11/18 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin Rhodium’s “Self-Correcting” Mining Mechanism Slows Supply, Builds “Buy Wall” Support
Bitcoin Rhodium was built to occupy a unique, LONG-TERM store-of-value niche in the crypto ecosystem – featuring decentralized, POW mining; scarce supply; a high stock-to-flow ratio; privacy; decentralized trading platforms, like FreeMarketOne; and the “Strong Hands” in-kind dividend program. It has a deep, loyal investor community – built to be sustained through good times and bad.
As documented in numerous articles, the Strong Hands program – currently in place for seven more years, that may potentially be cut in half (with higher rewards) – has worked beautifully, in that it is deterred supply from hitting the market. To wit, essentially ALL supply hitting exchanges this year has been from incremental mining – which when operating at peak rates (similar to Bitcoin), is around 360 XRC/day.
However, in the past week, slow markets has resulted in the hash rate weakening – to the point that no more than 50 XRC/day are being mined…which, for a coin whose only use is store-of-value, is absolutely healthy. This is why market supply has slowed – and why the “buy wall” discussed in recent posts has reached its highest point.
When Bitcoin’s bottom is confirmed, I expect a new wave of investment capital to enter the crypto space – that in my view, will coincide with the new year (when 2020 capital allocations are spent, and hedge funds launched), and into the Spring when a potentially historic BTC halving occurs.
When it does, I expect QUALITY altcoins to follow, like XRC – that in turn, will cause the “self-correcting” POW mining mechanism to reverse, with increased mining and mine supply. Ultimately, XRC’s mine reward – already, a scant 2.5/block – will halve, too, sometime in 2022, making supply scarcer and stock-to-flow higher.
Bitcoin Rhodium currently trades on HitBTC, Changelly, p2pb2b.io, WhiteBit, Trade Satoshi, Fat BTC, Sistemkoin and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.