Do crypto exchange rates matter?

[btcmayumana]

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.

[okissabam]

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.

[stryker]

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 !!

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)

[newinbtc]

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 !!

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

[pugman]

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 !!

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.

[unneros]

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 !!

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.

[sp01_cardo]

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.

[Choii]

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.

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.

[thebanker28]

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.

[Ctn]

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 !!

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.

[grandbrad02]

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?

[Freshmen]

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 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.

[Astvile]

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

[Angna27]

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.

[Ranly123]

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.

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.

[CyberKuro]

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 !!

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.

[kryptqnick]

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, 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.

[kkukkugaga]

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.

[Blackhammer321]

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.

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.

[BillCoin]

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 !!

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!.