Ah, the dreaded “Forbidden 403 Error.” One of these, which appeared this morning as we logged into AMBIS:

So in the past few days, we’ve gone from “it’s interesting, we’ll watch it, tread lightly” to “we can no longer recommend it” to “THE SITE IS DOWN.”

Background:

We ran a piece last week called the ABCs of Passive Crypto Income. In it, we talk about three businesses that we thought had the potential to help you enhance your crypto holdings.

Those three were the ABCs – AMBIS, Bitconnect, and Control Finance. Those are AFFILIATE LINKS for Bitconnect and Control Finance, and we continue to recommend them.

AMBIS, however, started to lose our confidence rather quickly; despite showing a video on their site about “compounding interest” and implying that you can compound your BTC holdings, they seemed to change terms on the fly, and held onto your Bitcoin principal permanently. You won’t get it back.

We removed all affiliate links, updated the post above, and began the process of getting as many of the BTC we had earned in interest out of this system.

Good thing – right now, it appears that the AMBIS system is a scam, a sham, and is out of business.

The Same Warning Stands…

And we should probably extend that warning to ICOs, too – a good number of these Initial Coin Offerings are devoid of even BUSINESS PLANS; they amount to the late 90s cocktail napkins that turned into IPOs.

The warning we’re talking about is this:

• Do your own research
• Don’t invest more than you can afford to lose
• Seek advice and counsel from tax and investment professionals
• Don’t put all your eggs in one basket
• And don’t go crazy.

As for Our Holdings…

We had a tiny sum with AMBIS, and we’re happy to take one for the team. We’ll continue to share our experiences – “warts and all” – with these systems and programs.

Stay tuned for more.