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RE: A potentially useless post about SBD print rates, bidbots and stress
None of it really matters, since Steem and SBD are very easily traded for each other in the amounts we're talking about on the internal market.
whether the long-term thinker users of the bots believe enough that they will be able to earn more Steem using the bidbots than they have to send to them to get the votes out.
This is still a very complicated skill, but I definitely feel that way or I wouldn't be holding a big chunk of liquid Steem right now. Eventually the market will move back up again and I'll push a lot of it into votes and thereby SP.
I also expect that whenever HF20 actually comes it's going to reduce the price of leasing delegation significantly, so I might want to have some liquidity on hand for that.
I was hoping you would see this as you have thought long and hard about it.
The margins are lower though? Higher risk?
How many do you think will be worse off considering that many are already losing value?
Why would it? Do you have a post on it that I can read later?
Maybe. I think in terms of getting a huge fast pump SBD is more likely than Steem just because there's less of it. Plus there's a lot more downside risk in Steem, because the SBD haircut doesn't hit until the ratio is 10%. So it should be at or near $1 minimum for a while even if Steem falls farther. If all cryptos go up simultaneously, probably both Steem and SBD will go with them somewhat equally. I have a preference for holding liquid SBD over liquid Steem in the one-or-two months time scale but I keep thinking Steem is going to go back up to $1.30 and I'll be able to get a better trade.
@eonwarped has been working on this question, and probably has a better answer than I do.
I think that fixing the thing where immediate self-votes chained with late bot votes can return 1000% on the self-vote will remove some of the incentive for people to lease.
Ah do you mean looking at returns in aggregate where it comes to bid bots? Yeah I've been trying to figure out how to start actually, so for now I don't have anything :). Will keep you both posted though.
Thanks, it is 5 am here. will get to the comments later...