alt Hacker Newswhy would you bid the highest price you can afford in an auction? the seller agreed to auction the thing; they could have just offered it for a set price.
why would you bid the highest price you can afford in an auction? the seller agreed to auction the thing; they could have just offered it for a set price.
Do you not know how ebay works? You put in the maximum price you're willing to pay, and if you win you're paying 2nd highest bid + 1. So you don't save any money by starting with a low bid.