*** Here Is A List Of Some Of The Best Domain Name Resources Available ***NEW YORK, NY – It’s been a very interesting few years recently hasn’t it? As if there weren’t enough reasons for your typical domain name investor to diversify his online bets, here comes another big one.
Financial powerhouse JP Morgan Chase has announced it will be launching its own cryptocurrency called “JPM Coin” with a fixed rate value of $1. The move solidifies a [sort of] ‘questionable’ industry with instant validity in my opinion as JP Morgan acts as the first major U.S. financial institution taking serious notice.
One might reasonably assume that JP Morgan jumping into the business and launching a bitcoin-like currency and technology all its own will further push investment into this area.
Domain names sales have been effected greatly in the last few years with not only the growth and interest in Bitcoin and/or other Blockchain based technologies but also from the launch of new gTLDs which are grabbing a lot of the money that ordinarily would have been spent on traditional domain name extensions including the king of all dots, the .com. All of this change is moving lots of money around to other areas of investment.
Additional factors hurting values are no-doubt the weakening of exact-match domains – there not equaling instant success that is, like they used to. The market today holds many more questions about value, development, monetization, use and benefit than ever before – not to mention the many growing ridiculous privacy and legal challenges such as GDPR and the increase in erroneously used RDNH and UDRP processes.
Will JP Morgan’s new launch into the Cryptocurrency business compare to a Bitcoin salesman dressed in a hooded sweatshirt with a knife selling against a JPM Coin rep dressed in a suit and tie – backed by one of the most reputable companies in the business? Do you think this new development will lead a further squeeze in domain name sales prices? Let me know in the comments below.
Referenced SR stories:
- Greatest Benefits of New gTLDs is PR, Temporary “Buzz Factor” “Link Equity”
- EDITED: Why Great .com Domain Names Are Paying Less Dividends for Investors
- How to Become a ‘Rockstar Domainer’ by Developing Your Own Domain Assets
- More Bad News for Monetization with AdSense; Introducing Lazy-Loaded Ads
- Internet Isn’t for Sharing: More Disastrous EU Legislation Coming Down the Pike
- ICANN Should Create Penalty for Reverse Domain Name Hijacking (RDNH) Rulings
- ADO Decision Is Embarrassment to ICANN; Serves as “Gift” to UDRP Reform Argument
- Who Needs Domains and Websites Anyway? Google Say’s “You’re A Loser”
About The Author: John Colascione is Chief Executive Officer of Internet Marketing Services Inc. He specializes in Website Monetization, is a Google AdWords Certified Professional, authored a ‘how to’ book called ”Mastering Your Website‘, and is a key player in several Internet related businesses through his search engine strategy brand Searchen Networks®
They didn’t read the news that this has been all over for more than a year? Big fail.
you own no domain names jackoff
Never seen your site till now. You appear to have a very big bias against domain names. I would suggest following the money to determine why.
Why in the world would anyone want to invest in just another digital coin appearing on the world stage, but ESPECIALLY if it’s value is fixed? Duh. Am I missing something? So far you are indicating that any investment in this coin with mean that $1 will always be worth $1.
I don’t care that it’s from JPM. I know someone who worked for JPM for years. Everyone also knows what they do to precious metals markets. Many know their role in some of the worst economic catastrophes and realities of American history. I’m sure there is more to tell by people who know much more.
Domain names and “JPM Coin”: apples and oranges. Just another shiny new object that you can’t run a business on or do good things for the world with.
John, I absolutely love domains and the domain business, I just report on what I see, positive or negative. My entire life and business and has been built on the foundation of domain names. In no way am I bias to domain names, trust me.
Yes John, I actually figured out I had jumped the gun on that after that comment and seeing more on your site, but this Markus here doesn’t know what he’s talking about. “You appear” and “you seem” show a person being honest rather than the opposite, but he wouldn’t know that.
Never take seriously anyone who begins a criticism with “you appear” or “you seem”. They are amost always looking to twist your words to make themselves feel better.
Looks like my comment is in moderation? You going to let it appear? 🙂
You bet
JPM Coin appears to be a token created solely for internal use by the bank and its clients, which includes 80 per cent of the Fortune 500.
Now in a trial phase, it will hopefully be used for instant global settlements to replace wire transfers etc.
It does not appear to be possible for a regular investor to invest in JPM Coin or even to buy one. So it can’t be considered to be an alternative investment option.
It’s even possible that it (and other corporate backed tokens in the future) will diminish the value of established coins like Bitcoin since they are totally bypassed and sidelined and irrelevant.
“…retail investors will probably never get to own a JPM Coin. Unlike bitcoin, only big institutional clients of J.P. Morgan that have undergone regulatory checks, like corporations, banks and broker-dealers can use the tokens.”
https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments–.html