Re: Freebitco.in - FUN Token Investment Experiment

^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 its 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 its 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 dont know if theres 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.