Please watch my video about steembottracker.com. Because of your too big bid you made everyone lose money on their investment. EVERYONE who was using the bot you bid so high on, lost money. So please do not use them unless you know how. They can be profitable if people don't get greedy.
You are viewing a single comment's thread from:
The goal of bid bots is not for them to be profitable to the people that use them. That's just a short term arbitrage opportunity... the free market will always close that gap. Inevitably, the bids will become higher than the payouts and that's when we will have a true market for promoting content.
However, currently they can be profitable, and they could always be when more bots are added. However, it will never be profitable if people bid out of control.
Posted using Partiko Android
You're basically asking everyone to work together to share an arbitrage opportunity. That's just not how markets work. Plus, individuals profiting on bid bots adds very little (if any) value to the community. Whereas, bid prices that represent a real promotion cost (above zero) will add value to the community because they will represent content that's presumably worthy of that promotion cost. Basically you're looking at bid bots as a way to make free money and I'm looking at them as a way to promote quality content.
I look at bidbots as a way to make profit and promote at the same time. However, I will concede your point on just adding value to the community. I have been trending plenty of times in my dtube career of 42 days, for quality of content, nothing more. Ideally, yes, I would like to see large groups of people use bots a certain way, one that is profitable for all of us. There is no reason to bid $300 on a bot that MAX vote value is $200, but for some reason, people do. It is because they do not know how to bid. Hence, I made a video bringing awareness to this issue. So you guys may say that the only way to be trending is to pay for it, I disagree. That assumes those who make good content wont be trending based on the merit of their work, which they will. I appreciate you guys bringing attention to the bidbots in general, cause they are the promotion tool of STEEM, however, I disagree with your conclusions. That is what is beautiful about freedom of speech tho, isn't it?