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Post by coolrunning on Oct 24, 2016 7:00:48 GMT
Bondora says "Primary Market will be removed from the user interface on November 1st"
Wow!
How do you feel about this?
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james
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Post by james on Oct 24, 2016 12:53:50 GMT
A site for bots. Not a consumer investor friendly place. One where the businesses with the most resources to write the best bots will win and the consumers will get the rejects. Close to the opposite of what I want to see and use.
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fric
Member of DD Central
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Post by fric on Oct 24, 2016 13:42:15 GMT
So the idea is to use more of the portfolio manager while at the same time we don't show you the actual default amounts by just showing missed payments instead of the whole loan amount? Just wait a year or two and we will see another huge wave of people complaining that they used conservative portfolio methods and when actually looking at the real default amounts you are loosing money or just breaking even - they have been deceived.  )))) GG Bondora, I mean with everyday this looks more and more like a bad and shady pay to click site. |
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JamesFrance
Member of DD Central
Port Grimaud 1974
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Post by JamesFrance on Oct 24, 2016 14:13:00 GMT
I don't suppose there were many investors still investing manually on Bondora so they just decided to finish with it.
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fric
Member of DD Central
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Likes: 80
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Post by fric on Oct 25, 2016 7:08:35 GMT
I don't suppose there were many investors still investing manually on Bondora so they just decided to finish with it. But how did the API option work? Did it work regardless of primary market page? Well, there are still quite a few who uses it and bondara is forcing to use portfolio manager instead - to increase deposits and hide their bad debts better.
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parisingoc
Member of DD Central
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Post by parisingoc on Oct 25, 2016 9:44:38 GMT
Close to the opposite of what I want to see and use. More tellingly perhaps, close to the opposite of the place where I started my P2P voyage: when the MD emailed back immediately; when the borrower would post their own message saying why they wanted the money ("To start a Sleigh Ride Business"!); when the declared goal was to provide an alternative space to the institutions, etc, etc. If any of the original players are still there, I hope that, when presented with their past declarations, they see how much they have lost and how similar the reflection in the mirror that now looks back at them is to the picture they sought to replace. Shame on them.
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Post by rahafoorum on Oct 25, 2016 17:06:56 GMT
But how did the API option work? Did it work regardless of primary market page? Well, there are still quite a few who uses it and bondara is forcing to use portfolio manager instead - to increase deposits and hide their bad debts better. API works without primary market. It's a separate solution. Not that you'd get much investments through that either, unless you fully fund the loans you're bidding for. Bondora is not forcing you to use Portfolio Manager. You always have the option of finding a better place for investing your money.
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Post by soereng on Oct 30, 2016 10:28:38 GMT
But how did the API option work? Did it work regardless of primary market page? They say that the API will be still supported. As this is the only tool available to have a well defined, electronic access to reports and other functionality I suppose that won't kick it. Otherwise professional investors will be gone. Could be of course that they reduce bidding functionality from the API, but as somebody else said, there seems to be only little activity at all for the manual interface, so I can understand they kick it. Soeren
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Post by kilozulu on Oct 30, 2016 12:12:04 GMT
According to Bondora statistics manual investing was 11% of total, API was 6% only. Strange why B did not kill API first, as smallest contributor to volumes.
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fric
Member of DD Central
Posts: 200
Likes: 80
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Post by fric on Oct 30, 2016 16:55:10 GMT
Ofc, API still was sort of an advanced method, some might say hard... As I said - removing primary market gets them more portfolio manager users who find the API solution too hard (or don't know about it) and will foolishly dump money into portfolio manager for long term. And in the meantime hoping that showing that they have only 1-5% of total money in default (while in reality it could 50%) will keep the influx of money coming.
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Post by coolrunning on Oct 31, 2016 7:44:30 GMT
The problem for Bondora was that we were using the Primary Market to select only EST loans and the Portfolio Mgr did not have enough. So it had to go.
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))))
