I think in the long term people will lose. I am wrong?)
Well options in general are VERY RISKY. Binary options are even more riskier.
You need to understand that compared to regular stock trading or bitcoin trading. You need to be correct WHEN price will turn and also for how long it will turn.
The issue I had with these binary options is that most of the time I am correct at identifying when a trend reversal will take place. But the problem is that usually, the trend re-reverses and the option expires right after. So even though I was correct in identifying the price, I was wrong at identifying the time.
I think they are great for earnings and news plays however since the volatlity won't stop you out with a regular broker.