If I have $500,000$ in this token can I sell them immediately and get ETH? - page 2.

blue Snow

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

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/
and get money in eth same day?

I don't find compare OPEN/ETH, Most pair USDT. you can't sell it immediately to ETH. In this case, you have to exchange to USDT first then USDT to ETH. Bilaxy exchange has a big volume, you can easily compare it fast without waiting for a long time, however, you should proof KYC. at least you have to go to uniswap but, you must prepare a higher fee.

ashmodeus

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LOL , if u sell everything , with low Market cap , i am not sure u will get 500k usd like u say , no one will tank the live price with huge amount. i even think if u send it to central exchange , the bots of that exchange will close their buy order . and the price going down with even no real trade.

blackened515

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$500,000 trading volume on the coin is enough to hold such coin, but the coin is not popular and not trending at the moment, imo, it's would be good to sell off that coin and have a good quantity of Bnb and litecoin, these are only the available coin to receive a massive profits at the moment and are kind of cheap this period. What do you think?

Dr.Osh

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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?

depending on the volume of the coin. if the volume is sufficient, I think you can get it or close to that nominal. however, if the volume in the market is not that much, I'm not sure you can get it, because it depends on how big the wall on the sell menu is.

Meta anggraini

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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 bet you cant do that since its lack of liquidity on the market, but if you in rush i think you can dump the market but you will not receive that much.

tabas

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Quote from: Luqman on June 13, 2021, 06:29:57 PM

Wow, it is very risky to buy that kind of coin with that huge amount.

It is risky but he doesn't have to buy but it's possibly that he just randomly bought that coin and saw that the value has grown. Something like this usually happens when someone invests and looking for a coin that no one is aware of. But I think he did it on a purpose of really investing on it and did well on it.

Luqman

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Wow, it is very risky to buy that kind of coin with that huge amount.
Yes, you can convert your token into ETH in the exchange.
For the exchanges themselves, you can choose the lists as here:
https://coinmarketcap.com/currencies/open-governance-token/markets/
There are some ways to convert. If you choose UniSwap, you can trade Open into WETH or USDT because there is pairing.
You can also choose from Bilaxy, Hoo, and also Hotbit.
Double-check the trading volume, price, and other information as seen in the coin market cap feature.

zonefloor

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You can do this by sending it to an exchange where it is available. If you keep it in your wallet, you need to keep some fee, otherwise the sent process will not take place. As far as I checked on Coinmarketcap, I see that it is listed on bilaxy, hotbit and uniswap. By sending it to the highest trading volume, you can execute your transaction and use your money absolutely whenever you want.

susuberuang

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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 there is still demand in the market, then you will always be able to sell it and get money on the same day, but if the demand is still very small, then you have to wait for an increase in the number of requests again the next day.

tabas

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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?

Highest volume is in bilaxy but it's just around $489k. The other volumes can be found in other exchange like Uniswap and other two exchanges. You can withdraw it anytime as long there's a sell order for that coin which seems it have. If I've got that amount, I'll spend my time selling it on the first exchange where it got the most volume and then the next one until I got my money on ETH or any valuable pair it got.

sheenshane

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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?

As I saw in CMC, Bilaxy exchange has a good percentage of volume, if you have that amount, you can choose the recent price sell order at the price of $0.5503, but if you're not in hurry and if you feel that project is good (which is I don't know technically) just put in a sell order in the highest bid and come back an after in a next few days while waiting your order to be executed.

If you will sell into Ethereum, that is better because you know at least this altcoin will not dump topo much not unlike the token that you wanted to sell. That's your call if you will sell them all and divert them into a coin that has less risk.

terrorJR

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if you want to sell it immediately P2P exchange will be easier, or maybe if not then better visit the market which has OPEN/USDT trading volume on Bilaxy with quite high volume currently around $477,539. then send USDT to the crypto market in your country exchange it with your country's currency pair and withdraw it to the Bank account. it depends on where you live, as not all exchanges support withdrawals using Bank Accounts.

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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 the tokens are in your possession and there is an active market for it then I don't see why not, you can sell any token you have in your wallet immediately if you want provided you have the gas fee to cover the transaction, however, depending on the volume, you can sell at market price and get your money or put a sell order.

charlieargentina

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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?

Topic: If I have $500,000$ in this token can I sell them immediately and get ETH? - page 2. (Read 338 times)