Discussion in 'Coin Chat' started by Casman, Oct 18, 2021.
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This is why I always used a sniping service rather than post "live" bids. I'll bet a couple of those (hidden) bids were from snipes.
never let's me down to the final microsecond.
"Faster than a speeding electron..."
which one do you recommend?
(1) Determine the most I'm willing to pay
(2) Bid that amount early
If I get outbid then my opinion is that someone is overpaying.
Getting outbid frees up money for bidding on other items.
On some occasions (<5% of the time) if I get outbid and really like the item I'll up my bid.
This coin that got away was either a possible $5K coin, or BU details.
There were only 3 bidders me included. I am uncertain but could guess the others with the knowledge to spot it. I keep my mistakes whereas the others will call it a gamble but return if they’re wrong.
While I'm no longer active buying [anything] at auction, I used Bidnapper religiously for as many as fifty auctions at a time for many years, and I was successful about 85% of the time. All I needed to do was enter the item # and the amount I was willing to bid ("Bid it and forget it".) Bidnapper would notify me if someone placed a bid higher than mine, and that allowed me plenty of time to decide if I wanted to continue or not.
I don't know what it costs now since it has been more than 10 years since I was a player, but unlimited bids used to cost $43 per year, and it paid for itself almost immediately.
I disagree with the theory of bid high and bid early because it tells other bidders that someone else is involved which allows them to adjust (increase) their bid accordingly. It doesn't mean that the person using a sniping program is crazy and willing to spend too much. I never placed a bid that I didn't think was fair.
A snipe bid is completely hidden from the competition until it is just about too late for someone to post another bid. Oftentimes, this helps to keep the price lower because the other bidders are not expecting another competitor. That is how Bidnapper enabled me to save money on my auction wins and use those savings to pay for the sniping service.
The first 5 or so years that I was on ebay, that's exactly how I do it also. Determine the most I'm willing to pay and bid that amount early. If I get outbid I very rarely place another bid on the item. Over the course of the past 10 or so years now however, 99.9% of the time I purchase the "buy it now" deals. I'm not into bidding wars.
Me, too, but on occasion eBay or the system lets down and doesn't quite catch/transmit a bid that I know was before the last "micro-second." I've lost a few this way...quite frustrating/disappointing...have tried appealing to eBay but to no avail...they've claimed no record of it, that it's a server or system delay, etc.
Bull! If a snipe bid is placed within 3 seconds of the end of an auction, by the time it enters the system and relays it to the auction, it is too late even if you are hovering over "Enter".
Also, let's see how fast your trigger finger is when you are bidding on a dozen auctions that are all ending within a minute of one another.
What percentage of the auctions did you win by bidding early?
I’m fairly certain auction interference is illegal. People that resort to this type of behavior are beyond all morality. I know of some that will wait until it’s over, then message the seller with a higher offer. So no, following auction terms and basic contract law is not doing it wrong.
That's dirty of them. I'm like you, if i gamble and lose i keep it.
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