May marked the sixth month of me using Heleum. Hence the Heleum Income Report May 2018 offers several additional insights, such as a review of the past half year, a comparison with the Bitcoin market performance and the answer to the question “Was it worth it to invest with Heleum?”.
It has become the longest Heleum income report to date, and the most valuable.
Note: In case you are new to this, and don’t know yet what Heleum is or does, you should first read this comprehensive Heleum review.
What’s in this article for you:
- Latest stats from my Heleum investment
- News from Heleum v2.0 update
- Comparison Heleum performance vs Bitcoin development
Overview Cryptocurrency Market May 2018
May was an unsuccessful month for cryptocurrency investors. Despite several good news, including Marshall Islands introducing cryptocurrencies as official state currency as first nation worldwide, the price trended downward.
Even Bitcoin broke past the 8,000 USD dollar mark that many had hoped would be its safe base. On June 1, 2018, one Bitcoin is worth 7,574.18 USD.
Top 10 Cryptocurrencies on June 1, 2018. Screenshot taken from coinmarketcap.com.
Heleum News May 2018
May 2018 witnessed the release of the much anticipated Heleum version 2.0. On May 16, my account got upgraded, after “over 5,000,000 hours of simulations with over 40,000 balloons”, to quote the Heleum team.
First of all: Thank you, Heleum team, for all your hard work and effort you put into this.
The new features include:
- Better money management
- Improved market timing on entering cryptocurrencies
- Superior handling of balloon pop gains
- Advanced crash handling (including smart stop losses)
As the team put it, “Heleum is now less risky, more profitable, and better able to adapt to future changes in the cryptocurrency markets.”. They also stated that for the best experience, one should add additional funds to the system, which I duly did. Whether I should have or not, you’ll find below.
Besides launching version 2.0, Heleum also launched a crowdfunding campaign. In case you are interested in funding the project, you can find all details here: heleum.com/seed. Please note the campaign ends on June 7. Investing will make you “own a part of Heleum”, plus grant you a boost for your investments.
Related: 9 ways to make money online
Heleum Income Report May 2018
After the Heleum’s spectacular April performance, May looked different again.
On May 1, my Heleum assets accounted for 1,092 USD. As Heleum’s version 2.0 was about to be released, I added another 3,565 USD on May 5. Hence, I was hoping to increase a total sum of 4,657 USD.
Heleum tried its best, and version 2.0 kicked into gear on May 16, half-way through. Yet, ‘its best’ wasn’t enough.
Today, on June 1, 2018, my Heleum balance is 3,143 USD. That signifies a decrease of 33% – one third down. Despite releasing the new version. Not cool.
Also, not a single balloon has popped yet. And most of them are very far from it. (For me. Other users report first successes.)
Screenshot of my Heleum Account on June 1, 2018.
Of course, this raises the question: Should I have simply put my money into Bitcoin, and left it there? Let’s do the math.
Heleum Income vs. Bitcoin Market Performance
After having used Heleum for six months now, it is time for a market comparison. After all, the idea is to earn more (or lose less) money by letting AI algorithms speculate with my money. So the question is whether Heleum beats the market performance or not.
To compare Heleum against the cryptocurrency market performance, I chose Bitcoin’s price curve as benchmark. The following calculations assume you had 1,000 USD invested into both Bitcoin and Heleum on Dec 1, 2017. Which investment would yield the better results?
Note: The Bitcoin price is tracked with Coinmarketcap.com. The Heleum price is calculated from the changes in my portfolio. This change may differ from other users’ Heleum experiences – for the better or the worse.
Monthly Value Fluctuation Heleum vs Bitcoin
The above table displays the value development of Heleum vs Bitcoin on a monthly basis. All monthly percentages are taking 100% as base reference. If Heleum achieved 152% in April, this means that in April alone the gains amounted to 52%, not that your entire investment of the past months was back in the blacks.
Monthly value development Heleum vs Bitcoin.
Developments are calculated separate per month, not accumulating to one total.
The disillusioning result: Heleum beats the market only 2 out of 6 months, namely in February and in April.
The good news are, these are two out of three months where Bitcoin gained value. This means when the market increases, Heleum increases faster. However, once the market drops, Heleum drops faster as well.
Note: In case you want to retrace where I got these numbers from, here are all my Heleum Income Reports.
Heleum Income vs. Bitcoin Market Performance
Here is all this information packed into one easy-to-understand graph:
This is how your money would have developed if you had invested 1,000 USD each into both Heleum and Bitcoin on Dec 1, 2017.
If you had invested 1,000 USD into Bitcoin on Dec 1, 2017, you’d be left with 742 USD today, on June 1, 2018. That’s about 25% down.
Had you put that money into Heleum, and not done anything with it for six months, you’d have lost 712 USD – almost 75%!
The fact that I ‘only’ lost about half my investment is due to the fact that I re-invested at lucky times.
Hence the question: Was it worth it to invest with Heleum?
Half-Year Heleum Review: Was It Worth It?
Six months into the game, I wonder whether investing with Heleum was worth it or not.
The cold facts: In total, I invested 5,952 USD into Heleum. Today, I am left with 3,143 USD. 2,809 USD simply evaporated into thin air. Almost half of the investment is gone. Not coming back. Big shame. Even thought it was ‘just gambling money’.
Maybe one of the reasons why I am not filthy rich yet. (Or am I?)
Was it worth it to invest with Heleum? From a financial perspective, it is a clear ‘No’.
Then again, I faithfully admit it was my decision. I was aware of the risks which investments yield, and I decided to take the risks. Sure, I could’ve put my money purely on Bitcoin, and would be better off today. But I didn’t, since I couldn’t foresee the future.
I am not blaming Heleum for being a scam or a bad company. On the contrary, being in frequent touch with its founder and CEO Pace, Heleum seems to be a good company, with hard-working people behind it. Just the algorithm they created is not at the stage where investors would like it to be quite yet.
Fingers crossed this will change. And maybe version 2.0 yields some positive surprises for us. As you all (should) know, Heleum is designed to be a long-term investment vehicle.
Related: Think long-term. Plant a tree today. For free!
Will I Keep Investing With Heleum?
So will I keep investing with Heleum? The answer to that one is a ‘Yes‘.
Mainly for these three reasons:
- Firstly, I already lost almost half my investment, so bailing out now would be bad timing.
- Secondly, I don’t consider six months a ‘long-term investment’. I hadn’t planned to remove my money within the first 3-5 years, and I’m not changing that plan today.
- Thirdly, the stats above prove that Heleum makes money faster than investing into Bitcoin alone when the value of cryptocurrencies increase. I believe crypto value will rise over time, so Heleum is a good bet for me.
As both Heinz Ketchup and Guinness already said in their ad campaigns:
“Good things come to those who wait.”
Heinz & Guinness. Great combo.
In case you agree, feel free to start investing with Heleum today.
Heleum Income Outlook June 2018
Looking at my May outlook in April’s Heleum Income Report, I must admit I was completely wrong. Bitcoin’s price decreased and Heleum’s version 2.0 didn’t skyrocket my balloons.
The only thing I was right about was that one fact I can control myself: The promise to keep you updated on all the latest developments with my newsletter.
So for June, let me be more careful. Currently, I cannot wholeheartedly recommend investing with Heleum, as much as I’d love to. I still like the idea, and the project, and the team surely works darn hard to make things work.
However, the above review shows that so far Heleum is losing money, even more than a Bitcoin hodl strategy would lose. Whether version 2.0 will fix this in the upcoming weeks and month, I do not know, but I’ll happily let you know how things proceed.
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Disclaimer: As always, none of this is official investment advice, just my personal opinion. Should you decide to invest with Heleum, please do so responsibly.
Interesting. Thanks for the details. Shrimpy is another app I have been trying that seems to do a good job of being a set-it-and-forget-it app. But it takes a rebalancing approach instead of moving in and out of fiats.
Thanks RainMan, good hint. Shrimpy does look interesting indeed, I’ll need to look into this a little closer.
Currently cannot find a statement how they finance their services, as they state they wouldn’t charge any fees… do you have any insights here?
Thank you!
This was well thought out and took a lot of time to put together.
My thought, however, is that the performance comparison isn’t the best comparison.
I say that because of what we’re comparing: Bitcoin vs Heleum.
However, Heleum didn’t invest in 100% Bitcoin; it had substantial investments in altcoins, most of which feel faster and further then Bitcoin.
Saying that you’re comparing Heleum to “the market” (Bitcoin) is like saying that you’ll compare a broad based mutual fund to the market when the “market” is Apple (only).
That’s not to say that the comparison is invalid; if you’re comparing Heleum and Hodl-ing Bitcoin, maybe it’s better to hold Bitcoin…at least for now.
But many people like myself aren’t holding just Bitcoin… We’re building portfolios or even cryptocurrency indexes. Perhaps it’s better to compare Heleum to one of these?
Again, very detailed analysis… Just thought a more exact comparison would be better.
Hi James, thanks for your feedback and the ideas, sounds interesting indeed.
I also like your idea of tracking Heleum against a broader market comparison. However, then of course it’d be hard to determine which index to use, since everybody builds a different portfolio.
The idea of above comparison is to see whether it’d be more beneficial to put money into Heleum, or to invest into Bitcoin via a Wallet and keep it there. Those seem the easiest options for ‘lazy’ investors. Active investors surely have a lot of more opportunities how to spread their coins.
Thanks for your kind words – much appreciated. I’ll look into how to further improve the value of the coparisons in the future.
It’s not hard to “determine which index to use” as you put it. People who regularly trade in the cryptocoin market, such as myself, routinely use well-recognized standard indices such as those from MVIS when tracking performance and longer mid-term analysis.
Thanks Mike, very valuable suggestion – I’ll look into this for future comparisons.
Thank you!