Posted by: Anonymous Coward
on January 26, 2005 12:41 AM
Or am I missing something?
You are. You're completely missing the point that was made in the last message. Chances are that the other bidder is trying to snipe for the lowest possible price as well, so (s)he won't be entering that $18 bid. Thus, sniping ensures that you remain under your maximum bid, and have a strong chance of getting the item at a substantially lower price.
If Bidder X had only entered in $5 as their max, and you snipe them, it is their own fault if they get "sniped." They should have put in their real max.
This is exactly the point. It's called "defeating human nature".
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Re:Why snipe?
Posted by: Anonymous Coward on January 26, 2005 12:41 AMOr am I missing something?
You are. You're completely missing the point that was made in the last message. Chances are that the other bidder is trying to snipe for the lowest possible price as well, so (s)he won't be entering that $18 bid. Thus, sniping ensures that you remain under your maximum bid, and have a strong chance of getting the item at a substantially lower price.
If Bidder X had only entered in $5 as their max, and you snipe them, it is their own fault if they get "sniped." They should have put in their real max.
This is exactly the point. It's called "defeating human nature".
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