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 !!
Indeed, the price matters. when you are exchange bitcoin with ripple the exchange has the price of each coin e.g. BTC $18k while XRP $1. Therefore, the exchange will just divide the price of bitcoin by ripples. Thus, with 1 BTC = 18,000 XPR. When the BTC is at $16k you'll get only 16,000 XPR.