CryptoBankNYC.com - Mike Novogratz Wants to Build the Goldman of Crypto and List It in Canada
January 15, 2018
CryptoBanks.com - Invest in Domain Names Vs Cryptocurrencies.
October 28, 2017
Which is the most profitable investment? Domain name or Cryptocurrency?
One of the most impressive investment trends we come across lately is the massive growth of crypto currencies and the blockchain technology. As we all know that the value of 1 Bitcoin has skyrocketed from $0.06USD in July 19, 2010 to the highest $6148.82 USD in Oct 21, 2017. This leads to $6148.76 profit invested in 1 Bitcoin after 7 years.
Can Bitcoin beat the most expensive domain name Cars.com? We do a comparable detailed analysis on these two investment assets as follows.
INVEST IN CRYPTOCURRENCY: BITCOIN
Year 2010 - 1 bitcoin = $0.06
200 bitcoins = $0.06 x 200 = $12
Year 2017 - 200 bitcoins = 200 x $6297.50 USD = $1,259,500 USD
Net Profit: $1,259,500 - $12 = $1,259,488
Percent %: $1,259488 / $12 x 100 = 10,495,733%
10,495,733% / 7 = 1,499,390 % increase value per year
INVEST IN DOMAIN NAME: CARS.COM
Year 1998 - purchase + renewals Cars.com = $500
Year 2017 - sold Cars.com = $872,320,000
Net profit: $872,320,000 - $500 = $872,319,500
Percentage % : $872,319,500 / $500 x 100 = 174,463,900%
174,463,900% / 19 = 9,182,311 % increase value per year
The Bitcoin value increased by 1,499,390 % per year, whereas Cars.com commanded higher value of 9,182,311 %. Investing premium Domain Name such as Cars.com is the most profitable option than crypto currencies at the moment.
We have yet to see the cryptocurrency investment potential in near future. If a major retail giant such as Amazon approved Bitcoin as a monetary transactions, it won't be surprised Bitcoin can reach whopping $100,000-$200,000 within 2-7 years time. We'll see.
According to Doron Vermaat, " Financial technology is slowly but steadily disrupting the traditional finance and banking industry with cryptocurrency and the blockchain technology behind it leading the wave of innovation and change. Naturally, savvy domain name investors with an eye for spotting trends early on registered the best domain names related to these new digital currencies and technologies years ago and we’ve been seeing a steady flow of impressive end-user sales for domain names related to cryptocurrency with the $2 million sales of ETH.com (which is the acronym for popular cryptocurrency Ethereum) being the most recent reported sale. "
INVEST IN ETH.COM
Year 2008 - purchase Eth.com = $19,800
Year 2017 - sold Eth.com = $2,000,000
Net profit: $2,000,000 - $19,800 = $1,980,200
Percentage % : $1,980,200 / $19,800 = 10001 %
Eth.com - Quite an impressive investment return of 10001% increase yearly. The highest return on investing domain names will be those domains with super premium generic keyword names such as cars.com. These are the most expensive domain names publicly reported: