GloriThomas676

Pros and Cons of worldwide Penny Auctions

As global penny auctions grow in popularity, one cannot but stop and think - could it be good for me, like a bidder? Sure, it appears it is a great idea for that site since it can now get in touch with bidders around the globe without having a critical mass of bidders in each country. But how about bidders? How good could it be?

Here, by global penny auctions, I mean those sites where people from all around the globe compete on a single auctions. What this means is if there is a pre-balance credit card that I am bidding on, chances are, the other bidder I am competing against comes from a different country and time zone as me.

Pros The largest benefit of global penny auctions is it helps you with number of products. This is achieved in 2 distinct ways. One, there are specific products that are popular in the US and never the united kingdom or Australia and vice versa. Which means you get to pick and bid on auctions that you simply may not see inside your country. This sure is exciting.

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Secondly, bidders get to see more auctions during the day because now people from different time-zones are competing. This is really a great deal for a lot of bidders who don't get to bid throughout the peak product times, like afternoon (since you will work) and instead want to bid during the night when there are not enough products. Yes, it is true, just about all penny auctions have fewer auctions throughout the night.

Cons Obviously it's not all a bed of roses. There are times when you won't want to be bidding globally. One immediate problem is related to competition. Will the penny auction scale up the quantity of auctions compared towards the quantity of bidders who've now increased? The answer of course depends on the site however the usual response is no. This means more competition because of increased bidders on same number of slightly increased quantity of auctions.

Global bidding could also render some bidding strategies obsolete. This could mean bidders have to reevaluate everything, especially strategies according to best bidding times.

It's really exciting to be bidding against people all around the globe, but at the same time you should remember why you are on the site - to win! Some penny auctions can pull it off well and others cannot. BidRivals, typically the most popular site at one point of your time throughout Europe is struggling today with significantly fewer auctions and bidders than at its peak.