You and he may believe that, but that doesn't make
it true. ?Snipe bidding
is for two types of people 1) people who believe that they are somehow
entitled to pay less than an item is worth to somebody else (and believe
that snipe bidding will allow that to happen) and 2) people who can't set
limits for themselves and will continually bid up an item when their maximum
bid has been exceeded.
3) For serious bidders that do not want to tip their hand. While
bidders are now protected, you can still sometimes figure out who the
players are by looking at the bidding behavior and patterns.
--
Will