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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 particular 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 provide you unreal interest prices.
What these sites really do is take money from new customers and use that money to pay off older users. This process creates a great deal of buzz around the site that is apparently legit and solvent.
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This is the way a Ponzi scheme works. This can go on for around 3-4 months until one day the site will only go offline and the money will be gone. No more payments will be produced and a great deal of people will get angry that they have scammed.
We have reviewed several Bitcoin investment websites in the previous 3 years and have yet to find a site which we can say is  secure to invest in. Any website that promises 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 whether a site is a scam for yourself Easy, use our Bitcoin scam test tool to acquire 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 from the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin as well.
The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The procedure for claiming forked coins (aka forkcoins) is standard but demands an above fundamental understanding of how Bitcoin works. You can view our fork claiming guide .
Bear in mind that if youre not sure what youre doing when claiming a forkcoin you might end up losing your Bitcoins. So for most non technical users it'd better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which assert the coins for you and take a commission but this could easily turn into a scam which runs off with you money. .
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Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it has a market.
Airdrops are similar to forks in the sense which 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 public, although in some situations 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 significance of time method you can use to make money from the Bitcoins but they can be SUPER insecure. I'd recommend that you use these approaches only after ample research and a fantastic understanding of the claiming process.
Weve covered a lot of ways in which you can earn Bitcoin or make money with cryptocurrencies. In the end each method has its own pros and cons, some are more insecure while others require a larger amount of effort.
In order to make it much easier for you to review what weve just covered we made a table which illustrates the different methods (you can see on peak of this post). As you can see theres no simple, risk free way to make money with Bitcoin. The fantastic news is that it's possible, and if you put some effort into it you can find a great deal of creative ways to create new income flows. .
You might still have any questions. If this is the case, simply leave them in the comment this content section below. more tips here And when youve tried out one of these approaches above and want to share your experience with it Id love to hear it my latest blog post as well.
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Every day, Bitcoin the cryptocurrency and Bitcoin the technology becoming more popular. When in 2011 you had to write a person from another continent to purchase a pizza for you with Bitcoins, now you can certainly do something similar to that in a number of important cities. In certain countries such as the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often called the Bitcoin city) now with a range of services available for people that are willing to pay with BTC.