There has been a lot of controversy lately over domain name bloggers starting to talk about Bitcoin. I wrote two posts about this topic, both which had a very lively comment stream which can help you understand the great debate better, and is pretty entertaining thanks to some particularly vocal readers of mine!
Today rather than talking more about if domains and Bitcoin are similar…I wanted to talk about another topic that has peaked by interest over the course of the year. What I’ve noticed is increased bidding activity and higher prices on cryptocurrency-related domain names than I have ever seen before.
Now I’m not incredibly surprised by this, heck with Bitcoin climbing into the $17,000 range at one point last week it’s not secret that Bitcoin is all the rage. The question I have is, does this make Bitcoin-related domain names more valuable or are people wasting money that they could put into the cryptocurrency itself?
Here are a couple of examples of popular Bitcoin/cryptocurrency-related auctions going on right now:
BitcoinChange.com is currently at $1,525 on Go Daddy still with almost four days left in the bidding. CoinZoom.com is up to $565 with over a day left and MeCoin.com (which used to run a controversial/scam service) is up at $807.
Domain names with the word “coin” in it have been performing pretty darn well in the aftermarket all year, here’s a look at some of the coin-related domains that sold over the summer:
(Source – NameBio)
Domains like CoinBook.com sold for $20,000 and CoinTax.com sold for $12,200 so it looks like there’s already a good base in place to justify a five-figure price tag for the more premium coin domains. The question is, are these domains getting more valuable as Bitcoin continues to climb in price?
What do you think? Comment and let your voice be heard!