Topic: Crypto related domain names (Read 720 times)

I need to spend some time sorting out my domain names, and I agree that crypto names seems to be becoming a bit more valuable. With regards to domain name collectors, it's much the same as any asset. I want some more gols coins and Bitcoin, and I think it is wrong that greedy collectors keep buying them. I want to buy a load more at £5 a time, but that is no longer possible.

If you want a .com name, then there are many tools to help you to find one for reg fee, but it can take quite a bit of time to hunt through the lists, and you have to grab the name as soon as you spot it. If you don't want to spend this time, there are people who will do it for you for a fee.

I sold  2 crypto domains  for good price in  the past but i hold only one right now (Bitcoyin.com)

In the last couple of months I've seen a huge increase in the number inquiries for my crypto domains. I think we may see massive resurgence and flight in the overall sales volume and value of crypto domains by the end of 2020 and going into 2021.

I think the market has become quite established as nearly all Crypto related domains are taken. Especially after the 2017 period, I noticed a lot more activity in the domain market and a high demand for Crypto domains.

So selling residential and commercial property is not legit right? Domain names are assets. If the best pieces property to access global financial markets are on Wall Street is every real estate investor in ownership of properties in that area that purchased legally all of a sudden squatting? Not in a million years.

Domains can be registered and held legally by their registrants. If the name happens to hold value then like every other asset an agreement must be made by the buyer and seller when it comes to the transferal of ownership. If you want something that someone is in legal ownership of you must, like everyone else...pay up or find an alternative. You can't just whine about it.

If you want to sell stuff like a supermarket, you open yourself a supermarket and pay taxes like anyone else who owns a supermarket. If you want to sell domain-names, you do like other companies who are selling domain-names, you open a legit company and start asking the same as those companies... But taking domains in hostage in the hope of finding someone who is interested in them, and then go ask them for 500 instead of 15 is not very legit as a business.

I can agree with that. Was going to buy a domain for a startup I'm working on, but someone got it before me and is selling him for 2500$ which I can really not afford for a domain-name. They are just buying names they don't need because those are names someone could probably buy one day in the future, making it almost impossible for little start-ups to start their company just in the hope to sell them one day for 100x of the original price. I have nothing with people doing business but, 2,500 or even 500 instead 25 it's just another way to scam people and I'm not playing that game, if it depended on me, they can keep their domains as long as they want, not buying anything from such individuals...

It isn't really a court, it is the uniform domain name dispute resolution policy arbitrated by ICAAN. There is a link about it here.
https://www.icann.org/resources/pages/policy-2012-02-25-en

"Passing off" is the common law action that a trademark holder can take, and this can result in the award of damages. Wikipedia has an article here -
https://en.wikipedia.org/wiki/Passing_off

But if the court decides that my intention was to sell to the trademark lawyer then I can be charged.

Namebio has just added a crypto category to their search, and this allows you to list many of the recently reported domain name sales with their prices.  To select the list, go to the Namebio's site by clicking this link - https://namebio.com/. Click on the search box ( you can leave it empty) and go to the advanced search parameters. Select the "other" category" and "crypto domains" in the sub-category. Then click the blue search box to list the results.

It's always "legal", but you have to be careful not to contravene trading laws when usin the name.

As a piece of advice, I would advise against registering a name with one specific customer in mind. It is better to go for names with a number of potential buyers. If there is only one buyer, you run the risk of being stuck with it if he says "no thanks".

So if I created the name to sell to someone other than the trademark owner then it is legal?

It's not really the creation, but the reason for the creation. If the main purpose of the registration was to attempt to sell the name to a trademark owner, then that can be considered as a "bad faith" registration, and you could have the name taken away from you.

There are some interesting anomalies though. Allowing a name to expire and drop is considered as showing a lack of interest in the name, and can be a defence in a bad faith case. Of course the normal commercial laws still apply, and misuse of the name could be considered as "passing off".

When a name drops and is re-registered, then the age of the name starts at the time of the registration. However, if the name is purchased in an expired auction, and it isn't allowed to drop, then it retains its age. For example, last December I bought TissueNews.com in an expired auction, and that name had been in continuous use since 1999. When the name was transferred to me, then the age came with it. This can be helpful if one is defending a trademark action.

So if you create a domain before a business is even created then it's not cybersquatting?

Cybersquatting is registering a trademarked or business use name with the intention of selling it for profit to the rightful owner of the mark. Wikipedia defines it here -
https://en.wikipedia.org/wiki/Cybersquatting

Parking is the hosting of a domain, and placing a lander page on the site pending sale or development. Here is one of my parking pages -

Bitcoin Knife

A parking page may ( and usually has) got paid advertising links and banners, and a domain for sale link.

What's the difference between cybersquatting and domain parking?

It looks as if we are having a "correction" in the crypto domain name world. I'm finding what I consider to be reasonable in the mud at the bottom of the expiry cycle. Some examples of these are -

XBTkiosk.com - XBT is the ticker code for Bitcoin
NewCoinWeek.com - Coin Week is a site for traditional coin collectors - nothing about crypto
BlockError.com - Could be a tech site, or maybe just a blog
RippleCreation.com - I don't know anything about Ripple, but it seemed to be worth reg fee
EasyBitcoinMining.com - Does such a things still exist?

After bitcoin raise now bitcoin domains are on rising now crypto domains names skyrocketed

Cybersquatting is a different issue, and it is deprecated in the domain name industry.

There are already laws against cybersquatting.

I don't think Bitcoin is going to be the only crypto in the world following the end of fiat. We can see a number of government initiatives appearing. Royal Mail Gold for example, and it's difficult to see the direction that the gold backed Renminbi will take. The venezuelan "petro" may never get off the ground. Also, I believe that some of the parallel coins will survive ( what others call forks. ). SDRs willbe used for inter government transfers.

I always thought that they are overpriced for the long term investment. Not because of the hype either.

If Bitcoin really becomes something very big and widely used, it will likely not be the center of attention.
I don't see it as a product in that time, but as a tool.

I could be wrong, but it seems to me like Bitcoin will simply be used for everything and therefor putting it into your name will be similar to putting a word "Internet" or "website" in your name. My point being that words mean little once there is noting to communicate with them. Bitcoin might simply be implied when you start a website in the future.

What a strange comment - should Supermarkets be allowed to buy food to sell on at a profit? How about all those people buying Bitcoin, and saving them.

What really annoys me about domain names is when a great name is registered, and somebody puts a Mickey Mouse site on it. and they won't sell it for proper development.

It takes a lot of time and skill to find decent domain names. Would you spend 3 hours looking through lists, and not buying anything?

It's a really a shame people are snapping up all the decent .com related crypto domains. Hope to see this kind of practice made illegal by ICANN.

It is actually the same guy owning both 88xbt and 888xbt before.

My New Year's resolution was to stop chasing other people's concepts, but I liked your XBT keyword. I've just picked up XBTkiosk.com for reg fee, and BitconKiosk.com is for sale at $6,817, so I'm grateful for the suggestion.

btw 88xbt.com dropped 18 days ago.

Not just xe use XBT now, since cboe use the xbt symbol, there is xbt usage everywhere, such etrade, tradestation, etc.

That's interesting. I've got some Bitcoin names like BitcoinUncovered.com, BitcoinVirus.com, BitcoinScammer.com and probably a couple of dozen others, but I haven't received any offers for them. This is probably because I have privacy enabled, and I have put them intany active market places. I didn't pick up any XBT names, as there seems to be a bit of confusion about the international code to be used. XE and various other sites use XBT, so that is probably the best, But the Bitcoin community seems to use BTC, although Bitcoin Cash has caused abit ofconfusion with this.

It looks as if I might have missed out on this. Here are some prices on one market site

It is in a gold rush phase as you mention, the seven figure sum for xbt.com is just a starting price, it can be higher. Even my 8xbt.com and freexbt.com with several countries+bitcoin.com receive many offers.

I haven't been able to find a good informed discussion about Crypto related domain names, so I hope this is a good place to start one. I must declare a vested interest here as I have about 40 .com names at the moment, and I'm letting some xyz names drop shortly.

Bitcoin is an interesting phenomenon, and it has certainly caused a major revolution in the banking world. There has been considerable debate about the creation of Bitcoin, and one current theory that seems to be gaining traction is that it was created by globalist bankers, and it is a beta test for a new world currency. However, this thread is not about the creation of Bitcoin, but about the changes in the value of crypto domain names as new products are created, and as they gain popularity.  We have seen a dramatic rise in the value of good Bitcoin names, and XBT.COM is current on offer for a seven figure sum. We have also seen a gold rush into crypto names, and the subsequent dropping of many of the names registered during the state of euphoria.

We now seem to be entering a new phase in the crypto currency world. With government backed creations like the Royal Mint Gold blockchain, and the Venezuelan Petro.I think there is scope for investment in selected names to help prospective users to understand the ramifications of the new issues. Bitcoin is maturing, and it looks as if it may become a mainstream store of wealth. This will create a need  for more investment advice in the future.

What do you think of the current crypto domain name market? Are we still in a gold rush phase, or is the market stabilising with limited investment possibilities?