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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 High Yield Investment Programs also known as HYIPs. These are sites that promise to double your coins every couple of days or give you unreal interest rates.

These sites actually do is take money from new customers and use that money to pay off older users. This process makes a great deal of buzz around the website which seems to be untrue and solvent.

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On top of this, they nearly always have some type 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 longer payments will be produced and a great deal of people will get mad that they have scammed.

We have reviewed several Bitcoin investment websites in the past 3 years and have yet to find a website which we can state is  secure to invest in. Any website that promises you something that's too good to be true is likely only a facade for individuals trying to steal your coins. .

How can you find out if a website is a scam to get yourself Easy, use our Bitcoin scam evaluation tool to get a fair assumption about a websites legitimacy.

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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 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 requires an above basic understanding of how Bitcoin works. You can see our fork claiming guide here.

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 customers it would better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that claim the coins for you and have a commission but that may easily turn into a scam which runs away with you money. .

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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 that you get coins from thin air. Airdrops are often utilized 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 freely to Bitcoin users depending on the amount of Bitcoins they owned.

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To conclude, forks and airdrops may be the maximum value for some time method you can use to create money from your Bitcoins but they can be SUPER insecure. I would advise you to utilize these approaches only after ample research and a good understanding of the claiming process.

Weve covered a lot of ways in which 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 greater amount of work.

In order to make it easier for you to review exactly what weve only covered we created a table which illustrates the different approaches (you can view on top of the informative post post). As you can wikipedia reference see theres no easy, risk free way to make money with Bitcoin. The fantastic news is that it is possible, and if you put some effort into it you can find a lot of creative ways to make new income flows. .

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

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

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