can not imagine how big their chances of winning from the free spins are if they invest 1 million FUN. Maybe that person will get many good rewards from Freebitco.in. It's big but it's possible and you don't wonder why he asks it? Maybe he is a rich guy and he already availed of the current plans that is seen on freebitco but he is looking for more. Why will they invest it in other places when fun tokens are more optimized on freebitco? They cant get juicy rewards on other sites. No one invests inside the exchange because that is risky to store coins there for a long time as exchanges are prone to hacks but investing is only being done inside a private wallet. The highest current plan on freebit already offers a good number of spins but the difficulty of getting better prizes is still high and won't be far even if someone deposits 1 million fun tokens.
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freebitco.in PR
Copper Member
Member
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freebitco.in Official PR Account
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May 04, 2022, 11:52:24 AM |
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Bitcoin Price Betting - MayBitcoin posted a 17% decline in the month of April; the current price action suggests BTC is raring to make a move on the crucial $40,000 resistance. Can Bitcoin kickstart a month of positivity? Or will the $40,000 level again be the thorn in BTC's side this month? Predict where the Bitcoin Price will be at 23:59 UTC on May 31 and win BTC at FreeBitco.in! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fsirv.freebitco.in%2F1651664986_88Sw3drx.png&t=665&c=VZm0X0Re8luoVw)
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ipanks
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2022, 12:20:40 PM |
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snip
I don't know if the Whales are using many FUN tokens on the gambling site. But if it is in the exchange, I think many Whales have invested in the project and keep the token in other wallets or still use the exchange to store their token. What is clear, those people want to get more benefits later. snip
We don't know how it will turn out because we are not the ones who deposited 1 million FUN tokens and we also don't know how good a chance we can have by investing that amount. But yes, investing anywhere must have risks and it will depend on each investor. If they are rich people and are used to risking loss, they will try to invest there.
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pawanjain
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2022, 12:45:01 PM |
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The further greater thing is that, by logic, if they keep doing this, they have to give all 21 million to their users eventually. That is exactly what this means, obviously, the users withdraw, but if nobody ever withdrew, then the amount they have ot pay keeps growing more and more and more eventually reaching 21 million, obviously, this is the technical approach. We all know that between all the people who are gambling, and the withdrawing, we are not going to have anything remotely close to that, this is just the math behind it to make sure that people realize how amazing what they are doing is.
I don't think that's how it works. Freebitco.in will only pay the users until their bankroll is not completely empty. Obviously they would have thought this through already and will have a threshold limit after which they would announce that freebitco.in is going bankrupt. May be after that announcement they will stop the operations for the time being and pay all the users their money. May be once all of that is over they will raise funds and start their operations again but certainly they won't be so dumb to keep putting BTC in user's accounts until 21 million BTC lol. That sounds absurd
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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iv4n
Legendary
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May 04, 2022, 01:00:57 PM |
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I have started to wager little by little as I have noticed that if you gamble 10.000 Satoshis usually this in wagering amount is 17x to 20x of the total value,so I imagine like gambling 100.000 Satoshis and getting at least 3-4 Golden tickets this way plus the Reward points and the Lottery tickets by doing so,if I do this when a bonus is ongoing then the Reward Points are multiplied by the number of the bonus given.Is this a good strategy or is better to buy FUN with these amounts,I used to buy FUN before but now I am liking more this approach.What do you guys say?
Gambling is always a risky business! I wager from time to time for fun, and sometimes I was really close to busting my amount (which is usually around 50-100k satoshis) when I get into a long losing streak! So I prefer to buy Fun tokens instead! It's not like a totally safe option in my case, sometimes it's more fun to gamble with FUN tokens on DPlay, a bigger choice of games, including slots! It's why Freebitcoin is interesting, there're many options and different things to chase! I guess anything is good if someone has control and a good approach! Of course, with some nice capital!
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dezoel
Legendary
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Leading Crypto Sports Betting & Casino Platform
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May 04, 2022, 05:06:38 PM |
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Maybe they receive "rewards" just for not playing at all? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I wonder if there are any whales with an insane amounts of FUNs. And I also wonder if people still use external platforms (like exchanges, binance etc) to trade FUN tokens. And if yes - then why? Just for speculation? I have to say there is a good case to be made about getting players back, because new players are unknown, and old players who are still playing are here, but getting the players who quit to comeback would mean that they were here once a while and it wouldn't take too much to convince them to get back and that should be a good amount of money to cover as well. I cannot say that it will work or it will not work but it is a good idea. Rewarding them for not playing is not the case here, convincing them to come back for whatever reason they quit and just gamble a bit more to light that fire again and earn some more money from those people would be the key here.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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babygun
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May 04, 2022, 05:08:49 PM |
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I have started to wager little by little as I have noticed that if you gamble 10.000 Satoshis usually this in wagering amount is 17x to 20x of the total value,so I imagine like gambling 100.000 Satoshis and getting at least 3-4 Golden tickets this way plus the Reward points and the Lottery tickets by doing so,if I do this when a bonus is ongoing then the Reward Points are multiplied by the number of the bonus given.Is this a good strategy or is better to buy FUN with these amounts,I used to buy FUN before but now I am liking more this approach.What do you guys say?
You need to wager at least 500 000 satoshi before you get a golden ticket (you could buy one ticket for 25000 satoshi). For every 500 satoshi you wager, you get 1 RP and 1 lottery ticket. Difficult to tell which is really the best approach, I would try to do some calculations to see which gives you the most benefit.
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PawGo
Legendary
Offline
Activity: 952
Merit: 1373
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2022, 07:14:15 PM |
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Maybe they receive "rewards" just for not playing at all? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I wonder if there are any whales with an insane amounts of FUNs. And I also wonder if people still use external platforms (like exchanges, binance etc) to trade FUN tokens. And if yes - then why? Just for speculation? I have to say there is a good case to be made about getting players back, because new players are unknown, and old players who are still playing are here, but getting the players who quit to comeback would mean that they were here once a while and it wouldn't take too much to convince them to get back and that should be a good amount of money to cover as well. I cannot say that it will work or it will not work but it is a good idea. Rewarding them for not playing is not the case here, convincing them to come back for whatever reason they quit and just gamble a bit more to light that fire again and earn some more money from those people would be the key here. Interesting. Isn't it like freebitco is kind of 'dinosaur' site? Old, looks like website from 90's etc? And people tend to use more "colorful" casinos/games? I think that's why they have now dplay and cr. I understand that at the beginning you may like "free sats" every hour, but at the end if you do not bet ("multiply" game is a joke, no?) you look for something different. Even if (for example) wolf.bet has kind of "dice" game, it looks more attractive. And it is told by me, guy who remembers 8bit games ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But I understand some people like to look at "nice" sites.
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decodx
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May 04, 2022, 08:18:39 PM |
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The further greater thing is that, by logic, if they keep doing this, they have to give all 21 million to their users eventually. That is exactly what this means, obviously, the users withdraw, but if nobody ever withdrew, then the amount they have ot pay keeps growing more and more and more eventually reaching 21 million, obviously, this is the technical approach. We all know that between all the people who are gambling, and the withdrawing, we are not going to have anything remotely close to that, this is just the math behind it to make sure that people realize how amazing what they are doing is.
I don't think that's how it works. Freebitco.in will only pay the users until their bankroll is not completely empty. Obviously they would have thought this through already and will have a threshold limit after which they would announce that freebitco.in is going bankrupt. May be after that announcement they will stop the operations for the time being and pay all the users their money. May be once all of that is over they will raise funds and start their operations again but certainly they won't be so dumb to keep putting BTC in user's accounts until 21 million BTC lol. That sounds absurd Or they might just cancel (or at least reduce) the bonuses associated with bitcoin staking. Obviously, they are not obliged to do so indefinitely. It's a business decision. As long as they can see a way to maintain profitability, they will be good with it. But sooner or later it will be to their advantage to eliminate or reduce these bonuses because it is not the core of their business model. They will have to find new ways to attract more new people to their system.
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dabbur
Jr. Member
Offline
Activity: 116
Merit: 1
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2022, 09:49:09 PM |
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It is a lot of better than on a bank account for sure; the 4.08% (or up to 5.1%) is sustainable but it is also not the highest in the market. I have put around 0.1 BTC in freebitco.in a couple of years ago to profit from the interest and I will keep it in there until I really need it.
Could you tell what alternatives are? I know freebitco is not a bank nor place to treat as a saving account, but it interesting feature. And as FUN token price becomes quite stable last months (a few % change, not hundreds of %), locking is also an option. If you have some spare btc and you are willing to store them at sites where you dont own the private keys (like at freebitco, remember if you dont own the private keys its not really your money) than there are better sites with higher interests. At stakecube I get 7.572% yearly for btc, ltc and dash. They are also paying this for years and never had trouble with deposit or withdraws.
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