Big fan of DOT. Strong reputation and fundamentals.
trilliondollar
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@AlwaysBeLearning, Not really sure as the industry as a whole is becoming quite unpredictable. But my estimate would be that it happens within 2021
AlwaysBeLearning
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@trilliondollar, due to industry volatility I was hoping to sell in a few weeks to manage the risk.
Also, you recommended TSNP a while ago. I never bought in because I felt the company looked a little shady tbh. Now I've missed out on a 8x gain :(
Don't know why I'm sharing this... I guess I wanted to say thanks for putting out the great signals.
trilliondollar
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@AlwaysBeLearning, You're welcome :) It's good to be cautious with companies like TSNP indeed. They did bought over this TSNP to use as a shell for acquire HUMBL Pay so the due diligence should have been done on Humbl Pay instead of TSNP. Kind of a weird situation so wouldn't expect anything less than a shady impression. If it ever pulls back significantly maybe you can consider again.
AlwaysBeLearning
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@trilliondollar, oh, I did look over HUMBL and also felt they looked a little shady. Like no traction, outdated website, sleezy looking leadership team. Maybe I just didn't get what the hype was about. Sure, they do payments, but there are a tonne of other more credible plays with long standing reputation in this market. What particularly gave you confidence in their fundamentals?
trilliondollar
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@AlwaysBeLearning, The CEO and management team itself. The CEO's former company was Block 30 LABS which was the "Best North America Startup - 2019" at World Blockchain Summit. The HUMBL financial piece is basically just a reflection of Block 30 Labs work, which has won awards and been a work in progress for significant amount of time already.
The fundamentals are non-existent since they aren't revenue generating yet and has no product, it's just the business model (copying of various proven models into one) and clear timeline + deliverables. A shady company probably would not have an entire year of clear deliverables listed out from Q4 2020. Plus they are invested by George Sharp which is commonly an exposer of otc frauds & advisor to otc market. Another clue is that they have mentioned that they will not dilute, if they are out for money scams they'll probably just keep diluting and taking money. Instead they had warrants for Forwardly Inc. Many clues as to why it's not truly shady.
Of course it's still pure speculation on how well they might do but the likelihood of them being a scam is pretty low compared to other penny stocks
AlwaysBeLearning
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@trilliondollar, yeah, I saw the CEO credentials this time, and they look good. I think somehow I missed it last time. Still, to hit 7B value with no product is insane right?
trilliondollar
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@AlwaysBeLearning, Yep a bit insane, I'd be lying if I said it's expected lol. In my own post I was expecting $0.15 rise to $1 in 9 months. They kind of exceeded expectations with their launch of humbl financial to >100 countries alongside blockchain's tailwind. Anyway in today's market where SPACs with no products/no merger target is getting extremely high valuation it shouldn't be too much of a shock. To be fair they did have humbl Studios way back in Dec.
The total addressable market of humbl is really huge though, and in comparison to Square or Paypal which has a smaller addressable market but way higher valuations I think it's reasonable. Hopefully it will see a healthy correction
Big fan of DOT. Strong reputation and fundamentals.