Activity Lesson 1

I exchanged some new Nike runners for a Sony Ericsson, one of those flip-flops…you could play music though…lol…great deal for both of us involved.

When I was a kid in school there used to be barter transactions all the time. One that. Actually stuck to mind was one I didn’t think was fair. It was between 2 toys (I don’t remember what they where called exactly), but I just remembered regretting the transaction as I ended up with one that looked cool but was useless in competition. And lost a solid spinning thing I had before.

The exchange of Pokemon cards based on their skills or perceived strength. I imagine I traded something like a Bulbasaur for a Charmander. Since they were relatively the same level and strength is was a fair trade. Especially since Charmander was my favorite at the time.

When I was a child, the first job I had was as a newspaper delivery boy in a large high-rise apartment building. In order to avoid having to deliver the newspapers to the customers’ door by climbing the stairs to each floor, I made a barter transaction with the building superintendent. We agreed that, in exchange for a free newspaper every day, he would provide me with a dedicated elevator that I could use while making my deliveries.

I think this was a fair exchange, and I was very satisfied. I always was given 2-3 extra newspapers in case some were damaged, so to give the superintendent one newspaper really cost me nothing – yet it was meaningful to him. In return, I was able to complete all my deliveries far more quickly and with less effort (no stairs to climb!).

A primary barter that i recall when i was younger was trading cards for specific trading card games. One example a super rare card in Pokemon the trading card game was a holographic charizard. my friends little brother ended up getting it from a pack a cards. the older broher ended trading him a holographic snorlax for that card. the older brother did that because he knew that charizard was worth a lot of money.

so at todays rate the charizard is worth over $1,000 while the snorlax at most is worth $200. not a fair trade

One of the barter I recalled was the exchanging of country theme erasers. One example was to exchange a few normal base colour for one of the more unique base colour eraser. It was worth it i would say as there are really too limited of those with unique base colour.

Hi

Ive lost interest in the past when things go quiet in Crypto but since Ive been in the academy and also watching Ivan Live, I have learnt these are the best times get ahead of the game, big things are around the corner so “build a position now”

Answers:

I have barter trade items as a adult by exchanging an used audio system component to another brand new household appliances. Certainly consider if both items were brand new, my audio component will has a higher value, however since it is a used item, the trade will only make sense to both parties if we factor in the a depreciation value.

From a tangible aspect, it is absolutely fair since we both derive a need in those items respectively despite the exact current value for both items may differ.

Barter transaction: Honey (I am an amateur beekeeper) in exchange for growing food plants (lettuce,tomatoes, pumpkin, etc). \Although I exchanged 1 item for multiple ones, I think it was fair as plants given still needed to grow (wouldn’t know if some will succeed or not) and my jar of honey was ready to be eaten.

I remember trading football stickers of world championships. I know the gold stickers were the more rare ones, and if you wanted to get a hold of a gold sticker that one of your friends had, you had to give him 4 or 5 stickers of football players that he was missing in the album. So even though he already had a gold sticker in the album he knew that the gold stickers were rare and he didnt want to trade it for “cheap” and that he had the option of choosing who he wants to trade with (that someone that had the football player stickers that he was missing). And he knew he can get 4-5 stickers. so it was a good deal for both. SUPPLY & DEMAND.

ps.: my album was not missing a single sticker, so I can say my trades were successful. :muscle: :grin:

It was during my 5th grade when I trade my one size fits all cap to my classmate
in exchange of his 5 months old rooster. hahaha
For me it wasn’t a good trade especially for him because a cap is just an unnecessary clothing, while a rooster is a living thing.haha
But at the end I was the one who lost the trade because weeks later
my mom didn’t like it that we have a rooster in the house because
its very noisy when it crows early in the morning.
and that’s why we decided to give the rooster to my uncle who also happen
to have a farm of chickens and rooster. hahaha

The barter I did as young, and still do today is when me and my friends are playing monopoly, we trade properties with each other. If one card is less valued than another we just put money in between. I don’t know what the rule book says about that, but we made our own rules. Much more fun! :wink:

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The only example I can think of is from when I was a kid, trading hockey cards with my friends at school. I guess some trades were good, and some bad. I think I did pretty decent myself, but I remember two classmates where one part managed to rip the other part for all his Gretzky cards. You win some, and he lost it all…

When I was a kid My step uncle traded me a beat up O.J Simpson football card and in return I gave him a signed picture collage of Dan Fouts. At the time I had another signed Dan Fouts collage so he made me feel like I should get rid of one. The problem I know now is the 2nd one was signed -To Troy which completely devalues the picture. So he took the one that has value because it was just the signature from the hall of fame football player and he gave me a crappy card. So I know now it was not a fair trade.

As a kid, my friends and I would trade marbles and empty cigarette packs ( I know weird thing to exchange as a kid, we wouldn’t smoke them we would just collect weird brand that tourists from all over the world would bring, we’d tear them and make them look like cards because they had cool designs, all I can say it was Cuba, we didn’t really had many options :sweat_smile:) anyhow the thing is we would agree on exchanges depending on how rare or hard to find they were, maybe a really hard to get “card” could be exchanged for 10 of the easy ones, some would never get exchanged and people would hold on to them like gold, just because of its scarcity. All in all, we tried to be as fair as possible but of course every now and then, there’d be someone who had an extremely rare one, and had no idea of its “value” so he would get scammed for lack “knowledge”.

Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?

When I was in college, I made an agreement with my brother to write a paper for him in exchange for a painting. It turned out to be a terrible trade because the painting only took him a couple of hours, whereas the paper took me the entire night to complete. To analyze this a bit more deeply, I am comparing the amount of time required for the PoW without taking into consideration the quality which affects the value of goods or services as well, although quality is debatable, and also the skill level which not only affects the quality and increases the value, but also decreases the amount of time required for production.

I hike for an hour once a week with my hairdressers dog because she does not have time to exercise the dog. She cuts my hair for free every 2 weeks. The going price for dog walking for 2 hours is equal to the price of my haircut so it is perfect arrangement.

One barter transaction I remember happened in high school. It was during the lunch break, when I offered a classmate 512 MB of DDR memory if he bought me a Döner Kebab. At the time 512 MB of memory had the value of more than 10 kebabs, so it the trade wasn’t in my favor.

Growing up in an island where money was hard to come by it was easier to trade goods like rice for meat or labor in exchange for school supplies and it work because you are transacting with a limited number of direct contacts and you know everyone. For as long as both parties are satisfied with the exchange and remain in a mutual relationship, however there is a very limited growth of trade.

Early 2000s with little to no streaming available, exchange of self-burned DVDs was a thing. Certainly was practical and efficient for everybody involved.