Sitemap · 2023 Dn.com All Rights Reserved
The phenomenon of "shill bidding" may have existed since the birth of the auction industry, especially in the domain name circle, where using a shill to inflate the auction price of a domain name has long been an open secret. Due to the ano
The phenomenon of "shill bidding" may have existed since the birth of the auction industry, especially in the domain name circle, where using a shill to inflate the auction price of a domain name has long been an open secret. Due to the anonymity of individuals online, it's challenging to determine if there are shills among the bidders. Novices are particularly vulnerable to falling victim to shill bidding, often paying significantly more than they should to secure a desired domain name, resulting in substantial losses.
To be honest, I don't usually participate in auctions, but I do keep an eye on market trends and frequently observe the dynamics of domain name auctions. Watching high-quality domain names go up for auction can be even more thrilling than watching a blockbuster movie. It's wave after wave of bidding, and you might even find yourself more nervous than the actual bidders. However, it's possible that some of these bidders are actually shills. Based on my observations, I've identified some common behaviors of shills:
1. When the domain name price seems outrageously high, the likelihood of shill bidding is greater than 70%. Market prices for each type of domain name are generally stable. For example, 2-digit domains are usually more expensive than 3-digit ones. So if a 3-digit domain name sells for more than a 2-digit domain with the same extension, it's likely manipulated.
2. If only two or three IDs are continuously bidding throughout the entire auction, the likelihood of shill bidding is greater than 80%. This tactic is quite crude. With so few bidders, you can simply wait until the last moment to bid. Why rush?
3. If the auction starts with a bid that reaches a certain price, and then there are several days with no further bids, the likelihood of shill bidding is greater than 60%. The shill has pushed the price to their cost, and now they can wait for anyone interested to bid in the remaining time. It's a kind of insurance.
4. If the auction is about to end, and suddenly there are new bids with just 10 seconds remaining, extending the auction by 5 minutes, and then the same pattern repeats several times, the likelihood of shill bidding is greater than 90%. In reality, it's the shill bidding against themselves. If the auction hasn't reached the expected price, what can they do? Use a shill to win it. The auction is an excellent advertising opportunity, as every bid gains them nearly 5 minutes of attention. I once had the pleasure of watching such a performance for half an hour until the auction finally ended.
Determining whether an auction has shill bidding or not is not a straightforward task. Well-concealed shills are difficult to detect. In my experience, higher-priced domain names are more likely to attract shills. Shops that frequently conduct auctions are less likely to employ shills, as damaging their reputation could hurt their future business prospects.
29 Feb 2024 11:48:48 AMIndustry Information
The latest European ccTLD Registry Domain Name Report has been released. It covers the global status and registration trends for all top-level domains (legacy gTLDs, new gTLDs and ccTLDs), with a particular focus on the European ccTLD
28 Feb 2024 05:34:47 PMIndustry Information
Apple is said to be preparing to unveil a new Siri along with other AI features, including iWork, at the WWDC (Worldwide Developers Conference) in June this year. considering that Microsoft has already introduced AI features to both
28 Feb 2024 12:03:11 PMIndustry Information
ENS plans to pay auction bidders $300,000 to settle the dispute. 88 per cent of the vote approved a payment of $300,000 to ManifoldFinance, which won eth.link in the auction. 62 per cent also authorised a settlement for an amount less
27 Feb 2024 04:02:53 PMIndustry Information
Trader Joe's filed a dispute with WIPO under the Uniform Domain Name Dispute Resolution Policy (UDRP), but the domain name owner has said he registered the domain name as a financial trading site for the general public.
The sale of the untimely renewed domain name Dog.ai for $47,150 (roughly Rs. 340,000) earlier this month was void, as the auction winner apparently failed to pay. The domain is currently up for auction with a few days left; there are
Industry Information 27 Feb 2024 11:58:45 AM
The report is based on 145,100 aftermarket domain sales recorded by NameBio in 2023, totaling slightly over $139 million. At least from the NameBio data, it can be seen that the dollar volume of domain market transactions decreased by 21.2%
Industry Information 26 Feb 2024 04:14:39 PM
More exciting domain summits are coming up in 2024. Here are the dates and locations of upcoming domain summits in 2024 across the globe. Let's take a look at these important events.
Domain Summit 26 Feb 2024 12:05:24 PM
According to overseas media, another word domain name Loft.ai has been successfully traded for $50,000 (about RMB 359,000), which was registered in September 2018, with the prefix Loft meaning "loft and small room". The domain name
Industry Information 23 Feb 2024 04:26:36 PM
Recently, two other highly anticipated domain name transactions have also attracted people's attention. The domain "Bet.bet" was sold for $600,000 (approximately 4.3 million RMB), while the numerical and word combination domain Bet789.com
Industry Information 23 Feb 2024 03:17:34 PM
Recent news reports indicate that Meta, Inc., the parent company of Facebook, Instagram and WhatsApp, has filed multiple UDRP cases in defence of its "Meta" trademark. Shortly after the company's domain name was rebranded,
Industry Information 22 Feb 2024 05:57:14 PM