Posted by: AlterEgo December 7, 2010
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This is a scam and I have a reason for that. I am right now watching the pattern of the bids for a CANON EOS 7D DSLR camera. Its buy it now price is 1700 USD. And as of this moment the highest bid is 62.83 USD and the auction is still going on.
Now here is the math. A bid will increase the price of the camera by 1 cent. And to buy 1 bid you have to pay 60 cents. So technically that site has already collected (6283 bids * 60 cents) / 100 = 3769.80 USD.
So its the win-win situation for the site owner not us. Its just a waste of time.
And if you still want to do the biddings here are some tricks from my side.
- Do a lot of research. Add the items that you want to buy in your watch list and check the data base to know how many people have bidded it and the time at which that particular item is won.
- Dont waste your bids. That means if a bid has more than 10 secs dont bid it. Wait for the 1 sec and bid it.
- Also check the pattern of the bid. If in last 5 mins more than 10 people has bidded, never participate in the bidding. You will just waste your bids and win nothing.
- Avoid "Bidomatics". The bidomatics will never let you win the bids. Just wait until those bidomatics have wasted their quota of bidding.
Cheers!!
AE