20i Domains

Yogi 24 Auctions on domainlore

Discussion in 'General Board' started by DJ Wood, Sep 12, 2020.

  1. signature

    signature Well-Known Member Exclusive Member

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    Please people, there are more than one side to a story, we know the side of the seller selling off the domain they recently bought, we don't know why and speculating is just wrong.

    I have dealt with the seller and he has his reasons, he does not owe anyone any explanations.

    I don't see why this is an issue, people circumstances changes, no one knows what is around the corner and lets respect the sellers auctions please.

    Thanks
     
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  2. Domain Forum

    Acorn Domains Elite Member

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    articles.co.uk
     
  3. seemly

    seemly Well-Known Member

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    Whilst I don't disagree, I think it's valid to highlight and mentally flag oddities like this.

    By all means carry on about your business and part with your hard-earned if you feel so inclined, but there is nothing wrong with analysing the market and people being able to make their own informed decisions.
     
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  4. DJ Wood United Kingdom

    DJ Wood Active Member

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    I originally raised this as it seemed a bit strange and I was concerned his account might have been hacked.
     
  5. signature

    signature Well-Known Member Exclusive Member

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    Its odd because we don't know the seller, we assume fraudulent activities., this is not new. People buying asset and then dumping it for whatever reasons. All we are doing here is assumption.

    The only fact here is, someone bought loads of domain and now selling it few months later at a loss. This is the only fact, the rest is speculation/assumption. So, no, you are not making an informed decisions at all, you only have one fact and that's it, nothing else and this fact does not indicate anything other than that.

    I have read people saying money laundry or something to do with paying less tax or something sinister.

    Another example is the guy that setup .xyz, he bought loads of LL during the Nominet auctions and from few people, he came and dump them on Domainlore, some at 70% loss, while he was raising money to setup .xyz. In this situation, we know the reasons. While we don't know the reason why this seller is dumping the domain names he bought does not give us any right to be suggesting any fraudulent activities.

    People dump assets for many reasons, whoever bought them gets a bargain and they move on.

    I'm out on this thread anyway, good luck to you all and I hope none of you will ever find yourselves in a situation where assets of any kind does not matter to you anymore.
     
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  6. signature

    signature Well-Known Member Exclusive Member

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    Understood, Domainlore and Nominet account would have to be hacked for domain to be listed on Domainlore and transfer out of Nominet.
     
  7. CatchDrop United Kingdom

    CatchDrop Active Member

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    Also because the domains don’t forward to the auction they seem to forward to spam websites
     
  8. DJ Wood United Kingdom

    DJ Wood Active Member

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    Not necessarily if the buyer paid for the name directly via paypal or BT, no need for the domain to be transferred over if fraudulent. Obviously wouldn't be a problem if the buyer used an ESCROW service as the domain would need to be transferred.
     
  9. CatchDrop United Kingdom

    CatchDrop Active Member

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    It’s a shame you took so long to come forward, but I am glad you vouched for the seller and that there is nothing dodgy going on.
     
  10. signature

    signature Well-Known Member Exclusive Member

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    Why is something dodgy is the assumption, why not, I hope the guy is okay? I don't have to know the guy, I would have said the same thing.

    I'm not here to defend the seller but I don't think the direction of this discussion is right either.

    Anyway, you guys can carry on, I'm out.
     
  11. CatchDrop United Kingdom

    CatchDrop Active Member

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    I don’t think it was assumed to be dodgy.

    It was simply due diligence, which wasn’t possible because of the sellers anonymity.
     
  12. Trauiner United Kingdom

    Trauiner Active Member

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    I didn't see anything dodgy personally.

    Don't know him personally or his circumstances but to me it just appears as a combination of 2 things.

    1) He gets caught up in bidding and seems to over-pay in general.
    2) He recently acquired a domain that wasn't that cheap. My initial thoughts is that he's just selling some assets to pay towards that.

    Sometimes losing money actually makes you money, if a better opportunity comes along.
     
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  13. WalkinDude United Kingdom

    WalkinDude Well-Known Member

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    This. Is. Bang. On.
    In fact, unless you absolutely minted there can be many times you have to sell at a loss to fund what you perceive to be a bigger/better opportunity and it's hardly a concept restricted to domaining.

    Surely when buying a domain name the idea is the buyer's perception is the domain is being undersold hence the value in it.
     
  14. ian

    ian Well-Known Member

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    If the greater concern is as the buyer, because the domains do not forward to Domainlore during the auction, I don't think it would be unreasonable to ask that he change the nameservers or another marker within whois to prove ownership, prior to making payment. Personally I think that all domains should point to the nameservers prior to start of auction; not sure why this isn't a thing.
     
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  15. Hay

    Hay Active Member Exclusive Member

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    Yogi24 was the buyer of HelpToBuy.org.uk too at over 40 grand i believe
     
  16. DJ Wood United Kingdom

    DJ Wood Active Member

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    Agreed, this was my concern to begin with.
     
  17. Jiblob United Kingdom

    Jiblob Active Member

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    Sounds quite straightforward to me...

    He was sat in one of the many bars.co.uk wondering whether to isofix.co.uk himself to his new domain investments and concluded bollocks.co.uk to that and that he's happy taking what he can get to helptobuy.org.uk a new warrior.co.uk costume instead.
     
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