2/21 ANDY HOFFMAN (CryptoGoldCentral.com): BRhodium’s Risk/Reward Profile
In investing, all alternatives must be considered in terms of the risk undertaken in search of superior returns. To that end, it’s possible to be an inferior asset, but have a superior risk/reward profile to far less riskier assets. The reason being, that in times of extreme undervaluation – as many altcoins are amidst today, care of a 14-month bear market – risk is more than compensated for by price.
In BRhodium’s case, I believe its fundamental outlook is superior to the vast majority of altcoins. However, it is clearly amidst its “post listing overhang” – having dropped from an (actively traded) OTC high of $31 in late December, just before exchange listings occurred - to roughly $6 today.
It’s built-from-scratch blockchain has operated flawlessly, with a breakeven level for most miners of roughly .0004 BTC, all but ensuring continuous support for the foreseeable future. Plus, new features are being constantly added – per today’s announcement that web wallet 2.0 has been released in public testnet. The source code is scheduled to be released by the end of March, and is expected to be compliant with Trezor.
CMC listing has not occurred because of new, arbitrary volume requirements – but trading on p2pb2p has been brisk, just as Bisq was prior to the p2pb2p and Sistemkoin listings. Thus, it’s just a matter of time before CMC listing occurs.
The (anonymous) dev team is also working on enhancing the Strong Hands in-kind dividend program; and per the current road map, adding privacy features by the end of June. This, as it continues to discuss listing with new exchanges. In other words, there are many potential near-term catalysts to drive investment demand.
Re: the “post listing overhang,” clearly there are holders from the free airdrop who know nothing of, nor care about, BRhodium’s fundamentals - who were simply waiting for exchange listings to sell. Many had no idea OTC trading was brisk before the listings, or even that a Discord chat room existed.
This indiscriminate selling reached the peak of irrationality last week, when someone hit a “stink bid” at .0002 BTC. Since then, the price has crept back up, with a quite obvious “buy wall” having formed at .0005, based on showing OTC and p2pB2B bids – which it appears, may have stealthily crept above .001.
Assuming .001, that gives BRhodium a market cap of just over $3 million – which interestingly, STILL makes it the 480th most valuable crypto on CMC.com, of 2,080. Irrespective, a $3 million market cap has little room to decline – so selling now is essentially assuming BRhodium will go to zero. Which, given the aforementioned features and catalysts; and more than a year of development and community-building; in what appears to be a recovering crypto market, no less; seems an extremely low probability event. In other words, BRhodium’s risk/reward profile is as strong now, in my view, as at any time in its history.
Consider that if you want to sell 1,000 XRC (BRhodium’s ticker) now – i.e., 1/1,000th of all XRC outstanding - you’d likely get about 1 BTC in return. Also, that if you are in possession of 1,000 BTR, you either received it in the 10/1 airdrop by owning 100 BTC, or acquired it at prices between $3 and $30. In other words, wealthy enough to handle a bit of risk.
To that end, considering all of the above, do you think the risk/reward profile of holding 1,000 XRC is superior, or inferior, to one $3,900 Bitcoin?
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.