50 LTC Auction again with a twist | Bitcointalksearch.org

xFrostee

newbie

Activity: 42

Merit: 0

Quote from: BTCBLOGGER on June 03, 2015, 01:16:07 AM

Quote from: TriggerX on June 03, 2015, 12:57:45 AM

50 LTC as of now is 0.3719, and 85% of that is 0.316115. Based on your previous comment you restated that 85% equal to the last bid times 2 which is roughly 0.1580575BTC. Why didn't you make that your base bet if you weren't going to sell lower?

Yes, but then people will not get the fun of bidding.

Your fun of bidding will only cost spam since the starting bid is only .001

I suggest making it atleast .05 to prevent future spams

BTCBLOGGER

hero member

Activity: 616

Merit: 500

Quote from: TriggerX on June 03, 2015, 12:57:45 AM

50 LTC as of now is 0.3719, and 85% of that is 0.316115. Based on your previous comment you restated that 85% equal to the last bid times 2 which is roughly 0.1580575BTC. Why didn't you make that your base bet if you weren't going to sell lower?

Yes, but then people will not get the fun of bidding.

TriggerX

hero member

Activity: 826

Merit: 1000

50 LTC as of now is 0.3719, and 85% of that is 0.316115. Based on your previous comment you restated that 85% equal to the last bid times 2 which is roughly 0.1580575BTC. Why didn't you make that your base bet if you weren't going to sell lower?

Ruzka

hero member

Activity: 826

Merit: 1000

Quote from: BTCBLOGGER on June 03, 2015, 12:45:59 AM

Quote from: Ruzka on June 03, 2015, 12:41:23 AM

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

Twist -
1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.

3. All bids will be discarded if we are getting more than 15% loss.

Bid starts now

#1 is terrible, so you get double what has been bid from the winning bid? Which takes me on to #2 you get double the winning bid but you will not accept less than a 15% loss? By what I understand you should have either sold 50 ltc with a reserve and out a really high price that is the twist getting double what has been bid.

I want more than equal to 85% value of my coins including both bids that what mean to say.

Right that is good thanks for clearing that up. So the winner only pays 42.5 % which is a bargain the poor second bidder lol What would make this even better would be a much smaller reserve, but. It is your auction good luck! Here I will have a cheeky bid Tongue

0.002btc

BTCBLOGGER

hero member

Activity: 616

Merit: 500

Quote from: Ruzka on June 03, 2015, 12:41:23 AM

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

Twist -
1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.

3. All bids will be discarded if we are getting more than 15% loss.

Bid starts now

#1 is terrible, so you get double what has been bid from the winning bid? Which takes me on to #2 you get double the winning bid but you will not accept less than a 15% loss? By what I understand you should have either sold 50 ltc with a reserve and out a really high price that is the twist getting double what has been bid.

I want more than equal to 85% value of my coins including both bids that what mean to say.

BTCBLOGGER

hero member

Activity: 616

Merit: 500

Quote from: Malin Keshar on June 03, 2015, 12:29:51 AM

Quote from: BTCBLOGGER on June 02, 2015, 11:20:47 PM

Quote from: jenifer0012 on June 02, 2015, 11:14:39 PM

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.

why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay?

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

3. All bids will be discarded if we are getting more than 15% loss.

then this is most likely a auction with nowhere to go if you didnt get enough bids?

Twist - second last bidder also have to pay for that this way the winner have to pay less than the actual price and if the second last bidder disagree to pay he will get a negative feedback and the auction is cancelled.

Yes i found a block though solo mining and it cost me 0.3 BTC so i can't afford to give it to you below that.

so your true minimum bid is 0.3BTC instead of 0.001BTC?

And I guess you'll use escrow, right?

Yes will use escrow if buyer want a escrow but fee will be paid by him.

Ruzka

hero member

Activity: 826

Merit: 1000

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

Twist -
1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.

3. All bids will be discarded if we are getting more than 15% loss.

Bid starts now

#1 is terrible, so you get double what has been bid from the winning bid? Which takes me on to #2 you get double the winning bid but you will not accept less than a 15% loss? By what I understand you should have either sold 50 ltc with a reserve and out a really high price that is the twist getting double what has been bid.

jenifer0012

full member

Activity: 154

Merit: 100

I would like to start the bidding

.001

Malin Keshar

hero member

Activity: 616

Merit: 500

Quote from: BTCBLOGGER on June 02, 2015, 11:20:47 PM

Quote from: jenifer0012 on June 02, 2015, 11:14:39 PM

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.

why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay?

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

3. All bids will be discarded if we are getting more than 15% loss.

then this is most likely a auction with nowhere to go if you didnt get enough bids?

Twist - second last bidder also have to pay for that this way the winner have to pay less than the actual price and if the second last bidder disagree to pay he will get a negative feedback and the auction is cancelled.

Yes i found a block though solo mining and it cost me 0.3 BTC so i can't afford to give it to you below that.

so your true minimum bid is 0.3BTC instead of 0.001BTC?

And I guess you'll use escrow, right?

BTCBLOGGER

hero member

Activity: 616

Merit: 500

Quote from: jenifer0012 on June 02, 2015, 11:14:39 PM

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.

why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay?

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

3. All bids will be discarded if we are getting more than 15% loss.

then this is most likely a auction with nowhere to go if you didnt get enough bids?

Twist - second last bidder also have to pay for that this way the winner have to pay less than the actual price and if the second last bidder disagree to pay he will get a negative feedback and the auction is cancelled.

Yes i found a block though solo mining and it cost me 0.3 BTC so i can't afford to give it to you below that.

jenifer0012

full member

Activity: 154

Merit: 100

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.

why 2nd to the last bidder should also pay for the item he will not recieve? what if the 2nd to the last bidder wont pay?

Quote from: BTCBLOGGER on June 02, 2015, 11:05:50 PM

3. All bids will be discarded if we are getting more than 15% loss.

then this is most likely a auction with nowhere to go if you didnt get enough bids?

BTCBLOGGER

hero member

Activity: 616

Merit: 500

You are bidding on 50 Litecoins (LTC)

Starting bid - 0.001 BTC
Bid increment - 0.001 BTC
Ending time - 2 hour from last bid

Twist -
1. last bidder will get 50 LTC on the price of last bid but the second last parson to bid also have to pay the bid price made by him.
2. Newbie and Jr. Members are not allowed.
3. All bids will be discarded if we are getting more than 15% loss.

Bid starts now

Topic: 50 LTC Auction again with a twist (Read 478 times)