standardchief wrote:briank wrote:Never have figured why after initial bids people continue to bid with days left. Final minute will determine it anyways,otherwise it sometimes drives the price up higher. I guess sometimes people wanna bid and feel they had a chance?
Many bidders get caught up in the excitement of bidding. Early in my e-ban days, I learned that when you bid someone will likely outbid you. Who needs a bidding war? Now I bid just before the auction close, which is called "sniping."
I figure out what I am willing to pay and put the bid in during the last minute of the auction. I have won something like 29 of the last 30 auctions that I participated in. Did I lose that one auction? Yes, I did. Did I save money in the other 29 auctions? No way to know for sure, but I bet that's what happened. There are many last-30-second-bidders who follow this strategy and save $$$.
-S
The three main issues that I noticed, of all the 'Battle-Bidding', in the early years of eBay, was:
1) Some bidders were on an ego-trip, and liked to see their name as the high bidder on the site, as often as possible.
This was when you would would see a persons userID, and not the code symbol shown now.
2) Others, just didn't like being outbid, and would keep driving the price up, unnecessarily. I always had to laugh at
the idiots, that would put in a whole mess of $1.00 bids. What's that prove?
3) Then there was the known high bidders, and often winners, with deep pockets, hoping to scare others away. That
didn't fool me. I would still put in my highest bids, that I was willing to pay.
The best days, were when you could see a persons userID, and if you knew them, would either back-off, or contact
them, to see how high they were willing to go, so that you wouldn't run each other into oblivion.