news Mike Mann just sold CryptoWorld.com for....

[Michael M]

Mike Mann has just sold CryptoWorld.com for $194,888.

What are your thoughts on the price?

 

[wwwweb]

This is why you guys are here, this is what domaining is all about, the seller bought CryptoWorld.com for $15, and sold it for $195,000, that is a grand slam, what more can anybody want, in context domains like digital.com sold for $373K, True.com $400, CryptoLife.com $195K

The seller is the winner on this, everyone should dream of emulating this sale. If Binance is crazy to pay to much, well then they have more money then they know what to do with, and it is none of our concern. This model just helps domain valuations, and crypto domains even so much more.

I am not sure why people are complaining, even M M came on here to explain the situation, it is a great public comp, and a great story. If it's worth it or not, none of our concern because it is not our money.

 

[-EM-]

I remember Adam Dicker saying at domain sherpa, he was making x sales with x profit a month (x was an impressive number). Anyone thought he was great, not everyone dislikes him. Average people thinking moves in the same direction of the wind.
It is indeed very curious for those who see so much value on the domain and didn't approach to buy it before? Where you as "fool" as the others saying the domain does not worth that much?

 

[wwwweb]

I remember Adam Dicker saying at domain sherpa, he was making x sales with x profit a month (x was an impressive number). Anyone thought he was great, not everyone dislikes him. Average people thinking moves in the same direction of the wind.
It is indeed very curious for those who see so much value on the domain and didn't approach to buy it before? Where you as "fool" as the others saying the domain does not worth that much?

Negotaitions are a game, every business is the same way, marketing, packaging, real estate ... end users pretend to be students, domainers pretend to be big corporations, at the end of the day it comes down the domain, and how much money you are willing to spend to buy it.

 

[Michael M]

So what is the solution here? (I still don't understand the problem, so bare with me)

I guess someone should appoint you guys (or similar minded folks) to arbitrarily decide domain values - so these types of sales don't happen?

(keep in mind the buyer and seller are both happy with the price of the domain)

Ugh...

 

[Mike Mann]

If you knew that the buyer is Binance would you raise the price for CryptoWorld.com?

yes

 

[Mike Mann]

The only market solution available to discover a domains true value is www.AccurateAppraisals.com

 

[Mike Mann]

It's all about statistics. I bet you that if no one will speak about him for a year, he will not get 1 sale. And I mean no one from the whole internet, not just this forum.

me? I sell about a dozen super premium domains every day

 

[RobM]

Really Mike? Advocating an appraisal service? I thought you knew better.

 

[New.Life]

yes

If I knew that you already have an offer for CryptoWorld.com I would tell you in advance who the buyer is, on January 14, about 11 PM US Eastern time. ...before you sold your domain.

Looks like that around this time they made the final decision.

 

[Haris]

BTW is this some kind of a record? Biggest flip ever?

 

[Dave]

BTW is this some kind of a record? Biggest flip ever?

Of course not. Don't forget someone did only hand reg (albeit for $100) business.com once upon time. As did others with sex.com. Hotels.com.

Well you get my gist. All those people simply sent a fax to ICANN for them to register the domains. Anyone in the world could've done it.

 

[Mr. Deleted]

This is why you guys are here, this is what domaining is all about, the seller bought CryptoWorld.com for $15, and sold it for $195,000, that is a grand slam, what more can anybody want, in context domains like digital.com sold for $373K, True.com $400, CryptoLife.com $195K

True.com, only 400? And when did CryptoLife.com sell?

 

[wwwweb]

True.com, only 400? And when did CryptoLife.com sell?

Sorry that should read $400K, cryptoworld.com sold for $195K

 

[Mr. Deleted]

The only market solution available to discover a domains true value is www.AccurateAppraisals.com

Really Mike? Advocating an appraisal service? I thought you knew better.

At 88 dollars a name, for the newbies, they can reg 10 names for that price, so dont worry, they wont use it.

 

[Mr. Deleted]

Sorry that should read $400K, cryptolife.com sold for $195K

I am wondering if you got cryptolife and cryptoworld mixed up.

 

[wwwweb]

I am wondering if you got cryptolife and cryptoworld mixed up.

Yea, to much multi tasking, it was cryptoworld.com, must have read cryptolife.com somewhere.

 

[ben pedri]

I give these guys credit ,I have the same type of names ,in general but I guess selling them for 600-2k model does not work,and to top it off the cheap sob s that want the domain for 2 hundred bucks ,I guess the best model is - is to price high with BIN and put a min bid not too far under , in fact anything I sold on afternic from 3-5 k was bin take it or leave it,no other way to contact me. It actually does work ,the new gd/afternic appraisal tool is a good. get it at GYOV.com get yor own value ,I guess

 

[wwwweb]

I give these guys credit ,I have the same type of names ,in general but I guess selling them for 600-2k model does not work,and to top it off the cheap sob s that want the domain for 2 hundred bucks ,I guess the best model is - is to price high with BIN and put a min bid not too far under , in fact anything I sold on afternic from 3-5 k was bin take it or leave it,no other way to contact me. It actually does work ,the new gd/afternic appraisal tool is a good. get it at GYOV.com get yor own value ,I guess

There are people who put crazy prices on their domains, they only sell a few a year, but with that insane pricing, they yield much higher returns. Rather than trying to juggle offers, and try to please the buying side, and give in all the time. I think Mike Mann realizes this if he prices his domains marginally it is an endless struggle to keep replacing inventory, and to outsell your renewals, you need stepping stones like this crytoworld.com sale at $195K, huge cashflow influx, gives him nice buying power, and a nice nest egg to pay renewals, and shop for new domains with.

That lowball business model, just doesn't but it, crappy domains sell for more than they should all the time, unless you ask, you will never receive. How many of us would have asked for $195K for cryptoworld.com if we had paid $15 for it?

 

[alcy]

At 88 dollars a name, for the newbies, they can reg 10 names for that price, so dont worry, they wont use it.

its the thought that counts

 

[Mr. Deleted]

I give these guys credit ,I have the same type of names ,in general but I guess selling them for 600-2k model does not work,and to top it off the cheap sob s that want the domain for 2 hundred bucks ,I guess the best model is - is to price high with BIN and put a min bid not too far under , in fact anything I sold on afternic from 3-5 k was bin take it or leave it,no other way to contact me. It actually does work ,the new gd/afternic appraisal tool is a good. get it at GYOV.com get yor own value ,I guess

I started to make a spreadsheet of the values on a google doc.

 

[Domainsfordays]

things were different 10 years ago.
today we have something called crypto
its what gives domain the value
check it out. cheers

Yes I have been a cryptocurrency speculator for years. That doesn't have anything to do with domain name valuations though. Domain valuations have been pegged to neologisms since day one, so this isn't special obviously.

 

[Domainsfordays]

things were different 10 years ago.
today we have something called crypto
its what gives domain the value
check it out. cheers

Also, who was talking about ten years ago? I said ten-year veteran, meaning up to present, as in, I have been tracking valuations this entire time. The argument about the domain being a sales outlier was not about it having the prefix "crypto", as I already stated, it was about having "world" as the suffix.

 

[RobM]

Replace 'crypto' with 'mobi' and you have the same type of people from years ago :p

 

[Mr. Deleted]

BTW is this some kind of a record? Biggest flip ever?

Domain King had paid 45K for Porno dot com and sold it for $8,888,888.88, so no, this is nowhere near a record. Maybe for a 15 dollar name, but not an overall record.

 

[-EM-]

So what is the solution here? (I still don't understand the problem, so bare with me)

I guess someone should appoint you guys (or similar minded folks) to arbitrarily decide domain values - so these types of sales don't happen?

(keep in mind the buyer and seller are both happy with the price of the domain)

Ugh...

Why should be a solution when there is no problem? We are discussing a reported sale.
No one should appoint anyone to do anything, there are worst things that happens in the world.
Ugh... Chill, leave the wall alone. Lol