This was reply to your nice post regarding bot bids investment (steembottrackers calculation and ROI)
Please check that or here in this reply. And specify your comment whether you agree or not!!!
You are right at your calculation. But you did a mistake during calculation. From very beginning of my journey, i'm using this bot and growing.
You mentioned ROI by your own concept and calculation. But as far i have researched this ROI is not only ROI. Its ROI(after curation).
So any percentage above 0% ROI, is obviously profit. But you mentioned upto 25% ROI is break-even. No no. 25% after curation is exactly 25% Return on my Investment. It just fluctuate a little bit due to Steem and SBD price volatility.
Let me give some example:
Let vote value 100$, We all(Let only you) bid for 75$. So you will get 100$ equivalent upvote. But ultimately 25% will go to curator(voter). So your gain is 75$ and investment is also 75$. So its 0% ROI after curation.
If you bid here 70$ tota, bid will vote for 100$ as well; then you will ultimately get 75-70=5$ on your 60$ investment. Thus ROI is 5*100%/70= 6% ROI after curation around.
If you bid 60% of vote value, will get around 21% ROI same you
If you bid 50% of vote value, will get 50% ROI.
Hope you have understand.
So i recommend to invest upto 75% amount of the vote value. Below this, will be profit. Normally i bid if total bids is below 60% of the vote value to get 21% ROI@shortsegments
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Hi Thank you for your comment. Please realize you don’t Bid Alone. In each round there are many bidders and the more bidders there are then the smaller the vote allocated to them. In your example if you were the only bidder of 6 Steem for a $12 vote your return per Steem bid would be $2 per Steem. You are correct that this is a very good ROI I ask that you consider that there are sometimes few bidders during certain hours early in the morning or late at night, so such ROI is possible. But the majority of the time their are many bidders. In this same example if there are two bidders of six Steem your 12 Steem share that 12$ vote. If there are four of you, your 24 Steem share that 12$ vote. If you divide the 12$ vote by 1, 2, 4, 6 and 12 people you get the idea how the value of your vote changes depending on the number of bidders. This is something you can’t control.
If you read the notations on steembotblicker next to each Bit there is an ROI listing which varies from Bot to Bot. Some Bots stop taking Bids when the ROI is zero. Others allow the ROI to go into negative numbers. Usually there is a limit of how much negative ROI the Bots allow before closing bidding for the round. Some Bots have a guaranteed ROI of 15% and then they close the round to bidding. They then send you a wallet memo that the round is full. And that your bid has been placed in the next round.
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Thanks for your explanation.
I have sent you 20 bonus share of sbi. As you explained and introduced it to me.
If you got that much bonus share, please confirm.
Thank you
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Hi
My apologies if I made a mistake about ROI before or curation. I will check steembittracker to see if the ROI reported under details for each round include curation.
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You are absolutely right. The main problem of this bot is that the bidding is depends on other bidders as well. Anyone can bid any amount at any time; thats the problem.
In that case, there is a chance of losing some Steem or SBD which bots don't lock the minimum ROI and chance of gaining more which don't lock maximum ROI limit.
If all bidders are conscious and calculative, then its impossible to lose any Steem or SBD. Like if the total bodding amount is around 60% of total vote value, then no new bidder should bid (attend) in this bot. Otherwise previous bidders along with this new bidder will lose all together.
Thats it. Have to be calculative during bidding. And those bots have min and max ROI cap, are secured bots although ROI is low(around 10%, 12%, 15% etc)
The ROI is showing by this website is (ROI after curation). That means its your ultimate actual Author reward (Return on Investment in percentage) You can check there.
Thank you
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