How does ALTCOIN/BTC pair exchange work? Please advise

[btcwish1]

Hi Friends,

I am a bit confused about how to track ( understand)  Altcoin/BTC pair work in the exchange. 

For example, If I want to exchange XRP to BTC  when will be the best time to do it?  Is it when both XRP and BTC price increases or XRP price increases and BTC price decreases ( which may never happen) ?

In the coinmarket cap if I change the currency to BTC then will it be good time to exchange when XRP price is in green or red to get more BTC

I have always exchanged altcoins to USD  so I am a bit confused about BTC pair.

Many Thanks

[1714778244]

1714778244

[1714778244]

1714778244

[jossiel]

If you're doing it and wanting to have it on BTC then you need to make sure that you get more BTC/mbtc/sats because your plan looks like you want to stack more bitcoin.

That's all you need to consider, you should earn more bitcoins in quantity than looking at it in USD value. But that's always at par and depending to the pricing of the exchange you're trading.

If that's still unclear, you need to determine first your plan. What you've said of getting more bitcoin while it's on red is the good strategy if you're plan is what I've said above.

[btcwish1]

If you're doing it and wanting to have it on BTC then you need to make sure that you get more BTC/mbtc/sats because your plan looks like you want to stack more bitcoin.

That's all you need to consider, you should earn more bitcoins in quantity than looking at it in USD value. But that's always at par and depending to the pricing of the exchange you're trading.

If that's still unclear, you need to determine first your plan. What you've said of getting more bitcoin while it's on red is the good strategy if you're plan is what I've said above.

Thanks for your reply. Yes that's exactly my plan is, to accumulate more BTC.  So, I will get more BTC when the price is in Red in coinmarketcap if I change the currency to BTC?  In the coinmarketcap I see XRP  is 3.65% down.  So I will get more BTC now in compare to when XRP price show UP?





So comparing the two images, when will I get more BTC?  My apologies, I am just not clear on this.

Thanks

[jossiel]

When you've taken the second screenshot? The below one. Well, regardless of the percentage of its down, you already have the metrics of how much bitcoin you'll get upon selling one XRP.

And with that, you have to choose which makes you get more bitcoin.

So, I will get more BTC when the price is in Red in coinmarketcap if I change the currency to BTC?  In the coinmarketcap I see XRP  is 3.65% down.  So I will get more BTC now in compare to when XRP price show UP?

Coinmarketcap is your just another basis and market comparison but you still need to check the exchange where you're trading. And the answer to your question is yes. You'll get more when the market is red. That's why there's the philosophy of "buy low, sell high". You buy at low/red because you get more.

[CuriousGeorge]

Hi Friends,
I am a bit confused about how to track ( understand)  Altcoin/BTC pair work in the exchange. 
For example, If I want to exchange XRP to BTC  when will be the best time to do it?  Is it when both XRP and BTC price increases or XRP price increases and BTC price decreases ( which may never happen) ?

It should be when XRP gets pumped more than bitcoin and you can get more bitcoin for your pocket. When XRP pumped more than bitcoin and you can expect the bullish that happened with bitcoin will be nothing.
The thing that you mentioned above was true but it's rarely to see that bitcoin is loosing against XRP. The only chance for you waiting for the pump to exchange site into the bitcoin.

[btcwish1]

When you've taken the second screenshot? The below one. Well, regardless of the percentage of its down, you already have the metrics of how much bitcoin you'll get upon selling one XRP.

And with that, you have to choose which makes you get more bitcoin.

So, I will get more BTC when the price is in Red in coinmarketcap if I change the currency to BTC?  In the coinmarketcap I see XRP  is 3.65% down.  So I will get more BTC now in compare to when XRP price show UP?

Coinmarketcap is your just another basis and market comparison but you still need to check the exchange where you're trading. And the answer to your question is yes. You'll get more when the market is red. That's why there's the philosophy of "buy low, sell high". You buy at low/red because you get more.

Thanks for reply. But I am still not very clear, I am afraid. If you check 1st picture we see XRP=0.000024 BTC and down percentage is 3.65%.  In the 2nd Picture XRP=0.000023 BTC and down percentage is 4.75%. 

Is my understanding correct as per your reply, the more percentage it's down  the more BTC I would get? If that's the case I would get more BTC when I exchange during the time of 2nd picture? 

But the amount of BTC, XRP=0.000024 BTC is higher in the 1st picture even though the percentage ( 3.65%) is lower?

 So which situation will determine the amount of BTC I would get? Is it the actual amount mentioned such as XRP=0.0024 which is MORE than XRP=0.000023 or the percentage?

I hope my question is clear?

Thanks

[jossiel]

I understand your confusion and what makes you worry. But AFAIK, that percentage that CMC is showing is a daily basis, I just don't have an idea if it's per hourly moving so it really varies if you will rely on the percentage.

Look at the quantity of how much bitcoin you'll get if you're about to trade. That will make it easier for you and in that case, obviously you'll have to choose the 0.000024 BTC than the other. As I'm telling you it depends and varies on the exchange you're trading.

Not all exchanges are depending on the exchange rate of CMC, that's why it will depends on your trading time and what's the situation of the market by that time.

[Lhaine]

Why making it difficult? Do it in USDT pair they are different pair and not favorable for you if you will use BTC pair. But if I will give you suggestion Everytime Bitcoin increase that's the right time  buy xrp in that case you will receive morethan the amount you can buy when the price is cheap  and because it's also pairing with usdt you will see the big difference.

[FaucetKING]

It's quite easy to understand the process, i think that alot of folks tried to help but no issue, i'm going to make it easy for you.
If you are having interest in buying XRP when interacting with the pair XRP/BTC then you might want to buy when the price of XRP is more low and you'll sell it when the price of XRP in satoshis went up.
IF you have interest in getting BTC, then you will wait for XRP to get up in terms of satoshis and then you sell XRP for BTC to get the best Value in Bitcoin.

[serjent05]

I think the market adjusted according to each value, such as altcoin equivalent USD value and Bitcoin equivalent USD value.  It is best to convert altcoin if there is no change in the altcoin market while the Bitcoin market is crashing.  That way, an altcoin will cost more satoshi even though the equivalent USD value of the altcoin does not change.  And it is not good to convert an altcoin if it is not rallying while Bitcoin is surging fast.  You will end up with less Bitcoin that way.

[ice18]

I always look at the market value of XRP for example as you said in your post if XRP price increase then its the best time to exchange in btc because the value of it in btc also increase thats simple dont make things so complicated there are more simple ways convert to usdt first when xrp price increase and wait for btc to go down then buy at dip always buy at dip you need patience.

[btcwish1]

BTC is down more than $1k but still I see XRP=0.000023BTC.   May be it's because with BTC price, XRP was down as well?  Most of the time this will be the case.  There is no way that BTC is crashing and ALT is going up.

So, does it mean, no matter what happens most of the time XRP/BTC price will remain almost same???

[HerbertMarcel]

Here is a smart and easy solution. If you like to exchange A to B then it will be exchanged with A running price. Because A was in your treasure and at a time you have been exchanged your treasured coins. If I more clarify, Suppose A is in red and B is in green, then if you like to exchange A to B then you will get A types red value of all not B types green value. Because A coin was in your reservation.