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Bots exist, but they already have punishments in place. They remove all inventory items and wallet funds.
Open item page in browser, place cursor over first buy button and start refreshing (F5). If price is good, click on buy button, check agreement and confirm purchase. GL a fast hand :D
Quite interesting.
And when I say one I mean *one*. Not one per item or price point or whatever category you want to name. Just one at a time per Steam account. Maybe allow for a range around the price point (+/- 5-10%) to speed things along.
Example: A person has sold a card for price X, and sees that a card they want is selling "starting at" price X right now. They put in a registered bid for the card at the price, agreeing to the terms and confirming right then and there, and go do something else. Eventually, when they become first in line for their item and price, the system buys the next one available and completes the transaction. The item arrives in their inventor and their Steam wallet is debited the amount -- or the transaction fails and the bid is cancelled if they lack the funds.
Valve needs to stop this ♥♥♥♥.