Garbage in - Garbage out! Chips crashing

[Recons.Com]

So, where do we start?!

Well, for the beginners, why don't you have a look at the attached screenshot?

The so called Chinese Premium letter 4L.com are at the lowest for last 90 days and this time no excuse of Chinese new year.

This so called big Chinese investors have zero interest in playing it decent.

After grabbing tens of thousands names at $20-200, they pumped it to 3,000$ then lost interest in it letting it to crash to $1,800$ and counting, they, like bunch of locusts, moved to other asset classes for new pump and dumps, including 2-3-4 L, N .ws, 5L, 7N. They did not care how much they hurt 4L.com chips by starting new rumor of LNQRP being semi-premium (the whole point of premium is not being semi-premium), as long as they could bring some value to first 15 letters they could buyout first, now they need more suckers to grab those unwanted letter domains, about 350,000 remaining and once they'll find them (and they will find them), they'll pump up the prices, sell the premiumer ones they hold (patterns, 15 uber premiums etc.), then the locusts are off to the next field and you can hold your babies.

 

[21x20]

It is not your lack of sale, the name is everything the chinese desire no lnrqp, has a xyz ending relating to a similar gtld, it says something about investor confidence in investing. You say it yourself, read the data, do the homework, well when people aren't buying good names at a fair price, that says something.

Can you point to some specific NamePros sales from a few weeks ago that justify why you think this would have easily sold for so much more during Chinese New Year?

 

[wwwweb]

Can you point to some specific NamePros sales from a few weeks ago that justify why you think this would have easily sold for so much more during Chinese New Year?

you can do the work yourself at llllsales.com

 

[jamesau]

This thread reads exactly the same as the topics on an investment forum I used to visit. I stopped visiting because the regulars there posted opinion as fact. Buzz words like hype, upramp, downramp, pump & dump, charting etc just got thrown around without any substance.

I'm all for healthy discussion but you have to be transparent when making claims about the market - at the end of the day it is 50/50 guess work. If everybody knew so assuredly which way the market was going 12 months ago there would be a lot of wealthy people here.

 

[forge]

Can you point to some specific NamePros sales from a few weeks ago that justify why you think this would have easily sold for so much more during Chinese New Year?

Right, it's been months -- if ever? -- since a 4L basic Chip could "easily" fetch $2.5k on NamePros marketplace.

 

[Domain Shane]

you can do the work yourself at llllsales.com

No you do the work. You said "easily" so it should be easy. You point to some threads on Namepros where multiple names went for $2500.

 

[wwwweb]

No you do the work. You said "easily" so it should be easy. You point to some threads on Namepros where multiple names went for $2500.

You were selling one name, and you couldn't get $1900, you telling me 4L.com chips did not sell for $2-2.5K on namepros during Dec/Jan?

 

[wwwweb]

No you do the work. You said "easily" so it should be easy. You point to some threads on Namepros where multiple names went for $2500.

Here you go, now what?
https://www.namepros.com/threads/12-llll-chips-lflx-com-txbq-com-bin-reduced.904549/

 

[21x20]

Here you go, now what?
https://www.namepros.com/threads/12-llll-chips-lflx-com-txbq-com-bin-reduced.904549/

That's blind, the names are not all there. And at least one of them were premium double LL's.

Meanwhile, at the end of the thread on 12/31, the seller was looking for $2,400 each in bulk and it doesn't appear that they sold "sale closed", with no posted about a buy. It sure doesn't look like they were able to get it easily... let alone at all!

... And this was over 2 months ago, the end of December.

Got anything else?

 

[N-A]

Can you point to some specific NamePros sales from a few weeks ago that justify why you think this would have easily sold for so much more during Chinese New Year?

The Chinese New Year was Feb 8th. If I dug around, I would find people blaming the Chinese New Year for the lack of sales and price drops far before the 8th and far after. How long is was this holiday?

 

[Domain Shane]

That's your data? Ha. First of all that doesn't even have the closing price and second you said "easily" implying that they sold quite regularly. And its back in December. You are proving my point even further. Look at the graph and look at the drop since December and then a rise back up several months later.

So basically you're saying if I timed it perfectly back in December I could have gotten $2500 or I could have gotten a few hundred more later in Jan and Feb. All without doing the easy Namebio lookup and seeing that I paid $1400 and realizing that I am going to make a profit if I take the $1800 offer in the thread. You really need to do a better job being the bear

 

[Domain Shane]

Oh no, David. I'm out of here Have a good night everyone

 

[21x20]

The Chinese New Year was Feb 8th. If I dug around, I would find people blaming the Chinese New Year for the lack of sales and price drops far before the 8th and far after. How long is was this holiday?

For those of us who's been doing this for a few year, we know things tend to peak around October and pick up again around April/May. I've never expected excellent pricing "now".

 

[wwwweb]

That's blind, the names are not all there. And at least one of them were premium double LL's.

Meanwhile, at the end of the thread on 12/31, the seller was looking for $2,400 each in bulk and it doesn't appear that they sold "sale closed", with no posted about a buy. It sure doesn't look like they were able to get it easily... let alone at all!

... And this was over 2 months ago, the end of December.

Got anything else?

People close threads once they finish, so like I said do your own homework, maybe you never sold a chip before I don't know, but $2-2.5K is not out of the realm to what chips were selling for.

You don't even know the point I made, I said if he can't get $1900 for DXYZ.com which has no LNRQP, and has a similar ending to a popular Chinese GTLD XYZ, then there is weakness in the marketplace.

Not sure what point you are making, other than wanting me to do your homework for you?

Doing this for a few years? The Chinese have never been this active in the marketplace ever, the previous years cannot be compared to the actions in the past 12 months, you make absolutely no sense.

 

[N-A]

Oh no, David. I'm out of here Have a good night everyone

Hey, we both got a warning. Let's keep it civil buddy.

 

[forge]

By the way, "Garbage" in the thread title is provocative but also at least a bit suspect.

 

[N-A]

For those of us who's been doing this for a few year, we know things tend to peak around October and pick up again around April/May. I've never expected excellent pricing "now".

In other words, all the people referencing the Chinese New Year are actually speaking about the timespan of 6 months? Sounds like a rollercoaster ride at any rate. Rise over 6 months and then crash over the following year.

 

[wwwweb]

That's your data? Ha. First of all that doesn't even have the closing price and second you said "easily" implying that they sold quite regularly. And its back in December. You are proving my point even further. Look at the graph and look at the drop since December and then a rise back up several months later.

So basically you're saying if I timed it perfectly back in December I could have gotten $2500 or I could have gotten a few hundred more later in Jan and Feb. All without doing the easy Namebio lookup and seeing that I paid $1400 and realizing that I am going to make a profit if I take the $1800 offer in the thread. You really need to do a better job being the bear

The fact you couldn't sell it for $1900, shows weakness in the market, yet I repeat, I know you are the so called resident expert in this space, but you just want to hear what you want to hear.

Go back, and read what I said, there is no reason such a domain could not command $2500 during better times, the fact you couldn't get $1900 says alot in whats happening in the market now.

On one hand your telling people to buy on fear, on another your telling me 4L.com chips don't deserve $2500, less the $1900 you failed to achieve for DXYZ.com, what exactly is your point?

 

[N-A]

By the way, "Garbage" in the thread title is provocative but also at least a bit suspect.

GIGO, or garbage in-garbage out, can also refer to the mass of information being exchanged on this topic, or poor information at that. The hype that chips created drew new investors in seeking quick riches. They in then may have bought at a premium (as time will only tell, but the current prices now reflect that). Those people were spoon fed garbage and ended up losing more than they should have (or could afford). That's how I interpreted the titled at least.

And I'm not making an exaggeration here on people buying in at a higher rate, as I've sold at that.

 

[djum]

By the way, "Garbage" in the thread title is provocative but also at least a bit suspect.

I love Garbage, Shirley is awesome, on the other side pigeon shit is what killing portfolios

 

[ikehook]

Agreed. We loose some money in the worst case

They'd have to drop to 15 bucks for me to lose money.

Recon, double check that traffic I doubt it's real. It's been going in cycles and it's just people checking the names. I was getting 23k uniques a day for a month, dropped down to 4K for a few weeks then back back up and now back down.

It's not real traffic unless all the 4L.orgs were previously built out and have link profiles.