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RE: Hey Steemit Whales, How'd You Like To Fix All Of Steemit's Problems And Make Bank By Doing Absolutely Nothing?

in #steemit6 years ago (edited)

If you calculate everything in his wallet that was spent for this post you'll get 299 SBD to Bid bots + 12.015 SBD sent to resteem bots = 311.015 SBD

If you look at his post rewards you'll see he's getting 295.16 SBD and 110.13 SP then when you calculate the 25% for Curators/Author he will get 221.25 SBD and 82.5 SP in 7 days. Usually this should be lower but when he bid last night, the price of SBD and SP were lower than now . If SBD or SP drops tonight to 2$ he will lose a lot. Also to take into account he got upvotes outside of these bid bots if it wasn't for that he would be even more under.

If you add everything up he spent 311.015 SBD and will receive 221.25 SBD & 82.5 SP which if you were to convert the 82.5 SP in SBD and add it to the 221.25 SBD at this very moment you'd get a total 306.225 SBD that's without counting the 3 months pay out of SP (calculation just for fun). So in the end not only did @yallapapi not make back liquid cash (SBD) he also lost a total of like 5 SBD from what he put in at the beginning (It's suppose to be more but since SBD and SP went up in price from last night just to give you an idea the post was 544$ last night and it is now 590$ without considering if others upvoted since last night, now the system will adjust the price/SBD until the 7 day pay out is met)

When yallapapi said it costs to promote yourself he wasn't joking, I made this post just to give an example to people who think people who use bid bots make bank by spending SBD just to get even more SBD back, you don't put in 10$ and get 20$ back. Now don't get me wrong you can get some liquid back sometimes but more likely than not you will only end up making a surplus on SP when using bid bots. Exposure costs no matter if it's on Steemit, facebook, instagram or even your own local business when you have to spend on ads.

Will Yallapapi profit in the future because he's growing a following with quality posts and writing. The answer is Probably. Who knows. but just spending SBD on bid bots without making quality posts will not profit you in the long run.

A lot of bots are starting to add in ROI % and are fighting back against spammers and "shitposts" just like BuildaWhale with over 1000 people on their blacklist or Smartsteem with their blacklisting as well.

People want steemit to evolve, it was all fun and games before but it's time for us to get serious if we want to be the first decentralized platform to even think about taking on facebook or other social media platforms. If we don't take ourselves seriously you think the general public will?

Plenty are here to stay and they will fight for it!

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This comment right here....

Excellente!! Bravo*****

I've been experimenting with bid bots and the math is there. Eventually, you'll run out of SBD and gain some SP. That means you'll have to bring in fresh funds if you want keep bidding.

It's kind of a sneaky draw to get people to invest their own money into the platform. And I think it works. :)

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