ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Jul 18, 2018 20:39:22 GMT
"Do some BHs know things we don't?" - BHs always know something that we don't.
I am not being flippant.
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TonyL
Posts: 53
Likes: 98
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Post by TonyL on Jul 18, 2018 20:50:11 GMT
I really don't understand this...the current bid level is hardly changing at all. I attempt a small bid which fails. Back on the loans page again the current bid level also still hasn't changed. So it's not like someone beat me to it, as surely I would have seen the level had changed after a refresh. A few more refreshes and it's still not going up.
EDIT - oh, and now the whole site's down again.
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mason
Member of DD Central
Posts: 662
Likes: 640
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Post by mason on Jul 18, 2018 20:50:56 GMT
"Do some BHs know things we don't?" - BHs always know something that we don't. I am not being flippant. It's often tempting to feel reassured when you see some BHs taking large slices of a loan, but it can be helpful to reflect on your worst defaults and whether there were large bids on those too.
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Post by winger on Jul 18, 2018 20:51:53 GMT
After almost 2 hours of clicking to no avail, the damn site is now unavailable again!
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mason
Member of DD Central
Posts: 662
Likes: 640
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Post by mason on Jul 18, 2018 20:54:16 GMT
I really don't understand this...the current bid level is hardly changing at all. I attempt a small bid which fails. Back on the loans page again the current bid level also still hasn't changed. So it's not like someone beat me to it, as surely I would have seen the level had changed after a refresh. A few more refreshes and it's still not going up. EDIT - oh, and now the whole site's down again. Yes, there are probably two issues now, the original one and the one caused by the devs looking into those issues.
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TonyL
Posts: 53
Likes: 98
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Post by TonyL on Jul 18, 2018 20:54:49 GMT
After almost 2 hours of clicking to no avail, the damn site is now unavailable again! You know winger, I bet it's only you and me left...let's synchronise watches.
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m203
Member of DD Central
Posts: 54
Likes: 6
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Post by m203 on Jul 18, 2018 20:56:49 GMT
After almost 2 hours of clicking to no avail, the damn site is now unavailable again! You know winger , I bet it's only you and me left...let's synchronise watches. Yep, I am out. I give up. Good luck!
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hantsowl
Member of DD Central
Posts: 672
Likes: 546
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Post by hantsowl on Jul 18, 2018 20:57:12 GMT
Whatever changes made to fix this problem have simply made the interface unusable. Can we not simply back out the fixes and go back to the previous version? At least we could eventually get a bid in after numerous failures. I don’t see any chance of that happening tonight 😢
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KoR_Wraith
Member of DD Central
Posts: 293
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Post by KoR_Wraith on Jul 18, 2018 20:57:14 GMT
I don't get the enthusiasm, with all the current complaints about quality of security across platforms a loan mainly secured by a pending (ie, not yet and may never be in place) patent seems exceedingly weak. As a small punt the company doesn't seem too bad, although a lot of hype, and little substance. £1,000,000 is a big runway for a company of this size so risk of early default would seem low. I imagine several people are buying in for risk-free instant returns and will hold safely for the short term before dumping on secondary market as the cashflow from the raised funds runs its course.
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mason
Member of DD Central
Posts: 662
Likes: 640
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Post by mason on Jul 18, 2018 21:01:24 GMT
I don't get the enthusiasm, with all the current complaints about quality of security across platforms a loan mainly secured by a pending (ie, not yet and may never be in place) patent seems exceedingly weak. As a small punt the company doesn't seem too bad, although a lot of hype, and little substance. £1,000,000 is a big runway for a company of this size so risk of early default would seem low. I imagine several people are buying in for risk-free instant returns and will hold safely for the short term before dumping on secondary market as the cashflow from the raised funds runs its course. Seems a risky strategy if the patent application, which publishes in a few weeks, turns out not to be worth the hype.
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blender
Member of DD Central
Posts: 5,719
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Post by blender on Jul 18, 2018 21:06:44 GMT
22:00 It's been at £479,316 for some time, but attempts to bid fail. I have a theory that the platform has become sentient, and is objecting to being forced to accept bids past this amount for this borrower. The platform has more sense than the lenders or its supposed master. I'll try again later.
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Post by Deleted on Jul 18, 2018 21:07:11 GMT
2 hours of this and now thrown out of site
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gustapher
Member of DD Central
Posts: 144
Likes: 267
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Post by gustapher on Jul 18, 2018 21:09:26 GMT
I don't get the enthusiasm, with all the current complaints about quality of security across platforms a loan mainly secured by a pending (ie, not yet and may never be in place) patent seems exceedingly weak. As a small punt the company doesn't seem too bad, although a lot of hype, and little substance. Yeah, I'd love to understand the perceptions of people who are investing in this. Note, it's not that I think any of you are necessarily wrong, it's just that we are looking at things differently (perhaps for different reasons). Even if I don't change my mind about this loan I might learn something in the process..... I reckon many are speculating on making money on the SM by holding a few months and then flipping. With so many P2P sites looking completely bombed out right now, the hot money has to go somewhere. Ablrate is one of the few platforms that still looks solid. The fact nearly all loans on the SM can be sold profitably right now without even making an offer makes it a great environment for doing this. The SM shows money is flowing in. Personally I'm going to pass because of the security. I can't really quantify it and because of this I'd be worried about facing total wipeout rather than a haircut if the loan went south. If the security were better or at least more tangible I'd buy-to-flip myself, but with the downside potentially being unlimited the risk/reward feels a little out of whack.
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Post by winger on Jul 18, 2018 21:11:58 GMT
After almost 2 hours of clicking to no avail, the damn site is now unavailable again! You know winger , I bet it's only you and me left...let's synchronise watches. One of my 2 browsers finally accepted the meagre bid (only £600) at last! The other is still erroring out.
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macq
Member of DD Central
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Post by macq on Jul 18, 2018 21:23:38 GMT
In related news ***** announce they are fitting a system in the Abl server room tomorrow!
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