Does BTC.com Really Worth $1 Million? AND What Would You Do With it?

[JessyMatt]

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?

[madken7777]

If there is someone paying for it, then yes, it is worth 1M. That is the concept of free market.

[Mobius]

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. 

[bitllionaire]

things value is what people are willing to pay

[catena5260]

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

[lihuajkl]

It worths if the buyers think it do. I have no btc related business and I wouldn't buy it for 1 million.

[TheGull]

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.

[Muhammed Zakir]

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

[DubFX]

It will have waaay higher value once bitcoin becomes mainsteam and gawminers probably already have plans valuable enought to make investment like this one.

[Bitcoins101]

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.

[tatu]

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.

[nicojuritz]

why invest so much on a site? i would simply sell it before the price drops

[DubFX]

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.

[Bitcoins101]

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.

[frankenmint]

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)

[oceans]

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.

[robhimself]

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.

[counter]

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.

[Bitcoins101]

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.

[sandykho47]

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