TO USE BIDBOTS OR TO SKIP THEM PERMANENTLY AND POWER-UP INSTEAD??
Hey everyone, this is an issue of controversy and has been on my mind for many months, in fact, from day one since been on Steemit. I did a post a few months ago as to how I lost 16SBD to a bid bot only to be told my bid was late (terrible excuse but I bought it, sadly). Now I am a South African and times are tough so at that stage when SBD was around $9 each we talking some serious money it would almost have paid half my rent. Never the less that left a rather sour taste in my mouth but I moved on and looked to the positive and optimistic side to it all, however always wondered about their 'profitability' if ANY?
Recently I transferred 4.2SBD to a bot to buy an upvote, today it paid out I got total SBD Steem and Steem Power totalling $4 so at first and immediate look that would constitute a 0.2 loss, naturally what makes this almost impossible to correctly calculate are the vast crypto/steem/sbd fluctuations as well as steem tax! My question however remains are these profitable and worth doing? Time and again I feel 'done in' by these upvote bots, I mean if it was a 'conclusive' gain everytime it would be worth it no doubt however this is not the case, time and again I get my payout and wonder if it really was worth it, and if again this time around it ended up costing me?
I have pretty much used these bidbots from day one on Steemit as I was so advised by someone who knew better than I and at the time guided me around the platform gave me advice and taught me much of what know now, thankfully, but in life we constantly learn, improve and I am however at a point where I really feel that it would be better to just power up and forget them all together? I don't want to be in a situation (maybe I already am) where my account takes double the speed to grow as it should because these are in essence losing me money? (as well as the folks I have brought to the platform and so also advise and teach)
Is there a calculator that anyone knows of that we can factually see the numbers and gains percentages? Lotteries are not the way to go where maybe you win maybe you lose, the way I see it currently (that can change given the tangible clear evidence) bot owners are making tons of cash at our expense on the merits of us not clearly understanding the mechanics and mathematics of it all?? But I could be mistaken, hence this post!
Anyone that can possibly elucidate further on this matter would be much appreciated.
Have a cool weekend.
Cheer$;)
Had the same issue here starting out. I have not used a bid bot that actually paid out more then the cost and I have lost money on every bot I used. I started using them at first trying to build my reputation points and maybe get a few followers but that really did not work that great either. I have not used any of the larger cost bots though and I have noticed that people that are getting large payouts on the trending page are not transferring 3 SBD they are sending 50 or more to several different bots. It seems to work for them once they hit the trending page and they at lest break even but I have not personally had any benefit from bots. Anyone else has had a different experience with them please let me know and with who.
In my experience here from September last year the only one I truly love and trust is @shadowbot. You sign up and they use your SP to upvote others but you get alot back on their program and in my experience alot more than what you upvote others, its cool as it is automated you should check it out especially based on the fact you don't have the time to spend upvoting others all the time, you just must post at least twice a week and it takes a bit of momentum in the begging but your SP is good so should snowball fast, as for the others ya I think I have had nothing but losses time to power up only from now unless convinced other wise I thinks. You are also not physically giving them cash, just the authorization to upvote others and in return be upvoted by others on the system/program. I feel with the others you essential give them a methaphoric apple which is yours, not replenished, and get back half an apple which is not theirs and is permanently replenished, my two cents! Thanks for the love and comments bud :)
Bidbots are good only for promotion and reputation. In case you want some profit then now is not the best time, because we are in Bear trend. You invest your money now and get back in 7 days, but SBD and STEEM price goes down together with value invested.
I am Glad you addressed this.. reputation on steemit. Lets look at what fundamentally means here the highest reputation is that loser and the biggest criminal haejin he posts two horse shit pictures that are BS... FACT, and a equally pathetic copy and paste addendum and gets $100 10 times a day thanks to that other loser ranchelero or however you spell his pathetic name,which is probably just haejins brother cousin or another account he owns. So as for rep that means shit, As for promotion well unless you have 250 SBD to throw around 'Promotion won't help at all and who upvotes a post already worth $800 I tell myself he has enough already ?? Am I wrong? Thirdly Steem Price, so now that it is low that gives them a 'free pass' to SCREW us? But when it goes up the tides are even and all is honest and good again and we may make 10C SBD extra per bought upvote? I dunno bro at this point to me something seems WRONG, very wrong indeed. But as i said I'm no maths genius ;) BUT, Sadly after 6 beers, it still makes no sense, other than, WE ARE BEEN SCREWED. Time to POWER UP, me thinks! What have I missed?
You get only what you think you could get.
Prices are down and that is not great but I have noticed even though my post are worth less people are giving a larger % of their vote since it is also worth less. What that means to me is I still have a very low pay out article but I get more SBD and steem because instead of getting 10% like I was they are giving 50% since their vote value has dropped and a lot of people are giving 100% that were only before giving 33%. If you are cashing weekly money this is not benefit but if you are holding it till prices raise then you could be making more money in the down times as far as steem received then in the high times when you are getting larger payouts but smaller votes.
Bidbots is an auction for shares and unless you are lucky you will always lose. What you need to also add to your sbd payout in the value of the liquid and vested steem you received. @smartsteem is the only transparent and no loss system I know. Not that I have looked for others. Use the platform and not their bot on bottracker. When buying votes on the platform they also show your vote value broken down so you can see what is the estimated return.
Hey bud long time are you well? Ye auction for shares worth less than you pay, Permanently regardless. I think you oaks have convinced me its not worth it? You not PTA based right? We should do another steemup @braaiboy and myself always keen
My sentiments exactly. I sometimes feel like I am stuck between a rock and a hard place - if you dont buy upvotes, your post is never upvoted, even where you feel you have put in an effort. If you buy upvotes for all your posts, you literally see the account value going down each day - the payout do not make up for the outgoing funds. I would also like to hear how others deal with this.
Apparently better than us. Hmmm ...
Complicated story there Boet, Methinx Ill continue the way om going?
People keep trying to understand the bots. I hope you can share some more thought in here: https://steemit.com/mindset/@borges.barilla/are-you-struggling-to-understand-bidbots-and-how-to-use-them