Chinese LLLL.com bubble!?

[freezer]

Is it a somewhat good estimate that
chinese LLLL.com premiums are at at least $1billion value today?
Unlike Number .coms chinese premium LLLL.com boomed in value in a very short period.
Will they hold their value or is it the biggest BUBBLE ever seen in domains?

Share your thoughts please

 

[joro001]

This is happening because chinese investors do not see "public auctions" They are searching for GD 'expiring auctions"

Thank you I never even thought of that.
Still interesting many of them don't want public auction 4l's IMO but there we are.

 

[metwebber]

I've seen this before in so many other markets... everything is the same - which applies to so much in life.

What were the other markets which you have seen this before ?
Thanks in advance

 

[main]

We are. I've been monitoring sales closely and almost all the domains going for $1500+ are expiring auctions. The public auction listings seem to be having a floor of $1100 approx give or take.

Not quite sure why this is happening at godaddy but that's what i'm seeing.
The floor is certainly moving up though this week overall no doubt about it.
SEDO even a week or so ago were selling for around $1k-$1050 each regularly.

Now today on SEDO ywbn.com - $1200, rfxy.com yesterday $1200 etc.

About the discrepancy between the prices for Chips @ GD Expiring Auctions and Public Auctions... keep an eye on the whois records to see if those high sales at the GD Expiring Auctions are being renewed or transferred out. I am not saying this is the case, but we have to watch out for people who are trying to manipulate the market.

 

[Weber]

As predicted...

A lot of 4L advocates are like the gTLD preachers of last year... and they will blindly walk the march of lemmings off the financial cliff. If generic PinYin domains reach a floor of $5k I will make a video of me eating a shoe while saying "I love PinYin Chips" before every bite.

Good luck. I hear that just about anything other than fine leather is almost impossible to chew.

 

[DomainGist]

Chinese factor is for here to stay.

Tell that to the people who invested in bitcoin at $1200+ after the Chinese started buying them all up, what happened?

 

[djum]

Bitcoin analogy is logically incorrect, but I see your point.

If you can check the daily number of registrations happenning in 4L.net, 7-8N.com and 6N.net.
You'll be amazed. If like you say the trying to full someone with 4L.com, then all this money right now being thrown away.

 

[DomainGist]

If price of LLLL.com goes down, LLL.com will follow, who will want to buy LLL.com at 30K, if they can get LLLL.com for $100. There's 26-36 correlation.

LLL.com will always fare better than LLLL.com, another crypto comparison to make here.... Litecoin was $20 when bitcoin was $800. One BTC was worth 40 LTC.

Now that bitcoin is $300, a litecoin is $3.50. Now one BTC is worth 85 LTC.

If LLL.com is the bitcoin, and LLLL.com is the litecoin, then I'd expect something similar.....LLL.com will hold up better than LLLL.com.

I think the similarities are remarkable. Bitcoin holds up better than Litecoin because one is much more widely adopted and is actually used in real world transactions. Just like LLL.com, where a much higher proportion of those (percentage) are actually in use for developed sites. LLL is the bitcoin, LLLL is the litecoin.

I do think that people should be wary that this is a bubble. Whether the bubble will grow much bigger before it pops remains to be seen, but it will pop eventually regardless. The only thing which could underpin the market is widespread end user adoption. Are these random LLLL.com domains actually being used by end users? Or are they just being traded like a digital currency?

There is a huge end user demand for LLL.com's due to their scarcity. End users are not driving an increase in the value of LLLL.com's...... they were cheap a year ago, if end users wanted these domains they'd already have them by now.

 

[Weber]

..

 

[DomainGist]

Bitcoin analogy is logically incorrect

I think that a bitcoin analogy is possibly the single best analogy that anybody could make. That is precisely what the Chinese are doing, trading domains as a digital currency due to scarcity. Just like the Chinese drove the bitcoin bubble to $1200, they are driving this LLLL.com bubble too. They are attracted to digital assets because its difficult to get money out of China. Economic uncertainty is forcing them to diversify their assets, same thing which drove up gold prices, same thing which drove up bitcoin prices when countries like Greece and Cyprus showed that cash deposits are not safe and the world saw high inflation.

This trade in LLLL.com's is exactly the same as the Bitcoin bubble. Its not a question of 'if', but 'when'. Hasn't this LLLL bubble happened before? Pretty sure prices went pretty high in around 2008 and people invested a lot of money in the belief that they'd keep on rising, may be wrong perhaps some old timers can remember.

 

[DomainGist]

If you can check the daily number of registrations happenning in 4L.net, 7-8N.com and 6N.net.
You'll be amazed.

Why would that amaze me? Seen it all before with speculators when .mobi was the next big thing, seeing it all again now with alternative TLD's, and now the ultra long numerical domains.

The more domains registered today, the more domains we'll see in expired domain lists in a years time. Always been the way, always will.

Expireddomains.net shows 2 million .com's dropped this month alone.

Would it amaze me if this time next year the list showed 3 million dropped .com domains? No, it wouldn't.

There is always something being hyped up, always something keeping the registrars in business, never been any different and this silliness is no different.

End user sales are the only thing which keeps domaining alive. I don't understand where the end user is for the domain 60395789.com..... who would buy that?

Thus, its a bubble, driven by hype like bitcoin.

 

[djum]

Comparing domains and Bitcoins is like do the same with apples and oranges.

LLL will be better than LLLL, but within the range.
What is average price of LLL right now?
What is average price of LLLL right now?
Is LLLL within 26-36 range of LLL? I think so.

You keep looking for similarities, but it pointless, I hope you won't make your decisions based on this similarities, because bitcoins has nothing to deal with domains.

If there's a huge demand for LLL, then they must sell everyday in huge numbers, right?
How many LLL.com were sold yesterday? And more than 1500 LLLL.net were sold yesterday. That's liquidity, you can buy/sell/make profit same day.
I'm looking at Chinese auctions stats and see the whole 8 LLL.com sold since June.
If they are popular, then must be in another galaxy, at least not at Chinese auctions.

Here's more analogies based on your logic.

One guy named Peter went to Harvard and was kicked out for bad grades.
If you names is Peter, don't go to Harvard, or you will follow the way.

One guy nae Adam bought Microsoft stock in 2001, 2 weeks after September 11 happened.
If you name is Adam, I would be very careful with investing in Bill Gates or something bad might happen, and so on.

 

[djum]

End user sales are the only thing which keeps domaining alive. I don't understand where the end user is for the domain 60395789.com..... who would buy that?

Not anymore. I will quote myself from another thread, since there's still people living under the rock and have no idea. Go check all LLL.com sales in 2015 and tell me how many of them was bought by end-users.
I found 1.

As for 60395789.com I will agree, don't see the value in this domain 8N, has 0.

 

[domeen]

I think that a bitcoin analogy is possibly the single best analogy that anybody could make. That is precisely what the Chinese are doing, trading domains as a digital currency due to scarcity. Just like the Chinese drove the bitcoin bubble to $1200, they are driving this LLLL.com bubble too. They are attracted to digital assets because its difficult to get money out of China. Economic uncertainty is forcing them to diversify their assets, same thing which drove up gold prices, same thing which drove up bitcoin prices when countries like Greece and Cyprus showed that cash deposits are not safe and the world saw high inflation.

This trade in LLLL.com's is exactly the same as the Bitcoin bubble. Its not a question of 'if', but 'when'. Hasn't this LLLL bubble happened before? Pretty sure prices went pretty high in around 2008 and people invested a lot of money in the belief that they'd keep on rising, may be wrong perhaps some old timers can remember.

I have to agree
they drive prices up on domains, that actually would not be worth that much.
Like crypto money. there is no real use for it.

 

[DomainGist]

Comparing domains and Bitcoins is like do the same with apples and oranges.

LLL will be better than LLLL, but within the range.
What is average price of LLL right now?
What is average price of LLLL right now?
Is LLLL within 26-36 range of LLL? I think so.

What is your methodology for asserting that LLLL.com will stay within a range of 26-36 with LLL....

..... when you could buy LLLL.com's for $40 to $50 a year ago.

LLLL.com's have increased in price by something like 20x in a year. LLL.com's have not.

The only sensible way to determining a 'range' is to look at historic data. Could you explain your reasoning between a 26-36 range?

 

[Nile Patel]

I am saying CHinese are known for creating bubbles!
I have seen some bubbles in my life. This bubble can go on for long, I am not debating about it.
But currently seems that the $1000 mark is it for 4 letter.coms. Last ones I sold I got $1090 each, but that was pressing hard and I had really nice ones. not the crap some are selling here.

So this is the reason why you crying and saying 4L.com will not rise. I m so sorry i has to admit I bought few of your name it was nice deal i wish i made you laugh that day.
Have you take a look on 4N.com Prices, is it in bubble since last how many years ,and except chinese who going to buy this Number Domains.
You think 4N.com has more value then 4L.com because it is used only in single country trying to be world power VS you think 4L.com has no value because whole world want that name.

 

[domeen]

So this is the reason why you crying and saying 4L.com will not rise.
Have you take a look on 4N.com Prices, is it in bubble since last how many years ,and except chinese who going to buy this Number Domains.
You think 4N.com has more value then 4L.com because it is used only in single country trying to be world power VS you think 4L.com has no value because whole world want that name.

what reason? I am not crying.

 

[DomainGist]

Go check all LLL.com sales in 2015 and tell me how many of them was bought by end-users.
I found 1.

Well I've just found about 7 after looking at about 25 sales..... seems pointless looking at them all considering I've already exceeded your quota by 700%.

Pax.com
Due.com
Obe.com
Qua.com

... etc, etc.

My point was that a much higher proportion of LLL.com's are in use and developed than of LLLL.com's.... there is real end user demand.

Apart from the odd highly brandable LLLL.com, and the odd actual four letter word, for many of them its impossible to find a business or organisation for which it would serve as an acronym.

With an LLL.com its very rare that you can't find multiple organisations which it would fit as an acronym, apart from the very worst of them.

 

[domeen]

There is a saying, if the taxi drivers start to invest into stock market, then its the right time to get out.

in this moment I have to say too many taxi drivers have invested into this market..

make your own conclusions

 

[Nile Patel]

what reason? I am not crying.

Thanks god i m being human able to make some one laugh on me, how many more nice name you want to sale me for that price message me.

 

[djum]

What is your methodology for asserting that LLLL.com will stay within a range of 26-36 with LLL....

..... when you could buy LLLL.com's for $40 to $50 a year ago.

LLLL.com's have increased in price by something like 20x in a year. LLL.com's have not.

The only sensible way to determining a 'range' is to look at historic data. Could you explain your reasoning between a 26-36 range?

It's simple, I'm surprised you never heard of this before.

There's 26 times less LLL combinations. So price for LLL must be 26 times higher, because of rarity. But I give it even bigger coefficient of 36, because nowadays it's harder to find LLL.com, then LLLL.com.

LLLL.com you can find any day, easy to buy, easy to sell, with LLL.com it's more complicated.

Last year LLL.com could be bought for 4-8K, I think, that is perfectly within correlation limits.
And not just last year, this correlation existed for a long time now.