@ RK Lectio
2024-11-14 06:28:56
# Warning
- This is not investment advice. It is simply a personal experience of mine using this tool. Anyone who reads my article and decides to use this tool should conduct their own research to ensure they are fully informed.
- The level of risk is as a gambling account. There is still uncertainty about the risk associated with third-party involvement, even though operations have been ongoing since 2014.
- I have an [affiliate link]((https://freebitco.in/?r=52348229). If you use the link, there’s a bonus from the website, which you can track through their emails.
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Hello #siamstr #plebchain
I have a tool I’ve been using to #stacksat for about a year since I've been living here on #nostr . I first saw this tool from a new friend I recently met in this land. The tool is called Freebitcoin → [Freebico.in](https://freebitco.in/?r=52348229)
This website explicitly presents itself as a gambling and online casino platform, with all winnings from gameplay paid in BTC.
### Games Available
#### HI LO
As the name suggests, it’s a Hi-Lo game, though I don’t play it myself. I’ll skip this one, but if anyone knows how to play and is skilled, feel free to try.
#### Lottery
This is like buying lottery tickets, with draws every Sunday at the cost of 1 sat/1 lottery ticket. Personally, I’m not lucky with these things; even when I’ve received 3 or 4 free tickets in real life, I’ve lost every time. So, I’ll skip this one too, but if you’re lucky with lotteries, go ahead and try it.
#### Free BTC
This is the main way I make money on this website, and I **recommend everyone do** the same because there’s no loss involved, and you’re guaranteed some sats every hour. The amount varies, but you’ll get something based on your luck.
The method is simple: every hour, you roll the dice by clicking.
I**n this example, I just clicked, so I’ll need to wait another 44 minutes to play again.**
The website will randomly generate a lucky number, and you’ll receive sats according to the number you get. The top prize has a value of $200 USD in sats at the current rate. This site references prices from Bitstamp.
Back in 2023, when BTC/USD was around 20,000 the minimum prize was 7 sats, but as BTC/USD rose, the reward amount decreased proportionally, with the minimum being 1 sat/hour.
Think about it—if you’re already at your screen working, you can click once an hour and at least get 24 sats a day.
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#### Earn BTC
This is another method I recommend. If you have a minimum of **30,000 sat**in your wallet, the site will pay you an **annual interest of 4.08% (APR 4.08%)**. Payments are made daily at random times but are guaranteed.
The site explains that this random payment timing helps prevent "whales" from depositing large amounts to earn interest and then withdrawing right after. This practice would disrupt their cash flow and potentially impact other users.
Just yesterday, on November 1, 2024, I accumulated 68,638 sats from **Betting**, which earned me 7 sats/day in interest, with yesterday being the first day.
As you can see, they provide a convenient interest calculation table.
**My Opinion**
I do not recommend depositing your sats here. While the site seems trustworthy, with deposits and withdrawals functioning without issues, there is still third-party risk involved.
However, if you’re comfortable with the risk and have some funds to spare, feel free to try it.
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#### Betting
This is the method I’ve used to grow my sats the most. It’s essentially gambling, betting on the right outcomes. The site offers betting on soccer, basketball, tennis, racing, and major world-famous sports matches.
Simply put, if you bet correctly, you win money; if you bet incorrectly, you lose money.
For example
But I don’t really follow these sports. I rely on the morning news, then place bets on matches where I feel I have the best chance of winning. I only bet with amounts I’m prepared to lose, similar to money management in general speculative trading.
However, I don’t primarily bet on sports; instead, I prefer to **predict the BTC/USD price range.**
Here’s a recent bet where I made a 5x profit.
I predicted that the BTC/USD price would be within 70,000 - 75,000 at 23:59 UTC on October 31, 2024.
I placed a bet on this price range with 11,699 sats and earned a profit of 68,610 sats, which is approximately a 5.8x return.
But I don’t just blindly place bets. I use my knowledge of technical analysis to help assess probabilities.
First, I start by looking at the Weekly chart. On the day I placed the bet, I focused on the candle marked by a red arrow. I noticed the price was rallying upward in a trend. This movement looked like a potential non-standard small x wave (for those familiar with Elliott Wave theory; if not, feel free to skip this part).
To confirm, I zoomed into the daily chart and saw this
The red arrow is in the same position, but now zoomed into the daily chart, confirming the non-standard small x wave. Based on probability and my knowledge of Elliott Wave theory, I concluded that by the end of October, the price would likely be in the range of 70,000 - 75,000.
I placed my bet accordingly and then closed the screen, as there’s no need to monitor it constantly like speculative trading, which can be stressful. I checked back on the last day of the month, and here’s the result.
The H1 chart showed that the closing price was around 70,700, which met the winning condition. I took the profit, pushing my sats into the area where I could earn APR.
**My Opinion**
I believe this can replace speculative trading because trading requires setting stop loss and take profit levels.
For me, I have no problem setting a stop loss, but **I struggle with take profit**. I tend to ride the trend and try to sell at the highest possible point.
This is a bad habit of mine—getting trapped by greed, wanting to catch a big move, but eventually, the market takes it back. Unrealized profits slowly shrink, and it either breaks even or turns into a loss.
However, with this method, it replaces trading because I don’t need to set a specific take profit level. Instead, I define a broader price range, like 5,000 USD, which makes it easier for me.
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**In summary**
For this website, I highly recommend the Free BTC hourly feature. As for the other methods, it depends on your own skill and preference.
[Here’s my affiliate link again.](https://freebitco.in/?r=52348229)