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Uncovering the scam in the "Shoe Speculation Tutorial", is shoe speculating as much a scam as stock trading?

Can shoe speculation really make us rich?

With the continuous development of today's society, many new industries have appeared around us. Many young people have begun to engage in some new industries. They hope that through these new industries, they can make a fortune. But unexpectedly, some people have fallen into the abyss and are unable to extricate themselves.

I believe everyone is familiar with sneaker culture. In recent years, some internationally renowned sports brands have launched many sports shoes with commemorative significance or co-branded with multiple brands. After adding a lot of value to these sneakers, they are collected by some sneaker enthusiasts. Sneaker culture emerged. Nowadays, there are many young enthusiasts across the country and even the world who like to collect sneakers.

This is an emerging culture, but many people see business opportunities in it. Sneaker dealers are the dregs of sneaker culture. These people know that some sports shoes are in short supply in the market, so they use various means to hoard a large number of sneakers. When the market is relatively saturated, they will release all the sneakers in their hands to make profits. And this batch of sneakers will be taken over by another wave of people, and the cycle will continue.

There are many reports on the Internet about cases of getting rich by speculating on shoes. Therefore, many young people are proud of this and hope to make money by speculating on shoes. But in fact, as a well-known lawyer said, shoe speculation is like a bubble economy. When the sneaker speculation reaches its peak, the bubble will inevitably burst. And the next person who takes over this batch of sneakers will be cut off. This is not a profitable business, but an extremely risky one.

After we stocked up on some sneakers, we couldn’t predict how popular the prices of these sneakers would be in the market. If the price of sneakers continues to drop after hoarding, then this batch of goods may be lost in your hands, or sold to the next batch of sellers at a very low price. A pair of sneakers may cost more than ten or twenty yuan, but if you hoard thousands of pairs, the loss will be a very large figure. In other words, speculating in shoes and stocks actually involves certain risks.

I would like to advise today’s young people not to choose the shoe speculation industry easily. Young people should steadily improve their abilities and qualities and learn more skills. In this way, when you enter society, you can have more shining points to compete with others. Instead of just thinking of some crooked ways to make money. I hope sneaker culture can truly prosper, rather than through shoe speculation.