How this Investor Flipped a Crypto Domain from $16 to $435,000
An investor who bought the crypto domain for $ 16 says he can now sell it for $ 435,000.
In a Twitter thread, @cryptofelon said he was approached by GoDaddy, who said the "multibillion-dollar" exchange was interested in buying a $ 500 website.
After receiving interim reports, he told her that he was willing to sell the domain for only 10 bitcoins - currently worth $ 500,000.
Although he did not expect a response, GoDaddy eventually responded by being willing to pay $ 200,000.
Explain what happens next, @cryptofelon explains:
"I do not ask. I want 10 bitcoins and I can get 10 bitcoins. So I ignored the offer. I turned down $ 200,000 - for a domain that cost me only $ 16. Profit 12,500x. I know my price. "
He doubled that he insisted on wanting 10 BTC - and warned that the requested price "more than likely terrified the buyer."
GoDaddy's email screenshots indicate that the company is trying to undermine its delivery - and says even large .US domain names tend to sell for less, with video.us winning under the hammer for $ 75,000 and jobs .us they exchange hands for $ 36,000. The representative wrote:
"You seem to have very high expectations of this particular domain name. The fact is that the buyer's counter-offer is a record selling price ... I understand that this .US domain name is probably a 'good buy' for the buyer." but I'm sure they can move without it. "
Negotiating a high stakes
Unfortunately, @cryptofelon's tendency to pay 10 BTC has met with radio silence - but the decline in bitcoin in September may have worked in its favor. A few weeks later, a determined domain owner wrote:
"Innovation seems to be to the benefit of the prospective buyer. 10 BTC now equals $ 435,000. Will $ 435,000 be available to your client?"
Negotiations are underway, and GoDaddy says he could persuade the company to raise $ 350,000 if @cryptophelon shakes hands with that amount. But as the Twitter thread explains:
"No, it's not 10 bitcoins. You know. Yours. Value."
And here are the things even more exciting for @cryptofelon. He wrote:
"Everything is in line at the moment. I did it from $ 500 up to $ 200,000. If I read the situation correctly, I also have almost $ 350,000 in hand. Did I read the situation well? Can I see past psyops? Can I get 10 bitcoin prizes? "
There was a few days of silence as he waited for his $ 435,000 question to be answered - and as the painful wait continued, he had to resist the urge to email them again. "I won't come more than once to be there," he explained.
Eventually, the email arrived and the buyer agreed that he was willing to pay the full $ 435,000.
@cryptofelon shared a screenshot confirming that the offer was made - as well as the funds that sit beautifully in these bank accounts:
"From $ 500 to $ 200,000 to $ 350,000, I have now exchanged a $ 16 domain for $ 435,000. I have already done so."