Maximum bid. It follows, good Netiquette to set a max bid. Then, don’t go over your budget.
Maximum Bid Netiquette Auctions
A limit prevents caught up in the moment. Thus, spending more for an item than intended. Irrational exuberance causes many people to compete with other users or an item.
Auctions Max Bid
First, many people bid to compete with other bidders. This allows market manipulation. Sellers’ associates bid against legitimate buyers. And so, raise the price. Other sellers use fake accounts to bid prices higher.
As a result, a firm limit. Also, based on research. Anything above a set price is coercion. After, turns into market manipulation. Given, deliberately done by the seller.
Max Bid Netiquette
Therefore, set a max bid. Next, do not go above it. Since, seller manipulate auctions.