Most people who have computer and internet connection on their hand will be easily find the penny auction sites, a web phenomenon which has spurred hundreds of beginners over the past year. Since the consumers eager for deals help the rise of penny auction sites, consumers stress the adage “ if something seems too good to be true, it probably is ”. Users can spend hundreds of dollars on the penny auction sites without getting any guarantee of their effort to win the “ game ”.
Penny auctions have announced the ending times, but if you find the penny auction sites, there will be “ going first, going twice “ every new bid placed toward the end of penny auction add small amount, such as 10 or 25 seconds to the auctions. You only spend your time and money to place your bid on penny auction.
The penny auction actually is just a gambling. As mentioned, when you place your bid on penny auction sites, there will be many other bidders who will continually add their bids on the sites. Like a circle, seems like has no beginning and ending. But, do many people consider that before placing their bid on penny auction? NO. Just remember this words “ If you decide to play, prepare yourself to lose your money “.
Then, what we need to watch out for?
Shills : When the employees, friends of penny auction made their bids just to attract more bidders to the penny auction. Pay attention to this thing.
Scam : Some of penny auction sites will possibly take the bidders money and not send or give the item that was won.
Spending : For some bidders may not realize how much money that they spend just to bid on penny auction.
Become a bidder on penny auction is not a wrong way, but thinking about the positive and negative impact is the wise way.