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<p>[QUOTE="mikem2000, post: 1424160, member: 30574"]Detecto,</p><p><br /></p><p>That is just slick marketing. In reality, BP's don't exist, the seller takes both the SP and the BP right on the chin. It just sounds better to the seller to tell him his premium is 10% rather than saying the SP is 25%. Think about it, when the buyers are bidding, the total price including BP is clearly listed, so if a buyer bids $1000, he knows darn well he is in fact bidding $1150. This is all taken into consideration, see for the buyer it is only the final price including all fees that counts. So if the buyer can get the coins for $1050 elsewhere, he will not bid $1000 for it on HA. The buyer adjusts his bid downwards to compensate for the BP.</p><p><br /></p><p>To put in better perspective, what if the buyers premium was 50%, does that mean that buyers would be stupid to bid on that site? No, there would still be plenty of buyers, they would just be adjusting their bids downward.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1424160, member: 30574"]Detecto, That is just slick marketing. In reality, BP's don't exist, the seller takes both the SP and the BP right on the chin. It just sounds better to the seller to tell him his premium is 10% rather than saying the SP is 25%. Think about it, when the buyers are bidding, the total price including BP is clearly listed, so if a buyer bids $1000, he knows darn well he is in fact bidding $1150. This is all taken into consideration, see for the buyer it is only the final price including all fees that counts. So if the buyer can get the coins for $1050 elsewhere, he will not bid $1000 for it on HA. The buyer adjusts his bid downwards to compensate for the BP. To put in better perspective, what if the buyers premium was 50%, does that mean that buyers would be stupid to bid on that site? No, there would still be plenty of buyers, they would just be adjusting their bids downward.[/QUOTE]
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