Hi everyone.
After I wrote & posted my first post regarding bidbots, (which I promoted using bidbots), I received all kind of comments. My interest in bidbots became more intense and I immersed myself with steambottracker.com for a quite a number of hours. This is what I learnt from that stint. (I don't claim to know it all, as I am sure I am just at the tip of the iceberg but am eager to share my findings here.)
Here's the link to my previous post: How to get 40% to 50% ROI on Steemit - Fast Track for beginners
Turns out, it is not that simple to get 40 to 50% ROI, I was just lucky, maybe my timing was right.
So, in the following paragraphs, I will attempt to show you how to use the bidbots wisely to ensure positive ROI for all. The trick is so simple and its all in your hand but you need to know how.
- Write up an original post worthy of the steemit community & the whole world.
- Head on to https://steembottracker.com/
- You will find something on the screen that looks like this: ( you need to scroll a bit)
Move the vote value slider accordingly. If you want to bid bigger amount, move the slider to the right. The bigger the amount the lesser the available bots.
Click on the Orange “Action Button”
You will see this:
Click on details & you will see this. THIS IS VERY IMPORTANT.
Watch how the number changes: See above - after 4 bids, the curent ROI is 156.67% (after curation).
Now see what happen after 7 more bids: Current ROI REDUCES to 31.17% (after curation).
Basically, if nobody puts in anymore bids, everyone would have gotten 31.17%, everyone wins.
Now, see what happen at the end of the bidding round for @boomerang:
Another 7 more bids came in and the Current ROI became negative (-ve). So, the people who like to bid last minute, usually following the notification sent by https://steembottracker.com/ spoiled the party.
This is what happened. ROI becomes -1.43% after the above 7 bids!
So for everybody to win, when you see the CURRENT ROI reaching a low %, say 30%, DO NOT BID anymore. Go down to the next bot below this bot & bid there.
It’s like queuing up for food which will be distributed equally among everyone in the queue when time is up. If the particular queue is too long and there is only a fixed amount of food but there are too many people in that queue (because they don’t want to wait a little bit longer for the next queue - they are too selfish - only think about themselves), then everyone in that queue suffers, everyone has less food, not enough to satisfy their hunger, not enough to meet their nutrition demand, etc, etc.
There are a few solutions that my little brain can think of. (I am not a programmer, so I really don’t know how to do this & I don’t even know if it is possible or not.)
- (1) To the owner of steambottracker.com @yabapmat, instead of sending out this profitable bidding opportunity which is usually misleading, (because this notification is sent even when the opportunity is no longer profitable), send out a notification that says: “bidding on this bot has reached current ROI of ____%. Warning, if you bid now, the Current ROI will reduce to lower value or to a negative value.”
OR simply a notification that says: “Warning! Unprofitable Bidding Opportunity! Don’t bid here. Choose the bot below this."
Unless of course, it is the aim of the bidbots to make us have a negative ROI, maybe, this way they get more returns - I don’t know enough about how the bots worked, so I cannot say for sure. But if this is indeed the game plan of the bots, then I will have to change my game plan too - I will not use the bidbots, I will delegate my SP to the bots, that way, I know I will always get +ve returns. I don’t even need to write any articles or posts, I just delegate my SP and earn at least 25% per annum. Such return is unheard of in the real world, so I am all for it. I only hope that this will not become a bitconnect case coz I was actually contemplating investing quite a big amount in bitconnect just before it collapsed.
This action point would be for @yabapmat, the owner/creator of steambottracker.com.
I have followed him and I have also voted him for witness. I hope he notices this post and hope that he would do something about the notification which I think will tremendously help many new bot users.
* (2) The other suggestion that I have would be for the bot owners to stop accepting any bid once a certain ROI is met. They could guarantee an ROI, say 30%, then when the current ROI reaches that amount, the next person is not allowed to bid anymore. This is even better than suggestion (1), because it is handled at the source. This way, every person who use the bot will have a good ROI. I think this will change the game - so now, to use the bot, one must be really patient and must queue up or wait for a good opportunity. But once the opportunity is ceased i.e one managed to put in a bid, then one is rest assured of a positive return.
This makes me feel like a long time ago when I was new in my job and I found out something that could be improved and I not only told my boss about it, but I wrote him a long justification for it and then my boss just tried to get me to drop the case although it was so obvious. At the time, I was baffled & even frustrated coz I did not understand why but as I mature, I now know that he did not want to change or improve the situation for some reasons and he was not in a position to explain to me or it was on a need to know basis. So maybe if @yabapmat and the bot owners don’t want to do anything about my suggestions (although it seems very obvious to my currently immature steemit mind), then, maybe they have a reason which I am not supposed to know until I become enlightened later on.
The difference between then & now is that I was paid then to do my job, while I am doing it for nothing right now. I am simply trying my best to contribute to the Steemit community.
Back to the matter at hand, here’s an example of a win for everyone. ROI = 50.46% (after curation)
And here's another great example of a big win - ROI = 123.99% (after curation)
There's plenty of opportunities & there is no need to fight for the bids. The bots keep coming back for their next round. So, if everyone queue properly, the profitable opportunity awaits.
Disclaimer:
I don't recommend using bidbots unless you are patient enough to wait for a good current ROI opportunity which could be difficult to come by. Bidding blindly without checking the current ROI could result in negative returns for everyone. There's no room for selfishness when using bidbots. Having said that, I am using bidbots while applying all that I wrote above.
Thank you & good luck & let's all win.
Other ways to earn at Steemit: ( It seems you can earn about 25% APR)
- Delegate your SP
- Sell your votes
You can do this at:
Smartsteem bot is one of my favorite bots because he doesn't allow negative returns of your bids. Sounds cool for bidders. Please check out his post about it @smartsteem. I found out this bid bot is become much of saturated game for everyone. Thanks for posting valuable post @simple-me
That’s good to know about smartsteem. Hope to have a short list of the like
No reply?
Hi @hiroyamagishi, thanks for this info. I wasn't actually aware that Smartsteem doesn't allow negative returns.. That's really great info. I will probably just use selected bots like that. Going to read about that now.Thanks for the heads up. I upvote your reply & I follow you.
Thank you for sending me a link to this upfollow post. Really you are doing a great job.
Keep digging and shedding light on the shade areas.
All respect @simply-me ✊
Appreciate
glad someone wrote an article about this - it annoys me when the bot I have bid on has a high ROI and then people all bid at the end and the ROI goes negative. I dont understand why they dont just choose another one - impatience?
By doing this they are making everyone worse off - apart from the bots who already make massive profits!
Some people put bids in right after they post but I generally wait at least half an hour to see if my posts can be boosted to the 'hot' page organically (usually they cant lol)
Great work
I feel the same way about the bid bots ROI turning negative. When I see that happens, I feel like sending a message to the person that caused that to happen to be more considerate next time. If only I know programming, I would program a bot that would send that reminder to the particular person who caused the ROI to become negative. I hope someone would do that.
And I faced the same thing too - about the post being able to get to the hot page - I noticed that without boosting using bidbots, even the best post will get lost in a sea of posts. Steemit is not a level playing field. Then again, the real world is not too - so it's nothing new.
Thanks for the heads up. Please spare a vote if you can. I upvote your reply & follow you too.
Haha I feel the same way mate!
Im not abig bot user just usually a few dollars here and there to promote certain posts... where there money and greed people will take advantage unfortunalty
Thank you for the information. You write very useful information for new users. Good luck!
glad it helps. good luck to you too.
If all the bots are winning, then the owners of the bots will be without profit. @yabapmat
can not control bots. It is written in his post. People should check bots themselves. Many bots with closed codes. Many bots are dishonest.
I guess you are right - just trying my luck and as I said, he could send a different kind of notification but then again - this could be beyond his control too. What to do?!
We need to read more information. You can delegate your money to bots. But this is a risk.
Hi @irinal, thanks for the idea. I am seriously thinking about delegating more SP to earn passive income. Earning from Steemit by writing post & curating is not easy.
Great post!
Thanks for tasting the eden!
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destroy all bots.
Agree with you there but that is not likely to happen. Infact, more & more people are creating new bots.
And I mute them when I see them.
Hi there, I followed you because I am really impressed with the number of posts you have posted and that you earn SP & SBD without the help of bidbots. I am new here (on my third week) & I quickly noticed that every post on trending are boosted by bitbots. I assume that most people who make it big here are doing that. Am pleasantly surprised to see that you are doing well despite.
It took me about a year to get up to speed...that was back when the price of steem was about a dime.
in June of '17 it jumped...since then it's not been too hard. Of course the higher the price of Steem the easier it is.
Wow.. That's really great.
thank you.
destroy all bots.
Steemit was said to be a social media platform when I joined.
I'm not social with computer programs..
I find this article incredibly informative. Thanks for sharing. I find that the "Frontrun all the bots" tool incredibly useful for earning curation rewards manually. I read all the articles before I upvote them. I actually found this article that way.
Thank you @netscape101. At least my effort is not in vain.
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There isn't that much incentive for bidbot operators to stop accepting bids after a certain point unfortunately. They're making money either way. It just bad for the people who've bid early. Like public companies they're selling a service but they're beholden to their sponsors. If it makes more money for their sponsors, why would they stop allowing bids that return a negative ROI?
i guess you got a point there. the rich get richer & the poor work so hard but still get nowhere, just keep getting poorer.
There are a few bots out there that will either move you into the next voting window or refund to keep votes profitable, but you have to specifically look for them. Steembottracker should put labels on the ones that do much the same way that they do for informing users that the operators keep a portion or post a comment in your post.
wow - wasn't aware of that. Do you know which one? Care to share with us? Someone already mention smartsteem. If there's more, would be good to know. How about Minnowbooster?
I don't remember which bidbot it was. I just remember it happening to me last week.
Minnowbooster is slightly different. I think, and I may be wrong, but you're not bidding, you're just straight buying them from people selling votes. I think its a more or less fixed return. From experience the return is about equal or a little more to what you send them split between SBD and SP. I've only ever sent them .5 SBD few tiimes. Smartsteem is the same but they also have a bidbot.
Thanks @transparencybot. The info with STU & USD is really useful. I upvoted
Thank you! Very glad to know this new info. is useful.