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RE: I Tested Steem Bid Bots For A Week - Here's What I Learned
Oh and you also didn't mention that for most, bots are a LOSS of money, after curation.
you put in say, 10 and get 11 back, seeming like 10% roi, except after curation, 25% smokes and you get 9 and change. you lost money. And if you wait a week for it and it was this week, you spent 10 at 90 cents per steem to get 9 at 60 cents per steem.
Bots are a PROMOTIONAL boosting tool, NOT a profitable game, unless you are incredibly careful and... very lucky.
I've used smartsteem in the past and don't worry about the dollar value as it's irrelevant. Look at the steem amount and you tend to get about 10% back on top of your transfer after curation. Direct post payout. It's win win, gain some publicity and make a return. I would rather if there were no bots but since there are it makes sense to use them.
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Some of them have 5-7% ROI after curation. I don't remember exactly which ones, but I remember I did the math back then.
With that being said, there is a consistent chance that you will lose money, like you said, not only after curation, but because of collusion of many bids or, like you said, because of market conditions.