Freebitco.in - FUN Token Investment Experiment

[FinneysTrueVision]

and many whales and people who are very well educated in investments will make the mistake of spending money on buying these casino tokens to keep doing hodl when they have bitcoin which is the best investment and the safest, in my opinion I don't see any reason for anyone to casino having a token, is something that does not have a good future for anyone who buys said token.

I initially invested in this token because I thought it could be a good way to earn more BTC. The premium benefits at the beginning were too good to pass up. In the first several months I was reaching the 100k RP threshold to exchange for BTC frequently. Then they silently started nerfing those premium benefits to a point where it was no longer such a great value for early investors.

I still believe casino tokens can work if their developers have a proper long term plan instead of improvising as they go along after having created a lot of hype to maximize profit. With FunToken at least we are getting some passive benefits for hodling but after nearly 3 years, and a huge drop in price, investors want to see more utility and growth for this token.

[noormcs5]

I initially invested in this token because I thought it could be a good way to earn more BTC. The premium benefits at the beginning were too good to pass up. In the first several months I was reaching the 100k RP threshold to exchange for BTC frequently. Then they silently started nerfing those premium benefits to a point where it was no longer such a great value for early investors.

I still believe casino tokens can work if their developers have a proper long term plan instead of improvising as they go along after having created a lot of hype to maximize profit. With FunToken at least we are getting some passive benefits for hodling but after nearly 3 years, and a huge drop in price, investors want to see more utility and growth for this token.

So do you think that this token is not worth holding or this FUN token's future is not bright? I got this feeling from your post but maybe i misunderstood it and you have some other point of view.

I guess there are few gambling site tokens in the market and everyone's performance is almost similar, not so good for now. But if we believe that FUN token would not be able to perform well in the future, then i am afraid that all the gambling sites tokens will be a failure. I am saying this as freebitco is the pioneer site running for a long time and a lot of hope is invested in it's Fun token too.

[dzungmobile]

So do you think that this token is not worth holding or this FUN token's future is not bright? I got this feeling from your post but maybe i misunderstood it and you have some other point of view.

Invest in altcoins in bull run is risky if you join when Bitcoin nearly makes its all time high. Because after that, Bitcoin will trigger a long bear market that usually lasts two or three years. During a long bear market, with count in years, altcoins lose most of their values like 80% or 99%, it is risk with altcoins.

I guess there are few gambling site tokens in the market and everyone's performance is almost similar, not so good for now. But if we believe that FUN token would not be able to perform well in the future, then i am afraid that all the gambling sites tokens will be a failure. I am saying this as freebitco is the pioneer site running for a long time and a lot of hope is invested in it's Fun token too.

Now, things are changing and improving for altcoins. Bottoms are in and a new bull run with Bitcoin than altcoin season will be kicked off. Halving in April will be a very good trigger for market bull run so if anyone has FUN tokens, already hold it for some months, did not sell in a bear market, don't sell it now.

Hold it and wait for market bull run, coming months are like time you should not touch your tokens. Leave it in your self custodial wallets and let it increases in value for your portfolio.

[FinneysTrueVision]

I initially invested in this token because I thought it could be a good way to earn more BTC. The premium benefits at the beginning were too good to pass up. In the first several months I was reaching the 100k RP threshold to exchange for BTC frequently. Then they silently started nerfing those premium benefits to a point where it was no longer such a great value for early investors.

I still believe casino tokens can work if their developers have a proper long term plan instead of improvising as they go along after having created a lot of hype to maximize profit. With FunToken at least we are getting some passive benefits for hodling but after nearly 3 years, and a huge drop in price, investors want to see more utility and growth for this token.

So do you think that this token is not worth holding or this FUN token's future is not bright? I got this feeling from your post but maybe i misunderstood it and you have some other point of view.

I guess there are few gambling site tokens in the market and everyone's performance is almost similar, not so good for now. But if we believe that FUN token would not be able to perform well in the future, then i am afraid that all the gambling sites tokens will be a failure. I am saying this as freebitco is the pioneer site running for a long time and a lot of hope is invested in it's Fun token too.

I don't have any clairvoyance to know what will happen in the future. Just from analyzing its past performance I believe it will continue to underperform compared to Bitcoin and other top altcoins. I still like the additional benefits that come with this token, and will continue acquiring it in small amounts, but if you're not an active user on FreeBitco.in this token serves you no purpose and I would recommend a less risky investment. We can usually count on one or two big pumps per year so if you're patient enough there will be an opportunity to make a good profit during these moments or to at least make up for your losses.

[piebeyb]

Hold it and wait for market bull run, coming months are like time you should not touch your tokens. Leave it in your self custodial wallets and let it increases in value for your portfolio.

For anyone who likes to invest for the long term, they usually won't touch their tokens or coins until their portfolio really slowly rises, I know that there will be a time when the bull market will come, maybe precisely the Bitcoin halving in the middle of this year in the next few months but not everyone believes that it will move the price of all coins other than bitcoin. But if you look at the previous year, the FUN token's price really moved up like the price of Bitcoin.

It all comes back to each person, everyone has a different view on this matter, for anyone who believes that FUN investment is very profitable, they definitely bought it yesterday when the price fell, therefore, to get a profit, it's best to wait a few more months, but that's There is no guarantee that an investment will be successful, all investments are full of risk, so you need to be careful.

[LUCKMCFLY]

Hold it and wait for market bull run, coming months are like time you should not touch your tokens. Leave it in your self custodial wallets and let it increases in value for your portfolio.

For anyone who likes to invest for the long term, they usually won't touch their tokens or coins until their portfolio really slowly rises, I know that there will be a time when the bull market will come, maybe precisely the Bitcoin halving in the middle of this year in the next few months but not everyone believes that it will move the price of all coins other than bitcoin. But if you look at the previous year, the FUN token's price really moved up like the price of Bitcoin.

It all comes back to each person, everyone has a different view on this matter, for anyone who believes that FUN investment is very profitable, they definitely bought it yesterday when the price fell, therefore, to get a profit, it's best to wait a few more months, but that's There is no guarantee that an investment will be successful, all investments are full of risk, so you need to be careful.

I think that this is the only best thing that can be done, or what was said before, to keep the toekns and see what happens in the bullish race of Bicoi, and the only thing we need to know is that investors want to invest their money in these toekns Although there are many cryptoms and tokens in the world, we will always make the ones that generate the most trust and that is what we see, if there is more trust in the tokens we will realize it, it is likely that it will grow a lot, in fact, The toekns fun have a lot of acceptance, but I think they need more publication, more promotion of their things on social networks or something, the price is what everything is worth in these cases, the toeknss do have more life but because they have to Upload it to I swear, but this is the only way they have to get the attention of investors, many investors have stayed there looking for the best projects, obviously in the casino they have set their sights on they have not had much luck.

Until now the casinos that are most successful in this regard have been gfreebitco.in and have been Rollbit, these casinos can obviously make the difference, but as far as we are concerned to see which is the best, well yes, we could say that these are casinos. They have maintained the level, I could talk about a casino like Betfury, which we all believed was going to be the sensation, but that's not the case, it turns out that everything turned out the way it turned out, but nobody wants that toekns, and they don't even respond to those at BitcoinTalk It's really a shame, but now tokens like FUN , like RLB tokens, are becoming more popular, and this is a good thing, I have to say that fun tokens have been around for longer, they are tokens worth buying , because we know that it has a good Future, but I think they lack that, more marketing, that people are encouraged to buy these tokens, because it will really bring them benefits, at any time these tokens can be the best on the market.

[uneng]

I came to see some good results on the thread but it seems the OP has an invalid image. I think OP needs to repost the image and also show the updated information on profitability calculations.

Fixed the images, you can see them now. About my progress, investment is still going on intact, but I lost track of daily extra BTC income. Anyway, you can take the previous spreadsheets as estimative of how much you can expect to earn from this investment.

One thing is sure, everyone is making progress in the premium program launched by Freebitcoin. In comparison with other websites where you can stake FUN but you don't get those additional benefits along with the APY. I am grateful that I staked it on freebitcoin tbh.

Progress is still being made: slowly, but surely. Even with the crash in FUN price I was making nearly 1% profit monthly. However, I decided to cashout a portion of my BTC funds from the platform, so the daily extra BTC income has decreased from 0.00003260 to 0.00001853BTC.

To say the truth, as the experiment has been running for more than 1 year and we have already seen everything it has to offer, I would like to retreat to 12,500 FUN tier level, as it's the best cost-benefit package. However, I'm in a delicate situation, because FUN is too cheap, and by selling it I'm also going to lose a percentage of daily extra income over BTC balance. So, it's probably better to keep holding and locking FUN for some extra profit, for now.


By the last month I shared results here (08/04/2023 - 07/05/2023), ROI was at 18,7609%. Let's round up the following month to 20% ROI, and then consider 1% per month until January, what gives us 27% ROI.

Initial investment of 0.14611140BTC - 27% ROI = 0.10666132BTC

Current investment value of 487038 FUN x 12 satoshis = 0.05844456BTC

So, 0.10666132BTC - 0.05844456BTC = 0.04821676BTC

Value in red is what is left to be recovered to call it a tie.


You are free to share your opinions on what you would do if you were me in this case.

[pawanjain]

To say the truth, as the experiment has been running for more than 1 year and we have already seen everything it has to offer, I would like to retreat to 12,500 FUN tier level, as it's the best cost-benefit package. However, I'm in a delicate situation, because FUN is too cheap, and by selling it I'm also going to lose a percentage of daily extra income over BTC balance. So, it's probably better to keep holding and locking FUN for some extra profit, for now.

If the FUN token price didn't dump that cheap then it would have been very beneficial.
It was a good experiment though which shows that its still not that bad in case of crash and profitable in bull runs.
Even I am holding the 12500 level and locked it for a year to make an extra gain.

[FinneysTrueVision]

By the last month I shared results here (08/04/2023 - 07/05/2023), ROI was at 18,7609%. Let's round up the following month to 20% ROI, and then consider 1% per month until January, what gives us 27% ROI.

Initial investment of 0.14611140BTC - 27% ROI = 0.10666132BTC

Current investment value of 487038 FUN x 12 satoshis = 0.05844456BTC

So, 0.10666132BTC - 0.05844456BTC = 0.04821676BTC

Value in red is what is left to be recovered to call it a tie.


You are free to share your opinions on what you would do if you were me in this case.

When accounting for the losses on FUN Token it brings the actual ROI into a negative amount, -33% by my calculations.  While it’s still millions of satoshis in losses it isn’t too bad. That is an amount that can be recovered with daily interest, FUN savings, WOF spins, and hopefully a big price pump.

I’m at a similar ROI, although my investment started much sooner. I try to look at the positive side. Not every investment is profitable right away. Investing in this token is a massive risk but with the high APY they’re offering on BTC and FUN there is a chance to recover your losses and eventually start making high returns.

[shield132]

Progress is still being made: slowly, but surely. Even with the crash in FUN price I was making nearly 1% profit monthly. However, I decided to cashout a portion of my BTC funds from the platform, so the daily extra BTC income has decreased from 0.00003260 to 0.00001853BTC.

To say the truth, as the experiment has been running for more than 1 year and we have already seen everything it has to offer, I would like to retreat to 12,500 FUN tier level, as it's the best cost-benefit package. However, I'm in a delicate situation, because FUN is too cheap, and by selling it I'm also going to lose a percentage of daily extra income over BTC balance. So, it's probably better to keep holding and locking FUN for some extra profit, for now.

I was expecting more from the FUN token, especially since the Freebitco team acquired the whole FUN project but to be honest, it failed for me but I still have hope that it will rise and reach new ATH in a year or two because Bitcoin halving is coming and it's usual for the whole crypto world to start rising. If I were you, I wouldn't sell them because the price is so low right now that it doesn't worth it. Will it go down further? Then that means that FUN as a project is dead and I don't think it will die. Just my two cents but do as you wish.

[dwyane36]

I was expecting more from the FUN token, especially since the Freebitco team acquired the whole FUN project but to be honest, it failed for me but I still have hope that it will rise and reach new ATH in a year or two because Bitcoin halving is coming and it's usual for the whole crypto world to start rising. If I were you, I wouldn't sell them because the price is so low right now that it doesn't worth it. Will it go down further? Then that means that FUN as a project is dead and I don't think it will die. Just my two cents but do as you wish.

The freebitcoin team will obviously not let the FUN token die, but it is also not worth expecting multiple profits from investments in the FUN token either. I think if we take into account the fact that the FUN token is weakly volatile, during the next alt season its price can probably reach the same level as it was in 2021, but only in the equivalent of usdt, not sats.

[rodskee]

I was expecting more from the FUN token, especially since the Freebitco team acquired the whole FUN project but to be honest, it failed for me but I still have hope that it will rise and reach new ATH in a year or two because Bitcoin halving is coming and it's usual for the whole crypto world to start rising. If I were you, I wouldn't sell them because the price is so low right now that it doesn't worth it. Will it go down further? Then that means that FUN as a project is dead and I don't think it will die. Just my two cents but do as you wish.

The freebitcoin team will obviously not let the FUN token die, but it is also not worth expecting multiple profits from investments in the FUN token either. I think if we take into account the fact that the FUN token is weakly volatile, during the next alt season its price can probably reach the same level as it was in 2021, but only in the equivalent of usdt, not sats.

This means that the only assurance of investors is that their money is in safe place but will
never make them millionaire even in how long , and people that investing in this should realized what
they are missing , instead of trying their chance here why not in more moving currencies that is are
in the top ranks.

I have been playing the free sats from Freebitco.in and in the past I even purchasing tickets
for their lottery but never that I succeed winning even consolation prize so I gave up  .

[avp2306]

I was expecting more from the FUN token, especially since the Freebitco team acquired the whole FUN project but to be honest, it failed for me but I still have hope that it will rise and reach new ATH in a year or two because Bitcoin halving is coming and it's usual for the whole crypto world to start rising. If I were you, I wouldn't sell them because the price is so low right now that it doesn't worth it. Will it go down further? Then that means that FUN as a project is dead and I don't think it will die. Just my two cents but do as you wish.

The freebitcoin team will obviously not let the FUN token die, but it is also not worth expecting multiple profits from investments in the FUN token either. I think if we take into account the fact that the FUN token is weakly volatile, during the next alt season its price can probably reach the same level as it was in 2021, but only in the equivalent of usdt, not sats.

This means that the only assurance of investors is that their money is in safe place but will
never make them millionaire even in how long , and people that investing in this should realized what
they are missing , instead of trying their chance here why not in more moving currencies that is are
in the top ranks.

I have been playing the free sats from Freebitco.in and in the past I even purchasing tickets
for their lottery but never that I succeed winning even consolation prize so I gave up  .

Sometimes they are blinded with their belief that they can earn a lot from those token they think have good potential to pump since they only look of the success or long time operation of the casino but they don't wonder on how this big pump will happen.

Much better if they could just trade the top altcoins what you said since for that there's more potential that they could earn a lot. But since that's there money then I guess we can't do anything since maybe for now they trust to much these casino tokens but for sure once they realize that they are wasting some opportunities for other coins then maybe they would go grab those and add more tokens on their portfolio.

[piebeyb]

I have been playing the free sats from Freebitco.in and in the past I even purchasing tickets
for their lottery but never that I succeed winning even consolation prize so I gave up  .

Since seeing a lottery prize with 10 winners and one of them only having 15 tickets made me interested in buying several lottery tickets for each result that I collect every week free satoshi from freebitcoin and not using personal bitcoins, but it is true that it might just make us give up so it's natural if you give up because the weekly lottery winnings are based on luck and only 10 winners are drawn from more than 50 million registered users, even though there may not be that many active users there.

But in my opinion, looking for luck in the weekly lottery doesn't actually make us lose because of the free bitcoins we collect, even if we don't win, let's just say we return it to them, then we get it again every hour, as usual, collect it again and buy another lottery ticket every week. , keep doing that and don't give up unless we use personal money to buy lots of tickets there, sometimes there are people who have lots of lottery tickets with millions and don't always win the weekly lottery there. it seems like it might be detrimental too. as long as it's free just enjoy it luck will come in the end even if our grandchildren are the ones to carry on and get it later 

[uneng]

This means that the only assurance of investors is that their money is in safe place but will
never make them millionaire even in how long , and people that investing in this should realized what
they are missing , instead of trying their chance here why not in more moving currencies that is are
in the top ranks.

Well, if the platform is reliable on long term, it's possible to make decent profit. If you are going to become a millionaire it will depend on how much you are willing to invest since the beginning. I don't think 1% monthly interest is a bad idea, although if we can take a lesson from this experiment it's to stick with the 12,500 FUN tier level, as it doesn't worth to go beyond that (at least so far).

Altcoins in general are risky investments (including the top ones), and the pros of investing in FUN isn't the token itself, but the raised daily interest it gives over Bitcoin's balance, which should be the main focus of every investors. When investing in FUN, we aren't aiming to accumulate more FUN, but more BTC through holding some FUN in order to boost our Bitcoin earnings.

[Nitsugaash]

Guys, I can't buy or sell my FUNs on freebitcoin!
Actually, I can't even see my FUN balance now, only locked funds.
That issue also appears with my friend's account, he didn't login for a years and I asked him to login to check. The same thing 

Check your accounts please, I have a little worry that freebitcoin decided to rugpull. Hope it's just a glitch that will be fixed soon.

[babygun]

Guys, I can't buy or sell my FUNs on freebitcoin!
Actually, I can't even see my FUN balance now, only locked funds.
That issue also appears with my friend's account, he didn't login for a years and I asked him to login to check. The same thing 

Check your accounts please, I have a little worry that freebitcoin decided to rugpull. Hope it's just a glitch that will be fixed soon.

Checked it out myself but also had a similar problem. You can go to the buy/sell page but there is no price showing up and you get an error when you try to buy it. I don’t believe in a rugpull so it will just be a glitch that should be fixed quickly.

[uneng]

- Your interpretation could be improved considering that the price to sell FUN in some Exchanges can be 1 satoshi higher than in Freebitco.

Hmm, thanks for the information. In that case the current investment value would go up to 0.06331494BTC then.

0.10666132BTC - 0.06331494BTC= 0.04334638BTC

A 10% difference upside by adding 1 single satoshi to each FUN's price. It means that FUN doesn't need to skyrocket, but just have its price raised a little bit, so it will be already enough to make a considerable positive difference for the investment's outcome.

Checked it out myself but also had a similar problem. You can go to the buy/sell page but there is no price showing up and you get an error when you try to buy it. I don’t believe in a rugpull so it will just be a glitch that should be fixed quickly.

I've been reading complaints about it since yesterday at freebitco.in's official thread. Just checked myself right now and it's still not working yet. Let's wait for an official update from the platform, it must be nothing serious to be worried about. I remember other glitches/bugs were already been found in the past on the website, and even though they took some days to give an update to the community, everything was fixed later without any prejudices.

[dwyane36]

I don’t believe in a rugpull so it will just be a glitch that should be fixed quickly.

What? Rug pull? That's out of the question. If it was a rug pull, the FUN token price on centralized exchanges would have dropped to zero by now. However, as you can see, there is no suspicious activity on the exchanges, and trading is going on at a normal pace. Obviously, this is just a technical problem in the backend of the freebitcoin site, which is likely to be fixed shortly.

[FireIce]

Can't buy nor sell fun on freebitco now for a few days...