[Resolved]  magic-bid.com — BIDDING

May i know your name? why is that always we are getting false complains from someone who cannot even reveal the identity?

Verisign doesnt give certification by just paying money we need to prove the authenticity and only then verisign approves the certification

Most of our bidders bid on multiple auctions, and this is common across all auction websites. Do take a look at other auction websites.

If you need further information contact us with your identity and phone number we will be ready to clarify things

Thanks
Priya

I agree that Magicbid is a real FRAUD, they are making money by cheating peoples. One day or the other definetely they will pay for it.

Magicbid is a cheater company.It is advisible not to go and waste to hard earned money. I myslef lost too much money. I realiased the fact, so informing to new comers.Please beware of it.

Hi

I Like to Tell You That

Magicbid Is Completly Fake

Dont Register Yourself Otherwise You Will Loose Money

If Anyone Interested to File Case in a Court For this Company

I am With them

My Id is [protected]@yahoo.com

Buzz Me

Bye

Its not at all fake... i won a Ansal Home (4BHK)... in just Rs.3212... i was sitting on the system for nearly 4 hrs to bid... and finally I won...Its a nice apartment..4BHK... in Cannaught Place Delhi...fully A/C, Modular Kitchen & woden Flooring... so just go on empty your pockets and win just on india's no1. Magicbid.com...

I was closely monitoring the Auction of Blackberry 9700 on magic bid and noted the names of all bidders with the frequency. then i monitored the website for the next 24 hrs. Seems that some people do not sleep at all and are awake @ all hours. During the course of this particular bid, i have noted 62 people and many of these constantly bid - either Magic Bid is using script or these people are so bloody rich that they dont care how much money they loose... Below are the results of 9 sleepless hours! happy hunting and being fooled! :(

Name Frequency
Mohit 114
Iqbal 111
Jhansi 97
srinivk 80
piyush 76
tiwari 73
charan 40
ishika 38
jainnikhil 35
jnm84 33
rajan143 29
preeti 29
Nipun 15
Mainak 14
wahid 12
Simran 11
praveen 11
Lathak 10
Nishan 10
vishal 10
baljeet 9
latiksheq 9
alok jain 9
gurdeep 9
upenp 8
Dhruvi 8
anilm 8
zaarakz 8
subha2601 8
diddevil 8
fernandes 7
ishan2k 7
mahavir 7
jyotsk 6
radhal 6
schandu 6
vamsik 6
sunilkv 6
yogesh 6
harmeet 5
Himanshu 5
haritha 5
shantanu 5
saimk 5
nimarain 5
prithika 4
sheena09 4
faruk 4
nakul 4
jaydesh 4
Pureraj 3
Crocodile 3
john79 3
pratibha90 3
niveditha 3
anilpr 3
srikanth 3
sharath 2
pradeep 2
lalitm 1
divyesh 1
Ishyam 1

Many people are against magicbid so stopped purchasing bid for now, If any users who won the bidding and got their item properly. Requesting them to send the pictures or any details.

After all they' re selling the items for very reasonable price. Just require a confirmation before i put my head inside.

contact me: maddy.[protected]@gmail.com

Cheers
Venkatesh AK

magicbid is using minimum_price and current_limit to control the bids, read on to understand how magicbid is fooling people.
I personally have tried it and found how they function (purely my understanding)

Steps of findings:

1. I just logged in with 0 bid in one account and another one with few bids in it.

2. Right click the bid button and open it in new window (download and open as a text file) (Note: if you will have any bids in your account, it will decrement it while you do this)

3. You will see something like this, before the bid starts

"{"Auction":{"id":"13552", "start_time":"[protected]:35:41", "end_time":"[protected]:00:41", "rrp":"3750", "start_price":"1", "peak_only":"0", "closed":"0", "winner_id":"0", "status_id":"0", "minimum_price":"296", "current_limit":"0", "time_extended":"15", "message":"You have no more bids in your account", "element":"auction_13552"}}"

4. This is a detail of a particular auction with MRP 3750 Rs. Please have a look at field minimum_price. This auction is not going to end until this minimum_price/2 price is reached (apart from few exceptions)

5. Also keep a note on current_limit field. I guess it is related to their own users internal bidding to increment the bid price (i.e. start_price field).

6. As the bidding proceeds, this file will change to

"{"Auction":{"id":"13552", "start_time":"[protected]:35:41", "end_time":"[protected]:07:29", "rrp":"3750", "start_price":"49", "peak_only":"0", "closed":"0", "winner_id":"0", "status_id":"0", "minimum_price":"344", "current_limit":"48", "time_extended":"15", "message":"You have no more bids in your account", "element":"auction_13552"}}"

7. I assume from these numbers, there are no actual bidders, as current_limit price = (start_price - 1)

8. Now if there are no bid at (minimum_price - current_limit)/2 price, the auction ends with their internal user.

9. If you bid at the above mentioned price (for this example Rs.148), their internal users will keep on incrementing the bid and might as well change minimum_price, current_limit price.

{"Auction":{"id":"13552", "start_time":"[protected]:35:41", "end_time":"[protected]:21:45", "rrp":"3750", "start_price":"151", "peak_only":"0", "closed":"0", "winner_id":"0", "status_id":"0", "minimum_price":"445", "current_limit":"1", "time_extended":"15", "message":"You have no more bids in your account", "element":"auction_13552"}}

10. Now the next trigger price is Rs.222 (i.e.(445-1)/2). This difference of 74 Rs.[protected] will keep on decresing, if you again bid at Rs. 222. When there is no difference, still am not able to close the auction as their internal users keep on incresing the bid.

{"Auction":{"id":"13552", "start_time":"[protected]:35:41", "end_time":"[protected]:32:14", "rrp":"3750", "start_price":"225", "peak_only":"0", "closed":"0", "winner_id":"0", "status_id":"0", "minimum_price":"518", "current_limit":"0", "time_extended":"15", "message":"You have no more bids in your account", "element":"auction_13552"}}

{"Auction":{"id":"13552", "start_time":"[protected]:35:41", "end_time":"[protected]:38:48", "rrp":"3750", "start_price":"272", "peak_only":"0", "closed":"0", "winner_id":"0", "status_id":"0", "minimum_price":"564", "current_limit":"2", "time_extended":"15", "message":"You have no more bids in your account", "element":"auction_13552"}}

{"Auction":{"id":"13552", "start_time":"[protected]:35:41", "end_time":"[protected]:41:55", "rrp":"3750", "start_price":"293", "peak_only":"0", "closed":"0", "winner_id":"0", "status_id":"0", "minimum_price":"584", "current_limit":"1", "time_extended":"15", "message":"You have no more bids in your account", "element":"auction_13552"}}

{"Auction":{"id":"13552", "start_time":"[protected]:35:41", "end_time":"[protected]:43:31", "rrp":"3750", "start_price":"305", "peak_only":"0", "closed":"0", "winner_id":"0", "status_id":"0", "minimum_price":"595", "current_limit":"2", "time_extended":"15", "message":"You have no more bids in your account", "element":"auction_13552"}}
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This was a live example, which I went through and thought of sharing with you. So you don't waste your hard earned money.
If you are lucky you will see this setup, else by now magicbid might have change this setup.
They are clearly using minimum_price and current_limit at their end to control the bids, that clearly is a cheating.

If you are a magicbid employee or a part of it then I would advise you to be ethical, don't cheat people by taking their hard earned money (without them knowing) and stop playing around with their emotions by this lucrative game plan.