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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 606566 times)
dabbur
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September 28, 2025, 12:01:32 AM
 #34841

What in your opinion is the status? If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.
I'm not sure what has happened exactly, but I doubt that they have sold the website. I believe all these things are happening as they were unable to make any revenue. Most probably the premium membership system had a negative impact on their revenue part. We only know some usernames of Bitcointalk accounts who own Freebitco.in. The real identity of the owner is still unknown as it was from the beginning.

They were still processing withdrawals through the old wallet addresses. We wouldn’t see that if ownership had changed.

If you look at @TheQuin's post history you'll notice that he was the kind of person who knew how to apologize when someone came to report a problem and @TheQuin would explain to the person what happened, when you're faced with a person like that, you realize that he wouldn't be the kind of person to be running the site for 1 year without ever appearing here in this thread to interact with the members, so I have no doubt that the site has changed hands, everything that is happening with the site doesn't make much sense.



And yes: banks are ponzi schemes.
Why do you think there are so much ads from banks?
Because they need your REAL money to go to their pockets, that's how they have HUGE PROFIT, bigger than ever than before!

The numbers on a screen DOESN'T MEAN ANYTHING!!!

Banks dont need to be a ponzi scheme they have a much better trick, they can print money by giving out credits and create their own fiat money from out of nothing.

banks can't print money, pal. Only the government bank does it.
The private banks only want new deposits and profit from taxes and interest.
But they don't have the money they say they do in the annual reports.

They are just NUMBERS on a screen.
That money DOESN'T EXIST.

It is a ponzi scheme because it depends on new customers and new loans, taxes.

If new people don't join, the scheme falls and it would be only sustained by taxes, wich is not enough.

That's why they spend billiions of dollars in advertising.

If happens something similtar like what happened to freebitcoin, they are gonna be the new freebitcoin.

Still pretending to operate, but not paying anyone.

I didnt mean that banks print cash. Banks create new book money when they give new loans. They dont need to raise any deposits first - thats the main difference to a ponzi scheme. Creating new book money by new loans is in principal the only way a economy can grow. What a bank cant do is convert all the book money into cash or e.g. gold cos its only fiat money. There is no real money since Nixon did cut out the gold standard.
ranlo
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September 28, 2025, 12:32:45 AM
 #34842

What in your opinion is the status? If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.
I'm not sure what has happened exactly, but I doubt that they have sold the website. I believe all these things are happening as they were unable to make any revenue. Most probably the premium membership system had a negative impact on their revenue part. We only know some usernames of Bitcointalk accounts who own Freebitco.in. The real identity of the owner is still unknown as it was from the beginning.

They were still processing withdrawals through the old wallet addresses. We wouldn’t see that if ownership had changed.

If you look at @TheQuin's post history you'll notice that he was the kind of person who knew how to apologize when someone came to report a problem and @TheQuin would explain to the person what happened, when you're faced with a person like that, you realize that he wouldn't be the kind of person to be running the site for 1 year without ever appearing here in this thread to interact with the members, so I have no doubt that the site has changed hands, everything that is happening with the site doesn't make much sense.



And yes: banks are ponzi schemes.
Why do you think there are so much ads from banks?
Because they need your REAL money to go to their pockets, that's how they have HUGE PROFIT, bigger than ever than before!

The numbers on a screen DOESN'T MEAN ANYTHING!!!

Banks dont need to be a ponzi scheme they have a much better trick, they can print money by giving out credits and create their own fiat money from out of nothing.

banks can't print money, pal. Only the government bank does it.
The private banks only want new deposits and profit from taxes and interest.
But they don't have the money they say they do in the annual reports.

They are just NUMBERS on a screen.
That money DOESN'T EXIST.

It is a ponzi scheme because it depends on new customers and new loans, taxes.

If new people don't join, the scheme falls and it would be only sustained by taxes, wich is not enough.

That's why they spend billiions of dollars in advertising.

If happens something similtar like what happened to freebitcoin, they are gonna be the new freebitcoin.

Still pretending to operate, but not paying anyone.

I didnt mean that banks print cash. Banks create new book money when they give new loans. They dont need to raise any deposits first - thats the main difference to a ponzi scheme. Creating new book money by new loans is in principal the only way a economy can grow. What a bank cant do is convert all the book money into cash or e.g. gold cos its only fiat money. There is no real money since Nixon did cut out the gold standard.

This is fairly accurate but also has inaccuracies. It's important, IMO, to add in that it's only T1 banks with that ability. Any others have separate rules, such as keeping 100% of all deposits in reserves at all times.

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September 28, 2025, 05:14:09 AM
 #34843

In my opinion, assumptions that ownership changed hands seem to be based on gut feelings alone, and not on any conclusive evidence.

Agreed, and finally first time we agree on something.
And yes, you're totally right about that.

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September 28, 2025, 10:35:21 AM
 #34844

Sept. 28, 2025: FUNs or BTC, the situation is practically the same.

Freebitco.in doesn't pay anything.

And if by chance they made a payment:

  • There would be an avalanche of withdrawals.
  • We would all want to withdraw our funds.
  • No one (or almost no one) deposits, nor will they do so until some time passes and it is confirmed that several withdrawals have been made.

Conclusion: There isn't enough money to manage withdrawals without deposits.

The only solution would be for a large company to buy the site, assuming the huge losses that come with starting with payments without income.

Their strategy is to let time pass so that users switch to other faucets, forget about the site, and consider their funds lost. They will possibly renew the domain to continue this strategy, "buying" more time for everything to be forgotten.

For me, the chances of recovering both BTC and FUNs are 0.1% as of today. I'm sorry for everyone and wish the Freebitcoin team the worst personally.

(Of course, I'll correct myself and apologize if that doesn't happen.)
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September 28, 2025, 10:40:46 AM
 #34845

freebitco is not a very popular site and can't attract the attention of the authorities, not even now that they are going down, why would the authorities want to start a fight with a website that has already lost its reputation and are at the verge of shutting down? Except they just want to indirectly hsaten the shutting down process of the website 😁

I disagree that freebitcoin isn't very popular. Although there are many problems and it seems that the site is on its last legs, there is still a lot of audience traffic there. As for the authorities, it's worth noting that the freebitcoin website does attract the attention of some of them. For example, access to the site has already been blocked in Germany and the Netherlands.

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Beparanf
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September 28, 2025, 03:51:23 PM
 #34846

freebitco is not a very popular site and can't attract the attention of the authorities, not even now that they are going down, why would the authorities want to start a fight with a website that has already lost its reputation and are at the verge of shutting down? Except they just want to indirectly hsaten the shutting down process of the website 😁

I disagree that freebitcoin isn't very popular. Although there are many problems and it seems that the site is on its last legs, there is still a lot of audience traffic there. As for the authorities, it's worth noting that the freebitcoin website does attract the attention of some of them. For example, access to the site has already been blocked in Germany and the Netherlands.

Agreed. This casino is one of the popular not because of their casino feature but due to the fact that they are one of the OG faucet casino that still active now and evolved to a casino.

I believe most of the OG faucet website was already not working while FBC still has active faucet on their casino until now that’s why even with lots of problem this casino still have a lot of traffic.



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September 28, 2025, 06:46:38 PM
 #34847

For me, the chances of recovering both BTC and FUNs are 0.1% as of today. I'm sorry for everyone and wish the Freebitcoin team the worst personally.

(Of course, I'll correct myself and apologize if that doesn't happen.)

Welcome to the club.

The whole situation with Freebitcoin has dragged on for way too long. It often happens when I visit this thread, read some comments, and then I visit the site... It works! It  seems I got some premium WoF spins (as I remember the last time I had +300, now 452). So what to think? Some features work, some don't... We never really know what's going on with this site...we are all in the dark.

And yet, somehow, they still manage to keep going...This is something that will be studied later on because none of us really has enough info to conclude anything... we are just blindly guessing what's happening.


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Hispo
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September 28, 2025, 07:36:46 PM
 #34848

Sept. 28, 2025: FUNs or BTC, the situation is practically the same.

Freebitco.in doesn't pay anything.

And if by chance they made a payment:

  • There would be an avalanche of withdrawals.
  • We would all want to withdraw our funds.
  • No one (or almost no one) deposits, nor will they do so until some time passes and it is confirmed that several withdrawals have been made.

Conclusion: There isn't enough money to manage withdrawals without deposits.

The only solution would be for a large company to buy the site, assuming the huge losses that come with starting with payments without income.

Their strategy is to let time pass so that users switch to other faucets, forget about the site, and consider their funds lost. They will possibly renew the domain to continue this strategy, "buying" more time for everything to be forgotten.

For me, the chances of recovering both BTC and FUNs are 0.1% as of today. I'm sorry for everyone and wish the Freebitcoin team the worst personally.

(Of course, I'll correct myself and apologize if that doesn't happen.)

Well, I am not sure what company would be willing to risk their capital and their time by rescuing this crypto casino. Since, at the beginning of the purchase and by providing liquidity will would be only consistent losses as people are allowed to withdraw all their Fun tokens and Bitcoin. Eventually, it would take more people to trust the new administration of the casino in order for them to start getting profits of the acquisition of Freebitcoin.
Also, it would be a problem for the new Freebitcoin to continue to give support to the FUN token, as it would be considered an unregistered security, so all holders of the token would inevitably lose their investment.

Even if some powerful company takes control and inject liquidity, that would only rescue all holders of Bitcoin which have been defrauded, but not investors of Fun.

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September 29, 2025, 07:57:39 AM
 #34849

Well, I am not sure what company would be willing to risk their capital and their time by rescuing this crypto casino. Since, at the beginning of the purchase and by providing liquidity will would be only consistent losses as people are allowed to withdraw all their Fun tokens and Bitcoin. Eventually, it would take more people to trust the new administration of the casino in order for them to start getting profits of the acquisition of Freebitcoin.

It wouldn't be such a strange thing, either in the business world or in the world of gambling. Sometimes a company makes an initial investment to cover the losses of another by acquiring it because it believes that there are aspects of the company that can more than offset that investment in the future. In this case, it could be the huge customer base. Something similar happened with the acquisition of Full Tilt by Amaya Group years ago. Full Tilt would have gone bankrupt, and Amaya, which had also acquired Pokerstars, took over all of FT's debts to players in order to expand its customer base, resulting in what was for years the largest poker room and was very profitable for Amaya Group.

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September 29, 2025, 08:02:11 AM
 #34850

the website is banned from google!
....
IT IS DONE.

End of the line.

When you search on Google for "Free Bitcoin" it's still showing up there, are you sure it's banned from Google?

Nonetheless, yes, you're right, it is pretty much done.


It's worth noting that any website, including the freebitcoin site, can be removed from search engine results at the request of regulators in a particular country. Personally, I can still find the freebitcoin site without any problems using Google, but surely there are jurisdictions where users can no longer find it.
Then why aren't popular torrent websites like 1337x, rutracker, nnmclub, rutor and many more banned from the Google Search engine? These websites basically cost billions of dollars to Hollywood and the video game industry but I still see them in Google's search engine if I type a movie name + torrent in the search bar.
Btw I still see freebitco.in in search engine results when I type Free Bitcoin, Freebitco or any similar keyword.

They've made money with google adsense in the beginning, that's how their business model was based on at first.
They had Google AdSense illegally on their website, that's why they got banned. Btw they also had their own advertisement on the website at some point. You could pay a few coins and your ad would be placed on their website.

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dwyane36
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September 29, 2025, 08:46:23 AM
 #34851

Then why aren't popular torrent websites like 1337x, rutracker, nnmclub, rutor and many more banned from the Google Search engine? These websites basically cost billions of dollars to Hollywood and the video game industry but I still see them in Google's search engine if I type a movie name + torrent in the search bar.
Btw I still see freebitco.in in search engine results when I type Free Bitcoin, Freebitco or any similar keyword.

Well, Google doesn't process requests from authorities in all countries. For example, Google is likely to quickly comply with requests from US and EU authorities, whereas requests from authorities in other countries may be ignored. It all boils down to the fact that the search engine doesn't completely remove sites from search results, but restricts their visibility to users within certain IP address ranges. This applies both to the freebitcoin site and to the other sites you mentioned.

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September 29, 2025, 10:35:44 AM
 #34852

Well, I am not sure what company would be willing to risk their capital and their time by rescuing this crypto casino. Since, at the beginning of the purchase and by providing liquidity will would be only consistent losses as people are allowed to withdraw all their Fun tokens and Bitcoin. Eventually, it would take more people to trust the new administration of the casino in order for them to start getting profits of the acquisition of Freebitcoin.

It wouldn't be such a strange thing, either in the business world or in the world of gambling. Sometimes a company makes an initial investment to cover the losses of another by acquiring it because it believes that there are aspects of the company that can more than offset that investment in the future. In this case, it could be the huge customer base. Something similar happened with the acquisition of Full Tilt by Amaya Group years ago. Full Tilt would have gone bankrupt, and Amaya, which had also acquired Pokerstars, took over all of FT's debts to players in order to expand its customer base, resulting in what was for years the largest poker room and was very profitable for Amaya Group.


I don't know how much could Freebitco would be worth in this current state of lack of solvency and with its reputation pretty damaged by the lack of effective withdrawavals, only because it's name and it's legacy value within the world of Bitcoin, the current administration could ask for a handful of millions of they bargain well. There are not too many companies related to the world of Bitcoin and cryptocurrency which could take a hit like that.
Regulated casinos like Coinbase and Binance are out of question, regulators would not allow them to diversify in such a manner and get involved in gambling when they are pretty much managing billions of dollars which do not belong to them directly.

Anyways, I am not an expert at business or casinos, so I could stand corrected if Freebitco actually get purchased by other company with some money to invest in the long term.

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September 29, 2025, 12:33:39 PM
 #34853

It wouldn't be such a strange thing, either in the business world or in the world of gambling. Sometimes a company makes an initial investment to cover the losses of another by acquiring it because it believes that there are aspects of the company that can more than offset that investment in the future. In this case, it could be the huge customer base. Something similar happened with the acquisition of Full Tilt by Amaya Group years ago. Full Tilt would have gone bankrupt, and Amaya, which had also acquired Pokerstars, took over all of FT's debts to players in order to expand its customer base, resulting in what was for years the largest poker room and was very profitable for Amaya Group.


I don't know how much could Freebitco would be worth in this current state of lack of solvency and with its reputation pretty damaged by the lack of effective withdrawavals, only because it's name and it's legacy value within the world of Bitcoin, the current administration could ask for a handful of millions of they bargain well. There are not too many companies related to the world of Bitcoin and cryptocurrency which could take a hit like that.
Regulated casinos like Coinbase and Binance are out of question, regulators would not allow them to diversify in such a manner and get involved in gambling when they are pretty much managing billions of dollars which do not belong to them directly.

Anyways, I am not an expert at business or casinos, so I could stand corrected if Freebitco actually get purchased by other company with some money to invest in the long term.

With current situation and reputation they have maybe the value of their casino might get affected on current situation happening here.

Also I don't think there are crazy businessman out there would like to carry the big problem what Freebitco.in currently facing since its like they would bare lots of issues especially that for sure there are lots of people suffer an issue here.

But so far there's no public record that this casino has been sold to someone else.

You can check their company profile in this site https://tracxn.com/d/companies/freebitco.in/__gODjxCVSimO2aGHuW98Ak_QOYllP8YDWZ1aIh6kF1rw#about-the-company

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September 29, 2025, 01:14:08 PM
 #34854


I don't know how much could Freebitco would be worth in this current state of lack of solvency and with its reputation pretty damaged by the lack of effective withdrawavals, only because it's name and it's legacy value within the world of Bitcoin, the current administration could ask for a handful of millions of they bargain well. There are not too many companies related to the world of Bitcoin and cryptocurrency which could take a hit like that.
Regulated casinos like Coinbase and Binance are out of question, regulators would not allow them to diversify in such a manner and get involved in gambling when they are pretty much managing billions of dollars which do not belong to them directly.

Anyways, I am not an expert at business or casinos, so I could stand corrected if Freebitco actually get purchased by other company with some money to invest in the long term.

The freebitco.in approximate value is $28,658,305.
But this doesn't take into account that it has become insolvent.
If someone buys it, they'll be starting from scratch, and I don't think the new owners will withdraw the old payments.
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September 29, 2025, 04:08:10 PM
 #34855


I don't know how much could Freebitco would be worth in this current state of lack of solvency and with its reputation pretty damaged by the lack of effective withdrawavals, only because it's name and it's legacy value within the world of Bitcoin, the current administration could ask for a handful of millions of they bargain well. There are not too many companies related to the world of Bitcoin and cryptocurrency which could take a hit like that.
Regulated casinos like Coinbase and Binance are out of question, regulators would not allow them to diversify in such a manner and get involved in gambling when they are pretty much managing billions of dollars which do not belong to them directly.

Anyways, I am not an expert at business or casinos, so I could stand corrected if Freebitco actually get purchased by other company with some money to invest in the long term.

The freebitco.in approximate value is $28,658,305.
But this doesn't take into account that it has become insolvent.
If someone buys it, they'll be starting from scratch, and I don't think the new owners will withdraw the old payments.

I disagree with you, if someone buys the company and their domain they would be implicitly forced to comply with the pending withdrawavals people are expecting. It does not make sense to buy some company and still not being willing to restore the reputation of the entity and name of the company, if someone buy this casino it will be some other parent company with enough money and liquidity to give all people their due withdrawaval and restore all trust lost.

Also, that is quite a big sum of money for the company alone, consodrin the reputation is gone for now. I would have expected Freebitcoin to be worth around 5 million or 10 million, but nothing close to almost thirty million dollars... That's crazy.

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September 29, 2025, 04:31:51 PM
 #34856

I am doing a little research about the value and found the result Grin

According to siteworthtraffic, freebitco.in is valued $ 1,451,700 USD. You can visit this page :
Code:
https://www.siteworthtraffic.com/report/freebitco.in
This report updated 3 years ago.

But according to webworthplus, they just value $ 11,507.80. You can visit this page:
Code:
https://webworthplus.com/en/cost/freebitco.in
Site Price calculated at: September 29, 2025, 1:28:48 PM.

I don't know who wants to invest such big capital in that site.

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September 30, 2025, 04:47:27 AM
 #34857

I am doing a little research about the value and found the result Grin

According to siteworthtraffic, freebitco.in is valued $ 1,451,700 USD. You can visit this page :
Code:
https://www.siteworthtraffic.com/report/freebitco.in
This report updated 3 years ago.

But according to webworthplus, they just value $ 11,507.80. You can visit this page:
Code:
https://webworthplus.com/en/cost/freebitco.in
Site Price calculated at: September 29, 2025, 1:28:48 PM.

I don't know who wants to invest such big capital in that site.
Elon Musk, maybe?  He's sitting on such an obscene amount of money that the initial loss wouldn't even matter.  All we have to do is convince him that he's somehow proving a point by buying it.
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September 30, 2025, 07:34:26 AM
 #34858

I disagree with you, if someone buys the company and their domain they would be implicitly forced to comply with the pending withdrawavals people are expecting.

That's right, and that's at least how it went with the Full Tilt purchase. When you buy a company, you also have to take on its liabilities. Although in this case, I think it will be difficult due to legal issues. I think that in the end, the bomb will explode and the site will pull off an exit scam.

I am doing a little research about the value and found the result Grin

According to siteworthtraffic, freebitco.in is valued $ 1,451,700 USD. You can visit this page :
Code:
https://www.siteworthtraffic.com/report/freebitco.in
This report updated 3 years ago.

But according to webworthplus, they just value $ 11,507.80. You can visit this page:
...

I don't think the figure given on the website is reliable.

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September 30, 2025, 08:00:33 AM
 #34859

Elon Musk, maybe?  He's sitting on such an obscene amount of money that the initial loss wouldn't even matter.  All we have to do is convince him that he's somehow proving a point by buying it.

He's more interested in rocket science and clout, rather than a faucet site with a laundry list of IOUs Grin

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September 30, 2025, 11:06:46 AM
 #34860

I haven't visited this thread for a long time, and it seems I haven't missed much. Freebitco.in still has same problems and there are no feedback from their representative. I'm very glad that I sent everything what I had from this site...
But I still play free spins from time to time, even though I know there is very little chance I'll ever withdraw anything from there.

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