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July 31, 2014, 03:06:57 PM |
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I do not own gold I sold all my real estate in 1995 I sold all my stocks in 1999
In 1995 my first day in the domain name industry I bought 1,000 domains from the only registrar then netsol
Entry fee then 100 a name for 2 years registration
So my first day in the net game I stroked a check for 100K and that night in a niteclub my buddies thought I was nuts, wtf is the net they said
Now I got some btc, but more importantly I got 100 or so bitcoin and btc related domains
I know domains I've made mega millions from them in 20 years of domain name investing and developng
So let's compare the two investments
I put 500 on a bitcoin what was worth a nicklle a few years ago, if it goes to 5K I make tenfold, it may go to 50K I make 100 fold
If you believe in 500K btc fine, it is 1000 fold
I can grab a 99 cent coupon for godaddy and register a domain today, and a really good one IF YOU KNOW THE SECRET of how major asset domain names are still not registered
And sorry, I'm not about to give that up, since everymonth we buy from that untapped pool of .com's you can still register that most of the domain world has yet to discover
Now let's say I'm full of BS and there are no such .com's yet, well anyone can search major terms and see many TLD's (net/org/us/ca/biz/info/etc) are still open for MAJOR TERMS
So I buy a domain for 99 cents to maybe 10 bucks and now I have something I can go to wipo an international court if someone steals it from me and get it back
Now I'm a geek I can create a site in a few hours, HD Video on the front door, news/blog, forum, instant email list, SMO it up with accounts on twitter, youtube, facebook, reddit and bang I have something I can easily turn into an asset where I can flip the name for 1K or 10K or 100K easily depending on the niche and a little work
So 10 bucks to 10K or 100K is done all the time in domain names and it's got the wipo protecting it
Now why should I put 500 into a bitcoin, that goes to 5K if I'm lucky and if it gets stolen who do I go to?
Yet I'm a believer, other than domain names I have put money into nothing, domain names for 20 years and now some into bitcoin and btc related domains
So I'm a believer
Now the only reason I'm remotely interested in btc is due to the big IF, IF btc gets to be just 10% of the gwp each coin is worth 500K
So we have 1000 fold growth IMO
Another reason I love bitcoin, the fractions, since my main business model for my own domain name development is the exact same model, instead of buying cheap 10 buck domains I often buy very expensive keyword domains, not to sell but to develop and then FRACTION LEASE to companies/professionals in every major city in the world that benefits from being a fraction tenant on my asset
Anyway, other than having IP rights in digital content, films, music and books, the only other two assets I want are domains and bitcoin
So yeah, to me, btc is as good as a major domain name only more common
My .00004 satoshi
LONG REIGN BITCOIN
BITCOIN IS AS SOLID AS A KEYWORD .COM IMO
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