Bidbots: Two important parameters to observe before sending your bid: The Current ROI & The Max Suggested Bid.

in #steemit6 years ago (edited)

Before sending in your bid to the bidbots, when you monitor at steembottracker.com, make sure:
(i)The current ROI is NOT negative.
(ii)The Max Suggested bid is not ZERO.

For more info, refer here:

How to use the bidbots wisely to ensure positive ROI for all. It’s all in your hand but you need to know how.

I have been watching the action at Steembottracker.com. I have noticed that bidbot @booster is really overcrowded. I am not sure if the people who use this bidbot are aware of this or not. In this post, I attempt to highlight the problem facing those who uses this particular bidbot.
At the time of writing, @booster is 21 minutes away from the next vote & it is already showing negative current ROI. The ROI for the previous round is already negative. See below: (-50.73%)

The ROI for the current round is also negative at -11.28%.

Steemian @rehanshujaa is the last person to put in her bid at this point with ROI already -11.28%. At this point, it was 19 minutes to the next vote.

It is also important to note that the Max Suggested bid is already ZERO. So, no one should be bidding at this point already.

However, still more people continue to put in the bid blindly. 7 more bids were sent in inspite of this negative conditions. It got me thinking that maybe they are not aware of this problem which is why I am higlighting it here. I hope the owners of the bidbots are not coming after me with downvotes for highlighting this.

This bring the ROI to -13.47% and there is still more time as it is now 11 more minutes to the next vote.

Now, @booster is 6 minutes away from the next vote. And already negative ROI at -16.66% and yet still more people continue to bid here.

At this point, when booster round is almost finished, there were 4 other bots with Max Sugeested Bid already at zero and they are still far away from the next vote and for those who are unaware, they continue to put in their bids causing everyone to lose out - everyone’s ROI becomes negative.

So, lets now look back at what happen finally to booster.
A staggering -20.37%. Why do this to yourself!!!!

Another 9 more bids came in to spoil the party. I am sure this people were not aware that their actions caused them and others in this bidding round to suffer such negative returns.

I hope this post helps.

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You got a 13.09% upvote from @upmewhale courtesy of @simply-me!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!

i have noticed this also on steembottracker.com i really do nit understnad it possibly people just dont know and dont check what they are doing! there is alot of votes over an array of bots mostly min bids again not sure why.

Hi @steemingmark, doesn't that make you angry? I wrote to a few of these people, so far I wrote to about 6 of them & only 1 replied. I think the rest of them don't even care. Or could all these be automated and no one actually cares? At the end of the day, the bot owners benefited while the rest of us suffered. Could this all be staged?

ye it does and when so many are capped now it is hard to make profit. People must just not look so yes i think it is an automated process hoping that one of the min bids on the bot will eventually make them money. Ye bot owners and whales will always win because steem is a pyramid, capitalist, hierarchical system but i love it lol!! i want to make a bot or witness but unfortunately i do not have the techy mind to know what i am doing.

I feel the same way. If I could code a bot, I would. Just like you, am not tech savvy.

ye annoying isnt it

just bidded on a bot with 3mins to go literally went from like 100% to 5% at least i made a profit though! seen you lease on dlm @minnowbooster though might start giving that a go but i do not have enough power to really delegate atm.

hi, let's do it - together, we are strong! :D

Keep using the bidbots & maybe code a bidbot somehow

got a bit of upvote power to spare today. I thought I would upvote yours. :D

thanks a lot i found this but no idea how to use it any ideas? -- https://github.com/outlier89/pybidbot

Nope. Am lousy at this coded stuff - sorry.

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