[Auction]Crypto Imperator .999 Gold 1/2 Troy Oz 1 BTC Coins (10)

[CryptoImperator]

Timer for reference: http://www.timeanddate.com/countdown/generic?p0=769&iso=20161212T20&year=2016&month=12&day=12&hour=20&min=0&sec=0&msg=Crypto%20Imperator%20Gold%20Auction&csz=1

[zanzibar]

I'll bid 1.1btc each for both #1 and #2

[CryptoImperator]

I'll bid 1.1btc each for both #1 and #2

Sorry, but you can only bid for one coin at a time :/, of course if you are outbid you can change to a different one.

[ezeminer]

#7 - 1.1 BTC Ezeminer

[zanzibar]

I'll bid 1.1btc each for both #1 and #2

Sorry, but you can only bid for one coin at a time :/, of course if you are outbid you can change to a different one.

Sorry, didn't realize, 1.1btc for #1 please

[CryptoImperator]

Current High bids:

#1 - 1.1 BTC zanzibar
#2 - 1 BTC bithalo
#3 - 1 BTC bitenvy
#4 - 0 BTC
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 1.5 BTC minerjones
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


miffman has retracted his bid for coin #4

6 days left!

[digicoinuser]

#4 @ 1BTC

[CryptoImperator]

Current High bids:

#1 - 1.1 BTC zanzibar
#2 - 1 BTC bithalo
#3 - 1 BTC bitenvy
#4 - 1 BTC digicoinuser
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 0 BTC
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


minerjones has withdrawn his bid for coin #8

Remember that current reserve price is around ~1.4 BTC per coin...

4 days left

[cwil]

#8 1 btc

[CryptoImperator]

Current High bids:

#1 - 1.1 BTC zanzibar
#2 - 1 BTC bithalo
#3 - 1 BTC bitenvy
#4 - 1 BTC digicoinuser
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 1 BTC cwil
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


Remember that current reserve price is around ~1.4 BTC per coin...

3 days left

[CanaryInTheMine]

#1 .11

[CanaryInTheMine]

Let's try that again...
#1 1.11

[Antuam]

#2 1.05

Regards.

[squall1066]

sorry, can you explain a auction rule to me, regarding this statment

- There is a reserve price for the coins, if at the end of the auction the $ equivalent of the winning bid BTC is not equal or higher than 1050$ the coin will be re-auctioned, unless buyer adds the remaining BTC to reach 1050$. (This is exclusively to cover costs)

so as you say this is around 1.4BTC right now, so if someone wins at 1.05 and someone else wins at 1.15 would they pay 0.1 over 1.4 or any amount over the initial 1 coin to start bidding? I just wonder why you started at 1 coin if this is not enough to cover costs?

just asking for clarity 

[Lauda]

so as you say this is around 1.4BTC right now, so if someone wins at 1.05 and someone else wins at 1.15 would they pay 0.1 over 1.4 or any amount over the initial 1 coin to start bidding? I just wonder why you started at 1 coin if this is not enough to cover costs?

just asking for clarity 

To simplify: The minimum that you have to pay in order to win one of these coins is the equivalent of $1050. So far it seems that nobody will have to pay above it.

[CryptoImperator]

Current High bids:

#1 - 1.11 BTC CanaryInTheMine
#2 - 1.05 BTC Antuam
#3 - 1 BTC bitenvy
#4 - 1 BTC digicoinuser
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 1 BTC cwil
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


Remember that current reserve price is around ~1.4 BTC per coin...

~2 days left

so as you say this is around 1.4BTC right now, so if someone wins at 1.05 and someone else wins at 1.15 would they pay 0.1 over 1.4 or any amount over the initial 1 coin to start bidding? I just wonder why you started at 1 coin if this is not enough to cover costs?

just asking for clarity 

To simplify: The minimum that you have to pay in order to win one of these coins is the equivalent of $1050. So far it seems that nobody will have to pay above it.

Exactly, if you win at 1.15 you should have to increase your bid until it reaches 1050$ or coin will be re-auctioned.

[squall1066]

Exactly, if you win at 1.15 you should have to increase your bid until it reaches 1050$ or coin will be re-auctioned.

sorry, it does not make sense to me, whats the point in bidding up to 1.4 to win the coin?  so were bidding to pay the full amount  ha ha

so if someone wins at 1BTC and one coin goes has a bidding battle up to 1.4, we both pay the same, cant you see why the community is a little riled in your auction guide.

an auction should start at the minimum to cover all costs and go up, not the other way.

[CryptoImperator]

Exactly, if you win at 1.15 you should have to increase your bid until it reaches 1050$ or coin will be re-auctioned.

sorry, it does not make sense to me, whats the point in bidding up to 1.4 to win the coin?  so were bidding to pay the full amount  ha ha

so if someone wins at 1BTC and one coin goes has a bidding battle up to 1.4, we both pay the same, cant you see why the community is a little riled in your auction guide.

an auction should start at the minimum to cover all costs and go up, not the other way.

The only objective of the "public reserve price" is to protect us from sudden changes on Bitcoin price, so if for example auction ends at 1.5 BTC just when price goes to 200$/BTC there is no a huge loss. But if it goes to 1000$/BTC then 1.1 BTC winning bid is enough...

As you correctly say, its a bit pointless to battle until reaching the reserve BTC equivalent, but we thought that bidders would acknowledge that...

[comit]

#3 1.3 BTC

[CryptoImperator]

Current High bids:

#1 - 1.11 BTC CanaryInTheMine
#2 - 1.05 BTC Antuam
#3 - 1.3 BTC comit
#4 - 1 BTC digicoinuser
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 1 BTC cwil
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


Remember that current reserve price is around ~1.4 BTC per coin...

~2 days left