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Originally Posted by VRPdommy
Most of what they are placing a high value to will have little to no chance of a end user need or want let alone competition for it from more than one player in the next 10 years.
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Well 4L Dot Coms which exclude letters a, e, i, o, u and v are known as CHIPs in Domain Name terminology. They were selling for $30 just 7 or 8 years back and today $2k seems to be the floor in most cases and $3k plus sales happen quite often.
Yes its true that the Chinese are investing in the internet but as you say, they are looking for portable wealth, in order to thwart capital controls but also to evade a likely forthcoming devaluation of the Chinese RMB.
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Unless something changes, that does not apply to the 2L & 3L .com's but in that case, they are pricing them high enough that they will not have a likely buyer even if there is a need or a want.
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It doesn't apply to 2L or 3L dot coms because taken together, there are only around 18,000 in total. For perspective, there are over 50,000 cities in the world.
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If they do not change their buying rabbits and concentrate on names that have a chance of end-user demand in 8 years or less... well ...how do you spell bubble market ?
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I presume you mean habits rather than rabbits (which are eaten in China).
Anyhow, the point is it all comes down to the numbers, rarity, demand and supply etc. I definitely think that short Domain Names in LLLL.com (CHIP or otherwise) are now proven to at least some degree because they are in wide use and are acronyms of words which have actual meanings in Chinese.
LLLL.com = 457k combinations
CHIP LLLL.com (excl a,e,i,o,u,v) = 160k combinations
CHIP 6N (excl 0,1,4) = 117k combinations
No-one can predict how the market will develop but for sure, short domains are going to be in demand going forward the chinese market also has a real penchant for numeric domain names.