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RE: STEEMIT STRATEGIES: How To Maximize Profits Using Steem Dollar Tokens!

in #steemit7 years ago

Thank you, Joe! I really love your videos btw! :)
I just see it a bit different, what happens to the value of the SBD, when more and more people start to use the bots. I have watched the situation around the bots over the past days and it seems, as if (especially now at the weekend) the bots are already overcrowded - which leads to a -ROI% in most cases - especially at peak times. So while until now you could easily make a profit in investing into a bot upvote, it will be harder over time to keep this model profitable for the users.
Granted that there will always be newbies who don´t understand ROI and just buy more SBD to upvote their posts and get seen, over time, also these people will realize, that it´s not worth it - which will then dump the SBD price again. So yes, it´s how the market works, but a collapse of the system is also potentially there...
Also I find it a bit troublesome, that upvote bots are nearly the only possibility for new people to get seen (without having help from a whale). I just followed a conversation on different German sites, where they discuss the misuse of the bots in several cases - so people having 8000+ bots and different accounts that vote for each other for automated random video posts and "earn" lots of money through the abuse of this system. I found it interesting, that in the english speaking community I havn´t found any mention of this bot abuse yet.

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Thank you for your comment! You are correct, at peak times a lot of the time the bots ROI go negative, however it can still be worth using for the chance of Whales to upvote your post if it gets exposure and begins trending. This is very valuable imo!