Four differing opinions about Bitcoin

Four differing opinions about Bitcoin

By cryotosensei | CryptoSensei | 14 Aug 2023


Need to teach my students how to differentiate fact from opinion. Since they are interested to learn about Bitcoin, I used my experience to write four opinion pieces for them.

Opinion 1:

I was skeptical about Bitcoin at first because I read that it was used to pay for items on the Dark Web. Nonetheless, when the social media manager chanced upon my blog and invited me to be an influence for their crypto exchange, I thought I should be open-minded and give Bitcoin a try. My son was then a baby, so I was motivated to find out more about it because I expected Bitcoin to be the currency of the future. I could only guide him properly on how to navigate the digital space if I had experience with Bitcoin myself.

Opinion 2:

I understand that Bitcoin is a high-risk, high-reward investment. However, if we see it as a store of value, it could be used as another form of mobile payment and make our lives more convenient. For example, I once visited Boracay in the Philippines. I was amazed at how I could pay for things using the Lightning Network. After this positive experience, I can’t wait to visit Lugano, Switzerland one day and use the Lightning Network there!

Opinion 3:

I never invest money that I can’t afford to lose. I don’t have much spare cash in the first place. Luckily, companies like Coinbase and Revolut enable their users to earn some cryptocurrencies after going through their Learn and Earn lessons. What I do is to attempt these lessons and convert the cryptocurrencies I obtain to Bitcoin. I know it doesn’t sound like a lot of money, but hey, every little bit earned from crypto counts.

Opinion 4:

Did you know that El Salvador was the first nation to recognise Bitcoin as its national currency in September 2021? This was what sparked my interest in Bitcoin. I also read from the news that Bitcoin ATMs are rather common in some countries like America and Canada. So, I think Bitcoin will become increasingly common in the future. That’s why I acquire some Bitcoin now because I don’t want to stay ahead of this trend.

Questions

1. Who thinks that he should get involved with Bitcoin for the sake of his child? (Person 1)

2. Who thinks that Bitcoin can be effectively used as a payment option? (Person 2)

3. Who thinks that investing in Bitcoin can be dangerous? (Person 2)

4. Who thinks that it is a good idea to accumulate small sums of money from crypto? (Person 3)

5. Who thinks that he refrains from investing when he feels that he can ill afford to lose his money? (Person 3)

6. Who thinks that Bitcoin will become more and more prevalent in the future? (Person 4)

7. Who thinks that buying Bitcoin will help him stay updated with the current trend? (Person 4)

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cryotosensei
cryotosensei

budding investor


CryptoSensei
CryptoSensei

chronicles of an English teacher

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