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Post by gobuchul on Feb 1, 2021 18:28:33 GMT
For me this statement is where it all goes wrong with Bitcoin. Yes there is a finite number of Bitcoins, but Bitcoin is a cryptocurrency like any other and there are an infinite number of cryptocurrencies. My view is that Bitcoin is not therefore finite in the way that say gold or silver is, because no one can create a new unique element that is more or less indistinguishable from the original gold and call it 'new gold'. Gold really is limited; there is only one gold and no copies can be made. In a few years Bitcoin will be just one cryptocurrency in a sea of copies and it will gradually revert to its true value. Nil. But you can instead create "a nugget of the purest green". Well, Lord Percy Percy can, but I suspect he is not giving up the secrets of his amazing alchemy any time soon!
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iann
Posts: 105
Likes: 86
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Post by iann on Feb 2, 2021 16:46:14 GMT
Loan #698 has been redeemed, £362K plus probably £60K+ interest
Loan #947 has repaid £132K
Loan #1005 has been redeemed, £316K including interest
Loan #1040 has been redeemed, £183K including interest
Loan #1055 has repaid £322K
Loan #1247 has repaid £283K (split £251K/£32K retail/CBILs resp)
Loan #1264 has repaid £70K
There was a payout of about £18.03 per £10k in AA
Looks like some of the above paid out yesterday but some are dated today, also the repaid Loan #925 (from 29/01/21) was distributed today
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easynow
Member of DD Central
Popcorn anyone?
Posts: 178
Likes: 147
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Post by easynow on Feb 2, 2021 20:48:00 GMT
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Post by elephantrosie on Feb 4, 2021 3:42:47 GMT
Hit the withdraw button on the QAA account. Enter the amount you wish to withdraw. Hit Discounting Options and enter the discount you wish to offer. Hit the Create Withdrawal Instruction button. thanks. i want to offer the least discount if possible. how do i see what is the withdrawal discounts offered by the rest now?
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Post by Ace on Feb 4, 2021 8:29:34 GMT
Hit the withdraw button on the QAA account. Enter the amount you wish to withdraw. Hit Discounting Options and enter the discount you wish to offer. Hit the Create Withdrawal Instruction button. thanks. i want to offer the least discount if possible. how do i see what is the withdrawal discounts offered by the rest now? If you enter a high figure in the discount box an info panel below will tell you what minimum discount is that you can currently exit at. E.g. when I tested a £10 withdrawal 2 minutes ago and entered 1 (for 1%) in the discount box, it said: "At present, based on current invest instructions, you could immediately sell £10.00 at a discount of 0.40% and receive £9.96 of cash. Please note this is a live marketplace so we cannot guarantee this will remain available."
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,057
Likes: 617
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Post by dave4 on Feb 4, 2021 8:30:35 GMT
Make a invest action in Qaa that dos'nt have a withdraw action, it will pop up before you execute the invest action.
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Post by Ace on Feb 4, 2021 8:40:14 GMT
Make a invest action in Qaa that dos'nt have a withdraw action, it will pop up before you execute the invest action. That's fine for determining the discount one can buy at, but elephantrosie was wanting to sell rather than buy.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Feb 4, 2021 9:27:01 GMT
0.2% discount to buy £10,000 & 0.4% discount to sell £10,000
There's a spread, which I still don't quite understand why.
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cb25
Posts: 3,528
Likes: 2,668
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Post by cb25 on Feb 4, 2021 9:28:16 GMT
thanks. i want to offer the least discount if possible. how do i see what is the withdrawal discounts offered by the rest now? If you enter a high figure in the discount box an info panel below will tell you what minimum discount is that you can currently exit at. E.g. when I tested a £10 withdrawal 2 minutes ago and entered 1 (for 1%) in the discount box, it said: "At present, based on current invest instructions, you could immediately sell £10.00 at a discount of 0.40% and receive £9.96 of cash. Please note this is a live marketplace so we cannot guarantee this will remain available." elephantrosie The figures I use below are correct at the time of writing, but are likely to change so please DYOR.
If you do as Ace says - start (but do not execute) a withdrawal action for £10 at (say) 2%, it says "you could immediately sell £10.00 at a discount of 0.40% and receive £9.96 of cash". That tells you where buyers are at the moment, they're offering to buy loans at 0.4% discount (but imo does not answer your question "how do i see what is the withdrawal discounts offered by the rest now")
If you do as dave4 says - start (but do not execute) an invest action for £10, it says "you could immediately invest £10.00 at a discount of 0.20%". That tells you where sellers are at the moment, they're offering to sell loans at 0.2% discount (and imo does answer your question). Problem with this is - you can only determine the depth of the seller queue to the extent of your free cash. The 0.2% discount queue could be £10K long, £50K long,... (Edit: dead-money has just posted above that there is at least £10K on sale at 0.2% discount)
Choices in the above example: -if you're in a hurry, you could sell immediately at 0.4% discount -if you want to offer the same best discount as other sellers, you could put in a withdrawal request at 0.2% discount (but you may be stuck at the back of a very long queue). There is no way to tell how long your withdrawal request will take to complete.
-if you want to offer a better discount to other sellers, you could put in a withdrawal request at 0.3% discount and be at the front of that queue. There is no way to tell how long your withdrawal request will take to complete.
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r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
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Post by r00lish67 on Feb 4, 2021 10:15:57 GMT
0.2% discount to buy £10,000 & 0.4% discount to sell £10,000
There's a spread, which I still don't quite understand why. Is it not just that 0.2% is the highest available discount that anyone is willing to sell at, whilst 0.4% is the lowest available discount anyone is willing to buy at? (I may have this wrong. My brain is particularly fuzzy this morning)
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ceejay
Posts: 975
Likes: 1,149
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Post by ceejay on Feb 4, 2021 10:16:07 GMT
0.2% discount to buy £10,000 & 0.4% discount to sell £10,000
There's a spread, which I still don't quite understand why. There must always be a spread of at least 0.1 because whenever best offer equals best bid a trade is made and the two disappear in a puff of smoke. You will only ever see unresolved bids and offers which necessarily can't be equal.
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Post by Ton ⓉⓞⓃ on Feb 4, 2021 15:18:12 GMT
0.2% discount to buy £10,000 & 0.4% discount to sell £10,000
There's a spread, which I still don't quite understand why. Normally "spread" is the profit that the market maker is taking, so spread really is the wrong term as it's not profit just the gap or gulf between the two, buyers and sellers. Personally I'm a buy at 5 to 8%, Sell at Par.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Feb 4, 2021 20:12:19 GMT
0.2% discount to buy £10,000 & 0.4% discount to sell £10,000
There's a spread, which I still don't quite understand why. Normally "spread" is the profit that the market maker is taking, so spread really is the wrong term as it's not profit just the gap or gulf between the two, buyers and sellers. Personally I'm a buy at 5 to 8%, Sell at Par. Whilst I did buy in at 8-10% in the past and sold at 6% or less, I think if the discount ever returns to 5% or more, then there will have been another 'Friday night email' and the loan book will have turned toxic...
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Post by elephantrosie on Feb 4, 2021 21:02:53 GMT
thanks all. will try
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Post by elephantrosie on Feb 4, 2021 21:14:57 GMT
guys so i went to look at my past withdrawal instructions and i see that i am still getting withdrawals (of very small amount compared to how much i requested) regularly despite withdrawal instructions were placed at 0% discount.
why is AC letting withdrawals at 0% get through before discounted withdrawals?
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