Topic: Do crypto exchange rates matter? - page 3. (Read 670 times)
Always monitor or analyzed the price movement if bitcoin become low try to hold it at wait until to become high again because if the price of bitcoin become high you can buy more XRP then wait to sell it in high price but if you buy XRP on its peek price the chances of losing also there.
Exchange rates does matter a lot especially when Bitcoin prices fluctuate between thousands of dollars on an everyday basis. To obtain the highest profit, the buy-in should be timed such that Bitcoin prices could soar but not fall. At this point, profit is guaranteed even if you're exchanging it for something like XRP given that it is doing fairly well.
In India, the exchange prices are messed up at times with a difference of over $1000 between buy and sell margins and this is on one of the most famous exchanges in the country. So yeah, exchange rates do matter a lot.
In India, the exchange prices are messed up at times with a difference of over $1000 between buy and sell margins and this is on one of the most famous exchanges in the country. So yeah, exchange rates do matter a lot.
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 !!
Of course exchange rates matter. The reason why it was shown in a graph and we are always talking about the future rates is because we decide based on the exchange rates. It's crucial. It helps us to analyze and pick the best date to trade. Hence, if you buy at a lower rate, you get higher amount of BTC which in turn you could you use in obtaining more ripple. Just like how much potatoes you could get in the public market if the price cheaper therefore more french fries you could obtain afterwards. Hope i made it simpler with my examples. But i suggest that you hold on to your btc, it is not yet done in increasing its value. What happened in December is just a normal thing during Christmas season.
Since you have little bit knowledge in forex I think you should understand how this works. If you buy bitcoin at $15,000 when ripple is around 0.7dollars you will get more ripple then buying bitcoin at $14,000 for example and get ripple at $1. I think you just have to have a very good indicators before you can actually analysis this market. Good luck.
I think every exchange is not too big difference than the other. maybe it is just different for 1-5 satoshi. this is triggered people to do arbitrage trading by using this different.
for this case, I think it is better to buy bitcoin than ripple because bitcoin is down since a few days ago and yesterday I see the dropped is too far. but if you want to hold ripple for a long time, then you can do after you bought bitcoin.
The differences between the prices on different exchanges can be huge just look at the South Korea exchanges and almost every coin is more expensive there, this allows arbitrage trading but arbitrage trading has a lot of disadvantages that you need to take care, you need to pay the fees between the exchanges, the fees of the banks you need to pay taxes and you have to hope the prices does not change a lot while all this happens. for this case, I think it is better to buy bitcoin than ripple because bitcoin is down since a few days ago and yesterday I see the dropped is too far. but if you want to hold ripple for a long time, then you can do after you bought bitcoin.
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 !!
I think yes because fees can differ in alt coins it can be much cheaper or much expensive it depends bitcoins fees now have gone big so people are looking for some alternative I see atomic swaps are the trend right now because of this sudden increase in the fees that is affecting the market so new players seeing this as a big hurdle to begin with investors are coming but users are decreasing drastic
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 !!
No i think. You get only one way advantage when you buy bitcoin in small price. Its nkt affected to ripple price. Thanks for the replies !!
All coins price in exchange is made by trader, so all depend on how much supply and demand. And it can be lower or higher. If you wish more ripple, just wait till the price decrease.
Yes it matters because if its exchange rate reaches its highest point,that is the perfect time to sell bitcoin. Meaning you will get double earnings once you sold bitcoin the moment it has the highest rate. That is actually the best decision you would ever make.
Yes definitely. Its exchange rate is very important for us. Of course we all want to have something big in return to our coins. We make sure to buy bitcoin in a low price and sell them at a high price. If not, we just keep on holding it for a long term investment so it can double nor triple our coins.
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.
Well. it would be better to hold it and buy more BTC. although it is indeed promising. but BTC will give a profit that levih big and there (when BTC up) you can just sell it. and profits are made sure you will haveDont 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.
The most important to all of us here is is the exchange currency and the high rate of the coin,much better if bitcoin is in cheaper price buy it and keep it because bitcoin has a big chance to rise again and has a potential to increase very high because of it's demand,and ripple is a good coin but make a right decision that you can get a big benefits.
I think every exchange is not too big difference than the other. maybe it is just different for 1-5 satoshi. this is triggered people to do arbitrage trading by using this different.
for this case, I think it is better to buy bitcoin than ripple because bitcoin is down since a few days ago and yesterday I see the dropped is too far. but if you want to hold ripple for a long time, then you can do after you bought bitcoin.
for this case, I think it is better to buy bitcoin than ripple because bitcoin is down since a few days ago and yesterday I see the dropped is too far. but if you want to hold ripple for a long time, then you can do after you bought bitcoin.
Obviously this is very important because the exchange rate that makes the attraction of the coin, the greater the exchange rate then the chances of you getting the benefits will be greater as long as you understand and make the right decision. the exchange rate is also a reference to determine when to buy bitcoins and when to sell them so that the exchange rate determines the future of 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 !!
Thanks for the replies !!
The rate most of the time is the same if we compare the price of bitcoin in usd and price of ripple and the exchange rate btc/xrp, I remember when I bought ripple at 15k satoshis but that doesn't mean that I bought really expensive comparing to the current price of 5-6k because the value of bitcoin in dollars wasn't the same (not even near) with the current price of bitcoin. So I can say that it pretty similar the exchange rate.
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.
Well. it would be better to hold it and buy more BTC. although it is indeed promising. but BTC will give a profit that levih big and there (when BTC up) you can just sell it. and profits are made sure you will have 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.
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 !!
I think it does matter. If the exchange rate is high, the profit from a crypto will not be that high since the demand will be low. Cryptos' market value is proportional with the demand and if the demand is low, the profit from an invested crypto will also be small since high rate of exchange will negatively affect the price of a cryptocurrency. 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 !!
You won't buy more xrp assuming the current prices of xrp on every exchange are the same and haven't moved in both scenarios. The only difference is that you'll spend less.Thanks for the replies !!
It depends on where you'll buy the btc if it's from the same exchange where you want to convert it to xrp then the amount would be slightly higher. Each exchange have different rates keep that in mind.
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 !!
My god it is man it is an obvious consideration or matter that price does matter. What will you do with a half assed price in an exchange if the original price was higher thats just absurd bro. Rates and values matter. Remember it like theres no tommorow cheers. Thanks for the replies !!
Altcoins are really pumping in the last few days as bitcoin start crashing so bad so if your planning to invest in alt you better do them now because as they continue appreciate the chances that you will get higher earnings will be lost if you keep waiting for bitcoin price to go up. I know and I believe bitcoin value will recover soon so I'd rather keep them than buying alts but of course it's my personal opinion you can still do what you want.
There are sk many things that you have to consider in converting one coin to another and that includes the fees and so as the fluctuating rate. Exchnge rate definitely matters since it has a huge imoact on your investment and the exchanges and fees that follows 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 !!
In every wallet and exchange will differs the fees they have. As you think it will move up and down all the time. Don't manipulate the coins you have all the time it will goes the fees reduced all the time you change it.
If you bought XRP with the bitcoin you will find again big bump in the bitcoin price again after the hard fork. Keep change that to btc again soon to avoid your loss on ripple you done.
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