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

 

[domeen]

You realize that China is creating more millionaires than any other nation? I understand your argument but they are not that poor anymore. Yes, of course there is a lot of demand driven by investors (and not endusers) but that doesnt mean that only investors are interested in those names. Go check some Chinese websites, they really use them - a lot more than we in Europe or the US.

millionaires? thats less then 1% of population? isn`t it

 

[domeen]

u

You realize that China is creating more millionaires than any other nation? I understand your argument but they are not that poor anymore. Yes, of course there is a lot of demand driven by investors (and not endusers) but that doesnt mean that only investors are interested in those names. Go check some Chinese websites, they really use them - a lot more than we in Europe or the US.

Like I said before, there is simply no demand in end-user level at this prices. I am sure of it. At level $3000 you will not find buyers. I mean you probably will but less then 1% of your domains in year.

lets say you hold 100 of those, value $300 000, you sell top-s one of those in year for $10000.
There are a lot more places you make more then 3% a year.
Actually its less the 3%, becase renewals $1000 a year and inital investment..

so guys think about it.

 

[djum]

I'm also sure if domains will continue To be traded like a currency, governments will surely put some tax in order to control and earn from this new way to make money. This will affect negatively the prices..

You mean price will go up, because domainers will include this government fee into price, right?

 

[Federer]

I have heard that there are quite a few Chinese that are picking up these short LLLL.com chip domains and turning around and flipping them to end users in the China for $20k, $40k - even $80k.
If that is true, I can see the price increasing a little further - maybe to $3.5k-$4.5k.

 

[gladdy]

Latest stats:

 

[kemjika11]

millionaires? thats less then 1% of population? isn`t it

Yes but what is 1% of 1.3bn? thats the thing about big population countries- percentage can be low but actual number is usually high.Either way china has more millionaires than "wealthy" America. Just saying that i think @sOliver has a point about how MANY very wealthy people there are in China. and thast only formally wealthy.

 

[kemjika11]

I have heard that there are quite a few Chinese that are picking up these short LLLL.com chip domains and turning around and flipping them to end users in the China for $20k, $40k - even $80k.
.

But thats actually believable. why? because its end users perception of values that ultimately shapes the value of domains. thats the ultimate domainer handicap- Domainers want to force THEIR perception of value of domains ONTO the industry but they cant cause they are cheapos that didnt create the industry. End users created and maintain our industry, so if a rich China guy NEEDs a particular domain badly, he's obviously about to pay way more than "average market price". Everything is relative. But thats crazy, from 3k to 30 or 40k? damn b.

 

[Andrei P.]

Yes but what is 1% of 1.3bn? thats the thing about big population countries- percentage can be low but actual number is usually high.Either way china has more millionaires than "wealthy" America. Just saying that i think @sOliver has a point about how MANY very wealthy people there are in China. and thast only formally wealthy.

The key point may be unseen at all. There are may be more wealthy people in USA than in China. I think it is. But more important is how many of these millionairs are in domain investments game. And we know Chinese philosophy differs from western. Moreover they do not know where to invest their money. If there are just 200 chinese millionairs (actually I don't know if any, I just tell any random numbers) in the game that would be enough for unpredictable results. 160000 chips at all. Let's say 60000 chips are developed. Now we get only 100 000 chips available for speculation. Is it really large number of domains for crazy Chinese-collectors?

What I think we will not see huge bubble burst. I predict maximum 50% correction from the top levels. The interesting thing that we don't see top level yet I think.

Yes. It is not domaining. It is speculation. Speculation with something more interesting than Bitcoins

 

[gladdy]

I have the same feeling as you, price increase up to 4,5K what happen next don't know.

I have heard that there are quite a few Chinese that are picking up these short LLLL.com chip domains and turning around and flipping them to end users in the China for $20k, $40k - even $80k.
If that is true, I can see the price increasing a little further - maybe to $3.5k-$4.5k.

 

[domeen]

I have heard that there are quite a few Chinese that are picking up these short LLLL.com chip domains and turning around and flipping them to end users in the China for $20k, $40k - even $80k.
If that is true, I can see the price increasing a little further - maybe to $3.5k-$4.5k.

You speak about it like it would happen everyday! Now someone here thinks they are worth 80k each

 

[gladdy]

List of remaining 67 CP LLLL.com's on Godaddy where BIN < $3,000

 

[sOliver]

I have heard that there are quite a few Chinese that are picking up these short LLLL.com chip domains and turning around and flipping them to end users in the China for $20k, $40k - even $80k.
If that is true, I can see the price increasing a little further - maybe to $3.5k-$4.5k.

Exactly, we have no way of doing that unless we hire someone who speaks Chinese and has connections to large companies. We will have to accept the fact that we are on the loosing end in this stand-off but I don't mind as long as they keep the liquidity high and you can flip names easily. It's great to see such a liquid market, makes it a lot easier to do business.

 

[krx]

Yeah, for 3L.com chips its $50k+

Isn't $50k the floor for ANY 3L.com now? I assumed LLL chips would have a higher floor.

 

[djum]

Now I know who emails me with $800 offers

It's not worst, there's more annoying lowballers than that. Here's what I got lately:

Shame on, I will have no business whatsoever with person who makes such offers. It's about respect, don't waste other people's time with such crap.

 

[djum]

If there are just 200 chinese millionairs (actually I don't know if any, I just tell any random numbers) in the game that would be enough for unpredictable results.

Your number is way too low.
Back in 2013 there were 700 000 millionaires in China.
I'm sure now this number well over 1 mln. people.
They say 300-400 mln. people are middle class there.

 

[GravityEleven]

don't forget the indians joining in (see DomainPros.com and others) this game, trying to resell them for profit later to chineses.. lol
really, this is just the beginning what we are experiencing and nobody is selling at the peak yet, contrary to whatever people lately said about Rick's number sales, Frank's letter bulk sale and so on.. not even the NN.com sale published today was at the peak, all of them are still leaving money on the table compared to a year from now..

also these chineses are very sure they can resell these domains later for a tidy profit, else they would not invest so much in a mere domain..

 

[Andrei P.]

Perhaps not the right thread, but I think this not just appraisal question.

I own domain onmz dot com. It has one Non-Chinese letter - O. But we see onmz dot cn - looks like small chinese company, not simply parked page or non-profit organization. (Onmz dot ru is Russian Oil Factory, but they never tried to contact me) Can dot cn developed website be a reason for a good reseller price on Chinese market? Perhaps ON might has some meaning in Chinese?

 

[domeen]

don't forget the indians joining in (see DomainPros.com and others) this game, trying to resell them for profit later to chineses.. lol
really, this is just the beginning what we are experiencing and nobody is selling at the peak yet, contrary to whatever people lately said about Rick's number sales, Frank's letter bulk sale and so on.. not even the NN.com sale published today was at the peak, all of them are still leaving money on

also these chineses are very sure they can resell these domains later for a tidy profit, else they would not invest so much in a mere domain..

And you rather follow theChinese , who want to make as much profit as possible and looks like they have no idea what they are doing. How much the domains go for end- user. Rather the guys who have been in this industry more then 10 years. Really?

 

[domeen]

Exactly, we have no way of doing that unless we hire someone who speaks Chinese and has connections to large companies. We will have to accept the fact that we are on the loosing end in this stand-off but I don't mind as long as they keep the liquidity high and you can flip names easily. It's great to see such a liquid market, makes it a lot easier to do business.

Until that we follow them yes? We don't know why they buy them, who they sell them. What they do with them

 

[sOliver]

Until that we follow them yes? We don't know why they buy them, who they sell them. What they do with them

On growth:
Only because you don't know and have never been to China doesn't mean that no one knows. They have their reasons .. China is becoming a force to be reckoned with. New businesses everywhere. Even if China is slowing down doesn't mean they're really slowing down .. they're still growing by 6% to 7% every year.
When your economy is the largest in the world (by population) that means 6-7% is a great deal.

On IoT possibly increasing demand for LLLL, NNN and LLL
I also believe IoT will cause a spending spree at one point. Maybe tomorrow, maybe in 2-3 years. As you can imagine, it's a lot easier to connect a smart device to 177.com rather than omgthisislong77.com - much easier to remember. So IoT will increase demand. If I had a product like a coffee machine, then I'd make sure it's easy to connect to the internet so consumers wont hesitate. If consumers hesitate connecting my device I loose data I can analyze and use to improve products = lost revenue.