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. Its 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. Thats the simplest calculation here. If you remember the quantity plus prices relation then you will come to know its important at what rates you getting the bitcoin. It will also increase the profits in further stages of ripple investment.