How to offload an Altcoin

[Jessica Ruder]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

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[ralle14]

Sell them in smaller portions or take the hit if you don't have time to do it in several trades. The price will always go down unless there's a trader actively looking for these coins and does the same thing so the price won't go up. Looking for more exchanges could also be an option since not all exchanges are listed in sites like coinmarketcap.

[Kupid002]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

Just sell around $1000 daily so it will not affect the market too much for selling that large amount. if you see high buy orders then dump only all those coins to that orders until all of them filled with your sell orders.

Its really difficult to sell it all at once since there are chances that you can sell it only at lower price so you need to be carefull before deciding to sell it.

[Little Mouse]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

That's not looking good. If you are going to sell the most, price will be affected significantly. This is a very low volume I can see and with a $50k sell order, market will be sunk. You can rather try to sell at other marketplace, like OTC with a discounted price. That will get you the best benefit.

[pakhitheboss]

Sell them in smaller portions or take the hit if you don't have time to do it in several trades. The price will always go down unless there's a trader actively looking for these coins and does the same thing so the price won't go up. Looking for more exchanges could also be an option since not all exchanges are listed in sites like coinmarketcap.

It is not easy to sell them when you have such a low volume. It will be very hard to find buyers. If you sell them in small portion the price will take a major hit. I am sure you will not find buyers if the price goes down to a certain point. The only option is to wait and watch.

[ethereumhunter]

I will wait until the price can increase higher at least more than the price I bought that coin so I can make a profit. The coin with a medium amount of trading volume is enough for me to trade, and as long as I can make a profit, that will be okay for me. I feel better trade more than one time for the coin with the good movements from the coin than to wait for a long time to take the profit. Maybe you can try to sell some amount first when the price increase so you can get your initial money, and you can wait for another time to sell that coin again.

[Lantind]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

Very simple, if someone has Altcoin worth $ 400,000, then he will not release it in one day, because the volume is clearly not enough, and that person only takes one week to release all Altcoos that he has, because the daily trade of $ 100,000 it was enough for him to release all Altcoin he had in one week's duration.

[Shallow]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

It is clear the volume is too poor therefore it will not be possible to do such. Also, if you try sending everything at once or even half of it, or even setting a certain amount you will only end up generating panic and holders might dump so as to exit the market before it crashes. So the idea is, selling very small amount at a time; taking into account the daily trading volume stated by you, something like $10k per week won't be bad, or even less, although it will take time but it will worth it and also the market won't crash unexpectedly.

[TanakabZX]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

You can sell daily since the limited volume is just 24hours, the next day there will be another buy orders on the exchange, some takes more than a day though, people need to stay away from coins that have no demand, they aren't good enough is why they have low volume

[bgaf]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

Thats too big holding. You cant simply touch the ground with that, unless you wanna eat it all with different price that is lower than the current buying price. You can sell it each time there is a buy order or set many sell orders with different price but near its value. By the way only one exchange for this? What altcoin do you have?

I will wait until the price can increase higher at least more than the price I bought that coin so I can make a profit.

If its an altcoin the result will only lead to liquidation. Most altcoin tend to bounce back but its a one in a million ways. Or sometime doesnt happen at all.

[Kvalentine]

Just sell what you can now and wait for another day maybe there will be demand available on the exchange, honestly projects that have little volume aren't good enough

[Jessica Ruder]

Okay thanks for all the replies. Now lets take a coin like Bitcoin Gold. Which has a daily trade volume of ~28 Mil. What's the most someone could sell at a time without causing panic? Because even on the exchanges that do millions in trades a day, there doesn't seem to be any sell orders for more that $1000.

[Lexurdania]

If you have $400,000 worth of an Altcoin, that has a daily trading volume of $100,000, how do you offload it? Because it seems like a coin with a medium amount of trading volume only has maybe $500 trades at the most. So I don't get how someone could offload a large amount?

Choosing altcoin that wants to be an investment does need caution. Not all altcoins have a large daily transaction volume, in fact there are many altcoins whose daily transaction volume is under $ 1000. Market cap value and also daily transactions need to be considered when we want to decide to invest in altcoin and in my opinion, coins in the top 50 coin marketcap deserve to be long-term investments

[TheClownSong]

Okay thanks for all the replies. Now lets take a coin like Bitcoin Gold. Which has a daily trade volume of ~28 Mil. What's the most someone could sell at a time without causing panic? Because even on the exchanges that do millions in trades a day, there doesn't seem to be any sell orders for more that $1000.

I think with a daily transaction value that reaches $ 28 million per day, it will not cause panic when there are investors or people who sell coins with a value of less than $ 1 million. In my opinion, the price will decline sharply if the buy order on the market turns out not to be as big as the value of the coins in the sell order

[Kupid002]

Okay thanks for all the replies. Now lets take a coin like Bitcoin Gold. Which has a daily trade volume of ~28 Mil. What's the most someone could sell at a time without causing panic? Because even on the exchanges that do millions in trades a day, there doesn't seem to be any sell orders for more that $1000.

You can actually sell that directly to buyers if you want to set a sell order's. Just dont use all of the amount you want to sell if you dont want trader's to panic on the coins you are selling.

There will always be a buy orders that will be created every time you sold your coins. Just always look at it so you will not create a panic.

[minairia3]

Now lets take a coin like Bitcoin Gold. Which has a daily trade volume of ~28 Mil. What's the most someone could sell at a time without causing panic? Because even on the exchanges that do millions in trades a day, there doesn't seem to be any sell orders for more that $1000.

Not sure if the price or volume could be retain anytime since it will depends on the demand. How come a 28mil volume a day hasnt have much supply that cant sustain a $1k per trade? What you must do is just set an order closer or put some gap between the prices you set like 100, wow do you have some that big coins to dump with? Surely it will cause panic if your volume sell is quite huge.

[Jannyh]

That's a whole lot compared to the trading volume, I think the best way to sell it so as not to cause a total dump is to sell daily some amount since 24hr trading volume is $1000, you could share it into 7 days ,now with that the price won't dump drastically unlike when you set all for sell in an exchange in a day,that could cause panic and make holders to dump.

[mirakal]

That is not a problem actually, you are holding a big amount of money but you can still sell that into pieces.

Try to sell first the coins that are listed in big exchange or those coins with great trading volume, I believe every exchange have different limit but as long as your coins is trading in an exchange, you'll be able to sell them all for sure.

[michellee]

I think that will depend on your strategy to sell the altcoin. But I am sure that many traders will agree that they will sell their altcoin when the price increase higher. That will be the same thing as what I did with my altcoin because if I see the price can increase especially increase more than the price that I buy before, I will directly sell some portion of the altcoin. I will wait for another moment to sell the other amount so I can hope to make a double profit from the same altcoin.

[Goldada]

If the coin is traded in several exchanges other than just one exchange with same daily trading volume, you can sell the coins part by part in those exchanges. If not, it's either selling to the orders there which will really affect the price or just be patient, set your order and wait for buyers.