Bitcoin Forum

I'm a complete noob in crypto and trying to learn some basics on trading/exchange currencies.

Pretty stupid/newbie question but how do you sell if you have lets say 500k alt coin? For example, if you were one of the few people who mined bitcoin and had around 500k coins or you mined ethereum and had that amount, how would you sell them? I know exchange have limitation but if you wanted to sell them all together, how would you sell them?

I do not think I should sell all the altcoin because we will not, so I suggest to sell one of the altcoins you have, so you hold altcoins that you do not sell and sell altcoins that have high value

if I have a lot of coins, I will not sell all the coins I have, I will only sell 25% -50% of my coins, long-term investment is always more important in my plans.

How would you sell 50% of your alt coin and where? I know exchanges have limitation.

If one exchange got a limitation on quantity then why can't to split your sell quantity and do it into few smaller transactions? If you, you can sell in few different exchanges if you want funds urgently. But use only reputed exchanges and always try with smaller quantities instead of sending all your coins to exchange at once because sometime if exchange block your account for some reason then all your money or coins will be stuck there until you resolve your issue with exchanges.

I sell only those coins in which I'm not sure. So I sell for a big need, if you need money. But in general I keep my crypto-currencies and I think that in the future they will bring a big profit.

If that's true, first of al you need to register an account in the exchange that exist buying/selling that coin because not 1 altcoins not listed on entire all exxchange. For example, ETN just listed on Binances, you can access this wwebsite to check.  https://coinmarketcap.com/currencies/electroneum/#markets after that you can browse the way to order in some youtube video acording to the exchange you are in, it really useful. And then you are becoming a amateur trader. Once dept into the exchange you should not deposit all you have because exchange wallet is not secure. And just holding an big enough amount and wait for pump

If I need money, then I will sell a coin whose price goes up.
and if when all the coin prices go up and I'm profitable, then I'll also sell the coins.

I have always viewed the development of coin is on the rise and capable of giving high prices. to sell your coin certainly, we should see the market price. by monitoring, we are able to get higher returns. I sell coins when the price is high.

I trade them for btc, eth, or litecoin, and then sell on coinbase.

just check if where exchange it is listed , for example try to search in coinmarketcap or blockfolio. After you see where it is listed register in that exchange and then sell transfer the coin/token youu have in the right address and name of your coin then sell it in what currency you want.

Sure, that was my question. Once the coin is profitable, how would you sell in bulk? I can sell it in exchanges in chunks but if I know that the coin can't go beyond lets say $10000, how would I bulk sell it?

Selling altcoin has no limitation. The limit is on withdrawal so you can sell all 100% of coins. And if eth or btc is your coins there is no need to sell it I guess it can be converted in your countries currency just in mine. If there is withdrawl limit so fo a.two.withrawal . Cam be half half of your coins

And why sell them all together?  They can be sold on several exchanges and in several stages.  You should look at coinmarketcap.com on which exchanges the coin is traded, see the volumes.  And then already choose the stock exchanges.

when you earn bitcoin or altcoins from mining or bounty or others first thats coin will goin in your wallet, after thats you just sell and you will get USD or MONEY and do withdraw to send in your account bank that is simple

First of all you have to make a registration on the top exchanges (My suggestion is to make accounts on top exchanges because it is more secure)
Further, in order to be able to change big amount of tokens you should pass the verification process(it will take up to 5 working days but usually faster), after that you will be able to make a daily withdrawal up to 100 BTC (for example on Binance)
After that you can transfer any amount of BTC to localbitcoins or other exchanges.

Splitting your portfolio and sending them to different exchanges is one thing. But another option you have is to sell them in bulk through a physical meetup. By physical meetup i mean you meet someone at your local cafe or bank and exchange coins once they give you cash.

You can use platforms like localbitcoins to find people who want to buy cryptocurrencies with cash.

Most of the time, you buy tokens that trading volume are very large.
So you can sell these tokens in time, and if you buy some junk tokens, then maybe there's no trading volume, >:(

if I own usually if I get an altcoin then what I do first is look at the stock on altcoin that I have then check the price of ico in altcoin if it approaches or exceeds the ico price then I will sell it at that time. and this can be done if the atcoin is already listed on the exchange, but if it is still in the process of entering a bursa I will have to wait until I enter or if I enter but far from the price I also will hold my altcoin.

selling them all at once is what whales do, its price manipulation, soon as you demolish all the buy orders on an exchange you can then buy back in and double or triple ur holdings.

but 500k of a shitcoin could only be worth 100usd. in that case dump away

First, you should have goal about your coin, is it for trade/ invest or just for asset to exchange only?. From there you can decides what should do about your coins, keep hold, sell with limit number or else. If you want to sell all your coin in one time, just find " some " exchange and sell it follow their rules. Or you can try find person who need coin by communication channel ( telegram ). Sell is simple but should have purposes.

In that case for having more coins I'm not going to sell it fully, I'll sell in batches. For example I have 500k BTC, I'm not in a hurry so probably will sell 10 BTC everyday or will look for someone at LBC that is looking for supply of bitcoin. Government rules are strict and they will doubt that its your money if you don't sell them properly. You can even charge with money laundering and you will caught suspicious if you sold wrongly.

Talk about selling coins. If you say 500k altcoins, you should not sell all the altcoins at the same time. It is advisable to sell 30% each time because if the exchange rate increases rapidly you do not feel regret for selling only 30% of the total altcoins. My experience is to split up and sell in batches instead of selling all 500k altcoins at one time.

you can only sell them in different exchange sites or you can wait the next day to sell them again. or find someone to buy your coins but if you want to do this better find an escrow to be sure and avoid scam.

If you should sell is completely dependent on a person's situation.  How you sell... well you put them on an exchange and sell into Bitcoin.  If you're in the US, you then transfer the Bitcoin to Coinbase and sell Bitcoin into fiat.  If for some reason you had enough alt-coins to actually impact the price then you can either slowly sell them off or higher someone to do some over-the-counter sells.

The first thing you need to do before you sell your altcoin is look for the best exchange on coinmarketcap, choose the exchange that has big volume and price. Then register an account and verify your account with your ID to increase your withdrawals and deposits. Enable also the 2FA to protect your funds from hackers out their.

for the German coins should monitor market developments that occur. It is useful to minimize the losses. I usually sell a coin when the price is soaring. because thus the profit I get too high

For a big tradig there are some dark whale waters - where the deals are makig on Skype and there is no price dumping/pumping caused by the deal...

For sale the virtual get a real money to you need to be given for a account of a bank Remitano for a you want to take a 2 virtual money to be Bitcoin, Ethereum get real and rút về bank account. For you can be used with a virtual cash service with Remitano, you must need an Remitano account, you also manual instructions of the and details of Remitano, after which you want to buy your shopping.

If I were you, do not sell it via brokers of exchanges - but instead, sell it peer-to-peer. You may post in the marketplace section about your goods to be sold and make some offer for freebies. Ask them to send you cash and then send them your tokens. OR you may use escrows like me  ;D

Not necessarily all altcoin because all altcoin and one altcoin you have you can hold and you can sell because now altcoin prices have increased then you sell altcoin you who have high selling value.

If I am in that position, I will still think wisely not to sell huge amounts of altcoin, because it will affect the price of altcoin in the market.

The amount of supply that is too much will definitely reduce the price of altcoin.

I will sell according to the needs and see the market price conditions against altcoin that we have.

When the price of my coins achieves my expectation, otherwise I just keep it.

What exchange has a limit for selling coins? I never heard that but if thats possible then split all your coins to different exchanges there are so many to choose.

If i have much or more than that i will sell and taste it for 20% and the rest i i will invest it and will take an action to it if i need money but i will just sell 5% of that.

But when i'm tired in crypto world, slowly i will sell it.

You can sell it in parts or convert it into different coins and put sell orders. Once you have tokens in your wallet, you can send them to any exchange. In order to send that, you need a receiving address. The receiving address can be found by opening the token and clicking on deposit. Once that is done, you can simply receive the coin and it usually gets done within 30 minutes. The time will become shorter eventually with the introduction of Lightning Network. After you have received the coins, you can just list them for sale.

of course you can not sell everything, you have to sell it little by little. if it's a good coin, there will be a lot of investors who will buy the coin, so you can sell all your coins

We can simply check it out to see where the list is registered in that exchange and then sell, transfer the coins or tokens you have at the correct address and name of your coin then sell in what currency you want to sell with various possibilities that have been you think beforehand so you do not regret it later

Try to liquidate all of the amounts through some phases because of the limitation for your exchange account if you are not registered as top tier in the exchange site system itself.  Started trying to sell a little part but it's continuously.
Just like what already done by mtgox trustee to sell more than hundreds of thousands of bitcoin to the market.

if you sell in normal quantities you can use any exchange you like. but if you are going to sell some really huge amount you can contact an exchange and do the sell of your coins together with them to secure an an safe transaction

selling ? this coin is always good you sell when hold for a long time. if you don't need money suddenly leave your coin.