Bitcoin international money transfer

THE PRUDENT INVESTOR: Why I’m ditching lousy fund managers who can’t even beat a robot! 58bn global empire steps down – but will he now run for US president? Rebecca Goodman: Victory for This is Money as Ofcom FINALLY bitcoin international money transfer Virgin Media’s exit fee is too high – so why is it still getting away with charging it?

What is an investment trust and why would you want to put your savings into one? Do the crises in Argentina and Turkey spell danger for emerging markets as the strong dollar stings? Wild West of exchanges and wallets – and do you have to declare profits to the taxman? Recently, This is Money received an e-mail from a reader which started: ‘You need to have a section dedicated to crypto technology and currencies. The technology is the biggest technological leap since the founding of the internet. It highlights just how quickly the cryptocurrency phenomenon has exploded in recent months and how much some investors believe in the technology.

You can read our at-a-glance round-up of some of them here. But, recent activity and price swings have shown just how volatile the world of bitcoin, ethereum, ripple and co are. Nevertheless, many readers are asking how they can get their hands on bitcoin and other cryptocurrencies safely and securely, and importantly, how they can sell if they want to take profits. However, it is the Wild West out there.

So let’s start with the warnings. As mentioned above, digital currencies are volatile and not for the faint-hearted. You should read our bitcoin box below. Yes, there are plenty of stories about how people have become rich investing in bitcoin at the start and some self-titled experts are saying this is the best new financial investment you can make. But there have also been plenty of grumbles about it, including from stalwart US investor Warren Buffett – while the Financial Conduct Authority has also warned bout the dangers of investing in bitcoin. Remember bitcoin yields nothing and its main source of value is scarcity.

Most bitcoin activity is trading not investing. Research coin wallets, the digital vaults where cryptocurrency is held, and consider security carefully. Bitcoins have been stolen before, understand how this happened. The price can move by 20 per cent in one day and you could easily lose half of your cash in a far quicker time that investing in the stock market.