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If you have 10K USD, will you invest in Cryptocoins or Chinese domains?

I asked this question today in the Chinese domains Whatsapp group. I received many answers.

If you ask me what I think, my investment mind says to invest in Chinese domains which appear to be very lucrative at this point in time. I have myself paid 5K USD for 5n.com chips in 2015, which are now available for 1.3k USD. Earlier you couldn’t get your choicest patterns but now you can get those easily. My greedy mind which looks for a short term profit, which follows the trend, which has the herd mentality says to invest in crypto currency. So, it is a fight versus Wisdom and Greed, where Luck wins!

Shiva Kandula of Our.IN made an interesting observation:

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

He says the crypto currency market cap is not changing after the immense growth. The money is just shifting from one coin to another. If new money does not come in, a fall is imminent.  

You can see the cryptocurrency market capitalizations here. Scroll down to the bottom, you see the total capitalization. At the time of writing, it shows me $101,610,697,096 Crypto reached this figure after the immense media coverage and growth recently. Unless this changes to 150-200ish, we won’t see much upside in crypto. And the only way it can happen is via new money. I am not saying, it is not possible, but if I echo Shiva’s views, it is getting riskier now!!

Pat (Prathmesh Tokekar) said the majority of cryptocoin investors doesn’t study their investment or in which company or technology are they investing into. Just placing money over something with the hopes that they will multiply it. These new entrants who are not serious about their investment will be the first ones to take their money off off the market when they see slight downside.

Chinese domains LLLL.com chips 2 years graph

Jijo Pappachan

Jijo Pappachan is a Chinese Domain names investor, trader, broker, author, and blogger. He started domaining in 2015 and made it big during the surge that time. He has sold more than 1000 domains. He is part of DNOAi, Domain Name Owners Association of India.
[Disclaimer: My analysis could be wrong. Do your own due diligence while making investment decisions. If you want me to write about something specific, email me.]

Comments 3

  • My advice would be to take that 10K and use it as a down payment on a LLL.com ( 3 L) and let the sellers hold the balance over 5 yrs or so at a minimal or zero interest. Anyone that says this doesn’t work has no idea what they’re talking about.

  • darkweb currencies are huge, due to anonymity, and taxation. Until these things are fixed crypto currencies rates will continue to grow for years. however slower there will be profits. I can lose money in CHIPS etc. if something better comes along, or if people in China do a, about-face and start to invest in longer domain names, the losses will be huge..as we know the domain industry have taking a hit, and changes are happening very fast (the same for crypto currency) remember back in the 80’s when a domain investor could sit at the computer a few minutes a day and make a profit? now it takes hours, and most pickings are slim. imo this is the phase cryptocurrencies are in now. I also believe in a few years, investors will be looking at crypto data for hours trying to make a profit, while the early pioneers will tell about how they made their crypto millions…Or maybe not.

  • Buying domain names are far better than buying crypto currency at least now a days. The future for domaining industry is big and bright. Even one single domain name sale can make millions of dollar depending upon the quality and branding of domain name. While Crypto is risky market, if nothing works out on crypto currency and there is a just drop down in prices, it might be huge loss. Well, on the other aspect, crypto prices hasn’t fall much at all. People have even earned thousands of dollars but it needs to do work to keep earning. Buy a domain name, wait for the potential buyer and sell it for millions with hardly any efforts is another better thing on buying and selling domain names.

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