and lost another bid for samsung 40" HDTV as well. somebody got it gor $24.  

Homeboi · Feb 3, 2009 11:49 AM

Man I just lost $37 bucks thanks to bid butler!!! this is crazy.. gamble gamble. gotta check my horoscope before playing! lol

dekchidriver · Feb 3, 2009 12:04 PM

This is like ebay + Las Vegas. They are making fortune of this. But i think this might not go that far due to ethical issue.

HomeBoi · Feb 3, 2009 2:10 PM

damn people.. i wanted to buy something from there too.. i wanted the camera.. somebody got it for like 24 bucks.. i don;t know whether it is authentic or not.. but check the concept of that business or the site.. they charge you 75 cents for every bid... and we have to buy bid credits... they make 22 or something dollars for bid credit.. and 75 cents every bid.. i found out that bid starts at 2 dollar bhanum na.. then it reached like 24 to 50 dollars for every stuff.. that means there is 5000 bids in penny auction.. 5000 times 0.75 is $3750 for every purchase.. even though they sell 2000 dollar HD's for 100 dollar they make 1750 dollar profit.. whoever designed it.. they got some businesss concept...

walkahead · Feb 3, 2009 2:15 PM

walkahead: yeah that way they can afford to even give out the items free of charge. Like the Panasonic G1 Cameras which cost ~800 bucks. Each bid raises price of item by 1 cent. They start it off with $0. I saw one get as high as $104. That is like 10400 bids!!!!!! 1 bid they make 75 cents. 10400 bids they make a whopping $10,400 on a friggin camera that only costs 700 bucks plus they get 104 dollars from buyer plus 20 bucks shipping. Now I belive this is morally wrong! they are ripping off a lot of people without anyone realizing it! That and plus I'm pissed I threw away $100 bucks on bids!.. But if you're lucky please do post what you won!!! I'll let you know when I get the camera ;) heheh

dekchidriver · Feb 3, 2009 4:45 PM

i was thinking about trying it.. but after all the calculation and all that.. though i don't care how much the site makes.. whether i win anything i thought i would be looser if i don't really win the bidding.. so i gave up.. and ended up getting the full price camera.. but really hats off to the business plan..

walkahead · Feb 3, 2009 5:42 PM

walkahead bro, its not a plan, its a scam.. Read: http://architectures.danlockto... bastards!! hehe. oh well i learnt my lesson. If something is too good to be true, it probably isnt. :(

dekchidriver · Feb 3, 2009 5:47 PM

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suravishrestha · Feb 4, 2009 8:06 PM