Hold is a term used to describe the act of reserving a pair of sneakers in order to wait for its value to increase. This is often done when a sneaker is in high demand, as it allows people to ensure that they will be able to sell the sneaker for a higher price at a later date. Holds can be a great way to make money off of limited edition sneakers, as they allow people to capitalize on the high demand for certain items.
Holding sneakers can be a risky strategy, as the value of a sneaker may not always increase as expected. Factors such as market saturation, changes in fashion trends, and the release of new models can all affect the value of a sneaker. Additionally, the resell market is highly competitive, and there may be many other people trying to sell the same sneaker at the same time, which can drive down the price.
It is important to do research on the sneaker you want to hold, and consider factors such as the release date, the number of units produced, and the popularity of the brand or model. Additionally, it is important to have a good understanding of the sneaker resell market in order to have a better idea of what the sneaker is likely to be worth at a later date. It's also crucial to have a good storage space where the shoes will be kept in good condition and protected from any damage.
Holding sneakers can be a great way to make money, but it requires a good understanding of the market, knowledge of the product and some patience. It's also important to have realistic expectations and not to over-extend oneself financially.