27 Apr '15, 10am

5 Bitcoin Scams You Should Be Aware Of #Opinion #bitcoinfraud #bitcoinscams #Bitcointheft

5 Bitcoin Scams You Should Be Aware Of #Opinion #bitcoinfraud #bitcoinscams #Bitcointheft

Social media Share this article       Although most bitcoin startups are working to ensure that incidents of cryptocurrency fraud and theft are prevented, there are still plenty of bitcoin scams that exist. Awareness of these criminal activities can be very helpful in avoiding becoming a victim so it’s important to stay updated on these. These bitcoin scams are generally prevalent on the internet, as the digital currency does have its roots in the online world. Bear in mind that, since transactions are typically irreversible and are anonymous, it is difficult to track the perpetrators involved. Usual Bitcoin Scams One of the most notorious bitcoin scams out there are the Ponzi schemes or those posing as high-yield investment opportunities. What really happens is that the scammers pay early investors with new deposits from newer investors, promising unbelievably high ...

Full article: http://www.newsbtc.com/2015/04/27/5-bitcoin-scams-you-sho...

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