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  2. Cryptocurrency Ecosystem
  3. Crypto Exchanges
  4. Do crypto exchange rates matter?

Do crypto exchange rates matter?

oliverchloe
2022-10-27 05:58:05
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 !!
Post Reply  
AndreasMAntonopoulos
2022-10-27 05:58:49

Yes it matter because its important for the trading and investing what good at it when you find it just as the same rate?what will you gain then, and what profit will it be to you. Exchange rate is like heart beat to the heart it makes the Bitcoin more interesting and challenging, and beside it's what investor is eyeing it too, they're after it as well. So for me it matters, matters a lot.