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Post by goldservice on Sept 26, 2015 10:19:15 GMT
Alas, the excitement that we have lost - under the new fixed rate regime there are several highs that we shall no longer experience:
* No longer chasing lots of loans in the hope of landing an early closer
* No longer renewing our bids as the rates slowly tumble, rapidly making dozens of £20 bids
* No longer refreshing our Watchlist and seeing ‘Ended’ appear in the Time Left column, eyes panning left to check if we still had bids on that loan, then scrambling to see how many bids and at what rate …
* No longer bidding blindly near the end of an auction, guessing how far behind the totals are, refreshing frequently, bidding rapidly …
Any more?
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SteveT
Member of DD Central
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Post by SteveT on Sept 26, 2015 10:24:42 GMT
No longer needing to "take this call outside" the meeting room to log into the dying minutes of a particularly juicy auction.
No longer the occasional satisfaction of finding, on clicking to see why your bids placed last night haven't dropped out yet, that it closed early with your 14.7s still clinging on by a whisker.
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Post by GSV3MIaC on Sept 26, 2015 19:16:48 GMT
No longer sticking in £20 at 15% (in the sure knowledge it'll drop out) just so you can review the loan at some future date.
No longer having some loan parts at enough above market rate that you are fairly sure you can unload them without a loss when you want to.
No longer wondering whether your AI system is correctly guessing the bid rates during the frantic closes of auctions.
No longer being purveyor of "choice, well above average rate, loan parts" to those willing to pay a markup to get 'em. (thanks, customers!)
No longer moaning that 0.1% bid steps are just plain ridiculous, and responsible for a lot of the issues. Ooops, wait, LC are using 0.05%. 8>.
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Post by goldservice on Sept 28, 2015 9:22:16 GMT
We should spare a thought for GSV’s poor Biddy who will no longer enjoy certain conditional pathways through her code.
And we should also remember the unknown number of other bots that will now languish unneeded or will labour in Fruitless Computation.
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Post by GSV3MIaC on Sept 28, 2015 12:07:50 GMT
Yep, I guess a good 50% of the code is now redundant .. whether I can be bothered to trim it out remains to be seen. If not, I am in good company - I estimate 50% of FCs webpage HTML/Javascript is also redundant. 8>.
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Post by goldservice on Oct 16, 2015 14:02:17 GMT
A rare one: no longer getting the purple box that rejects further bids - ‘check that you have funds’ etc - and then slowly realising that the reason why bids won’t go in is that the auction has finished - early - three cheers!
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acky
Posts: 481
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Post by acky on Oct 16, 2015 14:09:33 GMT
A sexist one: No longer asking your wife to delay the dinner while you deal with "an urgent support call from a client"
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ablender
Member of DD Central
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Post by ablender on Oct 16, 2015 19:47:32 GMT
I do not like any system that pretends to be open but then restricts the free market value. I prefer a system where it says that it is dictatorial and acts like one. At least you will know were you are. I still cannot understand how people prefer to buy the new A+ loans at 6 - 8.3% and not buy from the SM with rates going up to 9+%. Something tells me that these people might have other things on their mind such as trying to show that they were right to support the new FC system.
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jimbo
Posts: 234
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Post by jimbo on Oct 19, 2015 9:03:24 GMT
Many of the folks using autobid have probably not even noticed yet.
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blender
Member of DD Central
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Post by blender on Oct 19, 2015 9:53:34 GMT
A good case for using Occam's razor here, and on the basis of accepting the hypothesis requiring the fewest assumptions, I go with Jimbo.
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Post by loanstar on Oct 19, 2015 17:17:40 GMT
Some fun still available. Who is going to ask Foaming Cracks why are loan part purchases still called bids when its not an auction anymore? Should it now be auto select?
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blender
Member of DD Central
Posts: 5,719
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Post by blender on Oct 19, 2015 19:01:39 GMT
Some fun still available. Who is going to ask Foaming Cracks why are loan part purchases still called bids when its not an auction anymore? Should it now be auto select? I would have said that they were still bids because the loan might not fill, but since they started filling the SME loans that no longer applies - as you say.
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Post by aloanatlast on Oct 22, 2015 14:32:19 GMT
One thing that's just like old times, when an E comes round, is watching your bids go into an "auction" and then watching them get knocked out again as the system catches up with itself, which goes on for ages after the bidding is closed. And then checking back 15 minutes later and finding that a couple more of your accepted bids have mysteriously been unaccepted.
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mikeb
Posts: 1,053
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Post by mikeb on Oct 22, 2015 19:04:51 GMT
Not just E's -- I've not bothered with any E's yet, but been "unaccepted" for a couple of the B-C-D's -- my bid was posted as "Successful!" and shown as a holding, but returned after close.
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Post by aloanatlast on Oct 23, 2015 6:43:10 GMT
In yesterday's E, when the music stopped, they were showing £25320 accepted (£300 too much), £3580 rejected. 15 minutes later this had been adjusted to £25020 accepted, and £4280 rejected, £700 more. Bids had been pushed out. But the back of the queue hadn't moved - the last few winning bids and first few losing bids were the same. And the number of winning bids hadn't changed. This is high-class fiddling.
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