I never feel bad if that was my budget, always more around the corner
Yes,
if you can stick to a budget. I think the intention of a silent auction is to
tempt a bid beyond your budget, by overvaluing your competitions bid.
Generally, retail buyers are not as
well informed as us, in terms of wholesale valuation, usually we are competing against ethusisastic bids by a bigger budget of ignorance. LOL, I know I have won domains in ignorance, domains with no real market to sell into, basically stuck developing it, and after this commotion passes, I realise I do not know the income potential of this domain, how much more will I need to spend in developing it into something profitable? Lesson learned, a domain investment is more than just bidding on a domain.
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