Member of the Month

KilaTsunami
October, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

Is http://www.swoopo.com/ legit?

profile picture
Noss.
Posts: 4059 - Karma: 149
Im sure lots have seen this (it is sort of like ebay) but i cant believe its legit when 1200 dollar TVs are going for like 40 dollars due to bidding

So what im asking is, is it legit?

Thanks
Apr 7 2009 8:00PM
0 0
profile picture
*Fujative*
Posts: 8554 - Karma: 183
i just check it out, if so, nice... but i doubt it
Apr 7 2009 8:03PM
0 0
profile picture
Slinger1x1
Posts: 8853 - Karma: 66
look pretty sketch...
Apr 7 2009 8:05PM
0 0
profile picture
*Fujative*
Posts: 8554 - Karma: 183
not legit!!! you pay $1 each time you bid....

Apr 7 2009 8:07PM
0 0
profile picture
spruitm
Posts: 2221 - Karma: 1,069
i think its real.  every time you bid it costs 75 cents to raise it a penny and it adds more time every time someone bids.
so if you bid 10 times and dont win it still costs you $7.50
Apr 7 2009 8:07PM
0 0
profile picture
Captain-T
Posts: 855 - Karma: 47
Yea man its a mad weird system. You buy prepaid bids or something then use them to extend the time and add 15 cents to the amount? Stick with good ol' ebay.
Apr 7 2009 8:08PM
0 0
profile picture
Slinger1x1
Posts: 8853 - Karma: 66
yeah i was looking at a mac and it said it COST 0.75 to bid and that raises the auction by 0.01

so like, getting out bid is super easy since its only a cent. and every time someone bids, the time goes back up, so it turns into huge bidding wars that just rack in the cash
Apr 7 2009 8:08PM
0 0
profile picture
*Fujative*
Posts: 8554 - Karma: 183
yup. each bid is a $1. you bet 20 times, and lose, you also lost $20.
Apr 7 2009 8:09PM
0 0
profile picture
Noss.
Posts: 4059 - Karma: 149
thanks for the review, helped alot
Apr 7 2009 8:09PM
0 0
profile picture
spruitm
Posts: 2221 - Karma: 1,069
if you somehow won in one bid, then yes, it would be a very good deal
Apr 7 2009 8:12PM
0 0
profile picture
Slinger1x1
Posts: 8853 - Karma: 66
looks awesome if you somehow get lucky and no one else wants it, but i doubt it. its supposed to but you in a huge bidding war/cycle. its a little trick. people figure O MAN!!! A MAC FOR 15 DOLLARS!!!! and dont realize how much they are spending to bid on it
Apr 7 2009 8:12PM
0 0
profile picture
spruitm
Posts: 2221 - Karma: 1,069
whoever came up with this is a genius and making a TON of money.  it says a tv recently sold for $331.20, great deal right?
but that means there were 33,120 bids x 75 cents each, so someone got a $300 tv, but the site made $24,840.  pretty amazing
Apr 7 2009 8:18PM
0 0
profile picture
Slinger1x1
Posts: 8853 - Karma: 66
dude, i just showed this to my dad. its a fucking amazing idea. i doubt the tv started at like .01, but either way, its sooo much money...

im watching a mac laptop. im guessing it started at like $15? so it keeps going back to 15 seconds, and people keep bidding, and its gone up to like $16.50 now which mean like 150x.75

they are making bank. genius idea
Apr 7 2009 8:22PM
0 0
profile picture
spruitm
Posts: 2221 - Karma: 1,069
i think they start at a penny cause theres some stuff at like $6.  im sure the auctions go for days or weeks even if it says theres only a minute left
Apr 7 2009 8:30PM
0 0
profile picture
cashdebt
Posts: 2383 - Karma: 349
the bidding starts at 15 cents for everything. Whoever made this site is most likely a multimillionaire already
Apr 7 2009 9:16PM
0 0
profile picture
MatRich
Posts: 4789 - Karma: 1,813
pokebatle?
Apr 7 2009 9:49PM
0 0
profile picture
Travapple.
Posts: 6787 - Karma: 88

i've studied it and it seems pretty unlegit. this site probably isnt completely honest. they use bots to beat you out on your top bid to make you bid more.

Apr 7 2009 9:53PM
0 0
All times are Eastern (-5)