I feel sad for new domainers who are going to buy in to this hype:

http://www.namepros.com/domain-name-...countdown.html

Originally posted by DomainEngineer
I feel sad for new domainers who are going to buy in to this hype:

http://www.namepros.com/domain-name-...countdown.html

jebus.... where is a toilet when you need one because they may as well just flush it.

"There are many who missed the boat in LLLL.com and now this is your chance to get your LLLL.net collection"

Just one of the gems plucked from that thread.

I think a big problem in domaining is many domainers have a hidden agenda to push there agenda, this is one of the few industries where you can hype something and actually make a profit, the SEC controls the stock market and investment protical by having disclosures, in fact there is little they can actually say legally without proof, but in our industry any one of us can create hype without any disclosure it is only controlled by our own integrity level. I for one would never want to have someone invest money and risk losing it on my say so alone.

One important thing to remember, on that note, is that the people spewing the hype probably believe it. Chances are, there's kind of a wishful thinking involved...

It should be noted that the OP of that thread has posted a stern warning to noobs at the beginning of the thread.

Speaking generally, what happens is that someone thinks they have found a good angle, buy into it as far as they are comfortable, and then tell others. Part is a need to brag: "Hey look what I found", and part is the hope that others will pile on, justifying the original purchase, or more cynically, pushing it along on the scarcity meter.

Maybe they haven't noticed people who are unable to sell their 4-letter .coms for even $10 each. Let them throw their money away. It has reached the stage where there is so much information on the forums that anyone who ignores it all and stumbles blindly into the domain industry deserves to lose their money. People who actually do their research will succeed.

Exactly...on the surface, they're just trying to let everyone know about a good thing - spreading the wealth. But in their subconcious (why don't they put a spell check on this thing), these folks are in a mad dash to snuff out their own buyer's remorse.

Smart domainers (who have done their research) have already registered all the best LLLLs that might actually be worth something and what is left is probably all the junk that they didn’t want, but in order to increase the value of their investments these same smart domainers are trying to encourage the newbees to register the last of the available LLLLs because there is a psychological effect about all the LLLLs being gone that would make their domains jump in value, this effect might last a year or so and by then they wouldn’t care if the newbees have to drop all those junk domains.

Originally posted by oldtimer
but in order to increase the value of their investments these same smart domainers are trying to encourage the newbees to register the last of the available LLLLs because there is a psychological effect about all the LLLLs being gone that would make their domains jump in value

Smart domainers aren't doing this. Very desperate, and also opportunistic and/or predatory domainers are doing this. There's a big difference.

Smart domainers tend to their own business and don't need to hype anything.

Just reading through that thread at np. It's hilarious. You've got the 'guru' who claims to be able to advise people on 4 letter domain strategies but doesn't know how to run a list. He's checking them all through godaddy bulk registration! Then you have people saying they're happy to have invested $700 per year in it and saying how profitable it is yet nobody can come up with sales or figures. I am quite embarassed that I ever joined that forum in the old days - it reads like an edition of 'teen weekly'

This is a symptom of the increased incestuousness of the domain industry which seems to be focusing less and less on end user money and more and more on parting enough newbie domainers from theirs to make coin.

What you describe sounds like a pyramid scheme. The people who get in last are going to get wiped out.

What you describe sounds like a pyramid scheme. The people who get in last are going to get wiped out.

It's a pyramid with a very wide base thanks to the volumes entering the market so their individual losses should be relatively small.

Originally posted by safesys
It's a pyramid with a very wide base thanks to the volumes entering the market so their individual losses should be relatively small.

Agree with the above statement but like Rob said there is so much information on the forums for newbies and if they still want to make a mistake by not listening to the sober comments, then no one can help them.

For sure, it will make our LLLL.com purchases look much better if people are buying LLLL.net now.

Not only that LLLL.CN domains are also not available anymore as of last week. Most are bought by Chinese people.