tinus42
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November 28, 2013, 06:55:59 PM |
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Sadly I have to withdraw my bid. Don't have spare BTC anymore.
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SebastianJu (OP)
Legendary
Offline
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
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November 28, 2013, 07:42:46 PM |
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Sadly I have to withdraw my bid. Don't have spare BTC anymore. Normally bids are binding... so guys please only bid if you have the bitcoins. actually, the 25% yearly dividend is meaningless at this time. we actually just bet if Friecat be back again in the next spring of 2014. I just take the bet, I know it's high risk. But my cost of BTC is really low, so it's easy to me to take the bet.
Yes... betting was done all the time but the shareprice was bound to the divs all the time. Probably the traders that looks for the yearly return are more than the one betting. New status: 1320 Direct Asicminer Shares Price Amount Bids Total User-ID Username 0.33 1 1 1 137510 jimmothy 0.33 17 1 17 119418 User705 0.33 20 1 20 66038 data 0.32 16 1 16 124426 atomicchaos 0.32 30 1 30 104287 sleger 0.32 18 1 18 23054 mumchristmas 0.32 10 1 10 92749 damiano 0.32 12 1 12 18668 greatscott 0.32 40 1 40 56886 fhh 0.32 150 1 150 35308 kaerf 0.32 3 1 3 83868 vortex1878 0.32 130 1 130 66041 chriswilmer 0.32 7 1 7 106031 saffron 0.31 10 1 10 99161 BTCLondon 0.31 170 1 170 130397 David Chen 0.31 4 1 4 169396 pishish 0.31 15 1 15 168752 sochee 0.31 20 1 20 89079 TaaviK 0.31 40 1 40 88753 freedomno1 0.31 5 1 5 125959 Tafelpoot 0.31 105 1 105 85989 Juzzers 0.31 75 1 75 92839 Ajay 0.31 45 1 45 64957 Aruut 0.31 30 1 30 138652 hotpoonis 0.31 25 1 25 90703 sooraw 0.31 4 1 4 143170 cacalillos 0.31 35 1 35 88390 KarmaShark 0.31 20 1 20 90215 pierrejo 0.31 20 1 20 152395 fuji 0.31 25 1 25 78929 superbit 0.31 2 1 2 89388 dnaleor 0.31 25 1 25 106038 spartan82 0.31 1 1 1 22116 _mr_e 0.31 3 1 3 40879 bitdude 0.31 30 1 30 103925 whalezy 0.31 157 1 157 26684 bitsalame Shares gone: 1320 Remaining Shares: 0
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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David Chen
Member
Offline
Activity: 91
Merit: 10
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November 29, 2013, 05:17:01 AM |
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it seems that the auction is done ? I have bought a lot in havelock...
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reputation is everything.
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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November 29, 2013, 05:26:24 AM |
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it seems that the auction is done ? I have bought a lot in havelock...
The auction runs another day and a half. there are no shares left to bid on at .29, you have to up the bid to jack the shares from one of the listed targets. I mean buyers
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toffoo
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November 29, 2013, 05:29:00 AM |
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75 @ 0.32 BTC
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David Chen
Member
Offline
Activity: 91
Merit: 10
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November 29, 2013, 06:09:38 AM |
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I have bought all 170 shares on havelock, so pls cancel my 170@0.31 bid . sorry for that....
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reputation is everything.
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dmcdad
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November 29, 2013, 06:27:01 AM |
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Guys, there is no canceling an auction bid. You have to wait until you are outbid if you want out of the auction. Not playing by those rules is going to hurt the confidence people have in you for further dealings...
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jimmothy
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November 29, 2013, 06:33:20 AM |
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Guys, there is no canceling an auction bid. You have to wait until you are outbid if you want out of the auction. Not playing by those rules is going to hurt the confidence people have in you for further dealings...
Well technically it is not a rule and it is better he cancel the bids if he cannot possible pay for them now. Although cancelling because you simply changed your mind is definitely bad auction etiquette.
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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November 29, 2013, 07:22:57 AM |
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Speaking of auction rules. I'm assuming that top bidders would get filled at lowest possible price although it's not that much of a difference but still every little bit helps.
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empoweoqwj
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November 29, 2013, 07:51:04 AM |
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+1 You can't stop people cancelling their bids with a range of excuses, but you can never deal with them again ;-) Guys, there is no canceling an auction bid. You have to wait until you are outbid if you want out of the auction. Not playing by those rules is going to hurt the confidence people have in you for further dealings...
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empoweoqwj
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November 29, 2013, 07:55:26 AM |
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Guys, there is no canceling an auction bid. You have to wait until you are outbid if you want out of the auction. Not playing by those rules is going to hurt the confidence people have in you for further dealings...
Well technically it is not a rule and it is better he cancel the bids if he cannot possible pay for them now. Although cancelling because you simply changed your mind is definitely bad auction etiquette. From first auction post i.e. rules of auction, specified by seller: Bids are binding.So technically, yes it is a rule, because the seller gets to the make up the rules of his own auction. And yes the guy that pulled out did simply "change his mind", he decided to ignore his binding bid here and buy elsewhere. Legally of course nothing to be done, but its definitely more than "bad auction etiquette". And people that do that deserve the rep they will end up with. Bids are binding. Its a very simple rule.
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David Chen
Member
Offline
Activity: 91
Merit: 10
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November 29, 2013, 08:16:08 AM |
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if the market price is 0.3 ,the auction price here is more than 0.31, then what would you do ? I am sure most guys will buy it directly on markets even he didn't cancel his bid. IF I obey the rule strongly, Then I will just let the my bid here let it be , and wish I would be kicked out, it's a smart choice. but what if I am not kicked out finally, I am sure I just have no more BTCs to buy there shares even I really want to pay them to obey the rule. Also, I know reputation is really important for the bitcoiner , but I think it's not just simply about "obey the rule".
whatever, cancel my bid is the best choice both for the seller and buyer. If people stick to say " you should obey the rule,anyway" , then I say sorry for that... In this situation , I just don't know "what's the right thing to do" , also it's maybe one of the problems of 7 days period of auction....
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reputation is everything.
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bublus7
Newbie
Offline
Activity: 13
Merit: 0
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November 29, 2013, 08:40:51 AM |
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Some of the people that got outbid posted new bids at higher levels of price. It was perfectly normal to do so. But when it comes to canceling auction bids, this always re-activate older bids and good faith buyers might find out in the end that they would have to buy more shares than they ever planned. What should they do, cancel some of their bids too?! Who is keeping track of all the mess? It would take weeks to sort this out and get firm confirmations from all buyers...
This is why bids have to be binding, the rule is logical.
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fhh
Legendary
Offline
Activity: 1206
Merit: 1000
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November 29, 2013, 08:51:06 AM |
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if the market price is 0.3 ,the auction price here is more than 0.31, then what would you do ? I am sure most guys will buy it directly on markets even he didn't cancel his bid. IF I obey the rule strongly, Then I will just let the my bid here let it be , and wish I would be kicked out, it's a smart choice. but what if I am not kicked out finally, I am sure I just have no more BTCs to buy there shares even I really want to pay them to obey the rule. Also, I know reputation is really important for the bitcoiner , but I think it's not just simply about "obey the rule".
whatever, cancel my bid is the best choice both for the seller and buyer. If people stick to say " you should obey the rule,anyway" , then I say sorry for that... In this situation , I just don't know "what's the right thing to do" , also it's maybe one of the problems of 7 days period of auction....
there is one simple rule for everyone taking part in an auction: DON'T spent coins you need to fulfill your bid!!!!
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fuji
Newbie
Offline
Activity: 8
Merit: 0
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November 29, 2013, 08:55:11 AM |
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Been kicked out...and re-bid now
18 @ 0.31
I notices you have mistaken my bid for “20 @ 0.31”, please make correction since after I've been kicked off, my re-bid changed to 18 @ 0.31 since I have limited amount of BTC on hand now.
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bitdude
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November 29, 2013, 09:22:47 AM |
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if the market price is 0.3 ,the auction price here is more than 0.31, then what would you do ? I am sure most guys will buy it directly on markets even he didn't cancel his bid. IF I obey the rule strongly, Then I will just let the my bid here let it be , and wish I would be kicked out, it's a smart choice. but what if I am not kicked out finally, I am sure I just have no more BTCs to buy there shares even I really want to pay them to obey the rule. Also, I know reputation is really important for the bitcoiner , but I think it's not just simply about "obey the rule".
whatever, cancel my bid is the best choice both for the seller and buyer. If people stick to say " you should obey the rule,anyway" , then I say sorry for that... In this situation , I just don't know "what's the right thing to do" , also it's maybe one of the problems of 7 days period of auction....
Well, if you think a couple of bucks is more worth than your word and your reputation, then what you say makes sense. Just please make sure you don't bid in my auctions. Thanks.
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101111
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November 29, 2013, 09:33:15 AM |
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if the market price is 0.3 ,the auction price here is more than 0.31, then what would you do ? I am sure most guys will buy it directly on markets even he didn't cancel his bid. IF I obey the rule strongly, Then I will just let the my bid here let it be , and wish I would be kicked out, it's a smart choice. but what if I am not kicked out finally, I am sure I just have no more BTCs to buy there shares even I really want to pay them to obey the rule. Also, I know reputation is really important for the bitcoiner , but I think it's not just simply about "obey the rule".
whatever, cancel my bid is the best choice both for the seller and buyer. If people stick to say " you should obey the rule,anyway" , then I say sorry for that... In this situation , I just don't know "what's the right thing to do" , also it's maybe one of the problems of 7 days period of auction....
Well, if you think a couple of bucks is more worth than your word and your reputation, then what you say makes sense. Just please make sure you don't bid in my auctions. Thanks. +1
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gurcani
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November 29, 2013, 09:43:50 AM |
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Consider the case for instance someone bids 1320 shares at 0.4? Anyone else has to bid higher than him. so the table gets filled with 0.41s, 0.42s etc.
Then the initial buyer just withdraws in the last minute. and eventually we find out that was the seller himself (or a friend). The seller manipulates the market with zero consequences.
So binding auctions protect the both the buyer and the seller. If the seller and all the other buyers play by the rules, you have to play by the rules as well.
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jimmothy
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November 29, 2013, 10:04:25 AM |
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Consider the case for instance someone bids 1320 shares at 0.4? Anyone else has to bid higher than him. so the table gets filled with 0.41s, 0.42s etc.
Then the initial buyer just withdraws in the last minute. and eventually we find out that was the seller himself (or a friend). The seller manipulates the market with zero consequences.
So binding auctions protect the both the buyer and the seller. If the seller and all the other buyers play by the rules, you have to play by the rules as well.
Although I don't condone shills you really shouldn't be bidding more than you think it is worth.
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data
Member
Offline
Activity: 84
Merit: 10
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November 29, 2013, 10:15:45 AM |
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Although I don't condone shills you really shouldn't be bidding more than you think it is worth.
Problem is not what I think it is worth (because I would not necessarily bid more), but what I have to pay for it. My .33 was at least in part motivated by the fact to be early on the .33 list, so I am not the first one thrown off again when it rises further. If now everybody jumps ship because shares on havelock were cheaper... I could have bought those as well (saw it), but I had already bid on here. So, if I ever auction anything on here, I will look out for these peoples names as well.
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