Quibids.com

jibjunkie

jibjunkie

Active member
dont know if you guys have heard about this one but basically its an auction site where you can buy bids for $0.60 and each bid raises the price of the item by 2 cents and the time of the auction by ten seconds. its pretty cool but you have to fight it out and theres always others on it. but people do walk away with computers for a hundred bucks and other stuff too. another cool thing is that if you lose an auction you can use the money youve spent on bids to take that value off the retail price. its a pretty cool site but be careful using it.
http://www.quibids.com

 
I want to know more and i am a little confused. If i buy bids and i use them, and win something, do i have to pay the price that it ends at plus the bids i have used?
 
you have to buy bids before you use them so yes as you bid you are spending money however if you win you pay the price it ended at. otherwise you can just take the ammount of money you have spent and deduct it from the retail price. so if you know you are buying an ipad it might be worth it to just go on and piss away some cash to try and score a deal because worst case scenario you pay retail.
 
SO! after playing around, i tried it out and I won a new xbox game for 5.93 with shipping included, pretty cool eh
 
Yeah penny auctions have been around for a while. I REALLY wish I would have thought of it. The big ones like Bidcactus and Swoopo make a ridiculous amount of money. Selling a $2000 tv for "$170.00" at $.60/bid is an $8200 profit. On ONE item. They have tons for sale. They are making so much money on people not really knowing how it works. Such a good idea!!!!
 
I have my doubts on this website. I can almost guarantee they have people hired to fake bid if someone is about to get away with an expensive item for reaaallllyyy cheap. They make bank
 
they have automated bidders to get it up to about the regular price. than let a few slip every so often to make it look like its possible to make out with some highway robbery
 
jk this looks different than the other ones i've seen. It's interesting because people can't just throw their bids around because they have to pay for them upfront

 
and people have auto bidders. so they set a price and let the automated thing do it for them i guess is what it looks like
 
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