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

sr. member
Activity: 1246
Merit: 250
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.
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
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.
full member
Activity: 1048
Merit: 102
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
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
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.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
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.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
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.
full member
Activity: 1820
Merit: 107
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.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
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.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
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?

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?
sr. member
Activity: 2338
Merit: 365
...

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.
member
Activity: 879
Merit: 10
Sovryn - Brings DeFi to Bitcoin
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.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
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.

Rotation is very important, Clippers already find the good rhythm Leonard's leadership is very effective if he and George will continue playing the same style with how they work  it out last game 3.

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

sr. member
Activity: 1106
Merit: 310
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.
member
Activity: 73
Merit: 10
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.


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.
sr. member
Activity: 1988
Merit: 453
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.
sr. member
Activity: 1764
Merit: 260
Binance #SWGT and CERTIK Audited
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.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
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.
legendary
Activity: 2282
Merit: 1041

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?
member
Activity: 237
Merit: 67
Let's create the Indie Metaverse!
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.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
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
legendary
Activity: 1526
Merit: 1032
Up to 300% + 200 FS deposit bonuses
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.
hero member
Activity: 1638
Merit: 518
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.
sr. member
Activity: 1218
Merit: 279
$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?
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
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.
full member
Activity: 602
Merit: 105
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.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
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.
sr. member
Activity: 826
Merit: 263
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.
hero member
Activity: 1876
Merit: 524
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.
full member
Activity: 926
Merit: 100
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.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
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.
legendary
Activity: 2492
Merit: 1232
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.
sr. member
Activity: 1302
Merit: 250
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.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
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.
newbie
Activity: 20
Merit: 1
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?
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