The new common sense for cryptocurrency Monacoin investment! This article explains the advantages and disadvantages of the Gachiho strategy of rising and selling. Recently, the world of virtual currencies has been attracting more and more attention, and in particular, have you been hearing the word “Monacoin” more and more? Monacoin is a virtual currency that originated in Japan and has attracted the attention of many people. So what exactly is the “Gachiho strategy” that is attracting particular attention in Monacoin investment?
Basic information and features of Monacoin
First, let’s explain the basic information about Monacoin. Monacoin is a Japanese cryptocurrency based on a popular character from 2chan. It was born as a joke on 2chan. The countdown to 2025 has begun, and it looks like it’s going to explode. It’s worth keeping an eye on the chart from around 2023.
| Coin | モナコイン Mona Coin |
| Symbol | MONA |
| Developer | Mr.Watanabe |
| Number of Coins | 105.12 million |
| Issue date | 2014 |
Used as a tip
Monacoin has a remittance function. It was created based on “Litecoin”, so it has a history of being used as a tipping service. It has a history of being used as a tipping service on services such as Niconico Video and Pixiv. It is expected to rise, and if you exchange well, you will be able to catch the trend. Please make sure to understand the details before investing at your own risk.
Segwit
Monacoin has implemented “Segwit”. Segwit is an abbreviation for “Segregated Witness”. It is a technology that increases “processing speed”. Monacoin became a hot topic because it implemented segwit earlier than Bitcoin. It is said that basic data will become more widespread. Even if you look at the content, if you gain knowledge, it is a brand that can be recommended until the end.
Supports atomic swaps
Monacoin also supports atomic swaps. It is a technology that allows different currencies to be traded without going through an intermediary. Normally, when trading virtual currencies, you go through an exchange, but Monacoin allows users to trade with each other.
What is Gachiho?
“Gachiho” is a slang term meaning “to hold on to something for the long term.” It is widely used among Japanese cryptocurrency investors. The cryptocurrency market is very volatile, with prices rising and falling rapidly, so many investors tend to engage in short-term trading. In such a situation, the act of continuing to hold on to something with an eye on long-term value without getting too excited or upset about price fluctuations is called “Gachiho.”
Why choose Monacoin Gachiho
The reasons for holding onto Monacoin are based on several factors, such as the following. Many people do it like a game, and now not only individuals but also general incorporated associations and associations are participating. If you can grasp the upward trend and sell, you can make a profit. It is worth holding as it is a coin that is not inferior to Dogecoin, AXS, FLR, XYM, XEM, ADA, OMG, etc. Let’s earn money using the chain. Let’s aim for the price of goods to rise in the market.
Technical features of Monacoin
Monacoin is developed based on LTC (Litecoin) and has some technologically advanced aspects, such as early adoption of SegWit. This allows for smoother transactions and reduced fees. It also supports the Lightning Network, allowing for instant settlement. One of the reasons why technically stable cryptocurrencies are considered worth holding for the long term is that they are considered worth holding for the long term.
Support base in Japan
Monacoin has strong support in Japan and has a loyal fanbase in the Japanese cryptocurrency community. For example, Monacoin is used as a tip or tip on bulletin boards and social media, and its usage is rooted in hobbies and community culture. There are markets specializing in Monacoin and real stores where you can pay with Monacoin, and a unique ecosystem is developing. The strong support base in Japan is evaluated as a potential for future growth.
Developer and community activities
Monacoin is being developed by the community and is evolving as an open source project. Monacoin’s blockchain is available to anyone, and there is an environment where engineers and programmers can create their own applications and services. This community-driven development is an important factor for sustainable growth.
Expectations for long-term price increases
Monacoin’s market capitalization is still small compared to other mainstream cryptocurrencies such as Bitcoin, and it is expected to have room for future growth. In particular, as the overall cryptocurrency market continues to expand, it is likely to attract attention from domestic and international investors. There have been times in the past when the price of Monacoin has risen sharply, and many investors are deciding to hold on to it in anticipation of the possibility that such a price increase may occur again.
Risks of holding on to Monacoin
The profits you can make by holding Monacoin are large, but you need to understand the risks involved. Nowadays, you can check the market price in real time from the company’s homepage, so it’s easy to take a chance. Be careful, as there is a possibility that you will incur losses by placing an order. We recommend that you analyze before buying or selling.
Price fluctuation risk
The cryptocurrency market is very volatile, and prices can fall sharply in a short period of time. Monacoin is no exception, and has experienced large price movements in the past. Choosing to hold on to Monacoin means that you will need to endure these sudden price fluctuations.
Liquidity risk
Although Monacoin has strong support in Japan, its global recognition is lower than that of other major cryptocurrencies. As a result, liquidity at exchanges is lower than that of other currencies, making it difficult to sell large amounts. There is also a possibility that transactions may be stalled, especially in the event of a large price drop.
Regulatory risk
Regulations on cryptocurrencies are being established in Japan, but future changes in legal regulations and tax systems may affect trading and holding of Monacoin. In particular, the stance that the government and financial institutions take on cryptocurrencies will be a factor that greatly affects the future of Monacoin.
Mental preparation for successful Gachiho
If you decide to hold on to Monacoin, it is important to have a few things in mind. It is a recommended investment along with NEM, Ripple, QTUM, MKR, ENJ, CHZ, and SAND.
Don’t be fooled by short-term price movements
The biggest enemy of Gachiho is being swayed by short-term price fluctuations and panic selling. It is important to believe in the value of Monacoin in the long term and continue to hold it calmly.
Don’t neglect to collect information
Even while holding, it is important to always check information on Monacoin and the entire cryptocurrency market and keep up with the latest trends. Keeping an eye on the community’s movements and development progress will allow you to make appropriate decisions.
Understand your risk tolerance
Holding cryptocurrency involves risk. Make sure you understand in advance how much risk you can tolerate and decide whether to hold it or not. Avoid taking risks that are greater than necessary and consider diversifying your assets.
Introducing a carefully selected list of recommended exchanges
Now, let’s introduce some recommended exchanges that actually handle Bitcoin. We recommend overseas exchanges. The reason is that there is no risk of incurring debt due to the zero cut, and furthermore, the leverage is very high, so there is the advantage that you can trade even with small amounts. We will introduce exchanges that are not difficult, and allow beginners to advanced users to easily buy and invest in good steps. These are exchanges that guarantee high leverage and ease of profit.
OKX
OKX is a cryptocurrency exchange based in the Seychelles. Please note that OKX operates separate exchanges in Japan and other overseas countries. They also have a marketplace and offer more comprehensive services than other companies. You can start trading from your browser and make contracts easily. The system is robust, so even if you trade frequently, online payments are fast and easy to use, there are few fees, and there is little maintenance, so you can feel at ease.
Bybit
Bybit was based in Singapore, but the group is now a cryptocurrency exchange based in the UAE. There are many promotions such as bonuses and campaigns, and many events such as launchpads, launch pools, and airdrops. The design is also good and you can try trading directly on tradingview. You can deposit cash continuously, and you can trade enough in a day. As a policy, the number of services such as NFTs is increasing significantly.
Gate.io
Gate.io is a cryptocurrency exchange based in the Cayman Islands and has the largest number of cryptocurrencies in the world. If you are looking to invest in unknown altcoins and grass coins, this exchange is the best choice. In recent years, you can invest in a large number of cryptocurrencies, and you can make many transactions on the same day, including lending, installment investment, spot and futures. At least a certain number of financial cryptocurrencies are available and security measures are in place, so you can set it up smoothly. You can continue without stress.
KuCoin
KuCoin is a cryptocurrency exchange established in Hong Kong in 2017. It is currently based in the Seychelles. Therefore, it is a very safe exchange. It handles over 600 currencies and has a maximum leverage of 100x, so it is run by a large company.
BingX
BingX is an exchange established in Hong Kong in 2018, and has a long history of operation. In addition to spot trading, it also supports margin trading and copy trading, meeting the needs of users. It is currently ranked 26th in the derivatives exchange rankings on CoinMarketCap, and is attracting attention from investors around the world. This exchange has a particularly strong influence, especially in the Asian region. It will become a more comprehensive service as more categories are added in the future.
Bitget
Bitget is a cryptocurrency (cryptocurrency) exchange based in Singapore, and was founded in 2018. It is one of the top exchanges on coinmarketcap, and with over 8 million users in over 100 countries around the world, it is one of the most popular and recommended exchanges in the world. Bitget’s copy trading has a very good reputation. It has the advantage of making it easy to make a profit just by setting it up, but it is also possible to make a lot of money on your own. Currently, Lionel Messi has a partnership agreement with them.
Bitmart
Bitmart was established in the Cayman Islands in 2018. It is a cryptocurrency exchange with over 9 million registered and active users. It also offers derivative trading with up to 100x leverage. For this reason, it is a very popular exchange worldwide, and has the following features, so we will introduce them in a list. When checking, there is no risk as security is also solid if necessary.
Bitrue
Bitrue is a cryptocurrency exchange established in Singapore in 2018. It has a large cryptocurrency trading volume and high liquidity. There are many derivative and spot transactions, and many users around the world have opened accounts and are currently trading, so it is highly recommended. It provides the functions necessary for investment, and you can purchase from the page below. It is also easy to create an account. Leverage is over 100 times, and you can also download your trading history.
BTCC
BTCC is a stable cryptocurrency exchange with over 10 years of history and a proven track record, founded in the UK in 2011. Compared to other exchanges, BTCC is an exchange that specializes in futures trading (derivatives trading) and offers high leverage of up to 150 times. This is overwhelmingly superior to other exchanges. In addition, it handles over 200 cryptocurrencies, so it is very safe. We will introduce information on opening a cryptocurrency account, leverage, deposits, withdrawals, campaigns, and types of app usage. Currently, even beginners can get used to using an account on the web, so it is recommended for getting started.
LATOKEN
LATOKEN is a cryptocurrency exchange established in 2017. Investments are possible from as little as $1, and the exchange only deals in cryptocurrencies, so does not handle NFTs. All major coins such as Bitcoin, Ethereum, Litecoin, Tether, XRP, TRX, EOS, LA, etc. are covered, so it is possible to trade even major altcoins.
LBANK
LBANK is a cryptocurrency exchange founded in Hong Kong in 2015. It provides services in over 200 countries. It is characterized by the fact that you can open an account without having to go through KYC (personal identity verification), making it a highly recommended exchange for those who want to trade immediately or cut out the hassle of procedures. It is very convenient because you can check the latest news and currency listings, and you can also make inquiries via live chat. The basic information is as follows. It handles different major coins such as Bitcoin (BTC), Ethereum (ETH), XRP, and USDT. We recommend that you register and take a look if necessary.
MEXC
Since it is free to open an account, you can do so without any hesitation. There are a huge number of stocks available, with over 1,400 different stocks available to trade, far more than other major exchanges. There are also campaigns, and although there are conditions, you can also introduce them to your friends using an invitation code. Here we will explain the steps to register and open an account with MEXC. First, open an account. Go to the official website. We will explain how to do it. Opening an account is free, and there is no fee even if you open an account overseas. There are also bonuses and other benefits.
XT.com
XT.com is a major overseas cryptocurrency exchange headquartered in Dubai, UAE. Speaking of Dubai, Bybit is also based there. It was originally founded in the Seychelles in 2018, but has since moved its base. It has over 7 million users and handles over 500 stocks, making it comparable to Binance, KuCoin, MEXC, etc.
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