Happy 4th of July.
Three letter .com domains, long considered the de facto coinage among domain investors, have dropped below the psychological limit of $20,000 dollars.
Recent sales confirm a trend we already observed, as domain investors switch to Bitcoin and other cryptocurrencies to re-invest their gains.
Auctions of such domains as YIL.com ($18,000 dollars) or YOT.com ($18,100 dollars) are being eclipsed by the recent sale of YIG.com for $16,000 dollars.
A year ago, these domains would sell in the $30,000+ range, making their registrants some healthy cash.
Chinese domain investors have maxed out their domain flipping potential, selling at marginal profit; eventually, there will be a series of domain bag-holders that will sell at a loss.
There have also been a series of instances of stolen three letter .com domains, plaguing the domain industry; even venues such as NameJet got fooled, and these domains become “laundered” and get resold. We will report on these issues separately.
Enjoy Independence Day!
