discuss Are you putting money into crypocurrency or nfts that would have gone into domains?

[equity78]

With all the hype and action around NFT's and Crypto some are getting bored with domain names. Someone I have known for awhile in domaining called me and asked if I wanted to buy all his domain names? (Short answer:NO!). I asked him why he was selling, he does not own a ton of domains probably 300 to 400. He said he was bored and his friends some a fair bit younger than him were making a ton in crypto and he felt like he missed the boat.

Perfect example of FOMO (Fear of missing out). He asked me if I thought it was a smart move? Not my call, I said, I don't know your hopes, dreams, responsibilities and liabilities. How about risk tolerance? I don't know enough about crypto and nfts to give that advice anyway. although I feel like that education has become a part of almost everyday.

So are members here taking money intended for domain names and instead switching it out into CryptoCurrency/NFTs?

 

[musiquecomforsale]

You bet I am! There's a reason why I'm willing to part with my domain musique.com (shameless plug) for dirt cheap. The gains in cryptocurrency are unbelievable. Like an old man once said. When it's time to cut your losses, it's time to cut your losses.

 

[FolioTeam]

With all the hype and action around NFT's and Crypto some are getting bored with domain names. Someone I have known for awhile in domaining called me and asked if I wanted to buy all his domain names? (Short answer:NO!). I asked him why he was selling, he does not own a ton of domains probably 300 to 400. He said he was bored and his friends some a fair bit younger than him were making a ton in crypto and he felt like he missed the boat.

Perfect example of FOMO (Fear of missing out). He asked me if I thought it was a smart move? Not my call, I said, I don't know your hopes, dreams, responsibilities and liabilities. How about risk tolerance? I don't know enough about crypto and nfts to give that advice anyway. although I feel like that education has become a part of almost everyday.

So are members here taking money intended for domain names and instead switching it out into CryptoCurrency/NFTs?

Short answer is No.

But I have money spread across different asset classes including domains and crypto, shares, bonds, T-Bills, equity funds, real estate etc. All in different proportions depending on my risk appetite.

Dumping all your investment money in one asset or instrument is one surefire way of making it big quickly or getting wrecked quickly; the latter being the case 99% of the time.

 

[griff]

yes, although i wouldn't consider liquidating any premium .com's - just pass them off to good brokers instead.

every generation gets a "dot com boom" moment & for anyone younger this is it - probably the only decent chance we'll have to secure our futures because even a good job doesn't cut it anymore. do the due diligence, learn risk management etc. and you'll make it in a big way.

 

[jhm]

A portion of projects have done well ...even if 99.99% are trash

Bitcoin sucks. Some stuff being built on Ethereum is decent. No industry like crypto, in terms of gains. Stuff goes to the moon (even the bad stuff)

 

[Mister Funsky]

So are members here taking money intended for domain names and instead switching it out into CryptoCurrency/NFTs?

Nothing...nada...nil...zip

 

[lock]

Just reg fee into encryptmoney.

 

[Grego85]

I'm not going to put any real money into it. I'm open to trading domains for NFTs or cryptocurrency, but that is as far as I go for now.

 

[equity78]

every generation gets a "dot com boom" moment & for anyone younger this is it -

That's a good take, will be interesting to see how it all plays out with NFTs.

 

[MustaAras]

I think domains and Crypto/NFTs are feeding each others. They are not competitors. Since i have started domaining almost all my major sales came through crypto related domain names. To be honest, if cryptos are having their peak time, my crypto related domains are having their highest traffics.

 

[Samer]

Nope.

Nfts remind me of the Dutch Tulip.

Sorry, fellas.

Samer

 

[equity78]

Nope.

Nfts remind me of the Dutch Tulip.

Sorry, fellas.

Samer

A story that wasn't actually true?

https://www.history.com/news/tulip-mania-financial-crash-holland

 

[Blueforever]

Now is probably the best time to buy domains as everyone seems to be focussed on bored apes nfts and crypto.
To be honest, I have made more money in crypto this year than my entire time in domains.
Crypto is just easy money where you don’t really have to work. Domains can be difficult to sell (at end user prices) even if you have a top premium name.

 

[bmugford]

Now is probably the best time to buy domains as everyone seems to be focussed on bored apes nfts and crypto.

I agree, in theory. The problem is in reality I am struggling to find very many appealing investment opportunities.

Brad

 

[Kingslayer]

I am tempted to buy a small amount of Bitcoin (£100), just to see how it all works. I've just been reading a few news articles that from this week people in the UK can now buy crypto through PayPal, so may give it a try some stage, but will never be all in with it (but wish i was a few years ago).

 

[Amit V]

Bought tons of Ada under $1 so dont regret it. Am a hodler and plan to sell in 2030. Now looking for the next low cap with 100x potential.
And I may be totally wrong but have the feeling that crypto & Nft's are interfering with domain sales.

 

[Robin A.]

No thanks Rather diversify: dividend shares, mining shares, REITs, physical gold and silver, domains, and a bit of crypto. The only time I would go all in on something would be if I actually had the funds to buy a below-market value 10+ apartment complex, fully rented out, in a top location.

 

[HexPixel_com]

It really baffles me how people can be this naive and call NFTs "collectibles".

Main aspects of NFTs:

* An NFT is just a pointer - could contain a URL, or just a number used by its smart contract.

* The artwork is just pointed to, it's not on the blockchain. The exact same artwork can be copied without any restrictions, which would be impossible for an actual painting on a canvas.

* The URL may or may not exist for any given length of time either. (Even some NFTs that tried to point to IPFS, actually pointed to an IPFS redirector.)

* No other rights - copyright, moral rights, reuse rights, etc - are conveyed without an explicit contractual transfer. You neither have commercial use rights or any other rights, if it's not in an actual written contract, signed by the artist and you with real ink.



NFTs are nothing more than a URL pointing to a file on a server. Nothing is stored on the blockchain itself, just another scam to make people think that a worthless "thing" has any value whatsoever. In addition, NFTs are good vehicles for money laundering.

 

[Amit V]

You sound salty @HexPixel_com . Missing out on the boat. Jump in before you are left swimming with the sharks. Amazing how ignorant sompe people here are.
Get used to it chum. whether it's .eth or . crypto or .com it the money you get out of selling it that matters.
And anybody touting there is no future in Nft's and decentralized domains are foggies who should be digging theit own graves soon.

 

[-AR-]

I am not selling any domains to get into crypto and I haven't even looked at nft's in detail. Crypto is still relatively new and no one knows the real outcome in 5-10 years but you can make a lot of money if you are lucky. At least .com domains have been through this phase already and in my view arre a safer investment than crypto or nfts. Even the gains will be substantial for the good domains I think.

I am actually trying to get more domains but it seems to be hard as price expectations seem to have really increased for decent domains. Not sure if everything is in a bubble right now including domains.