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Weve tested out several loans here at 99Bitcoins, and they eventually defaulted. Thats why I recommend to steer clear of this particular method.

Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites which promise to double your coins every couple of days or provide you unreal interest prices.

These sites actually do is take money from new users and use that money to pay off older users. This process makes a lot of buzz around the site that is apparently untrue and solvent.

On top of this, they almost always have some kind of referral program so that users can bring their friends on board.

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This is the way a Ponzi scheme functions. This will go on for around 3-4 months until one day the site will just go offline and the money is going to be gone. No more payments will be produced and a great deal of people will get angry that they have scammed.

We've reviewed several Bitcoin investment sites in the past 3 decades and have yet to find a website that we can say is  safe to invest in. Any website that guarantees you something that is too good to be true is probably just a facade for scammers trying to steal your coins. .

How can you find out if a website is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to get a fair assumption about a websites legitimacy.

Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone emerges in the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin too.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The procedure for claiming forked coins (aka forkcoins) is standard but requires an above basic understanding of the way Bitcoin works. You can view our fork claiming guide here.

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Keep in mind that if youre not sure what youre doing when claiming a forkcoin you might end up losing your Bitcoins. So for many non technical customers it'd better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which assert the coins for you personally and take a commission but that may easily turn into a scam which runs away with you money. .

Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or alternative cryptocurrencies assuming it has a market.

Airdrops are similar to forks in the sense that you get coins out of thin air. Airdrops are often used to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain situations some conditions can employ.

For instance, Byteball was distributed publicly to Bitcoin users depending on the amount of Bitcoins they owned.

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To conclude, forks and airdrops could possibly be the maximum significance of some time method you can use to make money from the Bitcoins however they can be SUPER risky. I would More hints recommend that you use these approaches only after considerable research and a fantastic understanding of the claiming process.

Weve covered a great deal of ways in which you can earn Bitcoin or earn money with cryptocurrencies. In the end each method has its own pros and cons, some are more risky while others take a greater amount of effort.

In order to make it easier for you to review what weve only covered we created a table which illustrates the different approaches (you can see on top of this post). As you can see theres no easy, risk free way to make money with Bitcoin. The fantastic news is that it's possible, and if you put some effort into it you can find a lot of creative strategies to make new income streams. .

You may still have some questions. If this is the case, simply leave them in the comment section below. And if youve tried out one of the methods above and want to share your experience with it love to hear it also.

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