I have never been involved in Bata trade
As a kid, me and my cousins would trade the cheaper sweets sold for half with the better and higher quality candy sold for twice or three times as much. We’d trade them according to the price of each.
Trading Pokemon cards was the first barter transaction I can remember. I traded one of my rare cards for two booster packs. I thought it was a good deal because I received 20 cards for one my mine, and maybe I could have gotten an even more valuable card. But turns out the card I traded away is still the most valuable Pokemon card to this day.
when i was young i use to trade my pizza in school during lunch period for cookie or a snicker. at the time i thought it was a great exchange but now i see that i was giving something worth more since you had to buy any additional slices of pizza for $2 and the snickers was for $1 so i should have exchanged it for something closer to the $2 range since any kid that wanted to buy another slice they would just buy the snickers for $1 and save $1 but at the time i didnt care to much for the cafeteria pizza.
Trading NBA basketball cards in primary school with the other children.
Although the cards were initally bought using fiat (or given as gifts from parents, doing chores, etc), the packs were very random, so often you would get cards of a higher rarity than the others. Then of course, some kids had favourite players/collecting sets or during the course of a season some cards would be ‘worth more’ dependant on how certain players performed.
Transactions were done under what perceived ‘value’ each card had based upon what was in demand at the time, sometimes 5 ‘average’ cards were needed in exchange for one ‘rare’ card & so forth.
One of the first “barter tx” I did was changing marbles and trading cards at school
Normally I changed the ones that I had duplicated, so it was fair. The time when I had to change maybe two marbles of mine to get a bigger one, it was also fair, or at least for me and the boy I was changing it wit. We were making the deal
We traded marbles. 1 super large marble equals 2 large marbles and 1 large equals 3 small marbles. In my circle of friends the rules were the same, but outside of that the rules could be different and the exchange was sometimes with a cry.
When I look at this is is like a sort of currency.
We also traded candy for what was reasonable to exchange for example chewing gum for chocolate. That was most of the time a good exhange because you only did it because you wanted the other item so desperately!
In both cases it was quit a fair exchange. There where a few exchanges you where forced to do by someone who intimitated others and that was of course not a fair trade.
I’ve traded different things my whole life. When I was 10 yrs old, I traded 1 broke to ride pony for 3 wild ponies. I thought this was a great trade because I had only paid $25 for the pony 2 weeks earlier. And it was wild when I got it. I then took those ponies home and broke each to ride. In one month they were all broke to ride and sold for an average of $150 each. After feed and time I made plenty of profit, and was able to buy 5 more ponies to continue the cycle.
In school, we used to trade orbeez (aka water babies). Trades were based on the colour each party wanted.
For example, Person A desired the blue water baby ( that was in possession of Person B), and Person B wanted the pink water baby, owned by Person A.
The trade went something like this: “I will trade my pink water baby for your blue one”.
I think it was a fair trade, both parties got what they wanted, the value was subjective to what colour the person desired.
Unless one party did not have a colour that another person wanted, then it would be a riskier exchange based purely on persuasion and bartering- such as trading your purple water baby for 3 clear ones. It was calculated based on how many/ the colours you had.
Both held their own level of fame- it just depended on the collector.
The classic barter for me was trading Pokemon cards. Obviously there were times where I felt the deals were fair, and sometimes not as mush (it was just they way things were I guess). I particularly remember one transaction that was really foolish and ultimately led to me crying and thus a transaction reversal (I think it was a Charizard or a Blastoise). Pokemon really used to play with my emotions, ha.
I don’t barter much but I did do one last year. It was a family photo shoot for my massage therapy services. My friend from high school just started a business. I thought it was fair. It will take me a little longer because their value was over a thousand and mine is about 90 per hour. Instead of one person, I get to work on his wife and son too when they come.
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?
As a child I traded someone a legendary Pokémon card for a whole for some candy at recess. Looking back this wasn’t a fair trade because the candy lasted 10 minutes while he is probably making a lot of money from my pokemon card right now.
As a young child at school, I vividly recall engaging in a barter transaction with other kids which entailed trading sports cards or food items. Looking back, I would say there were times the transaction was mutually beneficial when trading one for one sports cards that neither of us had. On the otherhand, trading a couple of sports cards for a chocolate bar could be seen as unbalanced since the chocolate bar would provide a one time instant gratification by being immediately consumed, whereas the sports card (s) provided lasting long term value.
1)Parents asking us to do chores and they give us sweets as that was precious to us.
2) Trading Baseball cards.
When I was a kid I had exchanged a pretty cool big car, which had a remote control for a colorful and small car just because it was “nice and bright”. It was tolly not fair because the value was 10 times more or so.
The other time I heard that my father exchanged a vacuum cleaner for a TV. For me it is hard to decide if it was fair, but my father could make 2 working TV’s from 3 not working TV’s. So it was probably more or less fair for everyone
Before moving cross country, I held a yard sale. My neighbor offered to trade me an old, fancy set of dishes for my set of Babolat tennis rackets and bag from college. I hadn’t played in long time and wasn’t planning to take them with me anyway. I’ve definitely gotten use out of the dishes when we host guests. Definitely a fair trade in my book.
As a child, I remember bartering Pokemon cards and figurines. I traded my Raichu for a Golem (I was assured it was a good trade by the older boy on the street). I remember deeply regretting this choice, and that he wouldn’t give it back. Needless to say, I learned a lesson about subjective value and getting taken advantage of.
As an adult, I frequently engage in skillshare trades on video chats with other circus teachers around the world. For example, I’ll trade a private hula hoop lesson for flexibility traning, or a private handstand lesson. These trades leave me feeling a lot more equal. It’s a win-win, because I get to flex my teacher and student muscles at the same time!
When I was younger I used to trade Pokémon cards, sometimes I made a good trade but most of the time I made bad trades. I learned a lot from this experience, for instance don’t trade if you don’t want to and think before you make a trade and with whom you make a trade.
I think you can compare this in crypto in a way.
When I was a little boy, my grandparents had a garden full of fruit and vegetables. I remember that they often exchanged them for services, for example at a shoemaker, gardener, even at a mechanic.
Ahh it was POGS for me, I would always have 2 collections my personal one and one made up entirely of duplicates and there was always two types of barter I would do either to add directly to my personal collection by trading upto 10 pogs for the one that I needed or add more to the duplicate collection for future bartering .