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Title: 50 LTC Auction again with a twist Post by: BTCBLOGGER on June 03, 2015, 04:05:50 AM You are bidding on 50 Litecoins (LTC)
Starting bid - 0.001 BTC Bid increment - 0.001 BTC Ending time - 2 hour from last bid Twist - 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. 2. Newbie and Jr. Members are not allowed. 3. All bids will be discarded if we are getting more than 15% loss. Bid starts now Title: Re: 50 LTC Auction again with a twist Post by: jenifer0012 on June 03, 2015, 04:14:39 AM 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay? 3. All bids will be discarded if we are getting more than 15% loss. then this is most likely a auction with nowhere to go if you didnt get enough bids? Title: Re: 50 LTC Auction again with a twist Post by: BTCBLOGGER on June 03, 2015, 04:20:47 AM 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay? 3. All bids will be discarded if we are getting more than 15% loss. then this is most likely a auction with nowhere to go if you didnt get enough bids? Yes i found a block though solo mining and it cost me 0.3 BTC so i can't afford to give it to you below that. Title: Re: 50 LTC Auction again with a twist Post by: Malin Keshar on June 03, 2015, 05:29:51 AM 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay? 3. All bids will be discarded if we are getting more than 15% loss. then this is most likely a auction with nowhere to go if you didnt get enough bids? Yes i found a block though solo mining and it cost me 0.3 BTC so i can't afford to give it to you below that. so your true minimum bid is 0.3BTC instead of 0.001BTC? And I guess you'll use escrow, right? Title: Re: 50 LTC Auction again with a twist Post by: jenifer0012 on June 03, 2015, 05:35:42 AM I would like to start the bidding
.001 Title: Re: 50 LTC Auction again with a twist Post by: Ruzka on June 03, 2015, 05:41:23 AM Twist - 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. 3. All bids will be discarded if we are getting more than 15% loss. Bid starts now #1 is terrible, so you get double what has been bid from the winning bid? Which takes me on to #2 you get double the winning bid but you will not accept less than a 15% loss? By what I understand you should have either sold 50 ltc with a reserve and out a really high price that is the twist getting double what has been bid. Title: Re: 50 LTC Auction again with a twist Post by: BTCBLOGGER on June 03, 2015, 05:43:58 AM 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay? 3. All bids will be discarded if we are getting more than 15% loss. then this is most likely a auction with nowhere to go if you didnt get enough bids? Yes i found a block though solo mining and it cost me 0.3 BTC so i can't afford to give it to you below that. so your true minimum bid is 0.3BTC instead of 0.001BTC? And I guess you'll use escrow, right? Title: Re: 50 LTC Auction again with a twist Post by: BTCBLOGGER on June 03, 2015, 05:45:59 AM Twist - 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. 3. All bids will be discarded if we are getting more than 15% loss. Bid starts now #1 is terrible, so you get double what has been bid from the winning bid? Which takes me on to #2 you get double the winning bid but you will not accept less than a 15% loss? By what I understand you should have either sold 50 ltc with a reserve and out a really high price that is the twist getting double what has been bid. Title: Re: 50 LTC Auction again with a twist Post by: Ruzka on June 03, 2015, 05:52:09 AM Twist - 1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him. 3. All bids will be discarded if we are getting more than 15% loss. Bid starts now #1 is terrible, so you get double what has been bid from the winning bid? Which takes me on to #2 you get double the winning bid but you will not accept less than a 15% loss? By what I understand you should have either sold 50 ltc with a reserve and out a really high price that is the twist getting double what has been bid. Right that is good thanks for clearing that up. So the winner only pays 42.5 % which is a bargain the poor second bidder lol What would make this even better would be a much smaller reserve, but. It is your auction good luck! Here I will have a cheeky bid :P 0.002btc Title: Re: 50 LTC Auction again with a twist Post by: TriggerX on June 03, 2015, 05:57:45 AM 50 LTC as of now is 0.3719, and 85% of that is 0.316115. Based on your previous comment you restated that 85% equal to the last bid times 2 which is roughly 0.1580575BTC. Why didn't you make that your base bet if you weren't going to sell lower?
Title: Re: 50 LTC Auction again with a twist Post by: BTCBLOGGER on June 03, 2015, 06:16:07 AM 50 LTC as of now is 0.3719, and 85% of that is 0.316115. Based on your previous comment you restated that 85% equal to the last bid times 2 which is roughly 0.1580575BTC. Why didn't you make that your base bet if you weren't going to sell lower? Yes, but then people will not get the fun of bidding.Title: Re: 50 LTC Auction again with a twist Post by: xFrostee on June 03, 2015, 06:58:39 AM 50 LTC as of now is 0.3719, and 85% of that is 0.316115. Based on your previous comment you restated that 85% equal to the last bid times 2 which is roughly 0.1580575BTC. Why didn't you make that your base bet if you weren't going to sell lower? Yes, but then people will not get the fun of bidding.Your fun of bidding will only cost spam since the starting bid is only .001 I suggest making it atleast .05 to prevent future spams |