If I have $500,000$ in this token can I sell them immediately and get ETH?

whiteblue

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Quote from: acener on June 17, 2021, 06:40:52 AM

As long as there is an open order for it then you could immediately sell it to them.
Every toke could be sold the only question is if there is someone who would buy it.

A very logical question, because most people often forget when they say sky-high prices without remembering who will buy it, because cryptocurrency buyers are not stupid people, because they always know the best cryptocurrency.

zasad@

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

Have you watched your link?
https://coinmarketcap.com/currencies/open-governance-token/holders/

"Holders Statistics
Total Addresses 1,531
Active Addresses 24h No Data

Top 10 Holders 96.74%
Top 20 Holders 97.63%
Top 50 Holders 98.43%"

Who will you sell it to if your tokens are centralized?
There will not be enough liquidity on the exchanges, and you will bring down the price of this token.

newdevices

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

the volume on the market is only $50k dollars, to be precise on Uniswap, yes even though it says $510000,
on Bilaxy it's not real volume, so I just took it on Uniswap, if you have $500k worth in this token,
of course you have to queue up at the order book the exchange

ilovealtcoins

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The number of tokens that you hold is too large, accounting for a quarter of the project capitalization, and the trading volume of this token is quite low. You would be hard-pressed to liquidate all that tokens in a day without much price change, in my opinion, the value of this token will drop by 90% or more. To sell all of the above tokens takes days and a large volume of transactions.
Can only participate in P2P trading to find a buyer for all 500k of your tokens. This is also unlikely to happen.

serjent05

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

This depends on the buy support. If the buy support can accommodate your dump then by all means you can sell your token via ETH pair and depending on the exchange you are using and your account status, you can beable to withdraw it to your wallet. Or else you need to sell your holdings gradually until you have converted all of them to ETH.

traderethereum

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As long as you have that token in your wallet and there is a market to buy and sell the token, you can sell it right away or wait for the high price.
If that token does not have a market, you need to wait until the token is listed on some exchanges.
I see the token has some market, so I guess you can sell it directly using Uniswap, Pancakeswap or even Hotbit.
If I were you, I will sell for some amount and get ethereum while holding for some amount for the next high price.

masterrex

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

If the coin/token that you hold is already liquid meaning it is already traded and has a good trading volume then you can sell it immediately because you have the token in your position so there's no problem with that, anyway one of the most common problems of any project coin/token after the listing is the liquidity and if the coin/token has no liquidity then you cannot sell it immediately.

acener

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

As long as there is an open order for it then you could immediately sell it to them.
Every toke could be sold the only question is if there is someone who would buy it.

Reatim

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

I'm not familiar with this token but if you are still know what's the present status of this then you can still make this to ethereum.

also if there are still market for this coin then why not?

Quote from: huu78 on June 14, 2021, 08:49:18 AM

Of course you can if you have the right tokens and their contracts are the same on every exchange, because there are cases where the tokens can't be sold because their smart contracts have been replaced.
But if you look at the amount you say and the volume in the current marketcap, you can't get it instantly but you can try it to be sure.

but does this coin still alive and in progress?

Renampun

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

...

I see that the token you mean is already listed on several exchanges...

if the token has been listed on the exchange then you can exchange it with an available pair and then buy ethereum with it, but you have to adjust the available trading volume, because the trading volume is still small.

konflikkastil

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It will be very difficult to trade such huge amount at once with the low market cap. And incase you should know that there will be many people of definitely want to sell of theirs too. And probability of selling that might be kind of hard. So what you should do is to sell it off but by bit. And with that you will be able to sell a reasonable amount and put it in ETH. Having $500,000 is not a small money in eth too, but I believe there you be better ways to swap to a more better coins.

Fredomago

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Quote from: Vishnu.Reang on June 14, 2021, 08:52:43 AM

I juts checked the market cap of of this Open Governance Token, and according to Coinmarketcap, it is around $2 million. With such a small market cap, it will be near impossible to sell such a large quantity of tokens at once. Depending on the prevailing liquidity, it may take many weeks. If the demand is low, then there is a chance that the exchange rates can go down by up to 90% or more. And don't go by the daily volumes. In case of the smaller coins and tokens, they are almost always inflated. If the daily trade volume shows a total of $500,000, then in all probability the real number may be 1/10th or 1/20th of this amount.

Good to hear that, If Mitchell will play 100% Jazz have a good chance snatching a game from the host team.
We will see how the adjustments will take place.

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It's really interesting how this series will ends up.

akirasendo17

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why not? if you hold the tokens or it's in your possession, I don't see any reason that you can't sell them, but sometimes those values are fake especially if your holding a fake coin, you will be disappointed if that's the case, I have seen other people saying they have a certain coin with great value but when they try to sell the token, they found out that it's not true or it has a different contract address, in other words, they got scam, the bad thing about that is if you bought it, unlike others who do some airdrops.

tokoorochan

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Quote from: Vishnu.Reang on June 14, 2021, 08:52:43 AM

I juts checked the market cap of of this Open Governance Token, and according to Coinmarketcap, it is around $2 million. With such a small market cap, it will be near impossible to sell such a large quantity of tokens at once. Depending on the prevailing liquidity, it may take many weeks. If the demand is low, then there is a chance that the exchange rates can go down by up to 90% or more. And don't go by the daily volumes. In case of the smaller coins and tokens, they are almost always inflated. If the daily trade volume shows a total of $500,000, then in all probability the real number may be 1/10th or 1/20th of this amount.

this token have enough liquidty to sell current amount, maybe need several days to complete it.

Quote from: target on June 14, 2021, 08:44:06 AM

500k worth of OPEN Token, thats a lot. I think bilaxy will ask for your KYC even ths Hoo. If you want to keep your privacy just go for Uniswap. Transaction might not be seemless but you get the idea of safer data. No idea about the project actually, is it owned or backed by a government?

1.9M of opendao. OP is unsure what to do. Did you invest to this project?

this man should be top holder now, i see its worth around 0,5% from total supply.

Vishnu.Reang

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I juts checked the market cap of of this Open Governance Token, and according to Coinmarketcap, it is around $2 million. With such a small market cap, it will be near impossible to sell such a large quantity of tokens at once. Depending on the prevailing liquidity, it may take many weeks. If the demand is low, then there is a chance that the exchange rates can go down by up to 90% or more. And don't go by the daily volumes. In case of the smaller coins and tokens, they are almost always inflated. If the daily trade volume shows a total of $500,000, then in all probability the real number may be 1/10th or 1/20th of this amount.

Eureka_07

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Quote from: charlieargentina on June 13, 2021, 10:54:50 AM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

Be reminded that you your sell order can only be executed if there is a buy order of more or same value that you've input. Otherwise, it will just wait until someone buys that coin having the particular amount where you'd sell it; it will be listed on sell book of the pair. You can instantly sell it though if there's a buy order on the pair. But it does not mean that you can sell all of those coin in one time. If that coin has very low volume, it's quite safe to say that it will be not easy to sell.

huu78

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Of course you can if you have the right tokens and their contracts are the same on every exchange, because there are cases where the tokens can't be sold because their smart contracts have been replaced.
But if you look at the amount you say and the volume in the current marketcap, you can't get it instantly but you can try it to be sure.

target

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500k worth of OPEN Token, thats a lot. I think bilaxy will ask for your KYC even ths Hoo. If you want to keep your privacy just go for Uniswap. Transaction might not be seemless but you get the idea of safer data. No idea about the project actually, is it owned or backed by a government?

1.9M of opendao. OP is unsure what to do. Did you invest to this project?

UKprod

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Given that the value that you intend to transact is very high and market capitalization of the token is very less, I doubt that you would be able to sell it easily. Further, you would just plummet the token down by selling in such huge quantities. Hence, you would need to carefully dispose off your funds.

Also, there should be enough buy orders in the exchange in order to actually sell off your holdings.

WalkerIVIV

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You can sell immediately and convert your coin to the ethereum at the same day, hour or even minute at the time when you have exchanged it to the ethereum. The only problem is lack of liquidity and you must think about how to solve this problem when you wanna sell your coin. You must think the best strategy to get liquidity

Topic: If I have $500,000$ in this token can I sell them immediately and get ETH? (Read 338 times)