Post
Topic
Board Economics
Re: Do crypto exchange rates matter?
by
Sengoko
on 02/01/2018, 11:24:45 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.
Yeah I will also suggest the same. When there is stability in the price you should buy some bitcoins at lower price and these are golden days for investment in bitcoin because the price is quite low. In the next year predictions says that it will be more than double of today’s rate because of the high volume of investment. When the investment increase the price automatically goes grow more and more.