Patience is a virtue, but stubbornness isn't.
Time does not always pay off, because extensions can actually depreciate over time. When a new extension is launched, the value peaks during the hype (release) period. But that doesn't last long, after the initial frenzy it comes more or less worthless.
Well, so far that's true, but it doesn't mean that will persist as the ability to hand reg a .COM anywhere near reasonably fitting for an arbitrary endeavor is becoming nearly impossible.
The gTLD rush may actually give people some alternatives that aren't as absurd and myopic as the forerunners.
Just look at the amounts paid at the landrush .co/.mobi/.asia auctions, and the current valuation for these extensions.
All new extensions have proven that the expectations and reality do not converge.
Yeah, but most of those extensions are tacky or have some blatant inherent liability, IMO.
.mobi -- Dot mobi what? Dot mobi dick? It just sounds dumb; and further, there's no need to get a separate dot mobi domain, because a good Internet service can determine the client type and adapt the content accordingly. So mobi sounds dumb, and it's pointless.
.web - Did someone not know they were browsing the web? It's so redundant, why even put an extension on the domain name at all? What about dot snore, dot ugh or dot howdy?
.me - Whoopie! Look at me! Look at me! Thanks dot me! If .dot me didn't over-emphasize the likelihood that the service provides individually-tailored content, I might never figure it out. Gee, um, ... I don't feel patronized by that Sesame Street style pandering at all.
.co - Sounds like an anemic .com. Only marginally better than dot biz, which sounds too clichรฉ to take seriously. In fact, dot CO is so desperate to hook-up with a consonant, it was seen trying to pick-up dot DE in a bar.
.tv - not enough people are prepared to live up to the implicit content delivery requirements of a video-oriented domain, IMO.
.pro sounds great, but the the rules are too idiopathic to fathom in some ways. That can be fixed.
Most of them have missed the mark in some key way and missed something obvious about how they'd be perceived.
Some of the new proposed gTLDs seem less saddled with the same liabilities and may stand a better chance. Only time will tell.
That definitely makes sense, 104 millions .com domains, some of which are as old as 1985 are suddenly in urgent need of replacement

.com isn't going anywhere, the only major trend is that the market share of ccTLDs will continue to grow.
.COMs aren't going anywhere, but people can't afford them as the namespace is saturated and people hoard and squat on them and jack up the prices. I don't see .COM as losing its prestige for a long time if ever. But people are being forced to find alternatives, and so far I don't see really fitting alternatives offered, but that could change.