Quote:
Originally Posted by whattimeyougot
Flipping will stop when it becomes difficult to make a quick buck in our society. Hit just right on a stock and you have your Rolex money within a week. Crypto same. YouTube, TikTock, etc. There are so many ways to ‘hustle’ in today’s society and make money quick that there will always be people with ‘new’ money looking to spend it. Go back 30 years, pre-internet, and it took time and savings to buy a Rolex. Those days are gone and gone for good.
In short, flipping has just begun.
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That is true, the Internet (and technology) has changed things forever, including human behaviour.
The Internet has enabled the ‘quick buck’ in a way in a way never before possible and there’s no putting the genie back in the bottle.
Perhaps a large destruction of demand is indeed the only way to end flipping, especially since Rolex is not planning to ‘rectify’ the supply situation.
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