discuss 4L CHIPS: Wasn't it the best example of pump and dump?

[Arpit131]

We are all now familiar with the term "PUMP and DUMP" which we daily see in crypto currency markets.

Looking backwards into the time of Chinese premium and 4L domain names reaching $2,500 and then coming back to the floor, don't you think it was the perfect example of pump and dump?

Pumping the price continuously higher and higher and when a peak was attained, dumping it slowing back to the floor price.

 

[Chris Hydrick]

Here's an old DomainSherpa video from November 18th, 2015 titled: Chinese Numeric and Acronym Boom or Bubble? Frank Schilling shares he sold 2,000 4L CHIPS for 3 Million dollars.

https://www.domainsherpa.com/discussion-20151118/

It's interesting to re-watch this nearly two years later in 2017. One Sherpa was even pushing 6N.com's referencing these 60 day old hand regs were selling everyday on NameJet for over $300, and were trading in bulk at a value of $250 each.

 

[Chris Hydrick]

Chinese premium and 4L domain names reaching $2,500

456,976 total 4L.com
160,000 4L.com without A, E, I, O, U, V (Total # of 4L CHIPS)

Price X Market Size = Marketcap

$2.500 per 4L CHIP = 400 million dollar maketcap
$2.000 per 4L CHIP = 320 million dollar marketcap
$1.500 per 4L CHIP = 240 million dollar marketcap
$1,000 per 4L CHIP = 160 million dollar marketcap
$500 per 4L CHIP = 80 million dollar marketcap
$100 per 4L CHIP = 16 million dollar marketcap

I recall around ‘10 or ‘11, Someone was dropping around 4K of this stuff

4,000 CHIPS at $2500 each would be $10,000,000
4,000 X $10 renewal X 6 years = $240,000 in renewal fee's.
Net = $9,760,000

 

[Nem0]

4l domains always were waste of money it is old news.

Sorry but, thats just ignorant.

I’ve sold thousands of LLLL.com over the years and always will. This past month I sold hudn $3800, cwat $1200, wobz $3500, reeq $2500, rubk $1850 and some other smaller sales.

4L with decent letters all have a bright future. 4L chips and such with so-so letters should get a bump up in price again this winter like they have the past two years.

 

[Kuffy]

It's not just digital stuff. Zero interest rates have allowed pump and dump to happen with share prices. P/E ratios rising whilst profits are dropping is counter-intuitive. Then you can look at the derivatives market, and the way that is kept afloat. All of these markets are manipulated. If this wasn't so, then there would be no justification for the limited life Euro to be rising whilst the rosy futured Sterling is dropping.

 

[toughdomains]

dont think it was a pump and dump but these domains were a means of circumventing capital controls of other countries. not something we really have in US but then crypto got popular and it was much easier to liquidate bitcoin than a 4 letter .com so the money shifted there. if anything I personally added some 4 letters to my port and as long as every name you buy is better than your best everyone should have a better port today. Im happy with the attention it got and happy with the names I picked up...thats whats great about domaining no matter the new trend or a new job. there maybe a new job market created with cryptotraders and you can bet the bank that domainers already snagged all the crypto names.. trends come and go but what is certain is every trend past, present and future will need a name to resolve to...and we will be right there waiting for their offers. Domain on! Im still waiting for robots to take over and someone to invent a security system to prevent it...picked up roboticsercurity in king years ago from some guy in france.

 

[.X.]

What began as domainer to domainer sales trend, Turned into some nice end user sales, I sold 35 of my 4L.coms, and wasn't even trying to sell them, All were inbound encounters via my email as well as a few of my sales being by direct phone call inquiry.

I still get a lot of offers on the 212 4L.coms i have left. I have had them 11-12 years now, all hand reges, The 35 i sold were pay dirt for renewal fees for pretty much as long as i want to hold the 212 i currently own.

I am going to hold what i have, I believe that after ALL the dust settles, they will bring in some decent sales.

Only time will tell.

Either way, I have enjoyed owning them, 3 are highly developed, They were fun to chase down and hand reg. It's all good.

 

[wwwweb]

At that time in 2015, I owned about 400 4L.com's, one day after checking my spam box, I started seeing an influx of Chinese language emails, asking about 4L.com, many were the same email for different characters. I would have never seen the aeiouv side of it on my own, but now they were only asking for the domains that did not have those letters. Sure enough, I figured it out on another forum what was going on, I did a quick spreadsheet export, got a highlighter, and started circling which was like winning lotto tickets. Today I probably have about 200 4L.com's left, I sold about 70 of my chips, kept 3 of my untouchables without vowels, but it was a gift, and there was absolutely no other end users out there for domains like ZKXJ etc... The people that owned them for several years knew exactly what was up, as they had the traffic, and inquiries, it was as easy as putting 10 in a bundle, and putting it into escrow, and getting $22K payout in a few days, rinse, and repeat, it was simply amazing, and it came around xmas which was even better.

 

[wwwweb]

Why do you think people who bought these things for $10-100 were quickly selling for $2,000-$2,500, because they knew how many inquiries these things got after years of holding them, zilch.

It was a gift, many Chinese wannabe domainers got left holding the bag on domains that now command about $800.

 

[Kate]

domains that now command about $800.

It's still a lot of money. I mean, they could come down even further. Random LLLL.com were worth $40 not so long ago.

 

[biggie]

the P&D wasn't so much with 4 letters, it was everything after 4 letter.com

like 4 letter .info with BBCC patterns, then 5 letters .mobi, then 6 letters and so on


if you already owned chinesepremium.com before chinesepremium.com became chips, then it's still all gravy

imo...

 

[domeen]

Sad thing is, that all those idiots who bumped those CHIPS are now pushing bitcoin. I mean that will be total disaster. And years from now You can speak about how I bought one bitcoin for $5000.

 

[dordomai]

That wan't the most important point I was making. The most important point was that the change was not due to "pump and dump." but had other reasons.

promises were not kep and unrealistic projections were made which is hype(pump). Then the registries sold as many domains to the market as possible. some even at premium prices (dump)

almost all new extensions are hyped when they come out and the ones that aren't die without anyone noticing.

.xxx followed the same pattern as .mobi. We were told all adults sites will be forced to switch to .xxx,(pump) then sex.xxx was sold for $3 million dollars. (dump)What happened after that? Nothing.

We were told .co would replace .com, (pump), then a lot of .co were sold by the registry and o.co was sold for $350k (dump).

A few years back we were told the new extensions will replace .com (pump), then speculators bought millions of domains (dump)

 

[Rajnish Prasad]

Its a Law of Nature...

Anything which rises has to fall one day when it reaches the maturity level...

But as far as 4L is concerned IMO, there is price fall only related to the CHIPs. So u can say its a steady phase which has come down to a halt.

Since the technology is in rise and recently there was much demand for the VR, AR 4L Domains, so its clearly evident that the non-chips has now taken over the CHIPs and it will continue.

CHIPs boom is over like the Crypto.

 

[dordomai]

4L was not a pump and dump. Some people didnt understand or accept the value of 4Ls so when the market went "crazy" they called it "pump and dump"(Just like when people didnt buy the right names at the right times they come on NP and say "prices are too high"-no, ur timing is just off).

If .com was and is still king how would short names like 4Ls be pump and dump when they are still relevant today and activelyselling? yes prices might not be at their peak now, but thats not odd. prices often go up and down. who says prices wont go up in the future considering supply keeps shrinking?

Am tired of comments like pump and dump and this and that. sounds to me like whining from people who didnt do the right buying at the right time. I didnt either with 4Ls, but am not complaining. they were a good category of domains to invest in. the smart pple are making money, the blockheads r complaining or saying it the chinese who messed it up(how are more investors in domains bad for us?).

IMO Chinese premiums were pumped and random 4L were overvalued.

 

[Adnan Shaikh]

We are all now familiar with the term "PUMP and DUMP" which we daily see in crypto currency markets.

Looking backwards into the time of Chinese premium and 4L domain names reaching $2,500 and then coming back to the floor, don't you think it was the perfect example of pump and dump?

Pumping the price continuously higher and higher and when a peak was attained, dumping it slowing back to the floor price.

Isn't that how everything works now a days

 

[Arpit131]

Isn't that how everything works now a days

Don't know about everything but that is how some low volume/low price crypto-currencies are working now-a-days!
And I could connect to the pump in Chips through that!!

 

[domeen]

Where you not one of those bumpers? Who pushed those 5 letter chip.nets?

 

[SunCityVip]

I recall around ‘10 or ‘11, Someone was dropping around 4K of this stuff...had to quickly grab some and much of the better ones for cheeeeeaaaaap!
I also started getting low offers for bunch of great llll.coms. Might of been the same person/group that let things drop, purposely. Go figure

 

[Weber]

What does 'Pump And Dump' mean
Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.


Read more: Pump And Dump http://www.investopedia.com/terms/p/pumpanddump.asp#ixzz4ve20dgsx

 

[Shams]

Indeed that was a clear practice of Pump and Dump. did anyone notice, Now where are those million dollar budget companies which were established overnight? internet or domains are not new for Chinese, where were they busy last decade. why they didn't notice the value in them. just a few internet articles and over budget sales of chips and here we are. Boooooom. In simple words, the sales of those chip's were Ponzi scheme.

 

[Shams]

It's still a lot of money. I mean, they could come down even further. Random LLLL.com were worth $40 not so long ago.

i bought 85 4L .com in 1 day from Godaddy auction at $10 each.

 

[London555]

Wkii.com This is one we'll hold for a future sale to a company-obviously a play on Wiki.com that has over 1 billion results. Apart from that who knows how to price these after the "pump" .

 

[dordomai]

Well Bags.com was reported to have recently sold for an undisclosed amount. HERE

Not only are they English dictionary words, but there are a lot more .com's regged and developed ending in bags.com and scam.com than a random chip such as cyxf.com.

Do you really not see the difference between English words such as Bags.com and Scam.com and random 4L CHIPS? There's a reason why domains like Bags.com and Scam.com will, should, and have fetched way more than baseline value of 4L.com CHIPS.

no of course do I see the difference.. I meant is it a coincidence that bags and scam are both 4L?

bags --> bag holder

scam and bag holder come to mind when thinking about the Chinese 4L pumps

 

[dordomai]

Wkii.com This is one we'll hold for a future sale to a company-obviously a play on Wiki.com that has over 1 billion results. Apart from that who knows how to price these after the "pump" .

not an expert on 4L but I think price is the same as before unless you sell to a reseller. Prices might have gone down but I don't think that end-user situation has changed that much. I mean if they want it why would they pay less than 2 years ago? if the 4L makes sense they will pay if it is random with no end-user demand it is worth much less.

Does it have lots of type ins?