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I sold a domain back in 2011 where the buyer offered to pay via Bitcoin. It was a decent sized transaction. I don't remember the exact exchange rate but it woul
by puranjay 9y ago
I sold a domain back in 2011 where the buyer offered to pay via Bitcoin. It was a decent sized transaction. I don't remember the exact exchange rate but it would have likely been upwards of 1,000 BTC.
I took cash instead.
I still look back on that and think "what if?"
- feelix 9y agoThe answer to that what if is you probably would have sold 80% of them at $30 each, and then most of the rest at $100 each like most people who got them early. Getting back 10x profit is hard to turn up when you have no idea of the future.
- chrissnell 9y agoAt least you sold it. I registered a bunch of great domains when I was a college freshman in 1993. They were free to register, you only had to submit a form via email. I had, amongst others: grateful.com eleet.com cjs.com snell.com When Network Solutions won the contract to administer them, they started charging $70/year/domain and I was a poor student and let almost all of them lapse. I lost all of those ones. The only ones I kept were bikeworld.com (registered it for my dad's company) and chrissnell.com. Never made a dime off a domain.
- puranjay 9y agoI used to trade domains back when I was in college in 2007 (before the market crashed in 2008). It was still wildly lucrative. You could buy a domain for $10k one day and sell it for $30k two days later. A lot of people had similar stories: they registered Cars.com or some other major domain back in the 90s, sold it for peanuts, and watched with dismay as it was eventually flipped for 7 figures 10 years later. I know a guy who, on a whim, registered about 100 double-letter domains (AB.com, AC.com, etc.), then let them expire. Each of those would be worth a minimum of $250k today