Does this mean that I can't start my "The Official Relativistic Many-Body Quantum Field Theory Thread"??? I really had my heart set on getting all the glory, fame, and attention associated with starting an official thread.
As you might have guessed from some of my recent posts poking fun at official threads, I am joking here, and yes, it is getting a bit silly.
On a serious note, I refer to a lot of these threads (in private) as the "hype threads". Without pointing out particular threads or individuals (you can guess), some people may actually be getting hurt. Some new people may be more susceptible since they have not been around markets long enough. In the stock market, a lot of the tactics seen around here would be referred to as "pump and dump", which is not only unethical but illegal. The domain market has no such legal protection or SEC, but ethics are a "market invariant". The tactic is to get a reasonable strong position in a particular equity (domain category), then hype the h**l out of the equity (domain cat) to build scarcity and add value to their own position, and then sell. The people that come later buy in at a higher cost (or lower quality domains) that mainly benefit the person that started the hype.
Some of these domains are extremely valuable, but a lot of the stuff I see in the hype threads is just garbage, with people's dreams turning into nightmares as the mortgage comes due. In my 35+ years of investing I have seen a lot of market excess and abuse. Some people in the domain field appear to be studying the unethical market practices I have seen for decades... that or the other option may be they really believe their own $&D*% ...
Remember, there is always another good investment tomorrow. There is no rush. I just hate to see people get hurt, and while a lot of the people may do well, most new people in the markets get hurt when they rush in without thinking.
Here is a question: How many people around here have a balanced portfolio of stocks, commodities, real estate, domains, businesses, etc? Are you ready for a recession or a few years of bad times? Are you ready for $8 gas (or $5/whatever) like another member here brought up??? Do you watch the business news, and if so, what are your thoughts about eroding fundamentals in the market? How about technicals? Several months ago when we hit 14000 I saw the glassy eyed looks of the market analysts as they spoke about 15000. I sold, and the market tanked. I see this same glassy eyed speculation here in some domain areas. Are you ready for a recession/layoff, should that happen?
Anyway, good comments as usual Sasha, and rep added. I doubt much will change though, human nature being what it is.
Marc
