Re:Ask HN: What similarities might the crypto market have wi...
by flyGuyOnTheSly on Wednesday December 27, 2017 @11:15PM
(#16020263)
>You can't actually go to your local coffee shop with 10k in Bitcoin and buyout the stock. They may treat it like $2.
My father taught me a great lesson along those lines growing up.
I used to collect baseball cards, and was thrilled when I realized that one of them was "worth $20" in some baseball card collecting book that I had.
I ran to my father and exclaimed with great joy that "I have a baseball card and it's worth $20!" (which was a lot of money for an 8 year old at the time...)
To which he said, "Not to me it's not. I wouldn't give you anything for it. Because I don't collect baseball cards."
That blew my 8 year old mind.
It said it was worth $20 in the book, but my dad wouldn't pay a penny for it.
(He probably should have! It's worth $100 today!)
But the lesson was sound and has stuck with me ever since.
I still collect the odd thing these days, but I don't pay too much attention to what some book says they're worth.
My father taught me a great lesson along those lines growing up.
I used to collect baseball cards, and was thrilled when I realized that one of them was "worth $20" in some baseball card collecting book that I had.
I ran to my father and exclaimed with great joy that "I have a baseball card and it's worth $20!" (which was a lot of money for an 8 year old at the time...)
To which he said, "Not to me it's not. I wouldn't give you anything for it. Because I don't collect baseball cards."
That blew my 8 year old mind.
It said it was worth $20 in the book, but my dad wouldn't pay a penny for it.
(He probably should have! It's worth $100 today!)
But the lesson was sound and has stuck with me ever since.
I still collect the odd thing these days, but I don't pay too much attention to what some book says they're worth.