Auction Websites With New Bidding Algorithms

There are a lot of auction style websites on the Internet, which creates a platform that allows the market demand to dictate the exact price that people are willing to pay for an item.  There is a subtle but major difference between real life auction bidding and online auction bidding.  In the online environment, auctions will go on for a period of that time usually the seller or auction platform sets, and whoever has the highest by at the end of that duration wins.  However, with many popular bidding websites such as Ebay, people have written software to automatically outbid you last minute or last few seconds.  This creates an unfair playing field because it gives hackers and technically inclined folks with such software the advantage.  Flippa.com is a marketplace for websites, and they have a bidding algorithm that counters this loophole.  The bidding period extends an additional 4 hours after the last bidder has placed a bid.  What this does is eliminate the ability to do last-minute sniping.  If you plan to start your own bidding E-Commerce platform, this might be a method to think about implementing.  Or if you see the bidding period extended on some of your favorite bidding shopping websites and do not know what is going on, the implementation of this bidding algorithm might be the cause of it.