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Weve tested out several loans here at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to steer clear of this particular method.

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

What these websites actually do is take money from new customers 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.

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

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This is how a Ponzi scheme works. This can go on for around 3-4 months until one day the site will just go offline and the money is going to be gone. No more payments will be made and a great deal of people may get angry that they have scammed.

We've reviewed several Bitcoin investment websites in the previous 3 decades and have yet to find a site which we can say is  safe to invest in. Any website that promises you something that is too good to be true is probably only a facade for individuals trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to acquire a fair assumption about a websites validity.

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 prior to 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 more. The process for claiming forked coins (aka forkcoins) is standard however demands an above basic understanding of the way Bitcoin works. You can view our fork claiming guide here.

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Bear 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'd better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies that assert the coins for you and have a commission but that could easily turn into a scam that 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 which you get coins from thin air. Airdrops are usually news used to spread the word in a certain cryptocurrency. The currency is distributed freely to the public, although in some 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 create money from your Bitcoins but they can be SUPER risky. I'd recommend that you 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 earn money with cryptocurrencies. In the end each method has its pros and cons, some are far more risky while others require a larger amount of effort.

In order to make it easier for you to review exactly what weve just covered we created a table which illustrates the different approaches (you can view at the peak of this post). As you can see theres no easy, 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 strategies to create new income flows. .

You may still have some questions. If this is the case, just 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 Id love to hear it also.

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