Freebitco.in - FUN Token Investment Experiment

[rdbase]

I remember that when the site adopted the token the general comment in the forum was that in addition to the benefits that the site gave you it would help the token to appreciate in value. Even I who am not a shitcoins person bought some tokens, but I soon sold them because the price behavior was always worse than that of the Bitcoin.

You might won't believe but I bought 5000$ worth of FUN tokens and I held them for some months, thank god I sold them before it was too late and got some profit. I bought these coins because they were valued very high in 2017-2018 and I thought since Freebitco acquired them, FUN token would increase in price and go to the moon. I think that this project failed, I was hoping that this coin would rise in this bull run but it's not going as I expected.

As some other member suggested, even if the FUN token never reaches the same price again as before, you will still end up in profit because of the premium membership if you hold it long enough.

If you bought this coin when the price was 0.035 on average, you won't profit, premium membership only gives you 25% APY and it would take years to get 100% of your investment back. The price is also going down, which is making it almost impossible to profit. Your profit with the FUN token depends on the time you bought it and the price during that time.

As with anything to do with the altcoin markets only the early investors reap the highest amount in profits.
So if you got in when they started, assuming the tokens were worth a tenth of a penny.
Then you made alot of profit so far.
Even if one token is worth around half a penny each now.

I remember when I was gambling like crazy on multiplier game during promo days. RPs received every 500 satoshis wagered were raised by x5, so I was able to hit the 100,000 RPs mark really fast. I made 200,000 or 300,000 RPs in a single day once. At same time it's great and makes you feel good, it's also dangerous, because it starts increasing the invincibility feeling inside you. Profit is made so easily and instantly, that you think nothing can stop you anymore, so you progressively get less and less shy on the game, risking higher and higher, until finding out you were just a mortal, like everyone else.

In the end, all the extra RPs, cashback, Golden Tickets and lottery tickets received aren't enough to overcome your total loss on long term. They are just baits to keep you gambling further. Freebitco.in can be really profitable, and thankfully it has been to me, but if that is your goal, you have to stay away from the gambling boards...

But you invested $5000 according to the OP. Thirty satoshis almost a year and a half ago were worth alot less than they are now.
So at what price per token did you start to invest?

[dwyane36]

If it rises back to its peak in 2021, it will be about x10 from $0.0006, not too bad ROI.

Issue is not sure will the token can make similar rise like in 2021 bull run. I didn't know why this token fell a lot since 2017 and 2018 but my guess will go to its bad tokenomics. Because you are a long time investor in $FUN token, could you share what you know and your opinion on $FUN tokenomics, please.

It's not just about tokenomics. There was a prolonged bearish trend during that time(2018+), and the price of almost all coins and tokens was falling because the hype around ICO was over. So, the fact that the FUN token still exists and is still active is a good thing, although we shouldn't expect any significant pump from this token during the bull run.

[Jawhead999]

It's not just about tokenomics. There was a prolonged bearish trend during that time(2018+), and the price of almost all coins and tokens was falling because the hype around ICO was over. So, the fact that the FUN token still exists and is still active is a good thing, although we shouldn't expect any significant pump from this token during the bull run.

It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

Actually the purpose of FUN token created is good, unfortunately they can't able to realize it to reality. Creating a new token is easy and they will earn more money compared to adopting FUN token, so other casino tend to create their own native token.

[shield132]

As with anything to do with the altcoin markets only the early investors reap the highest amount in profits.
So if you got in when they started, assuming the tokens were worth a tenth of a penny.
Then you made alot of profit so far.
Even if one token is worth around half a penny each now.

The price for one FUN at ICO was $0.00711. Today the price per token is $0.00572. Investment in FUN token was only profitable for those who bought it during or soon after the ICO and sold it during the bull market in 2018. Then the price went down and there was again one profitable moment. In 2020 Freebitco.in announced that it would buy FUN token and it created a positive environment for token to become popular again and price went up. If someone bought it during the announcement and sold it during the bull market, then they definitely will be in profit, like I did but this coin failed as a long-term investment and that's the most important part for investors. At the moment FUN token's price is one of the lowest it has seen since 2017.

[BlackBoss_]

The price for one FUN at ICO was $0.00711. Today the price per token is $0.00572. Investment in FUN token was only profitable for those who bought it during or soon after the ICO and sold it during the bull market in 2018. Then the price went down and there was again one profitable moment. In 2020 Freebitco.in announced that it would buy FUN token and it created a positive environment for token to become popular again and price went up. If someone bought it during the announcement and sold it during the bull market, then they definitely will be in profit, like I did but this coin failed as a long-term investment and that's the most important part for investors. At the moment FUN token's price is one of the lowest it has seen since 2017.

From the price of FUND token in ICO to today price, it looks good. It does not give profit by holding the token but the token does not die and price does not lose too much.

I don't know price around $0.005 is bottom price but if I don't know ICO price, I would consider it is a bottom price range for me to accumulate the token. Your sharing is interesting too as it helps me to know reasons behind too big pumps of FUN token. The pump in 2021 is interesting but it was supported by a big news from Freebitco.in team.

Will we have anything big from the casino, to support the token rally in 2024 and 2025?

[dwyane36]

It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

I don't find anything weird about this. According to the data on the CMC website, the ATH of the FUN token was either 33 cents in 2017 or 19 cents in early '18. Even if there is a strong alt season, I wouldn't expect the FUN token to reach the new ATH. In the current realities, a more or less optimistic forecast for the FUN token is to reach 5-6 cents, i.e. the price that was in 2021.

[iv4n]

It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

I don't find anything weird about this. According to the data on the CMC website, the ATH of the FUN token was either 33 cents in 2017 or 19 cents in early '18. Even if there is a strong alt season, I wouldn't expect the FUN token to reach the new ATH. In the current realities, a more or less optimistic forecast for the FUN token is to reach 5-6 cents, i.e. the price that was in 2021.

I think that the "weird" part is that the FUN token price was 1000 sats in early 2018 (https://www.coingecko.com/en/coins/funtoken/btc), and that was 20 cents, but from that point FUN has been going down and now we have that 10 sats price. So the only way for FUN to reach 5-6 cents is for BTC to raise x10, and then 10 sats will be worth 5-6 cents. Of course, if the FUN token maintains this price of 10 satoshis. And will the FUN token manage to hold on to 10 sats or will it continue to sink?

[BlackBoss_]

I think that the "weird" part is that the FUN token price was 1000 sats in early 2018 (https://www.coingecko.com/en/coins/funtoken/btc), and that was 20 cents, but from that point FUN has been going down and now we have that 10 sats price. So the only way for FUN to reach 5-6 cents is for BTC to raise x10, and then 10 sats will be worth 5-6 cents. Of course, if the FUN token maintains this price of 10 satoshis. And will the FUN token manage to hold on to 10 sats or will it continue to sink?

Usually altcoins lose in their pairs with bitcoin and altcoins can rise in USD pairs but if you hold them over years, you will see your portfolio lose in BTC value.

If you invest in altcoins, consider you spend your money in USD/ stable coin to buy altcoins. If your portfolio rises in USD/ stablecoin value, it's good.

If you worry that you will lose your bitcoins by investment into altcoins, just don't buy altcoins, hold your bitcoin.

I agree that FUN token didn't have good performance in either BTC or USD pair.

[noormcs5]

It's weird they didn't reach new ATH or at least recover, because if we compare with the other altcoins, they're following Bitcoin trends.

I don't find anything weird about this. According to the data on the CMC website, the ATH of the FUN token was either 33 cents in 2017 or 19 cents in early '18. Even if there is a strong alt season, I wouldn't expect the FUN token to reach the new ATH. In the current realities, a more or less optimistic forecast for the FUN token is to reach 5-6 cents, i.e. the price that was in 2021.

I think that the "weird" part is that the FUN token price was 1000 sats in early 2018 (https://www.coingecko.com/en/coins/funtoken/btc), and that was 20 cents, but from that point FUN has been going down and now we have that 10 sats price. So the only way for FUN to reach 5-6 cents is for BTC to raise x10, and then 10 sats will be worth 5-6 cents. Of course, if the FUN token maintains this price of 10 satoshis. And will the FUN token manage to hold on to 10 sats or will it continue to sink?

I think that we may not have to wait for BTC to raise 10x in order for the FUN token price to rise ten times. Usually, a good momentum of the bitcoin for sometimes usually causes the altcoins to pump a lot higher. The thing is that we need the trend of the gambling coins and the games coins and then we may see the surge in Fun token prices. For example right now we are seeing the trend in the meme coins and every other meme coins are pumping hard. Previously we saw the pump in the AI based coins and they pumped hard.

I also remember that in the last bull market, we had a defi hype and all the defi coins had a good pump. It's just a matter of time before the whales will be eyeing the gambling coins and our investments in the FUN token will pay off.



Last three months FUN Token price.
Source:- https://www.coingecko.com/en/coins/funtoken

[Unsoldier]

I read Official FUNtoken chat on telegram. There are various contests and events there all the time. But of course it does not affect the price of the token. I think token owners don't care too much about the price, they just want people to have fun. Price is a secondary issue for them. So don't wait for the token price to increase, it's better to try to earn FUN by participating in the contests that are held in the chat room of the project.

[Strongkored]

I read Official FUNtoken chat on telegram. There are various contests and events there all the time. But of course it does not affect the price of the token. I think token owners don't care too much about the price, they just want people to have fun. Price is a secondary issue for them. So don't wait for the token price to increase, it's better to try to earn FUN by participating in the contests that are held in the chat room of the project.

I don't follow their telegram account so I don't know if they hold many contests, but the results obtained will really depend on the number of prizes given and also the number of participants.
I know that dplaycasino where FUN Tokens are used has many promotions that token holders can use if they want to benefit from these promotions, such as first, second and third bonuses for deposits and also free spins, maybe those who want to know can go directly to this gambling website by clicking on the promotions section .
Regarding the price of the FUN Token, I don't really hope that the price will rise high, for example to 20 satoshi because it seems quite difficult, although it could happen if something exciting is developed by this token developers.

[dwyane36]

The thing is that we need the trend of the gambling coins and the games coins and then we may see the surge in Fun token prices. For example right now we are seeing the trend in the meme coins and every other meme coins are pumping hard. Previously we saw the pump in the AI based coins and they pumped hard.

The trend of gambling tokens may never come. First of all, there are not so many such tokens on the market, and they can not be used in all countries due to restrictions from regulators. Secondly, I would say that this kind of token is only interesting for those, who are fond of gambling, i.e., it is a relatively small audience. In this context, meme tokens have a huge advantage because they are more attractive and accessible to a mass audience.

[LUCKMCFLY]

The thing is that we need the trend of the gambling coins and the games coins and then we may see the surge in Fun token prices. For example right now we are seeing the trend in the meme coins and every other meme coins are pumping hard. Previously we saw the pump in the AI based coins and they pumped hard.

The trend of gambling tokens may never come. First of all, there are not so many such tokens on the market, and they can not be used in all countries due to restrictions from regulators. Secondly, I would say that this kind of token is only interesting for those, who are fond of gambling, i.e., it is a relatively small audience. In this context, meme tokens have a huge advantage because they are more attractive and accessible to a mass audience.

What you say is very good reasoning, when there is a tendency for a type of currency to rise, it happens, it is like a fashion, what you say is very true, above all what caught my attention was a coin called pepe, and That had a bullish movement which left me surprised, so based on these things we could say that when currencies go up it is due to a large amount of emotions on the part of the majority of the people who are in the middle always looking to see what happens or What is the greatest tendency to go out and take advantage of the moment, of course fun tokens have existed for a long time, they have a good project, but I think that if they want to move it forward what they should do is find a way to do contests, or do any other thing. something, for example looking for the movement of tokens, even advertising it on social networks, doing raffles to win those tokens, all this helps.

When investors see the movement of currencies they evaluate the price, the market momentum and especially if they are a safe long-term investment, but the price must rise or rise to attract attention.

[Quidat]

The thing is that we need the trend of the gambling coins and the games coins and then we may see the surge in Fun token prices. For example right now we are seeing the trend in the meme coins and every other meme coins are pumping hard. Previously we saw the pump in the AI based coins and they pumped hard.

The trend of gambling tokens may never come. First of all, there are not so many such tokens on the market, and they can not be used in all countries due to restrictions from regulators. Secondly, I would say that this kind of token is only interesting for those, who are fond of gambling, i.e., it is a relatively small audience. In this context, meme tokens have a huge advantage because they are more attractive and accessible to a mass audience.

What you say is very good reasoning, when there is a tendency for a type of currency to rise, it happens, it is like a fashion, what you say is very true, above all what caught my attention was a coin called pepe, and That had a bullish movement which left me surprised, so based on these things we could say that when currencies go up it is due to a large amount of emotions on the part of the majority of the people who are in the middle always looking to see what happens or What is the greatest tendency to go out and take advantage of the moment, of course fun tokens have existed for a long time, they have a good project, but I think that if they want to move it forward what they should do is find a way to do contests, or do any other thing. something, for example looking for the movement of tokens, even advertising it on social networks, doing raffles to win those tokens, all this helps.

When investors see the movement of currencies they evaluate the price, the market momentum and especially if they are a safe long-term investment, but the price must rise or rise to attract attention.

Trying out to compared casino-based tokens into those known meme coins then you could really be able to differentiate when it comes to the community and hype that supports it.
When it comes to community driven based projects or coins then you could really be able to see that there is really that so much interest into meme coins than with those casino based tokens.
Lets say that they do really have that kind of utility but doesnt mean that it would really be that much better compared to meme coins and this is something that their main difference.
The only token i have seen that it is really getting some attention is that RLB which is on Rollbit token on which its price is really that something that is really significantly having that kind of
movement on which it is something that you cant be able to see into other tokens in the market specially if its based on gambling-token.

[babygun]

The thing is that we need the trend of the gambling coins and the games coins and then we may see the surge in Fun token prices. For example right now we are seeing the trend in the meme coins and every other meme coins are pumping hard. Previously we saw the pump in the AI based coins and they pumped hard.

The trend of gambling tokens may never come. First of all, there are not so many such tokens on the market, and they can not be used in all countries due to restrictions from regulators. Secondly, I would say that this kind of token is only interesting for those, who are fond of gambling, i.e., it is a relatively small audience. In this context, meme tokens have a huge advantage because they are more attractive and accessible to a mass audience.

Gambling is indeed for a smaller audience but it is not only gambling fans who will buy the gambling tokens; most people will just buy it as they think they can make a profit out of it. But as you mention, memecoins will attract a much bigger audience and get much more attention in the media also.

[iv4n]

The trend of gambling tokens may never come. First of all, there are not so many such tokens on the market, and they can not be used in all countries due to restrictions from regulators. Secondly, I would say that this kind of token is only interesting for those, who are fond of gambling, i.e., it is a relatively small audience. In this context, meme tokens have a huge advantage because they are more attractive and accessible to a mass audience.

Gambling is indeed for a smaller audience but it is not only gambling fans who will buy the gambling tokens; most people will just buy it as they think they can make a profit out of it. But as you mention, memecoins will attract a much bigger audience and get much more attention in the media also.

As I am aware, but correct me if I am wrong, none of the gambling tokens ever made anything spectacular, while some meme coins made some crazy returns. Maybe Elon is the one responsible for that, he started talking about Doge and (one of the biggest surprises in crypto in my opinion) Doge ATH was $0.74... Now we have a lot of meme coins around and it seems that many people are trying to make a fortune with them.

I also think that gambling tokens are not so popular even among gamblers, some people like them, and some don't... anyway, those who like to gamble in dividend-based casinos will earn them just by playing, but it would be interesting to know how many non-gamblers invest in casino tokens, and if there are any at all.

[LUCKMCFLY]

The thing is that we need the trend of the gambling coins and the games coins and then we may see the surge in Fun token prices. For example right now we are seeing the trend in the meme coins and every other meme coins are pumping hard. Previously we saw the pump in the AI based coins and they pumped hard.

The trend of gambling tokens may never come. First of all, there are not so many such tokens on the market, and they can not be used in all countries due to restrictions from regulators. Secondly, I would say that this kind of token is only interesting for those, who are fond of gambling, i.e., it is a relatively small audience. In this context, meme tokens have a huge advantage because they are more attractive and accessible to a mass audience.

What you say is very good reasoning, when there is a tendency for a type of currency to rise, it happens, it is like a fashion, what you say is very true, above all what caught my attention was a coin called pepe, and That had a bullish movement which left me surprised, so based on these things we could say that when currencies go up it is due to a large amount of emotions on the part of the majority of the people who are in the middle always looking to see what happens or What is the greatest tendency to go out and take advantage of the moment, of course fun tokens have existed for a long time, they have a good project, but I think that if they want to move it forward what they should do is find a way to do contests, or do any other thing. something, for example looking for the movement of tokens, even advertising it on social networks, doing raffles to win those tokens, all this helps.

When investors see the movement of currencies they evaluate the price, the market momentum and especially if they are a safe long-term investment, but the price must rise or rise to attract attention.

Trying out to compared casino-based tokens into those known meme coins then you could really be able to differentiate when it comes to the community and hype that supports it.
When it comes to community driven based projects or coins then you could really be able to see that there is really that so much interest into meme coins than with those casino based tokens.
Lets say that they do really have that kind of utility but doesnt mean that it would really be that much better compared to meme coins and this is something that their main difference.
The only token i have seen that it is really getting some attention is that RLB which is on Rollbit token on which its price is really that something that is really significantly having that kind of
movement on which it is something that you cant be able to see into other tokens in the market specially if its based on gambling-token.

You are right, but there is one thing that sites have not taken full advantage of, that tokens and all this should take advantage of the moment to make a difference, that is, the market is jumping into a good bullish rally, and it can happen that things can be very favourable for those who have bitcoin, and when there are well-defined projects what they do is take advantage of the moment to resurface, and in this case when a project has tokens with a large community they can attract the attention of investors and gradually invest in their tokens, because when the bitcoin rises, when there is the first correction investors take the opportunity to buy altcoins, especially altcoins that are more reliable and famous that they know they can give good profitability, and what better thing to buy in reliable projects, so I think Rollbit is doing things very well.

[shield132]

From the price of FUND token in ICO to today price, it looks good. It does not give profit by holding the token but the token does not die and price does not lose too much.

I don't know price around $0.005 is bottom price but if I don't know ICO price, I would consider it is a bottom price range for me to accumulate the token. Your sharing is interesting too as it helps me to know reasons behind too big pumps of FUN token. The pump in 2021 is interesting but it was supported by a big news from Freebitco.in team.

Will we have anything big from the casino, to support the token rally in 2024 and 2025?

ICO price was 0.007$ and today it costs 0.007$ again but weeks ago it was between 0.004 and 0.005$. How does it look good? I can't agree with you because token dies, it reached ATH in 2018, 0.19$ and now went lower than ico price. Freebitco might have grown as the casino but it's very hard right now to make investors interested in this coin again. I personally wouldn't invest it if we have a look at its past price. To my mind, there is only way for Freebitco to survive this coin and it's if Freebitco rebrands itself and creates a new casino with amazing games and features, a casino that will be at the level of Stake, Sportsbet, Rollbit and etc...

[virasog]

As I am aware, but correct me if I am wrong, none of the gambling tokens ever made anything spectacular, while some meme coins made some crazy returns. Maybe Elon is the one responsible for that, he started talking about Doge and (one of the biggest surprises in crypto in my opinion) Doge ATH was $0.74... Now we have a lot of meme coins around and it seems that many people are trying to make a fortune with them.

I think it is not fair to compare the meme tokens with the gambling tokens. The meme tokens have no use case and they rise or pump based on the hype and they are usually very short-lived.
On the other hand, the tokens with use cases like gambling tokens have a proper project / use case and they tend to remain alive for as long as the platform is around. The success of these tokens depends upon how good is the gambling site and what is the use case of the token.

I also think that gambling tokens are not so popular even among gamblers, some people like them, and some don't... anyway, those who like to gamble in dividend-based casinos will earn them just by playing, but it would be interesting to know how many non-gamblers invest in casino tokens, and if there are any at all.

Well, there will be a time when gambling tokens will get hype. Some tokens may not remain in trend always and it is only a few times when we see a rally in these coins and gambling tokens fall in this category. I feel that the Fun token will show some good returns in the peak of the bull market and alt season, although the current prices of the FUN token are very close to their all-time low.

[GxSTxV]

ICO price was 0.007$ and today it costs 0.007$ again but weeks ago it was between 0.004 and 0.005$. How does it look good? I can't agree with you because token dies, it reached ATH in 2018, 0.19$ and now went lower than ico price. Freebitco might have grown as the casino but it's very hard right now to make investors interested in this coin again. I personally wouldn't invest it if we have a look at its past price. To my mind, there is only way for Freebitco to survive this coin and it's if Freebitco rebrands itself and creates a new casino with amazing games and features, a casino that will be at the level of Stake, Sportsbet, Rollbit and etc...

First days of FUN token were good as a new idea and was looking good for investing, Later on the investors started to sell their tokens and claiming profits since there wasn’t much updates about it or a community where they share events and updates. In general it wasn’t a failure but it could do better as a token related with the first and most known faucet of Bitcoin.

The suggestion you gave about creating a new brand casino, I find Freebitco.in as a great casino with their unique style, true it doesn’t offer as much as games we find in other regular casinos. However, you should know this casino is also a faucet and offers only Bitcoin as a payment system, while FUN token can be deposited directly to their partner casinos, I have myself transferred some FUN to one of their partners where they use FUN as a token for deposits and withdrawals.

What FUN needs in my personal opinion is more marketing, and better staking rewards.