So: If I don't snipe I'm bad at ebay? This is what my GF thinks. Personally, I'm not willing to pay anything more than £3.45 for item x, so why don't I just put that in at the start? If other people want to pay over the odds, let them..
(although this pushes up the observable market price, so people will think these things are worth more, but if you keep doing this eventually they'll be a burst bubble and you can tottaly get your item for £3.24, you just need to wait 2 years for it.)
ps: What do Auctionstealer.co.uk get out of it? Why do they do this?
What does AuctionStealer UK do with personal information?
AuctionStealer UK will never distribute any of the information gathered to any third party for any reason. From time to time you may receive general site updates and notices about individual auction items that you have entered into the site. At any time you may remove yourself by logging in and modifying your profile.
What's in it for them? I don't trust them with my details.