Scam Or Not, This Is What You Are Up Against With QuiBids.

I recently witnessed on QuiBids an auction that was auctioning off a bottle of, Liz Claiborne Women's 1.7-Ounce Curve Soul Eau De Parfum Spray.  This auction went on til a total of 344 bids were made by around eight bidders.

344 bids means Quibids made $206.40 on an item that the real market value is at the most about $10.00.  If the market value is $10.00, you know that QuiBids did not pay that amount for it.

A bidder with the handle of AngelRea won this auction.  AngelRea bid a total of 107 bids, 104 voucher and 3 real bids.  AngelRea, whether she/he knows it or not actully paid out of the pocket $64.20.

VOUCHER BIDS ARE NOT FREE!  ONE WAY OR ANOTHER YOU HAVE PAID FOR THEM AND THEY HAVE THE SAME VALUE ON QUIBIDS THAT REAL BIDS HAVE!

This bidder paid the phenomenal amount of $64.20 cents of real cash on an item with an actual market value of no more than $10.00 - $12.00.

If you going to participate in QuiBids, your going to be bidding in situations like I just described. These are no win situations.

QUIBIDS - SCAM - BOTS - ?

The question simply is, "Is Quibids a Scam site?".  Tied into this question is, "Can you make money on this site?" The simple answer to these questions is "NO".

The reason that I say that QuiBids is not a scam site is that they lay out what is going on and what you need to do pretty clearly on the site.  In other words it is more of a matter of buyer beware.  If you do not at least read their rules, warnings, and advice that they put on their site, you will more than likely lose more money than you win.

As for the answer of "NO" as to whether or not you can make money on this site, the answer is a little more complicated and is tied to whether or not you really know what you are doing.

Before you start bidding you need to know and understand that QuiBids is simply what is known as a "penny auction site".  A penny auction site is "A bidding fee auction, also called a penny auction, is a type of all-pay auction in which all participants must pay a non-refundable fee to place each small incremental bid." (https://en.wikipedia.org/wiki/Bidding_fee_auction)

That means to you that this is not a normal auction.  Normal auctions you pay what you bid. If you bid one penny, you pay one penny.  In Quibids, if you bid one penny your actually paying $0.60.  What that means is if you bid a total of $1.00, you actually bid $60.00. Changes things a little bit, doesn't it?

The auction, which you can find at this link, (CLICK HERE), is the result of a real auction I actually participated in, and did not win.  There were 131 bids actually placed.  Each bid appears as $0.01, hence the $1.31 auction value that  "slewis1152" won.

On the surface this looks like a good deal, and most people's reactions would be, boy, I would like to get a piece of that.  That is what QuiBids wants you to feel.  Once they got you bidding against a faceless adversary, they got you hooked.

There are several things you must realize when you bid in a Quibids auction and the one I want to key on today is, "Who, or what, are you bidding against?  Are you actually even bidding against a real person?  could you be bidding against Quibids itself?"  These are questions you need to consider if you are going to participate.

Take this auction for instance.  There were four of us bidding, I am not on there because I decided to stop bidding to see what would happen in this auction.  The top bidder under the bidding history, "slewis1152" was the last one to bid, and the winner.

In this auction, I bid 30 bids.  "slewis1152" bid 57 bids.  That means out of the 131 bids, between the two of us there were 87 bids made.  Therefore 44 bids were made between the other two bidders, and "moeandmoe4me", one of the bidders probably made less than 10.

First of all, on the surface it looks like "slewis1152" made a good deal, in reality he/she spent $34.20 to win a $25.00 gift card.  This bidder also did win 25 "voucher bids" with a "QuiBid" value of $15.00, but you can only spend them on the QuiBid site.  It also cost this bidder $1.31 to claim the "winnings".  In reality "slewis1152" spent $35.51 and walked away from this auction with an item worth in the real world only $25.00.

My question at this point is why did the other two bidders all of a sudden drop out when I quit bidding. There were only 9 more bids made and mysteriously the auction ended.  My question is why?

Was I bidding against "BOTS", not real bidders, in order to get me to spend money.  I say this because there is no logical reason why the other two would just drop out.  The one bidder spent around 10 bids or about $6.00.  The other spent around $20.00.  Then BOTH of them just quit bidding.  Again, my question is why?

I base my suspicions on my observations of hundreds and hundreds of auctions over the last several years.  Two things happen consistently.  Only a few bidders bid, and the auction ends early, like this one did.  You have an Item valued at $40.00 and it looks like someone won it for something like $1.31.

Or, you start bidding from the beginning of the auction and you bid tit for tat with one or two, or so, other bidders until you bid the item up to the limit that they allow you to bid, and your prevented from making another bid.  Mysteriously, once again the other bidders drop out after only a few more bids.  Why?  I was bidding against multiple bidders up to the limit I am aloud to bid and all of the sudden everyone simply drop out several bids after I can no longer bid!!

At this point you have two choices.  You can walk away from the auction, which they would prefer you would do.  The reason they prefer you do this is because you in an auction like this one you already spent $39.60 for an item they have valued at $40.00.

But, $15.00 of it are actually of no value to you except in another Quibid auction.  If you use the "Buy Now" button to claim the item, in this auction it will cost you and additional $1.31. That means you end up with a $25.00 Walmart gift card that cost you $40.91.  Unless you really like gambling, this is not a very good value for the money you just spent.

ic

(http://www.quibids.com/)http://www.quibids.com/en/auction-755520311US-C2682-25-walmart-gift-card?pp=2682,1771,1778,2924,3524,3525,3553,5548,5551,6616,6851,11842,106966,107056,107086,158436,170811,276041,8591,1457,1741,2269,4852,7875,107161,166161,8591#)

IS QUIBIDS A SCAM OR ARE YOU PLAYING AGAINST BOTS?

 BOT?

It is easy to label something as a scam but saying something is a scam just because you lost money, you do not understand how a system works, and your angry does not make that statement true.

In the world of the internet there are hundreds of different sites out there where the sole purpose of existing is to make money.

If the site does not make money it will not stick around long and it will move on to something else until whoever is thinking up these schemes, finds something that works.  Hopefully it is legal and fair.  Whether it is legal or not, I will leave that up to the people responsible for monitoring those type of things.  I am more concerned with whether the site is fair.

Exactly what do I mean?  Well, what I mean is that, "Do you have a chance at doing what the site says you can do?"  The short answer I have for QuiBids is, "YES!"  Whether the chance is a reasonable chance is another story.

You need to be aware of certain things before you dive in.  Today I am pointing out something that I observe in auctions many times.  In fact it is often enough to make it something for you to be aware of.

That is the existence of something in the cyberspace world known as a "BOT".  What is a BOT?

"bot

• 1. Simple computer program used to perform highly repetitive operations, e.g. trawling websites to collect email addresses. 
  2. Computer program run concurrently with an online game to give the player an unfair advantage. Bots may alter the game environment, boost the abilities of the player's character or hinder opponents. Writing bots requires a great deal of skill; using them almost none. "  (http://www.urbandictionary.com/define.php?term=bot).

I will discuss more about BOTS and their usage in another Blog post so stay tuned. Right now I just want to bring to your attention the possible existence of these and their usage in regards to the QuiBids auctions.

I am not saying that QuiBid uses these, nor am I saying that anything that is going on on the site is illegal.  What I am saying is that if you decide to participate in these auctions, you need to be aware of them.  I witnessed this auction this morning and it caught my attention as to the possible usage of a BOT.

In the auction I actually witnessed chattycathy111 was bidding against four other bidders. A total of fourteen bids were made for an auction value of $0.14.

chattycathy111 and one other bidder were set up on "BidoMatic" which means they were set up to bid 25 bids each, automatically.  Just those two bidding alone would have ran the bidding up to over $0.50.

There were two other bidders who participated in the auction.  Why did everyone in the auction all of a sudden drop out and leave chattycathy111 win after only 14 bids were placed by 4 different bidders?  

Now if this only happens occasionally I wouldn't think anything about it, but it doesn't.  This happens all the time.  I know because I witness it many times a day.

The point here is, if your going to participate in QuiBid's auctions, these are going to be the types of situations you need to be aware of and have a strategy to defeat, or you will consistently lose.

A PRIME EXAMPLE OF WHAT APPEARS TO BE A QUIBID SCAM, OR WORSE YET, "A BOT"??

Why Quibids is so hard for anyone to have a fair chance at winning.  

There are bidders that participate in these auctions that either do not know what they are doing or just do not care.  Or,  there are "BOTS" being used on the site.
 

Now, don't get me wrong, I am not accusing QuiBid of anything, but it makes me really wonder when a bidder WINS AN AUCTION BIDDING AS MUCH AS HE/SHE DID.  What I witnessed in a recent auction is something that happens on a regular basis, everyday.

Again, do not get me wrong, I am not writing this because I am mad at QuiBid for cheating or anything like that.  I have won auctions and I have made money on the resale of the items I have won.

The big difference between Quibid and gambling or playing the lotto is that you can actually have hours of enjoyment and actually get something real and of value out of the time and money you spend on QuiBids.  But that discussion is for another auction.

IF YOU DO NOT KNOW WHAT TO DO YOU WILL LOSE!  

I have recently witnessed an auction where a bidder made 168 bids.  168 bids at $0.60 a bid has a value of $100.80.  

What this bidder won was "Eternity Eau De Parfum Spray - 3.4 oz".  If you bought it from a regular store it costs around $24.67 for 3.4 oz. , (google it).

What does this mean?  This person spent $100.00 a 3.4 oz bottle of perfume that cost only about $24.67 in the real market.

You really need to like gambling and losing if you find enjoyment in this!

QUIBIDS IS NOT A SCAM. SOME PEOPLE'S ACTIONS ARE JUST PLAIN STUPID.

There are people in the world today WHO'S ACTIONS cannot be described as being anything other than just plain stupid.  Yes, you read it right.  These people's actions are stupid, pure and simple. 

Look at the definition of stupid.   

The dictionary definition of stupid is:

• having or showing a great lack of intelligence or common sense. 

• slow of mind. given to unintelligent decisions or acts.

• acting in an unintelligent or careless manner. 

• lacking intelligence or reason.

• A clear exit strategy.

• The common sense on when to employ this strategy.

FOR THOSE OF YOU WHO DO NOT UNDERSTAND QUIBIDS, YOU PAY THE SAME AMOUNT FOR A VOUCHER BID AS A REAL BID.  VOUCHER BIDS ARE NOT FREE!!  

I just witnessed an auction on QuiBids that I never thought I would ever witness.  The results of an auction like this is why so many people who lose money on QuiBids, simply label this site as a Scam. 

I know I wrote before that there are some people who bid on QuiBids who just bid because they like to gamble, and that is a fact.  There are some people who get simple enjoyment from gambling and what money they lose is just inconsequential.

But, even these type of people have rational limits on the amount they will lose in any one game or session, or even over a certain period of time.  With that said, even this category has people in it that do things that are just plain stupid.

The reason I say this is that there is no sane person, and the operative word here is the word “sane”, who would continue to just throw their money away when there is no chance in of somehow coming out ahead.

A person would have to be insane to simply throw money away in this fashion.  A sane person would recognize when they have lost and could not win and would simply cut their losses and move on.

If you’re going to bid in Quibids, two things that you will need are:

IF YOU WIN THEM IN AN AUCTION, THE VALUE OF THE BIDS YOU WIN ARE INCLUDED IN THE VALUE OF THE ITEM YOU WON.  THAT'S WHERE YOU COME UP WITH A "VALUE PRICE OF $62.00 IN AN AUCTION WHERE YOU WIN A $50.00 WALMART GIFT CARD AND 20 VOUCHER BIDS.

20 VOUCHER BIDS EQUALS $12.00, PLUS THE $50.00 GIFT CARE EQUALS THE $62.00 VALUE PRICE.

GET THE DRIFT??

QUIBIDS IS NOT A SCAM, BUT, THERE ARE IDIOTS LIKE "BIDTOBUYCOOPER", WHO PARTICIPATE IN THE AUCTIONS.

PEOPLE LIKE "BIDTOBUYCOOPER" WHO WON AN AUCTION ON QUIBIDS, FALL INTO ONE OF TWO GROUPS OF PEOPLE:

1. "BIDTOBUYCOOPER" HAS MONEY TO SPARE, DOES NOT CARE IF HE LOSES MONEY ON QUIBIDS, AND BIDS LIKE PEOPLE DO WHEN THEY GAMBLE.  BASICALLY FOR THE ENJOYMENT OF IT.  OR,
2. "BIDTOBUYCOOPER" IS AN IDIOT!

WHY DO I MAKE THIS COMMENT?

THE FOLLOWING ARE THE AUCTION RESULTS FOR THE AUCTION I AM REFERING TO:

"BIDTOBUYCOOPER" SPENT THE FOLLOWING:

1. VOUCHER BIDS - 46 BIDS -  $27.60
2. REAL BIDS         -  18 BIDS - $10.80
3. AUCTION VALUE  -                $  1.43
4. SHIPPING AND HANDLING   $  0.50                     

TOTAL SPENT:  $40.33

BIDTOBUYCOOPER ACTUALLY SPENT  $40.33 TO WIN SOMETHING WITH A VALUE OF$27.00!

NOTE #1:  VOUCHER BIDS ARE ACTUALLY NOT FREE BIDS!!  WHETHER YOU BUY THEM OR YOU WIN THEM THEY COST YOU MONEY.

VOUCHER BIDS ARE NOT FREE!!

NOTE#2:  QUIBIDS CLAIMING THAT BIDTOBUYCOOPER SAVED $14.77 AND 55% IS ACTUALLY MISLEADING AND THE REASON WHY A LOT OF PEOPLE THINK QUIBIDS IS A SCAM.

PEOPLE ARE ALWAYS LOOKING FOR WAYS THAT THEY CAN MAKE MONEY ON THE INTERNET AND COMPANIES ARE ALWAYS LOOKING FOR NEW WAYS TO TAKE ADVANTAGE OF THESE PEOPLE.

PEOPLE LOOKING FOR WAYS TO TO MAKE MONEY FROM THEIR HOME HAS BEEN AROUND FOREVER - EVEN SINCE BEFORE THE INTERNET EXISTED, IF YOU ARE OLD ENOUGH TO REMEMBER BACK THAT FAR.

QUIBIDS IS JUST ANOTHER WAY TO DO IT.  PEOPLE SPEND MONEY AND QUIBIDS MAKES MONEY.

YOU NEED TO BE IS ONE OF THE LUCKY FEW WHO CAN FIGURE OUT HOW TO MAKE MONEY AND NOT LOSE MONEY WHEN YOU PARTICIPATE ON QUIBIDS.

IT CAN BE DONE, BUT YOU NEED TO KNOW WHAT YOU ARE DOING!

QuiBids Not A Scam! This Is How To Make Money On QuiBids.

I can offer up enough support for the statement that QuiBids is not a scam site.

I will agree that is not what most people think of when they think auction, but then QuiBids makes that perfectly clear on their site.

QuiBids does not represent themselves as a typical auction.

The trap that most people fall in is the same trap people fall into whenever they buy something and then it does not work out the way THEY FEEL it should work out.  It happens all the time.

This does not have to happen to you when you use Quibids.

It just takes a lot of common sense and yes, some luck.  But, you need both of those things in anything you attempt to do in life when some type of risk is involved.  Think about it.

The greater the risk, the greater the reward, and also, the greater the loss.

Take thrill seekers such as mountain climbers for instance.  The higher and steeper the mountain, the greater the thrill when they reach the summit, but also the greater the risk of serious injury or death if something goes wrong and they fall.

How do they minimize the risk?  By being prepared for the climb.

Financial risks, such as participating in QuiBid auctions are no different.  Yes, there is a financial risk when you participate in the auction.

But, if you prepare yourself, if you have the tools you need and the information you need to win the auction and actually make money on the auction,  the reward can be great.

I won an auction item.  The total I spent to win, claim, and receive item was $2.33.  

I won that item and have since sold the item.  

MY TOTAL PROFIT ON THIS ONE ITEM WAS $17.06 FROM START TO FINISH.

That may not sound like much, but what if the value of the item was $220.00.  My profit may have ended up around $170.00. 

The point I am trying to make here is that money can be made on QuiBids if you had the right strategy, and know what you are doing.

THE REASON PEOPLE THINK QUIBIDS IS A SCAM.

People participate in auctions and then they lose.  They just spent money and they got nothing for it. that is not how traditional auctions work.  The problem is, QuiBids does not work the way tradition auctions work.

They lose for many reasons.    One of the reasons that they lose is they do not fully understand the rules of the auction and they do not have a strategy.

Before anyone participates in an auction they really need to go to QuiBids 101 on the official site and read the rules.  Even then most people probably do not fully understand how the auction works.

That is a subject for for another Blog.

What I want to point out here is something different.

In a recent auction I observed.  There were 8 different people that participated in this auction. "alexadam0923" won the auction.  He spent $16.20 cash on a $10.00 gift card.

That is not the only thing and this is where people do not understand when they are actively bidding.

The auction value of $2.87 looks and sounds like a nice amount to spend on a $10.00 gift card, but that is not what this person spent. This person actually spent $16.20 real cash money for a $10.00 item and probably doesn't even realize it.

IS QuiBids A Scam? No, QuiBids Is Not A Scam.

In my humble opinion, QuiBids is not a scam. 

I base my opinion on the fact that I have been able to win auctions on a regular basis with huge savings.

Have I won every auction I have ever entered?  

No I have not.  

But then I do use the "BUY NOW" option to minimize my losses.  If you use this option correctly and you know what you are doing when you are bidding, you can minimize your losses.  If you do not make a mistake, you can actually minimize your loss to the auction price and the cost of shipping and handling.  That is, if you know when to drop out of the auction.  Problem is, most people do not understand when to drop out to minimize their losses.

The auctions are actually set up so you can't bid more than the "value price" of the item you are bidding on when you are using "real bids".   

Let's say you are bidding on a $10.00 Walmart Gift Card and 20 Voucher Bids.  The value price in this auction is $22.00.  The gift card is worth $10.00 and the "voucher bids" are actually worth $12.00. This is where you come up with the $22.00 "value price".

I will use an example where there is only you and one other bidder, (it does happen).

Every time you bid, the value of the bid is $0.60.  You bid twice, the value you bid is now up to $1.20. Every time you bid it goes up another $0.60. Once you bid 36 times, you have spent a total of $21.60 in the auction.  The auction will not let you bid anymore because it would put what you spend in the auction over the actual value of the item you are bidding on.

At this point you have the option of accepting the loss of the $21.60, or you can buy the item at what the auction price was at that point.  Since there were only two of you bidding, at that point the auction price at $0.01 a bid, (each bid you make shows up as a penny in the auction, not $0.60), would be $0.71.

The value price of the item is $22.00.  They subtract out what you actually spent, which is $21.60. That comes out to $0.40.  You add that to the auction price of $0.71 and that comes to $1.11.  Therefore you would owe $1.11 for auction item plus $0.50 for shipping and handling.  To claim your auction item it would cost you an additional $1.61 on top of the money you actually spent in the auction trying to win the item.

The end result would be that you just spent $23.21 to purchase and item worth $22.00.  So you actually loss $1.21.

The question then is, "WHY WOULD A PERSON WANT TO DO THIS IN THE FIRST PLACE?"  The following link, ( $10 Walmart Gift Card ) 

is an actual auction I recently won.  I paid a total of $5.80 to win an auction item worth $22.00.  I made a profit of $16.20.  If you can win auctions like this one, and win more of these auctions than you lose, while keeping your losses at a minimum, you can make a profit, I do.

You can make a profit, that is, IF YOU KNOW WHAT YOU ARE DOING.  I do know, and I win. 

QuiBids, What You Need To Know Before You Start Bidding.

QuiBids is not a SCAM, it is a legitimate site where if you win the auction you participate in you will get the item that you were bidding on exactly as the item is described.

But before you can Bid in ANY auction, and I will repeat that so it sinks in, BEFORE YOU CAN BID IN ANY AUCTION, they will require a credit card.

Why, you may ask.  Is this the way they get you.  The answer is, no, this is not the way they get you, this is how they get payed for items that are won in the auctions.

You need to give them a credit card number, or you can use PayPal, because when you bid you will be bidding with bids that you bought from the site.  Again, that is how you pay for the items you bid on.

They do not trick you into this.

There are two links to get onto the QuiBid site.  They are:

https://www.quibids.com/en/landing/index.php?mb=mbn&sub=180230&aid=249668660

AND

http://www.quibids.com/en/


I am just going to give you a fair warning right now.  I would not participate in their auctions until you fully understand their rules.

I somehow, if you get mixed up and you actually bought bids with a credit card and you end up back on an actual auction, I suggest that you take a deep breath and log out of the site.

You have to go through several steps in order to end up actually bidding with your money so to make the complaint that they tricked you is a little disingenuous.  What I mean by that is, it you are being asked to type you Credit Card Number into a site, then you better know exactly why they are asking for it.  In my experience online, anytime a site asked for my card number, and I gave it, it cost me money.

You cannot participate in an auction before you buy bids.  Let me repeat that.

YOU CANNOT PARTICIPATE IN AN AUCTION BEFORE YOU BUY BIDS!

So, WHAT DOES THAT MEAN TO YOU?

It means if you are bidding, it is costing you money.

So, if you actually did buy bids from QuiBids using your credit card, that means you already set up an account with them complete with a user ID and a password.

HERE IS MY ADVICE TO YOU.  If you get to the point where you can actually bid in an auction and you did not read QuiBids 101 several times and fully understand what you are doing, I would stop and log out of the site.

Once you log out, log back in and then look for their link that Says QuiBids 101.  It is located at the top of the page.  When you get there, before you do anything else, read, read, read, and then read some more!!

JUST A FRIENDLY WORD OF ADVICE!

WINNING ON QUIBIDS. IS IT A SCAM SITE?

Can a person WIN big ticket prizes on QuiBids or make money using QuiBids on a regular basis?

Can a person get an auction item at GREATLY discounted prices?  Is QuiBids just another scam? These are good questions in light of the fact that there are thousands of sites out there today that make this claim.

if you Google QuiBids, its advertising claims that:

"QuiBids Online Auction Site can Save you up to 95% on Retail! Learn why QuiBids is the Best Online Auctions Site.".  

Is this claim true?  Can a person actually "save 95%" on retail?

"Deal Dash" is one of these sites.

Many people join these sties expecting to get things at deeply discounted prices.  Many do this to get these items, such as flat screen TV sets, to save hundreds of dollars, and possibly making money when they RESALE the item.  They then are disappointed when they find out that it doesn't work the way they figure it would work.

They become real angry when they lose money. and even angrier when they lose lot's of money.

Is QuiBids a SCAM?

In order to answer that question truthfully, you need to understand the definition of what a scam is.

When you "GOOGLE" scam, you come up with:

scam

skam/

noun

informal

1. 1.

   a dishonest scheme; a fraud.

   
   

   "an insurance scam"

   
   

   synonyms:

   fraud, swindle, fraudulent scheme, racket, trick; More

verb

1. 1.

   swindle.

   
   

   "a guy that scams the elderly out of their savings"

   
   

   synonyms:

   swindle, cheat, deceive, trick, dupe, hoodwink, double-cross, gull; More

By the strict definition above, if you actually go to the QuiBid site and RESEARCH IT, the answer to whether it is a scam or not is, NO IT IS NOT.

I am not going to spend anytime on this blog trying to explain my answer or defend my answer.

The reason for that is that QuiBids is perfectly clear on exactly what to expect.  You can find all of that on their official site.

If you fail to do your do diligence, than that is on you.

THE FOLLOWING LINKS ARE OFFICIAL QUIBID LINKS THAT COME FROM THE "OFFICIAL QUIBID SITE" AND GIVE YOU WHAT YOU NEED TO KNOW.

READ THEM -  BEFORE YOU START BIDDING!

QuiBids Quick Tips

• QuiBids 
• 
  
• Common Mistakes
• 
  
• Live Auctions
• 
  
• QuiBids 101
• 
  
• QuiBids: Is it the Real 
• Deal?
• 
  
• QuiBids Reviews
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• QuiBids Promos
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• QuiBids Strategy and Tips
• 
  
• QuiBids Penny Auctions
• 
  
• Online Bidding Sites