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RE: For the First Time, I Might Be Losing Faith in Steem...

in #steem5 years ago

But if they mostly sold their gains, then there was no net benefit. What you earn from bid bot votes you can power down to buy new votes with. Positive ROI votes can make this profitable after a small initial investment. @likwid allows one to get all rewards in liquid STEEM. That decreases the required initial investment. That precisely is the essence of bid bot abuse, which accounts for a lot of the decline in STEEM's Coinmarketcap rank.