Quote:
Originally Posted by JollyElm
1055. The Multiple Bid Absurdity Principle
The rationale that any bid you make during the course of an auction is a wasted bid, because it harms you by needlessly and artificially raising the price of the item. Logically speaking, the ONLY bid one should ever make is an all-in, last moment snipe bid.
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Well that thinking could be put to an end by only allowing previous bidders to bid in the "last few" minutes however defined.