Support Services:service@dn.com
2024 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.
07 Sep 2024 03:25:18 PMIndustry Information
September 5, Alipay released Zhixiaobao AI life butler, and spent 250,000 yuan to acquire the “zhixiaobao.cn” domain name. Amazingly, the domain name in January 27, 2021 only 50 yuan auction, just three years, the return on investment up to
06 Sep 2024 05:32:40 PMIndustry Information
Most of the domestic website domain names choose pinyin domain names, especially duplex domain names, byte jumping favorite use duplex, such as: douyin.com,toutiao.com,xigua.com and so on. But in addition to duplex domain names, do you
06 Sep 2024 11:36:43 AMIndustry Information
In the digital age, how a company manages the subscription and opt-out strategies for its services not only affects the user experience, but also reflects the level of respect it has for its customers. Recently, GoDaddy and Google have
05 Sep 2024 04:53:54 PMIndustry Information
On September 5, 2024, at the Shanghai Bund Conference, Alipay officially launched its new AI lifestyle assistant app, “Zhixiaobao.” According to WHOIS information, Alipay has acquired several domain names related to “Zhixiaobao,” including
Just recently, it was revealed that Byte Jump, a well-known Chinese Internet company, has successfully acquired the domain name byte.dance. the exact amount was not disclosed. The domain name was registered on July 17, 2014 at the earliest.
Industry Information 05 Sep 2024 02:39:14 PM
Recently, the World Intellectual Property Organization's (WIPO) Arbitration and Mediation Center (the “Center”) ruled that the results of the GoDaddy domain name auction for the Aveus.com domain name, which was sold in a GoDaddy domain name
Industry Information 05 Sep 2024 11:06:10 AM
The Carnival attracts more than 200 tech companies and nearly 400 high net worth individuals, creating an interoperable platform for four-way exchanges among tech companies, funders, business service organizations and government departments
Industry Information 04 Sep 2024 01:59:43 PM
Radix has released its latest semi-annual report on premium domain sales performance across the 10 top-level domains managed by the registry operator. Its H1 2024 premium domain report details how Radix realized $5.16 million in total
Industry Information 04 Sep 2024 09:33:08 AM
A few months ago it was originally scheduled that .com domains would go up on September 1, 2024, but a certain platform actually raised their prices on August 30th, which caused a lot of dissatisfaction among domain investors. It was
Industry Information 03 Sep 2024 01:41:59 PM
Internationally recognized domain name registrar Namecheap, Inc. has prevailed in the recent Uniform Domain Name Dispute Resolution Policy (UDRP) proceedings. The Arbitration and Mediation Center ruled that the disputed domain name
Industry Information 30 Aug 2024 11:04:56 AM