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Weve tested out many loans here at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to stay away from this particular method.

Another method it is wise to avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are sites that claim to double your coins every few days or give you unreal interest rates.

What these websites really do is take money from new customers and use that money to pay off older users. This process makes a lot of buzz around the website which is apparently legit and solvent.

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On top of that, they nearly always have some sort of referral app so that consumers can bring their friends on board.

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

We have reviewed many Bitcoin investment websites in the past 3 decades and have yet to find a site which 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 acquire a reasonable assumption about a sites legitimacy.

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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 claim the new coin as well.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The process for claiming forked coins (aka forkcoins) is standard but demands an above fundamental understanding of the way Bitcoin works. You can view 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 many non technical users it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which claim the coins for you and have a commission but that may easily turn into a scam which runs away with you money. .

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

Airdrops are much like forks in the sense that 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 more general public, although in certain situations some conditions can employ.

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

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To conclude, forks and airdrops may be the highest value for some time method you can use to make money from your Bitcoins however they can be SUPER insecure. I'd advise you to use these methods only after ample research and a good understanding of the claiming process.

Weve covered a lot of ways you can earn Bitcoin or earn money with cryptocurrencies. In the end each approach has its own pros and cons, some are more insecure while others require a larger amount of effort.

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 view at the top of the post). As you can see theres no simple, 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 great deal of creative ways to make new income streams. .

You may still have any questions. If so, simply leave them in the comment section below. And when youve tried out one of the approaches above and want to share your own experience with it love to hear it as well.

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Every single day, Bitcoin that the cryptocurrency and Bitcoin the technology becoming more popular. When in 2011 you had to compose a person from the other continent to order a pizza for you with Bitcoins, now you can certainly do something like that in a number of important cities. In some countries such as the Netherlands, the entire towns are Bitcoin-friendly (like Arnhem, often called the Bitcoin town ) now with a range of services available for people that are willing to pay with BTC.

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