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<p>[QUOTE="coinup, post: 6591989, member: 23176"]Not at all. Say I want a coin and am willing to pay 100.00 for it. The <i>current</i> bid may be 25.00, I bid 100.00 - the current bid will still show 25.00 and has to be beat by someone willing to pay 101.00...and so on...</p><p>You may come along and bid 30.00...now mine automatically goes to 31.00...etc etc etc until you bid 101.00. Then I have the option to get into a bidding war or drop out and you may win at 101.00.[/QUOTE]</p><p><br /></p>
[QUOTE="coinup, post: 6591989, member: 23176"]Not at all. Say I want a coin and am willing to pay 100.00 for it. The [I]current[/I] bid may be 25.00, I bid 100.00 - the current bid will still show 25.00 and has to be beat by someone willing to pay 101.00...and so on... You may come along and bid 30.00...now mine automatically goes to 31.00...etc etc etc until you bid 101.00. Then I have the option to get into a bidding war or drop out and you may win at 101.00.[/QUOTE]
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