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Weve tested out many loans at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to stay away from this specific method.
Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites that promise to double your coins every few days or provide you unreal interest rates.
These websites really do is take money from new customers and use that money to pay off old users. This process creates a great deal of buzz around the website which 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 how a Ponzi scheme works. This will go on for around 3-4 months until one day the site will only go offline and the money will be gone. No longer payments will be made and a great deal of people may get mad that they have scammed.
We have reviewed many Bitcoin investment sites in the previous 3 decades and have yet to find a website which we can state is  secure to invest in. Any site that promises you something that is too good to be true is likely 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, use our Bitcoin scam test tool to get a reasonable 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 before the fork can now also claim the new coin as well.
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 however requires an above fundamental understanding of how Bitcoin works. You can see 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 could end up losing your Bitcoins. So for many non technical customers it'd better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies that claim the coins for you personally and have a commission but that could easily turn into a scam that runs off with you money. .
Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or alternative cryptocurrencies assuming it's a market.
Airdrops are much like forks in the sense which you get coins out of thin air. Airdrops are usually used 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 example, Byteball was distributed freely to Bitcoin users depending on the amount of Bitcoins they owned.
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To Clicking Here conclude, forks and airdrops may be the maximum significance of time method you can use to create money from your Bitcoins but they can be SUPER insecure. I'd recommend that you utilize these methods only after ample research and a fantastic understanding of the claiming process.
Weve covered a lot of ways you can earn Bitcoin or make money with cryptocurrencies. In the end each approach has its own pros and cons, some are more risky while others take a greater amount of work.
In order to make it easier for you to review what weve only covered we made a table which illustrates the different approaches (you can see at the top of this post). As you can see theres no simple, 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 lot of creative ways to create new income flows. .
You may still have some questions. If this is the case, simply leave them in the comment section below. And when youve tried out one of these methods above and want to discuss your experience with it love to hear it also.
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