I cannot see a direct correlation between bid bots and the price of steem falling. Instead, it's apparent even spammers were buying steem. All ROI from bid bots goes directly to steem power (its not liquid!!) and thus increases the size of the reward pool.
One the flipside, downvoting in general and for whatever reason upsets people and makes them leave steemit and sell their steem.
But I doubt you'll do the math, even if I showed it to you.
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even spammers were buying steem
Yeah, they buy that initial few hundred or whatever and just use the "profits" to continue to bid. You obviously have no clue how those bots work. Nobody would use the bots if they didn't offer a return.
All ROI from bid bots goes directly to steem power (its not liquid!!) and thus increases the size of the reward pool.
Horseshit. They have to pay their delegators. Do you know why many are always powering down?
But I doubt you'll do the math, even if I showed it to you.
You math? Last time I checked, you make "dictionaries". I can name at least two entities that bought more STEEM than your sorry spammers since the HF. The real math here is most the whales prefer to cash out faster than people buying/creating value.
You leaving won't make a difference.
Lol I do a lot more than that! Here's the math breakdown from an article I wrote back when it was still 75/25. Let's see if you can follow it. ROI is impossible now at 50/50. One would naturally be powering down if One uses bid bots so that One can reinvest. Why stop that cash cow???
https://steemit.com/steem/@artopium/i-admit-i-use-the-upvote-bots-and-here-s-why
Bots Are Not What You Expect. Let’s Do The Math.
Regardless of the bot you use, you will be lucky to get a 300% upvote. More likely you will get 250%, which is what I found the average to be. So let’s say you pay an upvote bot 1 SBD, and in return you get a $2.5 STU upvote. Hey, pretty good, right? Not quite. Only 75% of that is yours, the rest goes to curation. So you get $1.875. However, that’s not 1.875 SBD, that’s 1.875 STU (Steem Token Units), which is split 50/50 into SBD and Steem Power. So that’s a return of 0.9375 SBD to the 1 SBD you paid. You just lost 0.0625 SBD. What about that Steem Power? Well that’s not 0.9375 Steem Power either. That’s $0.9375 USD worth of Steem Power, which of course depends on the current market price of Steem. As of this writing the price of Steem is currently at $3.21 USD. That means that’s an earning of 0.292056 Steem Power. If we were to magically convert that back into SBD without having to go through the 104 week power down process (at the time of this writing 1 SBD costs 1.02 SP which is nearly equal) we can say we earned a total of 1.23 SBD for the 1 SBD spent, but the earnings have gone straight to Steem Power, and are therefore not liquid, not something you can walk away with, not going to be a daily paycheck.
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So you get $1.875. However, that’s not 1.875 SBD, that’s 1.875 STU (Steem Token Units)
Actually, it's essentially the same thing as @dragrousa pointed out.
not something you can walk away with, not going to be a daily paycheck.
You obviously have never seen the chronic bot users in a state of constant power down. Once you have the cycle primed, you always have enough to keep bidding and sell the portion.
Regardless of the bot you use, you will be lucky to get a 300% upvote.
False. There are a good number of bots that don't have ROI cap. They aren't the vocal bots you see usually. Pretty easy to get more a lot more than you put in if you know what you are doing.
You are doing outdated math. Time to stop.
Yawn. You're just speaking from emotion. You haven't done the math. You haven't looked at the code. And you haven't tried to make an ROI from bid bots. It's not as easy as you think. But even if it was, you're real problem is thinking that the STU payout reflects the quality of the post, just like everyone else here. You seem wrapped up in pyramid-scheme thinking.
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And you haven't tried to make an ROI from bid bots.
Okay. Whatever you say.
Just don't forget that when I was onboarded by @someguy123, he told me to use bots for profits.
You may go ahead and call him an idiot.
I had plenty of profitable bids before I stopped due to my commitments.
So yawn to you.
It's sooooo damn difficult to make ROI with bots.
P.s. how old are you? I'm convinced nobody here is older than 25.
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"Legitimate" lol! So no, you're not older than 25.
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Btw, what part of the Rocky Mts? I live near Glenwood Springs. Love Colorado! :)
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Whales will do whale things. But if new money was coming into steem the price wouldn't still be in the teens. Steem will be $0.05 by Jan.
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