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

[hd49728]

In a press release from the SEC, Chair Gary Gensler stated, "Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures and safeguards required by our securities laws. Today’s action should make clear to the marketplace that staking-as-a-service providers must register and provide full, fair, and truthful disclosure and investor protection."
https://www.sec.gov/news/press-release/2023-25

The idea to launch new regulation in this area is good and I support the idea to force companies in cryptocurrency industry to provide better services, more transparency and reduce risk on investors. However, SEC likely went too far and thought they are like God. If they want to punish Kraken, they must have terms and guides about that in the past. In reality, they had nothing about it and their press release against Kraken is non sense.

Shortly after that, Chair Gary Gensler made a short video to explain about it and it is not a first time he did that. I felt like he is a person who very obsesses with power and reputation. He minds more on his reputation, power and impacts on others and don't actually mind about what he can contribute for SEC and regulations on cryptocurrency.

So, the focus is not solely on staking, but encompasses all comparable services that provide investment contracts in return for investors' tokens. Sure, I get what you're saying. The SEC's move could definitely hurt the crypto market as a whole, causing a dip in demand and, potentially, a drop in value. But, on the bright side, regulations can also help make the market more stable and trustworthy, which could be beneficial in the long run.

They are trying to hurt cryptocurrency market but in the USA, they are not the only governmental agency to be responsible for it. They are not God in cryptocurrency market and will never be.

[virasog]

They are trying to hurt cryptocurrency market but in the USA, they are not the only governmental agency to be responsible for it. They are not God in cryptocurrency market and will never be.

They can only control the US Market and all these bans and regulation will be limited to the US only. Yes, there will be temporary price dumps and panic in the market on this news but then in the long run the crypto will continue to grow specially outside of the US.

It will have no impact on crypto gambling and not even on the gambling tokens like Fun token. Yes, on every price dump we can accumulate the fun tokens as all the gambling tokens will explode to all time high in the next bull market.

[buwaytress]

^ I wouldn't say there's no risk to anything, product or service, if it's crypto. Regulations have a funny way of meeting the requirements of those who made them up in the first place. Sure, to protect the (regular) consumer, but generally to benefit their positions. That said, I know too many people who've been hurt by their carelessness so at the same time, I would have to say I support regulations... because people can't seem to protect themselves.

Bitcoin, if used properly, doesn't have to be a problem even with regulations.

[klidex]

This may not have a direct effect on freebitco but this will have a bad impact in the overall crypto which can then affect them because their users might consider saving their Bitcoins for a while than spending/betting it because its value is still dumping.

How can such a thing have such a bad impact on all crypto including Bitcoin.
Precisely if the user considers saving Bitcoin more than spending or using it as a bet, it will be able to make the price of bitcoin or other crypto stable and the use or trading of Bitcoin will not affect the price of Bitcoin or even other crypto.
Because in my opinion this problem will only have a bad impact on freebitcoin not on other things related to cryptocurrency.

[Betwrong]

We still have plenty of time till Oscars, and I'm waiting for the betting options for this event on FreeBitco.in as well. In previous years we used to have many categories to bet on. I don't remember how many, but more than 5, I'm sure. It's been always one of my favourite kinds of betting, because I love watching good movies, and there are always many of really good movies among Oscar nominations.

To tell the truth, I always lose some money when betting on Oscars. I'm never in profit from this, but it's so entertaining that I will never stop betting on the Academy Awards. I might lose several bucks, but the fun is worth it. Hopefully, we'll get it on FreeBitco.in this year.

I remembered the time during the Will Smith fiasco, there were some comments that mentioned almost everyone forgot or couldn't give a toss about the Oscars until it happened.

And I remember the film Parasite (2019) winning in the Best Picture category, and the odds for this film on FreeBitco.in were above 3.00. I didn't win my bet back then, because I bet on fkn Joker, although I loved Parasite, and still love it. I just couldn't imagine that the world was so fair that such a great movie could win. Apparently, I was wrong. ...

But since neither @freebitco.in PR, nor @TheQuin are replying to our requests about the option of betting on Oscars, I'm starting to think that there will be no such option this year.

[freebitco.in PR]

Weekly Lottery - Win Up To $7,500 in BTC on Sunday!

Every week, 10 lucky FreeBitco.in users win a share of $7,500 in BTC through the Weekly Lottery.

These are the TEN LUCKY WINNERS from last week (Round 402) that took home the prizes.

[uneng]

This may not have a direct effect on freebitco but this will have a bad impact in the overall crypto which can then affect them because their users might consider saving their Bitcoins for a while than spending/betting it because its value is still dumping.

How can such a thing have such a bad impact on all crypto including Bitcoin.
Precisely if the user considers saving Bitcoin more than spending or using it as a bet, it will be able to make the price of bitcoin or other crypto stable and the use or trading of Bitcoin will not affect the price of Bitcoin or even other crypto.
Because in my opinion this problem will only have a bad impact on freebitcoin not on other things related to cryptocurrency.

Such events can have negative impacts on bitcoin and all services and products attached to it somehow, because bad news can discourage investors from continuing their investments in cryptocurrencies, especially now because US investors won't be able to stake anymore. There are serious risks the market faces a fall in prices and demand. Platforms like freebitco.in are indirectly affected, although bets' traffic must remain the same, since gamblers aren't worried about market's fluctuations. They place their bets pegged to costs in dollar.

There is something I want to understand for those Russians all those figures that is being there are using that those figures are the figures that he'll be used to play a bird in freebitco all those figures are the figures that been to the people that win a record or an award for the platform so I need more clarification for now let me understand what is happening

What?

[slaman29]

Damn. What a round of lottery, 2 winners there pocketing with such small amounts. In that list, only 2 people had more tickets than me too, so I'm feeling pretty disappointed with myself lol.

I had almost 80k tickets, hehe you can blame the 4xRP rewards for that which came 2 in a row, but the RP itself was nice I guess, along with a few more spare GTs!

[FanEagle]

This may not have a direct effect on freebitco but this will have a bad impact in the overall crypto which can then affect them because their users might consider saving their Bitcoins for a while than spending/betting it because its value is still dumping.

How can such a thing have such a bad impact on all crypto including Bitcoin.
Precisely if the user considers saving Bitcoin more than spending or using it as a bet, it will be able to make the price of bitcoin or other crypto stable and the use or trading of Bitcoin will not affect the price of Bitcoin or even other crypto.
Because in my opinion this problem will only have a bad impact on freebitcoin not on other things related to cryptocurrency.

Such events can have negative impacts on bitcoin and all services and products attached to it somehow, because bad news can discourage investors from continuing their investments in cryptocurrencies, especially now because US investors won't be able to stake anymore. There are serious risks the market faces a fall in prices and demand. Platforms like freebitco.in are indirectly affected, although bets' traffic must remain the same, since gamblers aren't worried about market's fluctuations. They place their bets pegged to costs in dollar.

I am guessing that "bad news" could, but this isn't bad news about crypto, this is bad news for kraken that's it, and maybe coinbase if they offer something like that. General crypto will not be any way or shape impacted by this, and freebitco.in will not be affected by this at all, it is something super simple for them, they are not based in usa, so they do not care.

When you are not bound by the laws of different nations, you can just ignore them and do what you do, and we are doing as well as we could hope for with interest here anyway, it's definitely good. I hope it continues and they don't stop because of this news, that would be bad but otherwise this is nothing.

[dwyane36]

Damn. What a round of lottery, 2 winners there pocketing with such small amounts. In that list, only 2 people had more tickets than me too, so I'm feeling pretty disappointed with myself lol.

I had almost 80k tickets, hehe you can blame the 4xRP rewards for that which came 2 in a row, but the RP itself was nice I guess, along with a few more spare GTs!

On the one hand, it is disappointing, and it seems unfair that someone with only 41 tickets managed to win a prize in the lottery while you with 80k tickets won nothing. On the other hand, you shouldn't be surprised by this because lottery winners are determined randomly. In addition, if you look at the total number of tickets in that round, you'll notice that your chance of winning something was only 0.46%, and that's obviously very low.

[Flexystar]

The lottery is real gamble on freebitcoin. I have literally disabled it after couple of years tries since it’s not my thing anyways. So many rounds in two years and in between I have also tried to wager more than enough to get 50-60k lottery tickets. When I entered the freebitcoin it was actually my thing, I kept myself motivated a lot and tried to get as much lottery tickets as I could. Anyways, I have disabled it due to no luck or it’s just my type of gambling anymore.

This is why I have diverted my focus on accumulating more RP and Sats by free roll plus multiply wager. I never miss 4x promotions and will try to multiply more between those hours. That is something relaxes me.

I’m getting very close to 200k RP’s and wish to continue my quest of reaching 1000k RP. If conditions are favourable by that time then I might just convert them to Satoshi. However, it is still my imagination. It’s gonna take years to achieve that level and convert.

In fact there should be option to remove Lottery wins from WOF and instead gain more RP and Sats. 

I know that’s not possible since it will imbalance the whole WOF and freebitcoin revenue. For now lottery not my thing. Just seeing how people are lucky to win even with 40-50 tickets.

[piebeyb]

Damn. What a round of lottery, 2 winners there pocketing with such small amounts. In that list, only 2 people had more tickets than me too, so I'm feeling pretty disappointed with myself lol.

I had almost 80k tickets, hehe you can blame the 4xRP rewards for that which came 2 in a row, but the RP itself was nice I guess, along with a few more spare GTs!

maybe you just haven't been lucky, 2 weeks ago almost the winners were the owners of a lot of tickets up to millions, now almost out of 10 winners some are only holders of fewer tickets, maybe that's what is called a fair system. congrats to the winners, hope all get a chance to win those weekly lottery prizes

[uneng]

I’m getting very close to 200k RP’s and wish to continue my quest of reaching 1000k RP. If conditions are favourable by that time then I might just convert them to Satoshi. However, it is still my imagination. It’s gonna take years to achieve that level and convert.

That is a very impressive achievement, congratulations!

But be careful, the road to 1M RPs is really long, and once you reach this mark, there are serious risks bitcoin will be on a much higher price range, what can consequently make freebitco.in's staff team to reduce the currently exchange rate of 1 RP : 1 satoshi to something like 1 RP : 0,5 satoshi.

Also, these RPs could be already generating daily interest if converted to BTC.

[babygun]

The lottery is real gamble on freebitcoin. I have literally disabled it after couple of years tries since it’s not my thing anyways. So many rounds in two years and in between I have also tried to wager more than enough to get 50-60k lottery tickets. When I entered the freebitcoin it was actually my thing, I kept myself motivated a lot and tried to get as much lottery tickets as I could. Anyways, I have disabled it due to no luck or it’s just my type of gambling anymore.

This is why I have diverted my focus on accumulating more RP and Sats by free roll plus multiply wager. I never miss 4x promotions and will try to multiply more between those hours. That is something relaxes me.

I’m getting very close to 200k RP’s and wish to continue my quest of reaching 1000k RP. If conditions are favourable by that time then I might just convert them to Satoshi. However, it is still my imagination. It’s gonna take years to achieve that level and convert.

In fact there should be option to remove Lottery wins from WOF and instead gain more RP and Sats. 

I know that’s not possible since it will imbalance the whole WOF and freebitcoin revenue. For now lottery not my thing. Just seeing how people are lucky to win even with 40-50 tickets.

I changed pretty quickly to receiving more RP instead of lottery tickets for every free roll as the RP are a lot more interesting. It would be great if you could only win RP or satoshis as the WOF (or exchange the lottery tickets for RP) but they never do that as it will not be affordable anymore for them. Personally I like lotteries and the result of last week also shows that with a minimum amount on tickets you can already win!

[slaman29]

I changed pretty quickly to receiving more RP instead of lottery tickets for every free roll as the RP are a lot more interesting. It would be great if you could only win RP or satoshis as the WOF (or exchange the lottery tickets for RP) but they never do that as it will not be affordable anymore for them. Personally I like lotteries and the result of last week also shows that with a minimum amount on tickets you can already win!

I think if I look back, especially on my personal stats, I guess there's not that much RPs wasted from freerolls. Even if you rolled 20,000 times, that's 40k RP, not really much at all. So I guess I'll still inisist to keep the tickets, thinking my turn will come in a big way, it's really weird how the mind works!

On the one hand, it is disappointing, and it seems unfair that someone with only 41 tickets managed to win a prize in the lottery while you with 80k tickets won nothing. On the other hand, you shouldn't be surprised by this because lottery winners are determined randomly. In addition, if you look at the total number of tickets in that round, you'll notice that your chance of winning something was only 0.46%, and that's obviously very low.

Duh, I know how it works, dude. I'm just sharing and commenting on the disappointment with myself, and laughing it off. No need to explain "lottery winners are determined randomly". If people are using this site and active on this section of the forum for years, and still can't understand that, then we shouldn't be here.

I wish guys like you would stop pointing out, as you yourself say, the obvious  

[swogerino]

The lottery is real gamble on freebitcoin. I have literally disabled it after couple of years tries since it’s not my thing anyways. So many rounds in two years and in between I have also tried to wager more than enough to get 50-60k lottery tickets. When I entered the freebitcoin it was actually my thing, I kept myself motivated a lot and tried to get as much lottery tickets as I could. Anyways, I have disabled it due to no luck or it’s just my type of gambling anymore.

This is why I have diverted my focus on accumulating more RP and Sats by free roll plus multiply wager. I never miss 4x promotions and will try to multiply more between those hours. That is something relaxes me.

I’m getting very close to 200k RP’s and wish to continue my quest of reaching 1000k RP. If conditions are favourable by that time then I might just convert them to Satoshi. However, it is still my imagination. It’s gonna take years to achieve that level and convert.

In fact there should be option to remove Lottery wins from WOF and instead gain more RP and Sats. 

I know that’s not possible since it will imbalance the whole WOF and freebitcoin revenue. For now lottery not my thing. Just seeing how people are lucky to win even with 40-50 tickets.

I changed pretty quickly to receiving more RP instead of lottery tickets for every free roll as the RP are a lot more interesting. It would be great if you could only win RP or satoshis as the WOF (or exchange the lottery tickets for RP) but they never do that as it will not be affordable anymore for them. Personally I like lotteries and the result of last week also shows that with a minimum amount on tickets you can already win!

The randomness is key here,out of 50.000.000 users and someone with just 41 tickets goes and win the big prize,I can't tell you that I am not jealous of such winnings,oh boy I am  as there has been several years now I am always having over 2000 tickets as a minimum and I never see my ID there,at first I got sad and bored but then I understand that everything is based on luck and me with luck,well we have a platonic love so far it seems.

[pawanjain]

I’m getting very close to 200k RP’s and wish to continue my quest of reaching 1000k RP. If conditions are favourable by that time then I might just convert them to Satoshi. However, it is still my imagination. It’s gonna take years to achieve that level and convert.

That is a very impressive achievement, congratulations!

But be careful, the road to 1M RPs is really long, and once you reach this mark, there are serious risks bitcoin will be on a much higher price range, what can consequently make freebitco.in's staff team to reduce the currently exchange rate of 1 RP : 1 satoshi to something like 1 RP : 0,5 satoshi.

Also, these RPs could be already generating daily interest if converted to BTC.

Exactly !!!

If I were at this place I would simply exchange the RPs to satoshi once I reach the minimum target of 100k RP.
One thing which is obvious is that freebitco.in would not increase the exchange limit but it may or may not decrease the exchange limit as you have mentioned.
Example: It may become 1 RP = 0.75 sats or 0.5 sats but they wont increase it to 1 RP = 1.5 sats

So it's better to exchange it now while the exchange limit is reasonably well and enjoy the 4% APY on it.
Even if Flexystar exchanges it on regular intervals of 100 RP it will just be 10 times that he will have to do it.

[beerlover]

I’m getting very close to 200k RP’s and wish to continue my quest of reaching 1000k RP. If conditions are favourable by that time then I might just convert them to Satoshi. However, it is still my imagination. It’s gonna take years to achieve that level and convert.

That is a very impressive achievement, congratulations!

But be careful, the road to 1M RPs is really long, and once you reach this mark, there are serious risks bitcoin will be on a much higher price range, what can consequently make freebitco.in's staff team to reduce the currently exchange rate of 1 RP : 1 satoshi to something like 1 RP : 0,5 satoshi.

Also, these RPs could be already generating daily interest if converted to BTC.

I would guess that even if they somehow do that, which I doubt they would, they would give a heads up, meaning they would give people a chance to cash out before that happens, like at least a week long waiting period, maybe a month. Considering he has 200k already which is above 100k encashing limit, that means if something like that ever happens, he will be able to cash out before anything changes and he will be able to just get out.

Since there is no talks about something like that happening right now, and I think price reached 68k and was still 1 rp to 1 satoshi, that means we still have a long way to go before team would ever consider changing anything.

[pawel7777]

But be careful, the road to 1M RPs is really long, and once you reach this mark, there are serious risks bitcoin will be on a much higher price range, what can consequently make freebitco.in's staff team to reduce the currently exchange rate of 1 RP : 1 satoshi to something like 1 RP : 0,5 satoshi.

Possible, but I'd be guessing, that if they were to go that route, they would first announce that the exchange rate for reward points is now variable and depends on BTC price, so it would go down progressively rather than jumping straight from 1 sat to 0.5 sats.
But that's just speculation.

[hosseinimr93]

Possible, but I'd be guessing, that if they were to go that route, they would first announce that the exchange rate for reward points is now variable and depends on BTC price, so it would go down progressively rather than jumping straight from 1 sat to 0.5 sats.

The RP exchange rate depends on BTC price.
The exchange rate has been 1 sat/RP for a long time because there are only 8 decimal places for bitcoin and the value of each RP can't be less than 1 satoshi.

Each reward point is worth 3.75% of the base reward. (Click here to see the old post made by TheQuin.)
As the base reward is $0.002, each RP should be worth $0.000075. This means that each RP should worth around 0.3 satoshi now.