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Discussion in 'Jordan Brand' started by nostalgia94, Oct 17, 2018.
dont think he was replying to that question
GOAT doesnt allow $1 undercutting and is a generally less used platform. more selling competition on stockx contributes to lower prices
That $1 bid and undercut is so stupid.
never thought about that, that would fix it.
GOAT hasn't sold a pair of fakes either as far as I know.
StockX has sold fakes? If so then I guess having a 3rd verification party still isn’t full proof. I’ve bought 3 pairs of shoes so far on there though and haven’t had any issues yet.
I hate that StockX exists, but I don’t agree with this reason. Seems like it makes a more efficient market in terms of pricing by allowing you to pick whatever price you want, particular given that most items are in the $50-$500 price range.
Why? It allows competition.
Love that stockx exist. Or how else would you acquire limited shoes without getting raped by scumbag reseller s.
Are you implying that having minimum bids does not allow competition? Enforcing a minimum bid helps buyers and sellers. Gets rid of the lame $1 out-bidders and helps sellers reach their asking price quicker.
Retail or bust. I’m willing to give up some access as a buyer to reduce sellers’ access to a market.
The bid is the maximum you want to pay not minimum. Ask price puts downward pressure on the price while the bid puts upward pressure. It resembles the stock market.
Minimum bid as in the increments you can increase your bid by - not a minimum Ask.
And StockX is more of an auction than the stock market. Don't get fooled by the name and marketing
And if you've ever participated in an auction, there is most likely a minimum bid indicated for the items they're auctioning off. They're not going to allow you to outbid people by $1 dollar every single time.
Thanks everyone, interesting comments!
Huh? Maybe I'm misunderstanding you but, either way, the ask price is the least you'll take. The bid is the most you want to pay. It's the same way when you buy and sell stocks. If you're selling you throw up an ask price or the least you'll take for your shares (unless you're doing a market sell or another variation) and if you're buying you submit a bid or maximum you want to pay per share (unless doing a market buy, etc).
Auctions have a duration like eBay...
GOAT has sent fakes . A lot of YouTube vids on it
To say, "it's impossible for goat or stockx to authenticate fakes" is a false statement. Unfortunately, they're definitely both going to allow fakes through at one point.
how many actually proven tho?
plenty cried wolf but when asked to provide emails or order confirmations they went ghost
other guy who went far enough to post fake screen shots got ousted by goat saying no one from the state the "buyer" was from even ordered the shoes.
Not to mention claiming fakes from goat or stockx is a easy way to rack up youtube hits. Use common sense too.
Yeah, I'm not buying that story about GOAT sending fakes.
True. I’m just saying that there’s always a chance of human error. I do trust goat more but I would always triple check the shoes myself before wearing them.
Def do not disagree
Fakes have likely gone out both doors, I do trust goat way more so less likely but there’s always a chance
Who knows since there’s people out there who think it from a certain site and never bother to check and they could have fakes and never know it
You hate it cuz you didn’t create it! They making a killing
Nope. Just because something is financially successful doesn’t mean I find it worthwhile or valuable. I would take little satisfaction from having created most of the world’s billion-dollar companies because they mean nothing to me on an emotional or aesthetic level.
Stock X and GOAT the ultimate jig. Just rolled up on the block and Debo'd everybody for 10% of their pocket