Topic: 28 HR AUCTION!!! ►฿►฿►฿ TWELVE (12) 0.1 BTC 1/4 oz Silver Bitcoins (AUCTION #4) - page 2. (Read 1941 times)
June 17, 2014, 09:05:01 PM
TO BE CLEAR: You essentially can put your bid in even if it is lower than someone's max bid and it is a valid bid as there is the chance the winner of the auction might not pay their max bid and you would be required to pay the bid you placed (should it be the next highest bid).
June 17, 2014, 08:59:08 PM
smoothie, just a comment: Don't you think there's a flaw in the public "max bid"?
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
It is my understanding that you can still bid me up to whatever level you are comfortable at.
It doesn't really make sense. I can bid .41 right now and it wouldn't put me at the current high bid which would now be .42 to you. My bid's sole purpose would be to just let you pay more.
Yeah, it is a little odd. If the winning bidder defaults, then bidding up to 0.41btc makes a difference in allowing you to buy it at that price. I lost the last auction because I was two minutes late, so there is some logic to placing a max bid.
This ^.
If someone bids 0.41BTC and the winner (who had a higher bid) doesn't honor their bid you would need to honor the bid you made that forced their maximum bid. In effect you are bidding should that person not pay up.
It is an odd auction method yes I admit. But it does not allow someone to get out of their bid should someone with a higher bid decide to back out. Which if someone backs out I will likely make a scammer thread concerning the bid. Just bid honestly and make sure you can honor your bid in the specified timeframe outlined in the OP.
I may change this auction style in the future based on the current auctions.
Happy bidding!
June 17, 2014, 08:54:54 PM
smoothie, just a comment: Don't you think there's a flaw in the public "max bid"?
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
It is my understanding that you can still bid me up to whatever level you are comfortable at.
It doesn't really make sense. I can bid .41 right now and it wouldn't put me at the current high bid which would now be .42 to you. My bid's sole purpose would be to just let you pay more.
Yeah, it is a little odd. If the winning bidder defaults, then bidding up to 0.41btc makes a difference in allowing you to buy it at that price. I lost the last auction because I was two minutes late, so there is some logic to placing a max bid.
I didn't think of that scenario so it works for that purpose.
June 17, 2014, 08:51:48 PM
smoothie, just a comment: Don't you think there's a flaw in the public "max bid"?
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
It is my understanding that you can still bid me up to whatever level you are comfortable at.
It doesn't really make sense. I can bid .41 right now and it wouldn't put me at the current high bid which would now be .42 to you. My bid's sole purpose would be to just let you pay more.
Yeah, it is a little odd. If the winning bidder defaults, then bidding up to 0.41btc makes a difference in allowing you to buy it at that price. I lost the last auction because I was two minutes late, so there is some logic to placing a max bid.
June 17, 2014, 08:40:03 PM
smoothie, just a comment: Don't you think there's a flaw in the public "max bid"?
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
It is my understanding that you can still bid me up to whatever level you are comfortable at.
It doesn't really make sense. I can bid .41 right now and it wouldn't put me at the current high bid which would now be .42 to you. My bid's sole purpose would be to just let you pay more.
June 17, 2014, 08:33:32 PM
smoothie, just a comment: Don't you think there's a flaw in the public "max bid"?
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
It is my understanding that you can still bid me up to whatever level you are comfortable at.
June 17, 2014, 08:30:16 PM
smoothie, just a comment: Don't you think there's a flaw in the public "max bid"?
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
I was thinking the same thing. By publishing the max bid, it is in effect your bid.
June 17, 2014, 08:25:35 PM
smoothie, just a comment: Don't you think there's a flaw in the public "max bid"?
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
For example, I'd bid more than 0.15, but not more than 0.42. Then there's no point to publish my bid now.
So unless somebody bids more than 0.42, you'll get only 0.15.
It doesn't work this way with private max bids (which I know is not possible here).
June 17, 2014, 08:06:41 PM
I bid 0.15BTC and if I am out bid by someone else, 0.42 BTC is my max bid.
June 17, 2014, 05:56:27 PM
Ok I start. I bid BTC0.1.
June 17, 2014, 05:49:54 PM
Auction ends June 19th, 2014 at 12:00pm NOON Hawaiian Standard Time
June 17, 2014, 05:48:31 PM
Note that the title is incorrect this is a 52 hour auction. It is a typo as I indicated the details in the post. Apologize for this.
OMG my math is so bad today. its 48 hours auction based on the end time in red in the OP.
Seriously need to get some sleep.
Just used the end time I signed in the PGP message in the OP.
June 17, 2014, 05:46:32 PM
Note that the title is incorrect this is a 52 hour auction. It is a typo as I indicated the details in the post. Apologize for this.
June 17, 2014, 05:44:56 PM
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
~52 hour auction
June 17th, 2014: Auction for TWELVE (12) LEALANA 0.1 BTC 1/4 oz 999 Silver Bitcoins
*****Carefully read this auction post in its entirety before bidding*****
Auction ends June 19th, 2014 at 12:00pm NOON Hawaiian Standard Time
Minimum bid will start at 0.01 BTC. Bidding will be done in 0.01 BTC increments. Shipping will be $30 for US and $50 for International bidders. This will be added to the winning bid after the auction.(ID will be required upon delivery for pickup) for both domestic U.S. and international customers. Bitcoin is the only accepted form of payment for this auction.
You are bidding for TWELVE (12) LEALANA 0.1 BTC 1/4 oz 999 Silver Bitcoins. Numbers are above #500 and are randomly selected by me.
The coins come in clear capsules and each coin comes in a single-coin black leatherette.
All 12 coin addresses starts with "1BF" in green font type.
For this auction there is the option to not fund the coin prior to shipping or to pre-fund before being shipped. Should the winner choose not to pre-fund the coins all 12 holograms will be marked "BUYER FUNDED" with a laser. This is an all or nothing type deal for simplicity (pre-fund all or none).
THESE COINS ARE BUYER FUNDED. Should the winner choose to pre-fund the coins before I ship them, they will accept the risks involved with shipping funded coins through USPS registered mail. The coins will be valued at the price paid plus the bitcoin that is loaded on to them (if they are pre-funded by the winner). Winner agrees to hold LEALANA, LLC. and myself innocent of any losses while in transit (in the small event the coin goes missing/stolen while in transit).
Any customs/VAT taxes or fees that are placed on the package while going through customs for international customers are the responsibility of the buyer/winner to pay.
Please bid in the following formats:
1. "I bid 0.5 BTC"
2. "I bid 0.5 BTC and if I am out bid by someone else, 1.0 BTC is my max bid."
Should bids come in at the last minute I will allow for the auction to extended by 15 minute increments between bids. Once the 15 minutes is up and no bidding is done after the deadline specified ABOVE, the auction will end. To be clear on the precision of the auction times in 15 minute increments we are talking about the actual MINUTE and not the seconds that are posted on the forum timestamp.
THIS AUCTION CANNOT BE COMBINED WITH OTHER AUCTIONS OF MINE TO SAVE ON SHIPPING SO PLEASE BID ACCORDINGLY.
Payment address:
14M1W6ckAo2wyeg4cTpuHB3rQZjb1nKqHc
Please do not send payment to any winner address until the winner has been declared which I will post once the auction ends. If you would like a non-public payment address PM me and I will create a PGP signed address for you to send payment to.
Payment is due within 48 hours from the time the auction ends. Should the winner not honor their bid and not provide payment in that 48 period the next highest bidder will be required to honor their bid. By bidding in this auction thread you agree to this stipulation. In other words, please make sure you are able to honor your bid(s) in a timely manner before you bid.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.17 (MingW32)
iQEcBAEBAgAGBQJToMRIAAoJEJqyV7+nZNgzse0H/jxHWT0f/sgrC0asdhwnzExV
Giw6in5rOuGEVRL876jU73lOEn6LacNtgt8z1ktKW/EBSbrDE5mjK7KvWqvcVbo/
IojXhhoAmOXhgCxGBWo5cn+mZ3l6/oMTtyB3fDOoS4qgjrKoURGSYRXrjPrV9i1w
NJwUO3FsPy3lNTlqstpHvuwqAQcF3jT4/600xdbO42J5qIsUulhc2K5ZyWr2zjqb
gq5yTMVgFg3iI8SaZnxA4V9cAoNs0nuscnDdzNUP6aMx+BylO9HJz98RLcKN/SAF
LbmxIM20Y/NwHmMvRqySNDx6yCRw9bF2ilYBU9gIttA06w6o+nKGqGZyxGWmq9s=
=2Vwf
-----END PGP SIGNATURE-----
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