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Weve tested out several loans here at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to stay away from this specific method.
Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites which claim to double your coins every few days or provide you unreal interest prices.
These websites actually do is take money from new customers and use that money to pay off older users. This method creates a lot of buzz around the site that seems to be legit and solvent.
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This is how a Ponzi scheme works. This can go on for around 3-4 months until one day that the website will just go offline and the money is going to be gone. No more payments will be made and a lot of people may get mad that they got scammed.
We have reviewed many Bitcoin investment sites in the previous 3 decades and have yet to find a website which we can say is  safe to invest in. Any site 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 whether a site is a scam to get yourself Easy, use our Bitcoin scam test tool to acquire a fair assumption about a sites validity.
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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 claim the new coin as well.
The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and much more. The process for claiming forked coins (aka forkcoins) is standard but demands an above fundamental understanding of the way Bitcoin works. You can see our fork claiming guide here.
Keep in mind that if youre not sure what youre doing when claiming a forkcoin you could end up losing your Bitcoins. So for most non technical customers it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that assert the coins for you and take a commission but that may easily turn into a scam that runs continue reading this off with you money. .
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Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it's a market.
Airdrops are similar to forks in the sense which you get coins out of thin air. Airdrops are often utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain cases some conditions can employ.
By way of instance, Byteball was distributed freely to Bitcoin users depending on the amount of Bitcoins they owned.
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To conclude, forks and airdrops may be the highest significance of time method you can use to make money from your Bitcoins however they can be SUPER insecure. I'd advise you to utilize these approaches only after ample research and find a fantastic understanding of the claiming process.
Weve covered a lot of ways in which you can earn Bitcoin or make money with cryptocurrencies. In the end each method has its own pros and cons, some are far more insecure while others require a greater amount of work.
In order to make it much easier for you to review what weve just covered we made a table which illustrates the different methods (you can view on top of this post). As you can see theres no easy, risk free way to generate money with Bitcoin. The good news is that it's possible, and if you put some effort into it you can find a great deal of creative ways to make new income streams. .
You might still have some questions. If this is the case, just leave them in the comment section below. And when youve tried out one of these methods previously and want to discuss your experience with it love to hear it as well.
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Every single day, Bitcoin the cryptocurrency and Bitcoin the technology gets more popular. When Check This Out in 2011 you needed to write a person from another continent to order a pizza for you with Bitcoins, now you can certainly do something like this in a number of major cities. In some countries such as the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often known as the Bitcoin town ) now with a range of services available for people that are willing to pay with BTC.