With the Coronavirus outbreak making people sick around the world, almost everyone seems to be impacted to some degree. Many people are concerned for their health and are changing plans due to the outbreak. This has caused world stock markets to tumble, production to decrease, and things are getting rocky.
I posted a poll on Twitter asking people if they are spending more, less, or the same amount of money to buy domain names in the wake of the Coronavirus outbreak:
With the Coronavirus outbreak, are you spending more money, less money, or the same amount of money to buy domain names?
— Elliot Silver (@DInvesting) February 28, 2020
On one hand, there is a whole lot of anxiety causing jitters in various markets. This might make some people more willing to sell their domain names to build up a cash reserve. This could lead to more good deals coming on the market. In addition, some people may bid less on auctions, allowing others with bigger bankrolls to take advantage.
On the other hand, with economies potentially hurt, this might be a very good time to save money instead of spending money. Keeping one’s powder dry is always a good idea, and opting to keep cash on hand instead of buying domain names may be a better strategy at this point.
Some people may think this is going to pass without a real impact, and there’s no sense in changing domain name spending habits.
I am interested to see what readers think and what their strategy is in this uncertain time. Vote in the poll and share your thoughts in the comment section.
More ppl will be working from home.
Microsoft Google amazon Facebook are all good bargains now.
This is the time to buy..
There are always winners and losers in certain industries.
That why CASH is KING
Fear, and the isolation it creates will be a boon for domain names and the evolution of immersion to the internet. It is the obvious upside. The natural world is continuing to get too complex and unhealthy. The remedy is in the security of staying home and reaching the world and markets online. The biggest advances come from mass social movements like what we are seeing now. Be aware of how to take advantage of its progress. This is a market correction in many ways.
YES IM AFRAID TO TOUCH MY KEYBOARD. Aaaaaaahhh…… I just did call 9-11 oh no
At this point its hard to understand whether it is going to have impact or not. But I would probably buy anything I keep my eye on if its suddenly significantly discounted.
People working online remotely or from home is the future and a lot of them will need domain names to do this.