Navigating the crowded BidBot market

[ahsin]

Introduction

Getting positive ROI (Return on Investment) from Bid Bots.

Popular bid-bots are frequent defaulters

-ve ROI

When you hear the name bid bot, which name strikes first? For me its randowhale, probably that was the first bot that i used from a small trades (vote buying - giving SBD in exchange of Whale Vote). I liked the concept of bidding for votes as it gave me some positive ROI and a 'moral' boost to my post. I had used @randowhale services quite often.

I was loyal to @randowhale till the time I was getting positive ROI, but when i started looking for alternatives I was kindda surprised to see that there are 70 other Bots that are providing similar services, had not expected this "Vote Selling Market" will grow so quickly.

https://steembottracker.com/ provides a comprehensive list of bots that are selling votes in exchange of Steem of SBD.

Observation:

• The most popular and big WHALE bots like @upme @postpromoter @booster can make your life with single upvote of $100 or more
• But thats the pit where most of the bidders tend to fall... since everyone bids for the popular bots they end up receiving negative ROI on the SBDs send.. see the picture below

New comers (less common bots) are hard to ignore

+ve ROI

In the crowded bid bot market, there are many new comers. These bots are eclipsed by the popularity of Whale Bots, but for smaller investments they can be hugely beneficial.

• example @eastabond @cryptoempire @spydo (picture below) and many other such smaller bots can be leveraged to get a positive ROI

New comers (less common bots) are hard to ignore

+ve ROI

In the crowded bid bot market, there are many new comers. These bots are eclipsed by the popularity of Whale Bots, but for smaller investments they can be hugely beneficial. But the challenge is to go through the list of 70+ bots and see which one is profitable at the moment.

Recommendations:

1. For bot owners: The bots should limit the number of bids that they can receive in any round. If the Vote value is lower than total bids received, spill over the bids to the next round
2. For bidders: Never put all your eggs (bids) in one basket (bot) always split your bids into more than 3 bots to get a better ROI.

After all the money earned is money earned, and money saved is also money earned.

---

Posted on Utopian.io - Rewarding Open Source Contributors

---

Comments

[roj]

Your contribution cannot be approved because it does not follow the Utopian Rules.

Related Rule:

• Submissions to this category are designated to promote open source projects and to inform about their development. The post may be one of the following: (1) Project Promotion, (2) Project Introduction, (3) Development Log. Regardless of the type of the blog post, unique and insightful editorial content in a professional format are expected, ideally with high-quality visual supplement.
• Only contributions made to open source projects with a GitHub repository can be approved.

Suggestions:

• Please read Utopian rules, and consider them in your contributions.

You can contact us on Discord.
[utopian-moderator]

[steemitboard]

Congratulations @ahsin! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.

To support your work, I also upvoted your post!
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

[steemitboard]

Congratulations @ahsin! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!