Post
Topic
Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
dwyane36
on 27/02/2024, 11:59:20 UTC

The increase in BTC prices makes the price of FUN below 10 Satoshi, is it possible that it will drop to 7 Satoshi if BTC breaks the price of $65,000?
If there is no movement in the FUN price with the stablecoin pair, maybe they will continue to fall with the BTC exchange pair, because the BTC price is currently increasing above $56k, I think this is for FUN holders who have bought it with BTC, of course it will be very detrimental if they sell it into current form of BTC, so in my opinion selling FUN at this time is the wrong move because the price in exchanging pairs with BTC has decreased on this site to around 9 satoshi while the buying price is still around 11 satoshi.

I would probably prefer to withdraw all the FUN tokens to the exchange site and sell them to stablecoins rather than selling them in the form of BTC whose value is quite high for now so the exchange pair with BTC will definitely decrease not only FUN tokens but also other tokens and cryptos that have exchanges pair with BTC because of the difference in value which makes all prices go down, it is possible that if the BTC price breaks the $60k mark of course the price of FUN will fall further in value, maybe below 10 satoshi

Unfortunately, there is no indication that the FUN token will rise against BTC. If you look at the graph for all time, you can note that the FUN token price is now at its lowest level in the BTC equivalent.
As you said, there is a big spread between buying and selling FUN tokens on the freebitcoin site, and the problem is that this spread may become even bigger, i.e. it could be a complete disadvantage to users.