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Weve tested out many loans at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to stay away from this particular method.
Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites that claim to double your coins every few days or provide you unreal interest rates.
What these sites actually do is take money from new customers and use that money to pay off old users. This process creates a great deal of buzz around the website which is apparently untrue and solvent.
On top of that, they nearly always have some sort of referral program so that consumers can bring their friends on board.
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This is how a Ponzi scheme functions. This will go on for around 3-4 months until one day that the site will only go offline and the money is going to be gone. No more payments will be produced and a lot of people may get angry that they got scammed.
We've reviewed many Bitcoin investment sites in the previous 3 years and have yet to find a site that we can say is  secure to invest in. Any site that guarantees 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, use our Bitcoin scam test tool to get a reasonable assumption about a websites legitimacy.
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 before 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 much more. The procedure for claiming forked coins (aka forkcoins) is standard but requires an above fundamental understanding of how Bitcoin works. You can see 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 could end up losing your Bitcoins. So for many non technical users it'd better to Resources pass on a fork and keep your Bitcoins safe. Other alternatives include companies that assert the coins for you and take a commission but that may easily turn into a scam which runs off with you money. .
Once you maintained 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 that you get coins out of thin air. Airdrops are usually used to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain situations some conditions can employ.
By way of 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 highest significance of time method you can use to make money from your Bitcoins however they can be SUPER risky. I'd advise you to use these methods only after considerable 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 approach has its own pros and cons, some are 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 which illustrates the different approaches (you can view on peak of the 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 get more put some effort into it you can find a lot of creative ways to make new income streams. .
You may still have some questions. If so, just leave them in the comment section below. And when youve tried out one of the methods above and want to share your own experience with it Id love to hear it also.
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