Why Bots Make It So Hard To Buy Nike Sneakers
Рет қаралды 226,184
Күн бұрынThe global sneaker resale market is predicted to grow to $30 billion by 2030 and is only spurred by a phenomenon known as sneaker botting. Sneaker bots took off in 2012, when Nike released its Air Jordan Doernbecher 9 shoes on Twitter. And today, sneakerheads say that buying shoes without bots is nearly impossible.
CNBC dives into the sneaker industry to find out what bots have made buying sneakers harder than ever and what companies like Nike are doing to get ahead of the problem.
Chapters:
00:00 - Introduction
02:19 -Evolution of the sneaker market
06:51 - The people behind the bots
09:32 - Anti-bot measures
Produced and Edited by: Sydney Boyo
Animation: Jason Reginato and Christina Locopo
Senior Producer: Katie Tarasov
Shot by: Liam Mays, Tasia Jensen, Magdalena Petrova, Katie Tarasov, Eric Clark
Additional Footage by: Getty Images, Botter Boy Nova, Queue-it, Nike, Reddit, Discord
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Why Bots Make It So Hard To Buy Nike Sneakers
@kharithoughts2679 Жыл бұрын
These companies love this problem. They want their brands to be aspirational. They can make more shoes or raise their prices, but they need people fighting over them to keep their long-term prices high.
@andy_182 Жыл бұрын
Exactly. And people get mad at botters as if the shoes are necessary like breathing airLOL
@626resell Жыл бұрын
Agreed. Nike/Adidas/New Balance can simply increase production, but they keep production low to create demand. You'll still see clueless idiots blame resellers instead of the retailers though.
@cactusjack2264 Жыл бұрын
Also they make millions on every release 🤦♂️
@bonsky899 Жыл бұрын
@@626resell its a business model...
@626resell Жыл бұрын
@@bonsky899 huh
@nova8585 Жыл бұрын
If you want change, then stop buying from scalpers. Whether they use one bot to buy 50, or whether a team of 50 buys one each, if they ultimately end up on ebay on a markup because the demand is there, the end result is the same.
@KeithAdam Жыл бұрын
That will never happen. The law of supply and demand will always exist. Scalpers or normal people who no longer want an item... does not matter. Supply and demand determine the value
@sn5301679 Жыл бұрын
The problem is "limited collection" And plenty of people dont care, as long they get it.
@darinherrick9224 Жыл бұрын
Right. You’re going to fight with individual action and organized action with disorganized action. Good luck with that.
@iuhoosiers14 Жыл бұрын
Half the sneakers people buy for ridiculous prices on the aftermarket don’t even get worn..the buyers are scared to wear bc of what they paid..a bunch of 🐑
@CarCrazy24 Жыл бұрын
No, I think pre-orders is the only way to resolve this issue once and for all.
@rw3905 Жыл бұрын
Oh wow…how nice of Nike to update their terms and conditions…this will surely discourage every sneaker botter from using their bots on their platforms😂
@user-vs4fd4jw4t Жыл бұрын
品牌潮鞋，皮带工厂直销，低价格高品质，你喜欢的加V：DG62113440
@iuhoosiers14 Жыл бұрын
🤣
@donutbevil9669 Жыл бұрын
A strongly worded letter will save the day!!!
@CarCrazy24 Жыл бұрын
-orders is the only way to resolve this
@MrGoalie2012 Жыл бұрын
never buy from resellers. Let them waste away in their greed. same when all the PS5s were getting bought up
@MyoMaster Жыл бұрын
Clearly someone that don’t understand how business works. Everything you owned is bought from a reseller you 🤡
@N4CR5 Жыл бұрын
Just buy reps. The brooklyns in the thumbnail/intro were TOP batch reps lol. I have exactly the same ones.
@CarCrazy24 Жыл бұрын
Pre-orders is the only way to resolve this issue once and for all.
@AaronDavis0027 Жыл бұрын
@@CarCrazy24 I agree they still do this for games at game stores and high end electronics to know how much they need to produce at launch. I go custom now most of the time.
@freshzander6925 Жыл бұрын
@@N4CR5 u broke
@handconstructed Жыл бұрын
"There aren't enough sneakers to go around for everyone", says one of the guys who's causing that problem. Botting is borderline criminal behavior
@mrlucky704 Жыл бұрын
An added step to stop bots would be to not send the 10-20pairs they won to the same address. Which would mean going through all “sold” pairs and looking at addresses. Even if they are jigging and slightly changing address that’s when you ban every single account attached to that buyer/botter. Cancel orders
@_modisekgosi Жыл бұрын
Thats a solution we all know they'll never implement 💀
@CarCrazy24 Жыл бұрын
Pre-orders is the only way to resolve this
@supersonicbronze2896 Жыл бұрын
This has been a thing for years but botters have different billing info, addresses, emails, phone numbers, and ip addresses for every account. There is no way to filter based off order info alone.
@URG2003 Жыл бұрын
@@_modisekgosiit’s all about the money schemes the pyramid with all higher ups is very real and televised 😅
@CarCrazy24 Жыл бұрын
@@supersonicbronze2896 sorry I meant pre-orders. Pre-orders is the only way to resolve this. There is no resale market if everyone who wants a pair has multiple days to order one.
@CarCrazy24 Жыл бұрын
There is a very simple fix: PRE-ORDERS! If Nike/Adidas etc just put out their upcoming design 6-12 months in advance (they know their products way in advance) they can then put a 3-7 day per-order timeline. It would be a win win: customer satisfaction goes way up, companies only make the amount ordered (could be higher or lower depending on the shoe). The only ones that lose with a pre-order system are resellers. Which is EXACTLY what 90% of us want.
@supadave422 Жыл бұрын
Nerdy dudes single handedly killed sneaker culture, Most of the OG sneaker heads who used to collect pre internet don't care about shoes like that anymore.
@Mrrlamb1 Жыл бұрын
That part
@CarCrazy24 Жыл бұрын
Pre-orders is the ONLY way to resolve this issue once and for all.
@AceChampElite 11 ай бұрын
@@CarCrazy24remember, no pre orders
@Joe-Tdot Жыл бұрын
Once upon a time i used to love shoes but nowadags i dont give a fly i just wait until my shoes get ruined.
@TheMattsem Жыл бұрын
Welcome to the boring grown up world
@rahulkrishna9375 Жыл бұрын
True. I wonder how people pay 1000+ dollars for a pair of shoes.
@xcalaverasx Жыл бұрын
If you really want to stop the majority of the bots out there then the only sensible solution to this is to do pre-orders. Also if you want to stop the majority of the resellers is to simply have the IRS monitor reselling platforms like EBAY, GOAT, STOCK-X, and others and have all monetary profits taxed at a 15% margin. The resellers still pay seller fees to those platforms on top of the 15% they have to pay at the end of the fiscal year to the government. That will stop most of the resellers from thinking about reselling. It has become too easy for anyone to buy bots and proxies and resell and make thousands on sales and not even pay taxes on sales. Let's start calling it what it really is. SCALPING.
@DrewJoiner Жыл бұрын
A tale as old as time itself: bots vs humans
@johndawson6057 3 ай бұрын
Imagine kids saying that 2000 years in the future and wondering what it was like when it first began😂
@City-iD Жыл бұрын
Big sneaker companies are definitely loosing loyal customers. Sneaker buying is unfair to an average consumer these days. I’ve honestly stopped buying sneakers all together lately, since it became pointless to even try to purchase sneakers off the Nike app. Every release that I tried to go for on a Nike Sneakers app in the last few years I wasn’t able to get, because it gets sold out in literally seconds. And I’m definitely not paying resale for a consumable product like shoes. Thankfully I have a large enough collection I’ve acquired over the years to last me a long time. But I do feel bad for people these days having to pay outrageous resale prices for something they want. I miss the days when we were able to walk into the stores and try on and buy sneakers we want on the spot, instead of dealing with bots and these ridiculous online lotteries/raffles and queues etc. 🤦♂️
@QS-si3cq 5 ай бұрын
*losing
@rw3905 Жыл бұрын
How much did Nike pay for this story? Nearly everyone who uses Nike app or SNKRS app know that Nike is not really doing much to stop bot!
@jumajaco Жыл бұрын
You can get shadow banned on SNKRS app. I was pending for Jordan 5 UNC for like 25 minutes and they were sitting. Grabbed one using my wife's phone after 30 min of waiting and got an L on my account. Nike is really a joke
@Fquh Жыл бұрын
Facts
@supersonicbronze2896 Жыл бұрын
They are, I bot and it’s been impossible to bot 10 minute releases for the last month. Nobody hits with bots anymore on the 10 minute raffles.
@danwilson12 10 ай бұрын
And this is why I don't bother with Nike sneakers. If it's really this crazy I need to move on to another style or brand of shoes and maybe come back to it when it's at a more reasonable price/quality standpoint. Thursday sneakers or Standard Uniform...
@BOMBON187 Жыл бұрын
Amazing that something cost about $10-$20 to make and sells for about 10x the original price, still amazes me that people go crazy for.
@day8day Жыл бұрын
Imagine if BOTs took away our essentials like water and food
@kimcruz1305 Жыл бұрын
Almost did, remember the toilet paper situation during covid
@Fquh Жыл бұрын
It could eventually get there if the supply is supper low
@frenchonion4595 Жыл бұрын
People would do it too make no mistake
@pablo_fre5hcobar Жыл бұрын
Cloud seeding & other tech will contribute to the water wars
@jb33rd Жыл бұрын
@@kimcruz1305 I remember that and they were selling them on eBay Amazon and other local apps to get certain thing
@gpeg3076 Жыл бұрын
This is probably one reason why I've stopped waiting and following for a specific sneaker to drop on the specified date. Everyone would crash the site and it would take forever to reload and by the time the site reloaded the shoes would be sold out. It became a hassle and annoying. Plus I would never camp outside a store for a sneaker release and the stores even had ticket raffles where you'd get raffle ticket, for a chance to buy the sneaker that was being released on the said date. So you have people camping out for a raffle ticket for a CHANCE to buy the SNEAKER they want. That's when I said, yeah I just get it if its available otherwise I'm not bothering. When it becomes a wild goose chase, somethings wrong and I'm done.
@CarCrazy24 Жыл бұрын
Pre-orders is the only way to resolve this issue once and for all.
@abrahamvaladez6122 Жыл бұрын
The difference between buying for profit and buying for personal pleasure.
@thegenius46m Жыл бұрын
Botting is out of control and needs to be addressed
@CarCrazy24 Жыл бұрын
Pre-orders is the only way to resolve this issue once and for all.
@mikebrown8937 7 ай бұрын
Facts
@AskMiko Жыл бұрын
The Adidas and Ye contract could be a ploy to drive extreme scarcity and once the shoes hit the market, they are snapped up. What people do for money is alarming.
@donutbevil9669 Жыл бұрын
It shouldn't be surprising if you've seen influencers doing the most outlandish (and) criminal things for clout and money.
@philipberlanda Жыл бұрын
There’s actually a lot of ways of to combat this. Rarer shoes could be sold in store only. Also limiting the number you can buy in stores. Also jacking up the price of the shoes in store or online so that the resellers make less money. It’s weird that Nike is so successful. The shoes look plain. The green ones looked ugly in my opinion. People may not realize it but you are mainly just paying for the name. You could buy very similar shoes for way cheaper.
@redsunsx01x Жыл бұрын
FWIW Rare shoes that are sold in stores usually do not go to regular people. Before there was botting, there was backdooring, where people in the know would get first access. Only real way to combat reselling/botting is to release extreme amounts of stock where anyone who wants one can get one. But, companies do not want to do that because it ruins the Hype of a product.
@cassiechiedu Жыл бұрын
@@redsunsx01xthey should definitely produce more pairs than the demand or restock! Look at the pandas. Everyone is mad it restocks but it makes sure everyone who wants a pair has one and at retail!
@AB-ze2ho Жыл бұрын
Most pairs are backdoored
@dicktracy5234 Жыл бұрын
Then the store sell them back door.
@citisoccer Жыл бұрын
Lmao ok, dude. Pairs be walking out the backdoor all day long for in-store releases, not to mention the fights and shootings. Keep rocking your Wal-Mart buddy kicks and leave quality kicks to sneakerheads.
@bartman5076 Жыл бұрын
"Nova asked us not to reveal his real name out of security concerns" like what his whole face and KZfaq profile are being provided in the video. Your security went out the window when you agreed to do the interview 🤣🤣🤣
@allensmith9879 Жыл бұрын
The Kobe releases have me really depressed, he's my favorite athlete & since his passing his shoes are always made in limited quantities & eaten up by bots and resold at obnoxious prices.😢
@Jupiter-shorts_ Жыл бұрын
Buy reps
@trevey16 7 ай бұрын
Today🤦🏾♂️🤦🏾♂️🤦🏾♂️
@flaked_mid_hoof Жыл бұрын
Even MJ himself once said: "Stop it. Get some help"
@emmanuelharbor2350 Жыл бұрын
Well researched content
@LowkAlexander Жыл бұрын
Highly recommend finding the same color way with a different brand instead of being a billboard for Nike
@EspremeaAndCO Жыл бұрын
Not really a problem, they could sell those shoes at a more correct price initially or distribute more of them. The bots really only boost the second hand market prices which is kinda the goal of those shoes manufacturers ;)
@davineastlund4669 Жыл бұрын
The thing about sneakers and manufacturing is more removes the incenitive for sneakerheads. If there is tons of stock and everyone can buy a pair its not special anymore.
@MRLONG758 Жыл бұрын
@@davineastlund4669 bingo. This is why the "problem" will never be eradicated because it helps the sneaker manufacturers
@AskMiko Жыл бұрын
Scarcity is the cornerstone of capitalism and consumerism
@Watch-0w1 Жыл бұрын
@@AskMiko yep and this fool felt for it traps. It not even special, just sheep's Go find real hobbies that it just not buying.
@jason-rc8gi Жыл бұрын
Shoe companies cant just make more and more pairs like they do with shoes like the "panda" dunk. They need hype and popularity around sneaker models/colorways. Without it, it wont be special and people wont care to buy it. If somebody wants a new popular shoe but cant afford it on the resale market, they get it the next time it releases. Shoe companies and second hand markets rely on each other
@TelusJadetester Жыл бұрын
The big issue is no company wants to take ownership of actually verifying the sales of their products are to legitimately unique people because all they care about is sales. It's funny that the person on this video "botter boy nova" says it should be legal because he has a financial incentive in it. There are two ways to eliminate the problem: 1) Just ramp up supply of the products to a dramatic account to make up the supply being taken in so that it doesn't create an artificial scarcity effect which is the sole reason these malicious bots exist. This is what happened with the PS5 and scalpers are paying heavily for it because they thought Sony doesn't like having their products in actual consumers hands. 2) If there is a limited quantity available of the product then unfortunately you're going to have to reveal the buyer's identity at the time of purchase because that's how bots thrive through anonymity. It just amazes me given the advancements we have with economic research that we're still seeing these issues come to life and the blame goes to the government officials in power since they just don't care.
@ballgameshoes8583 Жыл бұрын
3. Switch brands
@jasonu3741 Жыл бұрын
The only way a company could verify a human sale in all scenario's is for a government issued SIN or the countries equivalent based on sale to be provided and to limit the sale to two pairs per individual SIN. The Citizenry would not allow that level of verification The Government would not allow that level of verification And then the obvious additional issue of a private company trying to verifiy SIN numbers
@QuickStix26 Жыл бұрын
Every avenue has it's drawbacks. When it was FCFS, people were cutting the line. Then still today, there's store's back dooring pairs to their friends and family. Online raffles, their apps crashing, dealing with bots. No matter what they choose to do, there will always be something to deal with.
@phattylouise Жыл бұрын
Don’t let some of these shoe collectors sob story fool you either. If they had the chance to hit on an crazy shoe and it’s going for an insane amount they’ll resell it in a heartbeat or even wear it once then sell for a good profit. Resell will only die out if the demand is less than the supply which is never.
@Dirkadew Жыл бұрын
Fr they thought we were gonna feel bad for them 😂 Old ass dude seemed so soft compared to that kid.
@einfachnurleo7099 Жыл бұрын
I truly feel like people don´t get the actual problem. 13:35 he sums up the actual problem. Demand and supply. Botters of course "cheat" by using money to put in so many entries. However even without the botters it would be impossible to get shoes due to its high demand. If the supply was actually anywhere close to the demand companies (at least short term) would make more money and people would be happy. But then again at least in case of shoes there is prestige that comes by wearing something rare. If its not rare less people want to wear it. It´s a different case with consoles and graphics cards all together. However again the demand was just too big. The supply couldn´t keep up with the crypto hype. Personally I think that lots of those shoes look great and if they fit me I´d love to wear them. However I´d probably not even be willing to shell out the original 160€ or 180€. You can buy 2-3 good pairs for that. Also the quality is pretty much the same and they´ve been made by children all the same. So yeah...
@jasonu3741 Жыл бұрын
First thing to note is that there is not an actual problem to begin with, people have shoes on there feet and companies explicitly want there products to have an artificial scarcity. not the same at all with the GPU market as the companies would prefer every customer who wants there GPU to get one, and the people did not have the nessecary hardware to run the programs and games they want. In that market you have a legitimate problem.
@CarCrazy24 Жыл бұрын
Pre-orders is the only way to resolve this issue once and for all.
@squalgod8410 Жыл бұрын
Imagine paying over 1k for a pair of shoes you’ll never wear. What a waste.
@tomycont Жыл бұрын
The funny thing is that ultimate collection sneaker selling at $900 is probably a low quality $10 manufacturing cost.
@CarCrazy24 Жыл бұрын
Pre-orders is the only way to resolve this issue once and for all.
@aceocean3450 Жыл бұрын
There is a slowdown cause people can’t get them and they get over it and no longer interested which in the long run will hurt their business 😂😂
@jb33rd Жыл бұрын
That’s what’s exactly happening alot of people are just going back to the mall or shoes store to get other shoes
@Silenced_by_nazi_youtube Жыл бұрын
It’s not just SNKRS, even sporting events and concerts are now getting botted.
@rhozpogi Жыл бұрын
the problem is not the botters, its the people who buys from botters/scalpers.
@Almighty_Mage Жыл бұрын
💯
@rapfreak7797 Жыл бұрын
Chicken or egg, it’s both
@jobunaga4178 Жыл бұрын
the problem is not the human traffickers, it's the johns that use their services.
@jasonu3741 Жыл бұрын
@@jobunaga4178 while your point is obvious the example does not work as human trafficking is not some abstract product, someone is being abused to provide the product and abuse is also being done when that product (the human in question) is used. Which makes both illegal at the point of creation and at sale.
@jobunaga4178 Жыл бұрын
@@jasonu3741 it's you that is missing the point. a solution that tries to focus solely on the demand side of the problem does nothing to dismantle supply side infrastructure. the problem isn't the buyers, the problem is both the buyers AND the sellers. homeboy's thinking is flawed.
@darkseid2021 Жыл бұрын
In the end, they're just shoes.
@sokkaoaf2699 Жыл бұрын
Just go back to releasing in stores only. Problem solved.
@IH8AI Жыл бұрын
Nike wants to put the retailers out of business
@danycashking Жыл бұрын
I wouldn't say companies necessarily love this problem, because the demand is there, if the bots weren't there the shoes would sell anyways, but with the bots someone else that isn't the company is making larger profits without having to invest in the manufacture or marketing of the product.
@CarCrazy24 Жыл бұрын
Pre-orders is the only way to resolve this issue once and for all.
@bakariwalker854 Жыл бұрын
Or, go look at what’s on the resell market, then make more. The key to stopping it is to drain their pockets dry. Win win because you are still selling on both ends. Re release a batch at a time to see how the market performs. I’d expect a bunch of returns so a revised return policy seems smart as well.
@evelynexuma1699 Жыл бұрын
Ayyyy BOTTER BOY NOVA mans on MNBC let's go
@ninetriggers4431 Жыл бұрын
Do I hate bots? Yes, absolutely. But as someone who only uses the "manual" style of copping shoes, it comes with the territory. The satisfactory of hitting on a pair of shoes manually is the best feeling.
@veepeecee8630 Жыл бұрын
This is an amazing video. People who aren’t sneaker heads don’t know about bots! They just think anyone can buy any shoe. We’ll that couldn’t be farther from the truth. Your average joe has no chance of buying any HYPE Sneakers! Unless they wanna pay a premium price! (Resell price) this video 100% true. So pay attention and learn from this video:
@justinfcase Жыл бұрын
GG Nova!! BoTs will continue and will be the best way to cop any type limited hype shoes!!
@Harry_Suede Жыл бұрын
Botting is such bottom feeder behavior. If you have any tangible skills why not use them for something that contributes to society instead of leaching off of it? Unfortunately it’s only someone’s passion that’s affected and not their livelihood, otherwise this would have been outlawed a long time ago. It’s only a matter of time before the disconnect between brands and end users grows so large that they will make any effective changes to combat the issue.
@Dee_Style 2 ай бұрын
Yeah this is so true. If a person just loves sneakers and there’s a specific pair that they want, they don’t even get a chance to buy it because the bots purchased all of them. These people are so greedy.
@nerdinside8242 Жыл бұрын
6:36 rocking the Foamposite Metallic Red.
@hengloose Жыл бұрын
Nope. Gave up on snkr and nike app bs. Never once "Got Em". Have fun nike
@olionz2255 Жыл бұрын
BotterBoyNova is the goat 🐐
@Bravewhales Жыл бұрын
NOVA OUT HERE FORREAL
@DavidJWoodbury Жыл бұрын
These companies would be smart to create better affiliate programs, raise the price more and this would allow the buyer to share content oin the shoe they bought, share an affiliate link, make money with the company, helping them and the buyer without the buyer needing to flip. I say this because i've been testing several channels selling via ebay affiliate links and I've made over 6 figures just with that and not selling my own shoes.
@CarCrazy24 Жыл бұрын
Pre-orders is the ONLY way to resolve this issue once and for all.
@Tainoblazed Жыл бұрын
How consumers fight bots? Reps.
@London.Bridgez Жыл бұрын
1:12 zoomed in on the backnof that credit card 👀
@R0b7 Жыл бұрын
As soon as a particular model or colourway stops reselling, general consumers don’t want them anymore Look at the air jordan 1 high, as soon as the resellers stopped buying them, they sat on shelves for months, then went on sale
@unicornia7494 Жыл бұрын
I think they should invest in limited physical releases. The roi may be less than online releases, but I think it will cater to the hobbyists and die hards who want that feeling again, and it could be good marketing?
@mr.joshua6818 Жыл бұрын
Welcome to collecting anything that can be bought or sold on the internet. Bulk buyers and bots have almost ruined casual collecting.
@AB-ze2ho Жыл бұрын
Exactly 😂 they bulk buy from botters and back door pairs
@Beeman2892 Жыл бұрын
Nottrippin should see this
@BuddhaJunkee Жыл бұрын
Then there’s the reps…
@GaZaWeed876 Жыл бұрын
Bots make me want to just give up on gettin new sneakers especially with dunks or jordan 4s
@Dee_Style 2 ай бұрын
Me too. It makes me want to stop buying Nike. The bots are taking the fun out of my passion for sneakers.
@newguycanada Жыл бұрын
We need to get back to in store purchases
@Jawwaad1111 Жыл бұрын
Nike should do preorders of their sneakers. Put a preorder up for 2 weeks or so and then just make enough to fill the preorders.
@CarCrazy24 Жыл бұрын
Finally someone with a brain! Pre-orders is the ONLY way to resolve this issue once and for all.
@doomtomb3 Жыл бұрын
The alternative to fighting the bots, fighting NEVER going to work. Stop limited edition. If people want to buy X number of shoes and can’t. Just make X+1. If bots buy them all. Sell more. Eventually the shoe will become over saturated and the botters will stop scalping
@Zimfier3 Жыл бұрын
Contracts and limited material will stop that. Then there are mass returns, which the video didn't mention, as well as chargebacks to contend with.
@HermannTheGreat Жыл бұрын
@@Zimfier3 The new policies state refusing returns and chargebacks with policy.
@CarCrazy24 Жыл бұрын
No I think Pre-orders is the ONLY way to resolve this issue once and for all.
@kennethdorothy5401 Жыл бұрын
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
@denisdavid342 Жыл бұрын
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@josephlee4001 Жыл бұрын
Yes i agree with you with the need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings. Following these principles and insights from my CFP, from 2020 to date I have made around $900,000.
@nathanjane7729 Жыл бұрын
Incredible!! A great start to financial freedom! How can i reach this financial planner of yours?
@expertkanejames1857 Жыл бұрын
He's a great man, "Jackson Sten Marsh" is he's name. I initially came across him on a CNBC report then on smart advisors and at once searched him on the internet, best decision I've made to stay afloat these crazy times. he has been exemplary.
@minimalistic_banhaus Жыл бұрын
Very slim on details - Like why would reCAPTCHA not work? Why would limiting 1 pair of sneakers per CC used not work? Why not come up with their own version of a bot detection system? It's not that hard.
@giovfx_ Жыл бұрын
AI Captcha solvers. Almost all websites limit 1 pair per cc but virtual ccs are a thing. Almost all websites have an antibot just the sneaker bots keep getting updated and created that theres always gonna be a successful bot out there.
@davidburton79 Жыл бұрын
Beyond this, many captchas can also be solved for fractions of a penny each by captcha farms in 3rd world country. Makes it nearly impossible when remote input becomes possible. Not to mention if bots are too expensive you can hire people for cents an hour, and have them remote into US based vms. The best filtering methods are by address in my opinion as it becomes very expensive to filter, but to does take reasonable sophistication to be able to identify things like dorms apt buildings etc internationally
@sushmatolwani1923 Жыл бұрын
See 11:19 it looks like the guy solves captcha for the bot. Also there are beermoney sites where you solve captchas
@michaelvoulgarellis8298 11 ай бұрын
The real problem is the mindset of the sneaker community. If all of a sudden something will be accesible, people will lose interest and the product wont sell out. Teenagers want to go back to school with a kick that nobody else has. And companies want to maintain the hype and sell out every single item. If bots were successful 3 years ago, as AI will be improving, bots will become more sophisticated.
@Angelito_Noreaga Жыл бұрын
It's funny because all of the criticisms made against botting and reselling on the secondary market also apply perfectly to the housing market. The fed should not allow people to do it.
@dafamousrh Жыл бұрын
Waiting in line at Stores where could be fights or enter draws on a app where you have to deal with bots? Neither, just pay resell or get a cheaper alternative!
@edwinvencioful Жыл бұрын
It’s never going away. The harder it is to get something, the more hype it gets and the more chances these things sell out. Let’s face it, at the end of the day, it’s all about the money. I’ve never won any release after everything went online. I lost interest in the sneaker game and y’all could have it and just stare at the sneaker instead of wearing them.
@janicecopeland9083 Жыл бұрын
There is a sucker born every minute, never give a sucker an even break! The next Beaney babies.
@TristoHTX Жыл бұрын
BotBoy made it to the news 💪🏾🔥🔥🔥🔥🔥🔥🔥🔥
@pottymouthmexican Жыл бұрын
make more shoes. problem fixed.
@ASAPSodie Жыл бұрын
I had the Arthur fist clench this whole video bro. Smh
@Demolego1980 11 ай бұрын
How long till someone figures out a way to combat the bots by rerouting payments to a different account so the people using bots think they paying Nike etc but they end up being scammed. Someone smart enough will do that and screw the bot users who are buying a few hundred at a time
@HarlemVega520 Жыл бұрын
Screw that‼️ive been wearing my converse high tops with my button fly 501's and my favorite concert Tshirt,‼️
@HermannTheGreat Жыл бұрын
The companies don't care, there you go.
@bean-berryhodzen9643 Жыл бұрын
splash pings posting futura dunks like anyone in that group could afford them is hilarious.
@RetailRipper Жыл бұрын
"no purchasing products for resale". lol
@JvilleNC Жыл бұрын
To combat botting. Just make the shoes always available. Its funny how i never have a problem getting a black and white pair of Vans or Chucks
@CarCrazy24 Жыл бұрын
Pre-orders is the ONLY way to resolve this issue once and for all.
@SirGriefALot Жыл бұрын
There's only a handful of shoes people actually care about in 2023. Most GR stuff is there if you want it, but people are tiered of paying $200+, and if stuff doesn't sell out day 1 people don't have that 'now or never' pressure to make them want to fight over shoes.
@danwilson12 10 ай бұрын
Simple they see just need to look at the top 5 reselling markets, note the highest markups compared to retail, shoes that sell out in less than a week, and simply order more to be manufactured and shipped. Obviously they should allow some scarcity to build up hype for the brand, but still deflate the overly hot market a little bit by increasing availability
@Everblesstasha9798 Жыл бұрын
I love that congratulations or got ‘em I get so excited when that happens I do the new clothes dance 😂😂😂😂 sometimes you win sometimes you lose it’s a sad feeling then but the botters are selfish I’m glad nike is fixing that now making sure everyone get a fair chance
@JasonB808 Жыл бұрын
Shoe Scalper = Anyone want to pay $1000 for shoes? World that has been instantly cured of stupidity = No Shoe scalper = 😱 Shoes never go above retail again. 😏
@CarCrazy24 Жыл бұрын
Pre-orders is the ONLY way to resolve this issue once and for all.
@IlCanaleDegliEroi Жыл бұрын
yoo look at my boy Nova
@jamiefox9245 Жыл бұрын
I’m not paying anything more than the original price from Nike,Adidas etc🤷🏽♂️
@MetalFacedGamer Жыл бұрын
I think the part that bothers me the most is it. I want them because I want to wear them.
@MrNewYorknick1 Жыл бұрын
Nike, supreme ( when the hype was there ) and other brands knew about these issues years ago. They just want a piece of the pie that's all
@flipster7746 Жыл бұрын
I would like to get some for retail but if not, I go for reps. Only Sometimes pay resell
@CarCrazy24 Жыл бұрын
Pre-orders is the ONLY way to resolve this issue once and for all.
@SplashPings Жыл бұрын
oh hey thats us :) 🌊
@consumeboxing Жыл бұрын
Most botters are nerds and honestly don't care about the sneaker culture. I promise if there wasn't any resell value they wouldn't care for most releases and would only buy what they truly like. Whereas a "real sneakerhead" will buy every color of a silhouette to say they completed the pack or so. Even cop' multiple pairs of the same color-way due to their extreme passion of having an "item."
@XChronicHash Жыл бұрын
BOTTING EXPENSES? pls explain
@Shervind Жыл бұрын
This is just algorithmic trading placing orders.
@jeremiasfly Жыл бұрын
0:35 My name is Jeff! .
@kharithoughts2679 Жыл бұрын
These aren't essential goods. The government probably has better things to do than to worry about some dude getting his favorite sneakers in green.
@QS-si3cq 5 ай бұрын
Tell us more about how you don't know how the economy works.
@kharithoughts2679 5 ай бұрын
@@QS-si3cq but why when I can read your dumb comment
@WinstonLeentvaar Жыл бұрын
Grabbed 90 pairs Yeezys 😌 it’s just about who got the best setup and the most money
@nishankamin Жыл бұрын
Anyone who buys shoes knows Queue-it is the most useless thing ever. Most people stopped shopping at Snipes because they use Queue-it and all the bots eat.
@MsVibrato Жыл бұрын
Demand Supply is the main problem ?
@xsforreal Жыл бұрын
I like the solution Adidas has found with Confirmed. With their app, you have a certain amount of time to enter into a lottery for a shoe, and the winners are randomly drawn at the end of a countdown. This has helped me buy multiple pairs of Yeezys at MSRP since everyone who wants the shoe is given the same chance, it doesnt matter if a bot clicks faster than you.
@GSR978 Жыл бұрын
It's amazing how much people will pay for ugly footwear.
@iuhoosiers14 Жыл бұрын
Homie at the beginning said anyone want to pay a thousand..he’s still holding them to this day lol Nike said 98% success rate my ass 🤣
@Antoine0 Жыл бұрын
a easy fix is to make everyone verify their whole ssn + send in a bereal at checkout!
@Dior444L Жыл бұрын
So You are comfortable giving a random company your ssn? 😂 that’s silly, soon as they have a data breach, people will be crying.
@kuvjason7236 Жыл бұрын
While i respect the hustle. It ultimately hurts Nike and in the long run... the average consumer losing trust in Nike's ability to get the goods to the actual consumer. If i can get the product legitimately... i will ultimately just never buy from X company again
@CliqueOverAnything Жыл бұрын
Nike won't care.
@Michael20 Жыл бұрын
True. I stopped buying Nike shoes and being a sneakerhead as shoes were annoying to buy due to stock or site issues
@ch4rleebrown153 Жыл бұрын
I was on the adidas site for 6 hours, and I didn’t cop anything
@AskMiko Жыл бұрын
There’s a luxury brand in Europe who is fighting counterfeiting by forcing buyers to pick up products in person. May sound like nothing, but the purpose is to scam their faces and build a database to catch fake goods, etc. Data intelligence and facial recognition will be used for online buyer profiles to get ahead of the bots.
@OzyMandias13 Жыл бұрын
When small retailers, like skate shops or one-off sneaker boutiques, stopped in-store drop events because of Covid, they suddenly realized that they didn’t have to answer to anyone. They can have people sign up online or drop off an entry to a lottery that no one sees happen and no list of winners is made available. Nobody knows how many shoes are available in the first place. They say they’ll contact the winners to arrange an in-person sale or ship to them, but almost everyone posting on the shops socials socials is talking about never winning.
@OzyMandias13 Жыл бұрын
When small retailers, like skate shops or one-off sneaker boutiques, stopped in-store drop events because of Covid, they suddenly realized that they didn’t have to answer to anyone. They can have people sign up online or drop off an entry to a lottery that no one sees happen and no list of winners is made available. Nobody knows how many shoes are available in the first place. They say they’ll contact the winners to arrange an in-person sale or ship to them, but almost everyone posting on the shops socials socials is talking about never winning.
@perfectallycromulent Жыл бұрын
combatting bots by discriminating against mobility impaired disabled people isn't a great solution.
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