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[avp2306]

Yeah exactly, let's not allow ourselves to be deceived first and second time and again..
They already knew they were going to cease operation at this time even before this whole thing started, and I would say that its been their intention all along to cater away with funds belonging to their users since they will have to possibly depend on that money for the rest of their lives when they finally shut everything down on this site.

A good business that wants to shut down and doesn't want to scam their users doesn't start by actually scamming them, they start by announcing that they will be shutting down at so so time, and all users are expected to have withdrawn all their money on their site by that time.
This is to the best of my knowledge.

I don't believe that they intentionally wanted to scam people. They have been running this business for 12 years, have paid lots of Bitcoins and have had a huge trust in the community. They were even recommended by one of the first crypto exchanges as a way of earning your first Bitcoins. There are some things happening behind the scenes that we don't know. If Freebitco really wanted to scam people, then they wouldn't have allowed people to withdraw money months ago. Some people had a problem with withdrawing some $$ while some people were able to withdraw $10K. Lots of withdrawals were also processed later. Actually, this approach destroys business more than anything else. They basically emptied their wallets before they decided to shut down. If they really wanted to scam people, they could very easily do it in a much profitable way.

Maybe we can't assume for now that they don't have intention to scam their people if they pay all those pending withdrawals. But if those issues still happening and there are people claiming that their withdrawal has not been processed by freebitco.in then we could still assume that they are not good casino.

Those actions they made and for not paying attention on their pending withdrawal kill their business. That's why lots of people are now avoiding them and maybe they already feel the number of players decline that's why they choose to announce that they are going to shutdown their operation.

[pawanjain]

I don't believe that they intentionally wanted to scam people.

If you observe how scam websites disappear, you'll see they have something in common: the site starts making selective payments for a while, allowing other people to continue depositing money into the site hoping they will be paid, and they don't believe it when people who haven't been paid accuse the site of not paying them. When the site owners collect the desired amount, they disappear. In my opinion, this website was sold to someone else, and that person later realized the business was unsustainable. To recoup all the money they spent buying the website, they chose to scam.

If they will really make a run, why they will they take care of putting those messages of closing? or close deposit with a warning? or be so stupid to send funds to KYC exchange .?

This could be a strategy for them to buy enough time to erase all traces that lead to their real identity. Notice that the site has had the same problem for months and no one from the site has ever come forward to say anything, but suddenly, when someone posts that there's a chance of discovering their real identity, that's when the site owners appeared with news. It's clear they want to buy time to disappear completely.

That is by far the most sensible explanation of the situation going on with freebitco.in
It's evident that freebitco.in ownership was changed since TheQuin disappeared like he never existed.
The past owner thought it would be the best to sell the site for a good amount of money and he did exactly that.

If the site was still profitable then nobody in their right senses would chose to end up the services like this.
So yeah they thought it would be the best to scam the users to recover the money they had invested in it.

[Panp858]

Just one question not directly related to FBTC but kind off. Since the guys behind this site were or are heavy into FUN tokens, do you guys think its best to sell all fun  tokens after FBTC shuts down? I mean if the whale leaves the battlefield, whats left?

[Free Market Capitalist]

Just one question not directly related to FBTC but kind off. Since the guys behind this site were or are heavy into FUN tokens, do you guys think its best to sell all fun  tokens after FBTC shuts down? I mean if the whale leaves the battlefield, whats left?

The FUN token has been on an unstoppable downward trend toward zero for some time now. I'm not sure if the closure of freebitco.in isn't already priced in, but in any case, all it has done is accelerate the trend. Personally, I would get rid of them ASAP. If you see any reason why the token might go up, then keep them, but I don't see it.

[shield132]

Maybe we can't assume for now that they don't have intention to scam their people if they pay all those pending withdrawals. But if those issues still happening and there are people claiming that their withdrawal has not been processed by freebitco.in then we could still assume that they are not good casino.

Those actions they made and for not paying attention on their pending withdrawal kill their business. That's why lots of people are now avoiding them and maybe they already feel the number of players decline that's why they choose to announce that they are going to shutdown their operation.

For now? They are gonna shut down their service. My point is that if they wanted to scam, they had the possibility. What they did, it's not a scam attempt, it's proof that the management isn't serious and doesn't care about the business, so the business automatically falls apart. A good example of a scam is what hashocean did in 2016. If Freebitco wanted to intentionally scam people, they would offer you 10% Bitcoin APY, 50% FUN token APY and many other promotions, and then they would shut down their website in the next couple of days.

Just one question not directly related to FBTC but kind off. Since the guys behind this site were or are heavy into FUN tokens, do you guys think its best to sell all fun  tokens after FBTC shuts down? I mean if the whale leaves the battlefield, whats left?

It's best to never buy FUN tokens ever in your life. Even if the price goes up and you see a positive trend, this coin is dead with no future.

[Synchronice]

It's impossible to request withdrawals right now since that withdrawal button leads to that white message about closure, correct?

I know that. I was referring to the withdrawals that have been requested before and are still pending.
According to this page, the total balance of users is around 710 BTC and if that number doesn't include pending withdrawals, their total debt to users should be much bigger than 710 BTC.

710 Bitcoin is more than 62 million US dollars right now, that's a crazy amount. I don't understand why casino with such a balance after more than a year downfall (it's a great achievement to hold 710 Bitcoins for a website that has been losing lots of customers every day for the last year), would let the business sink and wouldn't do anything to fix it or rebrand it and build everything from scratch.
I think that the owner was extremely lucky to be the early adopter of Bitcoin. He bought tons of Bitcoins cheaply, started this business and made a hefty profit but he failed miserable in business strategy and management. Instead of improving the casino and building something unique and very successful, he kept things in an old way (probably laziness) and when the problems arose, just ignored it.
I don't understand why someone with millions of US dollars couldn't fix an issue that Freebitco had in the last year. You can hire a great team with that budget and you can build a great product if you really want. It's strange 

[GinnyBanzz]

It's impossible to request withdrawals right now since that withdrawal button leads to that white message about closure, correct?

I know that. I was referring to the withdrawals that have been requested before and are still pending.
According to this page, the total balance of users is around 710 BTC and if that number doesn't include pending withdrawals, their total debt to users should be much bigger than 710 BTC.

710 Bitcoin is more than 62 million US dollars right now, that's a crazy amount. I don't understand why casino with such a balance after more than a year downfall (it's a great achievement to hold 710 Bitcoins for a website that has been losing lots of customers every day for the last year), would let the business sink and wouldn't do anything to fix it or rebrand it and build everything from scratch.
I think that the owner was extremely lucky to be the early adopter of Bitcoin. He bought tons of Bitcoins cheaply, started this business and made a hefty profit but he failed miserable in business strategy and management. Instead of improving the casino and building something unique and very successful, he kept things in an old way (probably laziness) and when the problems arose, just ignored it.
I don't understand why someone with millions of US dollars couldn't fix an issue that Freebitco had in the last year. You can hire a great team with that budget and you can build a great product if you really want. It's strange 

To be fair, it's absolutely not an easy business to turn a profit with anymore. The "faucet" industry is absolutely rife with abuse. I used to own a "earn bitcoin" website that was absolutely hammered with abuse. The first few years were great (while Bitcoin price was low) and I eventually shut it down last year. Quinn and Wetsuit for a while actually did seem quite competent and looked to fix issues and be transparent about most things. Once they were gone, the new owners were either completely imbeciles, or they fully planned to just ride it out and skim as much money as possible before shutting the site down.

[Hispo]

Just one question not directly related to FBTC but kind off. Since the guys behind this site were or are heavy into FUN tokens, do you guys think its best to sell all fun  tokens after FBTC shuts down? I mean if the whale leaves the battlefield, whats left?

The FUN token has been on an unstoppable downward trend toward zero for some time now. I'm not sure if the closure of freebitco.in isn't already priced in, but in any case, all it has done is accelerate the trend. Personally, I would get rid of them ASAP. If you see any reason why the token might go up, then keep them, but I don't see it.

there is no actual reason which I can come up with for anyone to continue to hold or invest in that token at this point, its sole utility was to serve as a chip in this centralized casino and now liquidity is being withdraw and the casino is getting out business this token is going to become nothing but a paperweight and a cautionary tale on why it is important to only invest in decentralized assets with do not depend on a website or a single business to keep demand going up.

The scary part is how I was almost convinced to invest an important part of my satoshis into FUN because in my mind investing in this casino was a safe business, I thought it was too big to fail and the house always won, I am glad I kept my satoshis and I decided I was just too busy to keep track on my investment in a casino... Another bullet dodged by me.

[PendingForever]

Just one question not directly related to FBTC but kind off. Since the guys behind this site were or are heavy into FUN tokens, do you guys think its best to sell all fun  tokens after FBTC shuts down? I mean if the whale leaves the battlefield, whats left?

FUN token is now just an indian spam coin.... They promised a token for casinos and gaming but now they just spam staking. No talk about utility or games they promised.  They also closed their Telegram to user comments and are only using it for spam, same as their Twitter

[Panp858]

Just one question not directly related to FBTC but kind off. Since the guys behind this site were or are heavy into FUN tokens, do you guys think its best to sell all fun  tokens after FBTC shuts down? I mean if the whale leaves the battlefield, whats left?

FUN token is now just an indian spam coin.... They promised a token for casinos and gaming but now they just spam staking. No talk about utility or games they promised.  They also closed their Telegram to user comments and are only using it for spam, same as their Twitter

Wait there are no quizzes in telegram anymore?

[Fivestar4everMVP]

Just one question not directly related to FBTC but kind off. Since the guys behind this site were or are heavy into FUN tokens, do you guys think its best to sell all fun  tokens after FBTC shuts down? I mean if the whale leaves the battlefield, whats left?

FUN token is now just an indian spam coin.... They promised a token for casinos and gaming but now they just spam staking. No talk about utility or games they promised.  They also closed their Telegram to user comments and are only using it for spam, same as their Twitter

Even right now, i see no reason why anyone should still be holding fun token as it's completely useless, freebitco was the only reason why fun token had some form of utility through staking mostly, but with the site closing soon, and even now that withdrawals are not working anymore, if I had any fun tokens, I would have sold it and look for a better token to invest the money on or better still buy bitcoin.

But I get, some investors tends to hold tokens like this because it could experience a sharp pump some day for no reason, it's understandable and lets hope such miracle happen for fun tokens holders as well.
But I still don't see this as a good enough reason to hold a dead token.