• Skip to main content
  • Skip to primary sidebar

Metacoin

Covering Bitcoin, the Blockchain, Altcoins, and Fintech

  • Start Here
  • Links
  • Disclosures
  • NFTs
  • Collezione

Aug 24 2017

UPDATE: AMBIS Appears to Be Another Crypto Scam

Ambis

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

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.

 

Share this:

  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Written by David Van de Walle · Categorized: AMBIS

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Search This Site

Most Popular Posts

Up Arrows Are Nice

Up Only In 2024?

So far so good for the 2024 Growth Portfolio. Here we are, on the way to another wacky crypto year. And things are looking...up. If … [Read More...] about Up Only In 2024?

Liquidity Machine Go BRRRRRR

If you have a hard time keeping up with the latest in crypto, fintech, or any of the other things that keep the economy moving, join the … [Read More...] about Liquidity Machine Go BRRRRRR

Tweets by TeamMetacoin

Recent Posts

  • Q1 2025 Crypto Update
  • The Ten Best Crypto Investments for 2025
  • So You’ve Made A Little Money…
  • Up Only In 2024?
  • Who Needs an ETF When You Have a Growth Portfolio?

Recent Comments

  • pgxp.fr on UPDATED Control Finance News: Site Down, It’s a Scam
  • Victoria Tegg on Using Coinbase – A Primer for Bitcoin Newbies
  • Victoria Tegg on It’s Not Too Late To Invest in Bitcoin, Ethereum, or…
  • Victoria Tegg on Is it too late to invest in Bitcoin?
  • Victoria Tegg on ETF News: Ethereum, or Bitcoin, or Both?

Archives

  • March 2025
  • January 2025
  • November 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • September 2022
  • June 2022
  • May 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • September 2021
  • July 2021
  • March 2021
  • February 2021
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • September 2019
  • June 2019
  • May 2019
  • April 2019
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017

Categories

  • 5-coin challenge
  • AI
  • Airdrop
  • AMBIS
  • Ampleforth
  • Antshares
  • Avax
  • Bancor
  • Big Banks
  • Binance
  • Bitcoin
  • Bitconnect
  • Bithaul
  • Bitpetite
  • Bitshares
  • Blockchain Startups
  • Bloq
  • BRED
  • Bytecoin
  • CAPY
  • Cardano
  • Celer
  • chatgpt
  • Chile
  • Coin News
  • Coinbase
  • Coinreum
  • Collezione
  • Compound
  • Control Finance
  • Copihue
  • COSS
  • Creditbit
  • Crypto.com
  • CryptoCrash
  • Cryptotini
  • Curve
  • DAI
  • Dash
  • DeFi
  • DeFi Kingdoms
  • Dego
  • Developer
  • Dice
  • Digibyte
  • Dogecoin
  • DYOR
  • Economy
  • Einsteinium
  • Electroneum
  • Empowr
  • ENS
  • EOS
  • Eryllium
  • Ethereum
  • Exchange
  • Exchanges
  • Exscudo
  • Fetch
  • Golos
  • Growth Portfolio
  • Hedge Fund
  • Hexabot
  • HODL
  • ICO
  • Inflation
  • Interview
  • Investing
  • Kimchi
  • Lending
  • Library
  • Liquidity
  • Litecoin
  • MAGIC
  • Manifesto
  • Marketing & PR
  • MCO
  • MegaCryptoPolis
  • Meme Coins
  • Meta
  • Metamask
  • Microhash
  • Mining
  • NFT
  • Non-Fungible Tokens
  • Not Investment Advice
  • NXT
  • Origin
  • Pancake
  • Passive Income
  • PAX Gold
  • Pickle
  • PIVX
  • Portfolio
  • POW Token
  • Quadruple
  • Ripple
  • Risk Management
  • Rivetz
  • Scam Alert
  • Segwit
  • Shrimp
  • SHTF
  • Siacoin
  • Sketches2021
  • Steemit
  • Stellar
  • Stratis
  • Sushi
  • tacos
  • Tax Day
  • Tierion
  • Torcoin
  • Trading
  • Treasure
  • Trezor
  • Tulips
  • Uncategorized
  • Uniswap
  • USI Tech
  • VeChain
  • Vesper
  • Video
  • Whenhub
  • XRP
  • Yearn Finance

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Copyright © 2025 · Altitude Pro on Genesis Framework · WordPress · Log in