QuiBids

[Starz26]

So, has anyone else become hooked on this site?

It is a neat idea and the owners of the site must be making a killing.

For those that do not want to go to the site: Quibids allows you to bid and win items in a unique way:

You by a lot of bids and each bid costs $0.60.
You find auctions you want to bid on and each bid raises the auction price by a penny.
Your bid is deducted from you balance.
The clock does not simply count down. It ads a maximum of 20 seconds when someone bids.
Using this format you can win neat stuff for cheap and it is addicting.


Anyway, just found it today and it was neat. the other thing is, if you choose to just pay retail for the item, the value of your bids (number of bids placed x 0.60) is decucted from the retail cost so you really do not loose anything if you are bidding on things you want to purchase.

Check it out. if ya care to join please use my referral code: http://www.quibids.com/

Post your wins here in this thread as well....

 

[Sin]

So...you buy bids to bid on auctions?

 

[JNT]

Someone was telling me about this. The auctions last only a minute or so, and if someone bids, it gets extended another minute, raising the bid by a penny. Rinse, wash, repeat. If the minute goes by without a bid, last person to bid wins. So you could technically win by a single 0.60 bid + final auction price, which will be 0.01x(however many bids happened).

They make their money by having 1000's of people dropping bids for 0.60 a pop.

I've steered clear, cause I dont want to lose my house.

EDIT: Looks like the auction are 20 seconds, so action will be fast.

 

[Starz26]

So...you buy bids to bid on auctions?

Someone was telling me about this. The auctions last only a minute or so, and if someone bids, it gets extended another minute, raising the bid by a penny. Rinse, wash, repeat.

EDIT: Looks like the auction are 20 seconds, so action will be fast.

The auctions start with a few minutes to many hours on the timers. Once they get below 20 seconds left every new bid will reset the clok to 20 seconds

Then after a bit the 20 seconds decreases to 15 seconds, etc....

not sure how low the reset goes.

As for paying to bid on auctions, yes that is correct. You can win stuff at cheap prices BUT it costs you 0.60 to bid.

For example,

I Won the WII Party Game (Currently at Wal-Mart for 39.99)

I bid a total of 15 times (0.60x15 = $9.00) and the final bid was 0.35 with 5.99 shipping. All told it cost me 15.34 for the game. Not bad......

AND, If you do not win, you can buy it now for the price of the item - the amount you already spent in bids...

Moral, only bid on stuff you would buy outright and you will either get it cheap or for the same price as in the store but having a little fun....

 

[Thecatch83]

The girl on their commercials is hot.....Ebay and auction sites are the devil, and have been overun with asian companies winning auctions and turning right around and selling items for a profit.

http://www.darcykatefellona.com/

 

[Jfire]

Penny auction sites are the devil........ It's like Vegas...... Let ya win once and next thing you know you bought one thing for for 100 dollars worth 30.00 (essentially bidding on more items but only winning one.)

 

[MattBell]

I hate you. I just spent like $30.

I really wanted that XBOX360 bundle....

 

[Jfire]

Want to add anytime a company makes 2k dollars off one product that cost 300.00.......Probably a good warning sign. Some of these sites are reportedly earning millions a month.

 

[kockroach]

Yeah, the site says someone won an iPad (32GB) for $22.53. Now that means at a penny per bid, that site got $1351.80 (plus $22.53 and shipping) for a $500 item. And a Samsung 46" 3D TV (not certain on model) went for $98.22. That means that site got $5893.20 (plus $98.22 + shipping) for what could be at the cheapest, a $1700 TV.

What a f'n crock! The moment I started hearing about these types of auction sites, I knew they were a rip off....for anyone that doesn't win the auction.

I wonder which has a better rake....slots at the casino, or this crap.

 

[CAJoe]

All I can say is the guys that started quobids are very smart people.

 

[bdc30]

I hate you. I just spent like $30.

I really wanted that XBOX360 bundle....

There really is one born every minute.... :bottle:

 

[Starz26]

All I can say is the guys that started quobids are very smart people.

Yup. All day I have thought "wish I would have thought of that"

I learned through watching the bidding today though that the adage "a fool and his money are soon parted" is very true in this case.

There are some deals to be had but only if you are planning on purchasing the item outright if your bids do not win, otherwise seems it is a waste of money.

 

[Le Buzz]

Nice... these sites do make a killing. But if you're in the market for something nice this might be the way to get it cheap.

 

[ciggy]

Someone was telling me about this. The auctions last only a minute or so, and if someone bids, it gets extended another minute, raising the bid by a penny. Rinse, wash, repeat. If the minute goes by without a bid, last person to bid wins. So you could technically win by a single 0.60 bid + final auction price, which will be 0.01x(however many bids happened).

They make their money by having 1000's of people dropping bids for 0.60 a pop.I've steered clear, cause I dont want to lose my house.

EDIT: Looks like the auction are 20 seconds, so action will be fast.

Yes...and you have to buy a certain amount of bids as well...before you can bid. I've looked at this site for some time and came to a conclusion you loose your money as you bid. So in effect you loose money even if you don't win the product. That's the catch!