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Author Topic: Auctions - Guidelines and Tips!  (Read 49861 times)
b!z
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September 03, 2013, 01:54:42 PM
 #1

    Introduction

    This guide contains guidelines intended to reduce the number of threads in the wrong section as well as arguments regarding vague auction terms and imprecise descriptions. You do not have to follow all of the guidelines in this guide, but they will all help you in some way or another.

    What is the Auctions board for?

    Forum description:
    Quote
    Auctions may optionally be placed in this section. Topics and replies in this section can't be modified or deleted.

    If you are selling a good or service for a fixed price, you should not use the Auctions board to place your thread! Instead, post in the appropriate board. A list of Marketplace boards can be found at the top of this page: https://bitcointalk.org/index.php?board=5.0

    Marketplace Rules and Guidelines

    The Marketplace Rules and Guidelines apply to all areas of the marketplace, including Auctions. You can read them here: https://bitcointalk.org/index.php?topic=3629.0

    Make sure you know who you are dealing with!

    Whether you are the buyer or seller, you should always make sure the person you are dealing with can be trusted. Factors to consider include marketplace trust, successful trades, and reputation (on or off-site). Search the person's username to see if he/she has been labeled a scammer in the past. If you feel uncertain about a deal, it is better to cancel the deal than to be scammed. Use a trusted escrow or middleman to protect both parties!

    What should you include in your auction?

    • Thread subject
      A good thread subject mentions the item(s) being sold and the quantity clearly. Price and other information can also be included.
    • Description
      Describe what you are selling in detail, so that buyers know exactly what they are bidding on. You can include images of the item, or proof of ownership (a signed message for example).
    • Starting bid
      The lowest price you will sell the item for.
    • Buy it now
      The price you will sell the item for immediately.
    • End date and time
      When writing the end date and time, be sure to include the time zone.
    • Payment methods accepted
      If you accept payment methods other than Bitcoin, mention them here. Beware of PayPal and other reversible transfer services!
    • Additional information
      You can include information about payment, shipping costs, escrow, and auction rules here.

    You can copy this code into your auction to get started right away:
    [/list]
    Code:
    [b]Description:[/b]
    [b]Starting bid:[/b]
    [b]Buy it now:[/b]
    [b]End date and time:[/b]
    [b]Payment methods accepted:[/b]
    [b]Additional information:[/b]

    Auctioning shares

    When auctioning shares, there are some pieces of infomation that you should include in your thread. You should sign a message with your dividend address as proof of ownership. You can also guarantee a date for share transfers to be finished, to avoid arguments regarding dividends.

    Seller Tips

    • Add a countdown timer to your auction by following this tutorial: https://bitcointalk.org/index.php?topic=285166.0
    • Give a brief description of the auction goods and terms in the thread subject.
    • Don't be vague in your description. The more details, the better!
    • Give buyers an idea on how much shipping will cost (if it is a physical item).
    • Keep track of your auction regularly to respond to questions.
    • Set up your auction to end at a convenient time, so you can contact the winning bidder and arrange delivery promptly.

    Buyer Tips

    • Ask the seller any questions you have about the items being auctioned. If you are not sure about the item's condition or if you want more information, you can post your question in the auction thread.
    • Replies in the Auctions section cannot be deleted or modified. Choose your bid wisely!
    • To keep track of bids in an auction, click the 'Watch' button at the top or bottom of the auction thread. The thread will show up in your watchlist.

    Conclusion

    Sellers: Be precise in your auction description and terms, keep track of your auction and make sure the bidders are always informed.
    Buyers: Ask questions about what you are bidding on, and make sure you agree with the auction terms.
    Everyone: Exercise caution when trading with strangers, and always use an escrow when in doubt.

    Stay safe, and happy trading!
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    Welsh
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    September 05, 2013, 09:04:01 AM
     #2

    Nice guide! Very helpful for new members.
    b!z
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    September 07, 2013, 07:11:56 AM
     #3

    Nice guide! Very helpful for new members.

    Thanks! I'm glad it is helpful to other people.
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    September 07, 2013, 06:33:10 PM
     #4

    Thanks for putting this together B!z

    I was thinking that it might be useful to add a section with a step-by-step guide for the escrow process as most Auctions will probably be using it.  PM's that need to be sent, who the funds are transferred to and when, etc.

    b!z
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    September 08, 2013, 09:31:42 AM
     #5

    Thanks for putting this together B!z

    I was thinking that it might be useful to add a section with a step-by-step guide for the escrow process as most Auctions will probably be using it.  PM's that need to be sent, who the funds are transferred to and when, etc.

    Yes, that could be useful. I think most escrows would explain the process to you individually based on what is being escrowed though.
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    September 23, 2013, 09:13:35 PM
     #6

    good work very helpful for all old and new members thanks for this work

    b!z
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    September 24, 2013, 11:27:28 AM
     #7

    good work very helpful for all old and new members thanks for this work

    I'm glad I helped you. Do you want to suggest anything I can add to this guide?
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    October 13, 2013, 07:50:41 AM
     #8

    I am first time in this section and reading all your Guidelines I am very impressed with this thanks for this all information about this system good work  Smiley

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    November 16, 2013, 01:10:03 AM
     #9

    how do you set a timer on your Auctions?

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    November 17, 2013, 07:52:52 PM
     #10

    how do you set a timer on your Auctions?

    Visit this website: http://gifcountdown.com/

    Once you set up all the details (ending date, time, timezone), copy the URL and paste it on the forum between
    Code:
    [img][/img]
    tags.
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    January 07, 2014, 12:00:41 PM
     #11

    Very useful post. I amazed with orderness. thanks.
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    January 27, 2014, 03:58:09 AM
     #12

    Whoa, a whole new world here.

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    March 09, 2014, 12:30:12 AM
     #13

    Nice sticky Cheesy

    One thing i should point out tho, tried recommended counter but it doesn't seem to display correctly.

    It only seems to display the top bit of the gif and doesn't refresh.

    Auction ends: Sunday, 16th March, 2014 at 8:00pm


    Any alternate counter you can recommend?

    Cheers,
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    March 13, 2014, 08:14:56 PM
     #14

    you should make a new section for domains auctions , its very annoying to see all these domains auctions like this is a domains forum ...
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    April 21, 2014, 10:55:59 AM
     #15

    is there some price difference between the auction and buying/selling in the intnet?
    and how to trade with auction?

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    May 13, 2014, 07:22:05 PM
     #16

    very effective way of explaining the rules and tips to take maximum benefit of auctions. thanx.
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    July 30, 2014, 02:13:42 PM
     #17

    Great suggestions. I love the explanation. I'm gonna use the format now
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    September 30, 2014, 08:23:55 PM
     #18

    Add a countdown timer to your auction by following this tutorial: https://bitcointalk.org/index.php?topic=285166.0
    Hopefully Admin will find an acceptable solution for images soon. Sad
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    November 06, 2014, 06:41:55 AM
     #19

    Add a countdown timer to your auction by following this tutorial: https://bitcointalk.org/index.php?topic=285166.0
    Hopefully Admin will find an acceptable solution for images soon. Sad

    Well to be honest I solved that one a while ago just thought someone else would notice by now

    Set it as needed have it set to tomorrow
    Can also do it date format
    http://blog.seanja.com/2012/11/dynamic-animated-countdown-clock-gif/
    http://seanja.com/secret/countdown/gif.php?time=tomorrow

    http://seanja.com/secret/countdown/gif.php?time=2015-01-01

    nutbid
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    December 02, 2014, 09:02:27 AM
     #20

    Thanks , These guidelines and tips of online auction are really very useful to me as I am interested in online auction.
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    March 21, 2015, 05:01:05 AM
     #21

     I am very impressed with this good job Smiley

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    April 03, 2015, 04:07:35 AM
     #22

    Add a countdown timer to your auction by following this tutorial: https://bitcointalk.org/index.php?topic=285166.0
    Hopefully Admin will find an acceptable solution for images soon. Sad

    Well to be honest I solved that one a while ago just thought someone else would notice by now

    Set it as needed have it set to tomorrow
    Can also do it date format
    http://blog.seanja.com/2012/11/dynamic-animated-countdown-clock-gif/
    http://seanja.com/secret/countdown/gif.php?time=tomorrow

    http://seanja.com/secret/countdown/gif.php?time=2015-01-01



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    April 05, 2015, 06:43:48 PM
     #23

    I got a question. say I only have BTC1 on my wallet and bid that exact amount on an auction, is it against the rule to bid another BTC1 while the first auction is still running?

    lurking.
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    April 06, 2015, 03:31:52 PM
     #24

    I got a question. say I only have BTC1 on my wallet and bid that exact amount on an auction, is it against the rule to bid another BTC1 while the first auction is still running?

    It isn't against forum rules. I have seen such bids and there was no problem. All you have to do is pay the money if you win or loose it by not paying. Anyway, I suggest you not to bid if you don't have enough balance as we can't be sure whether you will receive the amount or not.

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    April 06, 2015, 11:14:28 PM
     #25

    I got a question. say I only have BTC1 on my wallet and bid that exact amount on an auction, is it against the rule to bid another BTC1 while the first auction is still running?

    It isn't against forum rules. I have seen such bids and there was no problem. All you have to do is pay the money if you win or loose it by not paying. Anyway, I suggest you not to bid if you don't have enough balance as we can't be sure whether you will receive the amount or not.

    alright, thanks.
    of course, I wouldn't bid unless I already have that much money in my wallet

    lurking.
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    May 09, 2015, 01:02:32 PM
     #26

    Auctions should end timer  Huh

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    August 08, 2015, 07:11:30 PM
     #27

    Any thoughts on https://bitcointalk.org/index.php?topic=1141637.0 ? I only read the OP just now after un-ignoring the Auctions board, and maybe I can't hold the auction here the way I envisioned it.

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    January 17, 2016, 07:03:31 PM
     #28

    I can sell anything?
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    March 18, 2016, 09:27:11 AM
     #29

    I have a question to the auction rules, that was not mentioned in the guidelines:

    If I win an auction, do I have a sales contract with the seller, like .. at ebay, wich means that the seller had to sell the good to me, even if he likes the end price or not?
    There a serveral sellers that starts an auction and set the auction end by themself in their description ( like it ends 24 hours after the last bid). 
    They get bids.. the auction ends .... you never here from them again... Angry

    Are there any rules for this? Are there any trusted forum members caring about this?
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    March 18, 2016, 09:43:33 AM
     #30

    I have a question to the auction rules, that was not mentioned in the guidelines:

    If I win an auction, do I have a sales contract with the seller, like .. at ebay, wich means that the seller had to sell the good to me, even if he likes the end price or not?
    There a serveral sellers that starts an auction and set the auction end by themself in their description ( like it ends 24 hours after the last bid). 
    They get bids.. the auction ends .... you never here from them again... Angry

    Are there any rules for this? Are there any trusted forum members caring about this?

    yes unless the seller set a hidden reserve price. you know about ebay so I guess I won't need to explain what a reserve price is.
    but there's also nothing stopping a newly made account from disappearing if they don't like the end bid. unlike ebay, you don't need to verify your paypal and credit card info to make a new account here. so avoid threads made by newbies if you don't want that to happen.

    P.S
    ignore my post above I've reported it. forgot to add the last bit and I can't edit it.

    lurking.
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    March 18, 2016, 07:17:57 PM
     #31

    My latea
    I have a question to the auction rules, that was not mentioned in the guidelines:

    If I win an auction, do I have a sales contract with the seller, like .. at ebay, wich means that the seller had to sell the good to me, even if he likes the end price or not?
    There a serveral sellers that starts an auction and set the auction end by themself in their description ( like it ends 24 hours after the last bid). 
    They get bids.. the auction ends .... you never here from them again... Angry

    Are there any rules for this? Are there any trusted forum members caring about this?

    In an attempt to shut this down, I add variations of the contract below to my auctions. Of course, nobody bids.

    Local rule:
    All replies (other than mine) until further notice must be bids PGP-clearsigned by each bidder using the text in the Code box below, without modification except between each set of {} marks:
    Code:
    I, {insert Bitcointalk username here}, bid {insert bid amount here} for TheButterZone's unused Chase Bank up to $500 bonus code coupon.

    Furthermore, I swear or affirm the following:
    I have read the fine print on the back of the mailer and will abide by it.
    My bid above is legally binding and cannot be retracted.
    As of now, my Bitcointalk member rank is Jr. Member or above.
    I did not have clear & convincing negative feedback of stealing BTC or owing BTC from broken contracts BEFORE the start of this auction.
    I will pay the full amount of BTC no later than 7 calendar days after being provided a PGP-clearsigned unique payment address by TheButterZone,
    and if I fail to do so, I will accept all lawful consequences, including, but not limited to, a negative feedback with risked BTC.
    If I was not the highest bidder, but all higher bidders than me failed to pay within each of their 7 calendar day windows,
    my bid remains legally binding in case I end up being the next highest bidder after them.
    Within 7 calendar days of payment, I will {select A or B}
    A) PGP-encrypt my mailing address in the U.S. (that can accept mail with a single USPS Forever stamp) and PM it to TheButterZone
    B) pick up TheButterZone's unused Chase Bank up to $500 bonus code coupon in San Diego, CA...
    ...(providing at time of pickup, TheButterZone's randomly generated code-phrase that he PGP encrypts to me).
    I can decrypt PGP-encrypted messages to the public key that I'm PGP clearsigning this bid with.

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    March 27, 2016, 07:38:03 PM
     #32

    are you allowed to trade bitcointalk accounts on auction threads
    i wanted to trade my account for another one on here

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    March 27, 2016, 07:46:52 PM
     #33

    are you allowed to trade bitcointalk accounts on auction threads
    i wanted to trade my account for another one on here

    you mean like trading one account for another?
    that's more suited for digital goods. but I don't think many people would want to exchange accounts instead of selling/buying them. especially when the account have negative feedback.

    lurking.
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    March 28, 2016, 04:31:30 AM
     #34

    I am very interested in online auction and these guidesline are vrry useful to me..

    Thanks Bro!
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    July 12, 2016, 03:35:10 AM
     #35

    Thanks for this precise and in order guidelines . It's. Very helpful to new members and also to old ones. These guidelines helps a lot so that every time you post an auction it would be exact as stated on the instructions.

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    July 19, 2016, 07:09:22 AM
     #36

    I find it quite interesting that there is a separate auction section. This forum is really starting to look like a global online marketplace or something.
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    July 19, 2016, 07:17:48 PM
     #37

    To be honest, pliss add some more info about some "word" that usually being use on marketplace thread like "potential activity mean with example"  or "sign message", it will be more helpfull for newbie...
    Thx..

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    November 25, 2016, 04:04:32 PM
     #38

    Nice compilation on the topic !
    I think it should also mention that the users cannot delete their posts or edit them in auctions board.

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    December 23, 2016, 06:38:13 AM
     #39

    Very helpful! nice guidlines

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    January 12, 2017, 01:06:06 PM
     #40

    Can you please update the thread to make things more clear,

    Rules for:

    - Someone didn't describe faults in the good or service
    - Someone End Auction before end time and sell his good or service with price less than Buy It Now ?
    - Someone Sell Illegal goods, Bad Services  Grin
    - Auction End and the OP, the service or good is not available anymore !
    - Auction End the higher better don't have the required amount !


    Regards,

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    March 01, 2017, 05:13:23 PM
     #41

    Hi all,  can anyone recommend a good auction for jewelry for bitcoins online?  thanks
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