JayT
Restricted (85-100%)
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I have never invested in numbers myself. For what it's worth, I saw opportunity in numbers over 1 year ago! I would of never expected 6N.coms to sell for 1000+ on occasions, or 4N being bought out in practically every extension. I even talked to my dad about domains and he said so himself, numbers looked like an opportunity. He knows practically nothing about domains. He simply said "I'm too old for that *expletive*. I had a similar attitude. I want to enjoy myself, and numbers just didn't interest me, not my MO, leave it at that.
Domaining is a hobby for me. I'm here to enjoy it. Don't get me wrong though, failure isn't an option. Which is exactly why I'm writing this post for you. I think everyone should re-evaluate what's happening before reg even more numbers.
I can only rationalize one reason that the hand-reg of numbers MIGHT still be a good idea: If you believe domains will trade like a currency...a way to move money around in a liquid manner. You might hear in the news that a lot of people are really trying to move their money either out of their country or the whole system for that matter. I consider all of this, and still, disagree that domains will be used as such in any remotely mainstream way. There are far better options, which I won't get into.
I have a long history of studying financial markets going back to my childhood. It is another one of my passions. Because of that I know that one of the most important qualities of money is that: "It retains value without much fluctuation". Money is not an investment, it is a store of value. IF you buy into the "domains as currency", ask yourself: 'When does the market become saturated? When do 7N.com, 5N.ws (or whatever) become the pennies that people don't even bother to pick up?'
I think domains are best used for what they were designed for: websites. I don't think domains can efficiently serve both purposes. I can't say when or how fast the numbers will fall out of demand, but I see signs already. Just as the numbers momentum right now is driven by a heard mentality, they fall out of style as such, quickly. There are many funny metaphors to describe this phenomena It is very easy for you to look at present and assume that the status quo will continue, most people do this, change is scary to them. The reality: when sentiment shifts valuations change erratically rather than than your linear expectations (The herd stops running together and 'scatters').
Seeing as you hardly know me, you probably want me to answer "WHY will numbers stop going up"... I have answers to that question too, but in the spirit of the internet: "Just trust me"
Domaining is a hobby for me. I'm here to enjoy it. Don't get me wrong though, failure isn't an option. Which is exactly why I'm writing this post for you. I think everyone should re-evaluate what's happening before reg even more numbers.
I can only rationalize one reason that the hand-reg of numbers MIGHT still be a good idea: If you believe domains will trade like a currency...a way to move money around in a liquid manner. You might hear in the news that a lot of people are really trying to move their money either out of their country or the whole system for that matter. I consider all of this, and still, disagree that domains will be used as such in any remotely mainstream way. There are far better options, which I won't get into.
I have a long history of studying financial markets going back to my childhood. It is another one of my passions. Because of that I know that one of the most important qualities of money is that: "It retains value without much fluctuation". Money is not an investment, it is a store of value. IF you buy into the "domains as currency", ask yourself: 'When does the market become saturated? When do 7N.com, 5N.ws (or whatever) become the pennies that people don't even bother to pick up?'
I think domains are best used for what they were designed for: websites. I don't think domains can efficiently serve both purposes. I can't say when or how fast the numbers will fall out of demand, but I see signs already. Just as the numbers momentum right now is driven by a heard mentality, they fall out of style as such, quickly. There are many funny metaphors to describe this phenomena It is very easy for you to look at present and assume that the status quo will continue, most people do this, change is scary to them. The reality: when sentiment shifts valuations change erratically rather than than your linear expectations (The herd stops running together and 'scatters').
Seeing as you hardly know me, you probably want me to answer "WHY will numbers stop going up"... I have answers to that question too, but in the spirit of the internet: "Just trust me"