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RE: Bidbot Experiment: The Good, The Bad, The Ugly

in #steemit • 7 years ago

Great analysis and write up... however, (unless I missed it), you also run the risk with bitbotting of get LESS than your investment, and collecting a hefty negative ROI... so essentially it is gambling, as sometimes people just plonk down a huge bid without checking to see if it is worthwhile or not!

7 years ago in #steemit by
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         7 years ago 

        Yes, you're right. It is a gamble. You have to figure out how to bid on them. That's a part of the game. If you bid too high, or you bid when there are a lot of other bidders, then you could get a negative ROI. Someone could come in after you and bid high enough that they take the reward and leave you in the hole. So you have to time it right. It's a big game.

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