What a difference a year makes, I have seen it quite often in 2020 a 5 or 6 number .com that went for a lot more at auction just one year before.
11226.com closed at GoDaddy auctions in 2019 for $9,280. This year it closed for just $1,513.
2020 has seen far fewer 5N.com sales compared to 2019 or 2018.
CNOT.com was caught at Pool for $500 in 2008, then sold in 2018 for $5,100. The domain name was left to drop and caught at NameJet. It closed at $987.
LushGarden.com was sold for $2,000 in 2018 at BuyDomains, the buyer let it drop and it went for $605.
Big investors call tops and bottoms. Many get caught up in the middle. That’s where the bag holders are made.
Domains are unlike other investments. Often there are niche fads that lure people into irrationality.
At the top of the numeric boom, many wild claims and suggestions were made. Investors put their money where their mouth was, only to uphold the facade.
I am not always negative, but I always call it how I see it. For example, I think short selling is terribly dirty…
I’m not here to short sale domains. I couldn’t if I wanted. But I love to help.
Again, domaining is unique. As it is with .com today, it’s practically ZERO sum! That’s right. .com is unique. If the value doesn’t keep going up and up (in general), for every $ some one makes, someone will lose down the line!
There are going to be successes regardless, even in a down market. But uhh if you’re a macro investor, going ‘big’ I think such the ‘big picture’ WILL affect you in the long run.
Sometimes I am subtle about it. Trying my hardest to say nicely with personal touches: https://www.namepros.com/threads/i-dont-believe-more-number-domains-is-the-answer.926363/
I wasn’t yelling up and down the whole time. I was a silent observer, and only stuck with the bird call at the very top. Look at the dates. How what I wrote lined up at the absolute top.
Pros were buying 7n, 8n, .ws, one guy paid like 12k for 8888.xyz.
I was ‘making fun’ for good reason…in hindsight, that mania looks ridiculous. At the time, almost no one would have listed.
I have a lot of thoughts about the problem and opportunities in regard to domains. It isn’t impossible, but there’s bigger change in perception than many want to believe.
The big picture. It’s grim for the next 1-2 years. We’re seeing everyone ‘scatter’ (as I wrote), right now.
There are 2 elements to consider.
First: where it ends up. This is actually the ‘easy’ part. Things end up where, intrinsically, they should be…
But in the meantime, everything acts irrational as emotions are at play. It’s that ‘meantime’ where everyone loses $ while hardly noticing. They’re holding on with misconceptions of tat ultimate ending.
There is nothing grim, have you ever made any money in domaining? I see your rants all the time but who are you? How much have you made?
I sell domain names every day, the first day of the pandemic lockdown in my town I sold $50,000 in domains.
There are just a lot of people who make comments here and namepros that have accomplished nothing.
Try actually doing something before rambling about the domain industry.
Seems like it’s always those who don’t make any money shout the loudest. Best year I have ever had in the 5 years I am doing this, quite happy.