We haven’t run a domainer poll recently, and with the Chinese domain market’s chips being down, now it’s the time to take the pulse of domain investors.
So what are domain “Chips” ?
According to Dutch domain investor Tim Schoon who most likely came up with this pseudo-acronym, it’s an amalgam of China and – well – chips, of the casino type: Liquid domains that can be cached in at any time, that are popular with the Chinese.
Prices of such domains rose to unprecedented heights in the second half of 2015, but since December they have been in decline, which has prompted domain investors to liquidate portfolios of “Chips.”
Are you selling your domain Chips currently?
- Yes - I won't wait till prices fall further! (21%, 15 Votes)
- No - Holding onto them 'til a better day arrives! (60%, 42 Votes)
- Neither - I don't have any. (19%, 13 Votes)
Total Voters: 70
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4L.com are great, if you know what to buy.
The sell thru % has not been great, so with eager Asian investors wanting to buy in bulk 10, 20, 30 chips at a time, we felt in Q4 was a great time to sell a chunk to them, and let them enjoy holding, and listening to lowball offers, and paying renewals. Only thing is we didn’t care paying $15, 20, 40, 50 for such domains, but when you pay $2,500, you get a bit twitchy for a return. I hear all these newbie rah rah cheerleaders, they have no clue.
Now we have a 5L.com buyout which has stalled out at 90% of chips, we have domain investors who cut, and pasted lists, on the sidelines waiting to sell, I just don’t know who is going to raise their hand to pay to hold the bag for the next round of renewals.
I really think you have to be in this industry, and know the life cycle for such domains for the past 10 years to better understand how to respect such domain based assets.
I sold my CHIPs in December. 🙂