Your approach to attending auctions with a lower budget is quite practical. Here’s a clearer breakdown of your theory and some additional tips to help small budget users:
Strategy for Participating in Auctions with a Low Budget
Set a High Maximum Price:
If you have 2000 moxie and believe the auction price might go above your budget, set a maximum bid that is significantly higher than the expected market price (e.g., 20000 moxie).
Bid Your Available Amount:
When you place your bid, set the amount of moxie you are willing to offer (2000 moxie in this case). This allows you to participate without overextending your budget.
Understanding Clearance Prices:
After the auction ends, if the final price (clearance price) of the fan tokens is lower than your maximum bid but still allows you to acquire some tokens with your available moxie, you will receive a portion of the fan tokens based on the price.
Example Scenario:
If the auction ends with a clearance price of 4000 moxie per token and you had set your maximum bid at 20000 moxie with 2000 moxie available, you will get:
2000 moxie ÷ 4000 moxie/token = 0.5 fan tokens.
Benefits:
This strategy helps you engage with auctions even if you have a limited budget and mitigates the risk of missing out on bidding opportunities altogether.
Additional Tips for Small Budget Users
Research and Monitor: Stay informed about market trends and the expected prices for fan tokens before auctions to make better decisions about your maximum bids.
Timing: Participating in less popular auctions where there might be fewer competitors can increase your chances of winning without overspending.
Use of Alerts: Set alerts for prices on fan tokens so you're notified when they drop or are at levels you are comfortable bidding on.
Start Small: In auctions where you feel confident, start with smaller bids to build your understanding of how the auction dynamics work.
Learn from Experience: Track your auction participation, what strategies worked, and adjust your approach accordingly.
By utilizing these strategies, even users with a limited budget can effectively participate in auctions and increase their chances of success.
>>most important part <<
you cannot place a bet if the bet amount is less than 1% of your maximum bet.
Let's say the maximum bet price is 2000000 moxie and you want to bet 10000 moxie, you can't do that because the minimum moxie amount must be 20000 = 1% of the amount.
Doing good feels SO good.
we are born for this
It’s that simple. Yeah💆🏻♂️
Doing good feels SO good.
Life is good, buddy
It is the way for being good
yesss!! ❤️ ❤️
The best feeling ever!
Amen to that bro 😌
💯
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Well done! We need more valuable casts like this 🚀
all cast disappeared 😓😓😓 may be he didn’t buy more unit my hard work 😓😓😓
It's my 1st article hope u like it i saw that moxioto new update about step counting❤️ https://paragraph.xyz/@abeg007/about-low-budget-auction
Banger homie 50 $degen
❤️❤️❤️
Nice bro
❤️❤️
thank you mate!
AMazinggg brother ! pure researcherr
I just love the degen 70 $degen
In a Moxie bid auction, two key points to consider are the bidding strategy and the bidder's psychology. Effective bidding strategies involve understanding the auction dynamics, including competitor behavior and bid increments, to maximize the chances of winning at a desirable price. On the psychological side, bidders must be aware of emotional triggers that can lead to overbidding or impulsive decisions, making it essential to stay focused on their budget and goals throughout the auction process... https://paragraph.xyz/@abeg007/about-low-budget-auction https://frames.neynar.com/f/039d51c4/932f7b71
damm moxie fan token for dummies.😂. i like that book bro. i learn lot of code with thats book. who design that cover?
i forget about that coz it was the very first time 2mnth ago
that cover remind me of book that i learn many basic program with code 😂
Well said
yesterday ask me some user about how to join big auction... but they have low budget so i share my little theory.. m not professional but try my best... https://paragraph.xyz/@abeg007/about-low-budget-auction
bro i jst share my Little thought can u read this if anything going wrong told me 1st time trying 🫣 @degen-chad
nice man, keep sharing good content and will get the reward of it.
tnx bro 1st time i trying ❤️❤️
Very well done dude. Concise and easy to understand. I will send to a few other people. :)
tnx bro 1st time try ❤️ tnx for ur appriciate ❤️❤️
Thanks for doing this bro. I know a lot of people don’t understand this
yes yesterday many people’s missd the auction /howmoxie that's why trying jst❤️ tnx for appriciate bro ❤️❤️
Great write up!
tnx buddy ❤️❤️ for ur appriciate ❤️ 1st time try... if anyone get anytype help from this that's my great achievement ❤️❤️
hi bro! thank you for your work, very informative
❣️❣️
nice work dude
tnx bro ❤️❤️❤️
Awesome dude looking forward to seeing more.
tnx for ur honour bro ❤️❤️
There are many surprisingly difficult parts to auction, but there was no article that explained it in an easy-to-understand manner. Thank you for sharing the information.
hope user can easily understand that ❤️
Nice guide, not many people know this!
yes many user miss the auction that's why to expressed my theory if anyone get help from this that's my greats achievement ❤️❤️ but i dnt have much audience 🥴