Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
More eBay Questions
>
Reply to Thread
Message:
<p>[QUOTE="Vess1, post: 6593784, member: 13650"]Welp, the real world strategy of bidding on there is wait until the last 5 seconds for just about 95% of auctions you're going to look at. Maybe more.</p><p><br /></p><p> I prefer buy it nows with make an offer as well, but unfortunately, buy it nows tend to have extremely high prices. Usually with profits, shipping and fees factored in at the least. So if you don't want any hassle and you gotta have something and are willing to pay.... the buy it now route is often there. </p><p><br /></p><p> On other stuff people list an auction with a reserve. Now the seller can start it at 0.01 cent and if it only gets bid up to ten cents it doesn't matter. Seller's not obligated to sell because it didn't meet the reserve price they set. The bid stays red until reserve is met, then the dollar amount turns green once surpassed. The reserve price is unknown until someone bids above it.</p><p><br /></p><p> Now we get to the open auction with no reserve that most people prefer. Much riskier for sellers but can attract more buyers. From the buyer's point of view, there's zero point in putting your max bid in with 5 days to go. Or even an hour to go. Seller's want you to (of course), but all it takes is one other person who "has to have said item" for whatever reason vs. you and the bidding war takes off. Some people say they have a max number in their head and that's their stopping point. While others, if allowed days, hours or even minutes to think about where the price is at, will end up justifying in their heads to <b>bid more</b>. </p><p><br /></p><p> I don't want anyone to see my max bid until there's about 4 seconds remaining because I don't want people to be able to sit there and think about going even higher, then making me pay even more because someone inevitably will. This is how it works and how most people play it. You'll often see several bids come in in the last 5 seconds. I just use the app on my phone. If you have something on your watch list, your phone alerts you with 15 min. remaining and 5 min. remaining if you choose to bid. Whether you're in the car at dinner or standing in a corn field. The app works well.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 6593784, member: 13650"]Welp, the real world strategy of bidding on there is wait until the last 5 seconds for just about 95% of auctions you're going to look at. Maybe more. I prefer buy it nows with make an offer as well, but unfortunately, buy it nows tend to have extremely high prices. Usually with profits, shipping and fees factored in at the least. So if you don't want any hassle and you gotta have something and are willing to pay.... the buy it now route is often there. On other stuff people list an auction with a reserve. Now the seller can start it at 0.01 cent and if it only gets bid up to ten cents it doesn't matter. Seller's not obligated to sell because it didn't meet the reserve price they set. The bid stays red until reserve is met, then the dollar amount turns green once surpassed. The reserve price is unknown until someone bids above it. Now we get to the open auction with no reserve that most people prefer. Much riskier for sellers but can attract more buyers. From the buyer's point of view, there's zero point in putting your max bid in with 5 days to go. Or even an hour to go. Seller's want you to (of course), but all it takes is one other person who "has to have said item" for whatever reason vs. you and the bidding war takes off. Some people say they have a max number in their head and that's their stopping point. While others, if allowed days, hours or even minutes to think about where the price is at, will end up justifying in their heads to [B]bid more[/B]. I don't want anyone to see my max bid until there's about 4 seconds remaining because I don't want people to be able to sit there and think about going even higher, then making me pay even more because someone inevitably will. This is how it works and how most people play it. You'll often see several bids come in in the last 5 seconds. I just use the app on my phone. If you have something on your watch list, your phone alerts you with 15 min. remaining and 5 min. remaining if you choose to bid. Whether you're in the car at dinner or standing in a corn field. The app works well.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
More eBay Questions
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...