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JessyMatt (OP)
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August 06, 2014, 09:22:52 PM |
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The bitcoin domain name BTC.com was sold to Josh Garza of GAWMiners for a whooping $1 million dollars a few days ago! Do you think it's worth $1M, MORE or LESS? and what would you do with it if it was yours? |
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madken7777
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August 06, 2014, 10:22:11 PM |
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If there is someone paying for it, then yes, it is worth 1M. That is the concept of free market.
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Mobius
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August 10, 2014, 08:57:59 PM |
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It would only be worth it if the company buying it would have a bigger advertising budget over several years. Instead of using advertising dollars to advertise their website the company could use the money instead on the domain.
I personally don't have a bitcoin related business that I could really use this domain for so I would likely sell it if I were to somehow come into possession of it, however I think domains are a very bad investment to speculate with so I really would not ever buy one or register one.
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bitllionaire
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August 11, 2014, 12:56:10 AM |
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things value is what people are willing to pay
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catena5260
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August 11, 2014, 01:27:52 AM |
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Whoever has 1M to buy a internet domain is smart enough to have an investiment plan, so I think yes.
Or it is just play money for the buyer, like the $10 I put on Doge few days ago, and part of the risky portfolio, so no one, even the buyer, know if it isgoing to be worth or not
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lihuajkl
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August 11, 2014, 09:14:43 AM |
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It worths if the buyers think it do. I have no btc related business and I wouldn't buy it for 1 million.
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TheGull
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August 11, 2014, 09:25:16 AM |
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things value is what people are willing to pay You are confusing value with price. Price is what people are willing to pay, value is what the investment makes you over the journey. The beauty of markets is no one knows what the real value is and views differ, hence price and value almost always differing. For what it is worth, a million bucks seems a lot for this domain, even though it has to be the best domain in the world of bitcoin. |
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Muhammed Zakir
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August 11, 2014, 09:54:21 AM |
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I think GAW Miners, have something in plan that will make a lot of money with it.
I like I get sites but I won't buy a site with 1 Million unless it can make me a lot of money at least decent profit.
Kindly,
MZ
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DubFX
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August 11, 2014, 10:02:13 AM |
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It will have waaay higher value once bitcoin becomes mainsteam and gawminers probably already have plans valuable enought to make investment like this one.
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Bitcoins101
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August 11, 2014, 12:24:53 PM |
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It will have waaay higher value once bitcoin becomes mainsteam and gawminers probably already have plans valuable enought to make investment like this one.
Not really. At least by the magnitude BTC grows, the value of BTC.com should not outpace it. Even if BTC goes up 10,000%, I wouldn't expect BTC.com to go up in value 10,000% - likely more like 1,000% in the event of such a dramatical price increase. The value of BTC.com to this business though is huge. It was a good buy. |
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tatu
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August 11, 2014, 12:31:54 PM |
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It's worth whatever someone is willing to pay for it. Obviously he though it was worth that. Maybe it might be a steal in the grand scheme of things. I guess only time will tell.
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nicojuritz
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August 11, 2014, 12:51:28 PM |
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why invest so much on a site? i would simply sell it before the price drops
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DubFX
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August 11, 2014, 12:55:25 PM |
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It will have waaay higher value once bitcoin becomes mainsteam and gawminers probably already have plans valuable enought to make investment like this one.
Not really. At least by the magnitude BTC grows, the value of BTC.com should not outpace it. Even if BTC goes up 10,000%, I wouldn't expect BTC.com to go up in value 10,000% - likely more like 1,000% in the event of such a dramatical price increase. The value of BTC.com to this business though is huge. It was a good buy. I meant that it will gain value as alot of people will visit it if it will become really popular and good enought btc related service will run there. |
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Bitcoins101
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August 11, 2014, 01:02:56 PM |
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why invest so much on a site? i would simply sell it before the price drops
You don't know what you're talking about. Are you the guy who tried to buy Bitcointalk for $10,000 GBP? It will have waaay higher value once bitcoin becomes mainsteam and gawminers probably already have plans valuable enought to make investment like this one.
Not really. At least by the magnitude BTC grows, the value of BTC.com should not outpace it. Even if BTC goes up 10,000%, I wouldn't expect BTC.com to go up in value 10,000% - likely more like 1,000% in the event of such a dramatical price increase. The value of BTC.com to this business though is huge. It was a good buy. I meant that it will gain value as alot of people will visit it if it will become really popular and good enought btc related service will run there. Well, it looks to be a very excellent investment for his business. However, it likely would not be a very good investment for a domain-investor. If bitcoin succeeds big-time and multiples in value 100x, maybe it's worth $10,000,000. If bitcoin fails completely, it's worth $1,000 (3-letter domain names do have value). The risk-reward is better with BTC itself. I guess I'm just repeating myself at this point. |
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frankenmint
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August 11, 2014, 01:06:27 PM |
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if he pays 1 MM in BTC and he bought that BTC sfor maybe $1000 dollars worth of money when he acquired it, then is it really such a big deal? He's probably looking at it like - 1% of folks who type that in can be pursuaded to buy some hardware and after 1000 purchases it has already paid for itself (presuming there is a minimum of 1000 in profit to be had per sale)
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oceans
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August 11, 2014, 02:24:50 PM |
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If the person buying it is happy to pay that much I am pretty sure it must be worth that much. It being a 3 letter domain as well can really increase the amount it is worth as well as the letters that it has as well with BTC being very popular right now this kind of domain and any website created on it has potential to make a lot of money back on whatever they plan to do with it.
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robhimself
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August 11, 2014, 02:37:10 PM |
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I think BTC.com for $1mil is a good gamble by them. It could end up making them a ton of money, or it could be worthless in 5 years, but they are betting on the chance of BTC become more widely used.
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counter
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August 11, 2014, 06:56:31 PM |
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I'd have to believe it's a calculated risk and potentially could bring a large return of the initial investment. The domain name could be worth a large amount if Bitcoin really catches on in the long term.
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Bitcoins101
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August 12, 2014, 09:50:38 AM |
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I'd have to believe it's a calculated risk and potentially could bring a large return of the initial investment. The domain name could be worth a large amount if Bitcoin really catches on in the long term.
If BTC goes to $100,000, do you think BTC.com will be worth $200,000,000? The most valuable domain name ever sold was insurance.com for $35 million. I think potential gains in the bitcoin price will outpace any potential gains in a domain name. |
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sandykho47
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August 12, 2014, 12:39:23 PM |
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I think it's worth for the one who buy it  i think it's only sold about $25000 in the past  I think GAW Miners, have something in plan that will make a lot of money with it.
I like I get sites but I won't buy a site with 1 Million unless it can make me a lot of money at least decent profit.
Kindly,
MZ
Yeah, i hope they release another ASIC with zenminer support  |
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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bitcasino
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August 12, 2014, 12:56:45 PM |
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I'd have to believe it's a calculated risk and potentially could bring a large return of the initial investment. The domain name could be worth a large amount if Bitcoin really catches on in the long term.
If BTC goes to $100,000, do you think BTC.com will be worth $200,000,000? The most valuable domain name ever sold was insurance.com for $35 million. I think potential gains in the bitcoin price will outpace any potential gains in a domain name. Thank you for the good information, but too late... BTCinsurance.com already taken  |
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Painful Truth
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August 12, 2014, 02:43:19 PM |
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The bitcoin domain name BTC.com was sold to Josh Garza of GAWMiners for a whooping $1 million dollars a few days ago! Do you think it's worth $1M, MORE or LESS? and what would you do with it if it was yours? In the long term if marketed well it is worth 1 Million. It could become one of the most visited sites if Bitcoin gets real mainstream adoption. What i would do with it? A site like Bitcoin.com but with a lot more resources like exchange rates, charts, wallet reviews, security tips, educational material, etc... |
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Foxxyfox
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August 12, 2014, 08:30:40 PM |
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currently it does not worth that much don`t know what will be in the future depends of course on the value of bitcion
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validium
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August 14, 2014, 06:31:31 AM |
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If that guy thinks its worth that much then it probably is. For monetization, i would list a couple of exchanges on it coz alot of exchanges would pay top dollar to get listed on such a premium domain.
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Light
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August 14, 2014, 07:27:20 AM |
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If that guy thinks its worth that much then it probably is. For monetization, i would list a couple of exchanges on it coz alot of exchanges would pay top dollar to get listed on such a premium domain.
Not really. Perceived value =/= actual/intrinsic value. Some people are willing to pay significantly more than market price just because they want it so badly they are willing to pay a mark up, want to beat the bids of competitors by a significant margin so that they scare away the other bidders or because they've been conned. |
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zedicus
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August 15, 2014, 03:37:28 AM |
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If that guy thinks its worth that much then it probably is. For monetization, i would list a couple of exchanges on it coz alot of exchanges would pay top dollar to get listed on such a premium domain.
Not really. Perceived value =/= actual/intrinsic value. Some people are willing to pay significantly more than market price just because they want it so badly they are willing to pay a mark up, want to beat the bids of competitors by a significant margin so that they scare away the other bidders or because they've been conned. I don't think either of these are right. If the buyer has a good business idea that can potentially make well over a million dollars in profit given sufficient volume to their website then the domain is a good investment if it is one that would generate enough "natural" traffic that is traffic that doesn't need to be generated via ads. I wold highly doubt that the domain was purchased as a way to "scare" other bidders away. This is a very ineffective way to bid and can end up being very ineffective. |
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messibtc
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August 15, 2014, 05:30:54 AM |
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1 million maybe not, several thousands is likely but before reaching these values we must wait almost ten years.
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virtfund
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August 15, 2014, 07:27:55 AM |
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I imagine it gets significant traffic from people typing in BTC.com in their browsers.
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giveBTCpls
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August 15, 2014, 09:56:19 PM |
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They could do plenty of things with it, a exchange, news site, tutorials, faucets, whatever. Tons of content. BTC.com will easily be on top of the search engines.
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jjc326
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August 16, 2014, 12:21:24 AM |
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Anyone have any info on bitcoin or bitcoins.com? Those I think would be worth more. People who don't know bitcoins won't even know to type BTC as the abbreviation I don't think.
That being said if there was something like my gox at BTC.com I think it'd be successful. If you're going to pay that much you have to have a plan to use it.
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fdiini
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August 16, 2014, 08:30:54 AM |
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The bitcoin domain name BTC.com was sold to Josh Garza of GAWMiners for a whooping $1 million dollars a few days ago! Do you think it's worth $1M, MORE or LESS? and what would you do with it if it was yours? Gawminers has already gotten back the investment because of the publicity spotlight they received for the deal. |
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Sheldor333
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August 16, 2014, 04:13:52 PM |
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I would say yes, because the person buying it has something smart planned to do with it, so he will probably even earn way more then that over time. It's an investment.
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MajidBC
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August 17, 2014, 03:59:00 PM |
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The bitcoin domain name BTC.com was sold to Josh Garza of GAWMiners for a whooping $1 million dollars a few days ago! Do you think it's worth $1M, MORE or LESS? and what would you do with it if it was yours? Apparently one the best investments in the world is finding the subjects which have the potential to become hot in the future, buy a domain related to them, then sell them at the right time. |
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zedicus
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August 17, 2014, 04:20:47 PM |
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The bitcoin domain name BTC.com was sold to Josh Garza of GAWMiners for a whooping $1 million dollars a few days ago! Do you think it's worth $1M, MORE or LESS? and what would you do with it if it was yours? Gawminers has already gotten back the investment because of the publicity spotlight they received for the deal. I am not sure this publicity is worth quite $1 million. In order for this to be the case they would need to have made at least $1 million in additional profits that they would not otherwise have made. I would highly doubt that this is the case. |
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