Why do people do tiny $100, $500 or $1000 price cuts?

I know it’s to go back to the top of the “most recently changed” list but it is honestly insulting, and makes you and/or the seller look stupid. Even worse is the tiny price cut with the flip back to the original price 24 or 48 hours later. The tiny price cut in my mind actually has the opposite effect as intended. Because instead of me noticing your property with fresh eyes, I am now noticing that your think your overpriced property is appropriately or even well-priced, since you’re only seemingly willing to do the tiny price cut. Now I’m assuming you’re a stubborn or out of touch seller, and I’m ignoring your listing completely.