Topic: Do crypto exchange rates matter? (Read 670 times)
I believe it's great if each crypto trades have diverse rates so we can use for arbitrage exchanging however it will rely upon the coin that will have a quick exchange. other than that, with various rates, I figure it will allow individuals to purchase and hold at the expansion of the cost or they can send it to another trade to make a benefit. be that as it may, I don't do this with bitcoin and with moderate exchange affirming on the grounds that it's just waste my opportunity and I can miss an opportunity to offer the coin.
Absolutely.Crypto exchange rates really matter.All your profit will depends on the exchange rate.The higher the exchange rate the bigger you can earn that is the reason why you really need to monitor from time to time the movement of the rates if you want to earn big.
I think it's good if every crypto exchanges have different rates so we can use for arbitrage trading but it will depend on the coin that will have a fast transaction. besides that, with different rates, I think it will give people a chance to buy and hold for the increase of the price or they can send it to another exchange to make a profit. but I don't do this with bitcoin and with slow transaction confirming because it's only waste my time and I can miss the time to sell the coin.
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 it matters of course because it doesnt value on all of them have thesame ammount of value There will be no discrepancy all will be centralized there will no exchange rate that will happen in the cryptomarket.Btc price is high at a certain instant the ammount of altcoin.Its always good to the analysis .In every wallet and exchange will differ they have Thanks for the replies !!
Buy bitcoin in a cheaper price so that when the time comes when bitcoin pump that ratio of BTC/XRP will be advantageous for bitcoin since if it raises its price the exchangeof BTC to XRP will be more profitable.
It matters. You need to monitor of the rates are decreasing because if you sell your BTC when it is decreased, you will gain a lower profit that's why it is important to know the rates of currency.
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 !!
Just take a second and think this over, buying bitcoin right now at whatever price it is and holding it will surely get you more profit than buying ripple, because of how much bitcoin is popular and how high its price is when there is an increase in price it goes up by a hunders of dollars and somtimes thaousands, while with ripple it is still new and who knows how much it will take to make decent profit from it, i say quality over quantity, there is a much more profit to be made with bitcoin rather than ripple.Thanks for the replies !!
Sure you're probably right but that's not what he asked, actually I don't really know what he asked. Sounds like he's saying does the price of bitcoin in usd matter. If so then what is important is the bitcoin to ripple price, probably it would increase if bitcoin went down in price but at the same time ripples price can change.
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 !!
Just take a second and think this over, buying bitcoin right now at whatever price it is and holding it will surely get you more profit than buying ripple, because of how much bitcoin is popular and how high its price is when there is an increase in price it goes up by a hunders of dollars and somtimes thaousands, while with ripple it is still new and who knows how much it will take to make decent profit from it, i say quality over quantity, there is a much more profit to be made with bitcoin rather than ripple.Thanks for the replies !!
Sure you're probably right but that's not what he asked, actually I don't really know what he asked. Sounds like he's saying does the price of bitcoin in usd matter. If so then what is important is the bitcoin to ripple price, probably it would increase if bitcoin went down in price but at the same time ripples price can change.
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 !!
Just take a second and think this over, buying bitcoin right now at whatever price it is and holding it will surely get you more profit than buying ripple, because of how much bitcoin is popular and how high its price is when there is an increase in price it goes up by a hunders of dollars and somtimes thaousands, while with ripple it is still new and who knows how much it will take to make decent profit from it, i say quality over quantity, there is a much more profit to be made with bitcoin rather than ripple. Thanks for the replies !!
Yes it matters, if you exchange by to xrp when NYC is high, you get more xrp.
However, the value of dollar conversation remains the same unless dollar itself changes at the time of transaction. For example, if you're buying a $1,000 worth of xrp with that equivalence in btc, you still get $1,000 worth of coins in xrp but *minus the transaction fee.
However, the value of dollar conversation remains the same unless dollar itself changes at the time of transaction. For example, if you're buying a $1,000 worth of xrp with that equivalence in btc, you still get $1,000 worth of coins in xrp but *minus the transaction fee.
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 !!
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.
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 !!
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.
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 !!
Thanks for the replies !!
Every exchange consists of different rates, not just for Bitcoins but altcoins too. So, buying Bitcoins at 16k will probably get you more coins than what you could get at 18k, so you will obviously get more XRP too. There's no constancy and rates always differ from exchange to exchange. Check coinmarketcap for both Bitcoins and XRP's current value as well as go to "Markets" to see the list of exchanges where you can purchase them, see the difference and then decide, which one suits your needs.
Ofcourse, if you are a trader, crytocurrency's exchange rate matters because trader buy if cryto's rate is low and sell if the rate is high.
You're right. Because if you will not care about the cryptocurrency rate, how can you gain, right? It is really needed just like for example in a business, just like the rate of bitcoin it is very important because if you will buy the products as expensive, of course you also need to sell it as expensive so you can have profits because you will lose money if you will sell it lesser than the price of it when you bought it.
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 !!
Thanks for the replies !!
It all depends on the XRP/USD price, it doesn't matter at what price you bought your bitcoins, but it does matter what was the price of XRP when you purchased it.
Usually altcoins go up against the USD when bitcoin goes up against it, they slightly lose value against the bitcoin, but you will still be able to buy less XRPs for your money if you purchased it when the bitcoin was high.
Also, consider buying the XRPs with fiat directly, it is possible as most of the exchanges now days, and it might save you some fees, it is worth checking out!.
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 !!
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.
Yes it matters, most especially if you're a trader.You cannot just buy and sell if crypto is low. You must consider the exchange rate so that you'll gain from trading or investing. If the rate is low, then you can buy but you can't sell. Thus, if the rate is high then you can sell or trade.
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 !!
First, you can buy ripple without turning to bitcoin first if you have a USD/KRW on a card. If you buy btc first then you spend more dollars when you buy bitcoin for $18k instead of $16k. Yet then you have a stable amount in btc (say, 0.01) which you then spend to buy xrp. At this stage it doesn't matter how much bitcoin is worth in dollars, what matters is solely the relation between btc and ripple. You can go to coinmarketcap and set the prices in bitcoin to see what's the change in marketcap and then see whether your investment was successful. Thanks for the replies !!
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 !!
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.
If bitcoin is down, just like it is now, i dont know why you are selling your bitcoins to buy ripple instead of keep holding them for a while.
Dont you see that bitcoin is always recovering from it's dumps? You really need to consider this, ripple is a good coin, but it will never be as bitcoin.
Dont you see that bitcoin is always recovering from it's dumps? You really need to consider this, ripple is a good coin, but it will never be as bitcoin.
I think he is considering on transfering his investments from bitcoin to ripple. Thus ripple has a good reputation as of today since it surpass ethereum as the second reliable cryptocurrency now. Dont get me wrong about this idea but it is reality that there might be altcoins that will follow the path of what bitcoin has achieved, because everyday the world changes and so as the digital world where cryptocurrency exist.
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