NameSilo

What's up with 7N Craze?

Labeled as discuss in Numeric Domain Discussion, started by Pliq, Nov 2, 2015

Replies:
118
Views:
8,405

  1. Pliq

    Pliq Established Member

    Posts:
    72
    Likes Received:
    94
    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?
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

    Posts:
    3,389
    Likes Received:
    4,295
    It is quite normal. I regged 10 N7 s and aold them in the same day ! . Age doesnt matter in this game. :)
     
  3. Pliq

    Pliq Established Member

    Posts:
    72
    Likes Received:
    94
    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.
     
  4. mirul

    mirul BrandCraze.com VIP ★★★★★★★★★★

    Posts:
    4,766
    Likes Received:
    2,232
    Yeah, agreed... Nothing is craze, its normal :xf.grin:
     
  5. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

    Posts:
    3,389
    Likes Received:
    4,295
    Thanka : )

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

    GravityEleven Top Contributor VIP

    Posts:
    960
    Likes Received:
    2,189
    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..
     
  7. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

    Posts:
    3,389
    Likes Received:
    4,295
    Anyone ever sold anything on Pheenix? Or you just buy from them and not list?
     
  8. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    16,271
    Likes Received:
    23,402
    It looks like this was a drop Daniel, caught by NameJet and winning bidder took it that high in auction.
     
  9. 21x20

    21x20 Domainer Since '95 #oldschool #orjustold VIP ★★★★★★★★★★

    Posts:
    1,041
    Likes Received:
    835
    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. ;)
     
  10. GravityEleven

    GravityEleven Top Contributor VIP

    Posts:
    960
    Likes Received:
    2,189
    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
     
  11. Taesong Chong

    Taesong Chong New Member

    Posts:
    2
    Likes Received:
    1
    It was registered 5 year ago.

    "Registrar History 5 registrars with 3 drops."
     
  12. artstar

    artstar Top Contributor VIP

    Posts:
    2,007
    Likes Received:
    1,728
    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.

    :xf.confused:
     
  13. jideofor

    jideofor Top Contributor VIP ★★★★★★★★★★

    Posts:
    3,112
    Likes Received:
    3,920
    please what are the bad numbers in this numeric domains?
     
  14. artstar

    artstar Top Contributor VIP

    Posts:
    2,007
    Likes Received:
    1,728
    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 !

    :xf.confused:
     
  15. jideofor

    jideofor Top Contributor VIP ★★★★★★★★★★

    Posts:
    3,112
    Likes Received:
    3,920
    i have read up what I need... thanks
     
  16. Pliq

    Pliq Established Member

    Posts:
    72
    Likes Received:
    94
    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?
     
  17. JayT

    JayT Restricted (85-100%)

    Posts:
    1,840
    Likes Received:
    960
    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.
     
  18. namethreads.com

    namethreads.com Established Member ★★★★★★★★★★

    Posts:
    3,297
    Likes Received:
    160
    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.
     
  19. Pliq

    Pliq Established Member

    Posts:
    72
    Likes Received:
    94
    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?
     
  20. 33S

    33S Established Member

    Posts:
    900
    Likes Received:
    233
    Guys, what pattern is better: ABCCCAB or ABCCCBA?
     
  21. 21x20

    21x20 Domainer Since '95 #oldschool #orjustold VIP ★★★★★★★★★★

    Posts:
    1,041
    Likes Received:
    835
    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. ;)
     
    Last edited: Nov 4, 2015
  22. 21x20

    21x20 Domainer Since '95 #oldschool #orjustold VIP ★★★★★★★★★★

    Posts:
    1,041
    Likes Received:
    835
    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.
     
  23. DnEbook

    DnEbook DataGlasses.Com VIP ★★★★★★★★★★

    Posts:
    15,653
    Likes Received:
    6,185
    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
     
  24. GravityEleven

    GravityEleven Top Contributor VIP

    Posts:
    960
    Likes Received:
    2,189
    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)
     
  25. DnEbook

    DnEbook DataGlasses.Com VIP ★★★★★★★★★★

    Posts:
    15,653
    Likes Received:
    6,185
    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
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...