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

Another method I suggest you avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites that promise to double your coins every few days or provide you unreal interest prices.

What these websites really do is take money from new users and use that money to pay off older users. This process creates a great deal of buzz around the site that is apparently untrue and solvent.

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

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This is how a Ponzi scheme functions. 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 produced and a great deal of people will get mad that they have scammed.

We have reviewed many Bitcoin investment sites in the previous 3 decades and have yet to find a website which we can say is  safe to invest in. Any website that promises you something that's 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 for yourself Easy, utilize our Bitcoin scam evaluation 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 originates in the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin as well.

The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The procedure for claiming forked coins (aka forkcoins) is standard however demands an above basic understanding of how Bitcoin works. You can view our fork claiming guide here.

Bear in mind that if youre not sure what youre doing when claiming a forkcoin you could end up losing your Bitcoins. So for most non technical users it'd better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies which assert the coins for you and take a commission but that may easily turn into a scam that runs away with you money. .

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

Airdrops are much like forks in the sense which you get coins from thin air. Airdrops are often used to spread the word about a certain cryptocurrency. The currency is distributed freely to the public, although in certain cases some conditions can employ.

By way of 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 significance of some time method you can use to make money from the Bitcoins but they can be SUPER risky. I'd advise you to utilize these approaches only after ample research and a fantastic understanding of the claiming process.

Weve covered a great deal of ways in which you can earn Bitcoin or even make money with cryptocurrencies. In the end each method has its pros and cons, some are far more insecure while others require a greater amount of effort.

In order to make it much easier for you to review exactly what weve only covered we created a table that illustrates the different methods (you can see on top of this 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 lot of creative ways to create new income flows. .

You might still have some questions. If this is the case, just leave them in the comment section below. And if youve tried out one of these approaches above and want to share your experience this with it Id love to hear it also.

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

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