discuss 10x Your Money In Domains Or Crypto Currency?

[Silentptnr]

A lot of domain investors also invest in crypto currency it seems as of late. I usually feel pretty confident that a domain I carefully acquire today will be a 10x+ my investment including holding time. If say, I were to buy bitcoin today, is it feasible that i would get 10x my money?

 

[Asfas1000]

Buy $10,000 worth domains (lets say 500 mix portfolio of names)

(assuming: industry average is 2.5% turn for sales over $2k)

500 x 0.025 x $2000 = $25,000 per year

Not so fast
- You have to subtract 15-20% for Escrow fees (around $5,000)
- You have to subtract $4,500 for yearly renewals.
- And I doubt you can achieve a 2.5% sell through rate when your selling price is $2,000+ and your domains cost you $20 each.....

 

[wwwweb]

1 Bitcoin equals
10751.00 US Dollar

Wow

 

[dragtastic]

Bitcoin by far would have had a better return over domains in the past year in terms of 1 domain verse 1 bitcoin.

 

[Kuffy]

Bitcoin by far would have had a better return over domains in the past year in terms of 1 domain verse 1 bitcoin.

Not if you registered names like sex.com or lasvegas.com in the very beginning. Timing is everything, and your comment referred to the last year, so what could be best for the next year? Obviously the move away from fiat currencies is gathering momentum, and everything seems to be called "crypto", even if it is a PoS "coin". I think that choosing usable names has a lot less risk than trying to choose the next "Bitcoin". If the token tanks, then you lose your money if you have invested in the token, but if you invested in the name, you can discuss the history and other products and still make money from it.

 

[dgmweb]

Bitcoin is actually pretty easy to acquire.
First off, there are established sites like coinbase, wesellcrypto and glidera which allow for the purchase of bitcoin. Then, there are many forums where you could do a User to User exchange, but usually there is a fee. Then, you can always acquire a domain for example, and sell it for bitcoin. Mining is also an option for users with a large stock of GPUs, CPUs, Machines, etc.

You can also grow bitcoin more easily, investing and gambling are two of the options (I don't condone gambling). Then, bitcoin also extends to many more cryptocurrencies, and altcoins could also make you quite a bit of cash, if you use your time and resources to the fullest extent.

Finally, you could always "cheat" a way to buy bitcoin. Some altcoins allow an option to purchase with paypal (ex. potcoin), then you could go to any trading site (bittrex, poloniex, kraken, etc.), deposit the altcoin and then sell for bitcoin and you got yourself some bitcoin cash.

A quick guide to earn bitcoin.

Yep, loved using wesellcrypto - did pretty good with that method. Amazingly, most profitable alt for me was Doge. Also had good luck with XEM and ETC, and Artbyte seems to be doing well.

Like @Kuffy , I'm also hodling some alts now

 

[dgmweb]

A lot of domain investors also invest in crypto currency it seems as of late. I usually feel pretty confident that a domain I carefully acquire today will be a 10x+ my investment including holding time. If say, I were to buy bitcoin today, is it feasible that i would get 10x my money?

I've learned to never say never - I cashed out when BTC was under $400 thinking it wouldn't go higher. Still made a nice return, but kicking myself for selling off early.

 

[wwwweb]

http://www.businessinsider.com/coinbase-must-give-bitcoin-customer-information-irs-taxes-2017-11


http://www.businessinsider.com/bitcoin-price-gemini-exchange-coinbase-login-issues

 

[SirDrago]

http://www.businessinsider.com/coinbase-must-give-bitcoin-customer-information-irs-taxes-2017-11


http://www.businessinsider.com/bitcoin-price-gemini-exchange-coinbase-login-issues

Poloniex all day long

 

[Kuffy]

HODL means "hold or despair later".

 

[urlurl]

Not so fast
- You have to subtract 15-20% for Escrow fees (around $5,000)
- You have to subtract $4,500 for yearly renewals.
- And I doubt you can achieve a 2.5% sell through rate when your selling price is $2,000+ and your domains cost you $20 each.....

- i don't think escrow fee's are 15-20%, lol
- yes, there are renewals
- that's assumed an average of $20 Some you buy for $1 and Some you buy for $100

its possible: i just sold 3 names over $2k and i paid: $10.00, $8.49, and $19.47 respectively for them this year.

 

[urlurl]

so, will bitcoin prices on items have to kept real time in order to compensate for the rapidly changing prices. LMFAO

Today; the prices went from $10,670, to $9,040 and back to $9,702

 

[xynames]

I just accepted over ten grand (USD), in BTC from a client for services rendered, in lieu of a bank wire, so that should show how committed I am to this currency. I have far more BTC that just the 1+ coin that was sent to me, but still ten grand is not peanuts.

I have been accumulating and holding BTC since 2013, and have no plans to sell anytime soon.

 

[wwwweb]

I just accepted over ten grand (USD), in BTC from a client for services rendered, in lieu of a bank wire, so that should show how committed I am to this currency. I have far more BTC that just the 1+ coin that was sent to me, but still ten grand is not peanuts.

I have been accumulating and holding BTC since 2013, and have no plans to sell anytime soon.

2013 was a wacky year for BTC $xx-$1000, but it was really it's introduction into the mainstream.

 

[xynames]

Interesting that you use that word mainstream. I was just discussing it with a friend and we don’t believe it is mainstream yet at all. Just starting to gain mainstream awareness this month.

 

[xynames]

so, will bitcoin prices on items have to kept real time in order to compensate for the rapidly changing prices. LMFAO

Today; the prices went from $10,670, to $9,040 and back to $9,702

Yes! today when accepting the usd $10,000. my client and I were back and forth repeatedly on how many btc he had to send, it kept changing so rapidly.

 

[xynames]

Okay so let's just think about the difference between bitcoin today and bitcoin in 2013. The first time I accepted BTC from a client, I had him pay me DOUBLE because I told him I couldn't take that kind of risk, and he gladly complied. He paid me about four thousand dollars worth in lieu of an about two grand payment.

Today, the client and I were "arguing" to the fraction of how many BTC he had to send to be equal to $10K.

Four, five years ago, BTC meant so little that people were willing to pay double just to get someone to accept it. Today, we won't let go of any without a fight!

That difference alone, from then, to now...makes a statement!

 

[urlurl]

and since no one wants to use it and just keep it as an investment - doesn't that defeat the purpose of the coin in the first place.

 

[xynames]

"No one wants to use it" - this client of mine just paid me ten grand in BTC, and I accepted ten grand in BTC in lieu of cash.

eh? how you connect those two?
https://www.getyarn.io/yarn-clip/b06fb6bf-0fa9-45aa-9fda-441d360f2dd6

 

[urlurl]

so based on this chart. i looks like less than 1% of people hold 80% of the coins

no wonder the price keeps going up - you guys are making them billionaires, lol

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

 

[Silentptnr]

I don't like these swings with bitcoin. Makes me like my domains.

 

[xynames]

One’s assets should be divided up. Stocks. Bonds. Collectibles/art/jewelry/watches. Collectible automobiles. Airplanes. Yachts. Cash in mattress. Funds in bank. Crypto currencies. Patents and other IP. Businesses. Business inventory such as domains, and tangible inventory. Real estate. Other personal property. Some might have all of the above some might have some of the above. Whatever floats your boat but not all eggs in one basket.

 

[xynames]

The ones who sold at btc 10000 are going to be very, very sorry!

https://getyarn.io/yarn-clip/0cf00bd4-e914-4a7e-86f9-596cf646ffc8

 

[Silentptnr]

The ones who sold at btc 10000 are going to be very, very sorry!

https://getyarn.io/yarn-clip/0cf00bd4-e914-4a7e-86f9-596cf646ffc8

lol

 

[TC27]

You have to decide if you want to be a trader or hold long term.

Long term the price is going up!

 

[lambo.com]

The ones who sold at btc 10000 are going to be very, very sorry!

https://getyarn.io/yarn-clip/0cf00bd4-e914-4a7e-86f9-596cf646ffc8

I think you'll be sorry when bitfinex becomes like MT Gox and the tether scandal comes to light as fake tethers were propping up BTC. See you @ 2k, good luck