Dont spend money on crypto domains, better invest in crypto

Discussion in 'Niche Domain Discussion' started by Domain-Reseller, Jan 12, 2018 at 5:46 PM.

Replies:
25
Views:
626

  1. Domain-Reseller

    Domain-Reseller Established Member

    Joined:
    Jul 26, 2015
    Posts:
    435
    Likes Received:
    259
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. wwwweb

    wwwweb Top Member VIP

    Joined:
    Sep 24, 2009
    Posts:
    6,686
    Likes Received:
    4,007
    Aren't crypto down about $100B this week or something, why can't you do both?
     
  3. WatchDogue

    WatchDogue Active Member VIP

    Joined:
    Oct 21, 2015
    Posts:
    1,376
    Likes Received:
    10,583
    Ok, I'll ask, " your reasons " for your opinion.
     
  4. Premiums

    Premiums Yo.Money BIN $35 VIP

    Joined:
    Nov 27, 2016
    Posts:
    981
    Likes Received:
    592
    I think he means, there are simply too many crypto-names on the market.
     
  5. wwwweb

    wwwweb Top Member VIP

    Joined:
    Sep 24, 2009
    Posts:
    6,686
    Likes Received:
    4,007
    There is like 1500 coins on the market also. How can they all be backed as winners, essentially when you invest the owners are selling into your buying as they have unlimited domains.


    Looks at TRON CEO, he hires an employee, and raises his stock by billions on a single tweet, it has become sort of a joke really.
     
  6. Loxline

    Loxline Active Member VIP

    Joined:
    Dec 27, 2016
    Posts:
    817
    Likes Received:
    758
    About 300 Crypto names, the rest of; lost in translation
     
  7. Silentptnr

    Silentptnr PRYCR.COM Business Account VIP

    Joined:
    Aug 25, 2015
    Posts:
    9,621
    Likes Received:
    21,483
    Yes! Everyone stop investing in those useless and valueless crypto domain names and go invest in crypto.

    ( so I can have them all to myself :) )
     
  8. sharfab

    sharfab Established Member

    Joined:
    Dec 17, 2017
    Posts:
    75
    Likes Received:
    67
    TRON CEO Does a good job at tweeting a lot of hype....
     
  9. Silentptnr

    Silentptnr PRYCR.COM Business Account VIP

    Joined:
    Aug 25, 2015
    Posts:
    9,621
    Likes Received:
    21,483
    I view crypto domain names just the same as crypto. Still in the infant stages. The action we are seeing for good crypto type domain is just beginning. Imagine when more companies and end users get into the action.

    It's like Morgan Linton said...
    "The cryptocurrency world is still the wild west and many speculators (notice I didn’t say investors? I thought you’d like that) are taking on multiple layers of risk with both incredible market volatility and buggy exchanges with questionable security measures."

    Source: https://morganlinton.com/no-youre-n...rrently-locked-out-of-their-binance-accounts/
     
  10. wwwweb

    wwwweb Top Member VIP

    Joined:
    Sep 24, 2009
    Posts:
    6,686
    Likes Received:
    4,007
    It doesn't really work anymore, like the boy who cried wolf, make a hype tweet, make a billion dollars, only thing somebody has to pay for it.
     
  11. Daniel Owens

    Daniel Owens Business Member Business Account VIP

    Joined:
    Apr 12, 2015
    Posts:
    7,459
    Likes Received:
    492
    Does, he realize he is logged onto a buy, sell, discuss domain forum and saying not to invest in a domain but invest in crypto. Does that strike you all as a bit odd?
     
  12. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

    Joined:
    Aug 6, 2004
    Posts:
    3,395
    Likes Received:
    2,157
    I just sold one for obscene profit xx,xxx so I'll have to pass on your advice. :ROFL:
     
  13. Daniel Owens

    Daniel Owens Business Member Business Account VIP

    Joined:
    Apr 12, 2015
    Posts:
    7,459
    Likes Received:
    492
    Can you either post here or pm me what it sold for I am curious. Ok?
    Thanks.
     
  14. karmaco

    karmaco Established Member

    Joined:
    Apr 23, 2017
    Posts:
    549
    Likes Received:
    899
    Too late @Domain-Reseller. I think everyone here has invested in crypto names to varying degrees.
     
  15. alcy

    alcy Active Member VIP

    Joined:
    Mar 6, 2015
    Posts:
    11,728
    Likes Received:
    15,532
    I think the op maybe said that he has budget just 2 cents.

    in which case I recommend something like maybe PACCOIN?

    I do not believe one can acquire good crypto domain for 2 cents budget.

    jmo.

    cheers
    gl
     
  16. Daniel Owens

    Daniel Owens Business Member Business Account VIP

    Joined:
    Apr 12, 2015
    Posts:
    7,459
    Likes Received:
    492
    2-Cents is a funny expression but giving his "two cents" means to give advice.
     
  17. Cruncher

    Cruncher New Member

    Joined:
    Jan 4, 2018
    Posts:
    15
    Likes Received:
    4
    I have been trying to register some domains but all the ones I want are taken! It's quite scary when you see when some of these crypto domains were first registered,2013-2014! and many more recently of course.....
     
  18. Cruncher

    Cruncher New Member

    Joined:
    Jan 4, 2018
    Posts:
    15
    Likes Received:
    4
    For example,just tried to register cryptobiscuits.com.
    Guess what?It's already taken! How did someone read my mind?........
     
  19. Winfluence

    Winfluence Active Member VIP

    Joined:
    Jul 3, 2015
    Posts:
    1,606
    Likes Received:
    2,156
    99.99% of crypto domains are probably useless.

    You have to wonder how many companies can even make use of all those domains and of that amount how many would have their own brand.

    Crypto is not just 2 letters that you can throw on the end of a brand like VR. Crypto is 6 letters and has to be part of the name, so it's more prominent, leaving less room for individuality. That means there will be less companies branding with "crypto" in their name because who wants to be confused with competitors.

    I could be wrong but it seems like most of the crypto sales are probably domainer to domainer, speculation sales.

    I wouldn't invest too heavily in 'crypto" personally.

    But there are other related keywords too....*shrug*
     
  20. Silentptnr

    Silentptnr PRYCR.COM Business Account VIP

    Joined:
    Aug 25, 2015
    Posts:
    9,621
    Likes Received:
    21,483
    I think it's like anything else. If you take too much of anything there are risks...even my favorite..ice cream. :)

    Domain investing at a minimum is fun. I'd rather buy a domain than buy a beer most of the time. If you try hard not only is it fun but it's profitable.
     
  21. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

    Joined:
    Aug 6, 2004
    Posts:
    3,395
    Likes Received:
    2,157
    $8 hand reg I've held for a few years, I wanted 25k as purchase price means nothing to me a domain is worth what I feel it's worth to the "right" buyer. Dropped down to 16k (very rare for me to drop that much) since it was right before Christmas and figured would allow me to have a very nice generous vacation with family. So over $15,900 in profit on the 16k sale. Sold on my own domain sales landing page as I've always done my own pages/markets so I had name, email, phone, ip etc... of the buyer which is the only way to negotiate. Almost all my sales since 2003 are $8 and a few years renewals into x,xxx-xx,xxx as I wait for inbound leads and don't do outbound marketing. Those who use options that hide buyer info Sedo, Afternic, Undeveloped etc... are at a major disadvantage as blind negotiations. Every sale I do I know who I'm talking to and what their plans are with the domain.

    Have reinvested a portion of the profits into domains from other domainers keyword, keyword brandable, 4 letter and I've hand registered 11 new similar .coms so far and have a few more available on my maybe list as spending $100-$200 outta 16k on a handful of similar domains isn't much risk, another one pans out cool if not no biggie. If I make a good profit on a niche then natural to toss $100-$200+ on a few more related domains to see if I can ring the register twice. All my sales are basically hand regs though since 2003 $8 into 1k,2k,3k,3.5k,6.5k,7.5k,16k etc... all across the board. I don't play in auctions unless it's for personal use. So I'm the $8 guy that has patience and waits for the inbound leads and works them up from there. It's not about emailing hundreds of people to buy my domains for $500 it's about buying the right domains to begin with=quality business use and getting them in the distribution paths sedo, afternic, domainnamesales etc... to get buyers coming to me on a regular basis on my own landing pages/site so I have all the buyer information so easy to investigate if I have the "right" buyer on the line.

    Many sellers probably go $8 investment take the $500 where I see an $8 domain only costing $8 more dollars to keep another year so cheap enough to hold for the "right" buyer. Also have to consider replacement costs as if you sell one of your best domains too cheap it's not 2003 anymore where you can go hand reg a replacement for $8 as more eyeballs on the expiring market these days. I don't sell a ton of domains but I make sure everyone of them counts in the ROI department so I don't need to sell a ton. After a few sales figured maybe I'm lucky but after 15 years of turning $8 hand reg and expired domains into x,xxx-xx,xxx I stand by...

    1)Buy the best quality .coms you can find, money comes from end users, do your domains appeal to end user businesses?
    2)Get them distributed sedo, afternic, domainnamesales, etc... but direct them to your own site or own landing pages where you receive buyer name, email, phone, ip address etc... that you can investigate, pointing your domains anywhere where buyer information isn't passed on is just handing money away to a market that does nothing to promote your domains, most leads come direct to the landing page.
    3)What you paid for a domain means nothing, what is this domain worth to a business in the field, is it good or can they find an alternative that's better for $8, if you only sell to businesses like myself xxx prices shouldn't exist and if they do then they better be high xxx as a starting point.
    4)Learn how to say no in a polite manner, gonna close this one up, if your budget increases in the future let us know thanks etc.... basically get in my range or we don't have time for you, have a great day, :ROFL: be surprised how well this has worked for me.
    etc...

    If your domains make end user business sense then listen to my rambling above. If not then continue to flip away for x-xxx as that's the flip business model instead of the quality/hold/end user only sales model. I prefer the second model as it equals no work. Buy domain, toss on my sales page, list at third party aftermarkets, answer inbound leads. Flip model equals a job of hustling and always replacing inventory which I don't really have time for due to my developed profitable websites. Quality of the domains will determine if you're able to take the passive higher ROI route or if ya need to continually flip at smaller profit margins. No right or wrong as profit is profit but I'll always prefer the less work/more profit margin model.
     
    Last edited: Jan 14, 2018 at 10:45 AM
  22. leftfielder

    leftfielder Established Member ★★★★★★★★★★

    Joined:
    Jan 8, 2008
    Posts:
    236
    Likes Received:
    57
    Similarities between crypto currency and domains are uncanny.

    • You’re ahead of the game if you got in first.
    • The worth is based on what we are willing pay.
    • Advertised by word-of-mouth.
    • Loosely regulated.

    So trading one vice for another vice’s OK if you’re still living in mama’s spare bedroom. Even then, it may be still foolish.

    I respect OPs opinion but if they’re things like kids and assets in your current and future life, why not lessen your risk and buy coins linked to real business like KYC, Latium or Indeco for less than the price of one domain $1.65, $0.12, and $1 a share, respectively?
     
    Last edited: Jan 14, 2018 at 11:24 AM
  23. Cruncher

    Cruncher New Member

    Joined:
    Jan 4, 2018
    Posts:
    15
    Likes Received:
    4
    Very informative, thanks. Could you tell us how you get paid from the buyer? And are there any risks with how you get paid? Many thanks
     
  24. jideofor

    jideofor Active Member VIP

    Joined:
    Sep 6, 2009
    Posts:
    2,589
    Likes Received:
    3,057
    so annoying right now.
     
  25. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

    Joined:
    Aug 6, 2004
    Posts:
    3,395
    Likes Received:
    2,157
    Buyer mentioned wanting to use Escrow.com but I informed them we don't use them anymore since they were bought out due to difficulties with previous transactions after the buyout so we used https://escrow.payoneer.com.
     
    Last edited: Jan 15, 2018 at 7:28 AM

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!

Share This Page

Loading...