At the posting time, the break-even point of the return on investment of bid-bots is $1.90 vote value for 1 SBD bid and $2.27 vote value for 1 Steem bid. Please see table below for the ROI based on 1.50x to 3.00x vote value at the increment of 0.25x.
| Bid-Bots ROI Update | by @cheneats |
|---|---|
| Datetime (UTC) | 2018-05-16T00:00:03 |
| SBD Price | 2.46277 |
| Steem Price | 2.94749 |
| SBD Break-Even Point | 1.90x |
| Steem Break-Even Point | 2.27x |
| Vote Value / Bid Ratio | 1.50x | 1.75x | 2.00x | 2.25x | 2.50x | 2.75x | 3.00x |
| SBD ROI | -20.91% | -7.73% | 5.45% | 18.64% | 31.82% | 45.00% | 58.18% |
| Steem ROI | -33.92% | -22.90% | -11.89% | -0.87% | 10.14% | 21.15% | 32.17% |
Interesting post, so it appears people using bid bots should pay with SBD as the ROI is better than paying in Steem, or do the bid bots owners adjust their vote payments and give you different vote values depending on if you pay with SBD or Steem?
Could you clarify what you think happens please, what's the best payment method to make a bid in, Steem or in SBD, thanks loads for this useful post.
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Yes, they should pay with SBD if they get the same vote value. When Steem price is lower, they should pay with Steem, instead. However, some bid-bots may give you different vote values depending on what you pay with SDB or Steem. Please check it at https://steembottracker.com/#bid, goes to Actions, then details for each bot to see if SBD and Steem have different vote values.
Thank you so much for your comment. I will continue to post updates on this.
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Yes please do it's quite important to understand break even points any vote value that is less than your break even points is a decent way to avoid underperforming bots.
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Absolutely! It is a mistake that some people think if they can get $1 vote value for 1 SBD bid, they are breaking even. But in reality, it is not.
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That is wonderful! Thank you so much for keeping track of my progress :)
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