Quote:
Originally Posted by lordbyroniv  yup
Sellers have to SERIOUSLY come down on their prices in the next few years
and I expect they will indeed come down
before there is any buying opportunity |
I think you are completely wrong there, but many are having the same problem as Wall Street. They are trying to trade assets that are difficult to value. But the good domains are worth every cent. Or should that be Euro or Yuan?
90% of speculative investments just aren't worth anything. Few of these have achieved good prices, but there are the odd exceptions like Flowers.mobi. There is a new schmuck born every minute.
What has to happen is that whole classes of domains need to be completely wiped away. These include worthless extensions, worthless combinations of hyphens and letters. English names in extensions where English has little or no relevance and even a lot of IDN including all those dingbats which won't even resolve in the near future.
Domainers need to get back to fundamentals. They need to understand why domains are needed, when they can be used to promote products and services and where they are relevant and how they can be exploited. They need to get away from the "it looks cool to me" approach to domaining, that is just getting so many into debt with no chance of any kind of return at the end of the suffering. The saddest thing is that it is human nature to believe ever more the deeper the pain gets. We are all guilty of this at times.