I consider myself among the lucky because I did not lose any money on this site. I read the reviews here before I registered and bid... The reason I am reviewing a site I never actually bidded on, but did visit and watch for a bit is:
I put an ad on Craigslist and got a response telling me they wanted to trade. The guy told me he owned this website and that he wanted me to bid on an item and he would give it to me. He gave me a promo code for 10 free bids, and asked me to register, he told me some people thought it was addicting, he probably hoped I would as well. Or maybe they just want some fresh blood and new screen names to appear on their site.
This seems like a scammers way of advertising and I feel he would have not given me anything or taken my junk off my hands... I am reporting this guy to Criagslist as well. I hope they get shut down...
The scammers are smart, but I am smarter.