Bought a .US domain.. Did I just mess up?

motta-tokka

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I bought a .us domain since it was cheaper, and setup a blog on it for a niche keyword. Was that just a complete waste of money?
 
So I should be able to outrank my competitor in that keyword? I mean they are on the first page of google with a .com of the same thing, but it just goes to a godaddy landing page.
 
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