discuss What's up with 7N Craze?

[Pliq]

Just saw an unbelievable 7N domain sales on namebio.

Domain: 5886888 (dot com)
Sold for $2,012

Surprising part is that the domain was registered less than week ago:

Creation Date: 2015-10-29

So I get it now that if there are more 8s in a numeric domain, it is sure to attract buyers! Or am I missing something?

 

[Abdullah Abdullah]

It is quite normal. I regged 10 N7 s and aold them in the same day ! . Age doesnt matter in this game.

 

[Pliq]

It is quite normal. I regged 10 N7 s and aold them in the same day ! . Age doesnt matter in this game.

That's nice, congrats fellow domainer.

But what amazed me is the selling price, just a 3 day old domain for over $2,000, that's really is amazing.

I have firm belief now that there's nothing more profitable business than domain investing/buying/selling.

 

[mirul]

It is quite normal. I regged 10 N7 s and aold them in the same day ! . Age doesnt matter in this game.

Yeah, agreed... Nothing is craze, its normal

 

[Abdullah Abdullah]

Thanka : )

The price got high because it was on aiction platform and not reseller platform .. I think it was Namejet.

 

[GravityEleven]

for a 7N to consist mostly only of 8s except 2 digits it sold rather cheap actually.. he sold it off too early, should have hold on to it for a while, but just my 2 cents anyway..

 

[Abdullah Abdullah]

Anyone ever sold anything on Pheenix? Or you just buy from them and not list?

 

[equity78]

for a 7N to consist mostly only of 8s except 2 digits it sold rather cheap actually.. he sold it off too early, should have hold on to it for a while, but just my 2 cents anyway..

It looks like this was a drop Daniel, caught by NameJet and winning bidder took it that high in auction.

 

[21x20]

Just saw an unbelievable 7N domain sales on namebio.

Domain: 5886888 (dot com)
Sold for $2,012

Surprising part is that the domain was registered less than week ago:

Creation Date: 2015-10-29

So I get it now that if there are more 8s in a numeric domain, it is sure to attract buyers! Or am I missing something?

This was a drop catching auction at Namejet. Tends to be a different beast from regular auctions and reseller sales.

for a 7N to consist mostly only of 8s except 2 digits it sold rather cheap actually.. he sold it off too early, should have hold on to it for a while, but just my 2 cents anyway..

Only if "he" is not just namejet from the drop.

However, if we assume "he" was not Namejet, and "he" actually registered this name on 10/29 ... It's not selling off too early to take 200x your return in three days. Annualized, that's over 20,000 times return on investment. So, even if the price were to rise to $10,000 for this name over the next 2 years, holding it would have reduced the rate of return dramatically -- Instead of 20,000 return annualized down to about 500x annualized return.

It is absolutely *not* able the final sales figure. It is all about the amount of money made and the time between investment and sale.

 

[GravityEleven]

alright, got caught up by the original poster's statement that the domain was regged just a week ago

makes sense then if this was a drop catching auction

 

[Taesong Chong]

It was registered 5 year ago.

"Registrar History 5 registrars with 3 drops."

 

[artstar]

Could also be a group selling and buying their own domains to raise interest or even to launder funds?

Doesn't make sense and looks suspect IMO.

 

[jideofor]

please what are the bad numbers in this numeric domains?

 

[artstar]

please what are the bad numbers in this numeric domains?

The numbers are fine IMO but there are tons of better shorter ones that would be worth that and more.

But who knows in this crazed domain industry !

 

[jideofor]

The numbers are fine IMO but there are tons of better shorter ones that would be worth that and more.

But who knows in this crazed domain industry !

i have read up what I need... thanks

 

[Pliq]

Guys, I know a little about Chinese numbers but what would you recommend when using "0" and in "which pattern" it can be considered good in Chinese?

I just saw on a Wiki page that 0 is one of Chinese lucky numbers, but any pattern in which this "luck" thing works for them?

 

[JayT]

This was a drop catching auction at Namejet. Tends to be a different beast from regular auctions and reseller sales.



Only if "he" is not just namejet from the drop.

However, if we assume "he" was not Namejet, and "he" actually registered this name on 10/29 ... It's not selling off too early to take 200x your return in three days. Annualized, that's over 20,000 times return on investment. So, even if the price were to rise to $10,000 for this name over the next 2 years, holding it would have reduced the rate of return dramatically -- Instead of 20,000 return annualized down to about 500x annualized return.

It is absolutely *not* able the final sales figure. It is all about the amount of money made and the time between investment and sale.

This is funny to me. IDK If he sold it too early or not, but what is funny is the annualized return remark. "If the price to rise to 10K 2 years he still didn't do bad because the annualized return would be reduced dramatically - only 500x". Do you work for a brokerage or bank? That is some real feel-good number spin... He theoretically missed out on 8,000$! Where can he take this 2k profit now and turn it into 8k+ in 2 years time to beat the return rate on this theoretical missed opportunity? With such disparity between renewal cost and profit over 2 years plus the added risk of investing in something else for even better return, the aunnualized rate is really moot. I wish I could come up with a good simile.

 

[namethreads.com]

Guys, I know a little about Chinese numbers but what would you recommend when using "0" and in "which pattern" it can be considered good in Chinese?

I just saw on a Wiki page that 0 is one of Chinese lucky numbers, but any pattern in which this "luck" thing works for them?

1. Domains containing 0 or 4 sell for much less than others--steer clear if at all possible. It isn't so bad if the domain ends with a zero. Ending with multiple zeros is good.
2. The more 8s the domain contains, the better.
3. Numbers in a row (such as 888, 2222) are good, especially if the numbers in a row are at the end, or, second best, at the beginning. So 2567888 is better than 8882567, which is better than 2588867 which is better than 2588687.

 

[Pliq]

1. Domains containing 0 or 4 sell for much less than others--steer clear if at all possible. It isn't so bad if the domain ends with a zero. Ending with multiple zeros is good.
2. The more 8s the domain contains, the better.
3. Numbers in a row (such as 888, 2222) are good, especially if the numbers in a row are at the end, or, second best, at the beginning. So 2567888 is better than 8882567, which is better than 2588867.

I thought 0 is also lucky for Chinese:
en.wikipedia.org/wiki/Numbers_in_Chinese_culture

So in a domain, 0 is a no no (not lucky) I presume?

 

[33S]

Guys, what pattern is better: ABCCCAB or ABCCCBA?

 

[21x20]

This is funny to me. IDK If he sold it too early or not, but what is funny is the annualized return remark. "If the price to rise to 10K 2 years he still didn't do bad because the annualized return would be reduced dramatically - only 500x". Do you work for a brokerage or bank? That is some real feel-good number spin... He theoretically missed out on 8,000$! Where can he take this 2k profit now and turn it into 8k+ in 2 years time to beat the return rate on this theoretical missed opportunity? With such disparity between renewal cost and profit over 2 years plus the added risk of investing in something else for even better return, the aunnualized rate is really moot. I wish I could come up with a good simile.

I personally think there's plenty of places to do this in the numeric and short name spaces, especially given the ability to buy from resellers here at np. For example... I sold a numeric name to a Chinese investor last week for $6k and almost immediately replaced it with a $1,500 buy at GD of equal (or likely better quality) to the $6k name I sold. When you have a buyer willing to pay a premium in the "now", you can reinvest for better returns in the "later". All part of the "it takes money to make money" mantra.

But sure, absolutely -- for someone who sees this concept as some weird bank or brokerage phenom and doesn't see the opportunity to work towards for a better return, then sure I'd agree -- they should've held on ... It's certainly easier than actually working for a better return.

 

[21x20]

Guys, what pattern is better: ABCCCAB or ABCCCBA?

I tend to opt for the palindromes over the book ends. From what I've seen they do better ..... But that's purely observational and I have no actual stats.

 

[DnEbook]

Guys, what pattern is better: ABCCCAB or ABCCCBA?

I prefer the first example, not too sure if everyone gets the palindrome style names. I like them but not too sure about everyone else, so I tend to lean towards the first

 

[GravityEleven]

Palindromes generally do better, as can also be seen on Namebio from 5N to 8N sales.. also they have a more natural balance feeling to them about which chineses seem to care a lot.. (same with the yin and yang type of numbers)

 

[DnEbook]

I agree they look better and have a natural balance, just not sure if the buyers agree, i think the less numbers in the palindrome the better, less confusion