Outbidding each other is the undercutting of the domain world (1.Viewing)

Yet we still do it every week

Eric said:

Yet we still do it every week

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I would fully agree with Mike, that under the current format, there is no longer any real profit to be found in buying domains at open auction - the system itself guarantees that you will overpay for anything really good. The common strategy of "just bid higher than everyone else" is a fool's errand in 2025 and the fools will figure eventually figure this out, then run and hide to lick their wounds.

And in the long run, I believe this open auction format will inevitably kill the domain business for all but a mighty few - that's Mike's (and many others') strategy in buying - to either win the domain or punish the winner with a too-high ending price. We will also lose some of the companies currently auctioning off these domains, as the market will adapt to this new reality.

The only investors who will be left standing are are those with extremely deep pockets who already own thousands of premium domains they bought "back in the day" for next-to-nothing, and therefore have the cash flow necessary from these 'vintage domain profits' to buy at today's nosebleed prices.