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[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.

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[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.

[STT]

41 tickets is lucky but did they enter similarly every week for a decade or somehow manage this just registering this year.  If its a long term user I dont mind their excessive luck, it was earned with time more then anything else.  If they just walked in the door then paint me green, Im jealous :p so unfair lol

The BTC price is struggling to pass 25k which is the confluence of 200 week and 52 week averages, theres a few reasons its a hard hill to climb.  If we do not surmount this obstacle then it could repeat the range observed previously despite doing so well recently, unfortunate.   For this month,  the best guess for end day price would be here or lower thats more probable then not I'd guess.   A pullback and retry is still bullish but would appear to require more time, see if it can resolve its hesitancy in short order or not.

[piebeyb]

41 tickets is lucky but did they enter similarly every week for a decade or somehow manage this just registering this year.  If its a long term user I dont mind their excessive luck, it was earned with time more then anything else.  If they just walked in the door then paint me green, Im jealous :p so unfair lol

The BTC price is struggling to pass 25k which is the confluence of 200 week and 52 week averages, theres a few reasons its a hard hill to climb.  If we do not surmount this obstacle then it could repeat the range observed previously despite doing so well recently, unfortunate.   For this month,  the best guess for end day price would be here or lower thats more probable then not I'd guess.   A pullback and retry is still bullish but would appear to require more time, see if it can resolve its hesitancy in short order or not.

that's why I'm not very interested in buying a lot of lottery tickets to win the weekly ticket lottery prize, just by doing free spins every hour I can get a lottery ticket and it's collected, even though I'm unlucky I still hope next week can be lucky, after all the person holding 41 ticket is a lucky guy, so I don't really envy him

BTW it looks like the price of BTC will always be bullish until the next halving

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[Don Pedro Dinero]

that's why I'm not very interested in buying a lot of lottery tickets to win the weekly ticket lottery prize, just by doing free spins every hour I can get a lottery ticket and it's collected, even though I'm unlucky I still hope next week can be lucky, after all the person holding 41 ticket is a lucky guy, so I don't really envy him

I feel the same way, I don't see the point of buying lottery tickets. If you don't have any, the probability of winning is 0. But if you only have 1, you are already in the draw and you might get lucky. Buying tickets, if they are few, doesn't increase the probability significantly, while if you had a lot of money and wanted to buy a lot to make sure you win, you would be losing money because the lottery always gives out less in prizes than it collects, and having a large percentage wouldn't guarantee you anything either. Imagine buying 40% of the tickets and getting nothing. It would be possible.

[Strongkored]

BTW it looks like the price of BTC will always be bullish until the next halving

If there is a correction then it is just a way to make the price even higher, but will it be able that Bitcoin price to pass $30,000 this month? I hope it happens next month because I follow the BTC price prediction and my prediction is below $23,000 hopefully it will be like that and then it will go even higher.

[swogerino]

BTW it looks like the price of BTC will always be bullish until the next halving

If there is a correction then it is just a way to make the price even higher, but will it be able that Bitcoin price to pass $30,000 this month? I hope it happens next month because I follow the BTC price prediction and my prediction is below $23,000 hopefully it will be like that and then it will go even higher.

It looks like the correction it is already happening but the fact that it overtook 25.000 dollars yesterday after so many months without doing so is a big sign for me that recovery is going to come sooner rather than later so I can't wait for this to happen because I have been collecting a lot of new cryptos,like ETHW,ETHF,ZIL,RTM and of course the FUN token we all hold here which the value of these coins should go up and it is time for the people like us who kept mining and keeping such coins to make a huge profit  .

[piebeyb]

BTW it looks like the price of BTC will always be bullish until the next halving

If there is a correction then it is just a way to make the price even higher, but will it be able that Bitcoin price to pass $30,000 this month? I hope it happens next month because I follow the BTC price prediction and my prediction is below $23,000 hopefully it will be like that and then it will go even higher.

bitcoin price is doing relatively better at the moment but not that fast to push $30k in this month as you can see just breaking through $25k will take some time so I think at the moment bitcoin price will keep playing near $22k - $25k , that's just a speculation but it all comes back to the trader, I only invest in bitcoin for the long term

[Fivestar4everMVP]

BTW it looks like the price of BTC will always be bullish until the next halving

If there is a correction then it is just a way to make the price even higher, but will it be able that Bitcoin price to pass $30,000 this month? I hope it happens next month because I follow the BTC price prediction and my prediction is below $23,000 hopefully it will be like that and then it will go even higher.

bitcoin price is doing relatively better at the moment but not that fast to push $30k in this month as you can see just breaking through $25k will take some time so I think at the moment bitcoin price will keep playing near $22k - $25k , that's just a speculation but it all comes back to the trader, I only invest in bitcoin for the long term

The spike we saw between Wednesday and Thursday was really amazing I must say, I sold some bitcoin at the price of $22,100 because i was expecting the price to dip since i watched it go from $21,500 to the price of $22,100, I was ok and waiting to buy back on the dip, but amazingly, checked back some 30 to 45 minutes later, and saw the price of bitcoin at $24,700.
I was happy and sad at the same time..
happy because i still had some bitcoins left which i bought i at a much lower price..
Sad because the bitcoins i sold where sold i a lower price and i will have to wait much longer now to buy back, and this is if it returns below $22,100 again.

And i do agree with your speculation  anyway.

[dwyane36]

BTW it looks like the price of BTC will always be bullish until the next halving

If there is a correction then it is just a way to make the price even higher, but will it be able that Bitcoin price to pass $30,000 this month? I hope it happens next month because I follow the BTC price prediction and my prediction is below $23,000 hopefully it will be like that and then it will go even higher.

It's still more than a year away from the next BTC halving, but the recent BTC pump up to $25k could really be a potential harbinger of a bullish trend. If that's the case, we can assume that $15.5k was the bottom, and we will never see BTC below that level again. As for betting, I wouldn't expect BTC to reach $30k by the end of this month. The range of $25k to $27.5k will probably be preferable to place bets on the freebitcoin site this time.

[pawanjain]

BTW it looks like the price of BTC will always be bullish until the next halving

If there is a correction then it is just a way to make the price even higher, but will it be able that Bitcoin price to pass $30,000 this month? I hope it happens next month because I follow the BTC price prediction and my prediction is below $23,000 hopefully it will be like that and then it will go even higher.

It's still more than a year away from the next BTC halving, but the recent BTC pump up to $25k could really be a potential harbinger of a bullish trend. If that's the case, we can assume that $15.5k was the bottom, and we will never see BTC below that level again. As for betting, I wouldn't expect BTC to reach $30k by the end of this month. The range of $25k to $27.5k will probably be preferable to place bets on the freebitcoin site this time.

The ideal range would be either $22.5k - $25k or $25k - $27.5k the latter being the riskier.
We have seen the price was dumped at $25k and currently fluctuating around $24k.
I guess this time it is easier to bet on ETH price since the price is in the ideal range of $1500 - $1750.
Most probably it will stay in the same range until the end of the month.

[Mahdirakib]

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.

They aren't going to decrease the exchange rate of RP. Because we receive most of the RP by playing the multiply BTC game. And the wagering ratio for getting 1 RP remains same always. We (some forum members) had some discussions about it with TheQuin a few months ago when Bitcoin price was above $50k. Anyway, it is always better to exchange the RP into BTC for getting the benefits of 4% APY.

[bitgolden]

41 tickets is lucky but did they enter similarly every week for a decade or somehow manage this just registering this year.  If its a long term user I dont mind their excessive luck, it was earned with time more then anything else.  If they just walked in the door then paint me green, Im jealous :p so unfair lol

The BTC price is struggling to pass 25k which is the confluence of 200 week and 52 week averages, theres a few reasons its a hard hill to climb.  If we do not surmount this obstacle then it could repeat the range observed previously despite doing so well recently, unfortunate.   For this month,  the best guess for end day price would be here or lower thats more probable then not I'd guess.   A pullback and retry is still bullish but would appear to require more time, see if it can resolve its hesitancy in short order or not.

I think it is possible to enter for a long time with a small amount, when you gamble you can get about 50 to 100 tickets a week from just gambling small amounts, so it's not really a big deal, and it considers wagering as well, which means that you may end up with something in the long run if you keep doing that.

I think it is ok if we can't break it, because it will drop a bit more, try again later, if failed then repeat and eventually one day it will pass it. That is why I am not worried about it, maybe it hasn't passed it today but it will pass it eventually and knowing that makes me feel comfortable about all of this, definitely doesn't make me invest any less.

[dwyane36]

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.

They aren't going to decrease the exchange rate of RP. Because we receive most of the RP by playing the multiply BTC game. And the wagering ratio for getting 1 RP remains same always. We (some forum members) had some discussions about it with TheQuin a few months ago when Bitcoin price was above $50k. Anyway, it is always better to exchange the RP into BTC for getting the benefits of 4% APY.

You're right. The RP exchange rate and wagering size for getting 1 RP in the hi/lo game didn't change even when BTC was $68k. However, I guess if BTC rose to $250k-$500k one day, the freebitcoin team would probably make some adjustments. Even if the freebitcoin team doesn't plan to change the RP exchange rate, they will at least continue to reduce the size of all prizes in the wheel of fortune, including the RP prize. The prize would probably be only 1-2 RP in that case.

[slaman29]

Playing freerolls for the past week has been some kind of crazy, seeing 9 sats to 8 sats, doesn't seem much at all but it's a big idea of how much price has been changing the past few days especially. I'm getting quite a lot of bonus from wager too so it's actually more like a difference of 10 sats for me in those swinging times!

Anyone else kinda miss seeing 10 sats per roll? I don't even want to talk about seeing 100 a few years ago only lol

[UserU]

Playing freerolls for the past week has been some kind of crazy, seeing 9 sats to 8 sats, doesn't seem much at all but it's a big idea of how much price has been changing the past few days especially. I'm getting quite a lot of bonus from wager too so it's actually more like a difference of 10 sats for me in those swinging times!

Anyone else kinda miss seeing 10 sats per roll? I don't even want to talk about seeing 100 a few years ago only lol

Same here but well, business is still business. We gotta wager more to enjoy them. My base is 78 Sats sans the booster.

Sometimes I just place some bets for some cheap thrills and maintain the bonus.

With the price of BTC, gone were those days.

[uneng]

Playing freerolls for the past week has been some kind of crazy, seeing 9 sats to 8 sats, doesn't seem much at all but it's a big idea of how much price has been changing the past few days especially. I'm getting quite a lot of bonus from wager too so it's actually more like a difference of 10 sats for me in those swinging times!

Anyone else kinda miss seeing 10 sats per roll? I don't even want to talk about seeing 100 a few years ago only lol

Same here but well, business is still business. We gotta wager more to enjoy them. My base is 78 Sats sans the booster.

Sometimes I just place some bets for some cheap thrills and maintain the bonus.

With the price of BTC, gone were those days.

78 satoshis is a pretty decent amount to claim every hour with just one click.

Here I've seen a drop from 45 satoshis base reward to 32 satoshis right now, after the recent pump in btc price. I believe once bitcoin hit higher price levels futurely, it will be like we are claiming 0,10$ for free every hour as base reward (that is, if bitcoin grows x10 yet).