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Agreed! I mainly use it for buy it now stuff these days though.
You know what the biggest problem is? The bid up to thing (can't remember what it is called, brain fart) I made this mistake myself a couple times. You see it is at like $5 or whatever and put in $50 forgetting the fact that someone else might have already done that. Then it shoots straight up to $50 and you've just made the seller a lot happier.
Bidz is worse, people starting bidding in the first hour! It's pathetic. Don't use that site anymore though.
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