Domain name owners have cashed in — Some Bitcoin

Domain domain investors have made good money with bitcoin domain names.

Bitcoins are hot, and some domain name investors are cashing in. Not by investing in Bitcoins, but by investing in Bitcoin domain names.

Here are some recent sales involving Bitcoin domain names:

Bitcoin.us 17,500
Bitcoin.de and Bitcoins.de for 29,750 EUR
Bitcoin2014.com $1200
Bitcoinlive.com $521
BitCoin.be 1,500 EUR

Keep in mind that, given the nature of Bitcoins, many Bitcoin domain name sales are likely private and transacted in Bitcoins rather than hard currency.

There are two reasons I think Bitcoin domain name owners are doing well right now.

First is that Bitcoins are a hot topic. Second is that the actual cost in dollars of a domain name may seem much less to a Bitcoin owner since their own “currency” has appreciated so much.

Let’s say you have a Bitcoin domain you’re willing to sell for $10,000. Then consider someone who bought Bitcoins for $25 each earlier this year. The spot price is changing, but a Bitcoin is worth regarding $1,000 today. That $10,000 price tag on your domain has changed to regarding $250 now in Bitcoin terms, or in the eyes of the buyer who saw his Bitcoins appreciate that much.

Now, I’m not suggesting you rush out and invest in Bitcoin domain names. Keep in mind this gravy train can crash as quickly as it has gone up.