Freebitco.in - FUN Token Investment Experiment

[STT]

Gambling would be most relevant reference for this investment as the token is most applicable to active users of a gambling website.   Not many blockchains could restrict themselves to merely users and anyone can hold but the largest benefit is given back as some kind of yield while using the website and with a hold of this token.   This website is so large it can get away with a site only yield rather then a normal dividend given to most asset types for any owner.

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[campica]

Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  . I hope FUN token will rise just to get back what  I invest.

[Fivestar4everMVP]

Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  . I hope FUN token will rise just to get back what  I invest.

Well, like one of the general rules of investing in crypto says, you have not lost until you sell, what i can advice you do is to stake it on freebitco, and stop watching the price for the time being, it will surely rise again, all that is needed is time, at least a test we saw recently is that as bitcoin went up from about 17k to 21k right now, Fun token has also risen from 0.006 to 0.007, that's a good sign that ones we hit a major bull season, the price will go up significantly.

[uneng]

It is a nice thread to follow @uneng.
Actually, I have an account on Freebitco.in but I did not open it for a long time, I was sometimes busy and I was not able to collect the free sats given on the faucet. But now --my interest was back upon reading this thread.
So my question is --is that free spin automatically pop-up in your account daily? --like 13 free spins daily?

Yes, the spins automatically pop up in our accounts daily and get accumulated until you use them.

You can see them on the faucet's page, on the top, inside this yellow box:



Click the "Play them here!" link and roll all at once or one at a time.

Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi   . I hope FUN token will rise just to get back what  I invest.

Thanks! As Bitcoin's price rises, FUN is likely to stay a little behind, because it doesn't rise on the same proportion of BTC, but if you compare FUN to Dollar currency you will see FUN's price is also getting more valuable anyway. In order to recover the sum of Bitcoin you firstly invested, Bitcoin has to crash a little bit, so for each FUN you have, it's likely you will earn more BTC on the sale's act, as FUN's price is more stable.

Like any cryptocurrency, it is an investment of risk! Don't put money here you can't afford to lose!

In my case, right now it would be a good idea to sell my FUN, so I could still profit 2 satoshis on each, besides profit made during the time period the investment has been going on. If FUN falls below 30 satoshis, I'm also going to be in partial loss, since I bought my tokens for 30 satoshis each. But that is a risk I'm going to take to continue this experiment until the end.

[babygun]

Thanks! As Bitcoin's price rises, FUN is likely to stay a little behind, because it doesn't rise on the same proportion of BTC, but if you compare FUN to Dollar currency you will see FUN's price is also getting more valuable anyway. In order to recover the sum of Bitcoin you firstly invested, Bitcoin has to crash a little bit, so for each FUN you have, it's likely you will earn more BTC on the sale's act, as FUN's price is more stable.

Like any cryptocurrency, it is an investment of risk! Don't put money here you can't afford to lose!

In my case, right now it would be a good idea to sell my FUN, so I could still profit 2 satoshis on each, besides profit made during the time period the investment has been going on. If FUN falls below 30 satoshis, I'm also going to be in partial loss, since I bought my tokens for 30 satoshis each. But that is a risk I'm going to take to continue this experiment until the end.

You are right in that. When the bitcoin price dropped to around 15,000 - 16,000 $, the FUN price also dropped in dollar, but against BTC, it dropped less so the value went up until around 40 satoshis. But in the end, the price of the FUN tokens will not really matter as after +/- 1 year you will have your investment back thanks to the WOF and the daily interest. Keep us updated and as I always like to see experiments like this.

[DoublerHunter]

Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  . I hope FUN token will rise just to get back what  I invest.

^That is not bad as long as you hold it for a long time and set a goal of profit. Because the market already grew up altogether with BTC and that is the reason you bought tokens at a higher price. But that is not a problem if you set a goal of taking a profit, as they have said, there are no called losses if you will not sell your token under the price where you purchased it. Gambling tokens will take time to arise even though the market shows resistance it just because of the low trading volume.

[bitcampaign]

Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  . I hope FUN token will rise just to get back what  I invest.

it's ok guys because if your WOF generates a lot of luck and bonuses when spinning it will generate some satoshi, so I don't think there is anything to lose holding FUN because it will also bring another chance to get prizes as a premium account

[OcTradism]

^That is not bad as long as you hold it for a long time and set a goal of profit. Because the market already grew up altogether with BTC and that is the reason you bought tokens at a higher price. But that is not a problem if you set a goal of taking a profit, as they have said, there are no called losses if you will not sell your token under the price where you purchased it. Gambling tokens will take time to arise even though the market shows resistance it just because of the low trading volume.

Buying altcoins when market is very bullish is risky if you don't exit at right times even you have to accept a draw or minor loss. It is more risky when you buying altcoins in bear market which with a downtrend will continue many months. Along their downtrend, there are bounces that are chances for buyers who joined at top to cut their loses or for smart people who rejected to join at tops and waited patiently to buy around bouncing points and get profit.

Very little people who have good discipline to cut loss and have enough patience to wait for bouncing points to hop on and get profit.

A bear market has yet ended so if you want to buy FUN token, it is good but remember to have a plan that last longer than 1 year. Within 1 year or longer, make sure you dollar cost averaging FUN token and have enough patience to wait for bull run in 2024 and 2025.

[Strongkored]

Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  . I hope FUN token will rise just to get back what  I invest.

it's ok guys because if your WOF generates a lot of luck and bonuses when spinning it will generate some satoshi, so I don't think there is anything to lose holding FUN because it will also bring another chance to get prizes as a premium account

Adjustments made by freebitcoin make it rare for you to be able to get big prizes from WoF, it's really fun before there are adjustments you can get big prizes at least 1x a week (if you keep playing them every day) sometimes even more, that's how investment works there is always a risk to bear.

[ethereumhunter]

^That is not bad as long as you hold it for a long time and set a goal of profit. Because the market already grew up altogether with BTC and that is the reason you bought tokens at a higher price. But that is not a problem if you set a goal of taking a profit, as they have said, there are no called losses if you will not sell your token under the price where you purchased it. Gambling tokens will take time to arise even though the market shows resistance it just because of the low trading volume.

Buying altcoins when market is very bullish is risky if you don't exit at right times even you have to accept a draw or minor loss. It is more risky when you buying altcoins in bear market which with a downtrend will continue many months. Along their downtrend, there are bounces that are chances for buyers who joined at top to cut their loses or for smart people who rejected to join at tops and waited patiently to buy around bouncing points and get profit.

Very little people who have good discipline to cut loss and have enough patience to wait for bouncing points to hop on and get profit.

A bear market has yet ended so if you want to buy FUN token, it is good but remember to have a plan that last longer than 1 year. Within 1 year or longer, make sure you dollar cost averaging FUN token and have enough patience to wait for bull run in 2024 and 2025.

Now is a good time to buy FUN tokens as the price hasn't increased too much. We must have a plan for how long we can invest in FUN tokens and don't forget to invest in bitcoin because bitcoin is our main investment. I can't imagine how high the FUN token price will be when the altcoin season comes to the market. The price may exceed our expectations, which is what investors who have been saving and staking FUN tokens for a long time will get.

And make sure only to buy FUN tokens when the price drops, which will trigger a drop in the bitcoin price. It will be a good moment to buy FUN tokens so you can buy them in large quantities.

[AbuBhakar]

^That is not bad as long as you hold it for a long time and set a goal of profit. Because the market already grew up altogether with BTC and that is the reason you bought tokens at a higher price. But that is not a problem if you set a goal of taking a profit, as they have said, there are no called losses if you will not sell your token under the price where you purchased it. Gambling tokens will take time to arise even though the market shows resistance it just because of the low trading volume.

Buying altcoins when market is very bullish is risky if you don't exit at right times even you have to accept a draw or minor loss. It is more risky when you buying altcoins in bear market which with a downtrend will continue many months. Along their downtrend, there are bounces that are chances for buyers who joined at top to cut their loses or for smart people who rejected to join at tops and waited patiently to buy around bouncing points and get profit.

Very little people who have good discipline to cut loss and have enough patience to wait for bouncing points to hop on and get profit.

A bear market has yet ended so if you want to buy FUN token, it is good but remember to have a plan that last longer than 1 year. Within 1 year or longer, make sure you dollar cost averaging FUN token and have enough patience to wait for bull run in 2024 and 2025.

Now is a good time to buy FUN tokens as the price hasn't increased too much. We must have a plan for how long we can invest in FUN tokens and don't forget to invest in bitcoin because bitcoin is our main investment. I can't imagine how high the FUN token price will be when the altcoin season comes to the market. The price may exceed our expectations, which is what investors who have been saving and staking FUN tokens for a long time will get.

And make sure only to buy FUN tokens when the price drops, which will trigger a drop in the bitcoin price. It will be a good moment to buy FUN tokens so you can buy them in large quantities.

The problem on investing with FUN tokens was it’s supply is very massive which is 10+Billion tokens in circulation. This kind of tokens usually very hard to be pump especially if the utility is just for the token. Although it’s circulating supply is already closed to the maximum supply, Lowering the total supply will be a great feature from this token since this is not the original native coin of Freebitco.in.

I don’t know if there’s a token burn feature of this token but adding it will surely gives boost to the price since the circulating supply is already near to the max limit.

[Fivestar4everMVP]

^That is not bad as long as you hold it for a long time and set a goal of profit. Because the market already grew up altogether with BTC and that is the reason you bought tokens at a higher price. But that is not a problem if you set a goal of taking a profit, as they have said, there are no called losses if you will not sell your token under the price where you purchased it. Gambling tokens will take time to arise even though the market shows resistance it just because of the low trading volume.

Buying altcoins when market is very bullish is risky if you don't exit at right times even you have to accept a draw or minor loss. It is more risky when you buying altcoins in bear market which with a downtrend will continue many months. Along their downtrend, there are bounces that are chances for buyers who joined at top to cut their loses or for smart people who rejected to join at tops and waited patiently to buy around bouncing points and get profit.

Very little people who have good discipline to cut loss and have enough patience to wait for bouncing points to hop on and get profit.

A bear market has yet ended so if you want to buy FUN token, it is good but remember to have a plan that last longer than 1 year. Within 1 year or longer, make sure you dollar cost averaging FUN token and have enough patience to wait for bull run in 2024 and 2025.

Now is a good time to buy FUN tokens as the price hasn't increased too much. We must have a plan for how long we can invest in FUN tokens and don't forget to invest in bitcoin because bitcoin is our main investment. I can't imagine how high the FUN token price will be when the altcoin season comes to the market. The price may exceed our expectations, which is what investors who have been saving and staking FUN tokens for a long time will get.

And make sure only to buy FUN tokens when the price drops, which will trigger a drop in the bitcoin price. It will be a good moment to buy FUN tokens so you can buy them in large quantities.

The problem on investing with FUN tokens was it’s supply is very massive which is 10+Billion tokens in circulation. This kind of tokens usually very hard to be pump especially if the utility is just for the token. Although it’s circulating supply is already closed to the maximum supply, Lowering the total supply will be a great feature from this token since this is not the original native coin of Freebitco.in.

I don’t know if there’s a token burn feature of this token but adding it will surely gives boost to the price since the circulating supply is already near to the max limit.

I think that supply was one of the major reasons why I didn't buy the token for a long time before now, and this is because I felt that tokens with that much in total supply hard grow in price most especially when they have a very limited usage for the token.
I think i discussed about this on the freebitco's official thread sometime in the past, I was later convinced to invest some small amount in it to see how it goes, and one thing I've discovered is that, even with the huge supply, you are still likely to profit if you buy it and stake it on Freebitco, if the price relatively remain stable, the interest you earn as well as your possible winnings from WOF is likely to cover any loss incurred from holding the token, this is if the token price does not go up significantly during the time you are holding it.

[nakamura12]

I am wondering if op can share the update of his investment in freebitco.in and see the result. When I know about fun token on freebitco.in it makes me wanna buy fun token even if it is a small amount to hold it on their website and see the result later on. If it is good in my opinion even for a small amount then I'll continue doing it. I was thinking the same as op which is to try or let's say experiment in freebitco.in by investing in fun token.

[piebeyb]

Great topic uneng , I follow you from your begining. Thanks to you I bought 12500 FUN token , so I started investment experiment too. Only bad thing right now is that I bought token for 462500 and now they worth 400000 satoshi , so right now I'm -62500 satoshi  . I hope FUN token will rise just to get back what  I invest.

it's ok guys because if your WOF generates a lot of luck and bonuses when spinning it will generate some satoshi, so I don't think there is anything to lose holding FUN because it will also bring another chance to get prizes as a premium account

in WOF there is a reward of 5k satoshi if he gets more than 100 spins WOF collects all of the profits as a premium user, if he is lucky to get 20x out of 100 spins of WOF he gets 5k satoshi it is already returning returns too in my opinion 

[sunsilk]

I am wondering if op can share the update of his investment in freebitco.in and see the result.

You just need to read a bit above from the post that he has made recently. He has given an update on how his investment with FUN is currently doing. It doesn't need to have some numbers if it's going to come from him.

You can rely on this update below and I'll quote it for you.

In my case, right now it would be a good idea to sell my FUN, so I could still profit 2 satoshis on each, besides profit made during the time period the investment has been going on. If FUN falls below 30 satoshis, I'm also going to be in partial loss, since I bought my tokens for 30 satoshis each. But that is a risk I'm going to take to continue this experiment until the end.

[worldofcoins]

I decided to move the topic to gambling section, as it was suggested to me months ago, so more people can get aware of the experiment, on the contrary of Securities section, which isn't known or visited by most forum members.

Moreover, it's part of an investment at a crypto casino platform, so I think it also fits here.

It took you more than six months to act upon the suggestion to move this thread to the gambling section; it seems hilarious (JK). However, thnx for sharing this post and your experience on the same. It looks pretty exciting and would be beneficial for many of us.

[pawanjain]

This is an interesting thread. I have around 6k FUN tokens in my freebitco.in account. I like spinning the WoF spins and getting some sats for free.
Just 6 more months and your investment period will come to an end. It will be interesting to see the results.
Since the prices of crypto have spiked up recently I guess the price of FUN token will rise in the span of next months too.
I hope we see some nice gains at the end.

[redsun114]

^[snip]
Did you already start receiving your daily spin?

It is a nice thread to follow @uneng.
Actually, I have an account on Freebitco.in but I did not open it for a long time, I was sometimes busy and I was not able to collect the free sats given on the faucet. But now --my interest was back upon reading this thread.
So my question is --is that free spin automatically pop-up in your account daily? --like 13 free spins daily?

Yes, it's great for those who also do the same thing or to those who are thinking they will do it. They can check this thread first and see the feedbacks of the people here if it's really worth it or not. Many can relate on your story and that includes me of course.

The reason why is because I got bored claiming thinking that I will never get anything good and it's only wasting my time but then the urge suddenly goes back again after some time especially after I check the freebitco's main thread and I see people there winning big through lottery and hourly faucet claims. Investing in freebit helps us to earn a passive income. Perfect if we are bored and lazy.

[uneng]

The problem on investing with FUN tokens was it’s supply is very massive which is 10+Billion tokens in circulation. This kind of tokens usually very hard to be pump especially if the utility is just for the token. Although it’s circulating supply is already closed to the maximum supply, Lowering the total supply will be a great feature from this token since this is not the original native coin of Freebitco.in.

I don’t know if there’s a token burn feature of this token but adding it will surely gives boost to the price since the circulating supply is already near to the max limit.

Indeed, huge supply is always a cons when investing in altcoins, because it difficults token's price to rise consistently.

But there is a burning feature already every quadrimester, as we can see on official FUN website. I mentioned this days ago in freebitco.in's thread, as you can see quoted below:

Well, this is good news, although the burned tokens correspond to 0,16% of total supply. The more they burn tokens, the better for stability and price increasement on long term. Results are quite positive, since the burning rate is increasing each new quadrimester:




Q4 2022 Burn Announcement

Check the link on the quote above for more informations.

[babygun]

Indeed, huge supply is always a cons when investing in altcoins, because it difficults token's price to rise consistently.

But there is a burning feature already every quadrimester, as we can see on official FUN website. I mentioned this days ago in freebitco.in's thread, as you can see quoted below:

-snip

Interesting, didn't saw this news before but is indeed a positive one; too bad they only do quarterly burns. Checked the price of the FUN tokens but didn't really see an impact on the price; which you should expect however.