Guys, what part of "algorithms" do you not understand? IT'S GUARANTEED 18X ONE-YEAR PROFIT. My investment advisor, Bernard Madoff, is all over this, and I trust him.

Tibbers said:

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bmks270 said:

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Tibbers said:

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bmks270 said:

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Tibbers said:

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Because of what I posted above. Does ApplePay accrue money over time?

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Yea, for Apple.

So how does Humble make a profit? Selling user data? Selling ads? Transaction fees? User subscription fees?

And what benefit does it give users? It automatically invests or trades their money/crypto?
Is Humble a bank? Is it a trading app like Robinhood?
Is it a crypto wallet that automatically exchanges the different crypto currencies to rebalance and "accrue over time?"

The messaging is not good and the value it provides is not clear.

Who is the target user of the service and Humbl ecosystem? Describe the perfect customer. Most start up products, and new products in general, have a specific problem they are solving and specific customer in mind.

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The specific problem are the fees and opportunity costs by using traditional banking methods. It is difficult for us to understand how expensive it is to transfer funds from one country to another, how long it takes, etc. as we do not regularly have to do so or how awful it is to not trust the bank in your own country. By backing everything on the blockchain this removes all of those obstacles. Will there be transaction fees? Yes, but at negligible cost to the user vs. current. This greatly cuts out competition from banks, to western union to moneygram, etc. Think of day workers sending money back to their families. Think of the time needed and cost needed to transfer funds in that manner. No longer.

The target user is literally everyone on the planet who participates in a marketplace of exchanging goods and services for currency. HUMBL acts as a bank, yes. Is it a crypto wallet? Yes it is. It is all of those things in one actually useable product.

Think for instance, BItcoin is terrific and has made everyone very wealthy; however, what is Bitcoin lacking? Actual application. HUMBL serves to fill that void and bring crypto truly into the global marketplace.

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When everyone is your customer no one is your customer.

It sounds like Humbl is trying to do the same thing as PayPal, but then selling itself as some larger ecosystem and middle man. What will Humbl do that PayPal and Venmo and many other services don't already do?

It has the Fitbit problem that it's competition can immediately imitate it and make its new idea obsolete, but it's much worse because they aren't doing anything new so far as I can tell (except selling trading algorithms, yikes).

Trade your money on the side? That sounds disastrous and extremely risky especially for people who plan to send their money internationally which seems to be the value proposition.

And regarding these automated trading algorithms, what is the 12 month return just holding bitcoin compared to the return of the algorithms? I don't think the claimed profit of these algorithms can be separated from the general rise in crypto prices. And a crypto bear market is going to result in losing algorithms.
Buy and hold would have returned 1,000%, so really the algorithms are just riding the market price appreciation.

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Which is why being first and branding is so important. Can you off hand name 3 Fitbit competitors? Also, this is a multi facet application. You are only dissecting humbl financial. Coupled with everything else, it makes ETX all the more special.

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Fitbit had hype and growth, then competition completely eliminated its uniqueness. The Apple Watch and Garmin created serious headwinds for Fitbit, they can do all of the same things. Go look at the long term Fitbit stock chart.

I thought Fitbit had folded or become the poor man's step tracker at most. I don't know anyone that has one anymore.

Regardless, this HUMBL thing is penny stockish hype to me. Will follow because the tech concepts are interesting but not putting money into this. Seems like a black hole.

Yes you need those accounts and then link them to the HUMBL pay website. Again, your money is only being traded by HUMBL pay not being held by HUMBL pay.

There is still liability. No different from
Stocks. Stocks are held in your name at transfer agent.

Which ETX are you in? I'm in block 5 (BTC, Eth, ADA, LINK, and one other coin) and I'm at -5.67% currently. I got in Saturday morning before the dip though.

Sounds pretty sustainable. And any statistician will tell you that two days is a significant period to measure. In seconds that's over 86,000 data points in your sample size!

Diggity said:

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I'm admittedly skeptical but I like your passion.

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I was reading and thinking the same thing. Tibbers got me excited in the penny stock thread about $CATV this past week after reading his DD so I bought some and what the poster was saying made a lot of sense. It's a penny so it's not much to lose anyway.

This one doesn't register as much with me yet but I'll certainly be watching closely.

IslandAg76 said:

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BLOCK ETXs will be compatible for United States customers who have accounts with Coinbase Pro, Bittrex US or Binance US.

Above is from their website-do I have to have one of these accounts or can I transfer money some other way.

I mean ABML and BMIX did so well, why not?

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Shots fired.

We need to know what the buy and hold value of an equivalent investment would be over the same time period. The posted gains or losses of the algorithms are meaningless without knowing how simply buying and holding the underlying would have performed.

If you want community or robo trading algos, check out tokensets.

I had a guy email me and he only promised 1200%, that probably makes him 600% more reliable than this?

johnnyblaze36 said:

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Diggity said:

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I'm admittedly skeptical but I like your passion.

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I was reading and thinking the same thing. Tibbers got me excited in the penny stock thread about $CATV this past week after reading his DD so I bought some and what the poster was saying made a lot of sense. It's a penny so it's not much to lose anyway.

This one doesn't register as much with me yet but I'll certainly be watching closely.

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I appreciate you reading through what I have posted however. My hope is that with future updates there will be reason enough for y'all to come in.

As a side note, I am very pleased you bought in on $CATV. Sadly, I'm a bit obsessive about research and I really think I found a hidden gem with that company. Here's to success on that front as well!

Pretty cool stuff. have to applaud the effort.

Whether algos give outperformance over simply holding the coin remains to be seen, but it still cool that someone is trying

With a high degree of confidence in your 1200% returns on this platform, why invest anywhere else? I get diversification, however even using risk adjustment to reduce your return potential, It would stand to reason that with a 1200% return, you should be taking out a home equity line of credit, credit card debt, and any other mechanism to get capital to put it all into this platform. If you are anything other than all in, your investment strategy makes no sense... Unless there is some thing I missing. Like for example that you don't think 1200% returns are feasible in the short, medium, or long term.

Don't confuse this too much.

Option 1. Buy Bitcoin and hold it. If you did that over last 12 months. You're up 770%

Option 2. Use humbl algorithm. If you did you're up X% over last 12 months

The bet is that the algorithm will add alpha to a buy/hold strategy.

Past performance isn't indicative of future returns.

That's all this is

It seems the algo uses 5 crypto's based on market cap....and will allocate x% to each in an attempt to avoid picking just 1. And the hope that the group of 5 gives outperformance over buy hold and takes selection risk out.

So, diving more into this this looks like they are setting up the equivalent of crypto index and sector funds as with the traditional stock market.

So, for example, I can invest in high growth crypto or maybe in a sector of crypto that just has use cases built for fast bank transactions. And you pay a monthly fee for them to do this on your behalf.

Am I interpreting this correctly?

Don't worry. I'm not.

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It is factored in. So far the projected returns on block 5 (the one I have signed up on) are as follows:
https://financial.humblpay.com/index/research/bittrex/block5

1,800% in one year using the algorithms.
250% after 3 months and 600% after 6 months.

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My only point is that the above is snake oil. And using it as a selling point is beyond disingenuous.

yes to all that....except think more of it like FAANGM

AAPL
MSFT
AMZN
GOOGL
FB

FunkyKO said:

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yes to all that....except think more of it like FAANGM

AAPL
MSFT
AMZN
GOOGL
FB

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That would be AMAGF.

That's not how acronyms work!!!!!!

NoHo Hank said:

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Don't worry. I'm not.

Quote:

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It is factored in. So far the projected returns on block 5 (the one I have signed up on) are as follows:
https://financial.humblpay.com/index/research/bittrex/block5

1,800% in one year using the algorithms.
250% after 3 months and 600% after 6 months.

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My only point is that the above is snake oil. And using it as a selling point is beyond disingenuous.

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But it's not though. They have tested the algorithms for a year now in other countries that allow it. Those are the posted returns after a year's effort. They aren't making up numbers to persuade you to buy. Those are past returns. Does that mean those are future returns? Time will tell, but to be allowed to operate and cleared by the SEC to move forward in the States you would have to believe the SEC would have wanted proof as well.

That being said, I am biased by my DD in Brian Foote, the HUMBL CEO, and Gary Gensler, the SEC chair. Both are huge believers in crypto and have been for years. Gary taught a class on crypto adoption at MIT back in 2018. Brian was at MIT in 2018 so it's possible the two crossed paths and spoke to one another. Here's the class:

Here's an interview with Brian a year ago at the blockchain summit in Dubai to get a sense of the man:

NoHo Hank said:

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Sounds pretty sustainable. And any statistician will tell you that two days is a significant period to measure. In seconds that's over 86,000 data points in your sample size!

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In Tibbers' case, yeah, 2 days isn't much, but in general it depends on the timescale of the prediction you're trying to make/what you're trying to analyze and any moving averages you're looking for, along with volatility. If you're predicting/analyzing on the scale of seconds, then yeah that's kind of a lot. If you're on the scale of minutes or hours then it isn't.

Think of it like weather. I don't need the last 50 years of data to make a prediction on whether or not it will rain in the next 5 seconds and what the temp will be. I just need to look outside. If I want to make a prediction for the next 5 days or 5 weeks, then yeah I need a lot more data.

This approach seems very tax inefficient. Are they advertising four figure returns net of taxes?

NTXAg10 said:

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This approach seems very tax inefficient. Are they advertising four figure returns net of taxes?

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Net of some/all fees? GIPS certified? Independent audit of returns?

Taxes is a consideration, but I'm not aware of anyone advertising performance net of taxes and I'm fairly certain you aren't required to.

Are these trades going to get caught in the wash sale rules?

That is true. Gensler is a fan. Nice find with the videos

FunkyKO said:

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That is true. Gensler is a fan. Nice find with the videos

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I hope they find you well. Quick update after a week, I am up 5 percent overall. Not a bad return in a week. Nice and steady!