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RE: My Review of Bid Bots: a one year experience.

in #bid-bots • 6 years ago (edited)

I don't like to use bid bots because I don't find it profitable after curation amount deduction. Also in example 3, this is also negative.. you said it's no profit and no loss but curation is there so there is a loss of 25%.
Hope you know about HF21 and they are going to increase curation to 50% .. any idea how these bots will manage in that case.
Thanks for Nice post.

6 years ago in #bid-bots by
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     6 years ago 

    Hi
    I agree these are often not profitable.

    You are absolutely right that you must allow for curation deduction. Fortunately if you click the word details next to each bit it will open a box which reveals the ROI after curation, but only at that point in time. There is still time until the end for late bidders and the calculation must be gone again.

    I think after HF21 curation rewards for the Bid Bots will double, so they will have to increase the reward to the bidder by sharing enough of the reward that it makes sense.

    Posted using Partiko iOS