- Impact
- 2,342
Chaomi today showed a lot of progress with a lot to be observed :
1) 60%+ increase in chips value in 1 day. Did this happen before? NO!
2) The volume traded so far is the largest in the past 90 days, and the runner up is 30% below today! 1200+ names changed hands today so far and the runner up day had 800 names sold. That runner up had a 20% increase in price only.
Volume + Increase means a lot! Its not a strike of luck due to a few sales, we are talking about $150K in sales today so far!
I now firmly believe that the chinese are ok with letting prices drop so that they could suck up for cheap when the right time comes. However, when a large volume is offered, they are afraid to lose the potential and race to win most of the auctions, so we end up with a few bids here and there.
I believe today, at NJ and the likes, domains wont realize the same value as Chaomi, it will be much less, why? coz its not a substantial volume being offered.
1200 names sold today, thats 0.5% of all chips EVER! 1/200 of the total inventory and we're still afternoon!
Think of the patterns differently! its a low volume high margin game. We need to have lower volume offered on that front as every shitty pattern sale kills a lot of short term potential for investors like us holding 10-20 good-great ones!
DONT submit to fear and sell for a loss. I personally, paused buying for 10 days, but effective today I will restart buying patterns!
1) 60%+ increase in chips value in 1 day. Did this happen before? NO!
2) The volume traded so far is the largest in the past 90 days, and the runner up is 30% below today! 1200+ names changed hands today so far and the runner up day had 800 names sold. That runner up had a 20% increase in price only.
Volume + Increase means a lot! Its not a strike of luck due to a few sales, we are talking about $150K in sales today so far!
I now firmly believe that the chinese are ok with letting prices drop so that they could suck up for cheap when the right time comes. However, when a large volume is offered, they are afraid to lose the potential and race to win most of the auctions, so we end up with a few bids here and there.
I believe today, at NJ and the likes, domains wont realize the same value as Chaomi, it will be much less, why? coz its not a substantial volume being offered.
1200 names sold today, thats 0.5% of all chips EVER! 1/200 of the total inventory and we're still afternoon!
Think of the patterns differently! its a low volume high margin game. We need to have lower volume offered on that front as every shitty pattern sale kills a lot of short term potential for investors like us holding 10-20 good-great ones!
DONT submit to fear and sell for a loss. I personally, paused buying for 10 days, but effective today I will restart buying patterns!
