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Weve tested out several loans at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from this particular method.
Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites which promise to double your coins every few days or provide you unreal interest prices.
What these websites actually do is take money from new users and use that money to pay off older users. This procedure makes a lot of buzz around the website which is apparently legit and solvent.
On top of this, they almost always have some sort of referral app so that users can bring their friends on board.
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This is how a Ponzi scheme functions. This will go on for around 3-4 months until one day that the website will only go offline and the money is going to be gone. No longer payments will be produced and a great deal of people will get angry that they have scammed.
We have reviewed several Bitcoin investment sites in the past 3 years and have yet to find a site that we can say is  safe to invest in. Any website that promises you something that's too good to be true is probably only a facade for individuals trying to steal your coins. .
How can you find out if a website is a scam to get yourself Easy, use our Bitcoin scam test tool to acquire a reasonable assumption about a sites legitimacy.
Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone originates in the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin as well.
The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The procedure for claiming forked coins (aka forkcoins) is standard but demands an above basic understanding of the way Bitcoin works. You can view our fork claiming guide here.
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Bear 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 users it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that claim the coins for you and take a commission but that may easily turn into a scam that runs away with you money. .
Once you maintained a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it has a market.
Airdrops are similar to forks in the sense which you get coins from thin air. Airdrops are usually utilized to spread the word in a certain cryptocurrency. The currency is distributed freely to the general public, although in some situations some conditions can employ.
By way of instance, Byteball was distributed publicly to Bitcoin users depending on the amount of Bitcoins they visit this site right here owned.
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To conclude, forks and airdrops could possibly be the highest significance of time method you can use to create money from the Bitcoins but they can be SUPER insecure. I would recommend that you utilize these approaches only after considerable research and a good understanding of the claiming process.
Weve covered a great deal of ways in which you can earn Bitcoin or even earn money with cryptocurrencies. In the end each method has its own pros and cons, some are far more risky while others take a greater amount of work.
In order to make it much easier for you to review what weve only covered we made a table that illustrates the different approaches (you can see at the top of the post). As you can see theres no easy, risk free way to generate money with Bitcoin. The good news is that it is possible, and if you put some effort into it you can find a lot of creative ways to make new income flows. .
You may still have any questions. If so, just leave them in the comment section below. And if youve tried out one of these methods previously and want to discuss your own experience with it Id love to hear it as well.
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