Local traders unmoved by SEC Bitcoin warning

“‘The short answer is that financial scams are everywhere and it pays to be cautious about any investment and ensure that you understand it and trust those operating it, before giving them your dollars or your Bitcoins,’ said Tulsa Bitcoin trader Ryan Underwood. ‘This question of where to place confidence is not a Bitcoin-specific issue but a problem with all investments that make future promises in exchange for taking investor money in the present,’ Underwood said. ‘The SEC did not protect investors from Madoff despite numerous whistle-blowers coming forward in advance. Only their own diligence could have protected them.'”

http://www.reddit.com/r/Bitcoin/comments/1jlh21/bitcoin_gets_some_positive_business_press_in/

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