Are cryptocurrencies a good thing?

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In this week's headline, we've weighed up the pros and cons of using cryptocurrencies and what this means for people in El Salvador. Here's a reminder of some of the arguments.

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So, what do you think?

You can also find out more about Bitcoin and other cryptocurrencies in this Newsround article.

Are cryptocurrencies a good thing, a bad thing, in the middle and why?

See if you can explain your point of view and include some original arguments of your own.

Comments (153)

  • British Council.jpg active_speech | Pabna Cadet College | Bangladesh
    17 Sep 2021

    I don't agree that Bitcoin is a good thing.There are several reasons:

    1.In the year 2021,bitcoin caused a lots of harm in the graphics card market...as a result graphics cards were out of reach of the general people.only rich people could afford it
    2.Bitcoin market is connected to some other products market.So up and down of that market causes a lots of loss of money!
    3.Some minner of cryptocurrency like bitcoin has suffered a lots of loss when it was banned in china!
    4.Cryptocureencies couldn't be at the reach of general people for it's huge price.
    5.Several months ago...elon musk said that tesla could be bought by bitcoin...but after somedays he again said that tesla couldn't be bought with bitcoins....thus rich people could fool the general people with the cryptocurrency.

    Reply to this comment
  • British Council.jpg efficient_fern | Tarun Madhyamik Vidyalaya | Nepal
    17 Sep 2021

    Yes cryptocureencies are a good thing because of following reasons:

    1,Fraud proof: when cryptocurrency is created, all confirmed transaction are stored in a public ledger.All identities of coin owners are encrypted to ensure the legitimacy of record keeping.Because the currency is decentralized you own it. Neither government nor bank has any control over it.

    2, Accessible: There are over two billion people with access to the internet who dont have rights to use to traditional exchange systems.These individuals are clued-in for the cryptocurrency market.

    3,You are the owner: There is no other electronic cash system in which your account is owned by you.

    Reply to this comment
    1. British Council.jpg consistent_pear | Barishal Cadet College | Bangladesh
      efficient_fern's comment 19 Sep 2021

      I understand your perspective, but the system of encrypted identity you mentioned - don't you think it will boost illegal transactions and make it more frequent and easier? As no authority has control over it, transactions favoring criminal activities may also take place. I would be obliged if you would shed some light on the aforementioned point.

      Reply to this comment
    2. British Council.jpg champion_seed | Shouka Prep Girls School | Occupied Palestinian Territory
      efficient_fern's comment 21 Sep 2021

      True words, but this matter benefits the electronic fraudsters a lot, and there is no electronic system that protects against fraud, so the beneficiary is the electronic fraud

      Reply to this comment
    3. British Council.jpg best_blueberry | Shouka Prep Girls School | Occupied Palestinian Territory
      efficient_fern's comment 22 Sep 2021

      Yes, you are right in everything except that cryptocurrency is a good thing. It is not a good thing because it is a method that is not legitimate and cannot be used, but all the reasons mentioned are true except for the context of the first sentence

      Reply to this comment
  • British Council.jpg active_speech | Pabna Cadet College | Bangladesh
    17 Sep 2021

    Why should we use bitcoin or other cryptocurrencies?....we do have digital banking system which is flourishing day by day...and the use of it is spreading in rural areas in some mid-developed and under developed countries.....which is indeed a great achievement.The use of physical money is not also a burden to us....we have the habit of using it in past times and it is still in use.And the security of transaction is getting developed also.Then what is the reason of using bitcoin?....

    Reply to this comment
    1. avatar.jpg EXPERT: Alice @ KPMG
      active_speech's comment 21 Sep 2021

      Hi active_speech, thank you for your contribution. You raised an important question when you asked why cryptocurrencies should be used. Can you find information on the advantages and disadvantages of cryptocurrency compared to traditional money from doing further research? Please share your opinion on the question 'are cryptocurrencies a good thing?' once you have done so.

      Reply to this comment
      1. British Council.jpg active_speech | Pabna Cadet College | Bangladesh
        Alice @ KPMG's comment 21 Sep 2021

        Traditional currency VS bitcoin

        Anonymity

        Bitcoin, Ethereum, Litecoin, and lots more are cryptocurrencies. US Dollars, Pounds, euros, etc. are fiat currencies. The main difference between them is, the traditional currency is a centralized system and bitcoins are decentralized one and peer-peer systems. Hence there are no central authorities to regulate rules and regulations on a bitcoin transaction. But a traditional currency is strictly regulated by the governmental authorities. Both the bitcoins and fiat currency have values which can be used for buying and selling of goods in the market.

        Flexibility

        With traditional currency functioning for five days a week and die to transaction restriction, there is a chance of freezing of currency. There is no limit in the number of currencies, being printed, and hence when there is inadequate currency, it will affect the buyers and sellers, resulting in inflation. But as the bitcoins have a maximum limit of 21 million bitcoins to be mined. Hence both the buyers and sellers will mine accordingly; thereby, there is no inflation in a bitcoin Cryptocurrency system.

        No fraudulent activity

        If you want to transact with a traditional currency system, the users have to provide personal details like name, address, phone number, and lots more. So, with the internet technology, the malicious user will be able to hack the account details of the traditional currency system easily. Traditional currency can suffer from double-spending, where the same money is used for more than one transaction.

        In the case of bitcoins, every transaction is recorded as blocks in a blockchain, which is a large public ledger. A transaction will be stored as blocks, which consist of transaction history, time of the transaction, and hash code of the previous block. This will be moved to the memory pool, from where the miners used to solve the complex mathematical problem of 16-bit hashing digits to a single bitcoin.

        After verification, the miners generate a hash code for that block and then encrypt them with an asymmetric encryption algorithm. After the block is provided with an encrypted hash code, it will be added to the transaction chain. Once the blocks are added to the blockchain, the blocks cannot be altered by any malicious users.

        As every block structure has the hash code for previous blocks, the alteration will be known to all the users in the blockchain. If the malicious user tries to access the block, the hash code becomes more complex, and the input cannot be retrieved. The transactions are public, where every bitcoin user will know about the transaction details, but the user identity will never be disclosed to anyone, thus maintaining anonymity.

        Reduced cost

        In a traditional banking system, for making a national transaction, it will take 2-3 working days, and the transaction fees will be high. In the case of international transactions, the transaction fee will be very higher, and it will take 15 days to complete the transaction. In a Cryptocurrency system like bitcoins, there is no transaction fee for making a national transaction. The transaction will also take place in seconds or within 24 hours, as a bitcoin system function 24 * 7. For making an international transaction, a minimal transaction fee will be incurred.

        In the future, there is a chance of merging cryptocurrencies and the banking system, which may impose rules and regulations. But still, the traditional banking system will be pushed to adopt to blockchain technology, when such merging happens. So, even with frequent fluctuations in the bitcoin system, many people wish to invest in bitcoins due to speed transactions and reduced costs. Bitcoins can be exchanged with any currencies, saving time and money at the same time. Many developing countries are taking steps for adopting blockchain in their business.

        Reply to this comment
  • British Council.jpg active_speech | Pabna Cadet College | Bangladesh
    17 Sep 2021

    Bitcoin isn't known till now to so many people.So,it should not used globally as a currency!

    Reply to this comment
    1. British Council.jpg affectionate_hippopotamus | Joypurhat Girls' Cadet College | Bangladesh
      active_speech's comment 22 Sep 2021

      Don’t you think for the same reason bitcoins should be used as a currency globally? Because without anyone starting to use this as currency,how can we know if its more beneficial or not?Maybe after using it as a currency, everyone would like to use it as their main currency.

      Reply to this comment
  • British Council.jpg candid_seagull | Islamabad Model School for Girls (VI-X), I-10/4 | Pakistan
    17 Sep 2021

    Cryptocurrencies are a bad thing because. Currency is a medium of exchange for goods and services. Cryptocurrencies are not frequent in being a medium of exchange because a lot of places don't accept cryptocurrencies and not everyone has the availability to the internet. And cryptocurrency's worth can rise or sink. I think it is a good choice to invest in cryptocurrencies but not good for an ideal currency

    Reply to this comment
  • British Council.jpg honest_speech | Shouka Prep Girls School | Occupied Palestinian Territory
    17 Sep 2021

    lhis addiction to eIectrouic ganes in all couutries, especially harm such aswhat hat beyefits,depnding on how lhese lhing are used is harmful to lhe hope pareuts l chose to be on leam Guardian lhe commercial com panies maJ have a rol in lhe type of games lheg produce ,but lhe pareuts aud lhe children them selves have arolein reducing the time of playing becauso it isolates them grow society and affects their brain

    Reply to this comment
  • British Council.jpg chatty_cicada | Rimal Prep Girls School C | Occupied Palestinian Territory
    17 Sep 2021

    For those who chose for or against.

    Is there no middle ground?
    Is everything in existence black or white? Are there other colors?!

    In my opinion, everything in existence has two sides, good and evil. After my research on Bitcoin, it became clear to me that I would be among those who would choose the middle solution.

    Below, I will summarize for you why I chose this middle solution, and I will explain to you a lot of information about Bitcoin, its pros and cons.

    Many are attracted to Bitcoin because of its independence and anonymity. However, its ease of use, speed and price are not quite as attractive as users would like.

    The most important advantage of using Bitcoin for payment is that there is no need for an intermediary to complete transactions. Despite this, the speed and cost of some operations are a downside when using this currency.

    Positives
    - Payments can be made 24/7 all over the world, even when there are no banking systems.
    International payments using Bitcoin are faster and cheaper than traditional bank payments.
    You can spend bitcoins in the same way you spend traditional digital money - from buying a desktop computer, mobile phone, or credit card.
    - Bitcoin also has valuable properties in the field of business, such as: multi-signature authorizations and transparency of accounting. Multiple signatures allow more than one person to sign to allow a particular payment to be sent, which increases security. The nature of the blockchain - where all operations are generally stored - increases transparency in business.

    Negatives
    - For example, make money.
    - On a retail business, such as: buying tea or tea initially.
    -Since some bits may still be parts of the graphics.
    Converting bitcoins to fiat currencies is very expensive.
    Not all services accept Bitcoin, but the number is in the number...

    Do you have any suggestions for this article?? Tell us about it.

    Reply to this comment
    1. British Council.jpg affectionate_hippopotamus | Joypurhat Girls' Cadet College | Bangladesh
      chatty_cicada's comment 22 Sep 2021

      As everything has both good and bad sides and you have chosen bitcoin in the middle of this,I would like to ask that would you like to invest in bitcoin if you had the chance?

      Reply to this comment
      1. tom Tom @ Topical Talk
        affectionate_hippopotamus's comment 23 Sep 2021

        Interesting question - what do others think?

        Reply to this comment
      2. British Council.jpg chatty_cicada | Rimal Prep Girls School C | Occupied Palestinian Territory
        affectionate_hippopotamus's comment 06 Oct 2021

        Yes, I would very much like to, but I will be careful when dealing with cryptocurrencies in general.
        Thank you for your question.

        Reply to this comment
  • British Council.jpg open_eel | Shouka Prep Girls School | Occupied Palestinian Territory
    17 Sep 2021

    Digital currency is a double-edged sword... The good side holds many. For example: The ease of dealing with digital currency and the saving of time and effort. Also, digital currency is considered safer because it cannot be stolen. On other fronts, there are bad aspects to it, including that many countries do not have the technological development that helps them to deal with this currency. Also, not naming your name on the transfer can be used by some people in things that harm society. Lack of bank control over this commission affects the economy of the country. In my view, dealing with these currencies will also be very difficult in some underdeveloped countries because they do not have the necessary development and the scientific culture needed, I think that the Republic of El Salvador has taken a hasty decision to adopt the digital currency.

    Reply to this comment
  • British Council.jpg humble_piano | Shouka Prep Girls School | Occupied Palestinian Territory
    17 Sep 2021

    After reading about cryptocurrencies, I think that it is good and bad at the same time. Is it in the middle? No, I don't think so. I can imagine that cryptocurrency is a man who wants to be great and perfect, but can't because he has many flaws. So he stays more on the bad way in the eyes of people around him. Yet, the future is ahead of this man and the whole world can't hold him back from being acceptable.

    Yes, cryptocurrency is a double-edged sword. It has many benefits such as simple money transfers with cryptocurrency, you don't have to go through a third party, such as a financial institution, to give someone money in exchange for ownership you just give it directly to them, and the transaction is simply recorded on the blockchain. Cryptocurrency's biggest benefit is probably its ability to shorten the time and transfer ownership quickly.

    However, cryptocurrency has several serious drawbacks, that are not easy to overcome and here is cryptocurrency big challenge, to get rid of its flaws; these including:

    1- Security risks: Anyone with high programming and computer experience can rob your computer and steal its data and digital currencies, unlike cash. That is a big problem indeed!

    2- The risks of currency trading platforms: platforms are not subject to Cryptocurrency trading has almost no regulatory laws and their operations are not transparent, so fraud and breaches of privacy are common on the platforms.

    3_ Lack of trust: Cryptocurrencies are part of a new, rapidly evolving industry; but it is subject to a high degree of uncertainty. Given the limited use of these currencies is not in everyone's hands. I think anything in this world should be built on trust and it doesn't seem easy to achieve this with cryptocurrencies

    I hope one day cryptocurrency will improve to be safer to invest in.

    Reply to this comment
  • British Council.jpg active_speech | Pabna Cadet College | Bangladesh
    18 Sep 2021

    Cryptocurrency is a bad things because it plays with many things like the price hike of any product...bit money doesn't play like that.

    Reply to this comment
  • British Council.jpg active_speech | Pabna Cadet College | Bangladesh
    18 Sep 2021

    Bitcoin is no longer the magic internet money that it’s long been branded. There are no dark forces causing it to behave the opposite of traditional markets. There is no algorithm that forces it to zig when the rest of the world zags. In large-part, there are just a lot of freaks and weirdos, disenfranchised idealists, citizens of countries with untrustworthy central banks, doing things that traditional investors think are crazy.

    Reply to this comment
  • British Council.jpg confident_clarinet | Rajshahi Cadet College | Bangladesh
    18 Sep 2021

    Cryptocurrency is a kind of digital currency in which transactions are verified. Cryptocurrencies are bad things.We should not invest in this system. Still now most of the people of the world are not well informed of cryptocurrency. Cryptocurrency investment is a kind of unsafe and risky investment. You can invest in cryptocurrency but its success will depend solely on you.But it will not be an ideal currency.

    Reply to this comment
  • British Council.jpg entrepreneurial_guitar | Mirzapur Cadet College | Bangladesh
    18 Sep 2021

    It's actually difficult to say whether cryptocurrencies are good or bad. So I am in the middle. Why?
    There is both advantages & disadvantages in cryptocurrencies.
    The Advantages of Cryptocurrencies:
    1. It has the potential for high returns.
    2. It protects from payment fraud.
    3. Immediate Settlement, International Transactions.
    Again, The disadvantages are:
    1. It's high volatility and potential for large losses.
    2. It's a black market activity.
    3. It's unregulated and unbacked, actually it's one kind of cyber hacking.
    So, I can't understand whether to support cryptocurrencies or not.

    Reply to this comment
  • British Council.jpg insightful_starfish | Shouka Prep Girls School | Occupied Palestinian Territory
    18 Sep 2021

    In a middle because it has a good point likes 1-It allows sending financial payments over the Internet from one person to another without any intermediary.2-Cryptocurrency Bitcoin is the most popular and widely used currency.3-Privacy and anonymity: one of the main pillars that distinguishes bitcoin from cash is that it Provides privacy and protection for the identity of the owner, as the transactions do not reveal the name of the sender, his location and other information personal information. The bad thing 1_value fluctuation:
    The price and value of Bitcoin is very volatile as its value last year was much lower than it is today.2_Frequent use of the criminal aspect:
    One of the challenges facing the widespread adoption of Bitcoin and its adoption by governments is its nature that enables criminals to exploit it comfortably without revealing their identity.3_Unable to retrieve private keys:
    If you lose your bitcoin wallet key, you won't be able to move your money and there is no way you can get it back.

    Reply to this comment
  • British Council.jpg jolly_chemistry | Tarun Madhyamik Vidyalaya | Nepal
    18 Sep 2021

    Introduction to "Future Money Crypto currency"
    Cryptocurrencies is a digital form of cash over internet protocol.
    As we all know, everything have two side like coins. And crypto currency to have merits and demerits they're listed below;
    Merits
    -Good for investment
    -No transaction charge / charge less
    -fast and highly secure
    -No intermediary in between

    Demerits
    -Can be used for illegal activity/ Black market
    -The bitcoin value changes according to demand
    -No ways to reverse the payment
    -Cyber security issues
    From the above points crypto currency also have two faces like coins .But from my perspective crypto currency is a good thing because"Money is a tool used properly it makes everything beautiful; used wrong it makes a mess".

    Reply to this comment
  • British Council.jpg great_dolphin | Shouka Prep Girls School | Occupied Palestinian Territory
    18 Sep 2021

    I think that cryptocurrancies can be both good and bad . It's good because you can keep the money away from being stolen as Bitcoin is stored in electronic wallets.

    Also it's a little bit bad because money can be transferred without govermental permission and this could be dangerous and illegal .

    Reply to this comment
    1. Tiff-Avatar.jpg Tiff @ Topical Talk
      great_dolphin's comment 20 Sep 2021

      Why do you think it's good for governments to be able to track where money goes?

      Reply to this comment
      1. British Council.jpg great_dolphin | Shouka Prep Girls School | Occupied Palestinian Territory
        Tiff @ Topical Talk's comment 22 Sep 2021

        To preserve money from thefts and thieves those who carry out theft operations

        Reply to this comment
  • British Council.jpg great_dolphin | Shouka Prep Girls School | Occupied Palestinian Territory
    18 Sep 2021

    I think that cryptocurrancies can be both good and bad . It's good because you can keep the money away from being stolen as Bitcoin is stored in electronic wallets.

    Also it's a little bit bad because money can be transferred without govermental permission and this could be dangerous and illegal .

    Reply to this comment
    1. British Council.jpg great_dolphin | Shouka Prep Girls School | Occupied Palestinian Territory
      great_dolphin's comment 22 Sep 2021

      To preserve money from thefts and thieves those who carry out theft operations

      Reply to this comment
  • British Council.jpg diligent_fern | Shouka Prep Girls School | Occupied Palestinian Territory
    18 Sep 2021

    A digital currency is a type of currency that is available only in digital form, and has no physical existence.Bitcoin has proven its ability to harness computer software to provide a secure payment method on a global scale, without relying on greedy financial institutions that charge high fees.Also, the past weeks witnessed sharp fluctuations in the value of the Bitcoin currency, which may predict the unknown future that awaits this virtual currency.☺🥰

    Reply to this comment
  • British Council.jpg healthy_tree | Shouka Prep Girls School | Occupied Palestinian Territory
    18 Sep 2021

    Digital currency... I believe that the currency will change because we are now keeping pace with the era of development and technology, but this is not a good thing because there is no control over it from government agencies and this will lead to the spread of chaos. However we live in the age of development, there are many people in some countries who do not use computers and electronic devices so that they can not use this currency .In addition there is no credibility in transactions because they are done without mentioning the name of the person . Also there is a loss of rights because they are constantly changing and do not remain on fixed values ​​that makes it  like luck. Cryptocurrencies has a good aspect in my view, that it is difficult to be stolen. I do not think that we will deal with this currency  unless the previous things change , transactions become censored,
    the technology is available to everyone, the credibility is present and it remains at fixed values. Then this matter will succeed and the currency will change.

    Reply to this comment
  • British Council.jpg fearless_studio | Mirzapur Cadet College | Bangladesh
    18 Sep 2021

    I guess Cryptocurrencies are in the middle ,because the benefits and inconvenience of using bitcoin are relative depending the several factors of the state.They are : 1)Literacy rate 2) Technological adaptability 3)Industrial advancdment 4)Poverty rate it is so vivid that a country with 50 to 60% illiteracy rate and less technological knowledge will be failed to use this Bitcoin.
    A protestor of San Salvador said that "This is a currency that's not going to work for pupusa vendors,bus driver or shopkeepers .It is better for big investors who want to speculate with their income rescorces ." And also in this initial age of bitcoin it maybe thought that it is harder to steal money from digital wallet but who knows the hackers and coders will find a way to break the security of digital wallet and disclose all information and rob money in future. So the fact is big industrial technological state with 100% literacy rate may be facilitated by cryptocurrency but not all can afford it. Also black marketing and cyber crimes will be accelerated by use of bitcoin .

    Reply to this comment
    1. Tiff-Avatar.jpg Tiff @ Topical Talk
      fearless_studio's comment 20 Sep 2021

      Thanks for your comment. Well done for considering different perspectives here. Can you explain why it is important to make this type of currency accessible to all?

      Reply to this comment
  • British Council.jpg mindblowing_opportunity | Islamabad Model School for Girls 1-10 | Pakistan
    18 Sep 2021

    According to my point of view Yes, Cryptocurrency is a good thing to invest your money. Cryptocurrency is decentralized & it's a peer to peer transfer of money without involving any intermediate body like banks that are in the conventional systems. Cryptocurrency is more "fast" and "efficient" way of sending money to anyone in the world.

    Reply to this comment
  • British Council.jpg content_river | Shouka Prep Girls School | Occupied Palestinian Territory
    18 Sep 2021

    l don't agree that Bitcinis a good thing. There are several reason
    1- ln the year 2021, bitcoin cauaed a lots of harm in the graphics card
    2- some minner of cryptocurrency like bitcoin has suffered a lats of loss when it was banned in china!

    Reply to this comment
  • British Council.jpg faithful_aspect | Shouka Prep Girls School | Occupied Palestinian Territory
    18 Sep 2021

    The most important matters related to the market must be considered before investing in the currency, the special assets you are considering investing in, which will help us broaden our understanding, and ensure the success of the investment process
    Whether in bitcoin or other digital currencies.

    Reply to this comment
  • British Council.jpg trustworthy_planet | Lake Bank Pioneer Preparatory | Tunisia
    18 Sep 2021

    Bitcoin is the future! Bitcoin is our future! The world is changing, modernizing, and currencies too. Why bother with bills and coins, when we can make a transactions in a few moments via our phones? Why risk having counterfeit banknotes in circulation, when we can have a modern, secure and digital currency? We should adopt bitcoin, we should to improve our lives and modernize ourselves, because humans beings survive thanks to their adaptation to change. Let's choose ease over complexity! Let's improve bitcoin, close its loopholes, and make it the currency of tomorrow!

    Reply to this comment
    1. Tiff-Avatar.jpg Tiff @ Topical Talk
      trustworthy_planet's comment 20 Sep 2021

      You make a persuasive case based on progress. Do any other student's comments which explore some of the challenges and issues make you think twice?

      Reply to this comment
  • British Council.jpg warm_butterfly | Islamabad Model School for Girls (VI-X) G-11/1 | Pakistan
    19 Sep 2021

    I think that the process of bitcoin is very easy as it can be transferred to anyone in seconds..

    Reply to this comment
  • British Council.jpg tenacious_ant | Tarun Madhyamik Vidyalaya | Nepal
    19 Sep 2021

    Cryptocurrencies are a good thing because ..
    1: protection from payment fraud: One of the best ways to protect your investment is to secure a wallet look like a USB drives and act as physical store for token or coins. Cryptocurrency security experts recommend against keeping any digital currency holdings on digital currency exchanges.

    2:Identity Theft: The ledger ensures that all transactions between “digital wallets” can calculate an accurate balance. All transactions are checked to make sure that the coins used are owned by the current spender. This public ledger is also referred to as a “transaction blockchain”. Blockachain technology ensures secure digital transactions through encryption and “smart contracts” that make the entity virtually unhackable and void of fraud. With security like this, blockchain technology is poised to impact nearly every segment of our lives.

    Reply to this comment
    1. Olivia-Avatar.jpg Olivia @ Topical Talk
      tenacious_ant's comment 20 Sep 2021

      Please make sure all comments are written in your own words and not copied from elsewhere!

      Reply to this comment
  • British Council.jpg considerate_strawberry | Mirzapur Cadet College | Bangladesh
    19 Sep 2021

    I think cryptocurrencies is in the middle.
    Firstly, different countries have different currencies. Like if you go to USA, you will get USA dollar, in Europe there are euro, etc. And in case of these currencies there are some problems.
    Now let you are in Europe, and now you want to send some money from Europe to other countries for business purpose or whatever you can say, now here the main problem is, to send money firstly you have to convert the currency, and these converting is done by bank, again there are bank charges plus it is time consuming. Secondly these currencies are fully government controlled, and that means if the government wants, then he can devalue these currencies any time. again, a report goes to the govt about how many currencies u have.
    To solve all these problems, there comes cryptocurrency which is fully a digital currency. These are stored in "Digital wallets". You can take normal currencies into your hand but you can't take these types of currencies into your hand. For this reason, it is harder to steal these. Now if you use these bitcoins, you can send your money from one country to another country easily. Again, there are no govt intervention. As a result, the transfer becomes quick and easy. you can send money from one place to another effortlessly. And the most important thing here is that your name will not be shared during transaction. And for this reason, many governments are thinking that this type of cryptocurrency can be used for illegal issues.
    The things which have advantages .... also have disadvantages. This cryptocurrency can only be done by using the computers or smartphones. But what will be there for the people who have not these things what happen to those guys?? Again, the value of this cryptocurrency can be raised in any time. The reason behind this is, when these will be bought by many people the prize will be raised again when the people will buy this less the prize will become less. So, there are some loses for us when we buy these at a lot of prize but sell this at a low prize. And thus, a lot of people can't make proper use of these for lack of knowledge. So in every advantages there are some corresponding disadvantages.

    Reply to this comment
    1. Tiff-Avatar.jpg Tiff @ Topical Talk
      considerate_strawberry's comment 20 Sep 2021

      How easy is it to use these currencies to buy things currently?

      Reply to this comment
      1. British Council.jpg considerate_strawberry | Mirzapur Cadet College | Bangladesh
        Tiff @ Topical Talk's comment 20 Sep 2021

        Mam, I think these type of currencies are not like other currencies. You can't use these to buy something. The only thing you can do is to buy it and sell it. Now let you are going to buy a tv and you have a gold material, now if you say to the shopkeeper that take this gold and give me the tv. Obviously the shopkeeper will tell you to sell that gold in a gold shop and after that the money you will get, use that money to buy the tv. The cryptocurrencies are like that. You cant use them to buy things, you can only use them to sell in the online and get profit.

        Reply to this comment
      2. British Council.jpg diligent_fern | Shouka Prep Girls School | Occupied Palestinian Territory
        Tiff @ Topical Talk's comment 20 Sep 2021

        In a report on the world's most prominent digital currency, the Colombian "Vinantas Personales" website says that interest in entering this market and investing in Bitcoin has increased significantly in recent years.

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  • British Council.jpg proactive_politics | Mymensingh Girls Cadet College | Bangladesh
    19 Sep 2021

    In my opinion, cryptocurrencies are neither all good nor all bad but in the middle.
    Reasons why cryptocurrencies are useful:
    Bitcoins can be transferred not only inside the country but also outside the country completely free of cost. This makes international transactions a lot more easier. We know a lot of people leave their families and go abroad for work and this easy international transaction system can make their lives a lot easier as well as that of their families.
    As bitcoins are kept in digital wallets so there's very little chance of that currency to get stolen. It is increasing the safety of currencies.
    On the other hand, the bad sides of cryptocurrencies are:
    Since bitcoins are transferred anonymously, it is hard to track down the culprit if someone makes any money scandal of illegal currencies using the cryptocurrency system.
    Many people don't have the technology needed for using cryptocurrency.
    As the value of cryptocurrency changes often, it causes several problems for the users and their savings.

    All in all, I believe that money might change in future as the world is always changing. But to turn that change into a good change, a change that can be beneficial for the world, the government of each and every country will have to make stronger rules and regulations on the securities of cryptocurrency and laws to stop any kind of fraud or scandals by using cryptocurrency. The online lifestyle due to Covid-19 pandemic has pushed the world towards the use of technology in many important sectors and I think that the spread of the use of technology in currencies might just add up to the list of things that are going to be normalized in the coming future. That is why the governments should try to cooperate to make the technologies needed for using cryptocurrencies and only then proceed with its use in their countries and also have strong laws for this technology based currencies.

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  • British Council.jpg daring_philosophy | Lake Bank Pioneer Preparatory | Tunisia
    19 Sep 2021

    I think that the bit coin can be good thing:
    1.If we use bit coin we won't need to print the stock. This can protect our environment.
    2.There is a privacy during the transaction
    3.Bitcoin financial value change every time. So you get the benefit of the country using it.

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  • British Council.jpg champion_forest | Shouka Prep Girls School | Occupied Palestinian Territory
    19 Sep 2021

    The cryptocurrency
    A phrase from a digital currency that is deprived of the fraud with an affer is a security to protect the virtual transactions l control the creation of new units therefore, l am aware of lt is an instant exchange for the litron, and that is also an

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  • British Council.jpg rhetorical_engineer | Lake Bank Pioneer Preparatory | Tunisia
    19 Sep 2021

    Actually Cryptocurrencies are a really really good thing to invest money on , It's possible to make Huge Benefits if the demands are really high as it's value changes by an unexpecting way : If you invested in bitcoin last July, it would have grown 252% over the past 12 months. A $1,000 bitcoin purchase on July 26, 2020 — at a price of $10,990.87 per coin ... So if you are really smart or lucky you can get rich easily if you investigated the right amount of money , of course everything has it's bad sides , because there are people who got pretty over-excited and spent all of their budget , and of course weren't lucky and enough experiences as they got no benefits . There are pretty fun stories about Cryptocurrencies , like for example : Before , when "Bitcoins" costed about 1$ each , there are rumours that there's a man that bought a pizza and paid it with 13 Bitcoins wich means that at the moment when i write this comment this pizza has a total value of 616080,4 Us dollars ... Breavely , Cryptocurrencies are a domain that should be good Studied It can be good

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  • British Council.jpg champion_forest | Shouka Prep Girls School | Occupied Palestinian Territory
    19 Sep 2021

    The cryptocurrency
    A phrase from a digital currency that is deprived of the fraud with an offer is a security to protect the virtual transactions l control the creation of new units therefore, l am aware of it is an instant exchange for the litron , and that is also an advantage this coin, and it is considered an alternative currency mr.mnassi 2002 and since that time llat sal raslam bin menm kehin and others were estabished.

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  • British Council.jpg appreciative_pear | Shouka Prep Girls School | Occupied Palestinian Territory
    19 Sep 2021

    Bitcoin is a valuable currency that is exchanged for cash. One of its benefits is freedom so that its owner has the ability to pay anything at any time with the ability to carry millions or billions of dollars of Bitcoin across borders, in addition to not having to wait for banking delays and security, and its downsides in the future are low The liquidity value of bitcoin. Volatility and instability in the value of Bitcoin, as the future price of the currency is largely unknown

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  • British Council.jpg adaptable_memory | Faujdarhat Cadet College | Bangladesh
    20 Sep 2021

    According my perspective, cryptocurrencies are not that much useful for us as of now. Nevertheless, I firmly believe that cryptocurrencies have a lot of possibilities and might be feasible to be used as like as our usual currency.

    The reasons why cryptocurrencies are bad or incompetent:

    1) Haven for black markets: Bitcoin economies are literally a perfect haven for the black markets. Bitcoin has two properties which make it perfect for such illegal activities. Firstly, the users are anonymous here. So, sellers can sell their products by any illegal manner, without even any fear of police or legal actions. Secondly, the sellers can change their addresses easily after making a transaction which makes it harder to find them once any crime is committed by them.

    2) Haven for money laundering: If anyone wants to lander money to any other place or country, all he would need is two Bitcoin accounts. Account A would exchange laundered cash money and receive Bitcoins. Then Account A would sell those collected bitcoins to Account B under a different address. Then Account B would exchange the Bitcoins for legalized money. So long as Account A is remained hidden from the police, Account B and its user look perfectly legitimate and permitted.

    3) Tax Evasion: The biggest issue with Bitcoins is it has high potential for tax evasion. That's one of the reasons why it has been declared as illegal in many countries.

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  • British Council.jpg grounded_ibex | Rajshahi Cadet College | Bangladesh
    20 Sep 2021

    Well l think cryptocurrency has good potential but currently is not beneficial . Because cryptocurrency mining needs huge amount of energy which is currently coming from non renewable source. Which is bad for our earth .

    On the other hand cryptocurrency is global and it's transaction cost is low also provids easy access to all.
    Therefore cryptocurrency will be a good thing if we transform mining to renewable source otherwise it is bad .

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  • British Council.jpg adaptable_memory | Faujdarhat Cadet College | Bangladesh
    20 Sep 2021

    I have always believed that cryptocurrencies are neither completely good nor completely bad, rather it's something in the middle. Because, I see an ample amount of possibilities coming up by the virtue of this thing in the forthcoming days.

    The future possibilities of cryptocurrencies are:

    1) If the safe and security of the transactions can be ensured properly, cryptocurrencies can certainly be an eligible alternative to the physical currency. Because it takes less time, less efforts, less risks of counting mistake to make a transaction through cryptocurrency.

    2) If all the countries provide proper knowledge and other necessary services to their people regarding cryptocurrencies, people might be able to avoid most of risks and frauds in the future days.

    3) Lot more methods of cryptocurrencies can be introduced to us in the future days other than Bitcoins, Ethereum, Dogecoin, Cardano etc, by modifying them and eliminating all the existing risks and harmfulness.

    4) In business and industries, more amount of money will able to be invested by the owners and investors if it's made feasible to them for safer and legal transaction s.

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  • British Council.jpg insightful_starfish | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    I think Cryptocurrency Bitcoin and Increasing searches for foreign currencies, and the speed of making profits, were a golden opportunity for online scammers to get illegal money, claiming to enable individuals wishing to invest in cryptocurrencies to obtain them.One of the fraud methods is 1_ creating fake websites for the exchange of digital currencies, and it is claimed that the user obtains a coupon to open an account on the cryptocurrency exchange, but it asks the customer to make a large payment.2-Phishing mechanisms for cryptocurrency victims also include creating pages with fake content to steal data for a cryptocurrency wallet Especially in the time of Corona and everyone Sitting at home so that they rely heavily on digital money exchange.

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    1. Tiff-Avatar.jpg Tiff @ Topical Talk
      insightful_starfish's comment 20 Sep 2021

      This is an interesting point to make and a challenge to those who have said cryptocurrencies are safer. Are there ways to prevent this type of fraud from happening?

      Reply to this comment
      1. British Council.jpg insightful_starfish | Shouka Prep Girls School | Occupied Palestinian Territory
        Tiff @ Topical Talk's comment 21 Sep 2021

        Practically no, so people have to be aware, but there are some ways that are being worked on, such as the company “Facebook” owned by Mark Zuckerberg, which announced a new policy that prevents ads from appearing
        which “promote financial products and services that frequently involve false or deceptive advertising practices,” the company said on its blog. This would include promotions such as “Bitcoin” as well as offers for initial coin offerings.
        Also, there are some countries Listed the "Bitcoin" fund to allow investors in the country to trade the fund's units within an environment that protects them, and to explain to them in detail the nature of the product or investment asset and risk management, which meets the aspirations of all categories of investors.

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  • British Council.jpg fearless_ostrich | Islamabad Model School for Girls (VI-X) G-11/1 | Pakistan
    20 Sep 2021

    Cyptocureencies aer very bad thing cryptocurrency is created all confirmed transaction are stored in a public ledger. All addenties of coins owner are encrypted to insure the legitemacy of record .Because the currenty is decentralized you own it . Neither government nor bank has any control over it so cryptocurrencies are bad

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  • British Council.jpg best_blueberry | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    Currency in every country is a good thing because it is accessible to all people in the country, but the value of currencies varies from one country to another. There are some encrypted Adols that do not deal in smart devices, so they cannot detect fraudulent currencies, and fraud and swindling become commonplace in this country. Basically, therefore, the currencies of countries differ in each country, whether it is small or large

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  • British Council.jpg best_blueberry | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    Children are a blessing that every person must preserve and not be underestimated or mocked because they have great and strong feelings than adults. We overlook the rights of children to express their opinion. We do not teach our children to be without an opinion. Whom his parents teach him to ignore his opinion from a young age will become an introverted man or woman in the future. We must develop their personalities and develop their minds. Treat him as adults. We must take their views on anything related to them. What grieves them when they are young is a reason for their illness and grief when they are adults. Now we see that the only direction that people turn to is to go to the psychiatrist to treat many psychological diseases of men, women and children because of this disease that parents created in children, we must appreciate and respect their views ❤️❤️

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  • British Council.jpg dynamic_bilberry | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    I'm in the middle I searched about it and I found it's pros and cons are fair for the side of people but I still think of illegal money take legal way of investments! Actually I wonder how the value of bitcoun goes high or falls in such crazy way! What if all the world deal with bitcoins , does it help us prevent poverty in the whole world? What about the massive ennergy consumption for mining coins impact on planet and environment! It is not an easy equation until using a renewable energy source that is safe ..

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  • British Council.jpg appreciative_pear | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    Bitcoin is criticized because of the possibility of using it to conduct illegal transactions, and because of the fluctuation of the exchange rate, and for hacking the Bitcoin exchanges, so I see that it will not succeed in the future due to the instability and change in the currency

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  • British Council.jpg appreciative_pear | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    El Salvador has become the first country to accept the digital currency "Bitcoin" as an official currency in the country, in a move that prompted a debate about the opportunities and risks of using the cryptocurrency.

    As far as possible, stores will be required to accept the controversial cryptocurrency as a legal form of payment from Tuesday.

    Millions of people are expected to download the government's new digital wallet app, which gives $30 worth of bitcoins free to every citizen.

    Bitcoin users around the world are buying $30 worth of cryptocurrency in order to support and help boost the value of the volatile currency.

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    1. tom Tom @ Topical Talk
      appreciative_pear's comment 20 Sep 2021

      Can you give us your opinion on whether cryptocurrencies are a good thing?

      Reply to this comment
  • British Council.jpg best_blueberry | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    Social media is multiple applications that help people communicate with each other through which they can know the news of people
    But with the positives of social media, it has become accompanied by negatives that have accumulated among adults and children. People have become scattered. They are only united by blood. Relationships have become fragmented. Every person is sad or frowning from his brother or anyone who was facing him on the Internet presenting him with his family’s problems. This is if there is hatred and hatred that spread among relatives and friends. Visits between people have become limited to going to people. Both people hold their phones. We have become in a society that seeks to hold brothers and not divide them. If those who created these sites saw the unseen, they would not have done it

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  • British Council.jpg articulate_antelope | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    20 Sep 2021

    I think cryptocurrencies are in the middle, and this is because the benefits and inconveniences of using Bitcoin are relatively depending on several factors of the country, namely: 1) literacy rate 2) ability to homogenize and get used to the technological situation 3) industrial progress 4) poverty rate is very clear to the point That a country with less technological know-how would fail to use this bitcoin.
    Also in this early age of Bitcoin, you might have thought that it is difficult to steal money from digital wallet but who knows programmers will find a way to break the security of digital wallet and reveal all the information and steal money in the future. So the truth is that a large industrial technological state with a literacy rate of 100% can be facilitated by cryptocurrency but not everyone can afford it. Black marketing and cybercrime with Bitcoin will also be accelerated 🌼

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  • Ormiston-Bushfield-logo-250x250.jpg considerate_glockenspiel | Ormiston Bushfield Academy | United Kingdom
    20 Sep 2021

    I think that cryptocurrencies, such as bitcoin, are good and bad at the same time, although I'm leaning more towards bad. I think this because of the class divide in modern society, rich people that earn heaps of money can afford bitcoin, however, people who live an average life may feel left out because they know a lot about cryptocurrencies, potentially even more than people that use them, but they just don't have the money to buy any. On the other hand, real life robberies will be almost impossible, whether it be those who pickpocket, or those who break into houses. On the contrary, cryptocurrency will be a hackers dream, some may make millions. I also think that bitcoin is no longer as big as it used to be, they always boasted about how good they were, but now they have lost a lot of popularity. I'm no world leader, but i believe that El Salvador should rethink their decision about making their official currency bitcoin, it may cause a lot of national and maybe even global (depending on how many tourists visit).

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  • Ormiston-Bushfield-logo-250x250.jpg hilarious_wasp | Ormiston Bushfield Academy | United Kingdom
    20 Sep 2021

    I think cryptocurrency is a good idea because it is a smart way to buy things online without needing to get your purse/wallet.I also believe it is good because it will help decrease pick pocketing , as people won't be carrying money in there pockets, they will only be carrying there phone , most likely in a bag or there hands.I think it is also bad because there is a chance of hacking , and stealing online.

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  • Ormiston-Bushfield-logo-250x250.jpg easygoing_queen | Ormiston Bushfield Academy | United Kingdom
    20 Sep 2021

    I don't agree with bitcoin , for these reasons .
    Bitcoin is not a solid investment , it draws people in , saying that they'll earn so much money but truthfully the values change a lot . People gain , lose and then gain money again , it can be terrifying to think that your investment was worthless and that you've lost money . Another thing is , transferring bitcoin anonymously without the government or a banks supervision can further the use of bitcoin for criminal activities Though you can save bitcoin and though it's harder to steal it , people still can take it , it's still not completely secure .

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  • Ormiston-Bushfield-logo-250x250.jpg talkative_squid | Ormiston Bushfield Academy | United Kingdom
    20 Sep 2021

    I think cryptocurrency is a smart idea in some form of ways, as the intention is right but to me I don't think it is a great scheme. In a way surely creating this platform is just an easy task for hackers to access for money and commit more crimes by stealing, as a lot more people are now exposed to this side of technology. If you do some research El salvador seem to be excessively behind with their technology, so they have probably created these platforms to decrease crime rates in reality. Although that may work in certain forms, you may notice the rising levels of online hacking thus it isn't making much of a difference to that part of things/statistics. Not only that but if you think about it aren't you then making the banks redundant?

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  • British Council.jpg fiery_moon | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    think it's good because bitcoin users can save money because transactions don't need banks and the value of bitcoin can change quickly, and it's hard to steal because it's stored on digital wallets and it can't be stolen from the bag

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  • British Council.jpg clever_lime | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    l'think the cryptocurrencies is a good thing because it helps in business awy money exchange

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  • British Council.jpg appreciative_pear | Shouka Prep Girls School | Occupied Palestinian Territory
    20 Sep 2021

    I wonder why should we restricted to such unbelievabe and unguaranteed currency...??What obliged us to deal with it?!!!That is the question I mea🤑🤑🤑🥇📉📉📈🔓🔒...

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  • British Council.jpg beloved_politics | Joypurhat Girls' Cadet College | Bangladesh
    21 Sep 2021

    I think bitcoin will be in the bad side of venn diagram. Some points in favour of my opinion is given bellow.

    1. The bitcoins are easily exchangeable if there is enough technology available. But here's the problem. All tye people don't have enough technology and knowledge of technology.

    2. As the production of bitcoins are not controlled by the government or the bank, its production will not be controlled.

    3. The value of the bitcoins are so high that it can't be used in all types of businesses. Like small shopes, tea stalls etc.

    4. The value of bitcoins goes higher and then fall down suddenly. It might cause a lot of lose of bitcoins.

    5. As it is stored in digital wallets, it is hard to steal. But is the chance of hacking avoidable?!

    For all these, I think it would not be so much great to make cryptocurrency as the currency used all over the world.

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  • British Council.jpg confident_clarinet | Rajshahi Cadet College | Bangladesh
    21 Sep 2021

    By using bitcoins we can have the facilities of saving money. Cyber crimes can be accelerated. We can send money from one place to another.On the other hand,it is not well known to all the people of the world.Crypto-currency investment is also a kind of risky investment. It will depend on you.So,cryptocurrrencies are in the middle position according to me.

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  • British Council.jpg broadminded_independence | Faujdarhat Cadet College | Bangladesh
    21 Sep 2021

    Money changes societies and societies change money. As we can see money is continuously switching, starting from using domestic animals as money, using gold to today's Bitcoin and Ethereum.
    It is predicted by experts that, Bitcoin will replace money from Central Banks by 2050. Now, the question may arise how will Bitcoin replace the future of money. Many countries have already made Bitcoin legal in their country. Again many are encouraging people to use bitcoin by giving several facilities like Salvadoran president Nayib Bukele has promised $30 worth of free bitcoin to every Salvadoran citizen. Now the question is, if crypto-currencies are a good thing for the world, I would stay in position ‘4’(Somewhat good).
    From my point of view, the strongest argument about crypto-currency being good is that any quantity of Bitcoin can be transferred to anyone who is the part of Bitcoin network in seconds without any central bank or government permission. I think it is good because:
    1. A lot of time is saved in cash transactions.
    2. Any amount of money can be transferred.
    3. Again no extra money is charged to any individual.
    4. And as no permission is required from the central government, people might think of its records. But the good news is, all the records are kept in the bitcoin blockchain method.
    5. That is, the transactions are easily traceable.

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    1. Tiff-Avatar.jpg Tiff @ Topical Talk
      broadminded_independence's comment 21 Sep 2021

      Could changes be made to other currencies to stop your points 1,2, and 3 happening without the use of cryptocurrencies?

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      1. British Council.jpg broadminded_independence | Faujdarhat Cadet College | Bangladesh
        Tiff @ Topical Talk's comment 21 Sep 2021

        Thanks for your inquiry. In the case of the current method, there are limitations in the case of transferring a big amount of money. In that case, money is sent separately step by step. As a result, time is wasted in the current method.
        Again, local and international banks take extra charge in a transaction for their profit. If banks do not take extra charge, it will be a problem for the national and international banks.
        Changes can be made in case of the limit of transferring; that is any amount of money may be transferred. Thus time can also be saved. But extra charges may not be eliminated because it will hamper the banks in making a profit.

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  • British Council.jpg broadminded_independence | Faujdarhat Cadet College | Bangladesh
    21 Sep 2021

    According to the Venn Diagram, from my perspective, the arguments are listed below in the order of ‘Good’ and ‘Bad’ :
    1. 'Any amount of Bitcoin can be transferred to anyone who is the part of Bitcoin network in seconds, without any central bank or government permission' is a good thing because here time is saved. Again no charge is to be given extra to any mid-authority. If anyone is concerned about records, the good news is, the transactions are easily traceable through id.
    2. The argument that ‘’Many people do not have those technologies to use cryptocurrency’’ is bad from my point of view because mass people will not get access to use cryptocurrency. But in almost many countries, all adults have a mobile phone, so dealing with crypto-currency will not be a problem for those people if they are provided with correct training and a good internet connection.
    3. Thirdly, ‘’People can share bitcoins anonymously as names are not associated in transfer’’ is a bad one indeed because, in case of many crimes done in this method, it will be tough to identify the criminals. But if one thinks of privacy, anonymity is a good thing for personal security.
    4. Fourthly, it is known to us that the value of bitcoin is changed very quickly. This volatility is a very bad side of bitcoin. Many people may suffer because of the fall of the value of bitcoin while on the other side, many will become richer if bitcoin’s value is increased suddenly.
    5. It is easier to save money with the bitcoin method which is a very good sign. It is also known as a digital wallet.
    6. Again, it is harder to steal money in the bitcoin method. Bitcoin is considered extremely secure because it's based on blockchain technology. So crimes will be tough in crypto-currency.

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  • British Council.jpg champion_seed | Shouka Prep Girls School | Occupied Palestinian Territory
    21 Sep 2021

    Cryptocurrency is negative, not subject to laws, and if a person loses a lot of money and goes bankrupt, who will compensate him, as the law does not protect fools, and the encrypted currency can be defrauded of people also on banks, and here the question arises who will protect the person from fraud in the absence of the law?

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  • British Council.jpg enterprising_technology | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    21 Sep 2021

    I think it's (middle) because
    Most investors look at the cryptocurrency market and consider investing as a simple practice, i.e. just buying the coins (or percentage of them), holding them and investing in them. This may be the primary way to invest in cryptocurrencies, but it is not the only way.

    Recently, it has become possible to invest through CFDs for cryptocurrencies.

    In other words, the CFD is basically based on predicting the fluctuations in the value of a particular commodity over time, and instead of owning the commodity, the investor invests in the idea of ​​its value volatility, allowing some investors to take advantage of gains and losses, and allows trading at all times.

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  • British Council.jpg compassionate_explanation | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    21 Sep 2021

    I am against using the cryptocurrency. Why first, in my opinion, it is dangerous to use this currency. It is true that it is new, developed, fast, and may be safe, but its negative effects and risks may erase all its positives. Also, if these currencies spread, there will be many difficulties that you may face, for example of its negatives، Firstly, its percentage continues to rise and fall, and it may cause its users sometimes at great losses
    2 It may be safe and has a high level of security, but do not forget the presence of electronic thieves and hackers, as cryptocurrencies may be more vulnerable to theft than regular currencies.
    . 3 The lack of technology is abundant in all countries of the world. It is true that we are now in a modern era, but there are some countries that are devoid of technology. That is, if it is adopted as a global currency, then no country will be able to use it, and the reader is not lucky that the percentage of these countries is not small. Imagine with me, dear readers, if one of the residents of these countries invested in this currency and had a sum of money from this currency, but suddenly the technology was cut off Or electricity and the Internet. How will this person benefit from this currency (as is happening in my country now), so I explained my view according to the real problems that he suffers from and I suffer from them personally in a country such as electricity and internet cuts on a continuous

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  • Cheam Common logo spectacular_peak | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I think no because you may not know who pays you as it says to be anonymous so for example if your student has to pay £100 for a trip you dont know who paid and someone could say "yeah yeah ive paid it all" but they really havent

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  • Cheam Common logo believable_flower | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I believe that Bitcoin is bad, and here's why: It can easily be used for scams as it is now digital, and no-one registers the use of the bitcoins. Also, not many people now have access to their money as they do not have the technology. Adding onto this, the amount changes every day.

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  • Cheam Common logo good_quince | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    No, I do not agree that this is a good notion because people could coppy bitcoins and paste them online, saying they deserve money. Secondly, Bitcoins change worth every day, so if you wanted to save lots of money , it could change worth only to £1. Due to this cause, this is a bad idea, it also could lead to fraud.

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  • Cheam Common logo engaging_turkey | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    Bitcoin is bad, here is why. It is bad because for one, it easily can be used for scams, because when it goes through it happens in seconds and it is anomynous making it very easy for them to get away. And if somebody hacks an influential account on twitter/facebook (Such as Bill Gates, Mrbeast and many others) they could scam thousands. Another problem is that it can probably shut down the economy, people invest in bitcoin, but alot of the time investing can be a bad thing. There is a place called "Wallstreetbets" which are a group of people who invest without thought, and they invested so much once that they nearly shut down the economy, this was on gamestop though. If it was on something like bitcoin it could destroy the economy! This is why I think bitcoin can be very bad sometimes and could even destroy lives.

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  • Cheam Common logo fulfilled_road | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    no I do not agree because in some countries they do not have technology

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  • Cheam Common logo buzzing_plantain | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I don't believe that Cryptocurrency is a good thing. I think that it is a dangerous and untrustworthy piece of technology. Some countries are still in the developing stage in the technology department and will not have access to the money. Another reason is that it is transferred anonymously so you don't know who is paying you. It is easy to hack this account and you may loose you money.

    Thanks for reading!
    - buzzing plantain.

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  • Cheam Common logo adept_coconut | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I think that bit-coins and cryptocurrency are a negative form of online currency because some people may not have technology, how much it is worth changes everyday and it's anonymous and so people can fake that they have paid when they have not. A positive is that it is much harder to be stolen from the wallet than from a bag or natural wallet.

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  • Cheam Common logo quickwitted_performance | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    The idea of cryptocurrency has both positives and negatives as a form of currency.

    First, your money can be transferred into other people's accounts quickly and swiftly meaning that there is no delay in paying for goods and services.

    However, digital money can have a devastating downside. Because your money is digital it can be hacked by cyber criminals, which means they can steal your coins.

    Furthermore, because amounts are paid anonymously, anybody could claim they have paid when they haven't leading to misunderstandings between buyer and seller.

    Reply to this comment
    1. tom Tom @ Topical Talk
      quickwitted_performance's comment 22 Sep 2021

      A very clear exploration of both sides of the argument. Can you give any more reasons for either side?

      Reply to this comment
    2. British Council.jpg best_blueberry | Shouka Prep Girls School | Occupied Palestinian Territory
      quickwitted_performance's comment 22 Sep 2021

      Yes, you are right one hundred percent, because everything has its pros and cons. With the mention of these pros and cons, we can differentiate between the pros and cons of cryptocurrency. However, we must take care and beware of these hackers.

      Reply to this comment
  • Cheam Common logo amicable_leopard | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I don't think Cryptocurrency is a good thing. I believe this because Cryptocurrency is digital money which can cause problems:
    1) Cryptocurrency is digital money which can cause the problem of transferring money to other people. If someone wants to transfer money to another person but the person doesn't have the Cryptocurrency app , then they cannot transfer money to the person. This is why physical money is good as it doesn't need a app to transfer and money , you can just give it to the person physically.

    2) Cryptocurrency is dangerous as it doesn't show the name of the person who gave the money. Let's say someone was selling a phone and someone bought it , you never know if the person actually paid it as it will not the name ( it will be anonymous ). This is why physical money is good so that when the person gives the money , the seller knows that they have gave the money.

    Thank you for reading!
    amicable_leopard

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  • Cheam Common logo elated_anteater | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I think cryptocurrencies is a negative.I belive it is putting you at great risk and exposing your money.
    Also there is not a lack of technology in developing countries.As well as this, you are putting lots of your personal details into apps in which you may not trust.This is exposing many things about your personal self such as phone number,email adress,bank account passwords and much more.All this information will tell a hacker all they need to know to scam you and take your money.Such as,they have your phone number and they can call you and ask for more personal details about you .You may not even know that it is a scammer.

    Also, this can cause you to forget your bank account password and you are not able to access your money.Since it is also not easy to access your money and take it out to real life money.This is why I think this is not a good way to store money.

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  • Cheam Common logo chatty_perspective | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I think that cryptocurrency is a dangerous online device because there is a lack of technology and this could lead to not being able to access this cloud. On the other hand, I think cryptocurrency is a good device because it make it harder for cyber criminals to commit cyber crime by the company (bitcoin) making the app or website so stable that its almost impossible for someone to hack into the account. Furthermore, I am sort of one the negative side as when wanting to give bitcoins someone can sign in as anonymous someone else could get the bitcoin, also everyday the currency either increases or decreases which is unfair for some people.

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  • Cheam Common logo digital_orca | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I think Bitcoin is negative form of currency because it can decrease or increase in money. For example: in January 2021, the value of a bitcoin was £40,000, then in April, it changed to £68000 and after that ,in July, it fell to just over £40000. If somebody gave a loan of 10 bitcoins worth £60000 each and then asks for 8 back but the new value is £120000 each, that would be unfair to the person who had been given a loan. Also there are lots of people who don't have technology this they can't get a cryptocurrency. However, Bitcoin also helps people because the money is stored in a digital cloud which allows easy access to food or accessories. Even if a store uses cash only, those who use cryptocurrencies can use an ATM to withdraw money.

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    1. tom Tom @ Topical Talk
      digital_orca's comment 22 Sep 2021

      Good evidence to back up your arguments, digital_orca!

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  • Cheam Common logo quickwitted_goji | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I don't think cryptocurrencies are a good thing because you are anonymous. Furthermore, the value of Bitcoin changes every day. Therefore, they are unpredictable. However, it is tough to steal Bitcoin because it is stored safely and it can not be taken physically.

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  • Cheam Common logo talkative_revolution | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I think cryptocurrency is a negative form of cash.
    Firstly, any transactions that are made are completely anonymous. This means that payers can easily lie about payments made, as they can pretend to be someone who has payed: all the payments are nameless. As well as this, the value of bitcoins are very frequently changed. This could cause much confusion, as you might owe someone more or less bitcoins just a day after money is lent to you! Finally, some people might not use bitcoin, so it is not possible to lend someone money if you use bitcoin yourself. However, if you used physical money, there would be no limit to the amount of money you lend, where and when you lend it.
    Overall, physical cash easily outweighs bitcoins in convenience.
    Talkative_revolution.

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  • Cheam Common logo assured_clarinet | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I beleive that cryptocurrencies are a positive form of money; cryptocurrency (in my opinion) is a industry-changing tool. Aswell as being harder to loot and pilfer, cryptocurrencies are much more reliable as its easy and almost effortless to transfer money. Little did you know, more than half the world uses cryptocurrencies so actually lots of people can reach you. In fact, 66% of the world uses cryptocurrecies. Just because not all people use cryptocurrencies, doesn't stop you from helping your friends and family to be able to use cryptocurrencies. These past years, steady myriads of people have began to use the digital devils. In conclusion, cryptocurrencies aren't as bad as you thought.

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    1. katie.jpg Katie @ Topical Talk
      assured_clarinet's comment 22 Sep 2021

      Could you share your sources please, assured_clarinet? This will help people to decide how reliable this information is.

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  • Ormiston-Bushfield-logo-250x250.jpg miraculous_snow | Ormiston Bushfield Academy | United Kingdom
    21 Sep 2021

    As I see it, cryptocurrency is in the middle. There are numerous pros and cons to it. Allow me to begin with the pros:
    cryptocurrency can be transferred to anyone with the network, and only in a few seconds therefore if needed to transfer to someone some money urgently, you could - very easily and quickly.
    Another thing to consider is that bitcoin users can save money when transferring money to another country (for example) - it is free because transitions do not involve banks.
    An additional benefit is that it is harder to steal money for the reason that bitcoin is stored in a “digital wallet,” therefore it can not be taken physically like from a pocket or bag.
    Finally, to finish the pros of, the worth of bitcoin can rise - either over a long period of time, or a short period of time - which can be very beneficial for many things. For example, if someone just got evicted, lost their job and lost their car, and they had been given their pay check right before, they could invest in bitcoin some of that paycheck, and soon enough they could get back on their feet.
    However, it can also just rise and help out in general.
    Even so, there is still cons;
    Firstly, your name is not shared during a bitcoin transaction, therefore you are anonymous when using bitcoin,hence if anything happens, it will be harder to work out identities.
    This leads me to stealing; where it may seem harder for pickpockets to steal, it gives a great, straightforward and simple opportunity for hackers. Since it is a digital application, hackers could easily get into your account and transfer the money to themselves. The fact that it is also anonymous makes it harder to track the person behind the screen.
    Numerous people also don’t have the technology needed for cryptocurrency.
    Ultimately, to conclude the cons, where bitcoin may rise, it can also fall back down again leaving you from high to low to high on and on.
    To finish of my debate, let me talk about how they have adapted to it in El Salvador. 'El Salvador has officially adopted bitcoin as legal tender,' is what research shows about how they have adapted to bitcoin.Research and statistics also show that one bitcoin = 43,006.10 united state dollars.’

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  • British Council.jpg amazing_skill | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    21 Sep 2021

    welcome
    From my point of view, digital currencies have advantages and disadvantages, so I think it is in the middle because
    One of the advantages of digital currency is that it has become an effective means of payment for people who do not have access to banking services, and it can also be an effective way to distribute government payments Also, one of its positives is that you do not need to share your identity, location, or details of the transactions that took place between you and the beneficiary, and there is no information required to share with the government and the bank regarding the transaction, it is truly decentralized

    One of the negatives of digital currencies is that it can work to make the digital dollar unstable, which can rationalize the economy of all the world because the dollar is the dominant reserve currency in the world by 60%
    Therefore, from my point of view, I think that digital currencies are in the middle due to the multiplicity of its pros and cons

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  • Cheam Common logo affectionate_atmosphere | Cheam Common Junior Academy | United Kingdom
    21 Sep 2021

    I believe that cryptocurrency is a good thing because a lot off different investors find it easier to earn money. It is also quite safe because if you were carrying then you might have a bigger chance of getting pick pocketed. However, if someone was trying to hack into your bank account they might run into some fire walls which would prevent them from hacking you.

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  • British Council.jpg hopeful_moon | Shouka Prep Girls School | Occupied Palestinian Territory
    21 Sep 2021

    Thinking of bitcoin makes me imagine myself in the middle of the ocean while a sea storm is taking place. Am I going to survive? I am going to drown? I will never know until the storm ends and my ship reaches the port.

    I think it is not good and also is a dangerous adventure to deal with bitcoin. The cost of application-specific integrated circuits ( ASIC ) you need to secure the bitcoin network. This process is referred to as mining, which sometimes leads to monetary rewards for those who partake in bitcoin payouts. You need an expensive replacement for the chips with a newer one. This means you will lose the cost of two iPhones prices. So storing mining hardware can be costly. As a result,t you throw some of your money in a bin. I think it might seem that bitcoin is a great opportunity to make money, but when you give it some thought you realise that you are costing yourself extra money.

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  • British Council.jpg determined_deer | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    21 Sep 2021

    In my opinion, Bitcoin is in the middle, because it has its pros and cons. Advantages:
    1- Payments can be completed 24 hours a day, 7 days a week, all over the world, even in the absence of banking systems.
    2- International payments using Bitcoin are faster and cheaper than traditional bank payments.
    3- You can spend bitcoin in the same way you spend traditional money by buying a desktop computer, a mobile device or a credit card.
    4- Bitcoin also has valuable properties in business, such as: multi-signature authorizations and transparency of accounting. As for the negatives, they are:
    1- The use of this currency is still highly dependent on the availability of the Internet.
    2- Despite the superiority of Bitcoin over traditional banking operations in international payments However, it is still slow and expensive when used in retail operations such as buying tea or household groceries.
    3- Since Bitcoin is still under development, the speed and fees paid are still unstable.
    4- Converting Bitcoin to fiat transactions is very expensive.
    5- Not all stores and service providers accept Bitcoin.

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  • British Council.jpg hopeful_moon | Shouka Prep Girls School | Occupied Palestinian Territory
    21 Sep 2021

    I was thinking of the protests against Bitcoin in Salvador. If Bitcoin is a good thing, and if it will bring money to people, then why would they protest against it? I even read that protesters held signs reading "Bukele Dictator". It is a big thing to call your president a dictator! Yet Salvadorans did it! Why?

    Let me think a little bit more. Knowing that poor Selvadoran areas and many other poor areas around the world don't have internet access, it is not easy to accept bitcoin, as it is only accessible when you have internet and smartphones. Simply, poor people will not be able to use bitcoin or gain money from using Bitcoin. So is bitcoin targeting only the rich people? I read that one of the protesters said:
    "I'm going to continue suffering with or without bitcoin."


    Also, it is known that bitcoin may have ups and downs. Today you can make money and tomorrow or even after an hour you may lose your money. Why would people invent in something that is instable? Bitcoin is more like a moody person! You will never know when and how and where to deal with them. Nothing is guaranteed.

    One of the merits of bitcoin, they say, that its transactions don't involve banks! Let's think of it. Is this really a good thing about bitcoin! I don't think so. Yes, perhaps I can save the money of transactions, but I can't then blame anyone when my money is gone. When I use the bank, it is responsible for my transactions and it is more safe for me to you use the bank.

    Digital wallets? In which MY MONEY is saved! Can I see a digital wallet? Can I touch bitcoins? No I can't. How can I trust something that I can't see or touch!!

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    1. katie.jpg Katie @ Topical Talk
      hopeful_moon's comment 22 Sep 2021

      You've explained these points very well, hopeful_moon - and well done for doing some extra research around the topic. Your challenge now is to think of some reasons why some people in El Salvador might like Bitcoin, as this will help your comment to be more balanced.

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  • Cheam Common logo understanding_banjo | Cheam Common Junior Academy | United Kingdom
    22 Sep 2021

    I think cryptocurrency is negative because the values change every day and people can hack easily.

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    1. katie.jpg Katie @ Topical Talk
      understanding_banjo's comment 22 Sep 2021

      I'm not sure it's true that "people can hack easily" when it comes to cryptocurrency. Could you provide some evidence for this?

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  • British Council.jpg best_blueberry | Shouka Prep Girls School | Occupied Palestinian Territory
    22 Sep 2021

    Covid_19 is considered an epidemic crisis for the whole world .. It also had an impact on Palestine, but it was less harmful than other countries because it arrived late and we took the preventive measures that we learned from other countries .. It has many negative effects on humans, but it has positive effects. On the environmental front, the matter has made it clearer and clearer, and there has been a significant reduction in air pollution as a result of closing factories and reducing car exhaust and other means of transportation. It also left a positive impact on family relations due to the ban system imposed on Palestine, so that families that include employees, whether the father or the mother spend most of his time at work, due to the daily prohibition, children now sit with children and their mothers for longer periods than before and they begin to practice their lives. Away from work pressures .. social media had a great impact in spreading awareness, instructions and directives for individuals to adhere to home quarantine .. and that had a positive impact in some health fields, as many developed countries send to Palestine that crosses a developing country that does not have the necessary health capabilities. To confront this frightening hidden virus .. Therefore, countries began to send health aid and vaccines. They are accustomed to facing Covid_19, and they began to take care of hospitals and health clinics ... Yet Palestine is still a developing country and needs. . Preventive measures to fight this virus

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  • British Council.jpg peaceful_rock | El Sheikha Fatma Bent Mubarak | Egypt
    22 Sep 2021

    I think that there is somewhat a kind of balance between the advantages and disadvantages of using a bitcoin. From advantages: It facilitates money transformation, and acts as an easy and more accessible international payment method, it can't be stolen too.
    However, in the wrong hands, crypto-currencies can be a very dangerous weapon. Criminals tend to use them as a scam to launder money to people like drug leaders online to pursue their illegal activities. And the fact that they can send that money 'anonymously', without the interference of the government or banks, gives those people quite the advantage.
    So, all in all, I think crypto-currencies are a very efficient idea for the future IF it remains in good hands.

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  • British Council.jpg blissful_flight | Mirzapur Cadet College | Bangladesh
    22 Sep 2021

    I think, cryptocurrencies can be scaled its rank from good to bad by different people's perspectives. Such as: investors or rich people can find it a good thing for its security. Yes, bitcoin have many advantages like it can't be stolen or copied as it is stored in digital wallet and it can be transferred anonymously without any bank or government interruption.But the value of Bitcoin can go ups and downs after some months. This can make investors nervous about it because there is a chance to lose a lot of money. Moreover, one need electronic devices to use bitcoin. But it is quite impossible to ensure a smart phone for each and everyone in an under developing country especially the people who are poor. So many people may find it useless or a bad thing. Therefore, we should wait to see the results of bitcoin whether it's good or bad in the future.

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  • Bruntcliffe-logo-250x250.jpg diplomatic_avocado | Bruntcliffe Academy | United Kingdom
    22 Sep 2021

    I am willing to take my chances if theres a chance i'll be rich, i could easily buy every set of demonia!

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  • Bruntcliffe-logo-250x250.jpg openminded_history | Bruntcliffe Academy | United Kingdom
    22 Sep 2021

    In my opinion bitcoin is a good thing for the following reasons: it is easy to store and you can make money from when it highs in value but the downside is that it is hard to transfer to real money and people could steal it

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  • Bruntcliffe-logo-250x250.jpg diplomatic_avocado | Bruntcliffe Academy | United Kingdom
    22 Sep 2021

    I think that as society goes on technology is a huge part of modern day, and the complex idea of virtual money that could randomly be timed by whatever knows what is extraordinary! It could easily change tables any moment and could turn somebodies from upside down to right side down, its truly making me question the career i want to have.

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  • Bruntcliffe-logo-250x250.jpg distinguished_location | Bruntcliffe Academy | United Kingdom
    22 Sep 2021

    In my opinion, i do not think that any crypto currency (including bitcoin) is right. This is because it makes the world more unfair because not everyone can use the currency. A worldwide currency like this should be actual money for everybody to use. It is also unfair about if you bought one of these 10 years ago (for example) it would of cost something like £1 of £10 but now Thousands! this is extremely unfar and i think it should be made illegal worldwide.

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  • British Council.jpg lively_deer | Rajshahi Cadet College | Bangladesh
    22 Sep 2021

    ountrI think the idea of cryptocurrency is really good and it might be our future currency.

    As cryptocurrencies don't need to go through any middle organizations or persons, an individual can do transactions independently. It takes a lot of time for the middle organizations to transfer money from one country to another and its costly. But in case of cryptocurrencies an individual can easily transfer money within minutes. And as these are not cash money so these are very much safer.
    Now, some people might challenge me saying about scammers, uncertainty of value, limitations of technologies etc. etc.

    But you know, everywhere there are problems and also have solutions. Rome was not built in a day. It'll take time for the acceptance of cryptocurrencies to all.
    We can't think of our life without cars and transports nowadays. But when the first car was built, it was not that fast and effective as of today's. Even horses were more faster than cars of that time. With the flow of time this all has changed, cars became a part and parcel of our life for faster and effective communication.

    Same with the case of cryptocurrencies. It just got introduced in 2008 by Satoshi Nakamoto and began use in 2009. So how can we expect its effectiveness too early? With the flow of time everything will change. People are falling in the trap of scammers due to lack of their knowledge regarding cryptocurrencies. If they acquire much knowledge of it, they would be more careful of scammers and wouldn't fall in their traps. And if the countries starts using it as currency, technologies to use it also will be developed. It'll spread in the world in no time if the powerful take the initiative and use it as currency.

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  • British Council.jpg lively_deer | Rajshahi Cadet College | Bangladesh
    22 Sep 2021

    I think the idea of cryptocurrency is really good and it might be our future currency.

    As cryptocurrencies don't need to go through any middle organizations or persons, an individual can do transactions independently. It takes a lot of time for the middle organizations to transfer money from one country to another and its costly. But in case of cryptocurrencies an individual can easily transfer money within minutes. And as these are not cash money so these are very much safer.
    Now, some people might challenge me saying about scammers, uncertainty of value, limitations of technologies etc. etc.

    But you know, everywhere there are problems and also have solutions. Rome was not built in a day. It'll take time for the acceptance of cryptocurrencies to all.
    We can't think of our life without cars and transports nowadays. But when the first car was built, it was not that fast and effective as of today's. Even horses were more faster than cars of that time. With the flow of time this all has changed, cars became a part and parcel of our life for faster and effective communication.

    Same with the case of cryptocurrencies. It just got introduced in 2008 by Satoshi Nakamoto and began use in 2009. So how can we expect its effectiveness too early? With the flow of time everything will change. People are falling in the trap of scammers due to lack of their knowledge regarding cryptocurrencies. If they acquire much knowledge of it, they would be more careful of scammers and wouldn't fall in their traps. And if the countries starts using it as currency, technologies to use it also will be developed. It'll spread in the world in no time if the powerful countries take the initiative and use it as currency.

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  • British Council.jpg convivial_vegetable | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    22 Sep 2021

    The collective fatwas, and even the individual ones, ended, except for the exception of individual opinions that gold, silver and paper currencies are subject to usury in the form of (debts and sales); As for gold and silver, it is stipulated that they are mentioned, and as for paper currencies, it is because of the presence of the price in them, given that the price is the reason for gold and silver.

    Here, the issue of measuring cryptocurrencies on gold and silver arises again, do you catch up with them because of their price; Or does it not catch up to not being popular among the price tags?

    As a result, the usury of sales will apply to it, so if it is attached to gold and silver, it will become usury in sales, and if it is not attached to gold and silver, it will not be joined by usury in sales, but debts will be subject to usury in all cases.

    It is absolutely not permissible to sell cryptocurrency to one another, or to other types of cash, whether gold, silver, or others, on credit at all. For example, it is not permissible to sell a unit of Bitcoin in another bad currency without dealing.

    (B) It is not permissible to sell the same type of cryptocurrency to each other differently, whether it is credit or hand-to-hand. For example, it is not permissible to sell ten units of Bitcoin, for eleven units of credit or hand to hand.

    (C) It is permissible to sell some of it to others of absolutely no gender, if it is a hand to hand, then it is permissible to sell a unit of bitcoin or litecoin.. one Qatari riyal, or less than that, or more if that is a hand
    .I am not with cryptocurrencies because they contain usury in selling because they are prohibited, but in all its forms, and they are useful in selling some of them to others without anyone at all, and if her hand is in her hand, he worksI am not with cryptocurrencies because they contain usury in the sale because they are forbidden but in all its forms and it is useful to sell some to others without anyone at all, and if it is hand in hand it works. I have read about them that they are explosive currencies, some of which are worth less than one cent and others worth tens of thousands of dollars...😊

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  • British Council.jpg helpful_blackcurrant | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    22 Sep 2021

    # I do not agree because paper currencies have disadvantages, which are:
    1) The possibility of forging, tampering, re-cloning and perishable over time ..
    2) Paper currency is a circulation of germs and bacteria, and general virus prevention measures limit its spread..

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  • British Council.jpg wondrous_flight | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    23 Sep 2021

    The United Kingdom (it is the most logical) because in their law they must take into account the age, show children appropriate games to develop their intelligence, but in adolescence you should give them games that help them develop their minds and skills, as for the law of Japan (the best) because children cannot They play as much as they want, because they may become more addictive to games, and this negatively affects them and causes diseases.
    As for the strictest law, it is China, because China only gives 3 hours a week, and this leads to a lack of brain development (in terms of life questions, skills and talents), because these games are encouraging for children, so they must be given more time, and to entertain themselves as well. .
    And finally, I want to say that parents should not force their child to leave games, because games develop the process of progress in life for children.

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  • British Council.jpg wondrous_flight | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    23 Sep 2021

    In my opinion, it is very harmful to the state and citizens:
    1- Bitcoin mining results in a huge amount of electronic waste, in addition to wasting electrical energy, which is not worth it in most cases.
    2- I do not think that this amount of electronic uses is useful for cryptocurrencies. It reduces energy uses in the world and also leads to electronic waste, which I do not think has the future of a permanent financial system.
    3- The process of Bitcoin mining consumes a lot of electricity, which increases carbon consumption, which affects climate change.
    4- What is the cause of damage to personal computers because the mining process is very, very complex and difficult.
    5- Exposure to theft and penetration, and this leads to a permanent threat to investors and people who use them.
    6- The Bitcoin process takes a lot of time on the computer, which leads to visual impairment and diseases.
    For these reasons, I do not support Bitcoin.

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  • Cheam Common logo knowledgeable_durian | Cheam Common Junior Academy | United Kingdom
    23 Sep 2021

    I think that cryptocurrency is negative because the value is unreliable, for example: my friend might give my 100 bit coins but then, tomorrow the value might change into 200 bit coins, so you will owe your friend 100 bit coins.

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  • British Council.jpg unassuming_tamarillo | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    23 Sep 2021

    I think that Bitcoin is not a good thing because it needs technological development to make it easier to deal with it and it needs people with great experience, but when it is adopted in a country, not all of its people can deal with it even if the country is technologically advanced, not all people have experiences there who cannot Reading and there are illiterates and also bitcoin helps in crimes, so I do not support dealing with it.

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  • British Council.jpg honest_speech | Shouka Prep Girls School | Occupied Palestinian Territory
    23 Sep 2021

    I think that Bitcoin is in the middle . It is neither good nor bad .
    It is a quick and easy way of payment as it is done within few seconds without entering too much details but the rapid change in value makes it unacceptable .

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  • British Council.jpg agreeable_speech | Lake Bank Pioneer Preparatory | Tunisia
    24 Sep 2021

    I don't agree with people who consider cryptocurrencies as a bad thing but it has some disadvantages

    The most important thing we need to know that crypto is a good thing for the environment for example ; about 15 billion trees are cut down each year for papers which is a lot. But on the other side, some cryptocurrencies like Bitcoin for example uses 11.5 kilotons of e-waste each year which is kind of too much.

    One of the best features crypto has , is that money can be transferred from a country to another in seconds but it might has problems because by using this type of currencies, the security system might get hacked which gives a big opportunity to black marketing and cyber crimes which is scaring the investors .

    Well some countries consider using Bitcoin itself illegal, its status as a means of payment or as a commodity varies with differing regulatory implications Which means for the moment many people can't use it.

    Good thing that cryptocurrencies like bitcoin for example , helps people by storing their money in a digital wallet , they can access to it to pay for goods and services , some stores don't accept Digital money , bitcoin owners can use ATM to withdraw money

    I believe that cryptocurrency is the future like for example last year when coronavirus started , we had to stop exchanging stuff like money.... And in this situation many started using cryptocurrencies . Thirteen percent of Americans bought or traded cryptocurrency in the past 12 months, according to survey published by NORC, a research group at the University of Chicago.

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    1. katie.jpg Katie @ Topical Talk
      agreeable_speech's comment 24 Sep 2021

      Thank you for your comment, agreeable_speech. I'm not sure you're right that "crypto is a good thing for the environment". Actually, one of the biggest concerns about cryptocurrencies is that they use too much energy. For example, it takes the same amount of energy to make one Bitcoin as it does to power an average household in America for about 53 days!

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  • British Council.jpg caring_personality | Shouka Prep Girls School | Occupied Palestinian Territory
    26 Sep 2021

    Every one on the planet knows that every thing has advantages and disadvantages..especially what related to money issues.But the big question is if I ask you do you agree to invest in bitcoin if you have the opportunity to do it? OR just you spread your own words here and say to the others '' as you like, do whatever you think is good, It's your choise..In fact this is the big question...and we should balance our deals before doing any forward steps which may lay us on the ground ang hit us fircely.

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  • Ormiston-Bushfield-logo-250x250.jpg industrious_hen | Ormiston Bushfield Academy | United Kingdom
    30 Sep 2021

    Almost all things have their advantages and disadvantages , and bitcoin is no different.
    Although bitcoin provides a free and easy way to transfer money,it is not inclusive to everyone: not everyone has the technology necessary to make transactions and then if it were to become an official currency,the government would either have to issue some kind of electronic device to people living in poverty so that they can make money or the people without electronics would become poor as they have no way to gain money.

    bitcoin has, of course, a fantastic upside: that robbers or pick-poketers would theoretically
    Lessen ,due to less people carrying around cash,but it may introduce an advancement in cyber crime.People who may not have been stealing before may put their tech skills to use and begin hacking peoples accounts,which would likely do more damage than if they had just stolen a wallet or some cash. People's lives revolve around the internet nowadays and if a hacker got into someone's account they could not only steal their money, but also their identity,social media and much more. People on the streets may be more safe, but perhaps not people in their homes.

    As for the fluctuating value of bitcoin,I see this as completely unfair: people could get instantaneously rich or poor,and the real question is would the economy be able to keep up with the rise and fall. Say the price for something is one bitcoin,then the price changes so this thing is now worth 5 bitcoin,but people still have the same amount of money, you won't be able to buy the item that you previously could,and the consumers are not going to be pleased by this.Are companies going to mach the rise and fall quick enough to still make a profit ?

    Overall I'd say that bitcoin is a fantastic idea-but not as a national currency-the cons outweigh the pros. And the safety of the users are (in my eyes) put at heavy risk of theft -not only of their money,but also of their privacy.

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    1. katie.jpg Katie @ Topical Talk
      industrious_hen's comment 01 Oct 2021

      A very balanced argument! Well done!

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  • British Council.jpg glad_camel | Islamabad Model School for Girls (VI-X), I-10/4 | Pakistan
    05 Oct 2021

    Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment in middle if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency.

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  • British Council.jpg enchanted_turkey | School of Excellence Sector-23 Rohini | India
    06 Oct 2021

    My take on this subject is more of a philosophical outlook.
    Digital currency is another step into a technology advanced world, developed society and a paradoxically connected world. As we are shifting bits of our daily life's on the internet, we are losing the essence of interactions. There must be some reason behind why a physical meeting seems more powerful and personal than a virtual interaction with the same individual. In my opinion, humans have evolved into this sense of community. Currency, until a few years back, was a basic amenity that knew nothing except for physical appearance, a thing that could connect any strangers with mutual trust and involvement. In online transactions we rely upon the speed of the internet, the website, password OTPs, there is close to zero involvement with the vendor and thus no sense of belonging is experienced. A faster virtual world is irrevocably heading towards a more secluded and chaotic environment

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  • British Council.jpg free_river | Faujdarhat Cadet College | Bangladesh
    12 Oct 2021

    I saw that we all are agreeing at a point that crypto currencies has both good or bad sides and our name is not shared during bitcoin transection . So can it be fraud or a move of developing countries to accelerate their economy

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  • British Council.jpg appreciative_pear | Shouka Prep Girls School | Occupied Palestinian Territory
    21 Oct 2021

    My question is what are the negative effects of cryptocurrency on the environment and I think cryptocurrency is a bad thing

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  • British Council.jpg lovely_groundhog | Shouka Prep Girls School | Occupied Palestinian Territory
    26 Oct 2021

    I think the Bitcoin cryptocurrency and the increase in the search for foreign currency and the speed of making profits, is a golden opportunity for online scammers to get money illegally, claiming to allow people who want to invest in money electronics take them. One of the fraudulent methods is 1_ creating fake websites for exchanging digital currency and it is claimed that the user receives a coupon for opening an account on the crypto exchange, but asking for The customer makes a large payment. also includes creating pages with fake content to steal data for a crypto wallet Especially in the age of Corona and all the world Sit at home to rely heavily on cryptocurrency exchange digital.

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  • British Council.jpg balanced_situation | Shouka Prep Girls School | Occupied Palestinian Territory
    03 Nov 2021

    Some of those who say it is a good thing, God willing, and I will mention this in a future comment that among the more than 5,000 digital currencies currently in the global markets, experts advise 10 cryptocurrencies that they consider the best investment in the year 2021, in the forefront of which is “Bitcoin” , based on the age of the currency, its price, the number of its investors, and the network technology circulating through it.

    Cryptocurrency is digital money that is not managed by a central system, such as governments, but rather relies on “blockchain” technology, and it is becoming increasingly popular after these currencies can be used to complete purchases, while most people treat it as a long-term investment.

    However, investing in cryptocurrencies may be risky if you do not know where to start, according to the service "Yahoo Finance", which ranked 10 digital currencies as "worth investing in the year 2021", noting, at the same time, the risks of hiring money in it.

    1 - "Bitcoin" Bitcoin

    The existence of this currency preceded all other currencies, and it is easy to see why it is the leader by its price, market capitalization and trading volume that far exceeds any other investment options. Even with thousands of cryptocurrencies, Bitcoin still represents 40% of the market capitalization of these currencies combined.

    Many companies accept Bitcoin as a method of payment, which makes it a smart investment. For example, Visa deals with it, and Tesla CEO Elon Musk recently invested $1.5 billion in it. Major banks have also started incorporating Bitcoin transactions into their offerings
    Bitcoin investment risks
    Its value tends to fluctuate so much that you can see the price go up or down by thousands of dollars over any given month, sometimes in a single day. And if such wild fluctuations make you nervous, you may want to avoid this coin. But as long as you keep in mind that cryptocurrency is a smart long-term investment, these volatility should not be a big concern.
    There is another reason to reconsider investing in this currency, which is its exorbitant price, which recently exceeded $50,000, so that most people cannot buy it.
    2 - Ethereum
    Ethereum differs from Bitcoin in that it is not just a cryptocurrency, but also a network that allows developers to create their own cryptocurrency using the Ethereum network. While it lags far behind Bitcoin in terms of value, it is also far ahead of other competitors.
    Although it entered trading years after some other cryptocurrency, it has surpassed its niche in the market due to its unique technology.

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  • British Council.jpg balanced_situation | Shouka Prep Girls School | Occupied Palestinian Territory
    03 Nov 2021

    Coins that you do not see with your eyes and do not touch with your hands, rather they are numbers and symbols that you find on the computer screen. Each currency has a symbol or a sign, but does not seeing and touching it mean that it does not affect the environment in any way?

    Digital currencies, especially Bitcoin, gained wide popularity in most parts of the world after major investors, led by Elon Musk, who promoted it in February and invested $1.5 billion in it. Which encouraged many to buy it in the hope of a quick profit.

    But a storm has hit cryptocurrencies, especially Bitcoin, recently after Elon Musk suspended accepting cryptocurrency as a way to pay for Tesla cars, "due to climate concerns" and China's imposition of new restrictions on its use.

    However, a question may arise in our minds about the relationship of an intangible virtual digital currency to the climate, and how it causes significant environmental damage?

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  • British Council.jpg entrepreneurial_guitar | Mirzapur Cadet College | Bangladesh
    06 Nov 2021

    Practically all things enjoy their benefits and hindrances, and bitcoin is the same.

    Despite the fact that bitcoin gives a free and simple way of moving money, it isn't comprehensive to everybody: not every person has the innovation important to make exchanges and afterward if it somehow happened to turn into an authority currency, the government would either need to give some sort of electronic gadget to individuals living in destitution so they can bring in cash or individuals without hardware would become poor as they have no real way to acquire cash.

    Bitcoin has obviously an awesome potential gain: that burglars or pick-pocketers would hypothetically

    Reduce, because of less individuals hefting around cash, but it might present a progression in digital crime. People who might not have been taking before may put their tech abilities to utilize and start hacking people groups accounts, which would probably accomplish more harm than if they had recently taken a wallet or some money. Individuals' lives rotate around the web these days and if a programmer got into somebody's record they couldn't just take their cash, yet additionally their identity, social media and considerably more. Individuals on the roads might be more protected, yet maybe not individuals in their homes.

    Concerning the fluctuating worth of bitcoin, I consider this to be totally unjustifiable: individuals could get immediately rich or poor, and the genuine inquiry is would the economy have the option to stay aware of the ascent and fall. Say the cost for something is one bitcoin, then the value changes so this thing is currently worth 5 bitcoin, but individuals actually have a similar measure of cash, you will not have the option to purchase the thing that you beforehand could, and the buyers won't be satisfied by this. Are organizations going to mach the ascent and fall adequately fast to in any case create a gain?

    In general, I would say that bitcoin is a phenomenal thought however not as a public cash the cons offset the professionals. What's more, the wellbeing of the clients are (in my eyes) put at weighty danger of robbery - not just of their money, but likewise of their security.

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    1. tom Tom @ Topical Talk
      entrepreneurial_guitar's comment 08 Nov 2021

      A very thoughtful comment that gives several ideas and reasons to back them up, well done!

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  • British Council.jpg entrepreneurial_guitar | Mirzapur Cadet College | Bangladesh
    10 Nov 2021

    I think Bitcoin is negative type of cash since it can diminish or increment in cash. For instance: in January 2021, the worth of a bitcoin was £40,000, then, at that point, in April, it changed to £68000 and from that point onward ,in July, it tumbled to simply over £40000.

    Assuming someone gave a credit of 10 bitcoins worth £60000 each and, requests 8 back however the new worth is £120000 every, that would be uncalled for to the individual who had been given an advance. Additionally there are bunches of individuals who don't have innovation this they can't get a digital currency.

    Notwithstanding, Bitcoin likewise helps individuals in light of the fact that the cash is put away in a computerized cloud which permits simple admittance to food or adornments. Regardless of whether a store utilizes cash just, the people who use digital currencies can utilize an ATM to pull out cash.

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  • British Council.jpg entrepreneurial_guitar | Mirzapur Cadet College | Bangladesh
    14 Nov 2021

    I think, Cryptocurrency Bitcoin and Increasing looks for unfamiliar monetary forms, and the speed of creating gains, were an amazing chance for online con artists to get illicit cash, professing to empower people wishing to put resources into cryptographic forms of money to get them.One of the extortion strategies is
    • making counterfeit sites for the trading of advanced monetary forms, and it is asserted that the client gets a coupon to open a record on the cryptographic money trade, yet it requests that the client make an enormous payment.
    •Phishing systems for digital money casualties likewise incorporate making pages with counterfeit substance to take information for a digital money wallet Especially in the hour of COVID- 19 and everybody Sitting at home so they depend intensely on computerized cash trade.

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  • Bruntcliffe-logo-250x250.jpg outgoing_planet | Bruntcliffe Academy | United Kingdom
    17 Nov 2021

    I agree with cryptocurrencies because people say they are a scam when they are a good way of making money out of investments. Bitcoin allows you to earn huge amounts of money online without losing it like a normal coin. Bitcoin isn't alone in the cryptocurrency world there are other coins like, dogecoin and karen coin .

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  • Bruntcliffe-logo-250x250.jpg outgoing_planet | Bruntcliffe Academy | United Kingdom
    17 Nov 2021

    I think the Bitcoin cryptocurrency and the increase in the search for foreign currency and the speed of making profits, is a golden opportunity for online scammers to get money illegally, claiming to allow people who want to invest in money electronics take them. One of the fraudulent methods is 1_ creating fake websites for exchanging digital currency and it is claimed that the user receives a coupon for opening an account on the crypto exchange, but asking for The customer makes a large payment.

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  • Bruntcliffe-logo-250x250.jpg outgoing_planet | Bruntcliffe Academy | United Kingdom
    17 Nov 2021

    welcome
    From my point of view, digital currencies have advantages and disadvantages, so I think it is in the middle because
    One of the advantages of digital currency is that it has become an effective means of payment for people who do not have access to banking services, and it can also be an effective way to distribute government payments Also, one of its positives is that you do not need to share your identity, location, or details of the transactions that took place between you and the beneficiary, and there is no information required to share with the government and the bank regarding the transaction, it is truly decentralized

    One of the negatives of digital currencies is that it can work to make the digital dollar unstable, which can rationalize the economy of all the world because the dollar is the dominant reserve currency in the world by 60%
    Therefore, from my point of view, I think that digital currencies are in the middle due to the multiplicity of its pros and cons.

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  • Bruntcliffe-logo-250x250.jpg energetic_dinosaur | Bruntcliffe Academy | United Kingdom
    24 Nov 2021

    I think bitcoins are good and bad because it costs a lot of money and you can become a millionaire online.

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  • Bruntcliffe-logo-250x250.jpg energetic_dinosaur | Bruntcliffe Academy | United Kingdom
    01 Dec 2021

    Bitcoins are bad because they use all of your money. They are over £37,000 but you can't get food in real life because you have no physical money.

    Reply to this comment
    1. Olivia-Avatar.jpg Olivia @ Topical Talk
      energetic_dinosaur's comment 01 Dec 2021

      Don't forget that you could exchange your Bitcoin for cash and then use that.

      Reply to this comment
  • Bruntcliffe-logo-250x250.jpg energetic_dinosaur | Bruntcliffe Academy | United Kingdom
    01 Dec 2021

    Bitcoins are great because then people online will get jealous and if you are nice you could give them some and then people will like you and you possibly could start a business and it could go successful.

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  • British Council.jpg pioneering_wilddog | Jabalia Prep Girls A School | Occupied Palestinian Territory
    11 Jan 2022

    Well, I don't think the use of this currency, or the use of cryptocurrencies is very dead, and from one of the stories that support my saying, that someone owned a large amount of it, and put it in the bank, when he wanted to take it, he found nothing, what if this happened to you I don't think you will use it again.

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