Gambling on gTLDs
During some free time at the TRAFFIC conference last June in Las Vegas, I won a bit of cash at the Bellagio playing blackjack. A few hours before my flight took off, I played blackjack again at Aria, and I went on a nice run. I walked away after winning a big hand, and the entire trip was financed by my blackjack winnings. I enjoy playing blackjack, and this was one of the few times I left ahead.
Although I think it will be difficult to pick out the winners when it comes to new gTLDs, I do believe there are going to be some domain names that have aftermarket value. Because I initially said I wouldn’t buy any gTLD domain names, I felt it was appropriate to re-address my public position and share that I am planning to gamble on some hand registered / pre-reserved gTLD domain names.
Maybe I will be in the minority when it comes to domain investors pre registering these new domain names, but I don’t want to look back and regret sitting on the sidelines. I am going to put some skin in the game and see what happens. Just like when I play blackjack, I will hope to make money but expect to lose it.
The reason I am telling you this is because I hadn’t really planned on buying any at the outset, and I want to be transparent. I wouldn’t recommend that someone plays $150/hand blackjack in Las Vegas unless they can afford to lose the money. Likewise, I am not recommending that others buy gTLD domain names unless they can afford to lose the money. I like to gamble, and buying these new domain names is a bit of a gamble for me.
Right now, I have the same feeling I get when I walk into a casino with a wad of bills in my pocket before sitting at the blackjack table. I know I will probably lose, but the potential is exciting.
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