Is the the Domain industry in crisis?
Pasta.com did not sell and the bids were very low compared to its potentials.
LLLL.com have decreased in value from the top but still are the big winners of the last 12 months.
Less sales are reported from all venues.
Is the the Domain industry in crisis?
I would say: maybe.
The truth is the the whole World economy is on the edge of a big serious collapse.
Oil prices, credit crunch and inflation are creating the conditions for a scenario that I have never seen in my whole life.
So people are spending less and less for things that such domains are not really a priority in life.
But we always need to consider that domainers are just a very small community compared to the whole world population and even compared to the amount of investors that prefer traditional investments.
As ex-financial advisor, with the oil hitting a new high at about $142 and the Dow Jones falling at new minimuns I would strongly advice to invest only what you can lose and be prepared to wait longer than usual to see big returns on your investments.
There are some good opportunities for sure in the long term (2 - 5 years) and who has the patience and the bravery to go after them, may still be well rewarded in the future. Pick your cheerries and store them in the cupboard. After the storm, soon or later the sun will come back again, it`s a cycle.
