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<blockquote data-quote="simme" data-source="post: 1747281" data-attributes="member: 40418"><p>Just some thoughts on the analogy. I know nothing about crypto currency. (I thought crypto was a parasite that infected a person's or cow's intestines and produced a feeling of near death. Probably a different crypto, but maybe some similar traits.)</p><p>If I buy a healthy cow for $3000 and it dies 2 days later, then I lost $3000. With cow experience, I hope I did a good assessment of worth and condition and just had bad luck. If I bought a $60,000 cow that had been bought and sold many times over the past 5 years with selling price from $5000 to $65,000 and everywhere in between and then find that my $60,000 cow shortly after purchase is only worth $25,000, then I probably did not do enough evaluation of value and risk on that cow. I think I had better avoid the high dollar stock and stick with those $3000 cows - a little overpriced at the $3000, but I just don't need a cow that asks for a password.<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="simme, post: 1747281, member: 40418"] Just some thoughts on the analogy. I know nothing about crypto currency. (I thought crypto was a parasite that infected a person's or cow's intestines and produced a feeling of near death. Probably a different crypto, but maybe some similar traits.) If I buy a healthy cow for $3000 and it dies 2 days later, then I lost $3000. With cow experience, I hope I did a good assessment of worth and condition and just had bad luck. If I bought a $60,000 cow that had been bought and sold many times over the past 5 years with selling price from $5000 to $65,000 and everywhere in between and then find that my $60,000 cow shortly after purchase is only worth $25,000, then I probably did not do enough evaluation of value and risk on that cow. I think I had better avoid the high dollar stock and stick with those $3000 cows - a little overpriced at the $3000, but I just don't need a cow that asks for a password.:) [/QUOTE]
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