I think every auction is going to be different, so it is impossible to give "the" magic answer. The beauty of a micro auction is that it gives junior bidders a chance to get their feet wet. They can observe bidding and give it a try. They will probably discover that certain strategies work better than others in different auction scenarios.
I recently won a micro auction. The strategy that I used was basically be willing to bid more than others would think the victory was worth. I did not bide my time, observe, or try to be frugal in my TCredit usage. I turned on the Bid Assist and let it do its thing. There were a few other bidders at first, but when I was bidding more in TCredits than the prize's retail value others stopped bidding. I then won the auction in about eleven minutes.
Did I get something for nothing? No, but I won. I got a prize that I could not buy elsewhere. And, honestly it was fun! Would I try that same tactic in a regular auction? Probably not at the beginning of the auction unless there were not very many bidders.
I recommend stocking up on TCredits and then giving it a try. I learned so much in that auction; however I am sure that in a different auction I could learn more about being conservative and winning a good deal. When you come to terms with the idea that you will win some and you will lose some, it makes jumping in a whole lot easier.
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I think every auction is going to be different, so it is impossible to give "the" magic answer. The beauty of a micro auction is that it gives junior bidders a chance to get their feet wet. They can observe bidding and give it a try. They will probably discover that certain strategies work better than others in different auction scenarios.
I recently won a micro auction. The strategy that I used was basically be willing to bid more than others would think the victory was worth. ...more
