As the SEC put it in an alert published Wednesday: \"Potential investors can be easily enticed with the promise of high returns in a new investment space and also may be less skeptical when assessing something novel, new and cutting-edge.\"<\/p>\n
Still, though bitcoin is a new investment opportunity, the SEC's advice for spotting scams would apply to all kinds of general fraud: avoid deals that sound too good to be true, don't give in to high sales pressure, etc. <\/p>\n
More from NBC News: Oculus Rift Flight Simulator is For the BirdsLondon Cops Testing 500 Wearable Cameras on the StreetsPrototype Killer Laser Takes Out Boats a Mile Away <\/p>\n
If a victim does get sucked in, however, that's where bitcoin does present unique challenges. The digital-only currency is difficult to trace, it's international, it isn't regulated by any central authority and law enforcement has a tough time seizing or freezing those ill-gotten gains. <\/p>\n
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The rest is here: <\/p>\n
Don't fall for bitcoin scams, SEC warns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" As the SEC put it in an alert published Wednesday: \"Potential investors can be easily enticed with the promise of high returns in a new investment space and also may be less skeptical when assessing something novel, new and cutting-edge.\" Still, though bitcoin is a new investment opportunity, the SEC's advice for spotting scams would apply to all kinds of general fraud: avoid deals that sound too good to be true, don't give in to high sales pressure, etc. More from NBC News: Oculus Rift Flight Simulator is For the BirdsLondon Cops Testing 500 Wearable Cameras on the StreetsPrototype Killer Laser Takes Out Boats a Mile Away If a victim does get sucked in, however, that's where bitcoin does present unique challenges. Continue reading