are we all pawns in a larger game, or are we on the forefront of something bigger to come?
your thoughts?
I think there are two great tectonic plates moving, at the moment, which are, & will, work to effect prices, and the outlook, for domains, for the foreseeable future...
(i) Economics
The shakeout we're experiencing due to the global economic downturn (GFC), and the decline in asset values of all classes in so many countries + tight credit availability for many business & individuals.
The effect of these is currently a classic depressor, of course.
But, everything moves in cycles. So, this downturn will correct itself.....Asset prices will recover...
The calculation is timeframe:
...Will it turn around steadily over the next year, or so...? Or, will asset prices (including domains) stagnate for
years...? (Japan has experienced effective deflation & stagnation for 20 years now).
This is truly an unknown, at present, imo.
(ii) The Internet 'Revolution'
The internet, itself, is incredibly young....Its a new frontier - no less a revolution, in terms of its effect (now, and, in the future) on the way we all live, work and play, than the Industrial Revolution of the early 1900's.
Massive changes are in train - right now - that are completely unknowable in how they'll work to effect human systems, organisation, and living into the future.....But, the growth in internet usage can only grow at a fantastic rate from here.
Domains are at the heart of this Internet system.
....So, logically, the demand for domains is hard-wired into the process. This says there will be upward price-pressure, simply because of insatiable demand.
But, as with all New Revolutions, we can't know exactly how they will develop....A breakthrough technology could upend the DNS system entirely - and, render 'language/numerical' internet addresses redundant.
So, the OP's question:
'Where are we in the Domain Cycle?'
Who knows....?
But, my bet's on great money to be made with domains, themselves - and, the building of businesses on them - for the foreseeable future (with patience & imagination)....
.