Post
Topic
Board Altcoin Discussion
Re: If I have $500,000$ in this token can I sell them immediately and get ETH?
by
masterrex
on 17/06/2021, 12:13:25 UTC
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.