Students in domain business

[March2005]

from pacificepoch.com:

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Domain Name Speculation Bankrupts Chengdu Student
Internet, Shi Kaisheng
Posted by: Xin Xu on May 08 | 18:05
Editorial Summary

A Chengdu college student named Shi Kaisheng spent all of his tuition money and savings on an unsuccessful investment in domain name registration, Chengdu Wanbao reports. Shi had registered more than 30 domain names since the second half of 2005, including stonesea.com, dayunhui.cn and libaiqing.cn. Every registration cost Shi a 60 Yuan registration fee and a 1,800 Yuan trademark registration fee per year. However, Shi has so far failed to sell any of his domain names. Shi said that he has no money for college tuition and may be denied a graduation certificate for defaulting on his tuition fees.
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[droplister]

Happens all the time. No biggie. You lose alot of money and then you learn " that was stupid" the fact that it was his tuition money just makes it more stupid.

 

[Leading Names]

from pacificepoch.com:

--------------------
Domain Name Speculation Bankrupts Chengdu Student
Internet, Shi Kaisheng
Posted by: Xin Xu on May 08 | 18:05
Editorial Summary

A Chengdu college student named Shi Kaisheng spent all of his tuition money and savings on an unsuccessful investment in domain name registration, Chengdu Wanbao reports. Shi had registered more than 30 domain names since the second half of 2005, including stonesea.com, dayunhui.cn and libaiqing.cn. Every registration cost Shi a 60 Yuan registration fee and a 1,800 Yuan trademark registration fee per year. However, Shi has so far failed to sell any of his domain names. Shi said that he has no money for college tuition and may be denied a graduation certificate for defaulting on his tuition fees.
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That's why he failed, 60 crappy names and he trademarked all of them – what a waste of time and money.

- Rob

 

[NameTower]

I've never had a "job" ($7 an hour at mcdonalds).. so I don't know what to call this; though it is the only way in which I make money.

But I like to think of it as a hobby

 

[duskdawn]

A dermatologist now working on my PhD in Medical Mycology. Sometimes I like my domains more than my fungi. :deadhorse:

 

[damitssam]

HS Student (graduating in 3 days)... this will be probably my money i can use on good food in college

 

[t10host.com]

That is really bad.
Actually, you must prepare to lost some money in the first investment.
Seldom people can succeed when he is a newbie.

from pacificepoch.com:

--------------------
Domain Name Speculation Bankrupts Chengdu Student
Internet, Shi Kaisheng
Posted by: Xin Xu on May 08 | 18:05
Editorial Summary

A Chengdu college student named Shi Kaisheng spent all of his tuition money and savings on an unsuccessful investment in domain name registration, Chengdu Wanbao reports. Shi had registered more than 30 domain names since the second half of 2005, including stonesea.com, dayunhui.cn and libaiqing.cn. Every registration cost Shi a 60 Yuan registration fee and a 1,800 Yuan trademark registration fee per year. However, Shi has so far failed to sell any of his domain names. Shi said that he has no money for college tuition and may be denied a graduation certificate for defaulting on his tuition fees.
--------------------

 

[Spinlock]

There's speculating and there's gambling. Good grief.

 

[GT Web]

from pacificepoch.com:

--------------------
Domain Name Speculation Bankrupts Chengdu Student
Internet, Shi Kaisheng
Posted by: Xin Xu on May 08 | 18:05
Editorial Summary

A Chengdu college student named Shi Kaisheng spent all of his tuition money and savings on an unsuccessful investment in domain name registration, Chengdu Wanbao reports. Shi had registered more than 30 domain names since the second half of 2005, including stonesea.com, dayunhui.cn and libaiqing.cn. Every registration cost Shi a 60 Yuan registration fee and a 1,800 Yuan trademark registration fee per year. However, Shi has so far failed to sell any of his domain names. Shi said that he has no money for college tuition and may be denied a graduation certificate for defaulting on his tuition fees.
--------------------

That's just plain stupidity. I do not feel sorry for people who much such idiotic choices.

 

[Ian]

from pacificepoch.com:

--------------------
Domain Name Speculation Bankrupts Chengdu Student
Internet, Shi Kaisheng
Posted by: Xin Xu on May 08 | 18:05
Editorial Summary

A Chengdu college student named Shi Kaisheng spent all of his tuition money and savings on an unsuccessful investment in domain name registration, Chengdu Wanbao reports. Shi had registered more than 30 domain names since the second half of 2005, including stonesea.com, dayunhui.cn and libaiqing.cn. Every registration cost Shi a 60 Yuan registration fee and a 1,800 Yuan trademark registration fee per year. However, Shi has so far failed to sell any of his domain names. Shi said that he has no money for college tuition and may be denied a graduation certificate for defaulting on his tuition fees.
--------------------

yes, agree this is one of those rare cases that ever happen. newbies really need to draw a lesson out of this particular one!:biggrin1:

 

[Mr. Pim]

Ouch, never invest more than you can afford to lose :wink:

 

[petrosc]

Ouch, never invest more than you can afford to lose :wink:

yepp, the golden rule of gambling

 

[domainuncle]

one should not do these things before getting fully known to the industry

 

[prose]

If my family had money when I was in high school I would have invested in the mid-90's. That would have been a better time than 2001 when I finally got a real job.

 

[domainuncle]

If my family had money when I was in high school I would have invested in the mid-90's. That would have been a better time than 2001 when I finally got a real job.

i think those who invested in mid-90's are great domain business man.. earning a lot