I never understood why some people bid high at the last minute, and ruin the party for everyone. I mean its simple math, that if you bid more, the less everyone gets overall, even yourself. For example, if the total upvote worth is $100, and the total bids were $40. Now if you bid $10, you get 2x profit (I am ignoring curation rewards at the moment), but if you bid $60 instead, you just get 1x. Are those high bidders so dumb not to understand this basic math? Secondly, I see some bots deliberately hanging at 100% when they do not have enough bids, waiting for further bids to come. That is clearly cheating in my opinion.
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Hi, thanks for reading the post. I agree, I will not say is intentional in many cases, but most users do not know how it works. There are also a lot, who do not even use the bot tracker, they just send the same amount to all the bots they know at the same, time. Yesterday I saw that with a 40 SBD bid which ruined a green round.
I wish I had more to invest in promoting this particular post to raise awareness, there are many posts on the Bots but did not see much about how not to use them.
I would personally love to be coding savvy and create a bot that stops processing bids once the 3/4 vote value is reached.
Thanks again for reading and adding value to the Post. See you around. About the ones hanging, I am not sure what is going on, I see that from the Whales, like @Jerrybanfied, @Boomerang, and the ones alike. My "let's not be too negative" view, is that maybe is a lag on the timing for processing the last minute bids, generally due to this delay, you also go from green to red in a matter of seconds. Some people keep bidding while the timer is on 0. The other option is that they do it deliberately to have a higher return on their votes. Also, to be aware that we are feeding users who will be even more prominent in the future, @JerryBanfield use a lot of the profit for delegation, but others I am not sure of other intentions.