Quote:
Originally Posted by crucifissio
those 8 number domains and the likes are going to end so badly for people.
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The Chinese tend to avoid English and have real affinity with numbers but I suspect you are right about that. There is no logical sense in registering a domain (dot com or otherwise) that is about as long or longer than an IP number.
The interesting thing is that a lot of these registrations are coming from a small group of Chinese companies. Domaintools shows some of these companies owning over 4 million domain names each.
Simple math assuming average registration price of $9 USD shows that 4 million dot coms will cost over $36 million USD per year to renew. I can see value in say 5 or 6 digit dot coms. They're already selling for decent markup but you'd have to take a long term view to see big tickets unless its a number with lots of 8's (8 is a lucky number in China).
The crazy thing is that I remember some guy (a decade ago) buying up all the random 4 letter dot coms when no-one wanted them and being called a complete idiot in 2006 when most people thought they were too late for the land grab. That guy grabbed over 120,000 of them and just looking at the basic sales price happening on the forums today, they are selling at around $2000 USD each:
6.xyz Tops This Week's Sales Chart After Changing Hands for Six Figures in One of Year's Four Biggest Non .Com Sales
That implies his portfolio is now worth at least $240 Million USD.