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[abc128]

I had problems logging into my account for weeks, but this was fixed after some time. Now I already have the next problem and have been waiting 8 days for my payment of fun token, have already written to the support. It is sad to see that he currently seems to have so many problems, I hope my payout will be approved soon. If there is something new, I will publish an update.

[uneng]

If the problem was solely the devaluation of FUN token we would be fine.

In fact, the devaluation of the FUN token is no small factor. At least because of it, there is no point in locking FUN tokens on the freebitcoin site, especially for a long period. For example, if you bought FUN tokens a year ago and locked them for 360 days, this investment would be unprofitable for you now.

Personally, I invested in FUN token aware that it was unlikely to be able to maintain its price along the time, because staking rewards are too high (up to 25% yearly), while there is low demand for the token in crypto market.

The most attractive feature of the investment was the increased interest rate paid over Bitcoin balance on users' personal freebitco.in accounts. This way, acquiring FUN would be still a good idea. Not because FUN itself, but due to the implicit benefits which came with FUN purchase.

It was supposed to be a profitable investment considering you had a large Bitcoin bankroll, and considering freebitco.in was a solid and reputable platform in crypto industry since 2013 or so. That was the main idea. However, things started getting too unstable there and it's not safe to keep BTC deposited at the platform anymore. If the site was safe like before, FUN could remain on the current cheap price, but the investment would be still profitable through BTC interest income for users with large bankrolls.

[pawanjain]

I dont see the point of selling right now as its doing what its always done for me.   If there's problems they need to get resolved asap obviously thats best for all concerned and the ongoing health of the site.   But otherwise I dont see its a must sell situation, the fact that you can sell as and when you like etc. is probably the irony as to why you dont need to especially if that makes any sense.

My greatest losses with BTC have all been about greatly underestimating its longevity and the sheer massive amount of time it takes to progress in its cycle.  It seems to be selling but then Im looking 6 months later and realize it wasnt in a big move down just a normal sell off as it always does.    I just relate that to selling out from this site also, probably requires more patience but I cant suggest or say thats really the best course just my personal take based on my prior usage of various sites.

I know that selling so low isn't profitable at all if your FUN tokens drop to down further then all you will be getting is just a few dollars.
It would be worth nothing at all. Atleast now you still have the time to exit which might save you some amount of money worth something.
FUN token is not the same as BTC. With bitcoin, we have the trust that it will recover but that's not the same with FUN token.

[virasog]

If the problem was solely the devaluation of FUN token we would be fine. The problem is that we can't trust freebitco.in anymore to deposit our Bitcoins there to enjoy the benefits of the premium program. Besides not profiting through FUN, we also don't profit through premium program.

Moreover, we don't profit through daily WoF spins feature either, because the platform can't fix a simple issue which prevent users from receiving their daily spins.

Step by step they are killing their own platform, until there is nothing left for users to do there anymore. If it was a chess game, I would say freebitco.in checkmated us.

One of the reasons why many gamblers bought FUN token was to stake them on the freebitco site. So if you say that depositing at the site become risky, so staking FUN token at the site is even more risky. People will move FUN tokens out of staking and some will dump them and that will add additional pressure on the price of FUN token.

I think all these things are interrelated with each other. If the site is reliable, people will gamble at the site, deposit and then FUN token will gain value too. If the site has problems, the gamblers won't return to freebitco and the Fun token will eventually die.

[dwyane36]

It was supposed to be a profitable investment considering you had a large Bitcoin bankroll, and considering freebitco.in was a solid and reputable platform in crypto industry since 2013 or so. That was the main idea. However, things started getting too unstable there and it's not safe to keep BTC deposited at the platform anymore. If the site was safe like before, FUN could remain on the current cheap price, but the investment would be still profitable through BTC interest income for users with large bankrolls.

You're right that holding BTC on the freebitcoin site may not be the best idea now, as the site has become unpredictable lately in terms of security and operability. But the paradox is that there are still big players. At least they periodically appear in leaderboards. Either the site works without any problems for these players, or they just don't want to notice what has happened to the site recently.

[fbtcvip10]

I know someone that has the last vip membership level.
He says freebitcoin is working like before and he gets wof spins normally.

[STT]

I dont see any daily credit of the Spins but excluding the email incentive its empty basically.  I only have any spins stored from manually buying them with RP.   Also we missed the low in BTC there, its nearly risen back 10% today.

The whole must sell thing with FUN is what I recognize as the same kind of fear BTC used to have or still does for some.   Dont hold too much of any asset, any token, even BTC dont over buy it but if you have this token already and when they are working, you like getting the spins etc.   its just not a sell moment for me.

People sold BTC in 2020 when it spiked down, we discussed on this thread on that day is what I remember and I said ask the people who've seen (big) sell offs before because its not new for BTC to do this.  Not that anyone knows but weakness in a price is normal, you got to expect some extremes as normal.

   Even now I think BTC can move down to 30k, that possibility even if it happens isnt a reason to sell not  if you are ok holding for the rest of this decade then the price tag is not sound information.  Theres no absolute imperative, price is is a sticker label in a shop that can be any number on any day to some extent.  Im only trying to say that can apply, even more so to every token.  

Do you guys receive the interest toward/ for your fun token balance locked and or unlocked ?? I only receive the interest on the wallet balance

Receive interest is a reference to BTC on your account.  So your unused BTC which you can use any time.

In addition and separate from that idea you have a balance of the token FUN.  No interest here, it can give some benefits to hold on the site for time periods.   You can sell the token normally, if you lock it then its not available to sell.

  Locking a token then returns a bonus amount only after the term expires, they will send an email stating both the amount you had before lock and after.

No locks on BTC, no interest on the token only the lock plus extra added on term end.

[mv1986]

If you have a minimum of 2,500 FUN tokens then you will earn some extra interest on your BTC balance, in addition to the 4.08% annual interest rate.

Holding 2500 FUN tokens isn't enough to recevie the extra interest.
To earn extra interest on your balance, you must hold at least 12,500 FUN tokens for at least 30 days.

For earning interest on the FUN tokens themselves then you do need to lock them up for a period between 15 days and 360 days.

There is no need to lock your FUN tokens. As I said, all you need is to hold at least 12,500 tokens for at least 30 days.

That's correct, but as far as I can read here, the WOF distribution doesn't work at all at the moment, right? I sent an email a while ago and they responded that they are aware of the issues, but they have no idea what there would be a solution. They literally said

We do not have a timeframe for this to be resolved

I wonder whether this can be such a complicated case to be solved? To get the WOF distribution working again can't be rocket science. Does anyone know whether there are issues with withdrawals? I don't hold much there so it is not all that relevant, but asking out of curiosity.

[Coin_trader]

If the problem was solely the devaluation of FUN token we would be fine.

In fact, the devaluation of the FUN token is no small factor. At least because of it, there is no point in locking FUN tokens on the freebitcoin site, especially for a long period. For example, if you bought FUN tokens a year ago and locked them for 360 days, this investment would be unprofitable for you now.

This is the greatest downside on casino token investment. The devaluation is too high compared to the APY you can get. Worst part is you can’t do anything rather than just watch your investment value crash since it’s locked.

Also the 25%APY is the main reason why the token price keeps dumping since investors that will get profit automatic dump their rewards to take profit. I’d rather stake stablecoins with smaller APY rather than this too volatile tokens even with insane APY.

[avp2306]

If the problem was solely the devaluation of FUN token we would be fine.

In fact, the devaluation of the FUN token is no small factor. At least because of it, there is no point in locking FUN tokens on the freebitcoin site, especially for a long period. For example, if you bought FUN tokens a year ago and locked them for 360 days, this investment would be unprofitable for you now.

This is the greatest downside on casino token investment. The devaluation is too high compared to the APY you can get. Worst part is you can’t do anything rather than just watch your investment value crash since it’s locked.

Also the 25%APY is the main reason why the token price keeps dumping since investors that will get profit automatic dump their rewards to take profit. I’d rather stake stablecoins with smaller APY rather than this too volatile tokens even with insane APY.

This is what I don't like with this feature since we can't really be so sure to earn due to that situations mentioned. But still its still great for those people who try and they believe that there's something more to get for staking FUN tokens and hope to get profits with this token, but it seems it will take time for them to see those things what they wanted to happen on FUN token since its like pumping is not happening at this moment. But lets still see if they can do something to help increase its demand.

[Fivestar4everMVP]

If the problem was solely the devaluation of FUN token we would be fine.

In fact, the devaluation of the FUN token is no small factor. At least because of it, there is no point in locking FUN tokens on the freebitcoin site, especially for a long period. For example, if you bought FUN tokens a year ago and locked them for 360 days, this investment would be unprofitable for you now.

This is the greatest downside on casino token investment. The devaluation is too high compared to the APY you can get. Worst part is you can’t do anything rather than just watch your investment value crash since it’s locked.

Also the 25%APY is the main reason why the token price keeps dumping since investors that will get profit automatic dump their rewards to take profit. I’d rather stake stablecoins with smaller APY rather than this too volatile tokens even with insane APY.

Talking about staking volatile crypto assets and comparing it to staking stable coins, I would say highly depends on the project in question, not every Altcoin are worth taking a long term risk on, and for such Altcoin, staking can turn out to be a death sentence on the money you have invested in or on such Altcoin.

And talking about Fun token particular, I don't want to particularly believe that the only reason for the huge dump is due to stakers selling off their reward, I think the team or management of the fun token, as well as freebitco must have secretly sold millions (if not billions) of the token, which is the major reason for the dump we have seen over time.
There is no way this casino will be having issues and the team havent sold, they possibly have even dumped alot before this whole fiasco with the casino started, this is possibly one of the sources through which they raise money for most of the lotteries and giveaways on the casino.

[Don Pedro Dinero]

If the problem was solely the devaluation of FUN token we would be fine.

In fact, the devaluation of the FUN token is no small factor. At least because of it, there is no point in locking FUN tokens on the freebitcoin site, especially for a long period. For example, if you bought FUN tokens a year ago and locked them for 360 days, this investment would be unprofitable for you now.

This is the greatest downside on casino token investment. The devaluation is too high compared to the APY you can get. Worst part is you can’t do anything rather than just watch your investment value crash since it’s locked.

This reminds me of people who buy shares because of the high dividend, without taking into account that a high dividend is usually a sign of a problem, and end up collecting 7% a year dividend but losing 20% a year on the stock price.

At the beginning buying the token made sense, but the trend has been towards 0 for a long time now, like 99% of the tokens and alts.

[UserU]

A nice extra

[Fivestar4everMVP]

If the problem was solely the devaluation of FUN token we would be fine.

In fact, the devaluation of the FUN token is no small factor. At least because of it, there is no point in locking FUN tokens on the freebitcoin site, especially for a long period. For example, if you bought FUN tokens a year ago and locked them for 360 days, this investment would be unprofitable for you now.

This is the greatest downside on casino token investment. The devaluation is too high compared to the APY you can get. Worst part is you can’t do anything rather than just watch your investment value crash since it’s locked.

This reminds me of people who buy shares because of the high dividend, without taking into account that a high dividend is usually a sign of a problem, and end up collecting 7% a year dividend but losing 20% a year on the stock price.

At the beginning buying the token made sense, but the trend has been towards 0 for a long time now, like 99% of the tokens and alts.

Compared to other Altcoins in the market, the way Fun token has dropped is really exceptional, for like over a year now or even far more than, there have not been a time we celebrated any significant rise in price of fun token, even when bitcoin went from around $15k or less to over $70k between last year November and this year march, majority of Altcoins saw some really nice gains, but Fun token have remains relatively stagnant.
There have been not any major news or announcement concerning the project to cause people to pay attention to the token again, and if things continue like this, I fear that this might become another shitcoin in no time, coupled with the issues freebitco is currently going through which they don't seem to be doing any thing about.

Just going to advice people to be careful investing in Fun from now on until the team, atleast, reassure their users and potential investors that they are still actively working to bring more value to the token.

[STT]

This reminds me of people who buy shares because of the high dividend, without taking into account that a high dividend is usually a sign of a problem, and end up collecting 7% a year dividend but losing 20% a year on the stock price.

Yea I remember Warren Buffet famously has never given a dividend, he dislikes it but then he is rich .   There is a difference from that situation to this one I think.    When a company pays its shareholders, its their own money being handed back to them.   They are the owners after all, so on the day its given the company is worth less by the amount now handed back; ex-div .  Its just plain maths or more visually a set scales of movement to the cash.

Here movements in the price are more about liquidity then a value, no new tokens are being created in that lock payment, if FBC sold tokens and paid holders in BTC that'd be closer to it.  All tokens before & after already exist in the sum total & most tokens are held by the website itself I think.    [10,843,201,660 FUN does that ever change?]

The dilution idea is not occurring and in fact there is a burn of tokens apparently.  I dont know what % that burn is, not sure if figures are listed somewhere on that.  Shares would be a public company and public accounts, here its not that and its not a share just a token as already said.

  However the market is more liquid when people have 'spare' tokens so that would help a lower price in shorter term time frames.  That would be a price dynamic not value, so long as the total number of tokens isnt altering.
   I believe the daily traded volume might be the best reflection of health, if volume picks up it might also raise price not sure just my rough take overall.

The 50 and 200 day average on BTC are in an eclipse and price just fell from there.  I reckon short term negative but long term positive as moving averages are mostly rising.

[dwyane36]

Yea I remember Warren Buffet famously has never given a dividend, he dislikes it but then he is rich .   There is a difference from that situation to this one I think.    When a company pays its shareholders, its their own money being handed back to them.   They are the owners after all, so on the day its given the company is worth less by the amount now handed back; ex-div this is called.  Its just plain maths or more visually a set scales of movement to the cash.

Here its not quite that here theres differences, the token isnt ownership.   Also no new tokens are being created in that lock payment, if FBC sold tokens and paid holders in BTC that'd be closer to it.  All token already exist in the sum total & most tokens are held by the website itself I think.    [10,843,201,660 FUN does that ever change?]

The dilution idea is not occurring and in fact there is a burn of tokens apparently.  I dont know what % that burn is, not sure if figures are listed somewhere on that.  Shares would be a public company and public accounts, here its not that and its not a share just a token as already said.

  However the market is more liquid when people have 'spare' tokens so that would help a lower price in shorter term time frames.  That would be a price dynamic not value, so long as the total number of tokens isnt altering.
   I believe the daily traded volume might be the best reflection of health, if volume picks up it might also raise price not sure just my rough take overall.

The 50 and 200 day average on BTC are in an eclipse and price just fell from there.  I reckon short term negative but long term positive as moving averages are mostly rising.

It's worth noting that almost half of the emission is locked on the freebitcoin website, and some part of the emission is probably still held by the freebitcoin team. It seems that these factors should have a positive impact on the FUN token price since there should be only a small number of tokens in the circulating supply. But, as we can see, this doesn't happen.
In fact, there is no sufficient demand for FUN tokens at the moment. By the way, Binance trading volume is only $500k, which is not much by the measures of this exchange.

[TheUltraElite]

At the beginning buying the token made sense, but the trend has been towards 0 for a long time now, like 99% of the tokens and alts.

It was "FUN" while it started and now it seems to have gone down the deep.

I think freebitco.in team has a lot of work at hand if they want to keep it going with the currently existing crypto casino sphere.

1. A proper support system, which they have started and will take sometime to ease out the rate of complaints coming up.
2. A redesign of the FUN token economics, more uses of this token and more markets to spend it on.
3. An improvement in the UI? Have seen the site like this since my first day there, it would not hurt to change it up a bit. Dark mode anyone?   

[Saint-loup]

I don't think much people are selling their FUN tokens in order to just trying to cover the losses they eventually get from Bitcoin when its price is dipping because if they sell their tokens they won't get their premium benefits anymore, including extra interests on the earnings they get for holding their funds there, WOF spins and cashback if they play at some games or if they bet on the sportsbook. So I am not sure it could be very profitable in the long run to use such strategy IMO.

[GinnyBanzz]

We are approaching 2 weeks now without the WOF spins for premium members. What on earth is going on? How can it take so long to fix it? Just more evidence that Freebitco.in is partly abandoned.

[shishini]

We are approaching 2 weeks now without the WOF spins for premium members. What on earth is going on? How can it take so long to fix it? Just more evidence that Freebitco.in is partly abandoned.

And not just no WOF but now found out that all my BTC accounts is gone they left me with 47 sat 😂😂😂😂😂
Thank you FreeBitco
If you didn't return the BTC to my account my WOF to my account I will accuse your site loud high of theft and fraud