►฿GOLD ► 48 HOUR LEALANA LARGE AUCTION (Black Addy/Mult Types) ►฿GOLD ►

[Panthers52]

.005 increments, but 3.165 if I am sleeping or something, lol

Bitguy101's bid is valid on his second bid which was at 28th minute.

Previous bid was at 13th minute.

Auction still valid.

15 minute restart from right now ...and...round 2.... FIGHT! 

Wait? My bid of 3.175555 was at the 39th minute, and no bid more then .005 has come in above that

I see your point but the interpretation by bitguy although is incorrect he does appear to be wanting to outbid you. Either he is bad at math or misunderstood the auction rules.

Either way he appears to want to outbid you.


In future auctions I will stick with an easier increment like. 0.01BTC

So with a auction with a high bid of 1.016 and a bid increment of .005, then the least they can bid in order for the bid to be accepted is 1.021, correct?

My argument is that wanting to outbid someone and actually doing so are two different things

I think it should be valid given obviously he would go higher.

I won't fault him for being bad at math tonight 

Smoothie, is it correct that bids go in .005 increments in general, not .005 higher that last bid?  Bids from what i have seen do not normally extend further than 3 digits past decimal point, or of they do, the third digit is at least a multiple of 5?

It means 0.005BTC higher than the previous bid.

Your interpretation was incorrect but I will let it go and start from my post above where I restarted the 15 min period.

The only reason I am letting it slide is because you obviously wanted to outbid him but had a misinterpretation of the rules or were bad at math. Neither of which I can fault you for.

I also told him that his bids were invalid both times

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[smoothie]

Personally him bidding twice to attempt to outbid you on a misinterpretation of the rules shows me he wants to out if you.

Bitguy101 perhaps next time just be safe and put your bid a little higher than you think it should be.

[Panthers52]

He bid 3.8, and then immediately retracted it and bid 3.18 which is less then .005 then my last bid.

In other words he bid a valid bid and then replaced it with something that was invalid, indicating that he did not want to outbid me

[bitguy101]

Smoothie, very good at math, lol,
Maybe it's just late, as I liked your "noon" auctions better, but honestly I didn't interpret it states must be .005 higher than last bid, just in .005 increments, meaning .005, .010, .015, .020, etc.....
Guess it never was an issue before but duly noted, thanks for the clarification

[smoothie]

He bid 3.8, and then immediately retracted it and bid 3.18 which is less then .005 then my last bid.

In other words he bid a valid bid and then replaced it with something that was invalid, indicating that he did not want to outbid me

Good point. I didn't catch his bid of 3.8 lol.

@Bitguy, was that a fluke bid 3.8?

[smoothie]

He bid 3.8, and then immediately retracted it and bid 3.18 which is less then .005 then my last bid.

In other words he bid a valid bid and then replaced it with something that was invalid, indicating that he did not want to outbid me

Good point. I didn't catch his bid of 3.8 lol.

@Bitguy, was that a fluke bid 3.8?

To be clear I believe bitguy101 still wanted to outbid you (Panthers). His understanding of the increments is what messed him up.

[bitguy101]

He bid 3.8, and then immediately retracted it and bid 3.18 which is less then .005 then my last bid.

In other words he bid a valid bid and then replaced it with something that was invalid, indicating that he did not want to outbid me

Good point. I didn't catch his bid of 3.8 lol.

@Bitguy, was that a fluke bid 3.8?

Sorry, that was just a typo, hit 3.80 instead of 3.180, just missed the 1, and fixed it to what I thought was following rules.

[Panthers52]

He bid 3.8, and then immediately retracted it and bid 3.18 which is less then .005 then my last bid.

In other words he bid a valid bid and then replaced it with something that was invalid, indicating that he did not want to outbid me

Good point. I didn't catch his bid of 3.8 lol.

@Bitguy, was that a fluke bid 3.8?

To be clear I believe bitguy101 still wanted to outbid you (Panthers). His understanding of the increments is what messed him up.

I understand that however a major rule in auction strategy is to know the rules of the auction (no pun intended)

[Panthers52]

And after the 1st time he bid too low, I told him his bid was invalid and he corrected his bid to be higher

[bitguy101]

And after the 1st time he bid too low, I told him his bid was invalid and he corrected his bid to be higher

Just had added next .005 increment as knew it was last min and didn't have time to see what you were talking about.

[smoothie]

@Panthers, I can understand both sides but you have to admit his misunderstanding was due to me not being here to clarify. Hence there is 15 minutes between bids...and me not being here...bitguy can answer for himself if he intended on outbidding you or not. I will not speak for him.


What if I restarted the auction at 2.75BTC and increments of 0.01 and let you both go at it?

[smoothie]

From now on I will not accept bids that have more extra decimal places than the min increment.

3.01 is accepted

but

3.0181842 is not

It makes it confusing for some obviously. 

[bitguy101]

@Panthers, I can understand both sides but you have to admit his misunderstanding was due to me not being here to clarify. Hence there is 15 minutes between bids...and me not being here...bitguy can answer for himself if he intended on outbidding you or not. I will not speak for him.


What if I restarted the auction at 2.75BTC and increments of 0.01 and let you both go at it?

Smoothie, yes, intended to outbid.
You can see all my bids were in .005 increments, just not necessarily .005 higher, which was the discrepancy.

[smoothie]

@Panthers, I can understand both sides but you have to admit his misunderstanding was due to me not being here to clarify. Hence there is 15 minutes between bids...and me not being here...bitguy can answer for himself if he intended on outbidding you or not. I will not speak for him.


What if I restarted the auction at 2.75BTC and increments of 0.01 and let you both go at it?

Smoothie, yes, intended to outbid.
You can see all my bids were in .005 increments, just not necessarily .005 higher, which was the discrepancy.

For future auctions I will disallow any extra decimal places (to the right of the min increment decimal place) in bids as it makes things more confusing.

[Panthers52]

And after the 1st time he bid too low, I told him his bid was invalid and he corrected his bid to be higher

Just had added next .005 increment as knew it was last min and didn't have time to see what you were talking about.

I explained my rationality behind it here

@Panthers, I can understand both sides but you have to admit his misunderstanding was due to me not being here to clarify. Hence there is 15 minutes between bids...and me not being here...bitguy can answer for himself if he intended on outbidding you or not. I will not speak for him.


What if I restarted the auction at 2.75BTC and increments of 0.01 and let you both go at it?

It is your auction, however I do think I won according to the rules in the OP, and even according to your initial clarification.

From now on I will not accept bids that have more extra decimal places than the min increment.

3.01 is accepted

but

3.0181842 is not

It makes it confusing for some obviously.  

lol

[smoothie]

The auction will restart in 10 minutes from now...

Once it is started the min bid is 2.75BTC and the min increment is 0.01BTC

and same 15 min rule applies.

No extra decimal places please 

[bitguy101]

I bid 2.75 when it starts

[bitguy101]

I bid 2.75 when it starts

Got it, and bids will be at least .01 higher and no extra decimals. (they are pretty worthless these days as aren't even good for beer money anymore, lol)

[Panthers52]

I bid 2.75 when it starts

Got it, and bids will be at least .01 higher and no extra decimals. (they are pretty worthless these days as aren't even good for beer money anymore, lol)

haha unfortunatly true

[nicolasgramlich]

I bid 2.75 when it starts

Got it, and bids will be at least .01 higher and no extra decimals. (they are pretty worthless these days as aren't even good for beer money anymore, lol)

haha unfortunatly true

Lol. Who won now? Is it over?