mikes1531
Member of DD Central
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Post by mikes1531 on Oct 29, 2014 18:38:03 GMT
It would greatly increase the transparency of the buying process if we knew EXACTLY what the steps and criteria were in determining who gets what and how much. And is there a random element and, if so, at what stage does it kick in? I like the automated process but I don't like the black box nature of it. Think I've already posted this, but I'll detail it again. <snip> Thanks for the repeat explanation, chris. My opinion of the new method is that it's a lot better for both buyers and sellers than the old one was. I much prefer buying and selling parts in small bits reasonably frequently to buying and selling parts in large pieces very infrequently for two reasons: it gives me the feeling I'm making regular progress, and it helps diversify my holdings, particularly of relatively small loans where I missed out on the initial bidding. Finally, as others have suggested, it strikes me as a good idea to have this explanation somewhere on the AC website. If it's a FAQ here in the forum then there are bound to be others who don't follow the forum scratching their heads over the same issue.
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Oct 29, 2014 18:55:07 GMT
To start with I only had £20 in T3 (i.e. the minimum bid) I now have a target of £200 and a holding, when I checked this morn, of £70. So does it also give a little more if you're holding is zero or quite low as I am. I missed out completely on T3 -- I think I was on holiday at the time (I can't actually tell because there's no info about auction timing on the website any more) -- but I've picked up a few bits and pieces to bring my holding up to £50.38 now. Well I just flogged of £12.72 of T2 a little while ago to see what would happen. 11 of you got £1 and someone got £1.72. I've not picked up any T2 either. Nor I. My holding remains at Nil. 
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