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Weve tested out several loans here at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from this specific method.
Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are sites which claim to double your coins every few days or provide you unreal interest rates.
These sites really do is take money from new users and use that money to pay off older users. This process makes a great deal of buzz around the site that is apparently untrue and solvent.
On top of this, they almost 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 can go on for around 3-4 months until one day the site will just go offline and the money will be gone. No more payments will be made and a lot of people may get mad that they got scammed.
We've reviewed several Bitcoin investment sites in the previous 3 decades and have yet to find a site that we can say is  secure to invest in. Any website that promises you something that's too good to be true is probably just a facade for individuals trying to steal your coins. .
How can you find out if a website is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to acquire a fair assumption about a websites validity.
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 process 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 .
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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 that assert the coins for you and have a commission but this may easily turn into a scam that runs away with you money. .
Once you maintained a forkcoin you can sell it he said on an exchange for Bitcoin or alternative cryptocurrencies assuming it's a market.
Airdrops are much like forks in the sense that you get coins out of thin air. Airdrops are often 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 employ.
By way of 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 could possibly be the maximum value for time method you can use to create money from the Bitcoins however they can be SUPER risky. I'd advise you to utilize these methods only after considerable research and a fantastic understanding of the claiming process.
Weve covered a lot of ways you can earn Bitcoin or make money with cryptocurrencies. In the end each approach Multiplier Your Bitcoins has its pros and cons, some are more insecure while others take a greater amount of work.
In order to make it much easier for you to review exactly what weve only covered we made a table that illustrates the different approaches (you can see at the peak of the post). As you can see theres no easy, 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 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 approaches above and want to discuss your experience with it love to hear it as well.
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