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Topic: What is your preferences - Short \ Long Auctions? (Read 248 times)

copper member
Activity: 266
Merit: 15
Bitcoin Enthusiasm & Holo Fanatic
I prefer short but if you do a long one, please bump the post so I remember to bid

Just use "notify" for your interests then put any x.000b on your fav item and it will pop up in your email Smiley and of course set a timer.
full member
Activity: 868
Merit: 178
Satoshi loves sleazy bitcoin too - Ordinals
I prefer short but if you do a long one, please bump the post so I remember to bid
copper member
Activity: 266
Merit: 15
Bitcoin Enthusiasm & Holo Fanatic

as a seller myself i prefer 5-7 days auctions that end on saturday (just before midnight in eu) ... so the american friends can also bid at the end ... and since most people are at home on saturdays and do not have to work i find this time the best Smiley

Interesting. I tend to go for an auction that ends on a Sunday for this very reason.

as said, sunday is also a very good option. the main thing is that the interested parties/users are at home and can bid with ... the more the better Wink

Both ways are good for me, since I tend to setup the alarms for end of auction and start bidding with few mins remaining... Grin Grin Grin

Haha well, tickers - alarms - autorefresh FTW!
hero member
Activity: 1736
Merit: 501
https://rollbit.com/referral/Agrawas

as a seller myself i prefer 5-7 days auctions that end on saturday (just before midnight in eu) ... so the american friends can also bid at the end ... and since most people are at home on saturdays and do not have to work i find this time the best Smiley

Interesting. I tend to go for an auction that ends on a Sunday for this very reason.

as said, sunday is also a very good option. the main thing is that the interested parties/users are at home and can bid with ... the more the better Wink

Both ways are good for me, since I tend to setup the alarms for end of auction and start bidding with few mins remaining... Grin Grin Grin
legendary
Activity: 3122
Merit: 7618
Crypto Swap Exchange

as a seller myself i prefer 5-7 days auctions that end on saturday (just before midnight in eu) ... so the american friends can also bid at the end ... and since most people are at home on saturdays and do not have to work i find this time the best Smiley

Interesting. I tend to go for an auction that ends on a Sunday for this very reason.

as said, sunday is also a very good option. the main thing is that the interested parties/users are at home and can bid with ... the more the better Wink
legendary
Activity: 1932
Merit: 1321
Bitcoin needs you!

as a seller myself i prefer 5-7 days auctions that end on saturday (just before midnight in eu) ... so the american friends can also bid at the end ... and since most people are at home on saturdays and do not have to work i find this time the best Smiley

Interesting. I tend to go for an auction that ends on a Sunday for this very reason.
legendary
Activity: 3122
Merit: 7618
Crypto Swap Exchange
tricky thing too is the end time of auctions. What’s the most convenient time for all the prospective buyers to be available. Maybe there could be a concensus  Huh

The US and EU seem to be where the majority of active bidders/collectors are at this time..... so I have found that mid afternoon /early evening US time is usually the best.
This allows many US bidders to be off of work/home and this also allows most EU bidders to not have to stay up too late with a 5 to 8 hour time difference.


as a seller myself i prefer 5-7 days auctions that end on saturday (just before midnight in eu) ... so the american friends can also bid at the end ... and since most people are at home on saturdays and do not have to work i find this time the best Smiley
legendary
Activity: 2240
Merit: 3002
I’m personally a fan of longer auctions. There’s a lot of potential buyers on here who don’t view the forum but maybe once every week or two, and I feel like you’re setting yourself up for a bit less or a return if you’re not running them for a full week. Of course you can run shorter ones that do every bit as well, but I feel like you get a better shot with a full week.
legendary
Activity: 3206
Merit: 3596
tricky thing too is the end time of auctions. What’s the most convenient time for all the prospective buyers to be available. Maybe there could be a concensus  Huh

The US and EU seem to be where the majority of active bidders/collectors are at this time..... so I have found that mid afternoon /early evening US time is usually the best.
This allows many US bidders to be off of work/home and this also allows most EU bidders to not have to stay up too late with a 5 to 8 hour time difference.
legendary
Activity: 1932
Merit: 1321
Bitcoin needs you!
My personal preference is 3-5 days as a seller. As I buyer , it’s hard to say.
I’ve certainly seen a few changes on the forum over the last 2 yrs ish - there’s definitely a tendency for shorter auctions recently. Not sure if this is a good or bad thing . Maybe set up a poll ?
Very interesting thread and thanks for bringing it up  Smiley
Edit - tricky thing too is the end time of auctions. What’s the most convenient time for all the prospective buyers to be available. Maybe there could be a concensus  Huh
legendary
Activity: 2254
Merit: 1256
I would also vote for longer auctions but not longer than 7 days.

It would also depend on the product, some products would benefit from the longer
time span but there are others which would only need 3 days!

More people on the Collectibles board means more activity, but yea we have no
control over that. Technically I recon more people means possibly less auction time
needed and vice a versa
legendary
Activity: 2030
Merit: 1401
Disobey.
Short. With the long auctions (most of the time), all the bidding happens at the very end of auction anyway. Cut out all the dead time waiting on the end result. My other reason is a bit more selfish… I work offshore so when some auctions go long or last days and days I end up missing them bc I get called offshore where I have zero service. That reall sucks when that happens

I agree that usually except the last day it's kind of "dead" time. However many people will plainly miss an otherwise interesting auction for them, if it's 24h or 48h only.
copper member
Activity: 446
Merit: 65
Physical Bitcoin is the only way to stack
Short. With the long auctions (most of the time), all the bidding happens at the very end of auction anyway. Cut out all the dead time waiting on the end result. My other reason is a bit more selfish… I work offshore so when some auctions go long or last days and days I end up missing them bc I get called offshore where I have zero service. That reall sucks when that happens
full member
Activity: 408
Merit: 125
I like the longer auctions.... Some days I get rather busy at work and don't check the forum regularly and then after work, the last thing I want to stare at is a computer, so I skip some days.   5 days gives me the best chance of seeing the auction and then I can plan accordingly.
jr. member
Activity: 92
Merit: 2
as a potential buyer, i love shorter auctions.  I think they are just more exciting, not as long to wait to see results.  it also greatly encourages impulse buys...  (not necessarily good for the buyer, but usually great for seller)

If i was a seller, i'd probably select the longer so more people can see it.  but then i would have to bump it and promote it... so maybe not...
copper member
Activity: 266
Merit: 15
Bitcoin Enthusiasm & Holo Fanatic
I also believe that the right time for an auction is at least 5 days.
it is not said that all interested parties access the forum and notice that specific auction.
on average, about 15-25 posts are created/upped per day in this section...if an auction lasts 48 hours and there are no bids, it is practically not seen...

Logical thinking, but don't you think that if those forum members who log in once in a while lose several auctions, it won't make them more active to avoid missing out?

I think that users are unable to be active also due to the various commitments of everyday-life and the need to "prioritize" the various activities like family work etc

I can relate to it. It makes a lot of sense, especially when you have kids and a full-time job. 24 hours a day isn't enough, apparently Cheesy
legendary
Activity: 2030
Merit: 1401
Disobey.
Short is exciting and fun. As a seller I would most of the time use a longer duration, though.
There are quite a few real collectors that log on maybe once a week (I myself had phases like this) and having an auction that misses over 50% of folks that could be interested in buying is not beneficial.
legendary
Activity: 3248
Merit: 3485
Nec Recisa Recedit
I also believe that the right time for an auction is at least 5 days.
it is not said that all interested parties access the forum and notice that specific auction.
on average, about 15-25 posts are created/upped per day in this section...if an auction lasts 48 hours and there are no bids, it is practically not seen...

Logical thinking, but don't you think that if those forum members who log in once in a while lose several auctions, it won't make them more active to avoid missing out?

I think that users are unable to be active also due to the various commitments of everyday-life and the need to "prioritize" the various activities like family work etc
copper member
Activity: 667
Merit: 562
Nobody dies a virgin… Life fucks us all.
Long auctions.  And anyone who isn't a whale can wait until the last day to bid to avoid big swings in BTC price.
copper member
Activity: 266
Merit: 15
Bitcoin Enthusiasm & Holo Fanatic
I like 5 days... gives people who do not frequent the forum time to see everything if they only log in every couple days.

Logical thinking, but don't you think that if those forum members who log in once in a while lose several auctions, it won't make them more active to avoid missing out?
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