How to calculate value of pair but in opposite direction

How to calculate value of pair but in opposite direction

I am new to trading so my question might seem obvious or stupid to some but here goes.

Exchanges often quote crypto pairs in a specific order, i.e. ETH/BTC but not very often (if at all) BTC/ETH. Also XRP/BTC but not BTC/XRP.

What if someone wants to buy BTC by selling XRP or ETC. Is it possible? If yes, how is that value calculated?

e.g. looking at ETH/BTC on Binance today the value is $8,101.82. What if I want to buy BTC from ETH (i.e. BTC/ETH), how do we calculate that value given the prices an exchange gives on ETH/BTC?

Thank you.

https://ift.tt/2I4XdQJ

Comments

Post a Comment

Popular posts from this blog

Tor proxy on Electrum, what does Port: 9150 and 9050 mean?

Tor proxy on Electrum, what does Port: 9150 and 9050 mean? The first time that i installed Electrum i navigated to Tools->Network->Proxy i saw there a checkbox "Use Tor proxy on port 9050", i had a problem with my OS so i had to reinstall my OS, Electrum and Tor, and now instead of "port 9050" it's "port 9150". I think that it's because i'm using the Tor Bundle, as said on this electrum docs , downloaded from here: https://www.torproject.org/projects/torbrowser.html.en#linux i want to know what is the difference between the port "9050" and "9150". And if i'm fine using the "9150". https://ift.tt/2T0EvmY
Read more

Can we see Blockchain decentralized data like a mathematical duality or morphisms between representations?

Can we see Blockchain decentralized data like a mathematical duality or morphisms between representations? I prefer to think BLOCKChain in mathematic spaces formulation because we need to understand what is in mathematic terms this 'de-centralization' before. I find this what is decentralization and Wiki-decentralized blockchain My idea is that 'de-centralization' it is not as it appears so I start to use Category Theory to un-lock this 'blocks concept' because there is something that does not come back to me in all this 'inviolability' because we talk about just a simply P2P way (nodes, data,transactions..) 1 propagation 2 over a network 3 but the underlying layer is to the extend that this propagation is represented like a math object and now is useful also to talk about Feynman Propagator of a Scalar Field 1 : like algebraic varieties or manifolds 2 : in this case we talk or Action Functional or about Group Action 3 : This remember in math s...
Read more

How to use Bitssa to your advantage?

How to use Bitssa to your advantage? Bitssa is a global multi-cryptocurrency exchange that provides you the unique opportunity to trade your cryptocurrency with cryptocurrency and also fiat currency with cryptocurrency. All you need to do is sign up on Bitssa , complete the registration formality, create a wallet address and start trading on the market page. Get wallet free of cost as soon as you signup with bitssa . We are not makers and takers our users decide the price on the exchange. Instant execution of your orders as soon as your price matches. Try Bitssa and you will love it. Also, For better experience, try the Bitssa mobile app. https://ift.tt/2LvrgC7
Read more