Is now the best, or worst time to buy crypto-related domain names?

bitcoin-drops-in-june-2018

Unless you’ve been living under a rock you know that crypto has had a rough go so far this year. From exchange hacks to a pretty high impact article in the New York Times about price manipulation, things aren’t looking as bright as they did six months ago for the cryptocurrency world. If you haven’t read the NYT article that came out at the end of March, you should.

A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets. (Source – New York Times)

As we’ve seen over the last year, the price of crypto-related domain names follows closely with the price of Bitcoin and other popular cryptocurrencies like Ether and Litecoin. This means with the market as a whole down, domain prices are also down.

The question is – does that mean this is the time to buy crypto domains at a discount, or is this the beginning of the end which would mean they aren’t even close to discounted yet?

I personally think the cryptocurrency market is so new that it’s experiencing growing pains that are going to continue to hurt it for the near future. That being said, I’m still bullish on crypto as a whole and yes, I’m holding onto what I have until 2023 which is the first point that I’ve said I’d be comfortable selling at a loss.

Over the last six months I have sold some of my cryptocurrencies, but all at a profit…of course in 2023 what I have left might not be enough to buy a bag of chips, we’ll see. Nobody really knows where this is going but like I said above, I don’t think this is the end so I personally think that this might not be a terrible time to buy crypto-relate domains.

At the same time it’s important to realize that these investments will be incredibly risky since they’re tied to such a volatile market. So I thought I’d ask you, my readers, what you think. Is now the time to buy crypto-domains or in the words of Jim Cramer should you – sell, sell, sell.

I want to hear from you, comment and let your voice be heard!

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{ 11 comments… add one }

  • Snoopy June 14, 2018, 6:46 pm

    It is going to be a much smaller market that domainers expect I think, especially names specific to that industry. Eventually the buying will revert to brandy names if/when it becomes more mainstream.

    We’ve likely already seem the peak in terms of prices.

    Reply
  • Michael June 14, 2018, 6:55 pm

    Bitcoin kind of lied they said over and over it was going to cost pennies in fees to send money to someone then when it started going crazy last year the fees were over thirty dollars! I wouldn’t do anything with crypto until they fix Bitcoin.

    Reply
  • steve brady June 14, 2018, 7:15 pm

    Take a 4-Hour drive, drive 200 miles then turn around and head home. Anytime you pass another vehicle ask yourself, does this person care or even know about Bitcoin? Anytime a car passes you say, “Is he in a rush because of Bitcoin?”

    It’s how I formed my conclusion about GTLD’s, I eventually admitted that none of my fellow motorists gave a damn or recognized anything other than .Com

    Bitcoin is great (if you own 30,000 Bitcoins). Those same Whales, supposedly “Bitcoin Believers” really only believe in the US Dollar, since they keep cashing out Bitcoin for USD. USD Keep it.

    Reply
  • Jose June 14, 2018, 9:12 pm

    What you write about the market of cryptocurrencies as always between me and many people in the stock market have invested as much as they know that it is a sweet moment but the cautious professionals do not look for that much sweeter and that is when they have sold and have profitability, which they see the sweetness with which to believe that to gain much more these are the ones that lose since their greed in which it is not possible to believe is when not to receive great part of the invested thing.

    I am faithful to the market crypto currencies of the domain names a week ago to buy fifteen all (.com) I also believe that by the last sales that as your writing are not very high I would say regular, although many of these I think there are much negotiation and we do not really know their abundance of them.

    I have very good feelings in which I have and the Broker also, the problem of the domains, also comes to the wave of fraudulent markets at the hands of people who make lose the moment that the diners have to negotiate.

    Everything will come to your day and time.

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    Happy day.
    Jose

    Reply
  • Jose June 14, 2018, 9:20 pm

    What you write about the market of cryptocurrencies as always between me and many people in the stock market have invested as much as they know that it is a sweet moment but the cautious professionals do not look for that much sweeter and that is when they have sold and have profitability, which they see the sweetness with which to believe that to gain much more these are the ones that lose since their greed in which it is not possible to believe is when not to receive great part of the invested thing.

    I am faithful to the market crypto currencies of the domain names a week ago to buy fifteen all (.com) I also believe that by the last sales that as your writing are not very high I would say regular, although many of these I think there are much negotiation and we do not really know their abundance of them.

    I have very good feelings in which I have and the Broker also, the problem of the domains, also comes to the wave of fraudulent markets at the hands of people who make lose the moment that the diners have to negotiate.

    Everything will come to your day and time.
    Good weekend
    Jose

    Reply
  • Don June 14, 2018, 9:53 pm

    “Security tokens” are the future. In six months that is what everyone will be talking about. Hundreds of companies will need great domains to go along with any STOs. Old traditional ICOs have been associated with pump and dump no longer will people want to invest in them. Plus the Security token market will be 5000-50000x of whatever utility market is IMO. Global real estate is worth 217 trillion alone. Even if 4% gets tokenized under an STO that is huge. Imagine 500 domain investors buying 1 security token each on a generic name worth 3 million. Would be a great way to own a tiny piece of some digital real estate. 🙂

    Reply
  • Snoopy June 14, 2018, 11:05 pm

    Don, why would anyone want to own a tiny piece of some digital realestate? This is a all been done before, it is a bad idea because the owners will never be able to agree on when to sell or what to do with it. (lookup cowboys.com)

    Reply
    • Don June 15, 2018, 9:02 am

      @snop Domain market would be tiny- refer to Mikes statement above he described it best. Bottom line is that companies will need “token related domains” Tzero, Polymath, open finance are all coming on later this year.

      Reply
  • Mike Sallese June 15, 2018, 7:15 am

    It is still early innings in the crypto/blockchain/fintech space. There was a massive run-up in 2017 and this is a natural but painful pause/correction which is usual in any new innovative and fast moving space. Crypto Domains are still selling every day if you check Namebio- yesterday TradeCrypto.com sold for $9,900 and CryptoFeed.com for $5,250- these are good sales- not blockbuster- but CryptoWorld.com sold just 5 months ago for $195K!

    As for the security tokens that Don is speaking about- I agree that this could be huge in many asset classes that are especially illiquid (real estate/art/private companies, etc). In theory- any asset can be tokenized. In Manhattan, buildings cost in the millions if not much more. Think about being able to “own” a tokenized piece of real estate to have exposure to a market like Manhattan where you own a piece of the asset and earn the rights to dividends as well as the ability to easily sell the asset on an regulated exchange. This can really open up investing in the future and it is backed by real assets. Will be very interesting to watch going forward.

    Cheers,

    Mike

    Reply
  • steve brady June 15, 2018, 8:36 am

    There’s a fortune in “DUST” sitting on Binance. For example the remaining balance on my Binance account is $11. Presently there is no way to withdraw that cash because it’s comprised of fragments of 25 different cryptocurrencies I tested. For example, there’s .5 XRP (Ripple) in there, .008 XMR (Monero), .9 ADA (Cardano), make sense.

    If I had the skills, I’d register BuyMyDust.com to aggregate that value and let account holders transfer it out. Not counting on the exchanges to be motivated about it, they’d rather the accounts be abandoned and keep all that dust for themselves.

    Times their 8 million accounts by $10 and that’s how much untapped “crypto dust” is sitting there.

    Reply
  • Anonymous June 15, 2018, 3:42 pm

    You guys should really get off this Crypto wave and move on.

    Reply

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