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

 

[discobull]

I had accumulated a half dozen Chinese premium 4-l domains over time and had all of them listed on 4.cn in addition to the usual marketplaces. After a couple of years of having them up for sale, I'd received exactly 0 offers on all of them. Suddenly, I started receiving multiple offers on each on almost a daily basis from resellers. I ultimately sold them for what I think is a good price and I'm happy to be rid of them.

Will the people who bought them from me be able to sell them at a profit? Possibly, but these seem like super long-term holds and I don't see much sign of them selling at high enough prices to end users to warrant the kind of frenzied buying that's going on with them among resellers. I'm much happier to now have the cash to reinvest in better domains with potentially higher ROI's. To me, buying every domain with random consonants without establishing that there's a demand for the specific combination of letters in each of those domains just seems like gambling and a great way to lose money. It's one thing to do that for $10 to $50 each but $500 to $1000 each? Hmmmmm...

 

[djum]

It's one thing to do that for $10 to $50 each but $500 to $1000 each? Hmmmmm...

You forget about the people for whom $500 and $1000 like $10 and $50 for you.
And there's plenty of those in China, country reported having 700 000 dollar millionaires in 2014 and this number is growing.

 

[rocky123]

Its quite interesting to notice that supply of LLLL.com in aftermarket has literally dried up. Anyw.ays price trend has increased continously.

 

[Greenle]

Buy class domain llll.com,

 

[BrandChimp]

No bubble yesterday no bubble today.

I remember buying my first LLLL.com on ebay in 2009. It was a great day. All LLLL.com where taken. I owned a trophy! Then I got my first ccc.com. Another trophy! And finaly my LLL.com!

Liquid domains are like trophies for investors.

 

[BrandChimp]

what's funny is that if I do end up buying those cheap domains but I can guarantee you nobody over here will buy it for the prices that the "hypers" swear they should be selling for the potential buyers of such domains are the ones who created the hype. so I'll end up stuck with domains that won't get sold so I'll have to drop them and I can bet you the "hypers" will snatch them up for pennies on drop. then resell them using the "hype" lol what a circus!

Don't be so smart. It might be a scam. Cheap LLLL under $100.... Good luck..

Please get some knowledge about domaining. Merci

 

[freezer]

Why did not CCC.com rise as much in value!? Is that not strange? Chinese also like numbers...does not make sense to me. I more and more think this is "LLLL MANIA" - Crowd be aware!

 

[BrandChimp]

Why did not CCC.com rise as much in value!? Is that not strange? Chinese also like numbers...does not make sense to me. I more and more think this is "LLLL MANIA" - Crowd be aware!

ccc.com did grow in value. especially, NLL and LNN. V68.com $44,000

There's also some great LLNNN.com sales!

 

[freezer]

ccc have no such spike, they grow much slower. Chinese premium, we talk thousands of % increase in a short time period.

 

[BrandChimp]

ccc have no such spike, they grow much slower. Chinese premium, we talk thousands of % increase in a short time period.

2 years back, I was getting offers in the low $xxx for L60 .com. Now it's in the low to mid $x,xxx

 

[WhoaDomain.com]

Don't be so smart. It might be a scam. Cheap LLLL under $100.... Good luck..

Please get some knowledge about domaining. Merci

lol will do! thanks.

 

[Dominic Belley]

Almost all chinese premium sold for over $1000 today (source: LLLLSales.com).
It seems like this is going to be the floor price before the end of the week.

I don't mind. My GGJG.COM definitely gains some value.

 

[Optimal Names]

I had accumulated a half dozen Chinese premium 4-l domains over time and had all of them listed on 4.cn in addition to the usual marketplaces. After a couple of years of having them up for sale, I'd received exactly 0 offers on all of them. Suddenly, I started receiving multiple offers on each on almost a daily basis from resellers. I ultimately sold them for what I think is a good price and I'm happy to be rid of them.

Will the people who bought them from me be able to sell them at a profit? Possibly, but these seem like super long-term holds and I don't see much sign of them selling at high enough prices to end users to warrant the kind of frenzied buying that's going on with them among resellers. I'm much happier to now have the cash to reinvest in better domains with potentially higher ROI's. To me, buying every domain with random consonants without establishing that there's a demand for the specific combination of letters in each of those domains just seems like gambling and a great way to lose money. It's one thing to do that for $10 to $50 each but $500 to $1000 each? Hmmmmm...

I've got 14 LLLL dot com's left. Been getting almost daily offers from folks (presumably in China), on 6 of those domains in particular. Offers keep going up, I keep holding out. Its crazy.

 

[Dominic Belley]

I've got 14 LLLL dot com's left. Been getting almost daily offers from folks (presumably in China), on 6 of those domains in particular. Offers keep going up, I keep holding out. Its crazy.

Offer are definitely going up. I rejected an offer of 800 today for my DWQB. Three days ago I would have accepted 750 for it. But three days ago the offers I was receiving were around 650-700. I'll sell for 1K next Monday

 

[webm]

I can recall a very famous Chinese Story, Titled "The Monkey Business"

-----------------------------------------------------------------
Once upon a time in a far far village, a wise Chinese man appeared and announced to the villagers that he would buy monkeys for $300/-

The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The Chinese guy bought thousands at $300/- and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $500/- This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $500/- and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at $1000! However, since he had to go to the city for some business, he would buy upon returning from there. His assistant meanwhile would take care of the monkeys.

In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $750 and when the man returns from the city, you can sell it to him for $1000/-

The villagers squeezed up with all their savings, took loans from their friends and bought all the monkeys.

Then they never saw the man nor his assistant, only monkeys everywhere!! !
-----------------------------------------------------------------

 

[DomainVP]

I can recall a very famous Chinese Story, Titled "The Monkey Business"

-----------------------------------------------------------------
Once upon a time in a far far village, a wise Chinese man appeared and announced to the villagers that he would buy monkeys for $300/-

The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The Chinese guy bought thousands at $300/- and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $500/- This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $500/- and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at $1000! However, since he had to go to the city for some business, he would buy upon returning from there. His assistant meanwhile would take care of the monkeys.

In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $750 and when the man returns from the city, you can sell it to him for $1000/-

The villagers squeezed up with all their savings, took loans from their friends and bought all the monkeys.

Then they never saw the man nor his assistant, only monkeys everywhere!! !

Great story! Also known as the 'long con'.

 

[DomainVP]

If you want to know the future, you have to know the past.

From 2008:
https://www.namepros.com/threads/th...m-nnnnn-com-and-llll-net.440088/#post-2632506

As of early 2014 you could still get 'chips' aka PinYin 4L's at bottom barrel pricing of $40-$50... even good 4L's weren't selling for what PinYin 4L's are right now... it's what... $400 - $800 minimum, and most people are just selling them back and forth.

Such a dramatic rise in such a short time span can tell you exactly what is coming; a bubble.

It's just another narrative, and once the story stops being told there are going to be a lot of people stuck with 4L's they have paid $800 for, and no buyers.

Personally, if you are going to buy domains based on a Chinese trend, go buy a good 4N or 5 N or look for what domains will be the 'booming trend' next year...

The only good side effect of this is that some great 4L's can be had at floor pricing because everyone else is fighting to own these PinYin 4L's.

 

[Optimal Names]

Great story! Also known as the 'long con'.

yup!

 

[andom]

Taking into consideration high prices for Chinese premium LLLL.com, we may assume that gradually all global supply of such domains will be bought up by Chinese population, who are ready to pay such high prices.

Assuming all Chinese premium LLLL.com (160,000) will be owned by Chinese people (1.376 bln), i.e. 1 domains per 8,600 persons, remaining 297,000 LLLL.com will be spread over remaining world population of 5.93 bln, or roughly 1 domain per 20,000 persons . To imagine how rare LLLL.com are, on average, imagine that in the whole London (population ca. 8.6m) there will be less than 500 persons each owning just one LLLL.com.

And the amount of LLLL.com will not be increasing, as i.e. amount of luxury watches is increasing each year.

We may consider that in the rest of the world, LLLL.com might be considered in the future as a collectible item, similar to LL.com and LLL.com nowadays.

If we compare such collectible item i.e. with much much more widespread Rolex, which is produced each year in the quantity of 750,000-1,000,000 pieces, and sold on average for USD 10,000 per piece, we may consider that even 900-1,000 USD being paid now for Chinese LLLL.com is a relatively low price, comparing to other collectibles brands.

Sources:
Population: https://en.wikipedia.org/wiki/China, https://en.wikipedia.org/wiki/World_population
Rolex production volumes and prices: https://en.wikipedia.org/wiki/Rolex
Chinese premium prices: this thread.

DISCLAIMER
The author owns several LLLL.com domains and may be biased.

Nice story but I liked the most vlad74's theory. I'm such a dreamer

 

[5dots]

Chinese love to gamble. And as their government doesn't allow them to, they make use of any other potential "gambling object". Domains luckily belong to that group.