Post
Topic
Board Economics
Re: Do crypto exchange rates matter?
by
nunzio2012
on 21/12/2017, 04:58:43 UTC
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.