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Weve tested out several loans here 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 claim to double your coins every couple of days or provide you unreal interest rates.
These websites really do is take money from new users and use that money to pay off old users. This procedure makes a lot of buzz around the site that seems to be untrue and solvent.
On top of this, they almost always have some kind of referral app so that users can bring their friends on board.
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This is the way a Ponzi scheme works. This will 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 got 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 is too good to be true is likely only 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 fair assumption about a websites legitimacy.
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 too.
The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and much more. The process for claiming forked coins (aka forkcoins) is standard but demands an above basic understanding of how Bitcoin works. You can view our fork claiming guide .
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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'd better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies which claim the coins for you and take a commission but this could easily turn into a scam which runs off with you money. .
Once you maintained a forkcoin you can sell it on why not look here an exchange for Bitcoin or other cryptocurrencies assuming it has a market.
Airdrops are similar to forks in the sense which you get coins out of thin air. Airdrops are usually utilized to spread the word in a certain cryptocurrency. The currency is distributed freely to the general public, although in some situations some conditions can apply.
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 but they can have a peek at these guys be SUPER insecure. I would recommend that you utilize these methods only after ample research and a fantastic understanding of the claiming process.
Weve covered a lot of ways you can earn Bitcoin or even make money with cryptocurrencies. In the end each method has its own pros and cons, some are more insecure while others take a larger amount of effort.
In order to make it much easier for you to review exactly what weve just covered we made a table which illustrates the different approaches (you can view on peak of this post). As you can see theres no simple, risk free way to generate money with Bitcoin. The good news is that it's possible, and if you Web Site 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, simply leave them in the comment section below. And if youve tried out one of the methods previously and want to share your experience with it love to hear it as well.
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