- Impact
- 5,506
I'm writing this to let others know what they're letting themselves in for when it comes to GD expired auctions, and being up against the Huge Domains bot on GoDaddy, which is usually bidder id 913932.
For a while I thought the Huge Domains bot that runs rampant everyday worked against a predefined list of domains to go after. I assumed it had a set list every day and it would bid up to 9-12% of the GD valuation.
This assumption was wrong! As I discovered a while back.
The HD bot is actually working by piggybacking of the research and effort put in by us human investors and then simply placing bids based on that, using a typical 9-12% range of the GD valuation to do so.
I've known for a while now key ways to help me identify when it is the HD bot that I'm up against on a GD expired auction.
Today, I bid on two domains that had just 1 bid and less than 30 minutes remaining. I already knew due to it having 2 bidders the HD bot would love to come out and play!
In my opinion this is not a fair playing field at all.
You as an investor most likely spend a fair amount of time researching domain names before you place a bid. All your time and effort is now being put at risk, or causing you to overspend on your inventory, simply because a bot with seemingly endless funds can watch what is going on at the auctions at all times, and piggyback of the effort you've put in on a day to day basis to browse the lists and research.
I advise you to really think before placing a bid on a domain that currently has no bids. I think if there is a domain you're really after, you actually have better luck of getting it for $11 or less at closeouts. If you wait for the auction to finish, and then keep checking very frequently until it appears again as a closeout.
Hypothetically speaking, with this knowledge at hand, I suppose it is possible for someone to lure the bot in on purpose and drive up prices to make it overpay on purpose. Hypothetically if this were to happen enough, this may make them reconsider what they're doing.
Again, purely hypothetical.
If you think a bot and a company that profits from the work of others is a fair playing field then in my opinion you are wrong. It is wrong.
These sort of bots need banning from any and all types of auction places.
For a while I thought the Huge Domains bot that runs rampant everyday worked against a predefined list of domains to go after. I assumed it had a set list every day and it would bid up to 9-12% of the GD valuation.
This assumption was wrong! As I discovered a while back.
The HD bot is actually working by piggybacking of the research and effort put in by us human investors and then simply placing bids based on that, using a typical 9-12% range of the GD valuation to do so.
I've known for a while now key ways to help me identify when it is the HD bot that I'm up against on a GD expired auction.
Today, I bid on two domains that had just 1 bid and less than 30 minutes remaining. I already knew due to it having 2 bidders the HD bot would love to come out and play!
In my opinion this is not a fair playing field at all.
You as an investor most likely spend a fair amount of time researching domain names before you place a bid. All your time and effort is now being put at risk, or causing you to overspend on your inventory, simply because a bot with seemingly endless funds can watch what is going on at the auctions at all times, and piggyback of the effort you've put in on a day to day basis to browse the lists and research.
I advise you to really think before placing a bid on a domain that currently has no bids. I think if there is a domain you're really after, you actually have better luck of getting it for $11 or less at closeouts. If you wait for the auction to finish, and then keep checking very frequently until it appears again as a closeout.
Hypothetically speaking, with this knowledge at hand, I suppose it is possible for someone to lure the bot in on purpose and drive up prices to make it overpay on purpose. Hypothetically if this were to happen enough, this may make them reconsider what they're doing.
Again, purely hypothetical.
If you think a bot and a company that profits from the work of others is a fair playing field then in my opinion you are wrong. It is wrong.
These sort of bots need banning from any and all types of auction places.
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