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Thread: Beezid

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    Beezid

    Does anybody here use this site? It's one of those auction sites, where you can bid and get all sorts of items for very cheap. It's completely different from eBay.
    If you haven't heard of it, here's kind of how it works.
    You buy bids for anywhere from .60-.90 cents/bid, depending on how many you buy. You use those bids to bid on items, each time you or somebody else bids on that item, the price of that item increases 1 penny (all items start at $0). And, everytime somebody bids on the item, the time until that auction expires increases by 20-30 seconds. All of these nice items will expire down to 0 seconds left and somebody will bid and it will go back to 20 seconds, and this will go on forever.
    I sat over on the website and was watching the auctions and it seems like some of those will never end until you run out of bids or just get tired. They have expensive tv's and electronics going for $20.

    If you think about the way it's set up, they are making some big bucks, by selling items for cheap.
    For example: If they end up selling a $1000 flat screen tv for $50, assuming all of those bids were bought from them for 60 cents, they just profited $2000.


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    Re: Beezid

    Quote Originally Posted by cyclonedave25 View Post
    Does anybody here use this site? It's one of those auction sites, where you can bid and get all sorts of items for very cheap. It's completely different from eBay.
    If you haven't heard of it, here's kind of how it works.
    You buy bids for anywhere from .60-.90 cents/bid, depending on how many you buy. You use those bids to bid on items, each time you or somebody else bids on that item, the price of that item increases 1 penny (all items start at $0). And, everytime somebody bids on the item, the time until that auction expires increases by 20-30 seconds. All of these nice items will expire down to 0 seconds left and somebody will bid and it will go back to 20 seconds, and this will go on forever.
    I sat over on the website and was watching the auctions and it seems like some of those will never end until you run out of bids or just get tired. They have expensive tv's and electronics going for $20.

    If you think about the way it's set up, they are making some big bucks, by selling items for cheap.
    For example: If they end up selling a $1000 flat screen tv for $50, assuming all of those bids were bought from them for 60 cents, they just profited $2000.
    I have tried one before. I would say its more like gambling then it is bidding for something. There are techniques you can use to improve your chances of getting something, but at the end it comes down to if your lucky enough for nobody else to be bidding against you. You can score good deals or drop $100 in bids only not to get the item.



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    Re: Beezid

    Site should be classified as a gambling site, because that's basically what it is.



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    Re: Beezid

    Quote Originally Posted by BigDISU1 View Post
    I have tried one before. I would say its more like gambling then it is bidding for something. There are techniques you can use to improve your chances of getting something, but at the end it comes down to if your lucky enough for nobody else to be bidding against you. You can score good deals or drop $100 in bids only not to get the item.
    Yes, you really need to be lucky to get that item you are bidding on. I just don't see how those things will ever end, until the price gets up too high, and by that time you could have spent a lot of money on those bids.


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    Re: Beezid

    So if you bid, and don't win the item you're just out the money then?

    Sounds like you'd be lucky to break even.



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    Re: Beezid

    Quote Originally Posted by driegner View Post
    So if you bid, and don't win the item you're just out the money then?

    Sounds like you'd be lucky to break even.
    Yes. So, say you bought 100 bids for $60 and you lose all of those bids on an item that you didn't win, then you would be out $60. Or, you could get lucky and get some really nice item for really cheap. You need to be really lucky to win, especially nice electronics.


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    Re: Beezid

    Great idea for the creators, but terrible for people like us. You might get lucky, but most likely, you gonna get screwed!



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    Re: Beezid

    I have done it on wavee.com

    You can score good deals, I got a wii game for like $0.15 + shipping one time. But like I said, i was lucky because I put in a bid early and nobody else bid against me and the timer ran out.

    I have seen 42" tv, dslr camera, ps3, ipad etc all go for the equivalent of about $1.00 worth of bids (20 bids at .05 each)

    I have also seen the same items go for $10-$20-$50. It just depends on luck really,



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    Re: Beezid

    Yeah, I'm not going to drop hundreds of dollars into something and get nothing in return.


    I'm heading to the casino...




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