gustapher
Member of DD Central
Posts: 144
Likes: 267
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Post by gustapher on Nov 8, 2017 23:26:39 GMT
I don't want to escalate things, but I don't really see how else to word this. Yes, of course, opinions are not always necessarily wrong. However in this case those opinions have, with the benefit of hindsight, actually been proven to be wrong. This is important for investors to be aware of if the same people come back on in three months time and express identical opinions the next time the SM builds up. As somebody who likes the par only market at MT and voted for no change, can I point out that you are mistaken. One of the arguments for variable pricing is that a par only market tends to swing from feast to famine and finds it very difficult to be stable anywhere in between. What happened with the MT market? It went from feast to famine. If anything, I'd say those who argued for variable pricing were proved right. Of course, there are many arguments for a par only market (as there are many for variable pricing). They both have advantages and disadvantages. If you want to read all the arguments, there's a whole thread worth of posts for you to enjoy. I'm very happy with MT's market, just as I'm very happy with eg., Funding Secure's variable priced market. They both work well for me for different reasons. I think we are talking at crossed purposes because I completely agree with everything you have written including your position on the at par market. My issue was the people posting about 'ponzi' schemes, the collapse of P2P, that the SM is permanently broken, that if you buy a certain loan you will never be able to sell it etc etc. Basically people fear mongering without evidence and making liquidity issues worse. I have no problem with them posting that opinion once and being wrong. However this has happened twice with the same posters in a 6 month period over 2 waves of liquidity. I'm trying to point out to people to watch out for this and to fight their natural instinct to panic and, if they feel comfortable, use it as a buying opportunity. At best these posters are overly emotional and amateur in their approach. At worst they are deliberately manipulating the secondary market for personal reasons. I do not buy the position that posts on this forum have no impact on the platforms - even big ones like Lendy. These are small markets. I'm not making any argument for or against an at par market. I'm interested in the causes of the swings in liquidity, the motivations of people incorrectly commenting on the nature of those swings (i.e. that something is permanently broken rather than being a temporary swing) and finally the opportunities this presents to forum members who can read between the lines and invest accordingly.
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Post by GSV3MIaC on Nov 9, 2017 10:03:40 GMT
My issue was the people posting about 'ponzi' schemes, the collapse of P2P, that the SM is permanently broken, that if you buy a certain loan you will never be able to sell it etc etc. If you'd like to name/shame said people and posts (by PM, if you don't want to go public) I am sure the moderators would be interested in looking at it .. and MoneyThing has already commented on here about people saying one thing and doing another, so I suspect they'd be interested too (if it is, in fact, MT you are referring to). I read most of the posts on this forum, and several others, and the name(s) in question don't exactly leap out at me - although I can think of a couple I'd rate as 'overly negative' and a couple more at the other extreme (that's the problem with moderation .. always caught between the two poles).
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Post by Deleted on Nov 9, 2017 10:17:04 GMT
Are they Polish?
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btc
Member of DD Central
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Post by btc on Nov 9, 2017 12:46:06 GMT
£13k at 13% in Newcastle loan available now
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markb
Member of DD Central
Posts: 73
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Post by markb on Nov 9, 2017 13:20:38 GMT
£13k at 13% in Newcastle loan available now Now up to £85k across 10 loans
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guff
Posts: 730
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Post by guff on Nov 9, 2017 14:04:48 GMT
£13k at 13% in Newcastle loan available now Now up to £85k across 10 loans About £50k of that was down to FPAA446 about 20 hours ago.
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dermot
Member of DD Central
Posts: 863
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Post by dermot on Nov 9, 2017 17:12:32 GMT
My issue was the people posting about 'ponzi' schemes, the collapse of P2P, that the SM is permanently broken, that if you buy a certain loan you will never be able to sell it etc etc. If you'd like to name/shame said people and posts (by PM, if you don't want to go public) I am sure the moderators would be interested in looking at it .. and MoneyThing has already commented on here about people saying one thing and doing another, so I suspect they'd be interested too (if it is, in fact, MT you are referring to). I read most of the posts on this forum, and several others, and the name(s) in question don't exactly leap out at me - although I can think of a couple I'd rate as 'overly negative' and a couple more at the other extreme (that's the problem with moderation .. always caught between the two poles). No specific posts, but I do feel that some of the targeted negativity rampant on the LY forum is spreading a bit. I suspect some of the more hysterical conspiracy outbursts may have led to several platforms announcing their partial disengagement with the forum, which I regret. Interesting that The Things picked up on the disparity between statements and actions of some members.
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