# data[].attributes.headline
Reflective Discussion Questions - Word Document

# data[].attributes.subject
Reflective Discussion Questions - Word Document

# data[].attributes.body
When investing in crypto currencies, it is always essential to be aware of the risks involved. Crypto currencies like other fiat currencies are valuable because a large number of people have decided that it has a value, thus, allowing it to be used in the market place in the same way legally issued currencies are. One downfall to digital currency is that they can lose their value significantly at any time if the investing bubble bursts, something you may have seen with bitcoin over the first few months of 2018. Digital currencies have their benefits and downfalls so for the best return, keep an eye on the trends and don’t invest anything you aren’t willing to lose.  This image is relevant because investing in Bitcoin is a gamble, the image displays bitcoin as dice referencing to casino dice.

Click the image to enlarge.

# data[].attributes.body
There are thousands of different types of crypto currencies besides Litecoin and Bitcoin, most of which you likely have not heard of.  Crypto currencies these days are “a dime a dozen” taking only intermediate knowledge in the computer science field to create. Creating a crypto currency does not take much effort, as the code to complete the process is available on websites such a github, and is open source to the public.  It is important for the reader to understand how a there are many different types of digital currencies and how you can start one yourself.  The image above displays many digital currencies.

Click on the image to enlarge.

# data[].attributes.body
https://blockgeeks.com/guides/what-is-blockchain-technology/

This image demonstrates the process of a block chain, the system used to process crypto currency transitions.  Essentially, block chains are a type of database that has been decentralized and spread between multiple computer systems to ensure accuracy.  After each transition has been processed by a separate PC in the block chain system using complex algorithms, the "receipt" of the transaction is then added the chain as a block.  This image is relevant because it helps the reader understand how digital currencies are processed.

Click on the image to enlarge.

# data[].attributes.body
This link was chosen because it discusses 6 other digital currencies.  It’s important to understand that Bitcoin isn’t the only digital currency.

On this website, the author discusses the 6 digital currencies, Litecoin, Ethereum, Zcash, Dash, Ripple and Monera.  She talks about what each currency has to offer and some of the benefits to using them as well as who uses them.  At the end of the page a “bottom line” is provided and it talks about how Bitcoin still leads the pack but we are not quite sure what the feature holds.

I found the author’s comparison of Bitcoin and Litecoin to gold and silver very useful.  It gives you an understanding from a non digital currency perspective that makes it easy to understand.

# data[].attributes.body
This link was chosen because it’s important to look at some of the factors of why Bitcoin was surging in late 2017.

On this website, the article highlights that the value of Bitcoin has been increasing due to the great features discussed earlier like security and because more companies are planning to allow for Bitcoin to be used.  In addition, this site discusses how Bitcoins are created using computer farms and why people would use Bitcoin.

I found it very useful to see some of the factors for people jumping on the Bitcoin train.  It can help somebody make a decision whether they think its going to keep rising and they should invest or if its just a dying trend.

# data[].attributes.body
This link was chosen because the reader may want to hear about the downfalls to bitcoin.  It is important to learn some of the negatives so you can weigh the pros and cons.

On this website, author “Alexey Malanov” talks about many of the risks and downsides to the well known currency, Bitcoin.  Some of the issues discusses includes loosing a wallet file, spoofing a user address and user address error.

I found it useful how at the bottom of the page, the author left some helpful tips when using digital currencies.  One of my favourite tips is double checking the users address before sending because it is very easy to send money to the wrong address if one character is off.

# data[].attributes.headline
Video #3 - Bitcoin - What You NEED To Know Before Investing in Bitcoin https://www.youtube.com/watch?v=DHtilrc4zLQ

# data[].attributes.subject
Video #3 - Bitcoin - What You NEED To Know Before Investing in Bitcoin https://www.youtube.com/watch?v=DHtilrc4zLQ

# data[].attributes.body
This link was chosen because it is important for the readers to hear some tips before they dive in and start buying and selling digital currency like Bitcoin.

In this video, the content creator brings many tips into light.  For example, bitcoins past performance doesn’t reflect its future, meaning that you shouldn’t invest in it just because it did great last week.  He also talks about how it’s bad to invest on emotion, because you might make poor decisions.

I found it useful learning many tips before getting into Bitcoin investing.  My favourite tip is not getting greedy.  I think this is a great tip because greediness is a huge downfall to many people’s wallets, because they hope the price will skyrocket when it might drop to record lows the next day.  It is very important not to be greedy!

# data[].attributes.headline
Digital Currency by Scott Brown & Brayden Schoenau

# data[].attributes.subject
Digital Currency by Scott Brown & Brayden Schoenau

# data[].attributes.body
This Padlet site will cover the topic of digital currency, mainly focusing on the popular currency "Bitcoin".  The page will consist of media like videos and images and will have links to websites that will give you an insight on the world of digital currency.

# data[].attributes.headline
Video #1 - Bitcoin explained and made simple https://www.youtube.com/watch?v=s4g1XFU8Gto

# data[].attributes.subject
Video #1 - Bitcoin explained and made simple https://www.youtube.com/watch?v=s4g1XFU8Gto

# data[].attributes.body
This link was chosen because it gives a brief introduction to what digital currencies (focus on Bitcoin) are.

In this video, the narrator explains what a Bitcoin is and how it can be beneficial, for example, online shopping.  The reason for this is because there is no “middle man” like a financial institution. Thus, making it more secure because you don’t have to hope that the financial institution will keep your information safe.  The video also talks about some problems that these digital currencies could bring.

I found it useful learning that Bitcoin is completely anonymous and how it makes it more secure buy, sell and trade items.  The video as a whole was very useful.

# data[].attributes.headline
Video #2 - How To Buy/Sell Bitcoin In Canada! Easy Steps For Beginners | Quadriga https://www.youtube.com/watch?v=f7xRXsNsMMo

# data[].attributes.subject
Video #2 - How To Buy/Sell Bitcoin In Canada! Easy Steps For Beginners | Quadriga https://www.youtube.com/watch?v=f7xRXsNsMMo

# data[].attributes.body
This link was chosen because for many, they know what digital currency like bitcoin is, but they want to learn how they can acquire the currency.  This video shows how easy it is for Canadians to get Bitcoin.

In the video, YouTube account “Dolfski”, shows how you can buy Bitcoin in Canada using an online service called Quadriga.   This 11-minute video goes over how to create an account, choose how much bitcoin you want to buy, how to see your orders and more.

I found it useful learning that there is an online service designed to make it easy for Canadians to buy bitcoins.  I also found it useful that you can use certain debit cards to fund your account such as a Visa Debit.