Bitcoin Forum

Ok so I have to buy BTC and trade it for XRP in order to obtain some Ripple. Knowing how the forex market works, im wondering if I bought my BTC at 16k instead of 18k, would I be able to afford more XRP compared to buying BTC at 18k? or is it the exchange rate constant?

Thanks for the replies !!

As you are changing fiat - btc - ripple, you must check the BTC/XRP price like the monitored price here: https://coinmarketcap.com/currencies/ripple/

As long as the BTC/XRP price doesn't move, it's better to buy the Bitcoin cheaper.

If bitcoin is down, just like it is now, i dont know why you are selling your bitcoins to buy ripple instead of keep holding them for a while.
Dont you see that bitcoin is always recovering from it's dumps? You really need to consider this, ripple is a good coin, but it will never be as bitcoin.

Not sure you are giving a good advice.

At the moment, bitcoin is lower than what it was a few days ago and most of the altcoins are higher than a few days ago.
Even if bitcoin recovers from its dump, Ripple might easily go up another 25% in the next few days, so what do you win?

You want to buy Ripple with Bitcoin? Do it now instead of guessing the future price of BTC and XRP.

Well, if you know that bitcoin will drop out then its turn to buy bitcoin because we all know that bitcoin now is the king of all crypto so it is better to have bitcoin and also to have XRP

Ofcourse the cryptocurrency exchange rate matters! Because if it doesn't have any value or all of them have the same amount of value, there will be no discrepancy and all will be centralized! Also their will be no exchange rate that will happen in this cryptoworld! Ofcourse we have to have the coin that has a lot of value right, so that we can exchange that altcoin to a much higher value or potential investment. With this exchange rate, trading follows! we want to trade our highly valued coins into much cheaper coins for investments or we will buy a stock so that value we invested might bring us more profit. if all altcoin will have the same exchange rate, do you think they will be interested to other coins? ofcourse not right? That is why exchange rate is very important!

yes of course that is the essence of trading the rates of it. well you can monitor any of that two in the coinmarket cap that site you can see the difference of it when it comes to rates. btc is now in the low rate it is called " opportunity now"

Ofcourse,  if you are a trader, crytocurrency's exchange rate matters because trader buy if cryto's rate is low and sell if the rate is high. 

First the forex market and the crypto market are different - dont confuse the two as something similar. However talking about exchange rates if the base currency is BTC (in most crypto exchanges BTC,ETH and USD are base) then the exchange rate will be based on BTC. So if BTC price is high at a certain instant then the amount of altcoin (XRP) that you are buying will be more for that specific moment.

Exchange rates are not constant - I suggest you to look into any crypto exchange and get a feel of the whole platform yourself.

The value of crypto currency is very important, it is related to the exchange of crypto money ..

If there is no value of crypto currency then there is no meaning crypto money without money value, so we just waste time to trade, because it is considered worthless ..

The world has a way to change one's economy by opening a crypto currency exchange service where crypto money applies to the world, by exchanging cryptopun currencies bringing results to all..

In trading we can look for profits from crypto money trading and there are still many ways to earn its currency.

Now is a good time to buy BTC and also a good time to buy XRP, knowing that the BTC/XRP hasn't moved upwards and the BTC/USD keeps getting down due to BCH and other alts rising. It really matters a lot since a few hundred satoshi change on a certain crypto could spell a much more expensive buy in terms of BTC/crypto rate. That is how other people get profit: from the continuous changes on the crypto market against BTC.

I would suggest that you create a spreadsheet to make the calculations for you since it can get complicated very quickly, now answering your question if the price in bitcoin for each XRP did not move but the price of bitcoin in dollars went down then yes you will get more XRP but the most likely scenario is that if the price in dollars went down the price of XRP in bitcoin will go up as a result and it will balance out in the end.

https://coinmarketcap.com/currencies/ripple/

Look at the green line, look at the orange line, and then understand how there are huge divergences between USD valuations and BTC valuations. If you are going to trade against BTC, then focus on BTC valuation.

I would hold BTC, maybe this is the end of the dip.

It's always wise to do the analysis, read other peoples predictions and then decide. Take it all slow, don't rush it.
Go to tradingview, read what other people are predicting. Every idiot can buy high and sell low and Bitcoin is already down, it won't go much lower. I wouldn't sell it now especially that the lightning network is coming into play.

In every wallet and exchange will differs the fees they have. As you think it will move up and down all the time. Don't manipulate the coins you have all the time it will goes the fees reduced all the time you change it.
If you bought XRP with the bitcoin you will find again big bump in the bitcoin price again after the hard fork. Keep change that to btc again soon to avoid your loss on ripple you done.

There are sk many things that you have to consider in converting one coin to another and that includes the fees and so as the fluctuating rate. Exchnge rate definitely matters since it has a huge imoact on your investment and the exchanges and fees that follows it.

Altcoins are really pumping in the last few days as bitcoin start crashing so bad so if your planning to invest in alt you better do them now because as they continue appreciate the chances that you will get higher earnings will be lost if you keep waiting for bitcoin price to go up. I know and I believe bitcoin value will recover soon so I'd rather keep them than buying alts but of course it's my personal opinion you can still do what you want.

My god it is man it is an obvious consideration or matter that price does matter. What will you do with a half assed price in an exchange if the original price was higher thats just absurd bro. Rates and values matter. Remember it like theres no tommorow cheers.

You won't buy more xrp assuming the current prices of xrp on every exchange are the same and haven't moved in both scenarios. The only difference is that you'll spend less.

It depends on where you'll buy the btc if it's from the same exchange where you want to convert it to xrp then the amount would be slightly higher. Each exchange have different rates keep that in mind.

I think it does matter. If the exchange rate is high, the profit from a crypto will not be that high since the demand will be low. Cryptos' market value is proportional with the demand and if the demand is low, the profit from an invested crypto will also be small since high rate of exchange will negatively affect the price of a cryptocurrency.

Well. it would be better to hold it and buy more BTC. although it is indeed promising. but BTC will give a profit that levih big and there (when BTC up) you can just sell it. and profits are made sure you will have

The rate most of the time is the same if we compare the price of bitcoin in usd and price of ripple and the exchange rate btc/xrp, I remember when I bought ripple at 15k satoshis but that doesn't mean that I bought really expensive comparing to the current price of 5-6k because the value of bitcoin in dollars wasn't the same (not even near) with the current price of bitcoin. So I can say that it pretty similar the exchange rate.

Obviously this is very important because the exchange rate that makes the attraction of the coin, the greater the exchange rate then the chances of you getting the benefits will be greater as long as you understand and make the right decision. the exchange rate is also a reference to determine when to buy bitcoins and when to sell them so that the exchange rate determines the future of the coin.

I think every exchange is not too big difference than the other. maybe it is just different for 1-5 satoshi. this is triggered people to do arbitrage trading by using this different.

for this case, I think it is better to buy bitcoin than ripple because bitcoin is down since a few days ago and yesterday I see the dropped is too far. but if you want to hold ripple for a long time, then you can do after you bought bitcoin.

The most important to all of us here is is the exchange currency and the high rate of the coin,much better if bitcoin is in cheaper price buy it and keep it because bitcoin has a big chance to rise again and has a potential to increase very high because of it's demand,and ripple is a good coin but make a right decision that you can get a big benefits.

Yes definitely. Its exchange rate is very important for us. Of course we all want to have something big in return to our coins. We make sure to buy bitcoin in a low price and sell them at a high price. If not, we just keep on holding it for a long term investment so it can double nor triple our coins.

Yes it matters because if its exchange rate reaches its highest point,that is the perfect time to sell bitcoin. Meaning you will get double earnings once you sold bitcoin the moment it has the highest rate. That is actually the best decision you would ever make.

No i think. You get only one way advantage when you buy bitcoin in small price. Its nkt affected to ripple price.
All coins price in exchange is made by trader, so all depend on how much supply and demand. And it can be lower or higher. If you wish more ripple, just wait till the price decrease.

I think yes because fees can differ in alt coins it can be much cheaper or much expensive it depends bitcoins fees now have gone big so people are looking for some alternative I see atomic swaps are the trend right now because of this sudden increase in the fees that is affecting the market so new players seeing this as a big hurdle to begin with investors are coming but users are decreasing drastic

The differences between the prices on different exchanges can be huge just look at the South Korea exchanges and almost every coin is more expensive there, this allows arbitrage trading but arbitrage trading has a lot of disadvantages that you need to take care, you need to pay the fees between the exchanges, the fees of the banks you need to pay taxes and you have to hope the prices does not change a lot while all this happens.

Since you have little bit knowledge in forex I think you should understand how this works. If you buy bitcoin at $15,000 when ripple is around 0.7dollars you will get more ripple then buying bitcoin at $14,000 for example and get ripple at $1. I think you just have to have a very good indicators before you can actually analysis this market. Good luck.

Of course exchange rates matter. The reason why it was shown in a graph and we are always talking about the future rates is because we decide based on the exchange rates. It's crucial. It helps us to analyze and pick the best date to trade. Hence, if you buy at a lower rate, you get higher amount of BTC which in turn you could you use in obtaining more ripple. Just like how much potatoes you could get in the public market if the price cheaper therefore more french fries you could obtain afterwards. Hope i made it simpler with my examples. But i suggest that you hold on to your btc, it is not yet done in increasing its value. What happened in December is just a normal thing during Christmas season.

Exchange rates does matter a lot especially when Bitcoin prices fluctuate between thousands of dollars on an everyday basis. To obtain the highest profit, the buy-in should be timed such that Bitcoin prices could soar but not fall. At this point, profit is guaranteed even if you're exchanging it for something like XRP given that it is doing fairly well.

In India, the exchange prices are messed up at times with a difference of over $1000 between buy and sell margins and this is on one of the most famous exchanges in the country. So yeah, exchange rates do matter a lot.

Always monitor or analyzed the price movement if bitcoin become low try to hold it at wait until to become high again because if the price of bitcoin become high you can buy more XRP then wait to sell it in high price but if you buy XRP on its peek price the chances of losing also there.

Yes ofcourse. It definitely matters all the time. Exchange rates of many particular coins and tokens matters especially to those who are in the trading section or to those bitcoin and other cryptotokens or cryptocoins holders because the exchange rate is important for them to know when they are needed to sell or to buy it. Its just a matter of pump and dump of token.

I think with the current bitcoin prices are down and the decision you will do is to buy BTC to exchange it with XRP is a pretty good strategy in trading. so your decision to do that I think is quite reasonable for a purpose so you can get Ripple. and it is true that the crypto exchange rate is very important to conduct another trading activity. because I think the exchange rate of crypto will greatly affect the profit you will get with what you will do now is buy BTC at 16k price and to exchange it with XRP is a pretty good strategy because of course you will be able to get more XRP .

Wow, yes, without the exchanges and without the rates, how the fuck are you supposed to trade or exchange the altcoins that you want to acquire? there wouldn' t be any way to do so..
Without exchanges = no cryptos.

I also think so, despite the current decline in selling points, but maybe this is only temporary, and will soon rise again afterwards. so if we hold it and continue to buy it, at the right time then we will get more profit.

Yah, Of course. Crypto exchange rates really matter because people do make their decisions in terms of their investments with the standing of crypto exchange rates in the market.  The lower its rates, time to hold for a while then when the exchange rates gets high, people will tend to sell for a greater profit of capital.

many people are taking a wrong decision by selling the crypto they have. according to them the price of the crypto has reached its peak but continues to soar, just as someone who had a lot of Bitcoin in years ago when the price was so low

Rate it's not constant, It is changing every minutes.
Depend on market demand and supply, some example when value XRP going high otherwise it could be value Btc was going fall, rate will. This rates are going happen to same other coins, that's way of some people taking profit by doing trading from this.

Rate is not constant that’s a known fact but it also depends on how much XRPnis worth by the time you buy it. So most likely it does not really matter if you bought btc at 16k or 18k, because if XRP is dumping then you’ll buy a lot of XRP coins rather than when it is pumping.

There is almost no constant exchange rate. It is necessary to carefully monitor the quotes and the schedule to get the most profitable transaction for the exchange (sale / purchase)

is it the exchange rate constant?
no exchange rates are not constant price changes every second , sometimes ripple price high and btc rate down or it may be opposite.
Exchange rates of bitcoin matter you may get more xrp where bitcoin price is less , in this case we need to do deep research and compare the rates to usd and the we can estimate which exchange is cheap.

Every exchange BTc XRP rates are different as par market buying selling we can observe this at coincapmarket website

It depends you know. If the price of btc/xrp increases, then you'll get less. Even if you buy at 18k the, amount of xrp you'll get will be less because you get less bitcoin. Suppose you buy bitcoin at 16k and you trade xrp with a higher price, then the obviously you'll get less xrp even though you'll get more bitcoin, you'll get less xrp due to increase in the price of Xrp.

This is not possible because the price of the altcoin will be balanced when the bitcoin increases or decreases so that its value is not lost. If it is not balanced, the crypto market has become chaotic.

Yes cryptocurrency exchange rates matters especially in traders and investors. When the value of bitcoin become low then thats the time of some people will buy bitcoins then sell them when the time comes the value of it became high.

Yes i agree that bitcoin is recovering for his price from dumps. And i think it will continue to grow when this year 2018 comes, and that's my opinion. Anyways, It's make sence for me that you said ripple is a good coin but it will never be as bitcoin, and i agree on that.

Exchanges are right now a really important part of the eco-system. Without them there wuld be no real world measure of what many of the cryptocurrencies are worth or ways to exchange them. Longer term they may fade into the background, but for now thety are needed as a bridge.

Obviously you will get more ripple if you bought the BTC at lower rates of USD. It’s not just about the exchanger rate but also about the quantity that you receive when you speak about the coins here. At lower USD you will be able to get more BTC for the same USD amount which you were going to spend at 16k as well as 18k per BTC. This continues further for the ripple also. So with less price of BTC which you bought you will have more BTC and thus with more BTC you can absolutely get more XRP. That’s the simplest calculation here. If you remember the quantity plus prices relation then you will come to know it’s important at what rates you getting the bitcoin. It will also increase the profits in further stages of ripple investment.

Yes, i'm confused about this question too. Why bitthumb the market of Koreans have the high price of Bitcoin ? Can we sell Bitcoin over there?

I think the exchange rates are not constant because they take their transfer fee in bitcoins and it depends on the price of that day. I suggest you should wait for some more time because the price is decreasing continuously and at the end of this year it may less than 15k.

Then you can buy bitcoin and as the next year starts the price will grow rapidly because the people will take decision in start of the year and many will plan for the whole year.

If you bought bitcoin @16k lets say you will obtain more bitcoins rather than buying @18k mark.Simple math.But the changes varies on what is the price of the coins you will be buying if it will be on pump them you can afford less just like what will happen in bitcoin.Its just the vice versa thing

Yes it matter because its important for the trading and investing what good at it when you find it just as the same rate?what will you gain then, and what profit will it be to you. Exchange rate is like heart beat to the heart it makes the Bitcoin more interesting and challenging, and beside it's what investor is eyeing it too, they're after it as well. So for me it matters, matters a lot.

I think he is considering on transfering his investments from bitcoin to ripple. Thus ripple has a good reputation as of today since it surpass ethereum as the second reliable cryptocurrency now. Dont get me wrong about this idea but it is reality that there might be altcoins that will follow the path of what bitcoin has achieved, because everyday the world changes and so as the digital world where cryptocurrency exist.

Yes, the exchange rate of cryptocurrencies is important, especially if you want to trade bitcoin-altcoin.
But, it's better to buy bitcoin at $16K, waiting it rise to $18K and then buy more xrp, you will get more profits at the moment as xrp price seems on bulls run across the global exchanges, maybe can reach $5 in 2018. On the other hand, bitcoin price seems not increase significantly in the last few days but tend to decline. When the time comes, xrp will fall and the funds will be back to bitcoin again.

First, you can buy ripple without turning to bitcoin first if you have a USD/KRW on a card. If you buy btc first then you spend more dollars when you buy bitcoin for $18k instead of $16k. Yet then you have a stable amount in btc (say, 0.01) which you then spend to buy xrp. At this stage it doesn't matter how much bitcoin is worth in dollars, what matters is solely the relation between btc and ripple. You can go to coinmarketcap and set the prices in bitcoin to see what's the change in marketcap and then see whether your investment was successful.

Yes it matters, most especially if you're a trader.You cannot just buy and sell if crypto is low. You must consider the exchange rate so that you'll gain from trading or investing. If the rate is low, then you can buy but you can't sell. Thus, if the rate is high then you can sell or trade.

Ofcourse. Especually to those token holders. Most of the times of the token holders are those who are joining in different signature campaign, a bounty signature campaign. The value or the exchange rates really matters for them because it is their way of earning. Trading of tokens is their way of earning here.

It all depends on the XRP/USD price, it doesn't matter at what price you bought your bitcoins, but it does matter what was the price of XRP when you purchased it.


Usually altcoins go up against the USD when bitcoin goes up against it, they slightly lose value against the bitcoin, but you will still be able to buy less XRPs for your money if you purchased it when the bitcoin was high.
Also, consider buying the XRPs with fiat directly, it is possible as most of the exchanges now days, and  it might save you some fees, it is worth checking out!.

You're right. Because if you will not care about the cryptocurrency rate, how can you gain,  right? It is really needed just like for example in a business, just like the rate of bitcoin it is very important because if you will buy the products as expensive, of course you also need to sell it as expensive so you can have profits because you will lose money if you will sell it lesser than the price of it when you bought it.

Every exchange consists of different rates, not just for Bitcoins but altcoins too. So, buying Bitcoins at 16k will probably get you more coins than what you could get at 18k, so you will obviously get more XRP too. There's no constancy and rates always differ from exchange to exchange. Check coinmarketcap for both Bitcoins and XRP's current value as well as go to "Markets" to see the list of exchanges where you can purchase them, see the difference and then decide, which one suits your needs.

Yeah I will also suggest the same. When there is stability in the price you should buy some bitcoins at lower price and these are golden days for investment in bitcoin because the price is quite low. In the next year predictions says that it will be more than double of today’s rate because of the high volume of investment. When the investment increase the price automatically goes grow more and more.

Indeed, the price matters. when you are exchange bitcoin with ripple the exchange has the price of each coin e.g. BTC $18k while XRP $1. Therefore, the exchange will just divide the price of bitcoin by ripples. Thus, with 1 BTC = 18,000 XPR. When the BTC is at $16k you'll get only 16,000 XPR.

Yes it matters, if you exchange by to xrp when NYC is high, you get more xrp.

However, the value of dollar conversation remains the same unless dollar itself changes at the time of transaction. For example, if you're buying a $1,000 worth of xrp with that equivalence in btc, you still get $1,000 worth of coins in xrp but *minus the transaction fee.

Just take a second and think this over, buying bitcoin right now at whatever price it is and holding it will surely get you more profit than buying ripple, because of how much bitcoin is popular and how high its price is when there is an increase in price it goes up by a hunders of dollars and somtimes thaousands, while with ripple it is still new and who knows how much it will take to make decent profit from it, i say quality over quantity, there is a much more profit to be made with bitcoin rather than ripple.

Sure you're probably right but that's not what he asked, actually I don't really know what he asked. Sounds like he's saying does the price of bitcoin in usd matter. If so then what is important is the bitcoin to ripple price, probably it would increase if bitcoin went down in price but at the same time ripples price can change.

He didn't really able to clarify on which conversion he do mean BTC/XRP ~ XRP/BTC -/- BTC/USD~ XRP/USD. Most of the time when bitcoins price drops and the price of XRP did just retain to its price on btc form then for sure you would really earn more Ripple since you do have if we do base if bitcoins price value or digits but it would just correlate if price of ripple would go into opposite direction too.

It matters. You need to monitor of the rates are decreasing because if you sell your BTC when it is decreased, you will gain a lower profit that's why it is important to know the rates of currency.

Buy bitcoin in a cheaper price so that when the time comes when bitcoin pump that ratio of BTC/XRP will be advantageous for bitcoin since if it raises its price the exchangeof BTC to XRP will be more profitable.

Yes it matters of course because it doesnt value on all of them have thesame ammount of value There will be no discrepancy all will be centralized there will no exchange rate that will happen in the cryptomarket.Btc price is high at a certain instant the ammount of altcoin.Its always good to the analysis .In every wallet and exchange will differ they have

I think it's good if every crypto exchanges have different rates so we can use for arbitrage trading but it will depend on the coin that will have a fast transaction. besides that, with different rates, I think it will give people a chance to buy and hold for the increase of the price or they can send it to another exchange to make a profit. but I don't do this with bitcoin and with slow transaction confirming because it's only waste my time and I can miss the time to sell the coin.

Absolutely.Crypto exchange rates really matter.All your profit will depends on the exchange rate.The higher the exchange rate the bigger you can earn that is the reason why you really need to monitor from time to time the movement of the rates if you want to earn big.

I believe it's great if each crypto trades have diverse rates so we can use for arbitrage exchanging however it will rely upon the coin that will have a quick exchange. other than that, with various rates, I figure it will allow individuals to purchase and hold at the expansion of the cost or they can send it to another trade to make a benefit. be that as it may, I don't do this with bitcoin and with moderate exchange affirming on the grounds that it's just waste my opportunity and I can miss an opportunity to offer the coin.