Chinese domain market sales : It was good while it lasted …

Only those letters are allowed in China.

Only those letters are allowed in China.

Looking back a couple of months ago, it seems that the Year of the Domain Monkey hasn’t started on a happy foot.

After a week of partying and jubilation, everyone sat tight waiting for the giddy, gay days of last year to arrive, but alas, they did not.

Shrinkage in volume and sales among the Chinese domain investors led many to liquidate their domain assets.

Whether one wants to remain in disbelief over a collapsed market, or to save their “Chips” for a later day, that’s up to them. Domain investors in the 2-4 character market know both when to hold them, and when to fold them.

And it seems that every level of the short domain market will get affected, perhaps with the exception of ultra-premium LL .com domains.

The LLL .com crowd has seen its assets appreciate from four figures to mid/upper five figure territory in the past decade, but there is a mighty dent in that growth.

The supposed craze over “Chinese letters” sent three letter .com domains appreciate tremendously, and even their lesser cousins, the LLLL .com’s arrived to plant their chopstick inside the pu pu platter.

For many months now, we’re pointing out to domain investors that the practice of trading “coin” domains among investors can be brutal in an open market such as China, devoid of experience and obsessed with the letters involved, as opposed to the building potential of domains.

Those who claimed the Chinese are buying endless caches of XQJZ domains to build them out, must have been smoking some fine Shanghai opium.

Today’s list of short domains of between 2 to 4 characters, in the .CN and .COM TLDs is once again short. Perhaps next week we’ll witness another wave of selling, but don’t hold your breath yet.

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One Response to “Chinese domain market sales : It was good while it lasted …”
  1. Kris says:

    Looks like domain shane is throwing up the white flag today also, this house of cards was propped on nothing but a Joker, 5L’s, 7N’s millions upon millions of worthless paper, that cannot even justify renewals

    This is where the veteran domainers had experience, how to hold a cold asset in a down market, one thing to pay $100-500 for a but when you paid over $2,000, and you are south 40% and not into long term holding, well welcome to Domaining

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