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Weve tested out several loans here at 99Bitcoins, and they eventually defaulted. Thats why I recommend to steer clear of 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 few days or give you unreal interest prices.
These websites actually do is take money from new customers and use that money to pay off old users. This process makes a lot of buzz around the site that is apparently untrue and solvent.
On top of this, they nearly always have some sort of referral program so that consumers 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 that the website will just go offline and the money will be gone. No longer payments will be produced and a great deal of people may get mad that they have scammed.
We've reviewed several 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 website 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 for yourself Easy, utilize our Bitcoin scam evaluation tool to get 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 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 much more. The process 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 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 this may 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 official source assuming it's a market.
Airdrops are similar to forks in the sense that you get coins out of thin air. Airdrops are often used to spread the word in a certain cryptocurrency. The currency is distributed freely to the public, although in certain cases some conditions can employ.
For 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 maximum significance of some time method you can use to create money from the Bitcoins but they can be SUPER insecure. I would advise you to utilize these methods only after ample research and a fantastic understanding of the claiming process.
Weve covered a great deal of ways 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 take a larger amount of work.
In order to make it much easier for you to review exactly what weve only covered we made a table right here that illustrates the different methods (you can view on peak of the post). As you can see theres no easy, risk free way to make money with Bitcoin. The good news is that Get More Information it's possible, and if you put some effort into it you can find a great deal of creative strategies to create new income flows. .
You might still have some questions. If so, just leave them in the comment section below. And if youve tried out one of these approaches previously and want to share your experience with it love to hear it also.
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