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.