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Weve tested out several loans at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from this particular method.
Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are websites which promise to double your coins every few days or provide you unreal interest rates.
These sites really do is take money from new users and use that money to pay off old users. This process makes a great deal of buzz around the site that seems to be legit and solvent.
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This is the way a Ponzi scheme functions. This can go on for around 3-4 months until one day the website will only go offline and the money is going to be gone. No more payments will be made and a lot of people will get angry that they have scammed.
We've reviewed many Bitcoin investment sites in the past 3 years and have yet to find a site which we can state is  safe to invest in. Any website that guarantees 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 for yourself Easy, use our Bitcoin scam test tool to get a reasonable 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 emerges from 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 procedure for claiming forked coins (aka forkcoins) is standard however demands an above basic understanding of how Bitcoin works. You can see our fork claiming guide .
Keep in mind that if youre not sure what youre doing when claiming a forkcoin you might end up losing your Bitcoins. So for many non technical customers it would better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies that assert 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's 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 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 freely to Bitcoin users depending on the amount of Bitcoins they owned.
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To conclude, forks and airdrops could possibly be the maximum value for some time method you can use to create money from the Bitcoins however they can be SUPER risky. I would recommend that you use these approaches only after considerable research and a fantastic understanding of the claiming process.
Weve covered a great deal of ways you can earn Bitcoin or even earn money with cryptocurrencies. In the end each approach has its own pros and cons, some are far more insecure while others take a greater amount of work.
In order to make it easier for you to review what weve only covered we created a table that illustrates the different approaches (you can view on peak of the post). As you can see theres no easy, risk free way to generate money with Bitcoin. The fantastic news is that it is possible, and advice if you put some effort into it you can find a great deal of creative strategies to create new income streams. .
You might still have any questions. If so, simply leave them in the comment section below. And when youve tried out one of the methods previously and want to discuss your experience with it love to hear it as well.
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Each and every day, Bitcoin the cryptocurrency Check This Out and Bitcoin the technology gets more popular. When in 2011 you needed to write a person from another continent to purchase a pizza for you with Bitcoins, now you can do something similar to that in a number of major cities. In some countries such as the Netherlands, the entire towns are Bitcoin-friendly (like Arnhem, often known as the Bitcoin city) now with a range of services available for those that are willing to pay with BTC.