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?

 

[Jasonn]

Bitcoin is being manipulated to make a small group of people rich. You're all just pawns in this game. Best of luck.

 

[wwwweb]

Bitcoin is being manipulated to make a small group of people rich. You're all just pawns in this game. Best of luck.

Isn't that with anything in life, the whole point of crypto currencies was to be decentralized from this type of manipulation. It has always been said bitcoin has to few large holders controlling a large %, and that ratio needs to shift out.

 

[Jasonn]

Isn't that with anything in life, the whole point of crypto currencies was to be decentralized from this type of manipulation. It has always been said bitcoin has to few large holders controlling a large %, and that ratio needs to shift out.

Have you read this?

https://www.cnbc.com/2018/01/23/one-person-caused-bitcoin-to-spike-from-150-to-1000-in-2013.html

Its different this time I don't claim to know what is going on with it but it seems quite possible that a few parties are driving the hype and the price jump and once they get out, every regular joe will be left holding the bag.

 

[alcy]

Isn't that with anything in life, the whole point of crypto currencies was to be decentralized from this type of manipulation. It has always been said bitcoin has to few large holders controlling a large %, and that ratio needs to shift out.

exactly

but the fun doesn't stop here.. not only few people control most of it, but who they are (or what they are... for all we know they could be aliens lol) is also a complete mystery.

to me that's a recipe for destruction. eventually. let's hope some people can ride the lows and highs and make themselves some nice money.. though whether we like it or not, like always in life, we all know that casino winners are always fewer than casino losers.

 

[MackieMesser]

Maybe I mentioned it before, but right now there are good opportunities to "bet on the right horse". It is speculative and I'm convinced that some cryptoassets will make it past the next couple of years, but the majority will die, maybe including Bitcoin.

Cryptoassets with a real world usage have good/better chances to make it, but in the end no one knows. I currently like the idea behind SportyCo (formerly Sportyfi): https://sportyco.io/

This can really be something if (many ifs like in every business startup)...

 

[xynames]

It’s usually after most have given up and booked losses or small profits that the stock (or in this case crypto) is taken back up.

Another way to look at it is - whenever a stock has fallen that far that fast - it is bound to go back up.

 

[NameOmnia]

Cryptos are all down..I mean DOOOOOOOOOOOOOOOOOOOWN

 

[wwwweb]

Cryptos are all down..I mean DOOOOOOOOOOOOOOOOOOOWN

Yes, bitcoin crossed into 7’s, seem to make new lows, rebound, then sell off again, they will keep doing this until they find a range, unless you can afford to lose, best not to catch a falling knife.

We as domainers play off the technology aspect, given when prices are high so are sales of domains. The exchanges will continue to do well based on continued trading, but going back how much prices are up in past 3 months, many such coins could drop by 50 percent, and still be up considerably in the 3 month charts. Many coins are still up several hundred percent just over past 3 months. Given many of these coins have no assets, of earnings outside their usage value understanding their true value based on billions upon billions of dollars of market cap is still a learning curve, especially given how many are still entering the market place.

Sold a pretty crappy coins + keyword .com to Chinese buyer today for $2,xxx, the space is still fluid, hopefully the market end finds a base, and builds off it. When every 19 year old on YouTube is a crypto expert maybe the market matured to quickly.

Insiders who own large percentages are probably the key to further declines if they start putting some insurance money on the sides. It would be hard fought to find buying into such large sell blocks.

 

[D Haynes]

Heard on the radio today that the main credit card companies in the UK will not let you buy crypto with them anymore as people are getting into debt they can repay.

 

[wwwweb]

Heard on the radio today that the main credit card companies in the UK will not let you buy crypto with them anymore as people are getting into debt they can repay.

I could see people going all in, losing their shirt, and defaulting on credit card debt, as all their money is wiped out. Many exchanges limit credit card deposits though.
Lots of accounts are catching up in verification now due to Xmas backlog, but the late comers, and hodl’ers are getting slaughtered right now.

LTC showing strength today

Traders are just working the strong ones, then Moving to weaker, rinse, and repeat. China keeps hindering the markets also. Big bro, and regulators tightening the screws.

 

[NameOmnia]

I think the rest of Europe is allowed to pay by CC..probably cards in the UK are similar to the US ones which are more like a personal loan.

They will go back up for sure but I think we have to keep an eye on the new technologies that are appearing in the blockchain - crypto world like the ST20 which, imo, is a game changer

 

[wwwweb]

I think the rest of Europe is allowed to pay by CC..probably cards in the UK are similar to the US ones which are more like a personal loan.

They will go back up for sure but I think we have to keep an eye on the new technologies that are appearing in the blockchain - crypto world like the ST20 which, imo, is a game changer

Most US banks banning cc payments also now for cc, I believe discover is still allowing not 100%, it was working well in past, but not so much in negative market when losses are mounting quickly.


Will take a disruptor like amazon to accept payments as most have dropped btc, negative headlines dominating for the time being.

 

[NameOmnia]

Most US banks banning cc payments also now for cc, I believe discover is still allowing not 100%, it was working well in past, but not so much in negative market when losses are mounting quickly.


Will take a disruptor like amazon to accept payments as most have dropped btc, negative headlines dominating for the time being.

I have never been a BTC for many reasons and I have always been quite vocal about it but I do believe in cryptocurrencies and blockchain. I think they have a future and we are just at the very very beginning of it but there is really no way to predict how everything will unfold.

Most of what has been built around crypto was based on btc and it is quite obvious that there are repercussions down the line once the hype around btc disappears, which is what's happening right now imo.

BTC is already light years behind the new currencies and technologies, we just need the rest of the crypto world to catch up.

 

[Dominic Belley]

I feel for the people who got in at $19.5K
But at the same time, they knew BTC is like gambling. Win big, lose big.

 

[alcy]

yes its a shame.

I got in on trx at ~15 cents
600$ total
I'm out $500 now by today prices!

I am still confident to at least get my money back one day.

now I've no choice but to wait.. no point in selling and trx can't go much lower now anyway

somehow I do not see trx in same price range as say dogecoin etc.. going below 1cent and oscilating between 0 and 1 cent for a year or months.

 

[alcy]

haven't been following coins for long time.. but have there been other downs like this all across all coins .. for this kind of time period... and this kind of % drops.. or this is first of a kind situatio now???

 

[NameOmnia]

I don't see much difference between crypto and domaining; they are both highly speculative and high risk investments and with both no one should invest the money the cannot afford to lose.

 

[alcy]

I don't see much difference between crypto and domaining; they are both highly speculative and high risk investments and with both no one should invest the money the cannot afford to lose.

yes... both are sort of gamble.. but so is going to casino or buying lotto ticket.. but.. there are differences imo in each... the good thing imo about domains which you do not get with other gambles is that u have 1 year to try and sell. it goes by fast.. but not as fast as a roulette spin in casino or btc that can go from anything to anything overnite.

 

[MasterOfMyDomains]

Lots of difference, its all speculating but no one can manipulate the price of every extension at the same time the way crypto is. There is billions of civil money in crypto, people are freaking. Mortgage payments are due
If litecoin hits 180$ again(having doubts) I will be even. But the value of my portfolio investment is not dropping so fast I want to dump it.
Iknow, the crypto kid told me "it happens every year at this time" "we have lots of time"
uneducated investors following the herd. What comes first a 5k bitcoin or 10k bitcoin?

 

[alcy]

Lots of difference, its all speculating but no one can manipulate the price of every extension at the same time the way crypto is. There is billions of civil money in crypto, people are freaking. Mortgage payments are due
If litecoin hits 180$ again(having doubts) I will be even. But the value of my portfolio investment is not dropping so fast I want to dump it.
Iknow, the crypto kid told me "it happens every year at this time" "we have lots of time"
uneducated investors following the herd. What comes first a 5k bitcoin or 10k bitcoin?

good point.. market manipulation can't really be an issue for domains.. unless some rare ngtld cases.. fake sales or what not.. but even then, not to same extent as btc or other currencies.. where some couple people can hold 90% of a coin, and in some cases be totally anonymous while holding it too!

can there be anytning more destructive to a market than a bunch of people who hold most of its value, and can in a completely anonymous way conspire to manipulate values. btc kind of allows just that.

 

[wwwweb]

good point.. market manipulation can't really be an issue for domains.. unless some rare ngtld cases.. fake sales or what not.. but even then, not to same extent as btc or other currencies.. where some couple people can hold 90% of a coin, and in some cases be totally anonymous while holding it too!

can there be anytning more destructive to a market than a bunch of people who hold most of its value, and can in a completely anonymous way conspire to manipulate values. btc kind of allows just that.

I wouldn't call it market manipulation, valuations were pretty rich just based on assumptions, and promises.

There will be a lot of parties trying to keep crypto currencies out of mainstream banking streams, It doesn't look like anyone is coming to the rescue right now, lower lows, bitcoin is just hovering at $7K, Bitcoincash just swooped into $9xx range, Ripple is still up 3X since Xmas, NEO took a huge hit also.

Where the market sinks to, who knows, I would keep an eye on market caps, and the best of breed should bounce back quick. Maybe this is the good side of domaining, have $xx-$xxx invested into crypto domains, your downside is limited, but there were many buyers after xmas who got fed this HODL crud, and are wishing their accounts never got verified today. The credit has been got off by the credit card companies, so that will slow some of the buybacks, as some will be looking to dollar cost average. Right now it costs nothing to watch it, and wait, best to let all the fear, and news sweep thru the marketplace, before running into this burning fire right now. I am sure many are going to get forced sold into margin calls, they can't cover. Seems to be going down, just as fast as it went up. Exchanges should do really well with minimal balances left in accounts, and some investors will never come back. I saw CEX.io just sent out an email about Storage fees, and will consider accounts abandoned after 6 months, and will charge daily storage fees, effectively stealing user balances. Really this should be 1-2 years, 6 months is like vultures circling, shame on CEX.io.

 

[lambo.com]

Anyone buying bitcoin?

 

[NameOmnia]

Anyone buying bitcoin?

NOPE only ETH to exchange

 

[Keith]

Most of these posts are comical. You all realize that about 6-7 months ago btc broke $3k for the first time. It’s still more than double that.

The crypto market is going to skyrocket in 2018 as regulations get put into place and traders gain more confidence. If you think blockchain tech and decentralized currencies are going to vanish then you’re sorely mistaken. This is just the beginning!

 

[alcy]

Most of these posts are comical. You all realize that about 6-7 months ago btc broke $3k for the first time. It’s still more than double that.

The crypto market is going to skyrocket in 2018 as regulations get put into place and traders gain more confidence. If you think blockchain tech and decentralized currencies are going to vanish then you’re sorely mistaken. This is just the beginning!

so its btc 1million this yr?