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.

 

[frank-germany]

http://domainpayout.com/4lcomchips.php


looks like there are no trading fees

 

[TRY]

Show attachment 26606


http://domainpayout.com/4lcomchips.php

Notice Mycr is first on the list, I have the .org version

 

[frank-germany]

chaomi floor $1744 USD

 

[frank-germany]

looks like things are getting some traction now:
chaomi reports floor of 11987 yuan = $1852 USD

 

[martworld]

looks like things are getting some traction now:
chaomi reports floor of 11987 yuan = $1852 USD

Things are looking solid now.

 

[joro001]

Things are looking solid now.

I wouldn't call a one day floor increase following a 30+ day crash as looking solid. I guess it's a start though, let's see if it lasts or a while.

Prices were over 15,000 RMB a month ago, so even after today they are some way away from that level, let alone the 18k RMB highs from October.

Still if we see some more days of price increases and some decent volume then it could be interesting.

 

[frank-germany]

chaomi floor $ 1793 USD - 11600 yuan

 

[frank-germany]

 

[Recons.Com]

Chaomi floor now 11,200 or $1,727.

A great name like MMXG (top premium letters for China, plus great for West too, ending in G for Group) sold for under 11,500...

 

[frank-germany]

Yeah
Great times to buy

 

[domeen]

You have some screws lose, if you buy at those prices

 

[frank-germany]

yes thats true
and I am afraid you will need a lot lose screws
if you want to succeed

 

[joro001]

There was a huge 4l.com chip auction today and the results are in:

1 03-22

10,900 ↑ 23 2016-03-22 22:28 金名
2 03-22

10,810 ↑ 26 2016-03-22 22:26 金名
3 03-22

10,610 ↓ 24 2016-03-22 22:24 金名
4 03-22

10,820 ↓ 38 2016-03-22 22:22 金名
5 03-22

11,010 ↓ 16 2016-03-22 22:20 金名
6 03-22

14,500 ↑ 34 2016-03-22 22:10 易名
7 03-22

13,400 ↑ 49 2016-03-22 21:47 金名
8 03-22

11,688 ↑ 29 2016-03-22 21:38 金名
9 03-22

10,700 ↓ 47 2016-03-22 21:34 金名
10 03-22

12,689 ↑ 83 2016-03-22 21:32 金名
11 03-22

10,700 - 79 2016-03-22 21:30 金名
12 03-22

10,700 - 67 2016-03-22 21:28 金名
13 03-22

10,700 - 59 2016-03-22 21:26 金名
14 03-22

10,700 ↓ 35 2016-03-22 21:24 金名
15 03-22

11,088 ↑ 63 2016-03-22 21:22 金名
16 03-22

10,888 ↑ 73 2016-03-22 21:20 金名
17 03-22

10,688 ↓ 69 2016-03-22 21:18 金名
18 03-22

11,088 ↑ 28 2016-03-22 21:16 金名
19 03-22

10,888 ↓ 27 2016-03-22 21:14 金名
20 03-22

11,088 ↑ 26 2016-03-22 21:12 金名

This is 20 out of 25 of them as I had trouble pasting all 25 sales:

Awful is the only way to look at it overall, apart from a few names which went over 13k RMB.
The rest did nothing to quieten down the bears.

I hope it picks up for those patiently holding is all I can say.

 

[accent]

Funny ... I see it the other way. To move so many CHIPS at only 500 RMB from the last reported floor shows there are still competitive buyers.

The party-hardy crew is off chasing the ethers. They are not coming back any time soon. What remains are long time Chinese investors that have been here all along, now owning about 75% of the LLLL.com CHIPs, and many more short domains. The rise in prices a few months ago does not appear to impress them. So say those who have tried to buy CHIPs from Chinese investors.

 

[frank-germany]

here is the full scope:

 

[joro001]

Now down to 10,999 RMB today.
4l.net chips are down 8% right now to 1299 RMB so it could be worse I guess.

 

[frank-germany]

at 10999 this guy had a bulk deal of more then 40 domains

would you not expect a better price?


by the way
nearly all bulk deals lately were done by the same ID number

most at the 10xxx price tag
so this guy makes the floor look lower then it is

 

[joro001]

at 10999 this guy had a bulk deal of more then 40 domains

would you not expect a better price?


by the way
nearly all bulk deals lately were done by the same ID number

most at the 10xxx price tag
so this guy makes the floor look lower then it is

Look at the 4 most recent sales reported in the last few minutes:

1 03-23 wdcq.com 9,888 - 96677# 2016-03-23 17:08 易名
2 03-23

9,888 - 96677# 2016-03-23 17:08 易名
3 03-23

9,888 - 96677# 2016-03-23 17:07 易名
4 03-23

9,888 ↓ 96677# 2016-03-23 17:07 易名

4 sales below 10k RMB. You can make of it what you will.
At least there's volume starting to come through I guess as a possible positive.

Edit: There's now a ton more sales coming through all under 10k RMB.

I wish all holders the best!

 

[frank-germany]

the volume in $USD is $162,761 USD

don't forget those are not only sellers
but buyers too

some people think its good to buy now
( I am one of those )

 

[frank-germany]

and again those 9888 yuan you think of as dumping = $1521 USD
which is more then people offer here in this forum lately

and again its not a floor price but a bulk deal
all to the same buyer