Here's my humble attempt to introduce my students to the sweet world of Bitcoin. For their exam, they are supposed to match a comment to the speaker who holds that particular opinion. I had fun coming up with this exercise!
Four people share their reasons for their interest in Bitcoin.
Read their comments and answer Questions 1 to 7.
Person A
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 influencer for his 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.
Person B
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!
Person C
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.
Person D
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 want to stay ahead of this trend.
Read the comments of four people on the Insert and answer the questions below.
- Who thinks that he should get involved with Bitcoin for his child’s sake?
Person ________
- Who thinks that it is a good idea to accumulate small sums of money from crypto?
Person ________
- Who thinks that Bitcoin will become more and more prevalent in the future?
Person ________
- Who thinks that Bitcoin can be effectively used as a payment option?
Person ________
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Who refrains from investing in Bitcoin when he feels that he can ill afford to lose his money? Person ________
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Who thinks that buying Bitcoin will help him stay updated with the current trend?
Person ________
- Who thinks that investing in Bitcoin can be dangerous? Person ________
Maybe you will like to try out this exercise for yourself, lol.