The site offers too much to wrap your hands around on the first time.
I have been bidding at the site for almost a year now and I think there is plenty of money and goods to be won for dirt cheap.
The site has been operational for a few years now and the big guns or hounds on the site do not want their reputation to be thrown away by a newbie.
People lose money all the time (the auctions suck in thousands of $$$) and blame the site for it but you gotta know who you are bidding against and that can only come with experience or spending time learning about closed auctions.
Beware of the big guns on the site as they can crush your spirit and wallet.
Good luck to everyone and happy bidding!