Keep up the good work.
Thank you for clearing this confusion 🙂
A BIT = 1/100th of a Bitcoin (currently)
Which would mean that 1 XRP is equal to 100,000 BITS ($10,000). Or it could be equal to 0.1 BTC ($400). It all depends on how much US Dollars or other fiat currency you want to trade at one time. The number is arbitrary and not important as long as the ratio works well within your trading strategy. If you want to buy more than $400 worth of XRP per week (let’s say) then the XRP price must come down enough to make it worth your while; remember that there is no inside information inside Ripple & Co.; the market doesn’t know that we’ll need an extra $400 worth of XRP – they don’t know what we’re going to need either and if we take too much then next week maybe we’ll need less and vice versa. Let’s face it: making accurate predictions about crypto value isn’t easy so don’t worry if your initial plan was wrong, just adapt next week!
I know I’m talking in circles! But I hope this clears things up… This question has been asked many times before so here’s another round:A BIT = 1/100th of a Bitcoin (currently)Which would mean that 1 XRP is equal to 100,000 BITS ($10,000). Or it could be equal to