Why is there a 'starting bid' for accounts?

[Luffy]

No lie, it pisses me off when I see starting bids for accounts. We all know you're not going to sell it for that much. A starting bid is the least price you are willing to let the account go for, but then people say "oh that's too little, I wouldn't let the account go for that much"

 

If you're not going to have an official sell date that you're gna sell the account on regardless of price, then you shouldn't bother getting offers and only accept what you want. I think this should be an official rule, to have a sell date.

[ReaLife]

No lie, it pisses me off when I see starting bids for accounts. We all know you're not going to sell it for that much. A starting bid is the least price you are willing to let the account go for, but then people say "oh that's too little, I wouldn't let the account go for that much"

 

If you're not going to have an official sell date that you're gna sell the account on regardless of price, then you shouldn't bother getting offers and only accept what you want. I think this should be an official rule, to have a sell date.

A starting bid is in place to prevent trolls or people from bidding 1 gp, 2k, 10k, etc. And even if you plan to sell an account, you can always change your mind before selling so having a set date is not necessary. Also, put yourself in the seller's shoes, wouldn't you want to get the maximum price for your account?

[Vag]

Pisses you off when you see a bids starting in sales thread?

Srsly.. What really pisses off is kids bidding 50m for a 100m account.

[Luffy]

Pisses you off when you see a bids starting in sales thread?

Srsly.. What really pisses off is kids bidding 50m for a 100m account.

 

That's why you set a s/b that you're willing to sell the account for, but people will set s/b and won't even think about accepting it and would just wait however long till the get their a/w

[Master Chief]

It's put in place to be a lowest someone will let the account go for. So if someone says he'll let it go for 30m and someone says he'll buy it for 30m, but the seller decides to wait and see if someone else who likes the account will come along and say "I want the account more than *bidder one*" and will bid 35m or whatever. Then people will have a bid war so basically the seller will make more money. But if no on comes and outbids he'll just sell to the first person.

 

If the seller sets the starting bid off as 5m on an account he wants no less than 20m for, that's his own fault. The starting bid should be 20m.

[Sky]

The definition of opening bid doesn't require you to set it to your first accepting. 

 

Often in the bid world the sold unit is opened at a well underpriced bid, so that all of the underpayers who believe they can flip it bid to do so, showing a common interest, showing that the unit has a respectable demand. This often cleanses those who want that unit, have the funds to pay exceptionally well but have second doubts because they lack the understanding of demand. 

 

i would never pose this rule, as there is no point. They'll either just set it to 500 years free to bid or set it to a reasonable bid, not meet their quota and reopen the same thread and try again.