Yesterday, there was a lively discussion about a tweet Rick Schwartz wrote regarding an an upcoming collapse he predicted. Quite a bit of the discussion centered on Bitcoin and cryptocurrency, a topic I am admittedly neither an export nor someone who has much insight about.
This morning, Rick Schwartz wrote a brief series of tweets about domain names and cryptocurrency. The tweets culminated with a final piece of advice about buying domain names instead of Bitcoin:
— Rick Schwartz (@DomainKing) June 7, 2017
I know there are many people in the domain name space who also buy cryptocurrencies. Some people are long on these currencies, and others trade them because of the volatility and potential for short term profits. I am curious what people who are active in both crypto currencies and domain names think about Rick’s advice here.
For some people, this might not be a “one or the other” type of decision. I am sure some people have enough funds to buy 10 Bitcoin and own a portfolio of good domain names. Others may not have enough funds to do both.
If you had $30,000 earmarked for an investment – be it short term or long term, would you choose Bitcoin or domain names? I invite your thoughts, but I want to remind people to have a civil discussion.