BitcoinWallet.com - SOLD for $250,000

[Joshuar]

250k, nice.

[BitcoinExchangeIndia.com]

What may be the possible cost of www.BitcoinExchangeWorld.com ?

[BittBurger]

Wow!  I find it hard to imagine that will pay off.  Why not just invest the $250,000 in bitcoin instead?

Because certain types of people are so entrenched in the "old school" way of thinking, as far as how to "truly" get rich, that they must continue doing things the old school way.  Like spending hundreds of thousands of dollars on a domain name so they can build a legitimate business around it.   Or, like most businesses:  Fail after the first year.  

I see stuff like this and I just picture a typical business person in a suit who thinks Bitcoin is pretty neat but has no true belief that it will ever hit astronomical values.  So he buys the domain name.  Cuz ... well .. thats just what you do.

-B-

[domain-guru]

Wow!  I find it hard to imagine that will pay off.  Why not just invest the $250,000 in bitcoin instead?

Because certain types of people are so entrenched in the "old school" way of thinking, as far as how to "truly" get rich, that they must continue doing things the old school way.  Like spending hundreds of thousands of dollars on a domain name so they can build a legitimate business around it.   Or, like most businesses:  Fail after the first year.  

I see stuff like this and I just picture a typical business person in a suit who thinks Bitcoin is pretty neat but has no true belief that it will ever hit astronomical values.  So he buys the domain name.  Cuz ... well .. thats just what you do.

-B-

Actually, given the rather low opinion that the general public has about Bitcoin right now, a good domain is even more critical.

It won't solve a crisis in credibility, but a good name can give you lots of goodwill that that something silly as Easyco.in will not. Once again, I'm talking about the GENERAL PUBLIC not geeks or Bitcoin early adopters. Remember, the general public is STUPID. Anything that confuses them or that isn't blatantly simple is bad marketing and bleeds money to competitors.

Who would you sign up for if you were a gullible noob?

EasyCo.in

or EasyCoin.com

Which has an established notion of credibility? It may be news to lots of you, because you couldn't give a shit about domain names as they're just technical placeholders to you, but for much of the public, alternate extensions of any kind spell spam, phishing and Russian scammers. Doesn't matter what the reality is....perception is what matters.

BTW to the earlier point BitcoinWallet.com being a fraud or money laundering, it's possible in the latter, but in the case of the former, DNJournal gets proof of the transaction before they publish it as a sale. I know because I've some of my own big sales vetted by them.

[romang]

That's a crazily expensive investment for a domain that's so general if you're trying to start a BTC wallet business.

I can't see it paying off, but who knows...

I see this being sold for 100 In a few years.

[altnoob]

That's a crazily expensive investment for a domain that's so general if you're trying to start a BTC wallet business.

I can't see it paying off, but who knows...

I see this being sold for 100 In a few years.

If bitcoin continues to go up or even stays the same this domain will be never go down to $100.  Someone will always be willing to spend $$ on it, even if only used as SEO.

[EFFV]

 

[spazzdla]

Wow!  I find it hard to imagine that will pay off.  Why not just invest the $250,000 in bitcoin instead?

I'm hoping Namecoin takes off and .bit becomes the de facto extension for crypto related ventures.  I listed a few domains very recently on dotbit.me such as donations.bit, payment.bit, remittance.bit, etc for between 0.05 and 0.1 BTC.

Perhaps your last name is Rothschild and you have a plan.. that is why.

[Beliathon]

Bet you 100 BTC that site will end up sucking and out of business within 2 years.

[CoinRocka]

Im trying to sell UmbilicalCords.com and 3DProjection.com...any takers?

[Darksoul9510]

With the amount of traffic the keyword is getting, I think that domain is worth that much.

[CryptoDomains]

It was a good buy and here is why.

With the traffic and ability to turn that traffic into revenue youd have to be a screw up not to recoup the money.

That is why keyword dot com with natural traffic that is targeted is easy money and any amount from 10's of thousands to hundreds makes sense if you have half a brain.

[notbatman]

Wow!  I find it hard to imagine that will pay off.  Why not just invest the $250,000 in bitcoin instead?

Because most finance entrepreneurs don't give a flying fuck about Bitcion.  They're just trying to make money off the latest fad.  Therefor their stupidity kicks in, and they treat this like any other startup.  Even if that means blowing $250k on a domain name.  Their trust is in the "Business Plan" and their own ability to grow a business.  Bitcoin is just a tool for most of them.  No awareness of investing in Bitcoin instead, and sitting on 200 million in 10 years.   To them the thought of that happening is absurd. 

Using Bitcoin to further your business is Bitcoin in action. If you don't have trust in your business plan you're not going to have many Bitcoins. I think this is a smart publicity stunt, showing that they're serious.

[notbatman]

Will they have an iphone wallet?

[notbatman]

It looks like iphone users are being forced into communal relationships with various unknown 3rd parties in order to use Bitcoin.

[Liquid]

coincomputing.com
bitcoinhoneybadger.com
cryptobitcoin.com
litecoinlitecoin.com
bullishbitcoin.com
magicbitcoin.com

PM always welcome 

[Onar]

 Probably the investor has so much money that he invests in a lot of different projects. Its cold diversification, and in investing in multiple projects probably a few of them take off, but if so the investor is happy.

That's a crazily expensive investment for a domain that's so general if you're trying to start a BTC wallet business.

I can't see it paying off, but who knows...

[RawDog]

Bet you 100 BTC that site will end up sucking and out of business within 2 years.

Of course.  After all, their administrators make very dumb business decisions like spending insane amounts of money for dumb domain names.

[bitcasino]

"BitcoinWallet.com - SOLD for $250,000" = It helps to increase the price of other bitcoin related domain names.

[BitCoinDream]

One should always be careful not to use BitcoinWallet.com service. Their primary motto will be to raise this amount buy butchering initial customers.