Is it wise to power down and use those Steem to boost post using bid bots ?
Is it wise to power down and use those Steem to boost post using bid bots ?
Lately the affect of bid bots are kind of increasing and users are using their steem/sbd to boost their post and getting the return in SP and SBD .
What do you suggest ?
- It's Right time to power down and use it to reinvest
- I do not suggest it
- I do not use bidbots, so no idea
- Anything else
Answer the question at dpoll.xyz.
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I already wrote my opinion about bidbots in this comment.
"Bidbots are not profitable in most cases. You will lose money, if you use them.
There are paid upvote bots (not bidbots), which guarantees a specific amount of return. For example Smartsteem nowadays have a fixed 10% ROI (5% BONUS for limited time). MinnowBooster usually have 6% ROI for normal users, and 12% for whitelisted users. Sometimes they increase it. For example in the December of 2018. They increased it to 8% for normal users, and 16% for whitelisted users.
There are also free upvote bots. For example the Minnow Support Project have a free upvote bot on the Peace, Abundance, Liberty Discord channel.
Steem Monsters also have a free upvote bot on their Discord channel."
Thnks a lot for taking the time and explaining it. Will sure go little deep about the matter !!
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Bid bots are inevitable on the steem network. They do however have the unfortunate side effect of driving down the rewards for legitimate - non bit bot boosted content :(
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