Quote from: pinkman12345 on September 24, 2014, 05:15:21 PM

Quote from: somebits on September 24, 2014, 04:54:57 PM

Quote from: pinkman12345 on September 24, 2014, 04:37:59 PM

I commented a few pages ago about 17k being rock bottom, how foolish i was. Are we now seeing a bottom price of 8k instead, or is there further to fall. Discuss.

I don't know but I'd argue that even if your only purpose was speculation, your horizon would still need to be a little longer.

True, it is brand new i know this. One fact i can't figure out is this, if i had transferred my money into BTC, why would i then transfer it to SLG to pay for things, when the places i am using SLG already accept BTC? surely all i'm doing is wasting the money im saving by using a cryptocurrency on exchange fees? if not more

Hi Pink,

First off because the value is lower with Sterling then bitcoin, transaction fees will be smaller, also the focus will be around the UK initially but also to expand into other countries. Bitcoin is the global digital currency. Sterling works with Bitcoin and not competing against it. Sterlings aim will also to be to teach the masses about cryptos with a brand they can identify with.

Transaction speeds are also a lot faster(but so are a lot of other coins) so not a advantage over some other coins but it is faster then bitcoin.