- Impact
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Just because one week went slow on buying domains, it does not mean that anything is wrong. Remember, this is a market where up's and down's will always be there. We should not decide anything based on daily/weekly results. Our domains are registered for 1 year. So we have 1 full year to capitalize on our investments.
Chinese are long term investors. Once they have started investing in domain names, they will continue to do so for the next 2-5 years(unless something drastic happens). They have pulled out their investments from stock market and they are done with it. Now, they are investing in domains and they are prepared for long term business, not just 5-6 months.
I personally believe that its just a start. Prices are going to up for sure for all the major extensions, sometimes fast, sometimes slow but direction/trend will be upward. We are in Nov., come April and then check this thread and current prices again and compare with April,2016. You will know what I mean.
Guys, Hold your Investments. Think this way:
If someone has bought 100 .biz domains for $4 each. So total cost: $400. Once the buyout happens and the floor price on the lowest side just touches $20 each, total sales would be $2000. Net profit: $1600. We earn 500% profits.
Therefore, profits are there to be made for sure.
For those who panic very easily, I suggest them not to come online for the next 4-5 months and log in on 1st April,2016 when you will see your chips prices have soared like anything.
FINAL ADVICE: Just Watch this Domain Game,
Don't get Thrilled when prices go UP,
Don't panic when prices go DOWN,
Sell only when you want to buy yourdream CAR
Post by @martworld
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