Rob C.

Quibids is a scam. Like everyone who has commented on the site, I too test drove it and I have made the determination that its a scam through various ways. I spent one hour on the main "home" page, which shows the auctions that are coming to an end, observing and lightly participating in one auction. The product was a 22" LG LCD TV. While bidding on the smaller TV, which was in the $2 range, three 46" LED TV's ( twice as larger and slightly better LED technology) were also on the block in the $4 price range, however the smaller 22" LCD (which I was bidding on) seemed to be in greater demand than the larger TV's based on the fact that there was constant "Bid-O-Matics" (automated bidding) action from several participants. If you had the option of purchasing a 46" LED TV for around $4, or a smaller lesser quality LCD(as compared to LED) TV, which would spend all your bids on? I didn't even want the 22" LCD (Like many logical consumers, I too would have much rather spent my bids on the larger TV's), however I found it interesting how demanding the 22" TV became once I started bidding on it. Hummm? Moreover, during my experimentation, I noticed someone won one of the 46" LED TV's for $5.14... yes that's correct, five dollars and 14 cents. The 22" TV I was bidding on reached $3.96 before I fully decided that the site was a giant scam for the consumer. Previous comments have elaborated on the actual cost to the consumer, which I agree with. From a time stand point, bids are probably placed 1 every 10 seconds, or 6 bids/minute. And 1 bid = one cent. $5 = 500 bids, 500bids/6bids per min= 83.******* mins (or 1hr 23 mins 20 secs). A $10 items equates to roughly 2 hrs 46mins and 40 secs, and so on. Who has three hours to spend on watching and placing bids?