Can low bids lead to less conversions?

I have been reading that bidding ridiculously low on keywords even if you have a good CTR to your landing page can lead to poor conversions to the actual offer you are promoting.

Is this true?

-Nick

 

No way, whered you hear that?

 

I found the answer to the question if anyone else is interested. I got it off of Amit's blog, because the higher spots lead to increased conversions but if you bid low you might end up on the 2nd or 3rd page where conversions are less.

http://www.superaffiliatemindset.com/how-super-affiliates-set-their-bids/