This is my Get Rich or Steem Trying series post #4 (G.R.O.S.T.). In this post I explore the use of bid bots and their profitability.
Previous Posts
G.R.O.S.T
G.R.O.S.T#2
G.R.O.S.T#3
Welcome
My plan is to increase my posts earnings by using bidbots to increase the payout. You may find this information usefull.
I found that I was not able to find straight forward information about this therefore I decided I would take it upon myself to post.
*WARNING I am No Expert
I am exploring this for myself and I am being open and honest when sharing my results. I feel there is still very little relevant information about this therefore I try to contribute. I track my information in and excel spreadsheet. I record how much I spend on bids, the USD price of SBD when purchased so that a USD % profit can be calculated. An outlook of % profit, coin wise, is also analysed.
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Decreasing SBD / STEEM Price
Increasing SBD / STEEM Price
Conclusion
The data collected is great because it reinforces the contrast observed in the last G.R.O.S.T; price increasing/decreasing has significant impact on the payouts. Take note of the impact the prices action has when moving up VS moving down.
My conclusion, after analysis the trends, is that the price fluctuations of SBD and STEEM affect the payouts significantly. Be aware of this fact. It would be wise to buy votes in a Bull market instead of Bear market for increased payouts.
I hope you like my excel format. If you have any suggestions, criticisms or observations please don't hesitate to post them; let's get engaged. *Take note that I have color coded the ROI lines.
Green = Profit
Red = Loss
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