Years ago I hand registered a bunch of domains with the word “bitcoin” in them. Now, before I go any further let me be clear – I’ve never really made any money with hand registered domains, the vast majority of domains I’ve sold have either bought through an expired domain auction or directly from the owner.
I’ve had a few sales here and there from hand regs but I think the largest was DreamVodka.com for $2,500 so really nothing to write home about.
When Bitcoin was getting popular and in the $200 – $300 range I hand registered a handful of domains with the word “bitcoin” in them and to-date I have had zero offers and zero sales on all of them. Of course when you hand register a domain in many cases you’re very late to the party so you’re getting the junk, the scraps left over after people who knew a lot more than you about a subject picked off the best ones.
Lately I’ve been seeing pretty terrible domains with the word “bitcoin” in them expire and see some pretty interesting bidding activity. I think there are just some investors out there who think, “if the domain has the word bitcoin in it then it must be worth money!”
So I thought I’d track a domain that I’m dropping that I personally think is the worst of the names I hand-registered and honestly isn’t even worth reg fee…and we’ll see how it does on the expired domain market.
I wanted to write about it now since it just expired so there’s still quite a bit of time until it goes to auction. If I wrote about it too close to the auction I could screw up my experiment because then I could cause people to bid on it. Instead, now most people will forget and I can just talk about it after the fact.
That being said, if you want to follow along, the domain is BitcoinGroove(dot)com, a pigeon shit of a domain that I’m dropping. Now let’s see if someone picks it up, if a bidding war starts, and if just the word “bitcoin” itself makes it an attractive pick once it his the auction block.
As I’ve said many times before like a broken record, I think the best opportunities in the domain investing world are with .COM domains either bought through expired domain auctions or directly from the owner. While you can get lucky here and there with hand-registered domains, building a profitable business with any meaningful revenue with them is almost impossible IMO.
What do you think? I want to hear from you, comment at let your voice be heard!