Quote:
Originally Posted by PREDATOR  Agreed 
In a decade or two China will have the biggest middle class in the world, hundreds of millions of people, with a lot of moola. |
Most of my investments in chinese idns are decade long bets. The investment money came from flipping dollar domains - i was a late comer into domains, but i still managed to do last minute flips just to earn $10k from Sept 2005 to Nov 2005. That $10k, I threw everything into IDNs after that. $10k doesn't sound a lot, peanuts for many here, but it can buy plenty of good names in the few months from Dec 2005.
Making the switch over then was only common sense.
I had 2 options:-
1). Sell overvalued domain names, and buy undervalued chinese names using overvalued dollar. The dollar from one overvalued name buys 100 to 200 chinese names of similar grade.
2). Wait and hang on to overvalued domain names that will depreciate as the dollar declines. By then, the dollar name might only buy a handful of chinese names of similar grade.