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<p>[QUOTE=&quot;ddddd, post: 2317605, member: 22377&quot;]This could work, but the problem that I would see is that there still wouldn&#039;t be enough interest. Let&#039;s say you have a coin that you start at $80 (the least you can do without losing money after fees). What would be enough to attract snipers? I doubt that $70 would be enough. You might need to go to $50 before anyone is interested. When you do that, someone might see it at $50, place a bid right away, and now you are stuck since the price can&#039;t be increased once a bid is placed. Now with a bid at $50, you might get some more action, but most likely the bidding won&#039;t reach your initial $80 and you lose out.</p><p>And in general, I think most snipers come in when an auctions starts at $0.99. Anything too high, unless it&#039;s a truly rare or infrequently traded item, seems to get little or no attention even if set at a reasonable level under market prices.[/QUOTE]</p><p><br /></p>

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