Topic: [AUCTION] BTCC artist’s proof One Bitcoin coins (five available) - page 3. (Read 2684 times)

1 @ 1.35

1 @ 1.35 - Please leave my previous bid as valid (still 2 bids/coins).

[email protected]

Done.  Yes, that's allowed (bidding for multiple coins).

thanks,
Bobby

Please leave my previous bid of 1 @ 1.25 in the list.

Adding 1 @ 1.3. So, 2 bids : 1 @ 1.25 & 1 @ 1.3.

If this isn't allowed for any reason, then please let me know

Thanks

Hi everyone.

For full clarity:
Yes, you can bid for multiple coins, just like how Hox did that in his post, by specifying "2 @ 1.15 BTC" for example.

At the time that Hox bid, he won 2 of the top 5 spots.
However, as of right now, both of his bids have been out-bid.

thanks,
Bobby

Glad you like the auction format!  I like it too.  
I think it's a fair way, for all of you to pay the same "lowest" price for winning the auction.
(I learned about this auction format from eBay, many years ago.)

You're now #1 highest bid.

Happy bidding!

thanks,
Bobby

1.3BTC

Interesting auction format. I like it.

1.3 BTC

I would be crazy enough to do it, but since there is still 10 days left, it's not going to happen yet ^^

Anyway : 1.25

People have them in hand already.    I got mine, and it''s already on it's way to it's new owner.   It's a fine looking coin for sure.

This is silly.  I'll wait for one to turn up on the secondary market so I can see the actual coin.

Hi Bobby

Like plenty of other members, I did not quite understand the format of this auction to begin with. It all makes sense now though

An interesting and fair way of distributing the last of these coins, so thanks for doing something different

Thanks!!

Hi Zepher,

I've updated your bid, and now you're #1:

Current 5 Highest Bids - updated through post #17.

- 1.25 - Zepher
- 1.2 - chronicsky
- 1.2 - bithalo
- 1.2 - Hox
- 1.2 - Hox       <-------- All 5 auction winners will pay the same "lowest of 5" bid, marked here.


At this point, a valid bid would need to be at least 1.25 BTC.
and if you do bid 1.25 BTC, you would go into position #2, after Zepher, as he bid the 1.25 BTC before you.
(if you bid at 1.3 BTC or higher, then you would go into position #1, above Zepher.)

thanks,
Bobby

1 @ 1.25

Hehe, would be interesting if that happened, I'm not planning on placing such a bid, was mostly for clarification purposes that I pointed it out, now that you mention to only bid what you can pay seems to be a good point that should be seen by all bidders

yes, mostly so.

Unless you guys get crazy and the other 4 winning bids all somehow also choose to bid like 1,000 BTC! 

Obviously, only bid what you intend and can afford to pay (in the worse case).

thanks,
Bobby

So with these rules we might just see a 1000btc bid since that will most likely be the highest but never the lowest so no need to worry about paying up 1000btc , yet guaranteed to win a coin?

To help people better understand the rules of this auction:

At the time of this post, the 5 winning bids are:

1) 1.2 - chronicsky
2) 1.2 - bithalo
3) 1.2 - Hox
4) 1.2 - Hox
5) 1.2 - Seccour        <-------- All 5 auction winners will pay the same "lowest of 5" bid, marked here.

Here, Seccour has placed the 5th bid of 1.2 BTC.  At the time of this post, Seccour has placed a successful bid that's placed in the top 5, at position #5, for the amount of 1.2 BTC.  It just happens that all 5 "winning bids" at this time, are all of 1.2 BTC.  If the auction were to end now, then these 5 people would win the auction, at the 1.2 BTC price, which is the "lowest of the 5 winning bids" (as bid by Seccour).

For the rest of you, if you want to make a successful bid, then you would now need to bid at least 1.25 BTC, at which point your bid will go to the top, and become the #1 winning bid.  With that, Seccour will fall off the list, and the new #5 would be Hox.  If the auction were to end at that time, then the top 5 people would still win the auction at the same price of 1.2 BTC, despite the fact that the highest bidder placed a bid of 1.25 BTC (or more).

So short answer: don't place any more bids at 1.2 BTC as none of those would get you into the "top 5" now.  
At this point, only bids at or above 1.25 BTC would qualify.

(Another hint: bid a higher amount to guarantee you remain as #1, so that you won't get knocked off easily.  And the best part is that when you win the auction, you still only have to pay the price of the lowest of all 5 winning bids, and not your "highest bid".)

Happy bidding! 

thanks,
Bobby

1.2