Negative ROI after using bidbots
As promised, here's the follow up from my previous blog post:
https://steemit.com/steemit/@simply-me/how-to-get-40-to-50-roi-on-steemit-fast-track-for-beginners
I spent 162.5 SBD
The payout was as follows: 110.922 SBD & 36.609 SP (= about 36.2SBD), making the total SBD = about 147.1
% loss = 9.5%
I did a little bit of digging and the downvotes value amounted to 46.86. This equals to about 30 SBD.
If there were no downvotes, it could have fetch about 9% ROI.
In conclusion, my previous 47% ROI might have been beginners luck.
I no longer believe that the bidbots will give high ROI. Please also refer to my other post regarding bidbots:
I also boosted the above post using bidbots but having spent a lot of time trying to find the bots that will give high ROI, I decided that this is not worth spending time on anymore.
My next experiment will be using the Minnowbooster DLM. I have done some reading. Initial investigation indicates that this is better than spending time looking for bidbots that will give positive ROI. Steambottracker.com is now a really crowded place and beginners should not waste their time there.
What I noticed also is that if the post gets to be in trending page for sometimes, then there is more possibility of a positive ROI.
Also important is not to be downvoted by such people as madpuppy and the likes because their downvotes carry a lot of weight.
That's it from me.
Once again great research and thank you. I can appreciate you having the courage to admit you initial research might be wrong. Thank you for putting in the work.
Hey @clearbluecrypto, thank you for the kind words. It is a lot of work but I think I need to do another write up, so people really use the bidbots properly and get positive returns. My other article : https://steemit.com/steemit/@simply-me/how-to-use-the-bidbots-wisely-to-ensure-positive-roi-for-all-it-s-all-in-your-hand-but-you-need-to-know-how is looking good. If there is no downvotes from big whales, it should be able to yield positive ROI. I upvote your reply as an appreciation for your kind words.
Have you ever thought about curating people who use bidbots? I'd say your ROI could average out nearly double what you'd make through self-upvotes (if you do it right). Hardly brilliant but not bad if you combine the rewards with those you get off normal posting / commenting.
That's what I do anyway. :)
This sounds interesting! Do you mean like upvoting posts that are going to then be promoted by the bidbots? Can this actually be profitable?
Look at who trends all the time with sizeable payouts (say $20+), then get in early on them - ie. the usual rules. Preferably just after half an hour and as early as possible relative to others but certainly before the post receives the big votes. My account seems to be growing faster now that I've started doing it (last few weeks).
I wrote two posts on it just the other day. Naturally, keeping a little back. ;)
If you're plankton, what's the point of making great posts? And if your posts aren't that good, what's the point in making them, period? Grow your account a little first. I find comments quite lucrative (if people show their appreciation) but the main income has to be curation. At least, for now.
Somewhat cynical curation, I must add (but isn't the concept of bidbots a bit of a joke?).
Thank you for sharing this. I am definitely going to try this out. I agree about making the post part - it takes a lot of time to make the post and as you rightly put it, no one benefits from it. Regarding commenting, how does one get a reward by commenting?
Oh, it's metagame!
Commenting, you could get upvoted on. Also, you might get extra followers. Posts, you have to dick around with until you're really happy with everything. Quite the ballache half the time if you ask me. Comments, you're restrained by your typing speed mostly. They don't have to be that fancy. Of course, try to keep your standards up but if they slip at times, no-one's going to give a shit, are they?
And then - of course - there's where you comment. You can be helpful to nubes and a passing whale might just see how helpful you've been. Or you can attack them directly and hope they throw some blubber your way. ;) :D
You're great. Really. I learn a new trick today.. Thank you so much. I read both your post.. I upvote one of them. My first upvote this morning.. It 7:30 am here.. Just woke up.. Rushing for my day job.. One more question - up voting your own comments or up voting others - which one works better? Oh & I follow you, so I can get more insight.
Thanks. :)
Upvoting yourself increases your rep for one thing and account balance for another. Every little counts. Others? You never know the relationships you could make / break through upvote politics, eh? I think it's a pretty trivial matter, personally, minnow to minnow, anyway. But as the site ultimately revolves around upvotes, basic etiquette would have it that you should do what you think's right, I guess.
Life's too short to worry about it all unless you've gone out of your way to help a poor, floundering whale!
I think we call it reciprocal altruism.
:)
totally & thanks.
The best way to get a positive ROI is to send 0.01 to the smaller bots, a lot of them will give you a 0.02 or better upvote. Which after curation, according to my math, leaves you with an ROI over 20%
Thanks for the tip. I will still use bidbots and when I do, I will follow your advice.
This is an interesting tip. I'm a cheapskate, so I always bid at a minimum. So far I'm averaging about 60% ROI. Maybe the bigger your bid, the more likely you catch others' attention, especially those downvoters.
You are so right about the downvoters. My topic was also a controversial one and so many big guys/gals (whales/dolphines) downvoted me....
Yep, they don't want you to take the trending spot from them lol
thanks yes lots of bidders and lots of people bidding on negative roi for some reason