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Showing 5 of 5 results by Petteko
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Board Scam Accusations
Re: FreeBitco.in (Community Monitoring Thread)
by
Petteko
on 24/02/2025, 19:37:50 UTC
Same here, my last withdraw was in december without problems. I made one yesterday but It still pending.

My guess is that your issue got solved after a day or so. I updated this thread.


I will continue to monitor this site. At the moment, it is not possible to continue using fun tokens strategically.
Post
Topic
Board Gambling
Re: Freebitco.in - FUN Token Investment Experiment
by
Petteko
on 24/02/2025, 19:30:09 UTC
I was just reading on the FUN token and its advanced to triple its market cap in the last month or so which is impressive but its not kept up with BTC which is hard to do.

The main knock to his investment idea was the reduction in prizes given perhaps.  If we consider the above that BTC growth is outsized part of gains comparatively.  So the prizes were initially 5000 I think including the BTC prize so OP as part of his FUN token would have been gaining some yield in BTC.

   Hence he would have partaken in the recent BTC growth, thats greatly reduced to the scenario now.   Even worse the reduced pay for the spins cant be written in as the spins have not been yielding or even given out for some months.   So thats looking bad, apparently its going to be fixed but at present there is some default on his whole investment thesis.
   The project for that FUN token does seem to be actively improving so hope that works out.   Which tokens have outperformed BTC since OP date, Im ready to be impressed but its surely not easy to do.

You can no longer deposit FUN tokens into FreeBitco.in from external wallets. The only way to acquire FUN is to buy it directly on the site at a significantly higher price than external markets. This feels deliberate:

  •     Artificial Control: By blocking external deposits, FreeBitco.in forces users into their inflated internal market.

        No Exit Strategy: If you bought FUN elsewhere, you’re stuck. If you buy it on-site, you’re overpaying.


I was also thinking about why it doesn’t make sense to invest in casino tokens or many other projects. Maybe it’s all about inflation? Like, how can something be profitable if it gets spread everywhere? At first, yeah, it’s profitable, but then when you try to cash out later, the tokens are worth nothing. Anyway, just some thoughts I’m tossing around, and I’d love to hear someone’s take on it. Seems like it makes more sense to look at projects with a deflationary model. I’m sure you’ve heard of earnm, though. What do you think? They don’t have endless tokens, and you can earn them pretty easily just by being online and doing basic tasks. Maybe this is the kind of project you could consider in the long term.

FreeBitco.in’s infinite token supply guarantees depreciation. Compare this to deflationary models like Earnm, where scarcity drives value. Here, the more FUN is minted, the less it’s worth. It's a race to the bottom.
Post
Topic
Board Scam Accusations
Re: FreeBitco.in (Community Monitoring Thread)
by
Petteko
on 12/02/2025, 17:14:04 UTC
The problems date back almost a year. Haven't you seen wetsuit's trust feedback nor the active flag against him?

They date from the end of May, but the problems had been going on for a long time, what happens is that with the previous good reputation they had, you always think that if there is a problem, it will be a temporary thing that they will solve. Since then the site is still working with problems, and as there are many people like you who despite the problems were still using it, whoever is in charge seems to have decided some time ago that it is not worth the effort because they make money anyway.

I understand. I became aware of these issues much later. I wasn’t paying close attention until August 2024, and even then, I only started investigating seriously in October 2024, long after the WOF went down. I’ve seen more erratic problems popping up, but they often seemed resolved within days. At the time, I assumed the team was struggling with the disastrous profit scheme tied to the FUN token. If it wasn't a scam, it was at least an ill-conceived gamble that blew up in their faces.

My stance stayed neutral long enough. Then, less so. With no clear proof of an exit scam, I kept testing whether the site could still function. Even now, if support replies, it’s would be good, but also misleading as empty replies won’t save a sinking ship.

And sure, you’d think if they were going down, they’d at least notify the users, right? I mean, even the shadiest exchanges in the past put clearer signs or made half-hearted efforts. So here we are. I’m not trying to slap a scam label or make a panic thread, just to track what’s actually happening and, of course, that would serve as awareness to anyone. If whoever is in charge clearly stopped caring about their reputation or damage control.

Let’s see where this ends.
Post
Topic
Board Scam Accusations
Topic OP
FreeBitco.in (Community Monitoring Thread)
by
Petteko
on 12/02/2025, 16:13:01 UTC
This post serves as an updated 2025 warning for anyone researching the site FreeBitco.in. We’re unsure whether the platform is planning an exit scam or facing other issues, but this thread is intended for tracking issues until the site either addresses concerns or confirms suspicions.

I’ve had minor issues in the past, like instant withdrawals taking exactly 6 hours (the same as slow withdrawals), and the site went offline for a period not long ago.

Despite these hiccups, FreeBitco.in functioned properly for me until January 20, 2025. In late 2024, I even cashed out over 100K Reward Points (RP) without problems, so things seemed stable. For context: I’m a VIP member with significant FUN tokens locked in, was highly active in prior years, and have let the site rest from time to time in large periods of time.

Frankly, I don't care about the FUN tokens. My concern is the erosion of trust in a faucet that operated ok for so many years until 2024.

Currently, I have two withdrawals stuck in "pending payout" status, with the numbers in blue. I’ll use this thread to share updates on whether these issues resolve or worsen from my perspective.

If you’ve experienced similar problems, post your observations here so we can monitor the situation together.
Post
Topic
Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
Petteko
on 12/02/2025, 15:38:51 UTC
Trust is not easy.

An instant withdrawal made last night has not yet been processed. Of course, there is no customer service.


Same here, more than 12 hours since the withdrawal. Two different, one Instant and one Slow.

I made a big withdrawal late January, as a kind of proof, everything was working except Instant was not instant but the same as slow.