(first post here)
I have been reading on phs for awhile now and decided to get into it with the new client release (which actually syncs at least 10 times faster on my laptop, thank you for that ^^). The thing is i don t have any mining hardware and mining doesn't attract my attention that much so i don't plan on buying anything for that.
So there is my question: is it possible to actually buy some phs right with euros €, or do i have to buy bitcoins then trade thoses bitcoins for philosopherstones and do the opposite when i want to cash out?
And do i have to pay attention to bitcoin exchange rate? (if it drops, does the rate on phs drop too? or is it independant)
Anyway i'm still decided to get my and on some phs
thank you.
Hi, Glad it's faster for you, I like the quick start-ups.
You can acquire PHS at the exchanges listed on the first posts, and yes only for BTC at the minute, however plans are in place to add PHS to a USD>ALT>USD (direct) exchange in the future.
And yes a good example when PHS made its 150x price run based in BTC, BTC was also up, so in this way PHS works as a bit of leverage. This works both ways it seems So I guess you can view it as a sort of leverage on BTC (which is what all alts are to different degrees)
hope this helps.