Reviewing Week #1 of the Great BidBot Experience. Building with Buildawhale.

mikepm74 (66) in bidbot • 7 years ago (edited)

View this post on Hive: Reviewing Week #1 of the Great BidBot Experience. Building with Buildawhale.

7 years ago by mikepm74 (66)

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schrosct (44) · 7 years ago

Nice, I like to compare my bid amount to the actual vote received. Some lower range ones hit ~3% profit and then the larger capacity ones are closer to 15%.

I used to be anti-buying votes but my discussions with some anti-bot steemians have actually swayed me in the opposite direction.

It even seems like a temporary issue, with the right prices of SBD and STEEM doesn't it lose viability?

I think if people actually used their vote more, either in praise or flag then it wouldn't be needed or wanted period.

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trufflepig (66) · 7 years ago

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 23 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 26 SBD worth and should receive 74 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,

TrufflePig

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heyitskolin (43) · 7 years ago

If I am reading this right, isn't 65 STEEM * 3.52 (current price) = $228.80. And 30 SBD * 3.09 (current price) = $91.50. So this means you have spent a total of $320.30 for a return of $301.19 which means you are actually -$20 in returns?

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mikepm74 (66) · 7 years ago

You are right, if I was immediately cashing out to Fiat this would be a bit of a loss so far. But we have been that the market doesn't differentiate SBD as a "pegged" asset and is at least as likely to go up as Steem.

As I get further in to this I will be doing more SBD bids than Steem bids, so we will get a more accurate 1:1 comparison

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postpromoter (63) · 7 years ago

You got a 10.41% upvote from @postpromoter courtesy of @mikepm74!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

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tolusedove (48) · 7 years ago

So my question remains how to use the bidbot to get my posts boosted. Can you answer @mikepm

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mikepm74 (66) · 7 years ago

I don't think you do. I don't think that the bid bots bring many new eyes to your blog. As a means of growing your visibility and community, I think the Bid-Bots fail. But as a means of growing your account through investment in bids.... I think they can be used effectively to that end.

I would say this is even true if you bid $100 for a single post to get on trending. Hardly anyone who matters checks out trending anymore, so while you may earn followers, how many of them are actually reading and engaging with your posts? I'm afraid it is not a lot.

For my purposes, the Bid Bots are a churn tool, creating additional STEEM that I can use to re-up my bids later. If the posts draw engagement, I would suspect that is based on the merrit of the content of the post, and not the bid-bot vote value.

I could be wrong, and would be happy to be proven so. But that is my theory!

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