Topic: [WTS] BitcoinTalk Custom Hand-Poured .999 Fine Silver Bars - [ Now Sold ] - page 7. (Read 2012 times)

Normally if starting bid is .01 and bid increments are 0.002, once someone bids .01 the next valid bid would be 0.012 (not 0.0002), and the next valid bid would be 0.014 and so on.  The way you have it worded is different than any auction I have seen on this forum since 2013, or anywhere for that matter, and no one should be expected to understand what you proposed as a bidding method.

Thanks I do not think it was clear how the bidding was expected.


The open price shown is 0.01BTC
Bids should have been 0.002 BTC 

these incremental bids were to add to the open price.

So if someone opens the price at 0.01 BTC then you can add in 0.002 lot sizes.

So for example

I open the bidding at 0.01 BTC.
Someone then comes and can bid 0.002 to the price.

So price calculation is going up from 0.01 open with 0.002 bid size after open
Meaning when I saw the bids there all having an opener at 0.01 and bids at 0.002.

So far from the descussions to the party's jimjam did not understand the terms of the bidding which I take responsibility.

Also before anything else happens techshare already replied stateing an escrow user minerjones he wanted to use at my expense.  I have never had dealing with it also is this normal practice for the escrow service who he is asking to use be the same person that is deciding the outcome of the auction in there last post?

If the example on page one says start bid 0.01 and 0.002 increments what did you think you were bidding on if the start price is 0.01 and it says increments of 0.002?

Because if someone has a bid of 0.01 to start it and prices moves up 0.002 per bid then how are is the above explanation being interpreted?

Again if the terms weren't fully clear it was my fault.

Magic

I just DM’d magic.
When I read the original post, I did believe that I was bidding 0.002 NOT 0.012.
Hence why I wrote 0.002 not 0.012 in my original bid.
Not sure how to proceed at this point though as I do feel there is a ton of confusion from the beginning. Not to mention that 0.012 is way too steep for my blood.
Thanks,

I get your reasoning, it is just extremely unconventional, to the point of being invalid.
It would be great if jimjam123 could pipe up. Why did he submit 2 'valid' bids and one 'invalid'? Just didn't read the thread, like TECSHARE's first bid?

@ last of the v8s.

I hope I have shown how I expected the sale to work in detail we will need to speak with the bidders so please dm me and I will post an update once I have spoken with the them.

No idea how to resolve this. If I end up being adjudged a 'winner', I'd prefer now to use escrow. A UK based one would save costs. But I think as it stands this situation stems more from inexperience and lacking communication skills than anything more sinister.

Sorry if there was any confusion about how I saw this working and yes your right this was my first auction.

The open price was 0.01 BTC per bar.

When someone bids 0.01 on the bar that bid starts things off they are the current highest bidder and would win at that price.

Offers after this come in 0.002 increments.

Once corrosive and last of the v8s posted there 0.01 bids on bars 1 and 3 those bars were "in play open like first bid on eBay" 

Meaning they have opened the bids on that bar you are the current highest bidder and the price point is now 0.01 BTC.

Jimjam123 then posted his bids or

0.002 on 1
0.002 on 2   Not valid bid as no open offers yet.
0.002 on 3

At this time the price point of bars 1 and 3 is 0.01 BTC as per the bids by corrosive and last of the v8s, when you add on jimjams value the price point now stands at

Bar 1 / (open price 0.01) + (increment 0.002) - 0.012 BTC
Bar 2 / no valid bids due to no open bid
Bar 3 / (open price 0.01 + (increment 0.002) - 0.012 BTC

Jimjam123's bids on bar 1 and 3 are valid  and 0.002 bids is added to the open offers already on the table which were made by corrosive and last of the v8s.

0.01 open + 0.002 bid = 0.012 BTC

At this point jimjam123's bid is now the highest bidder on bars 1 and 3 going by the open price, and the bid.

I sent jimjam123 a message to let him know his bid on bar two was incorrect and edited my post to show bid two invalid.

At this point bar 2 is still not in play as there has been no bit of 0.01 BTC

Techshare then bids 0.002 on bar 2 which is not valid I contacted him to let him know via pm and it's noted on the post my minerjoans.

Techshare then bids correctly on bar 2 with a 0.01 bid this bar is now open and he is the current highest bidder

So now the auction stands at

Bar 1 / 0.012 BTC {JimJam123}
Bar 2 / 0.01 BTC {TechShare}
Bar 3 / 0.012 BTC {JimJam123}

At this point all three bars have valid bids on them and will sell.

Every bid was to be in 0.002 increments after the open price of 0.01 BTC.

There may have been some confusion on how to do the auction here but what bit how I expected it his to work was to add the incremental bids to the open bid then allow 0.002 bids there after to the price.

So the price point would go

(Open0.01) / 0.012 / 0.014 / 0.016 / 0.018 / 0.02 / 0.022

Adding user bids of 0.002 each time.

I apologize if there was some confusion over this i did this as a way to bring some value to the community with something that I felt was missing from the forum I'm happy to take advice on my next sale.

If should be clear what the thought process was behind the sale and I was unsure how other do there any auctions here If they do things differently then I am sorry.


I didn't change the values of bids It was supposed to be set to 0.002 BTC which is what was posted as per the listing. 

Techshare your comment makes no sense what do you mean I changed someones bid he added 0.002 to the open price of 0.01 I believe the format of the auction has not been fully clear I guess  I'm only human..

If there is a open bid of 0.01 and you bid 0.002 the that's 0.012 BTC..

Let's see what the bidders say I'm happy for the bars to go at current price if the buyers are.

I also added self mod to the topic to allow me to edit or delete any spam or bids that didn't stick to the rules.

Sorry for the confusion.

I agree, this changing of the values of bids is not at all appropriate. Frankly neither is your editing of the OP or making this a self moderated thread. Instead of selling to a legitimate bidder who wants your product, you fraudulently try to change another users bid in the hope you can force them to pay more than they actually bid with your little semantic game. All this combined makes me not trust your word whatsoever and makes me regret bidding on this.

I am just hoping they got somehow very confused, due to being new to this.  Apologize, make it right, have a batter second auction. Hopefully.

What a disaster. Did you not think to clear this up or clarify what was going on?

You waited more than two days after minerjones brought up the FACT jimjam had invalid bids to even respond!


 I was sat with a bid of 0.01 sitting happy that i was top bidder(which i was)

Look at ANY auction on here. Nobody words their bids by only the increment amount.
Madness

This was very poorly done, a proper shite show.

Go to page 1 : CTRL+F 0.012 returns only 2 results of which were "quotes" from OP. I can only recommend clozapine to help with hallucinations/delusions of this magnitude.

What a complete shitshow!!  You run auctions as well as Denarium.....    I truly hope there is not a second auction.... in this format at least. 

Just a heads up, but almost everyone on this forum can read. Jimjam never once placed a .02 bid. It was .002, which is invalid. There are no rules for a .02 bid, but for a .002 bid. This is bitcoin, that makes a big difference: Is this even real life rn going on here ..wow.

“Next Auction “ .. You clearly do not understand how this works, and you’re not even close. Admit your mistakes , or there will not be a next auction. Trying to help ya out here bud

First let’s see if Jimjam is willing to pay 2 x 0.012 BTC, then we’ll see how clear your auction rules were. 

Congratulations to the winners.  Bids are now closed.

Jimjam123 secured bars 1 and 3 @ 0.012 per bar.
Techshare sneaked in with his bid of 0.01 on bar 2

Congratulations guys you will be very pleased with your bars.

I am mobile right now so when I am home I will contact both of you for shipping information. 

I look forward to the next one with some more exclusive silver for the community.

Thank you all for you participation.

Both members on page one opened the bids on bars 1 and 3   members corrosive and last of the v8s.

There bids were

0.01 on bars 1 and 3.  

Jimjam then placed 0.02 bids on bars 1 and 3 which were valid as the bars were open with opening bids of 0.01 on bars 1 and 3..

The increments of 0.02 can be made on any open bar jimjams bid on bar 2 was invalid as there was no open bid.  Techshare opened the bid on bar two

Once a bar has a open bid of 0.01 users can bid in 0.02 incriments.  

The only invalid bid was jimjam on bar two.

Please look back at the offers before posting that the bids are invalid.  

If people can't follow the rules I set out then it's not my fault  I make it clear open bids were 0.01 and counters would be in 0.02 incriments.

Very confusing, and not how it is done on this forum. Anyway, your auction, your rules. 

This is not how auctions work, anywhere. .01 is the only amount anyone can bid to start things off, and anything else is invalid. Take a look around this forum and you won’t see one example that follows your logic on this. I wound think very hard on your decision here.

No they are not there was already open bids in 1 and 3 so his bid of 0.002 on bars 1 and 3 were valid only bar two was invalid as there was no open bid please look back at the bids.   

0.01 open price. Both bars had open bids on them so his 0.002 bids are valid only his bid onnbar two was wrong.

No they did not.


All their bids are invalid.