Over the last two plus years, I believe quite a bit of money shifted from domain name investments to cryptocurrency. Several domain investors I know spent more time focusing on investing in the crypto space because of the potential for much higher returns than with domain names.
As you likely know, many cryptocurrencies are down considerably from their all-time highs as well as from where they were tracking earlier this year. With the new year almost upon us, I am curious what you think has more upside in 2019 – cryptocurrencies or domain names. Obviously, there could be some coins that do better than others, just like some extensions could do better than others. I am asking more on a macro-view of each business.
Domain Names
Cryptocurrencies are massive ponzi scheme.
I have a few friends who invested in the bitcoin and eth since last year.
They are so lose their money and can’t give it up.
All they can do is praying.
Crypto currencies are massively inflated at current levels, expect large falls as more people with a gambling mentality leave that market.
Who knows for domains, wouldn’t expect a great year.
I wouldn’t hazard to even guess. It appears many currencies will collapse and go out, similar to many GTLDs. If the housing market takes a dive, I will feel major pain.
Newsflash: Battered Bitcoin Price Sets New Yearly Low at $3,310
CCN – 3 hours ago
I felt deja vu
Crypto, by miles. Those thinking it’s not need to completely reverse their thinking. BUY LOW now, and know it will approach past highs – SELL HIGH. Put your original investment aside, and wait until the next bear market to invest again. The key is finding legit projects in the blockchain space, and that’s the challenge – so many of them are borderline scams. Why are so many institutional investors putting billions of dollars in Bitcoin now, VISA / Amazon / numerous Central Banks, all involved in it? Like it or not, the future is here.
Also, domains and hosting are about to be disrupted, long term future is not looking good (I run a domain & hosting company btw). On top of this, next round of gTLDs will further dilute domains, where only the truly valuable will be worth something.
We are moving into the next generation internet space while people remain stuck in the past, and that includes the crypto / digital money replacement of FIAT long term.
Bitcoin will be great again. I can feel it.
Crypto by far if you can pick the right one. Sea just explained why. I love domains, but I only made around 300K in 10 years total in the domain industry. I made 5 Million in 2 years alone in BTC, bought low/sold high. If BTC goes under 3K, I will put about 500K back into BTC and let’s see what happens. I will do that right before Bakkt launches which IMO will be start of the next bull run
I compare cryptocurrencies to the ngtlds. Too much supply and not enough demand. And investors are the only ones playing with them. When no end-users are involved in the equation, then it’s just fake.
I totally agree.