Charles posted a comment earlier today in my article asking people what new gTLD domain names they registered, and it seems to jive with what many other domain investors have been saying when it comes to buying new domain names: “Save the money. GTLD stands for ‘Good To Lose Dinero.'” I find comments like these very ironic.
In my quest to buy good domain names, I often come across other domain investors. In addition, domain investors email me daily to see if I have an interest in buying their domain names. I would say that 99.5% of the time, the prices these people quote are batshit crazy. There’s nothing wrong with quoting a crazy asking price of course because the goal with domain investing is to make as much money as possible with your domain investments.
Why is it that these new gTLD domain names bring out such altruism in domain investors who are warning their fellow investors that they will lose their money if they buy a new TLD domain name? Save your money! Don’t waste your money on these worthless registrations! Stick with .com! You’re going to lose your money! You’re making ICANN rich!
In a nanosecond, these same people would sell me their overpriced .com, .net or .org domain names for a massive profit, but when it comes to new gTLD speculation, they are benevolent saints hellbent on warning their fellow domain investors about the money they are certain will be lost forever.
I get that buying new gTLDs is speculation. I’ve said that any new TLD domain names I buy is akin to gambling. However, I don’t get what is making these capitalist domain investors so magnanimous when it comes to other peoples’ investments and speculation in new domain names.
I am glad that Charles didn’t leave any personal identifying information in the comment section because I am not looking to call him out personally for his comment. I find it ironic that domain investors are so worried about how their colleagues spend their money investing in new gTLD domain names but would sell them an overpriced .com domain name without hesitation. As with every investment, I think people need to do their due diligence before they spend their money.
Most domain investments tend to be illiquid by nature, and new gTLD investments may be even more so. I simply find irony in the message some people are giving when they certainly wouldn’t stop another domain investor from overspending on their personal inventory.