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Wonka
Member
 Offline
Activity: 64
Merit: 10
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August 04, 2014, 03:27:44 PM |
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That's an insane amount. What are they planning on doing with it?
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ensurance982
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August 04, 2014, 03:29:49 PM |
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They're showing up everywhere, it seems! Are their miners good? I just wondered where BFL.com gets me. "Body for Life" They seem to be selling gym stuff and pumping... stuff...
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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BitCoinNutJob
Legendary
Offline
Activity: 1316
Merit: 1000
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August 04, 2014, 03:39:07 PM |
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Seeing someone buying BTC.com for 1.1million makes me think the current market cap is low. Seems like a ton of money when you can buy a decent domain for $1k and build a brand for the rest of the money saved.
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darkota
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August 04, 2014, 03:45:25 PM |
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WOW!
Bitcoin is gonna have a trillion dollar marketcap most likely anyway, so this is probably "cheap" compared to what it would be in the future.
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EvilPanda
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August 04, 2014, 04:53:16 PM
Last edit: August 04, 2014, 05:03:27 PM by EvilPanda |
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I had the pleasure of running their signature campaign and they were always on time with the payments. I also used their hosting services and can't say a bad word.
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Crindon
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August 04, 2014, 05:29:46 PM |
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So, the domain was first registered in 1997?
Wow, I wonder how much an actual Bitcoin will be worth in 17 years.
Maybe $650 x 6500 ($1.1 Million/$170, cost of maintaining the domain over 17 years)
around $4,200,000 per Bitcoin?
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BitCoinDream
Legendary
Offline
Activity: 2324
Merit: 1204
The revolution will be digital
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August 04, 2014, 05:32:47 PM |
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This reminds me that BicoinWallet.com was sold for 2 million USD and now they advertise themselve on Google as official bitcoin wallet  |
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FUR11
Sr. Member
Offline
Activity: 378
Merit: 250
FURring bitcoin up since 1762
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August 04, 2014, 05:34:15 PM |
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So, the domain was first registered in 1997?
Wow, I wonder how much an actual Bitcoin will be worth in 17 years.
Maybe $650 x 6500 ($1.1 Million/$170, cost of maintaining the domain over 17 years)
around $4,200,000 per Bitcoin?
Yeah, incredible, isn't it? But all 3-letter-domains have been sold for years now! They're so universally usable and the entropy isn't that high (about 17576 domains) that they were registered by domain squatters pretty quickly. Who was the previous owner? |
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DeboraMeeks
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August 04, 2014, 06:17:15 PM |
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This reminds me that BicoinWallet.com was sold for 2 million USD and now they advertise themselve on Google as official bitcoin wallet It doesnt seem to be doing too well IMO, and it was bought for 250k along with bitcoinwallets.com. btc.com is a valuable domain! |
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DeboraMeeks
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August 04, 2014, 06:17:49 PM |
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I had the pleasure of running their signature campaign and they were always on time with the payments. I also used their hosting services and can't say a bad word.
Im part of it too, great deal, thanks again for running it  |
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FreeBitcoins.com
Newbie
Offline
Activity: 55
Merit: 0
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August 04, 2014, 06:22:45 PM |
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so the previous owner of BTC.com must have declined offers of $100k, $250k, $500k, $750k, $900k, $1Million, and then he said "yes" to $1.1 Million...amazing!!!
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trynmpo
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August 04, 2014, 06:57:45 PM |
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wow !! pretty high amount paid by them .. I think blockchain.com holds the previous rights for BTC.com , if i am not wrong blockchain baught it for few thousand usd in recent months ... and now BINGO  |
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bitgeek (OP)
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August 04, 2014, 09:45:54 PM |
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littlewizard
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August 04, 2014, 10:30:47 PM |
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Amazing, with 1.1 million USD for a website, they must expect to earn 11 million or 110 million
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transient858
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August 04, 2014, 10:33:13 PM |
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Amazing, with 1.1 million USD for a website, they must expect to earn 11 million or 110 million
Only if bitcoin rally and grow in the future. |
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atc1
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August 04, 2014, 10:37:18 PM |
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That's quite a lot. But for a miner company that have been the winners of this whole cryptocurrencies trend,I don't find it uprising that they own a majority of the money that has been realized so far. Also they may expect much larger profits through the site,though I'm not entirely or completely sure how will go about achieving that goal.
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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August 04, 2014, 10:40:06 PM |
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Paying 1.1M for it is quite the gamble, but good for the firm that got the money. They also hold other BTC.xx domains.
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Mobius
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August 04, 2014, 10:44:20 PM |
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Amazing, with 1.1 million USD for a website, they must expect to earn 11 million or 110 million
This is unlikely. They probably expect to make at least an amount that has a NPV of $1.1 million. There are very few opportunities to be had when someone can reasonably expect to earn 10x or 100x your original investment. |
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bigasic
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August 04, 2014, 10:47:16 PM |
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It really doesn't matter if their hardware business works or fails. The btc.com domain can be used for almost anything.. While its expensive, I believe that that domain will be worth 10x the amount in a few years..
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