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Topic: [Auction]Crypto Imperator .999 Gold 1/2 Troy Oz 1 BTC Coins (10) - page 4. (Read 4173 times)

sr. member
Activity: 800
Merit: 326
legendary
Activity: 1232
Merit: 1312


Exactly, if you win at 1.15 you should have to increase your bid until it reaches 1050$ or coin will be re-auctioned.

sorry, it does not make sense to me, whats the point in bidding up to 1.4 to win the coin?  so were bidding to pay the full amount  Grin ha ha

so if someone wins at 1BTC and one coin goes has a bidding battle up to 1.4, we both pay the same, cant you see why the community is a little riled in your auction guide.

an auction should start at the minimum to cover all costs and go up, not the other way.

The only objective of the "public reserve price" is to protect us from sudden changes on Bitcoin price, so if for example auction ends at 1.5 BTC just when price goes to 200$/BTC there is no a huge loss. But if it goes to 1000$/BTC then 1.1 BTC winning bid is enough...

As you correctly say, its a bit pointless to battle until reaching the reserve BTC equivalent, but we thought that bidders would acknowledge that...
copper member
Activity: 2310
Merit: 1032


Exactly, if you win at 1.15 you should have to increase your bid until it reaches 1050$ or coin will be re-auctioned.

sorry, it does not make sense to me, whats the point in bidding up to 1.4 to win the coin?  so were bidding to pay the full amount  Grin ha ha

so if someone wins at 1BTC and one coin goes has a bidding battle up to 1.4, we both pay the same, cant you see why the community is a little riled in your auction guide.

an auction should start at the minimum to cover all costs and go up, not the other way.
legendary
Activity: 1232
Merit: 1312
Current High bids:

#1 - 1.11 BTC CanaryInTheMine
#2 - 1.05 BTC Antuam
#3 - 1 BTC bitenvy
#4 - 1 BTC digicoinuser
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 1 BTC cwil
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


Remember that current reserve price is around ~1.4 BTC per coin...

~2 days left

so as you say this is around 1.4BTC right now, so if someone wins at 1.05 and someone else wins at 1.15 would they pay 0.1 over 1.4 or any amount over the initial 1 coin to start bidding? I just wonder why you started at 1 coin if this is not enough to cover costs?

just asking for clarity  Roll Eyes
To simplify: The minimum that you have to pay in order to win one of these coins is the equivalent of $1050. So far it seems that nobody will have to pay above it.

Exactly, if you win at 1.15 you should have to increase your bid until it reaches 1050$ or coin will be re-auctioned.
legendary
Activity: 2674
Merit: 2965
Terminated.
so as you say this is around 1.4BTC right now, so if someone wins at 1.05 and someone else wins at 1.15 would they pay 0.1 over 1.4 or any amount over the initial 1 coin to start bidding? I just wonder why you started at 1 coin if this is not enough to cover costs?

just asking for clarity  Roll Eyes
To simplify: The minimum that you have to pay in order to win one of these coins is the equivalent of $1050. So far it seems that nobody will have to pay above it.
copper member
Activity: 2310
Merit: 1032
sorry, can you explain a auction rule to me, regarding this statment

Quote
- There is a reserve price for the coins, if at the end of the auction the $ equivalent of the winning bid BTC is not equal or higher than 1050$ the coin will be re-auctioned, unless buyer adds the remaining BTC to reach 1050$. (This is exclusively to cover costs)

so as you say this is around 1.4BTC right now, so if someone wins at 1.05 and someone else wins at 1.15 would they pay 0.1 over 1.4 or any amount over the initial 1 coin to start bidding? I just wonder why you started at 1 coin if this is not enough to cover costs?

just asking for clarity  Roll Eyes
legendary
Activity: 1722
Merit: 1005
#2 1.05

Regards.
donator
Activity: 2352
Merit: 1060
between a rock and a block!
Let's try that again...
#1 1.11
donator
Activity: 2352
Merit: 1060
between a rock and a block!
legendary
Activity: 1232
Merit: 1312
Current High bids:

#1 - 1.1 BTC zanzibar
#2 - 1 BTC bithalo
#3 - 1 BTC bitenvy
#4 - 1 BTC digicoinuser
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 1 BTC cwil
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


Remember that current reserve price is around ~1.4 BTC per coin...

3 days left
sr. member
Activity: 285
Merit: 262
legendary
Activity: 1232
Merit: 1312
Current High bids:

#1 - 1.1 BTC zanzibar
#2 - 1 BTC bithalo
#3 - 1 BTC bitenvy
#4 - 1 BTC digicoinuser
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 0 BTC
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


minerjones has withdrawn his bid for coin #8

Remember that current reserve price is around ~1.4 BTC per coin...

4 days left
legendary
Activity: 2702
Merit: 1072
legendary
Activity: 1232
Merit: 1312
Current High bids:

#1 - 1.1 BTC zanzibar
#2 - 1 BTC bithalo
#3 - 1 BTC bitenvy
#4 - 0 BTC
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1.1 BTC ezeminer
#8 - 1.5 BTC minerjones
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72


miffman has retracted his bid for coin #4

6 days left!
hero member
Activity: 715
Merit: 500
I'll bid 1.1btc each for both #1 and #2

Sorry, but you can only bid for one coin at a time :/, of course if you are outbid you can change to a different one.

Sorry, didn't realize, 1.1btc for #1 please
legendary
Activity: 2212
Merit: 1118
Lie down. Have a cookie
#7 - 1.1 BTC Ezeminer
legendary
Activity: 1232
Merit: 1312
I'll bid 1.1btc each for both #1 and #2

Sorry, but you can only bid for one coin at a time :/, of course if you are outbid you can change to a different one.
hero member
Activity: 715
Merit: 500
I'll bid 1.1btc each for both #1 and #2
legendary
Activity: 1232
Merit: 1312
Current High bids:

#1 - 1 BTC coin@coin
#2 - 1 BTC bithalo
#3 - 1 BTC bitenvy
#4 - 1 BTC miffman
#5 - 1 BTC monkeynuts
#6 - 1 BTC squall1066
#7 - 1 BTC TookDK
#8 - 1.5 BTC minerjones
#9 - 1.35 BTC Liad.Services
#10 - 1.5 BTC killyou72

All coins have bids now!
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