There are plenty of bots who advertise their services by saying you can make x hundred percent SBD if you make a bid at or above a certain minimum. They don't spell out that you can make a loss of 50% or more.

The frequency at which I'm seeing people losing SBD suggests that they don't realise what they've gotten themselves into.

> most bid bots of any size need to pay for their SP, and it's pretty pricey these days. I highly doubt any of them will be open to refunding bids for this reason.

It sounds as though you're saying that bots can't continue to operate unless they rake in SBD/STEEM from excess bidding. Is that true?