Monthly Archives: December 2010

Recently the network has been flooded with the so-called penny auctions where you can buy rather expensive things for a pittance. According to the rules of this type of auction, the total time of bargaining is indefinite, but the lot goes to the one who made the last bet, lasted some quantity of seconds / minutes. The main thing is that bidders must pay each time for the right to raise the rate, and the fee for this right is much higher than the rate, and therefore creates an illusion of cheapness. Surely, some good finds its owner, but there is one winner in each lot, but lost people are a lot and it is obviously intervention of programs-robots in the course of trading, this business can be called a fraud.

Naturally, the penny online auction is widespread all over the world. For example, in Germany in 2005 the site Swoopo appeared; it has successfully spread to the UK, U.S., Spain and Austria. All regional offices of Swoopo work on one engine and one database; therefore the same auctions are hold in all countries. Each regional office is only for citizens and will not send goods abroad, so the auction is entirely in the area of the local law.

As a rule, the starting price of any commodity of penny auctions is about 1 dollar. With each bid the price goes up by only 25 cents.

Each bid increases the duration of the auction at a fixed time specified on the specific auction page. It is charged a token amount for the opportunity to make a bet, it allows making penny auction so much fun and selling new products at prices that are lower in ten times than the market.

A token amount is equal to 6 dollars, i.e. every time betting, you reduce your account by 6 dollars that is in 24 times more than the amount bet.

Since the goods to the auction are provided by the organizer, and the auction takes place online, there it could easily be a scam. The administration has the opportunity to wind rate, interrupting the action of the real players with dummies or robots. There is a lack of transparency in penny auctions: the user has no possibility to verify whether each bet is made by a real participant. Even if there is a possibility to write a message to a particular character, to call on the phone the winner of the lot, there is no any guarantee that a particular telephone number does not belong to the owners of the site. Even if we succeed to make sure that the goods eventually went back to a winning man, it is impossible to verify whether all bets are made by real independent participants.

Are you a fan of auction sites? Then you for sure need to visit Moloyo site. This Moloyo site is one of the latest auction sites in the online auction industry. Thus all the lovers of penny auctions are recommended to review this Moloyo site.

And keep in mind that we live in the world of high online technologies. It wouldn’t be smart not to avail oneself of the web network to search for anything to get it on the best terms available on the market. Search engines, social networks, blogs and forums – all this will assist you to solve many issues.

Penny auctions are becoming more popular form of numerous online auctions, and now every Internet user has a chance to buy a cell phone, home appliances, notebook, game console and other useful items at prices far below of retail ones. According to statistics, trading on penny online auctions offer savings of up to 70-90% of the value of the goods. It is a reality, but may be a it is hoax or a simple way – “scam”? To understand this, you must have a clear idea of what the penny auction is. Let’s weigh the pros and cons.

Penny auction is also called the lowest unique bid auction. Penny auction – is an online auction in which the trades take place online, the goods are put up for sale at a minimal cost (1 dollar), and bets are made with a fixed step. The winner is the player who made the last bet. With each bid the duration of the auction increases: the larger the value of the lot, the less time is added to the auction (from 30 to 5 seconds).

The operating principle of the penny auction is based on the time and interests. The participant of a typical penny online auction can place bets in the following ways: SMS – send sms-messages to the short number with the number of required lots; bet in the manual mode (manual bet) – the participant is on the official website of the penny auction and manually clicks on the appropriate buttons thereby making the bets on his lots; rate in automatic mode – the participant of penny auction adjust as needed the automatic feed of the bet on specific lots, and then may not have personally monitor the bidding process for the lot, saving time and money.

Penny auctions are popular in Europe for many years. Indeed, at this online auction you can get quality goods (consumer electronics, mobile phones, electronic payment cards, etc.) at very low cost compared to prices at retail stores. At the same time to participate in some penny auctions, you do not even require registration, and, moreover, can place bets via mobile phone by sending SMS-messages. In general, anyone who is interested in penny auctions can easily take part in them, fight for their favorite auction lot, and if the person is moderately successful and prudent, he will always have a good chance to become the owner of the iPhone or “advanced” laptop.

It turns out that the penny auction is profitable as for the winner of the auction lots, as for owners of the online auction. As for the other bidders on this lot, t in view of their multiplicity with high probability we can assume that each of them separately did not spent a lot of money on bets and pay for them. The strongest and smartest participants are lucky, and participation in the penny auction just assumes the luck and intellect.

Are fond of auction sites? Then you no doubt need to visit Moloyo site. This Moloyo site actually is one of the latest in the online auction industry. So all the lovers of penny auctions are recommended to review this Moloyo site.

And remember that we live in the world of high online technologies. It wouldn’t be smart not to use the Internet network to look for anything to get it on the best terms available on the market. Search engines, social networks, blogs and forums – all this will assist you to solve many issues.

As you know, any innovation, as well as questionable, but such a tempting “freebie”, always generate in the minds of the public, if not prejudice, but the myths – for sure. Of course, penny online auction belongs to such “innovations» and it means that the situation with the myths and legends are not spared it. In this article we will try to place missing the point on the “E” for the most popular of the currently existing myths about the variety of internet auctions.

Myth One: The organizers of such auctions on the Internet – are always scams, and hence the system of penny auctions is nothing as sophisticated and clever scam pyramid.

Worldwide the systems of penny auctions won high trust and great popularity. Moreover, in addition to various home and office technique, these online auctions successfully play such cars as the Mazda 3, Audi TT, and others. Hundreds of thousands of Internet users quickly appreciated not only reliability, but also advantages of these auctions, which in addition to the attractive lots and good opportunities for the game, have personal forums and chat rooms for each auction.

In order to furnish your house with cutting-edge appliances it is no longer needed to save money for a long time, it is just to learn the subtle tricks of the game in penny online auction and bet in time.

Myth Two: New Internet auctions are nothing like the lottery, where you can win either by accident or by more luck, but mostly – it’s a waste of money.

To begin with that everyone has his own head on his shoulders, and the views exist for the purpose to have this right, however, note that penny auction or an auction for a fall have nothing in common with a lottery. There is no place to chance; everything is kept on the statistics. And if all these statistics will be collected, properly processed and based on it to work out a workable system of trading, the chances of winning increase to the maximum.

To verify the above, it is sufficient to draw attention to the profiles of the winners; among them it is easy to find multiple “lucky devils.” In addition, data about the winners, as well as data about prices of “closing” of trading will be very handy for doing the very personal statistics.

Myth Three: Bots – are the main driving of prices in penny auction!

As you know the goal of any auction (not only this type) – is profit. Achievement of profits is due to turnover. The turnover of the auction is more due to the large number of participants involved. Number of attracted participants increases due to attractive conditions. Artificially raising the price by bots directly contradicts the appeal, which is based on low prices. Thus, it becomes clear that from the perspective of the organizers it would be very wrong to resort to “help” of bots, because if they show their prices, they would have scared away all the participants, and hence potential profit.

Thus, in order to dispel ridiculous myths, legends and vague doubts, choose some time-tested auction, prepare well for the bidding – and forward to victory!

Are you a fan of auction sites? Then you certainly have to visit Moloyo site. This Moloyo site is one of the latest auction sites in the online auction industry. So all the lovers of penny auctions are recommended to review this Moloyo site.

And keep in mind that our world is the world of modern Internet technologies. It wouldn’t be smart not to use the online network to search for anything to get it on the best terms available on the market. Search engines, social networks, blogs and forums – all this will assist you to make a decision on many issues.

Penny auction, like any other Internet auction, has its own rules and characteristics, requires certain tactics and strategies, as well as all that is yet a little known for public causes different issues in the minds of people. We will try to give answers to some of them in this article.

Question number 1: Who wins and who loses in the “game” called penny auction?

The answer to this burning question is simple – of course, organizers of this online auction win, because, as we know free cheese is only in a mousetrap. However, this does not cancel the fact that penny online auction can bring to you something more substantial than an unhealthy dose of adrenaline from the bidding. The objective reality is that each bidder, if he has proper skills and skillful strategy, can easily purchase products if not for a pittance, and then for sure, at least, at a price significantly lower than in any online store. But we should remember that the auction winner – is always one and there are many losers, and often they are the ones who went up for auction by accident or simply did not understand everything.

Only to those who know the rules and know how to play it can be the winners of penny auctions, but do not confuse the bidding at an auction with roulette or slot machines. Here you are presiding over a process, not an automaton or unmerciful probability theory.

Question number 2: Penny auction – is it a real benefit or a scam?

It is no secret that a lot of people have the opinion that any penny auction is nothing more than a sophisticated fraud. Well, this view is mistaken, though dishonest organizers of some auctions are actually encountered on the Internet. Usually those people call penny auctions scam by who are unfortunate and have a very little experience playing on the penny auction. This is beginners who became disillusioned with the system already after a couple of bets on very expensive laptop, which, of course, was won by somebody else. “Deception” – they will say and will not be right, because penny online auction – is a game in which experienced players win at these newcomers, well, just like in poker.

In addition, today there are enough online auctions, which exist for a long time and work actively in the network, and have proven themselves as reliable partners and representatives of law-abiding businesses today. These auctions, to which it is certainly possible to rank Swoopo, BidTime, Gagen-shop, etc., and still attract new visitors, which, if correct approach to bid, become the victors.

Agree, that is very, very unlikely people would allow to deceive themselves for so long time, and even in such truly global scales! All penny Internet auctions discussed here are organized by large, reputable firms, and the official sites of such auctions always offer the visitors comprehensive information about all that in one way or another connected with the conduct of an auction, as well as about the entire system of penny auctions in general.

As for the real benefit, according to the most conservative estimates, the system of penny auctions allows to sell up goods in 28 times cheaper than their real value.

Do you like auction sites? Then you no doubt have to go to Moloyo site. This Moloyo site actually is one of the latest in the online auction industry. Thus all the lovers of penny auctions are recommended to review this Moloyo site.

And bear in mind that we live in the world of high online technologies. It wouldn’t be smart not to make use of the Internet network to find anything to get it at the best prices available on the market. Search engines, social networks, blogs and forums – all this will assist you to solve many issues.