You are viewing a single comment's thread from:

RE: Anyone Else Think Steemit Feels Like A Ghost Town? Is it Proof that Without Financial Incentive Steemit isn't that Great?

in #steemit7 years ago

When the upvote bots first came out one of the main ones was Rando Whale and for a short time it was somewhat profitable but then as more people started using it it was somewhat questionable. Now with the prices sinking so fast when I do the calculations even if it is marginally profitable right at the beginning a person isn't going to get the payout for 7 days so you are going to pay with SBD at a value and you won't get that "profit" for 7 days and those coins will likely be lower as everything is going down.

The math is tough but a lot of the people buying the upvotes aren't really getting ahead. They might be gaining more fake followers but it isn't converting into real profits from a lot of what I'm seeing.

I equate it to a person buying tools to mine gold. But in reality it is more profitable to sell the picks and shovels to mine the gold.

Sort:  

Thank you for such a rich reply.
To be honest I didnt think that you will even bother considering to write back the fact that you have reputation 67.

will definetly follow you closely from now. you can count on my engagement.

anyway does it really matter what is price of steem or SBD? I really cannot understand that particular reason. I purchased some steem a while ago and now I dont really mind current price. At the end of the day Im not planning to power down and my rewards in SBD are still the same if I use bots. Am I right? Or did I miss something?

Also I realized that the only time of the day when bots are quite affordable is middle of the night (when most people are asleep). Or sundays.

Cheers mate, good luck with picks and shovels :)