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Cryptocurrencies

Introduction

Read through the following text and look up any vocabulary you are not sure about before answering the questions.

With so much uncertainty in the stock market at this current time, bitcoin has been championed by some as being the best investment you can make. Bitcoin is a cryptocurrency with quite a volatile recent past. Around 10 years ago, in 2010, you could pick up a bitcoin for less than a dollar, in 2017 that same bitcoin would have cost you nearly twenty thousand dollars and in 2020 its value has halved to roughly ten thousand dollars. Even with this past volatility, many experts see cryptocurrencies such as bitcoin being the future and although there may be some ups and downs ahead, your investment will pay off in the long run.

Vocabulary

Try and use the following vocabulary when answering the question. Click to look up the definition in the dictionary
  • cryptocurrency (noun)
  • bitcoin (noun)
  • invest (verb)
  • investment (noun)
  • volatil (adjective)
  • volatility (noun)
  • ups and downs (idiom)
  • pay off (phrasal verb)

The Question

Try and have a conversation for 2-3 minutes answering the following question.
Is bitcoin a good investment?

Additional Questions

Keep the conversation going with these follow questions related to Cryptocurrencies
  • What do you know about bitcoin or cryptocurrency?
  • Do you own any bitcoin?
  • Do you know anyone that has made money through investing in bitcoin?
  • Why do you think the prices of bitcoin have changed so drastically in the last 10 years?
  • Would you consider investing in bitcoin now?
  • Do you think bitcoin and other cryptocurrencies with an increase in popularity in the future?

Teacher Resources

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