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.com 4L.com Chips are going down due to a scandal

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equity78

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TheDomains Staff
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While talking to a friend from China. We were discussing 4L.com and Chinsese, chip related names. The prices have been coming down for the last few weeks. He told me he spoke to a friend who was a big buyer in China he told me the current LLLL market in China is sinking quickly. This is because a … [Read more...]
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
This is crazy, thank you for sharing!
 
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That's kind of a temporary glitch..!! What percentage of investors might have been affected?🤔

I had thought some government intervention and restrictions as in crypto industry, which would have made the whole scenerio much worse.
 
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Damn. Domains for mortgage. Where can i send mine?
 
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Interesting news, thanks for this.

I have several LLLLs but never heard of mortgaging domains before.
 
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Hmmm. I could use a good 3L or 4L domain. Not really a chip, though. Maybe I can buy a good one on this dip.
Crap. Nevermind, I only have a tiny bit of money to spend. Damn.

I do feel sorry for the Chinese investors though. Getting scammed sucks!
 
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That's kind of a temporary glitch

4L Chips came to rise based on a 'trusted' transfer of value. These domains have mostly been about using a trusted commodity to get money safely in and out from Chinese restrictions.

It's a bit absurd that having a vowel in a 4 character domain makes it any less valued, yet that was the decided upon structure that made a large pool of domains into a narrow scope of domains that had value. (Don't bother pouring the kool-aid and bring up Chinese pinyin and vowels)

Bottom line, if you can't trust the system, then that takes the value out of the commodity.

Think BTC and incidents like MtGox and further regulations.

4L Chips are less trusted than BTC, and this is going to catch the attention of some kind of regulatory authority. So I'm going call that this has permanently damaged the value of 4L chips, and might just further fall to equal the rest of their 4L vowel counterparts.
 
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$15 million is nothing compared to the BILLIONS that have been lost in stock and land and building deals.
Seems like the Chinese millionaires and billionaires put their money into stock, land and building.
then mortgage the crap out of the investments to continue the chain.
Now the banks and government want their moneys and can't get to the moneys.
 
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4L floor prices already dropped 30%-50% from 2017.
 
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What happened to the group that let you borrow against your names I wonder ?
 
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Many Chinese domainers send their LLLL.com, even LLL.com, NNN.com and Pinyin.com to 1618.com for mortgage . . . So currently countless of domainers can’t get their domain names back
Those domains have, for all intents and purposes, been removed from the availability pool, resulting in less supply and the demand will rebound once there are new financing options for scarce LLLL .com chips. That obviously means the value of 4L .com chips will go up.

What happened to the group that let you borrow against your names I wonder ?
intelend.com
lendvo.com
domaincapital.com
etcetera
 
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Interesting. Thanks for sharing.
 
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I don't own any 4 L com and no chips

I have a few 5L & 6L brandable in. com
tho

I'm not a fan of number domains either and there has been a lot of those sold recently it would appear in namebio results
 
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What happened to the group that let you borrow against your names I wonder ?

a person being able to borrow against their domain name portfolio will be a huge emerging market

Domain names are digital land eg digital fields

a person could borrow against a portfolio of actual fields

But a person cannot borrow against digital fields

eg a person cannot borrow against their domain name portfolio yet

But they soon will be able to

and it will effectively be free money because the domain name owner can offer a % ownership of the domain as payment of loan against their domain name or the monetisation of a website using their domain etc plus the value of good quality domains is only going one way and that's up

Domain name pawnbroker 's will be every where soon
 
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& "4l Chips" are supposed to be the most valuable?

thanks
 
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so soon 4.cn will liquidate those LLLLs to cope up their money, which in turn flood the market right? otherwise they lose money both to renew and interest payment/opportunity cost
 
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DigiPawn i saw that advertized on domaining.com
My bet is same guy
 
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Chinese domainers start investing in the crypto industry
 
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I still don't understand why people are buying them at the current price they just keep going down and down. I think the uglies will be worthless soon.
 
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