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, the exchange rate of cryptocurrencies is important, especially if you want to trade bitcoin-altcoin.
But, it's better to buy bitcoin at $16K, waiting it rise to $18K and then buy more xrp, you will get more profits at the moment as xrp price seems on bulls run across the global exchanges, maybe can reach $5 in 2018. On the other hand, bitcoin price seems not increase significantly in the last few days but tend to decline. When the time comes, xrp will fall and the funds will be back to bitcoin again.