Do crypto exchange rates matter?

[BonoWantTheBitty]

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 !!

[1715149641]

1715149641

[nunzio2012]

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.

[chefbauer]

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.

[bitcoinbox]

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.

[Wonder_woman]

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 !!

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

[Sleepy18]

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!

[3la9l_kolbaCa]

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"

[Wittycoin]

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. 

[TheUltraElite]

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 !!

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.

[Alalex]

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.

[dothebeats]

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.

[BartS]

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 !!

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.

[pereira4]

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.

[pixie85]

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.

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.

[AngelSky]

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 !!

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.

[Butchick]

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.

[Pleione527]

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.

[Drixy]

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 !!

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.

[ralle14]

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 !!

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.

[agentx44]

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 !!

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.