X COIN IS BETTER THAN BITCOIN?

Hi, it's been a while.. Just wanna drop little something here...

In this day and age, most projects are technologically superior to Bitcoin. Asserting that a particular coin will inevitably moon because its specs are better than Bitcoin’s is simply naive. Of the more than 1,300 cryptocurrencies listed on CoinMarketCap, hundreds can do more than Bitcoin, and can do what Bitcoin does better, faster, and cheaper. The fact of the matter is that people do not buy Bitcoin for its tech. If they did, then Litecoin, Vertcoin, even Dogecoin would be worth much more than BTC.

To accurately determine if a coin’s technology is undervalued, compare the value of the coin to its competitors or similar coins. From there, compare the respective hardware. Does a coin have a lower market cap than its competition, despite having stronger tech behind it? Then it is undervalued. If this isn’t the case, then perhaps it’s not.

While these are a few examples of common mistakes often made by inexperienced traders, they only represent a segment of the many misconceptions out there. To improve oneself as a trader, the best strategy is to remember advice as it is given, and simply learn from one’s experiences. No trade is a bad trade when there is a takeaway from the outcome. Learn from mistakes, and a method to all this madness can be found.