You're enjoying long lasting bidwars? The proposed feature DOESN'T solve the issue. It will rise the market prices though.
You're happy with X last second bids against you? The proposed feature DOESN'T solve the issue.
You're enjoying waking up at 2 am to bid a player? The proposed feature DOESN'T solve the issue. Remember, you're not playing alone. You might just get outbid anyway.
You're happy in the morning to see the desired player was outbid during the night because you didn't want to wake up at 2 am? The proposed feature DOESN'T solve the issue.
Just make your best bid and be done with it.
1 - it does: you're not doing it manually, it's done automatically
2 - it does: doesn't matter if the bid against you is fast or last sec, your bid is done automatically
3 - it does, partially: your chances are higher to buy player for reasonable price and not be outbid by single bid of the opponent
4 - it does, partially: see 3