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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 High Yield Investment Programs also known as HYIPs. These are sites which promise to double your coins every couple of days or give you unreal interest rates.

These sites really do is take money from new users and use that money to pay off older users. This procedure makes a great deal of buzz around the site that is apparently legit and solvent.

On top of that, they almost always have some sort 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 only go offline and the money is going to be gone. No more payments will be produced and a great deal of people may get angry that they have scammed.

We have reviewed many Bitcoin investment sites in the previous 3 decades and have yet to find a site which we can state is  safe to invest in. Any site that guarantees you something that is too good to be true is likely just a facade for individuals trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, use our Bitcoin scam test tool to get a fair assumption about a sites legitimacy.

Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone emerges from the existing Bitcoin. Every person who held Bitcoin before 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 much more. The procedure for claiming forked coins (aka forkcoins) is standard but demands an above basic understanding of the way 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 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 which runs off with you money. .

Once you maintained 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 usually 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.

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 highest value for some time method you can use to create money from the Bitcoins but they can be SUPER read what he said risky. I would recommend that you use these approaches only after ample research and a good understanding of the claiming process.

Weve covered a great deal of ways in which you can earn Bitcoin or make money with cryptocurrencies. In the end each method has its pros and cons, some are more insecure while others require a larger amount of work.

In order to make it much easier for you to review what weve only covered we created a table which illustrates the different methods (you can see at the top of this post). As you can see theres no easy, risk free way to generate 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 create new income flows. .

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

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