Offer Made - what next

Quick update: we have given up on the house we bid on, it took over a month to get a proper answer with the promise of a counteroffer, so we are not pursuing it.
But we have started bidding on another house! We're bidding against a lady and I'm wondering: how long do you leave between bids? It's been quite quick and I'm not sure if it's the right thing to do. The bidding started on Monday, and I've upped my offer 3 times already. Is this quick or normal?
 
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