Is Binary Trade Better or Better to Buy and Hold Bitcoin?

[Raflesia]

I think everyone will agree that investment is the best choice over trading anywhere so it is important for us to know the risks that we will bear in doing something so that we dont get caught in a difficult situation in the end.
It does not mean that we should not trade if in the end as long as you can do it then it does not matter as long as you know the risks that will be faced and are aware of the abilities you have because in the end this can make a different situation.
If you feel you can afford to trade then that's fine to do but when it comes to risk comparison then definitely investing would be very much better compared to trading.
The problem is that sometimes the more driven beginners sometime dont realize this and continue to push the envelope that they cant even reach under the guise of trying every opportunity.

In my opinion, trading or investing depends on each person's choice and ability. Many people can still make huge profits from trading but doing so requires a lot of knowledge, skills and experience...Investing or doing business both have advantages and disadvantages. But what's more telling is that the OP is referring to binary trading and it's more like gambling than we are seriously investing to make a profit. So, according to OP's question, buy and hold is much better than binary trading.

Of course it comes down to skill, but when it comes to risk, we all realize that at the end of the day, trading is a situation where we will definitely be more at risk than trading.
Indeed, in this case both have an indication of loss because in crypto no one is safe in doing anything but we can see that the risk of investing will be very much smaller than trading.

Everyone can do whatever they want in this case whether it is trading or investing everything is very doable but in the end we also have to realize our own strengths and abilities whether we are able to overcome risks and be prepared for all the possibilities that we will face in trading because in the end this becomes something important because if we just try without having any knowledge everything will only be like gambling where instinct and luck are what they expect in trading.

[DanWalker]

I think everyone will agree that investment is the best choice over trading anywhere so it is important for us to know the risks that we will bear in doing something so that we dont get caught in a difficult situation in the end.
It does not mean that we should not trade if in the end as long as you can do it then it does not matter as long as you know the risks that will be faced and are aware of the abilities you have because in the end this can make a different situation.
If you feel you can afford to trade then that's fine to do but when it comes to risk comparison then definitely investing would be very much better compared to trading.
The problem is that sometimes the more driven beginners sometime dont realize this and continue to push the envelope that they cant even reach under the guise of trying every opportunity.

In my opinion, trading or investing depends on each person's choice and ability. Many people can still make huge profits from trading but doing so requires a lot of knowledge, skills and experience...Investing or doing business both have advantages and disadvantages. But what's more telling is that the OP is referring to binary trading and it's more like gambling than we are seriously investing to make a profit. So, according to OP's question, buy and hold is much better than binary trading.

Of course it comes down to skill, but when it comes to risk, we all realize that at the end of the day, trading is a situation where we will definitely be more at risk than trading.
Indeed, in this case both have an indication of loss because in crypto no one is safe in doing anything but we can see that the risk of investing will be very much smaller than trading.

Everyone can do whatever they want in this case whether it is trading or investing everything is very doable but in the end we also have to realize our own strengths and abilities whether we are able to overcome risks and be prepared for all the possibilities that we will face in trading because in the end this becomes something important because if we just try without having any knowledge everything will only be like gambling where instinct and luck are what they expect in trading.

But the higher the risk, the higher the profit, everything is proportional to each other. With trading, you can make profits every day but with investing, you cannot do that. People who choose trading instead of long-term investing have their own good reasons even though they also know that trading is riskier than investing.

For me, I can't say which is riskier because each person has a different ability and choice, but I agree with you. If we are not suitable, have no knowledge about trading but still stubbornly choose, it is like we are gambling.

[Dr.Osh]

In this case, I recommend holding Bitcoin rather than choosing binary trade. in holding bitcoin, it has less risk than binary trading. I know several people who did binary trades and made huge losses. Even though not everyone loses in binary trading, however, I feel that holding Bitcoin is much better because there are many aspects that benefit us in honing our trading skills independently, improving analytical techniques and research, and so on. Apart from that, what is also important is the lower risk. I prefer to take lower risks but still have large potential profits, and I think holding bitcoin is the right choice. .

[Games.Bitcoin]

I would say holding bitcoins is hundred times better than binary trade comparison. In binary trading you need to make predictions like whether the price will go up or down now. But if you make a mistake, your entire wealth can be gone. But investing in Bitcoin will by no means empty your entire wealth. Maybe your wealth will decrease by some percent if the market price goes down. So I would say buy bitcoins without binary trading and hold for a long time.

[Shishir99]

This discussion is continuing as one-sided. OP, five pages of the discussions so far, and if I am not wrong, everyone in this thread suggests you buy Bitcoin hold it for a while, and forget about binary trading. I am unsure if you are an expert in binary trading. I doubt that. But, I know that some people make a good amount of money from binary trading and they are well expert. But, you need a lot of time and practice to be such a person. I guess this discussion should be done as 100% votes with Bitcoin so far.

[Youngkhngdiddy]

In my opinion, trading or investing depends on each person's choice and ability. Many people can still make huge profits from trading but doing so requires a lot of knowledge, skills and experience...Investing or doing business both have advantages and disadvantages. But what's more telling is that the OP is referring to binary trading and it's more like gambling than we are seriously investing to make a profit. So, according to OP's question, buy and hold is much better than binary trading.

   Not only do I agree to what you just said, binary trading is also volatile and any trade is very risky, to be able to involve in this trades, you have to know both the analytical skills of trading. Binary option is adding a fake layer of simplicity over Forex. Giving the impression of easy decision and quick profit. It fact it’s worst. Let’s me clarify a bit on it. I just really want to help in order to avoid people losing money won with difficulties in a fake heaven of money. If you ask professional traders about the different way to makes money on the market, you will hear about Forex, Commodities, Stocks, Futures, Index, Bonds, etc some about Crypto. But strangely, none of them is speaking about Binary Option.
   Hence, Binary trading can be risky, as the outcome of the trade is binary (win or lose), and traders may be lured by promises of high returns. Additionally, some binary trading platforms may be unregulated, which increases the risk of fraud or scam. It is important to understand the risks involved and to do your own research before engaging in binary trading or any other type of financial trading. It may also be a good idea to seek the advice of a financial professional before investing.

[dezoel]

Better to just buy and hold. I know that this is a personal preference thing and some people would prefer binary trading or spot trading or leverage or margin, basically they prefer anything they want to prefer and that would not be all that bad.

However, we are talking about a situation that would not be all that easy to do if you prefer anything like that whereas it is quite easy to just buy and hold. Imagine this, you have a bank account, just like almost everyone in the world, and you have some money right? All you have to do is wire some money to your local exchange, buy bitcoin. That is it, you are literally done, after that you do nothing at all because "hold" is not something you do, it's literally just nothing at all.