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.

 

[JayT]

I can also point out that if people truly believe in chips outperforming they would just be keeping quiet and buying up more and more. When you hear people defending their position in such an instance it is bad news. You can usually trust people that are calm and happy to reference facts. When they tell you their position then fill the blanks with opinion then you know something is wrong.

Of course there are people that really want to help other people and will convince them to get on board too, but that usually isn't the case.

 

[.NJ]

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

Has nothing to do with missing the boat.

I didn't miss the boat at all.

I sold all my "chips" and bullshit chinese domains in the beginning when the prices were stupid high.

I just realized what was going on and was smart enough take my money and run.

I honestly don't understand what people are thinking right now in reference to future value.

 

[campout]

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

I just got off so there's an empty seat.

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".

It's more like a feather lightly falling, very orderly -- look at that chart! Not a crash, just a slow descendancy.

 

[campout]

I sold all my "chips" and bullsh*t chinese domains in the beginning when the prices were stupid high.

So you took advantage of other domainers to sell them that "bullshit" -- I thought you were above that.

 

[JayT]

10%+ per month is a disaster if you really want to compare this to a stock market.

I just got off so there's an empty seat.



It's more like a feather lightly falling, very orderly -- look at that chart! Not a crash, just a slow descendancy.

 

[TheLegendaryJP]

Since when did making money involve so many emotions...

 

[.NJ]

So you took advantage of other domainers to sell them that "bullsh*t" -- I thought you were above that.

No.

I took advantage of an opportunity to dump shitty domains that I would have most likely dropped.

Did I reinvest 1 cent back into the hype?

No.

Why?

For the exact reason you are witnessing right now.

I saw the bullshit from a mile away.

Like I said, nothing wrong with making money.

But this was a simple, get in and get the fuck out.

 

[campout]

@JayT I think the stock market comparisons break down a little when you get into specifics like % up or down. Obviously there will be more volatility in domain names than equities.

 

[campout]

Like I said, nothing wrong with making money.

But this was a simple, get in and get the f*ck out.

OK I remember you going further and making a moral issue like the people buying and selling are bad people morally. I guess I imagined that.

 

[JayT]

@JayT I think the stock market comparisons break down a little when you get into specifics like % up or down. Obviously there will be more volatility in domain names than equities.

Yea because there is no intrinsic value behind the domain, there are no projected earnings and such. The value is derived from what an end-user will pay. Domains are dynamic in that RTVN can sell for 2000 while NVTR can sell for x10 that much. It doesn't mean one is worth more it just means someone paid more.

It is hardly like stocks...my point. Now the way people think and act, the psychology of it, that is always the same.

 

[.NJ]

OK I remember you going further and making a moral issue like the people buying and selling are bad people morally. I guess I imagined that.

Please quote what I said in reference to saying people are "morally" bad for buying and selling....

The point of this entire thread was specifying that the "chip" phenomenon was exactly what it was intended to be.

Garbage.

 

[campout]

@JayT Yeah and it's a market, and specifically it is a market for a specific type of asset whose buyers are hoping to sell for more in the future, like stocks.

I own microcap stocks that have bid-ask spreads alone way higher than 10%. I will stick to my analysis of that chart that it is kind of an orderly walkdown rather than a crash. It doesn't really matter though if it gets to the same place whether slow or quick.

 

[Recons.Com]

The whole industry was based on the idea that eventually, in 1 day to 20 years, there would be an end user sale that would pay off for your renewals, acquisition costs, expected return etc. It has worked like that for almost 25 years. It is based on fundamentals, on what end users pay/will pay, on growth of internet, behavioral aspects of companies and humans, demand, suply, brandability, recognizability, memorability, adoption of the extension in the market etc. It made sense.

Then suddenly a bubble has been made that is around 1 year into existence and based on that some want to have the whole industry abandon the basics and go to some fantasy land...

No, domains are not stocks. No, they won't be either, because they are not setup to be superliquid like fx, share, cryptocurrency tradings are. So don't lie to yourselves at least, it is a hype and will come back to normal.

PS this is not in response to Nat's post above, we just posted almost simultaneously

 

[campout]

Please quote what I said in reference to saying people are "morally" bad for buying and selling....

the issue is with the same people trying to keep the hype alive so they can dump what they have left.

Yet...

I didn't miss the boat at all.

I sold all my "chips" and bullsh*t chinese domains in the beginning when the prices were stupid high.

I took advantage of an opportunity to dump sh*tty domains that I would have most likely dropped.

I would probably be angry, too, if I sold early and missed a ton of upside, but I'd like to think that I wouldn't then feel the need to go knock down others who were either smarter or luckier than me. That is a bad look.

 

[forge]

It's not the first domain bubble, though probably the biggest to date.

 

[21x20]

Ha... Somebody shoulda told the "fool" who paid $91k to DropCatch for 55588.com that the CHIPs market is dead and that the bubble already burst.

https://namebio.com/55588.com

 

[21x20]

pcbn.com @ $2,229 and tsdt.com @ $2,209 ... Run for the hills. The sky is falling.

 

[forge]

Outliers.

The "market" remains generally healthy and vibrant IMO and I don't see justification for all this doom and gloom, however.

 

[JayT]

Sales to enduser can always be high, FB.com sold 8m while other 2 L can't reach that...because of the end user. You won't see very high prices often because the end user pool is small. You need to look at averages over a time of more than 1 day to draw any conclusion.

Remember a lot of the big investor have in bulk and can sell in bulk too. This can mean sell many names to one person and not be listed on any sales site. You can check on 4.cn to see some sales too.

 

[N-A]

pcbn.com @ $2,229 and tsdt.com @ $2,209 ... Run for the hills. The sky is falling.

Scroll down and you'll come to find that half sold at 2000 and below, with a low of 1800.