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RE: /BOTS/Just a comment i made on a controversial subject that drives conversation //Drama alert//
Fun fact: At the time he sent 15 Steem, it was worth $12.75 USD. Currently his payout stands at $12.51 USD. If he sent the STEEM now, it's worth $11.85 USD. 12.51 - 11.85 = 0.66
Some of these votes must be organic. Buying votes was quite literally pointless.
It certainly was. That's one of the risks that vote buyers often don't take into account. A heavily fluctuating Steem price can kill any profit very quickly.
No it cant. You guys really need to look up how this stuff works.. Fluctuating steem price means absolutely nothing. Goes up or down means absolutely nothing. SBD is stable at 1 USD and if steem falls, sbd amount drops in relation to it. Meaning if Steem falls and i spent Steem to pay for upvotes and sbd is stable i still earn 10% more steem regardless.
I dont care about $ amounts. I care about token accumulation. If i kept it all in my account ill lose just as much $ as i did in post payout. The $ value means absolutely nothing. Im looking at how much steem i put in, and how much i get out. Its always 10% more and up to 30% more if i pay when external price is over the internal steem price. I always come on top in that regard. If i put in 10 steem i always get 11 Steem out. The $ price can drop to 10 cents in 7 days for all i care. You are thinking in terms of Fiat value. Im thinking in terms of token accumulation.
I made 300 steem in a month on a 1000 some steem investment. Track my transfers and its pretty clear.
Its actually more beneficial to me if steem doesnt go up a lot after i pay.
If it did after the payout there could be an overvaluation of steem in terms of SBD in the internal market and i could potentially get less steem back.
But then i can always trade it externally for profit.
I answered down below. For someone here 2 years i dont understand how you havent noticed how this all works... If SBD = 1 USD and STEEM goes down. SBD amount drops but SBD price is pegged to 1USD (in this case when STEEM is under 1USD in a bear market). If i pay Smartsteem with STEEM (say it didnt work like it does and the SBD amount didnt drop in payout affected by steem price) and the STEEM/SBD ratio is 2 STEEM for 1 SBD before drop (for example) and STEEM price drops during those 7 days, then i could on payout where i get SBD, trading SBD for STEEM make 3 STEEM for 1 SBD since SBD price remains the same. This isnt the case. For that not to happen SBD amount drops if STEEM drops. Therefor once the payout happens it still remains that i will get the same relative amount of STEEM to SBD as it was when i payed.
If Steem fell to 10 cents in 7 days i would not lose any more $ then by simply holding Steem in my wallet. But in actuality id have 10% more STEEM after payout then i put in, because i payed.
You took $16.12 out of the reward pool for nothing. You took that away from everyone, for nothing. You're wasting time trying to scrape pennies off the floor.
All of the bot votes add up and since you're not making any money here, it was pointless. That could mean thousands of dollars are removed from this reward pool for no reason and that means thousands of dollars can't go to posts that actually earn something. It was pointless. You could have posted this for free. I don't care if you decided to pay people 15 STEEM to post this here. They're not giving that back to you. They keep it. You work for them. They make more money from your effort than you do. You're just acting like a taxpayer.
But i am making actually more money then they are. Check http://isteemd.com/ and the values listed.
Didnt i tell you what compounded interest is? I make 10% per post, but over a large number of posts during the period of a month for example i make far more then that. I made around 300 STEEM last month just on bots, 70% of my total income.
They actually work for me. A more fair deal would be a 5% ROI instead of 10%+ im getting now per post.
Look at that image I sent you. You sent 15 Steem and you're not even getting 1 STEEM back in value.
It's right there in front of you, dude.
At the current values, you sent $12.41 USD in value to them. Once this post pays out, you're getting $12.34 USD. You're NOT earning 10 percent dude, you're now in the red for this post. The information is right in front of you. Have a look if you don't believe me.
Yes i sent what ever $ value in STEEM i sent. If i had 10 $ of value in STEEM and STEEM price fell for 10% id have 9$ value in STEEM in my wallet.
But the way upvote services are set up, regardless of how the $ value fluctuates i still get more tokens if i gave them STEEM before the $ fell.
I lose $ value regardless, this way i get more tokens.
So you're saying if you give someone $12.41 worth of Steem and they give you $12.34 worth of Steem in return, you're making money? You're down 7 cents worth of STEEM, dude.