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Old 9th August 2011, 02:23 PM   #1 (permalink)
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Have anyone tried those pennyauction site?

sites like sold.sg, blick.sg, jollideal.com??

any comments?

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Old 9th August 2011, 02:28 PM   #2 (permalink)
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Re: Have anyone tried those pennyauction site?

Originally Posted by oaynait View Post
sites like sold.sg, blick.sg, jollideal.com??

any comments?
signed up on blick but neber bid.

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Old 17th November 2011, 03:34 AM   #3 (permalink)
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Re: Have anyone tried those pennyauction site?

Can check out http://squaredeals.blogspot.com/2010...leebidcom.html. There's a pretty good analysis of such auction sites there.

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Old 25th November 2011, 10:31 PM   #4 (permalink)
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Re: Have anyone tried those pennyauction site?

Auction sites actually earn a lot of money from the bidders. How does it work? Well, before you can start bidding, you have to purchase credits first. When you bid on an item, your credits are used up. Each bid only increments $0.01 (just an example). There are so many people who want to win the bid of course so many people will purchase bid credits from them. They actually earn from credits purchased and not the item for sale itself.

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Old 17th March 2012, 02:20 AM   #5 (permalink)
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Re: Have anyone tried those pennyauction site?

Although this thread is already old, I would like to share my experience.

I have signed up in blick.sg for quite sometime already but never bid, until last night, just like most people I was also curious if this is actually legit. So I went ahead and bought some credit and I bid on a blick $100 credits auction. each bid will increase the auction price by 1 cent, I wait and only bid on the 1 sec mark.

in blick.sg there is a option to auto bid. I see 2 username bidding against each other using the bid machine option. the auction price during that time is around $2 after a few minutes watching the auction the bid reached to around $4. that means at least there were 200 bid and since the majority of the bidding was between the two username I would assume that both party consumed close 100 bidding credit each just to win a 100 credit in which even if they win they will still need to pay the last auction price. I thought "OK maybe some people don't know how to compute".

I waited until one of the user seems to stop bidding and waited for the 1 sec mark and bid myself, so I was bidding against someone who is on auto bid, then the one that I thought stopped bidding started to bid again. So this went on the two user trying to outbid each other me just waiting for the 1 sec mark. then in the end this two user stopped bidding but got replaced by some other user. "OK I do understand that this is totally possible" but here are the things I feel that is fishy.

I there where several instances that I was the last bidder and the 1 sec mark have passed already then the timer will change to PROCESSING, then suddenly the timer goes back and there is another new bidder, "OK maybe by coincidence this person happened to bid in just the nick of time, but there were also several instances that I was the last bidder then after the PROCESSING status it showed ENDED, but still after a few sec the timer started again and the bidding goes on. and just a note, they cannot say maybe because my connection is slow cause I'm using 200 mbps fiber broadband.

I did not feedback this to give them a bad rep, just sharing my experience and for those who will try it let me know the outcome

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Old 29th August 2012, 04:16 PM   #6 (permalink)
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Re: Have anyone tried those pennyauction site?

nope, but i have tried www.sgbidding.com, maybe you wanna try that?
I have won some vouchers and a mp3 over there.
I'm glad that that web is not scam

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