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JBowsNose

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JBowsNose

Re: None

Friday, 12/29/2017 2:57:08 PM

Friday, December 29, 2017 2:57:08 PM

Post# of 667
Question:

I transferred some BTC from Coinbase into Binance and bought some XRP/BTC. As the value of BTC changes, does the USD value of my XRP/BTC change?

Example:
I transferred $1000 worth of BTC and bought 1000 XRP/BTCs at a $1 each when BTC price was 14K. If BTC price increases to 16K, how does this change the USD value of my 1000 units of XRP/BTC?

I’m sure this has been discussed previously, but I was wondering if anyone would be so kind to answer again for me in the most laymen way possible as I am a rookie to this world.
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