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Mike Mann has just sold CryptoWorld.com for $194,888.
What are your thoughts on the price?
What are your thoughts on the price?
I think what is throwing your methodology off is that in reality there are many factors affecting domain value which can not be loaded into a mathematical equation. This is why automated appraisal services will never be right.
-Trends change, and sometimes an outlier is a signal for/of a trend change. But math based off previous sales could not reveal this. Only the knowledge of the emerging market could.
-An outlier can easily be a matter of how well the words work together and how desirable that combination is.
-Good domains with high prices don't sell often, so your dataset is not complete enough to draw accurate conclusions. Good domains will almost always appear as outliers if you view it the way you do.
-Many high priced domain sales go unreported. This will limit your dataset as well.
-Also keep in mind the early crypto investors have all made a lot of money from the massive increase in prices across the board in recent times. This puts them in the top tier of buyers with the deepest pockets. Also many can detach themselves from the USD cost of the domain and look at it in BTC and it will look much cheaper to them.
I think what is throwing your methodology off is that in reality there are many factors affecting domain value which can not be loaded into a mathematical equation. This is why automated appraisal services will never be right.
-Trends change, and sometimes an outlier is a signal for/of a trend change. But math based off previous sales could not reveal this. Only the knowledge of the emerging market could.
-An outlier can easily be a matter of how well the words work together and how desirable that combination is.
-Good domains with high prices don't sell often, so your dataset is not complete enough to draw accurate conclusions. Good domains will almost always appear as outliers if you view it the way you do.
-Many high priced domain sales go unreported. This will limit your dataset as well.
-Also keep in mind the early crypto investors have all made a lot of money from the massive increase in prices across the board in recent times. This puts them in the top tier of buyers with the deepest pockets. Also many can detach themselves from the USD cost of the domain and look at it in BTC and it will look much cheaper to them.
I personally would think CryptoWorld would be way more generic than CryptocurrencyMining???It's not "throwing off my formula", that's what I was doing. The formula was that it was highly rare
Well the "formula" is not off since describing what happened IS what it's doing. Happening very rarely is what I mean by "3rd standard deviation" sale. It doesn't make much sense to say that because this DID happen, that it happens often. That's not logical, it's an ignorant argument at best. What I am saying is that seeing such a vague and poorly branded (poor @ $195000) domain is extremely uncommon. To the people making a comparison between "My world" and "cypto world", it doesn't translate over (It's a hastly generalazation). Domain end sales are about brands of course. "MyWorld" was a company that had that as their name that refused to have any other domain. That's not a common occurence relevant to a given name (don't hold your breath that a company wants to buy your boring .com for 195k),and thus not meriting using a case study to uphold a given specific name.
What IS common, is names for 6 figure sales of a more generic presence as we all know. Like CryptocurrencyMining.com for example makes more sense as a 6-figure sale.
I personally would think CryptoWorld would be way more generic than CryptocurrencyMining???
CryptoWorld can encompass the entire segment.
And back to the original discussion - I was basically saying that you will never understand those "outliers", so that is why you are not comprehending this sale. I think your view is too narrow, and there are more variables than you are considering. Not all domains are created equal.
I don't personally see it as an abnormality, but was trying to talk about it as one since you view it that way.
It’s sedo, it has to be thru their corporate payment structureAlso, we don't know if the deal was all cash.
what do all of you see so amazing in selling CryptoWorld for 194k ?
ok, if it is really crypto and not crytpo....
it is hot name now withh all crypto currency craziness
Now, think about that again and ask yourself why. Please don't reply it as I'm not at all interested.you do realize that mm would have sold both the other domains for min half million right?
What's the point of listing all those crypto coins?Hmmmmm,
Ripple
Petrocoin
Bitcoincash
Litecoin
Huobi
Lend Coin
Barter DEX
Big ONE Exchange
Decred.
By gosh, even Parsec Frontiers.
You have any idea what is going on in Crypto World?
It's rather amazing. It really is something else.
Crypto World is an amazing name for right now and the near future at the very least.
Congratulations for certain.
Very true...
That should cover about 25,000 renewals - so that means he only has about 275,000 renewals to worry about this year now.
A lot of people forget about this aspect of managing an insanely large profile of domains.
300,000 domains at (say) $8 a domain = $2,400,000 per year to break even.
That will cover his renewal fees for a few months.
Please do not remind my hurtToo bad the 2006 buyer didn't HODL!
Wait are you saying you are the original owner of CryptoWorld.com ?Please do not remind my hurt
I'm just kidding, but If I am the original owner - it's really hurt :DWait are you saying you are the original owner of CryptoWorld.com ?
Binance is from China, not Japan...I think that the buyer is from Japan. Binance
A few hours before the sale of cryptoworld.com they asked me to sell them my domains
Crypto.Life and Coin.Life
I replied:
Crypto.Life – $39,000 USD
Coin.Life – $4,900 USD
There is still no answer from them.
Binance is from China, not Japan...
Agree with you, maybe JPChina’s bitcoin barons seek new life in Japan and Hong Kong
https://www.japantimes.co.jp/news/2...s-seek-new-life-japan-hong-kong/#.WmD6wqinGM8
Check registration date:
cryptoworld.jp
Created on: 2017/12/31