What Does Exchange Rate Mean in Bitcoin?

[Silent Symphony]

I know exchange rates are basically how much 1 Bitcoin is worth in other currencies like USD or EUR, but I’m still curious—how exactly do you guys use exchange rates in your crypto transactions? Do you check the rate constantly when buying, selling, or transferring Bitcoin? And how do you manage the crazy price swings—do you hold or try to time the market? Would love to hear your thoughts!

 

[Anonymously Known]

I usually check the exchange rate before sending or converting Bitcoin, especially for international transfers. Even a small dip in the rate can make a difference if you’re moving larger amounts. I try to time the market when selling, but it’s tough with how volatile BTC can be. Sometimes, I just hold if the rate seems unstable. How often do you guys monitor the exchange rate—daily or only when you’re about to make a move?