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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 597089 times)
Cointxz
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May 26, 2024, 02:12:02 PM
 #29081

The promotional posts in this forum are completely automated.


Nope, all the post needs to be manually made before it can be scheduled post here so it means there’s still someone controlling it to do the marketing post.

Quote
#2 - The quinn is ill, or has other life problems. The worrying thing is the absolute lack of contingency plans they have in place if this is the case. This is what always worried me about these guys, despite the fact they are long standing and handle millions and millions of dollars worth of Bitcoin, they are a tiny amateur operation. If shit hits the fan (assuming it already hasn't), then they have nothing in place to ensure the safety of users funds. As I said before, if the two people who operate the site got hit by a bus tomorrow, everyone can kiss their funds goodbye.

This is not possible since thequin is casually logging in his account ever since the first issue post here on the thread. His last login was 3 days ago which you can track in his profile https://bitcointalk.org/index.php?action=profile;u=143168

Quote
#3 - The third option is that shit has already hit the fan, user base could be dwindling and the site may no longer be making a sufficient profit to make it sustainable. Who knows, maybe the Quinn has already jumped ship and the site is as good as abandoned already. Or, if there is serious financial difficulty with them, it's possible this is the beginning of the end and users should strongly consider withdrawing all their money.

The casino is still running smoothly based on their lottery while there’s no much issue reported here aside from these isolated case so I doubt this is what happening right now.

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hosemary
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May 26, 2024, 03:24:14 PM
 #29082

I tried to login to my account on a new device and I should say that I have the same problem as some other users have posted about recently. I don't get the authorization email.
It may worth mentioning that I am getting the promotional emails without any problem.

CLOUDBET
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Saint-loup
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May 26, 2024, 03:47:21 PM
Last edit: May 26, 2024, 03:57:40 PM by Saint-loup
Merited by NABiT (1)
 #29083

They offer 4-5% APY on Bitcoin, remember that. Their investment method is different from others, they offer you a guaranteed 4-5% APY, you don't have to worry about house vs players (Bustabit on the other hand, offers you an investment option where the more the house wins, the higher profit you'll have). Also, you have to consider that Freebitco pays you daily and pays you, doesn't matter whether player beats the house or not. I think that with this terms, 4-5% APY from casino is a very good deal, especially when you can withdraw anytime you wish.
Btw as you see, their FUN token pays up to 25% but it has mostly failed, price goes down and I don't think many people are in profit because of that. FUN's APY might look more attractive but financial-wise, Bitcoin's 4-5% APY is the best.
You're right but it's not anymore a matter of big players being able to regularly beat the house and draining out platform's funds actually, it's about risks of closing the doors of the platform without warning, and exiting with part of customers funds. This risk doesn't seem to be the same as the one it use to be for me, casino representatives are quiet since several weeks now and nobody knows why, sadly. This is starting to become a bit concerning IMO, so personally I wouldn't say to someone else it is worth 5% APY to leave large amount of funds there, especially if they can't afford to lose them.

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May 26, 2024, 04:17:06 PM
 #29084

there are 2 types of withdrawal verifications on freebitco.in

[1] for accounts that have been activated with 2FA = no need for confirmation-link email

[2] for accounts that haven't been activated with 2FA = confirmation-link email

=====

currently, users with accounts that haven't been activated with 2FA ARE FACING THE DELAYED VERIFICATION EMAIL!

the problem = confirmation-link email arrives 12-24 hours LATE
(you need to click the confirmation-link WITHIN 1 HOUR)

The link will only be valid for the next 1 hour.

If the payment request is not confirmed in 1 hour, it will automatically be cancelled and the amount will be added back to your balance.

=====

WHY CAN't THEY FIX THIS EMAIL PROBLEM?
GinnyBanzz
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May 26, 2024, 05:07:18 PM
 #29085


Huh? so 400k users, which is what I said - tens, or hundreds of thousands of users. Looks like reading comprehension isn't your strong point.
uneng
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May 26, 2024, 05:28:02 PM
 #29086

Casino bankroll investment has already returned 20%-50% profit yearly to investors in the past at Crypto-Games.com, so I guess the 4%-5% APY margin offered by freebitco.in is pretty conservative considering this category of investment. For those who don't know, part of the money we deposit in freebitco.in to earn daily interest is used by the platform to fund their gambling bankroll.

- I quote this for reflexion. Just in case.
Feel free to share your reflexion with more accuracy and details regards this matter any time you wish.

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Pissedoff@u
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May 26, 2024, 09:41:06 PM
 #29087

I WANT MY FUCKING 500 DOLLARS THAT WAS STOLEN AFTER WINNING THE WAGERING CONTEST FIX IT DIP SHIT @THEQUINN
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May 26, 2024, 09:44:51 PM
 #29088

@THEQUINN YOUR A THIEF
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May 26, 2024, 10:07:34 PM
Last edit: May 27, 2024, 10:03:11 PM by Mr. Big
 #29089

@THEQUINN YOUR A THIEF

Last login for @thequin may 23rd



53314860
  Wager Contest WINNER AND VICTIM

500 MR QUIN
FinneysTrueVision
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May 26, 2024, 10:33:03 PM
 #29090

I tried to login to my account on a new device and I should say that I have the same problem as some other users have posted about recently. I don't get the authorization email.
It may worth mentioning that I am getting the promotional emails without any problem.

There is something wrong with their email service. I am not getting emails for when my locked token periods reach expiration. Since our premium transaction history isn’t updated in real time, I was relying on the data from the emails to keep track of my profits on a spreadsheet. I have actually not made a profit yet, after 3 years, but it was still nice to have data available to determine how much longer I need until I can finally divest from their token without such a huge loss.

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Nicosusuki
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May 27, 2024, 12:28:58 AM
 #29091

Has anyone got successful in withdrawing recently?
ixi1234
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May 27, 2024, 03:16:43 AM
 #29092

Has anyone got successful in withdrawing recently?

withdrawals work if you don't need email confirmation. email with a link to confirm the withdrawal arrives with a delay of 12-24 hours
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May 27, 2024, 07:41:47 AM
Last edit: May 27, 2024, 07:57:37 AM by FinneysTrueVision
 #29093

Like clockwork, every 7 days the lottery list gets published by the FreeBitco.in twitter account, except this past Sunday they did not publish it for the first time in as long as I can remember. They’ve had this provably fair system since 2018 where the ticket list gets automatically posted on twitter. Something is clearly going wrong and the community which has trusted them with their BTC deserve some answers.

They could easily make a statement saying they are upgrading their servers or something and that’s why they have problems with emails and the lottery. By staying silent it only creates speculation that they might be in the process of exit scamming.

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May 27, 2024, 08:08:30 AM
 #29094

Like clockwork, every 7 days the lottery list gets published by the FreeBitco.in twitter account, except this past Sunday they did not publish it for the first time in as long as I can remember. They’ve had this provably fair system since 2018 where the ticket list gets automatically posted on twitter. Something is clearly going wrong and the community which has trusted them with their BTC deserve some answers.

They could easily make a statement saying they are upgrading their servers or something and that’s why they have problems with emails and the lottery. By staying silent it only creates speculation that they might be in the process of exit scamming.

I also noticed this yesterday. The list usually appeared after about 2 hours. And now it's been over 12 hours and there's nothing.

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May 27, 2024, 08:28:44 AM
 #29095

Casino bankroll investment has already returned 20%-50% profit yearly to investors in the past at Crypto-Games.com, so I guess the 4%-5% APY margin offered by freebitco.in is pretty conservative considering this category of investment. For those who don't know, part of the money we deposit in freebitco.in to earn daily interest is used by the platform to fund their gambling bankroll.

- I quote this for reflexion. Just in case.

For a casino investment, offering 4% to 5% APY is quite low, in my opinion. Considering that casino investments are risky, it should be higher than that. Personally, I would take my money somewhere else where the risks are lower. In fact, banks in our country attract deposits by offering probably higher rates for time deposits per annum, so the percentage posted here is honestly quite low for an investment categorized as high risk.
Absolutely right and it's like you took the words off my mind, investing In casino's bankroll is like investing in degen meme coins; if I am allowed to compare this to crypto currency investment, the risk of doing this is very high, and looking at industry standards, risky investment usually come with a very much higher APY, this is what attracts investor to take the risk of participating in such investment, that is them making sure that the reward is worth the risk, because the more riskier something is, the more reward is pays out to those who were or are steel balled enough to take the risk.

The APY freebitco is offering for their bankroll investment is pretty low at 4% to 5%, if we should look around, we will find several investment opportunities with much lower risk compared to this, and with a much higher reward as well.

But all the same, I guess there are several people who won't even put this things in check or consider it all, they will just go ahead to invest, this is what I personally term as investing blindly, that is, investing without research.

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May 27, 2024, 09:06:47 AM
 #29096

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May 27, 2024, 09:45:21 AM
 #29097

I've already withdrawn my entire balance, and I think everyone here should too. This doesn't look good at all, at least until TheQuin comes back (which is really hopeless at this point). The website is showing signs of neglect, with the lottery list not being published, confirmation email delays, among other things.

For those having trouble being unable to withdraw because of the confirmation email, choose the default address in your profile. This won't require any confirmation or 2FA being enabled, and that's the option I went with.

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May 27, 2024, 01:35:41 PM
 #29098

Funds safety?
--
The bad:
  • The addresses quoted above are now empty, I haven't seen any other proof of address posted anywhere
  • For quite some time now (at least ~October 2023) the STATS page of the website is broken and doesn't show anymore the active users/funds held by freebitcoin nor the amount of BTC bet/won. I seem to remember that they used to also provide the last website deposits and payments that they sent, are those features broken too?
  • Somehow (thankfully) they are still avoiding KYC regulations tightening all around the world, which probably makes them completely invulnerable in case something bad were to happen to the funds!
  • The whole FUN endeavour seems to have been quite a flop and development has stalled (I know FUN and fb aren't the same thing, but they seem heavily involved/exposed)
  • The website on the EARN BTC page still says that they are using Trezor rather than Ledger as in the first sentence of the quoted text above (it's a nitpick, yes, but if that is wrong, what else is?)
  • The site seems to still be run by only two fully anonymous people (wetsuit and TheQuin)
  • Except some recent outliers the weekly lottery tickets numbers seem to have been steadily decreasing, is it sign of a diminishing user base?
  • Despite the bust of most other crypto interest-earning websites, they still offer a very solid 4.08% on the deposited BTC, which is upgradable through Premium to 5.1% for what is now very little money, compared to when FUN first launched: around 2.5k$ (it was around 15k$ when Freebitcoin+FUN was announced).
The good:
  • It seems like that most things are automated
  • They seem to operate directly in BTC (thus avoiding volatility of BTC vs fiat)
  • They have good house margins and good betting mechanisms
  • Only two people (wetsuit and TheQuin) seem to have access to the funds, which makes them more strong against internal theft
  • They have been around for a long time

I've already withdrawn my entire balance, and I think everyone here should too.

I too have withdrawn all my funds as of a couple of days ago. I didn't know there were this many problems and possible safety holes, I just wanted to complain on the forum about the non-working website stats and more transparency.
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May 27, 2024, 04:25:23 PM
 #29099

In which concerns logging from a different device, I would like to get your confirmations. It was because of the device or because of the IP? - this is a side to which have I never paid atention in this site and would like to be updated.
I was logged in two different devices with different IPs before. I logged out from my account in one devices and now I can no longer to log in to my account in that device.
As I said in my previous post, I couldn't receive the authorization email. Now, there's a bigger issue. I get an error saying Incorrect login details while I am logged on the other device with the same username and password.

I don't think the problem is from my IP address. As I said, I was logged in with different IPs on different devices before.

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May 27, 2024, 09:44:20 PM
 #29100

Four hours later, I already could login from a different device and from a different region/IP with the particulariry of not needing to confirm with an email's link. So, it looks like that some one is working on the system.
I also tried to login to my account again. I still get the error saying Incorrect login details and have the same problem.
As I said, I am already logged in my account on another device and I am sure the email address and password I entered was correct.

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