iPhone for 1000000 BTC

[miffman]

https://www.bitmit.net/en/item/54421-apple-iphone-5-white-16gb-unlocked

 

[marcovaldo]

I don't think that the buyer will pay for it lol.
I have seen iPhone for that price, but they had diamonds, gold and stuff.


Maybe it's a typo

[miffman]

It has to be a typo lol

[marcovaldo]

More than one, then:

User   Bid   Time
bitcoinraja    99,999,999.99999999 GBP    2013-08-30, 09:07 am
hiimgay2013    99,999,999.99999999 GBP    2013-08-29, 12:26 pm
lukesummers2013    99,999,999.33 GBP    2013-08-29, 12:26 pm
hiimgay2013    99,999,999.00 GBP    2013-08-29, 12:26 pm
lukesummers2013    3,000.33 GBP    2013-08-29, 12:26 pm
hiimgay2013    3,000.00 GBP    2013-08-29, 12:26 pm





And you can "buy it now" for only 190 GBP....

[b!z]

If you take a time machine and go back a few years, 1000000 BTC would be a great price for an iPhone 5.

[Welsh]

Actually, that phone has been listed about 4 times. From a different user each time. If you bid on it, you'll have a message "Would you like to buy this for 1BTC" each time. Then when the auction finishes, it will be listed again. Every time this has happened, the account has had bad feedback stating they wanted the coins first. (The pictures can be found on google also).

So, I guess the buyers realised and made a massive bid to stop others bidding. The top bidder is probably on a new account.

[zwanzig20]

If you take a time machine and go back a few years, 1000000 BTC would be a great price for an iPhone 5.

I would put the BTC on a USB and take it back with me

[marcovaldo]

Actually, that phone has been listed about 4 times. From a different user each time. If you bid on it, you'll have a message "Would you like to buy this for 1BTC" each time. Then when the auction finishes, it will be listed again. Every time this has happened, the account has had bad feedback stating they wanted the coins first. (The pictures can be found on google also).

So, I guess the buyers realised and made a massive bid to stop others bidding. The top bidder is probably on a new account.

Why the buyers would do that and not buy it now at the price asked by the seller (around 1 btc).
I don't understand it.

[01BTC10]

Actually, that phone has been listed about 4 times. From a different user each time. If you bid on it, you'll have a message "Would you like to buy this for 1BTC" each time. Then when the auction finishes, it will be listed again. Every time this has happened, the account has had bad feedback stating they wanted the coins first. (The pictures can be found on google also).

So, I guess the buyers realised and made a massive bid to stop others bidding. The top bidder is probably on a new account.

Why the buyers would do that and not buy it now at the price asked by the seller (around 1 btc).
I don't understand it.

To block what he think is a scam attempt. The seller is trying to bypass the escrow system by asking the buyer to send the BTC directly to him before he ship.

[jackjack]

If you take a time machine and go back a few years, 1000000 BTC would be a great price for an iPhone 5.

I would put the BTC on a USB and take it back with me

Great, you would have orphans transactions on your USB key, enjoy your 0BTC

[Welsh]

Actually, that phone has been listed about 4 times. From a different user each time. If you bid on it, you'll have a message "Would you like to buy this for 1BTC" each time. Then when the auction finishes, it will be listed again. Every time this has happened, the account has had bad feedback stating they wanted the coins first. (The pictures can be found on google also).

So, I guess the buyers realised and made a massive bid to stop others bidding. The top bidder is probably on a new account.

Why the buyers would do that and not buy it now at the price asked by the seller (around 1 btc).
I don't understand it.

I guess they could be trying to prolong it. But, I'm not sure why they are bidding that amount. I would of thought they would just report it. I'm guessing it's been reported a few times now. But, when this ends and there's a similar auction, look out. The price normally starts at £10. As soon as you bid you normally get a message something like I already stated. I have done this twice now and had a similar message. They are both new accounts. Also, the account always has negative feedback after the auction is finished.

The bidders could be also new accounts to stop others from bidding. They don't mind getting negative feedback from the seller if they have purposely done it to stop others from bidding. This has happened a few times.

[marcovaldo]

Ok, I will check it

[gerXhonza]

Actually, that phone has been listed about 4 times. From a different user each time. If you bid on it, you'll have a message "Would you like to buy this for 1BTC" each time. Then when the auction finishes, it will be listed again. Every time this has happened, the account has had bad feedback stating they wanted the coins first. (The pictures can be found on google also).

So, I guess the buyers realised and made a massive bid to stop others bidding. The top bidder is probably on a new account.

Why the buyers would do that and not buy it now at the price asked by the seller (around 1 btc).
I don't understand it.

To block what he think is a scam attempt. The seller is trying to bypass the escrow system by asking the buyer to send the BTC directly to him before he ship.

I wouldnt be surprised if there will be lawsuit against the winner to pay the bidded amount for the item

[01BTC10]

I would be extremely surprised. This is not eBay.

[gerXhonza]

I would be extremely surprised. This is not eBay.

Ok, BitMit might add "Scammer paradise" to their logo then

[marcovaldo]

I would be extremely surprised. This is not eBay.

Ok, BitMit might add "Scammer paradise" to their logo then

Bitcoin is the scammer paradise, not bitmit.
That's like if someone steals you 100 euros in the street. You go to the police, the police arrested him, but he can't give you back the 100 euros because the transaction is irreversible 

[01BTC10]

This is why Bitmit and experimented bitcoiners use escrow.

[Welsh]

That's right. If for what ever reason the seller wants you to pay without escrow, simply don't do it. Even if they are the highest reputable members on bitmit. It's happened before when they run off with the money. So, always require escrow. At the moment I think bitmit hasn't had many scams because everyone tends to use escrow.

[hope4me]

That's like if someone steals you 100 euros in the street. You go to the police, the police arrested him, but he can't give you back the 100 euros because the transaction is irreversible 

In reality you go to the police, file your case and nothing happens

[miffman]

I'm pretty sure it's a whole joke between the sellers and the bidders