Domain prices skyrocket

[rocknrollo]

I have been watching domain auctions on Snapnames and pool, mostly just three charicter names,and for the past few months the prices have been going way up. All lll .info .org .net have been going in the high xxx at least with many going in the xxxx range. any three charicter .com is the same.

So what does this say about this crazy business? Are we all going to be rich in a few years if we hang on to our good names as everyone els starts puting their hard earned money in domain names.

Or is this the boom before the bust..

 

[Binfus]

Are we all going to be rich in a few years if we hang on to our good names as everyone els starts puting their hard earned money in domain names.

Or is this the boom before the bust..

Both............depending on how you define "good" names that are worth holding on to.....Rising tide lifts all boats but only the genuinely strong ones stay afloat in a downward spiral.

 

[peaches017]

Not ALL LLL.info's are going too high. I got two premium letterd LLL.info for under $250 each just a few weeks ago.

Peter