You guys simply don't understand the billion dollar domain name industry...
110,000 people PER MONTH are typing in "Bitcoin Wallet" in to Google alone, not to mention how many people type in "BitcoinWallet.com" directly in their address bar. The current Pay-Per-Click suggested bid for one click is $1.60 and the competition is picking up, fast.
It is very difficult to have an intelligent conversation about Bitcoin without mentioning "Bitcoin Wallet".
I predicted this exactly, many months ago actually.
With nearly a decade of experience and more than $100 million worth of media as consultant, broker, developer, or licensor, I am fully qualified to tell you that $250k was not "expensive" but rather a very savvy investment to gain a timeless and global competitive advantage in the marketplace.
The sale is real.
In the next few weeks you will see media publications writing stories about this sale.
Every single "Bitcoin Wallet" company on the planet is competing with their website title tags, H1/h2 headers, meta data, and search marketing details (SEO/SEM) for the generic branding "Bitcoin Wallet". That is an undeniable and absolute FACT.
Here is some free education for you guys. And so, point being, the domain name was actually sold too cheap.
Two word - premium domain asset - sales examples:
AreaRugs.com - $405k
RunningShoes.com - $700k
DataCenter.com - $352k
RingTones.com - $750k
BoardGames.com - $450k
PartySupplies.com - $360k
ScreenSavers.com - $335k
MusicVideos.com - $250k
SportingGoods.com - $450k
CookingGames.com - $350k
ShoppingMall.com - $500k
TeamWork.com - $650k
YearBook.com - $237k
MathGames.com - $725k
DiamondRings.com - $228k
ReverseMortgages.com - $600k
PersonalLoans.com - $1mm
GiftBasket.com - $350k
StockPhoto.com - $250k
FreeWebsite.com - $500k
DownloadMusic.com - $242k
SkiResorts.com - $850k
LawFirm.com - $233k
AntiSpyware.com - $550k
FinancialAid.com - $480k
BlackJack.com - $460k
AsianPorn.com - $200k
DomainRegistration.com - $376k
WirelessPhone.com - $335k
ShoppingCart.com - $285k
CrosswordPuzzles.com - $210k
ChinaTours.com - $200k
TokyoHotels.com - $200k
NeverLoseVision, thanks for the reminder to never lose vision.
Quality domain names can still be very valuable.