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[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.

[Betwrong]

Are you serious? How can the review be changed to neutral if they haven’t made a single payout and have only promised to pay?

I don't understand it either, although each DT is free to do what they think is best with their feedback. To begin with, as you say, it's just a promise, and I don't think that either change or no change will have any effect. If they end up paying, it won't affect the fact that one of the feedback ratings on this forum, which only represents a small percentage of the site's users, has become neutral. And if it's all a ploy to buy time while they plan the final exit scam, it won't affect that either.

Exactly. I don't think it will affect anything much. It's just me showing that I believe them. FreeBitco.in is legendary. Many current Bitcoin users started through them. They did a great job and I hope they won't go in history as scammers, but as good guys for Bitcoin world.

~


I think it's great news not only because of the money, but also because people many of us thought were bad now decide to shut down their site with dignity. (I'm changing my feedback to neutral right away).

Lol, you might want to hold your horses cowboy, there is still an excellent chance nobody sees their money. The past 6 months have been nothing but lies, empty promises and deceit. I won't believe these mother fuckers will do the right thing until that Bitcoin hits my wallet.

What are you talking about? Can you show any examples of " lies, empty promises and deceit"? I though they just disappeared, and now it's for the first time they promise anything, no?

Anyway, we'll find out about everything soon. In January? In February? Not later than in February, I think.

[hosemary]

I though they just disappeared, and now it's for the first time they promise anything, no?

No, it's not the first time.
They made an announcement on September 2 and claimed that the issue with withdrawals was just because their wallet wasn't synced and promised that everything would get back to normal. They made that announcement when some people had their withdrawals pending for more than a month.

They did nothing after that annoucement and they took more than three months just to make a new promise.

[rat03gopoh]

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.

Their token is still available on the futures market. I think it's a good idea to take a short position, as there's been no announcement of FUN's delisting from the exchange it's listed on. At least take advantage of the dying company's final moments.

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.

It's not a meme, and I doubt it will happen with relatively high trading volume. Holders can't expect much after the site is completely shut down.

[Don Pedro Dinero]

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.

I remember buying a few FUN tokens at the beginning, getting caught up in the hype. But after a few months, I saw that the price wasn't quite working out, so I exchanged them on the same site. Thank goodness I did that, seeing what happened afterwards, but it wasn't a huge amount either. You look at the FUN token chart and it's sad; you can clearly see a downward trend, tending to 0, although this is something that is widespread with tokens. The thing is, with the backing of freebitco.in when it was a company that worked very well and had a great reputation, it was logical to have hopes of appreciation.

[dwyane36]

I though they just disappeared, and now it's for the first time they promise anything, no?

No, it's not the first time.
They made an announcement on September 2 and claimed that the issue with withdrawals was just because their wallet wasn't synced and promised that everything would get back to normal. They made that announcement when some people had their withdrawals pending for more than a month.

They did nothing after that annoucement and they took more than three months just to make a new promise.

In light of the upcoming shutdown of the freebitcoin site, that announcement seems completely absurd. It turns out that three months ago, they had problems that were supposedly technical in nature, but now it suddenly turns out that abusers are to blame for everything. Don't be surprised if, in the coming months, they come up with some other story just to avoid returning funds to users.

[Synchronice]

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.

It's not an easy business but why did they stick with it for so many years? Okay, it was popular in 2014, 2015, 2016 and probably in the next couple of years but when you see that the popularity decreases but you also have such a unique website that you can easily adapt, why should you miss that opportunity? Freebitco could easily rebrand and add variety of games like slots, live games, poker, crash, blackjack, roulette and many more. They had this attempt on two sister sites but they didn't focus much on them, they didn't run a signature campaign for those websites too. They also shut them down instead of keeping them alive and focusing all freebitco resources on them.

What gives us a reason to say that Freebitco has new owners? Did TheQuin or WetSuit say that? They haven't logged in here for more than a year. So they sold Freebitco and also abandoned Bitcointalk? Doesn't make sense, maybe there is something else going on?

[Zwei]

I though they just disappeared, and now it's for the first time they promise anything, no?

No, it's not the first time.
They made an announcement on September 2 and claimed that the issue with withdrawals was just because their wallet wasn't synced and promised that everything would get back to normal. They made that announcement when some people had their withdrawals pending for more than a month.

that announcement was a complete lie, which makes me not trust anything they "announce" anymore.

They did nothing after that annoucement and they took more than three months just to make a new promise.

they will probably do the same once "early 2026" comes around.

Don't be surprised if, in the coming months, they come up with some other story just to avoid returning funds to users.

exactly, i have dealt with someone who ripped me off before. they always make a promise to pay you back, then they break it again and again, and keep making excuses.
and looking at how much money users had in their balances (at least 712 bitcoins), i don't think they have that kind of money to pay everyone back.

What gives us a reason to say that Freebitco has new owners? Did TheQuin or WetSuit say that? They haven't logged in here for more than a year. So they sold Freebitco and also abandoned Bitcointalk? Doesn't make sense, maybe there is something else going on?

no one knows what's going on, and if someone does know, they are not talking.

[Fivestar4everMVP]

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.

I remember buying a few FUN tokens at the beginning, getting caught up in the hype. But after a few months, I saw that the price wasn't quite working out, so I exchanged them on the same site. Thank goodness I did that, seeing what happened afterwards, but it wasn't a huge amount either. You look at the FUN token chart and it's sad; you can clearly see a downward trend, tending to 0, although this is something that is widespread with tokens. The thing is, with the backing of freebitco.in when it was a company that worked very well and had a great reputation, it was logical to have hopes of appreciation.

Same thing happened to me bud, remembering I earned my very first set of Satoshi from freebitco made me love and trust this platform so much, so even after being away for a long time since 2017 to 2020 or so, I came back and saw they then owned their own token which is fun token, I invested in this token with sure hope that it will do very well, to me, freebitco was a big platform that can't fail or fall for whatever reason, and since bitcoin was their main focus, I believed they will work really hard to make their own token( fun token) to be as valuable as bitcoin is but how wrong I was man..

It was as if the token was waiting for me to buy in to start declining, cus since the day I bought this, it never rose, it was always on the decline and after holding for few months, I couldn't take it anymore as I was literally watching my hard earned money going down to zero, I sold it all and till date, that was a very good decision.

[DrBeer]

I though they just disappeared, and now it's for the first time they promise anything, no?

No, it's not the first time.
They made an announcement on September 2 and claimed that the issue with withdrawals was just because their wallet wasn't synced and promised that everything would get back to normal. They made that announcement when some people had their withdrawals pending for more than a month.

They did nothing after that annoucement and they took more than three months just to make a new promise.

To be honest, it sounds like a completely fabricated problem just to distract the audience from the real problem (fraud) and simply buy some time. Plus, it all looks like a complete lie, given the continuous process of receiving funds from visitors and transferring them to mixers and exchanges. Or is this a different blockchain, and can this be done without synchronizing wallets?

[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

Wait there are no quizzes in telegram anymore?

No

[dwyane36]

To be honest, it sounds like a completely fabricated problem just to distract the audience from the real problem (fraud) and simply buy some time. Plus, it all looks like a complete lie, given the continuous process of receiving funds from visitors and transferring them to mixers and exchanges. Or is this a different blockchain, and can this be done without synchronizing wallets?

It was a fabricated problem, since wallet synchronization doesn't take that long and clearly cannot be the reason for a delay of several months in withdrawing user funds. It seems obvious that they were stalling for time, but their main goal is still unclear. I mean, they could have just abandoned the platform and left a long time ago because they've already ruined their reputation, and everyone knows they're scammers. Making up fabricated stories is a pointless activity on their part.