To be honest, i can't get the idea how does it's betting.

My assumption was that i need to increase bid after previous one, but in that case it's weird, because after "2 @ 0.004BTC - Capn_hash " there was a bid from @seek3r which is lower than @Capn_hash's .

So, please, clarify it more understandable, thx (i need to understand exact rules before doing anything)