From what I understood, the price goes down occasionally (not sure how often). I... | Hacker News

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		michaelsalim on Feb 19, 2022 \| parent \| context \| favorite \| on: Tell HN: I got 10x Hetzner storage at the same pri... From what I understood, the price goes down occasionally (not sure how often). If you're happy with the price, then go for it. Otherwise wait for it go lower and risk someone stealing the deal. That's why the price varies widely. You need to wait for the price to go down. It's kinda like a reverse auction I guess?

Normille on Feb 20, 2022 | [–]

  >You need to wait for the price to go down. It's kinda like a reverse auction I guess?

It's called a Dutch Auction: https://en.wikipedia.org/wiki/Dutch_auction

michaelsalim on Feb 22, 2022 | | [–]

Good to know, thanks!

addandsubtract on Feb 20, 2022 | [–]

It's referred to as a Dutch auction: https://en.wikipedia.org/wiki/Dutch_auction

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