Discussion in 'Domain Name Sales' started by Constantin S, Feb 6, 2018.
Is only February and we already have 3 domains sold for $500,000+.
2018 gonna be great
.com is dead
Big sale. Smells like a cryptocurrency-related business.
regarding DAX, great sale!
Hahaha I sure hope they didn't invest too much into that industry, it's about to be a bloodbath, 60% down in a month on BTC - and people around the world are wondering why the stock market crashed. Funny as hell
This is consolidation phase for Crypto & a golden time for people like me who want to get in at a lower position. Things will pick up by the end of this month & just today BTC is settling at around $8300 from just being $6k about 3 days ago.
PS: Its at $8600 at the time of this post
I am up 80% on NEO since this week's drop, I sold today at $115, it touched the 60's at the beginning of this week. Personally I think valuations are very forwarded loaded, but this industry going to 0 is a hoop dream, you have to understand the end result of the technology.
Many of us who live in westernized worlds do no understand, but access to capital is not such an easy right for all. The blockchain, and instant confirmation, along with fractional ownership has a huge advantage to reverse the trend of the richest 1000 being worth more than the rest of the planet pretty much.
If I gave you a hundred thousand dollars and tomorrow it's eighty thousand and the next day it's sixty thousand but I tell you in one week it could be two hundred thousand, are you willing to gamble with someone you don't know ?
Satoshi Nakamoto is a myth and the only name you have to go by for someone holding your money, it's absolutely hilarious, the idea is incredible but in a non controlled environment; this is beyond dangerous ! Given there are some markets like ETH, that I do see as valuable, but the technology is really what gives any digital currencies their value ...
And new reports suggest that tethering may have been used, incredible, just incredible.
Invest invest invest
Why do people like virtual currencies in the 1st place ? You think it's because they like the technology or they (90%) have any remote idea of what blockchain technology is ... Hell no ... They like one thing, not being taxed as much ; oh yea there's tax on BTC ~ http://time.com/money/5007068/theres-a-huge-hidden-bitcoin-tax-that-you-need-to-know-about/ , and #2 that the banks or government can't see their money, reading the example above; only 802 people in 2015 reported their BTC transactions to the Government; that's pretty funny.
You think all the governments in the world are going to stand by and watch as their physical currencies depreciate ...
Why would Asia all together and South Korea ban Virtual Currencies all together, they don't want the money leaving China; and another reason why Chinese investors are more prone to buy numerical domains because their more liquid then words and letters ... They traffic millions daily and if you want an example; SJS.com
I get it, couple hundred dollars profit to a couple thousand dollars profit in a day seems amazing, but the market is correcting itself, and if you think "this drop" was big, there will be another one; as history has proven, just like the stock markets, accept stocks are guaranteed to something, biggest companies in the world, where as BTC; all I have to trust is a bunch of forums, millions in advertising ads, and a mysterious Japanese man by the name of Satoshi Nakamoto ... There is a reason why porn sites are the #1 spot for marketing BTC
ETH on the other hand and Ripple, I can see some great potential, but myself; I am more interested in the technology.
If you gave me hundred thousand dollars, then yes, I'm willing to gamble since its not my money....
On a serious note, I really wish that BTC goes down to $6K range so that I may buy more. This drop is nothing to be concerned about since BTC had several such corrections in its past where value has gone down to about 20% to 50% of its peak value. Something similar happened when it was at about $1150 & its price then dropped to about $400 over next several days.
This tech is the future of money since centrally controlled currencies are always open to manipulation & situation is further compounded with events like Great Financial Crisis of 2008. To be sure, majority investors in crypto don't understand the tech but that is irrelevant since success of any tech does not depends on end user understanding. After all, how many people understand how cellphone software/hardware works & does that has any bearing on the fact that there are Billions of cellphones in usage?
Satoshi Nakamoto may be a "myth" but his paper is opensource & anybody can read the paper to get a basic understanding of crypto. Nobody is "holding my money" & beauty of this tech is that nobody has to except for myself.
The game here is all about long term & taking decent profits along the way, if you want to.
BTC, being the first, is ofcourse the most primitive. IF you have even a basic understanding of Tech development then you would know that tech improves with every new iteration. BTC doesn't have features like ETH (smart contracts, More TPS etc) & its now trying to address TPS aspect of it & hence the various forks. However, BTC has gained sufficient Network effect & hence it has the status of "store of value". That's the reason as to why it acts as a benchmark against which the value of other currencies are projected. Popular media always reports on BTC price (or drop or gain in same) & hence for average joe, words like "blockchain", "cryptocurrency" "Fintech" etc only means "Bitcoin". This in a world where there are far better coins than BTC (which is First generation). You can regard ETH as second generation & things like HEAT, TEZ etc like to call themselves as Third generation.
Marketcap of crypto Right now is under 1Trillion & Global stock markets are at about 100 Trillion. So clearly, this industry is in a highly nascent stage (Being only 10 years old) & long road is ahead of us. Stock markets are currently experiencing a downturn as well & its a reasonable possibility that some of that money will find its way into crypto in coming days & weeks. Even if it does't then there are several people on sidelines who are just waiting for Psychological $10,000 mark before getting into the market again.
At My last response, BTC was at about $8k & within 12 hrs it went to $9K & now back at about $8500.
To me, these price fluctuations mean little since I understand that this kind of pattern is typical of a nascent market like Crypto.
Bottom-line is that don't freak out on price by understanding that any new tech will experience these things along its path of development. For people like you who are not ready to acknowledge the bigger picture - Stay On The Sidelines
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