I’m not going to lie, I’ve made some foolish financial moves in my times. All pretty good lessons and nothing that physically damaged me. One of the reasons that I have always done well financially is that I have a cast iron stomach when it comes to money. I have never lost a minute of sleep of due to money. It’s not because I’m wealthy but because I am pretty confident in my decisions, don’t spend more than I have, and realize that my decisions don’t always work out. I have lived by the motto that if you can buy your way out of a problem (even if you don’t have the money), it’s not that big of a problem. It’s when money isn’t going to help you that you better start worrying. But that doesn’t mean I don’t get pissed at myself for making hasty, stupid ass decisions
Last night I bought 8783.com on Dnforum from a person named BizGates for $500. He was a brand new member of Dnforum, that I knew. He sent me his paypal and I checked the whois of the domain and it matched. I have purchased a few names from new members a dnforum before and although very cautious, I’ve had good luck. This time I wasn’t cautious enough. If a name is a great deal I know something’s up but I didn’t think this name was far off the value. I have purchased 6 NNNN.coms over the last two weeks for $500 each and this name was no better than the names I’ve purchased. This member said he was from Hong Kong and again, fit the description of all the owners of the NNNNs I’ve bought. Asians seem to have a lot of these things.
I sent the money, didn’t think twice and got the email from Godaddy saying the domain had been pushed. I was happy to see the email and went to bed. When I woke up I realized I forgot to accept the name. I got up at 4 am to go running and woke up quickly when I didn’t see the name pending. Immediately I had a gut feeling I had been scammed. I checked the email from Godaddy and saw it was real. I knew the name had been stolen and probably had been returned to the rightful owner. I checked the who.is and magically it was a completely different person. I go back to dnforum and the user had been banned.
At this point I was only pissed because I was now going to have to go back and do a charge back on my credit. One problem. Evidently I had forgotten I had just gotten a big payment in the day before and it came out of funds not my credit card, translated, I’m fucked. Every paypal purchase comes out of my credit card but I have it set up to come out of funds if I have them, which is a rare thing. Just a bad combo of things
To head off the you shoulda responses. I know I should have used Escrow.com, should have done more research, should have used a credit card. I know the rules, I know the risks. I have made a lot of money being the first one with money on the table, taking risks that a particular deal may be too good to be true. Dealing with people that others are scared of. The walks like a duck, looks like a duck statement is true. A 3L dot com for $2500 or I’ll only take paypal does send up flags for me. I can be dumb but I’m not a complete idiot. Secondly, I have never done a private deal over $1000 that I haven’t done escrow.com. I will never…..knock on wood……get taken for big money but evidently it’s pretty easy to take me for less than $1000.
For those of you that think it can’t happen to you are fooling yourself. Sure, you know better than to get caught in something as stupid as this but how protected are your names? Do you have a security code texted to you on your paypal? There are a lot of ways for people to scam you, I just choose to protect the big ones and be completely stupid and reckless on the smaller amounts. I figure it’s a lesson learned and a lesson that may save me thousands down the road. My wife also made it much easier
When I told her what happened she shrugged it off. The main reason is it’s not her money. My domaining money is pure play money and in no way affect the family’s finances, so she lost nothing. Two, she said this. “You’ve made a lot of money by taking risk and sometimes you get burnt. You got burnt a lot when you are trading and you did fine. Look at this like a trading loss” The words made me feel better but the night didn’t get any better.
I went to Subway after our little talk and got a Subway Club. As I got home I realized I had paid $7 for the club when clearly on their ads it says the club has been added to the $5 footlong campaign. Now, that’s fucked up and I just can’t let this one go.
PS: All my ad rates are going to go up until I make this money back