Thread: Help with ebay!!

I think that anyone who invests in any market, real estate, Wall Street, commodities or collectables should read this book.

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, by Charles Mackay

Originally Posted by animalwithin

This is great stuff guys, thanks!! I guess it simply is just a matter of bidding higher and lots of patience haha. Although bidding $300 and only paying what the last guy bid is still confusing to me. So I can bid $300, but if the second place guy last bid $100, I only pay $100?

just remember if you put in a 300 dollar bid and some other guy bids 290 well that means you win and youll have to pay
290ish. so make sure you have the max bid money on hand. one other piece of advice is bid in the last few seconds not at the start or middle of the auction, starting a bidding war only helps the seller try to help keep the price down lol at lease to the end

eleblu05 said it nicely.

You can get smoked like a cheap cigar doing that.

Originally Posted by deadrift

beware the auction panic virus...

Is there a cure for this virus?? I believe I have it. The virus, that is, not the cure. (:

I typically throw in a bid on powersnipe.com as high as I can stomach if its something I REALLY want, and start looking for some razors to sell to offset the financial loss.

Just bid the amount you feel is equal to market value. If you don't have any reference for market value, then you shouldn't be bidding at all. I'd never, ever put in a snipe for OVER the amount the merchandise is valued at. Why would you want something so bad that you're willing to pay MORE than it's worth? There will always be another one of whatever it is. ALWAYS. Now that being said, sometimes you're gonna be surprised at what the market bears. Maybe many times. But in the end, if you followed this tactic, you never paid too much, and you never have to regret winning something. Never be disappointed about not winning an item. It's just stuff. And barely any of it was only made once.