How to use bid bot effectively/Precautions to be taken while using bid bots/resteem bots/upvote bots

in #steemit6 years ago

Hi Steemian

Bid Bot is an integral part of Steemit and I think as a Steemian we should understand them and choose them wisely.

So actually what is bid bot?
We all have voting power in steem but weight of our vote is directly proportional to the steem power we hold. But once you vote your voting power decrease . There is one more concept known as vote weight , if you have more than 100SP then you can decide how much percent of your single vote (i.e 100%) you are going to vote with.
In simple words bid bot accepts bid for its vote and distribute its vote in proportion to the bid amounts. I am not going in detail of bid bot definition like capped/uncapped and will come directly to topic how to use bid bot effectively.

robot-2154228_1920.png

Image Source

So here the few points you need to consider before bidding.

  1. Check for support available.
    There are many bots for which there is no support/response. Use these kind of bid bot keeping the fact in mind if something go wrong then you will lose your bid without any refund. Bidding in these kind of bod can be risky.

2.Check for maximum bid.
Before bidding , check how much you can bid on basis of current bid received by bot. This information is available in https://steembottracker.com, but unfortunately not all the bid bots listed there.

3.Check for automatic refund.
Check before bidding , if bot do the automatic refunds for invalid bids, wrong bids and bid exceeding the maximum upvote that can be delivered by the bot.

  1. Evaluate resteem bots before using them.
    There is already a nice article that evaluate how to use resteem bot. Before using them evaluate them yourself.
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This post has received a 3.13 % upvote from @drotto thanks to: @r1s2g3.

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Thanks for being a Subscriber of my daily Resteeem + Upvote Service

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This post has received a 54.23% upvote from thanks to: @r1s2g3.
For more information, click here!!!!
Send minimum 0.010 SBD|STEEM to bid for votes.


Do you know, you can also earn daily passive income simply by delegating your Steem Power to @minnowhelper by clicking following links: 10SP, 100SP, 500SP, 1000SP or Another amount

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You have been defended with a 29.74% upvote!
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Limited Promotion! Use both @t50 and @hybridbot for a chance of receiving extra upvotes!

You got a 93.83% upvote from @t50 courtesy of @r1s2g3!

Anyone can use this service by sending a minimum of 0.010 SBD or STEEM to @t50 with the post you want upvoted as the memo.

Consider investing Steem Power to receive daily payouts from bot income.
10 SP, 25 SP, 50 SP, 75 SP, 100 SP, 125 SP, 150 SP, 200 SP, 250 SP, 300 SP, 350 SP, 400 SP, 450 SP, 500 SP, 600 SP, 700 SP, 800 SP, 900 SP, 1000 SP or use the delegation manager. At any time you can get your investment back by undelegating.

Partners

@upfundme and #upfundme
TASKMANAGER bitshares token
@hybridbot - bid/membership hybrid bot (0.010 SBD minimum)
@memearmy meme support community bot

@hybridbot deployed in promotion mode!



You got a 56.94% upvote from @hybridbot courtesy of @r1s2g3!


To use this service in promotion mode send as little as 0.01 SBD or STEEM with the post you want upvoted as the memo to @hybridbot.
Current Rates
0.010 SBD or STEEM minimum for an upvote!
0.050 SBD or STEEM upvote with resteem!
Max ROI: 20% (45% before curation)
(Rates may change if available Steem Power changes)


Delegate 100 SP or more and receive upvotes and daily payouts!


Limited Promotion! Bids now include bonus upvotes!
Bonus Vote Accounts: @tm50, @taskmanager, @instantvoter, @d3nv3r, @sextant, @presidentialline, @blem, @gwbush, @igbc, @loldesigns, and many more! (bonus votes are not guaranteed and will only happen with available VP)


This bot is currently in beta testing, users of this service acknowledge things may go wrong!

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Earn daily payouts by delegating to Boinger! We pay out 100% of STEEM/SBD!

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Interesting read @r1s2g3

Using bitbots seem to be simple once you already understand it. But for beginners it may be quite a headache.

Yours,
Piotr