Do crypto exchange rates matter?

[btcjocan]

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. 

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.

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[Stedsm]

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 !!

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.

[Sengoko]

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.

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.

[cybersofts]

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 !!

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.

[Tonyfredzy]

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.

[Shenzou]

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 !!

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.

[tdrinker]

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 !!

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.

[carlfebz2]

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 !!

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.

[salayog01999]

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.

[JinCrypts]

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.

[Pintasak]

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 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

[maydna]

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.

[Deathgamer]

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.

[shezu007]

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.