Quote:
Originally Posted by travrosty
There really is no such thing as sniping, if you put in the highest bid you are willing to pay the first day, you either win it or you dont. it doesnt matter if you wait until the final few seconds. someone is either willing to pay more for it with their highest bid or not regardless of when you bid.
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This statement is only true if everyone puts in the highest amount they are willing to spend and doesn't ever change their mind.
example-
99 cent starting auction
I see one bid in place at 99 cents (but the person's actual bid is $20)
I decide it is worth $25 and bid that the first day of the auction. This gives the person 6 days to think about that bid of $20 and maybe up their bid. They don't know if your bid is $20.50 or $200 and they might not want to lose due to a few cents.
If i decide to place my $25 bid with 5 seconds left it doesn't give the other person the time to second guess their bid.
Using a snipe also gives you the option to back out of a purchase up until the last 5 seconds, in case you find something better or spend the money before it ends.