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Would "suggest price" be a positive option for steam?
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Personally I don't think I'd advocate for OP's suggestion, but you could solve the problem by making the suggestion also a commitment for X period of time. If you make the suggestion, and the price drops within 90 days, it automatically purchases it, etc.
And what'd you get? People putting in 0.10. Unfortunately useless, as the poster above said.
You can put in a buy order at 0.1 for a share worth 100. You're dreaming, but you can still do it. Don't think it really qualifies as abusing the system.
potential solution: minimum commitment 10% of original list price?