Chinese domain sales report.
We’re at the end of October, and Chinese domain sales will begin their final descent, in a fashion consistent with the overall annual slump.
It doesn’t matter if it’s the Year of the Monkey or the Year of the Rooster (2017.)
Trading among Chinese domain investors for the type of short domains (2 – 4 characters, .CN, .COM, .NET TLDs) that we’ve been keeping track of, has slowed down tremendously.
Overall, it seems as if the Chinese domain market trades actively for 8-9 months in a calendar year; the beginning and end of the year show little to no activity.
In our opinion, the market is heading for a hard crash, at this rate, sometime next year.
As the volume of domains traded in China has become considerably smaller, we only report on the particular market every few days.
Today’s list of domains spans October 16 – October 20.
cf.cn
7g.com
pkc.cn
149.net
bhdx.cn
bqz.com
cgz.com
cjdr.cn
fzwt.cn
jhqk.cn
lbwl.cn
lxds.cn
njph.cn
nnyp.cn
nrfw.cn
pyqs.cn
qin.com
tlmb.cn
twnz.cn
txhx.cn
wnhy.cn
wpk.com
xgz.com
xmcf.cn
xnf.com
xwy.com
zkfm.cn
zqjx.cn
8469.com
bdjm.com
bgqn.com
bkyx.com
blqf.com
bqfd.com
brxf.com
cgmd.com
dysw.com
fbtt.com
ffty.com
fhcd.com
fkqs.com
ftkh.com
fwfl.com
gbhr.com
gcnx.com
gphh.com
gplh.com
gwdn.com
gwlr.com
gxjl.com
hdrh.com
hlmb.com
hlyh.com
hmnt.com
hmrm.com
hpdf.com
hpdh.com
hpmn.com
hpnd.com
hprf.com
hqcb.com
hrhn.com
hsnf.com
hxll.com
hzlg.com
jhnn.com
jjdt.com
jlrf.com
jlrg.com
jpsd.com
jqtz.com
keti.com
kksh.com
lbcy.com
lbgz.com
lbnd.com
lbxq.com
lclx.com
lcwx.com
ldjm.com
lfmb.com
lgks.com
lhpq.com
ljjq.com
llgk.com
llnj.com
lptf.com
lqyt.com
lwxd.com
lxpx.com
lybr.com
lynm.com
lzht.com
mngh.com
mngy.com
mnty.com
mnxs.com
mnyl.com
mxlw.com
mymx.com
mzrh.com
nftm.com
nfxc.com
ngrg.com
ngxm.com
njqm.com
nkgl.com
nkpz.com
nlhm.com
nnmx.com
nqbf.com
nqjq.com
nqnm.com
nwyq.com
nzrn.com
pqzr.com
prhj.com
pxhb.com
qdnn.com
qhfw.com
qknk.com
qypf.com
rbdf.com
rbgd.com
rflm.com
rfrd.com
rfrt.com
rgrf.com
rjdw.com
rlft.com
rqtg.com
scnk.com
swll.com
sxxj.com
tlmj.com
tpqj.com
tqjw.com
wdkq.com
wkfh.com
wqrm.com
xnhc.com
xprl.com
xsng.com
yhdn.com
yhnp.com
ynmw.com
ynyk.com
yqyf.com
zhxq.com
zzlk.com
In the good old days of active Chinese market trading, we’d see almost as many domains on a single day or two days max; for now, this domain volume appears to be the norm for several days’ worth of trading.
Disappointing, for sure, particularly for those Chinese domain investors that were somehow convinced that asset prices will continue to rise.
When a commodity is overly traded, it loses a good chunk of its value with every trade. In the case of domain “Chips” this is evident: they are trading at 40% of peak value, or less.
Those who bought at or around peak, are now the proverbial “bag holders.”
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Instead of mocking the ones that bought at the peak why not congratulate those that are still up 500%+ when they bought before the peak? The market is still in its infancy. The s**t is hitting the fan for the entire global economy. Domains are nothing in the big picture. Hedge with bitcoin or another CC.
Just saying.
Steve – You need a pat on the back for being one of those who made money? Congratulations, you’re the man.
Hundreds of others are left with a nice, deep hole in their pockets, not only because the market went to shit, but because some like you continued to hype the market as it went down.
Congratulations again!
I am not mocking those that purchased at a peak in the market. I am trying to suggest a “glass half full” approach rather than a “glass half empty”. The market will rebound and previous high’s will look like peanuts to the new highs. The Chinese market hasn’t even started yet. We have been seeing a small group of investors and individuals starting to “get” domains. In a few year 3l.cc’s and others at $500 will look like a bargain. Half full!!
Cheers!
p.s. buying any bitcoin??
Steve – It doesn’t matter how you view the glass, it’s the quality of the wine that matters. In this case, it’s vinegar; those who bought believing the hype, are stuck with overvalued stock that won’t sell higher. The game of pump and dump isn’t new, it’s just that it manifested with domains, in a market full of inexperienced, gullible players.