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.

 

[Domain Galleria]

Ok kids, so I took a few minutes to peak around the Chaomi... if you use Google and translate the page to English ... You can find the volume.

Out of 160,000 chips... the chart you're looking at, for yesterday at least is based on....

Drum roll please...

2 sales

Yeah. Namebio has more sales data than that for yesterday but keep on keeping on.

Yes a kid as a domainer but two and a half decades of entrepreneurship is no joke.. ...read my comment very well to know what I was talking about - simply analyzed a chat. Forward that chat to any investment analyst and feed us back on what he tells you. I spend average of 4 hours on chat daily and I can say whoever trades against the trend does so at his own peril. Real investors dont look at what sells today but what their chat is telling them. Those who know how to flow with the trend always enjoy smooth sails

 

[TRY]

Do you mean Numbers by NNNNN? 5N are great, actually. The least they can be used for is zip codes, six can be fine with patterns, 7 without very easy pattern is useless, unless it is your exact phone number or something )

I have few 7N, but they are all ABCBCBC pattern, as easy as remembering ABC.

Surprisingly, great 1 word ones don't perform exceptionally well, unless it is top 500 word or something.

I learned it with Manslaughter.com. It is perfect for anyone in legal area, everything you might want from it:

Singular, positive meaning (as opposed to murder, people seek manslaughter designation as that would imply either involuntary or voluntary in self defense), over 40,000 exact searches in US only, very high CPC, all is needed is put a directory page of all attorneys in the field for each area, plus relevant state laws, blog articles on the subject and some seo and you can get good money forever. But all I got in almost a year were lowball offers )

Will probably just develop myself.

While people are preoccupied with chips I aquired bestattorneys.org for a very reasonable price, in this case the .org makes sense. Manslaughter is not a very friendly name for lawyers to advertise on imo.

 

[Domain Shane]

chart or chat ? You spelled entrepreneurship completely correct and couldn't get chart. Either way your post was fun to read.

 

[Domain Galleria]

chart or chat ? You spelled entrepreneurship completely correct and couldn't get chart. Either way your post was fun to read.

@Domain Shane Don't mind facebook and whatsap. lol

 

[21x20]

Yes a kid as a domainer but two and a half decades of entrepreneurship is no joke.. ...read my comment very well to know what I was talking about - simply analyzed a chat. Forward that chat to any investment analyst and feed us back on what he tells you. I spend average of 4 hours on chat daily and I can say whoever trades against the trend does so at his own peril. Real investors dont look at what sells today but what their chat is telling them. Those who know how to flow with the trend always enjoy smooth sails

A chart is only as good as the data behind it. You could draw a chart based on no data or selective data. Would you really trade based on that?

 

[frank-germany]

http://domainpayout.com/4lcomchips.php?ref=namepros

 

[forge]

Again? It never got near $3,000 other than double letters, city prefixes in the first place or other unexplainable names/patterns/etc.

Reported sales show a different story:

bskc.com $3,100. 12/24/2015 Namejet
jphl.com $3,100. 12/24/2015 Namejet
dbpw.com $3,209. 12/23/2015 Namejet
kdtw.com $3,200. 12/22/2015 Namejet
xfhp.com $3,000. 12/21/2015 Namejet
dhtx.com $3,900. 12/21/2015 Namejet
dcgs.com $3,111. 12/20/2015 GoDaddy
txms.com $3,300. 12/19/2015 Namejet
qnlg.com $3,305. 12/18/2015 Namejet

Just a quick sample over six days in December. I'm actually skeptical about Namejet reported sales, but I recall that $3k-range prices were widely seen around this time last year.

 

[frank-germany]

 

[N-A]

I agree that great western letter 4L.com is great. But, given that you are indifferent to the specific acronym, would you rather buy 3 western prems with vowel(s) or 1 western prem without vowels for the same price?

I like variety. When this whole thing blows over, I want to be holding a bag of decent names that can be sold to end users as opposed to hoping for the market to revive itself again and again.

I think, personally, understanding the volume involved is super important. If you're basing assumptions on 10 domains being sold out of 160,000, it's a very different environment then if that data is based on 1,000 names.

Volume isn't so important at all. In fact, it can be the lack of sales that tells you something more about the market conditions. Unlike stocks with what seems to be an infinite amount being bought and sold -- some likely as high as 160,000 shares in one trade -- there is a finite supply of 4L. We're not going to see volume being traded and volume shouldn't be representative of the price. You have to remember, the price is set by the Chinese in this game; so if they see a low price (whether it be based on 2 sales or not), they're going to react to that price.

Yeah. Namebio has more sales data than that for yesterday but keep on keeping on.

Yes, but who are behind the purchases? We cannot see for approximately hours after they occur whether they are Chinese, Western, or end users. I've taken a peek at a couple of names some weeks ago, and out of the 10, a high amount did go to the Chinese, but a fair amount ended up in Western hands. So, who was right? Did the Chinese buy them at the perfect rate and then the Westerner's get handed a worthless bag (compared to what they can turn around and sell them for)?

 

[N-A]

Reported sales show a different story:

I'm not Chinese, so I'm not in the position to say whether those names are more valuable based upon their potential meanings or not. All I know is that the floor price, which is what you would be getting on NamePros and in chatrooms, has never crossed that point.

If you had chosen other platforms to sell your names, you'd be left with 10%-20% commissions, or walk away with $3247 (the average of the 9 sales you posted) less commission, which would make you sit at a comfortable $2922 (10%).

 

[martworld]

Perspective, but even 17 sales (out of 190k) doesn't say "dumping" or "crash" or any of the other stuff previously in this thread.

I also wouldn't call any of those more on the "premium" side of either western or chinese chips.

Yesterday you also had fncl.com @ $3,400, cmwk.com @ $2,180, pbcl.com @ $2,099, rstr.com @ $2,001.

If you're ignoring those because they're just not in Chaomi's data, then clearly the venue is maybe more important than the market pricing. For example, if FNCL.com (western premium/china chip) was sold at a Chaomi reported venue, obviously that huge dip at the end the chart you posted today would look very different averaging into those sales.

I just don't see how you look at one chart from one venue in a vacuum and come to conclusion like a few of you have been posting in this thread. Domains DO differ from penny stocks in that not each domain is worth the same... like shares of a stock. Quality matters and you can play the "floor" game all you want... But if the wrong names are sold at any point, the floor can vary greatly. A week of only sales of "better" names will bring a floor up... a week with the worst 4L ever being sold brings the floor down.

200% agreed with you.

 

[Recons.Com]

Perspective, but even 17 sales (out of 190k) doesn't say "dumping" or "crash" or any of the other stuff previously in this thread.

I also wouldn't call any of those more on the "premium" side of either western or chinese chips.

Yesterday you also had fncl.com @ $3,400, cmwk.com @ $2,180, pbcl.com @ $2,099, rstr.com @ $2,001.

If you're ignoring those because they're just not in Chaomi's data, then clearly the venue is maybe more important than the market pricing. For example, if FNCL.com (western premium/china chip) was sold at a Chaomi reported venue, obviously that huge dip at the end the chart you posted today would look very different averaging into those sales.

I just don't see how you look at one chart from one venue in a vacuum and come to conclusion like a few of you have been posting in this thread. Domains DO differ from penny stocks in that not each domain is worth the same... like shares of a stock. Quality matters and you can play the "floor" game all you want... But if the wrong names are sold at any point, the floor can vary greatly. A week of only sales of "better" names will bring a floor up... a week with the worst 4L ever being sold brings the floor down.

It has been common understanding that if a "chip" gets much higher price than the floor, it must be either something special about that name (FNCL Financial) or end user sale or someone hoping to make an end user flip.

You cannot use those averages for floor. Floor prices are the minimums the domain fitting the category would get within short period of time.

 

[Lite]

I think it's too early to call it as market crash. Some names are changing hands. Early last year, most of the chips were at ~ $200 or below. It quickly rose to $2K by the end of last year. This rapid growth is unsustainable, so the market is correcting now. IMO there is nothing to panic.

 

[21x20]

It has been common understanding that if a "chip" gets much higher price than the floor, it must be either something special about that name (FNCL Financial) or end user sale or someone hoping to make an end user flip.

You cannot use those averages for floor. Floor prices are the minimums the domain fitting the category would get within short period of time.

Typically people have been referring to chip floor and non chip floors separately.

 

[Recons.Com]

Typically people have been referring to chip floor and non chip floors separately.

That is correct... There are floors for:

4L.com actual word

4L.com Chip

4L.com Western prem

4L.com double-triple (I just made up the term, but the names that have at least 3 of western prem and at least 3 of chinese prem get higher price)

4L.com CVCV.com (highest priced LLLLs)

4L.com VCVC and VCCV with good letters/combos

4L.com randoms

Most widely traced categories are chips, we-chips and randoms, because of the bigger volume of transactions and easy categorization. And those floors then influence the other categories, but you won't find charts for that.

 

[.NJ]

I think it's too early to call it as market crash. Some names are changing hands. Early last year, most of the chips were at ~ $200 or below. It quickly rose to $2K by the end of last year. This rapid growth is unsustainable, so the market is correcting now. IMO there is nothing to panic.

Again....

This isn't the stock market.

People keep talking about the "market" correcting itself ect....

What market are you talking about?

The NYSE started in 1817.

That's 199 years ago.

This "chip" hype started a few months ago.

What surprises me is that so many veterans are defending this garbage for long term value.

 

[TheLegendaryJP]

Well after reading all that I guess I retire, party is over, prices went down this month you say, we're all doomed, domains are dead, even single word dot com are futile goodnight my friends...goodnight

 

[campout]

@.NJ You missed the boat. We get it.

 

[JayT]

A lot of the ppl pumping chips while comparing this to a stock market telling us to "buy because prices are falling" must have never heard of the investing saying: "never catch a falling knife".

 

[TRY]

I've been actively aquiring domains since late 90's

@.NJ You missed the boat. We get it.

Well he still has time to get on the 4l.org boat