1/22 ANDY HOFFMAN (CryptoGoldCentral.com): BRhodium – The Meaning of “BRODLing”
Over a 30-year career – 20 of which, I had enough money to personally invest – here are the most obvious trades I have come across.
Selling my stocks in April 2000, and staying out of the market until May 2002;
Going all-in Precious Metal miners in May 2002;
Selling my miners in June 2011, in lieu of physical bullion;
Buying Bitcoin in January 2016;
Buying BRhodium when its MainNet launched in October 2018; and
Buying BRhodium today - at its current, unfathomably ridiculous $6 million market cap
Regarding the last, I have seen a lot in my “crypto career” – and in the altcoin space, VERY few projects meet the “investable” criteria I have honed over 30 years’ time. In BRhodium’s case, it was valued as high as $25 million just three weeks ago – and nearly $20 million last week, before completely immaterial technical issues associated with its Sistemkoin listing (mostly, due to Sistemkoin personnel not working during the weekend) caused investors to “panic”…and slam the market cap to as low as $4 million in just over 24 hours.
Comically, less than 1,000 BTR traded on its 70% plunge – compared to the 150,000+ that traded on its way up. The reason being, that the nature of BRhodium’s float – held principally by Bitcoin whales and “Strong Hands” investors – causes it to be highly illiquid, as so little is actually sold. Remember, just 825,000 are outstanding (in reality, closer to 770,000) - with a lifetime cap of 2.1 million that will take 100 years to be reached.
By “Strong Hands,” I mean the unique crypto-dividend program that rewards holders annually for not having negative balance movements in their BTR wallets. In essence, it’s like a “staring contest” for BTR holders – as if everyone sells but you, your BTR holding will increase 30% each year.
As the largest XRC (BTR) OTC trader – or close to it – I can tell you unequivocally that NOTHING is being sold by XRC investors…with the only day-to-day sales coming from small miners funding operations.
To that end, I was just told by one of the biggest miners that at current prices, the cost of mining has fallen all the way to .0013 BTR/BTR. In other words, the BTR blockchain – which is operating near all-time peak efficiency – will be supported no matter what happens to price…getting stronger and stronger, with more and more participants.
As BRhodium is in my view, the best pure store-of-value coin in the altcoin universe, it’s – as I wrote this morning – inevitable that new whales swoop in to buy at this historically cheap level, to BRODL for years to come!
If you have any questions about BRhodium, or XRC OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.