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

[jennykim512]

I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.

holding is the best option if you are observing market fluctuation.

[yudi09]

-snip-

Trading carries the potential risk of greater loss. Bitcoin is more suitable for investment than for trading. Investing does not get the comfort that holders get. Bitcoin trading will not win in many ways compared to holders. They buy consistently and leave it in their wallet for the long term.
OP. Short from me. Don't be easily trapped by what you see. It is better to avoid trading Binary.

[Blitzboy]

You may be better off as a hodler than a seasoned trader with a thorough understanding of market dynamics.

Binary trading is appealing because of its quick decisions and big gains. It takes talent and market acumen that casual investors lack. Even experienced traders find binary trading's volatility and danger intimidating. High stakes, narrow margin for error.

To individuals not involved in daily trading, supporting Bitcoin by buying and holding has proven more accessible and safer. Bitcoin's growth and resilience, notably from 2022 to the present, suggest growth and stability. I think most people should invest in Bitcoin long-term rather than risky binary trading.

[dunfida]

I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.

Binary trade could really be considered to be a gamble considering that you would really be needing up to guess on where the prices could really go on the next few seconds or minutes or basing up on the set-up on the said platform on which we do know that the span of time given is really that too short. Even if you do say that you would really be applying some technical analysis but it wont really be giving out that kind of guarantee
that you could really be able to make up some sure trades. If you do see that you are earning some profits on binary trades then go ahead and continue on what you are doing but if you are someone who do sees
that you are already that making some losses then it would really be more better that you should really be holding your position and would rather making yourself that be idle
rather than on risking into binary on which you do know that you could lose up your coins instead.

[sulendra12]

~snipped~

Bitcoin for sure, binary trading is pretty much like gambling sure you can sure the technical analysis but since you could lose all your money if you pick the wrong decision then there is no fun about that and you won't learn anything, because you instantly lose all the money. The stress you would get if you lose in binary trading compared to Bitcoin is significantly different. I'd say just hold Bitcoin and wait for a long time.

[Assface16678]

It depends on your skills and knowledge. I think first you need to identify what you are good at, whether it is trading or holding bitcoin, because even just holding bitcoin, you still need some analysis of where to enter or what price you should enter in the market. Trading can be more complex because you will need to know a lot of things, such as technical analysis and indicators, and many more things that could help you trade efficiently. Although it's too complex, the reward will depend on how you trade, so the answer depends on you. But for me, I do both. Yes, I'm not at an expert level in trading, just enough to earn some good profit, but will I trade? I also do bitcoin holdings, saving up for a bull run or selling in a profitable position, which is more like a long-term profit, so even if you are just sitting your assets there, you can guarantee a profit in the long run.

[|MINER|]

I have tired several trading and at the end of the day I have to come on the long-term strategy because it more safer from the others like low risk , low stress etc. Moreover I will also say that for bitcoin it is always good to hold the fund for long term and adopting with the DCA method regularly.

[moneystery]

I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.

you don't need a dilemma just because of this problem, binary trading is gambling, it's better for you to use the dca concept to buy bitcoin and target it in the long term.

there have been many people who have lost because binary trade binary is just a game algorithm, if you don't have the skills to trade bitcoin then hold is the best way. you don't need high skills to hold, just hold on and be patient.

[red4slash]

All have their own risks and we must realise that the risk of trading is greater than investing.
If indeed you want to play a little more comfortable then investment is a suitable condition to do, it's just that apart from capital, it is certain that perseverance and patience must be ready for us to go towards the goals that we have prepared in the next few time especially if we are a beginner then the first choice is definitely investment.

Not that we shouldn't trade but in the end not everyone can be there with a profit when talking about trading because after all we must be aware that trading is a condition where losses will still be very large in terms of probability for those who are beginners and new to the scope of crypto, especially bitcoin.

[Obim34]

Just what you asked, many has gone that way and it wasn't easy for them with the kind of loses doing trading. It favors some persons but you should as well be ready to take whatever outcome, it is either a loss or a win situation.

Just like many has said, it is best you stick with something of clear possibilities of making profits, it all takes simple steps, Buy and Hold nothing more than that with pretty no stress involved you just have to sit and see your investment grow.

[mirakal]

You don’t have to confused yourself. Just settle where you are more comfortable of doing. If you think binary trading might be quite risky for you, then focus on hodling. Holding is quite safer than binary trading for your information, although you can still be more profitable with trading if you are capable and skillful on it. But it never lost the fact that binary trading still end up like gambling, so that concludes I guess that you should focus more in hodling than go for binary trading.


Nevertheless, while you are hodling, learn also about binary trading so that in the future, if you decide to go for both options, you will still be successful and profitable. After all, whatever that’s hard will still end up easier if you are responsible of your decision making and performance.

[Kemarit]

I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.

I don't know why are you in a dilemma here, I think it's very easy to decide, don't do binary trading because it's simply gambling, IMHO. Just go long term and you will be find with BTC. You don't need to buy like 1 Bitcoin, you can do what majority here has done before and continue doing, slowly fill your wallets with Sats, do DCA or whatever way you can to accumulate and save, easy as that.

You don't need to complicate things in your end with this Binary trading, most of the time, less is better in crypto world. Maybe others are making money as they say, but every individuals tolerance and strategy is different. What works for someone, might not work for you in Binary trading.

[BD Technical]

Thanks everyone for helping me.  I have decided I will not trade anymore I will invest. Everyone gave everyone's opinion and I saw everyone's opinion.  You have given me a good idea as everyone wishes me well, I will definitely try to follow your opinion.  Thank you all from me and I hope you are well and pray for me to move forward?

 But one thing I have noticed is that many of us from here have gone too far with Trade.  I wanted to take them back but you guys showed me the right way.  I will be very grateful to you for that and surely something good will happen to you inshallah.

[rodskee]

Depend on your  knowledge and capacity about the funds , because even I told you to HOLD
but your funds are limited then that is nonsense because you cannot carry holding for years , same as i
advise you to Trade Binary but have no good skills to read the flow then you will also lose.do what you
can afford to risk  and where you are skilled and wise this is money mate that is important.

[bobbybkk]

I would say do BOTH:

Set yourself a limit you can afford to lose with Binary Trade. And if you keep losing stop Binary trading.
Also start to buy and hold Bitcoin.

Outcomes:

Maybe you make money with both - all fine

Maybe you make money with one of the options- a chance that it is more you win than you lose on balance

Maybe you lose money with bot options - than maybe Bitcoin was not such a good idea...

[leonair]

I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.

binary trade is not safe more then bitcoin. Binary trade is high risky also bitcoin trading is risky but if you buy bitcoin for long term holding purpose then it will more better. because long time hold can bring a high quality profit for you. We see the price of Bitcoin fall many times but then it rises again and when it rises the price is higher than the previous ATH which we have seen several times before.  So if you hold long term bitcoin it will be better than Binary trade

[_BlackStar]

There are two options you mentioned:
1. Binary trading/ binary option
2. Buy and Hold

I never liked the first option - not because I don't understand how it works, but the risk involved in mispredicting price movements can make you to losses. Of course there are profits possible - but I don't think trading is that simple ^{[like gambling].} I don't like it - it's up to other people to like it or not, it's at their own risk.

The second option is more interesting - yes buy and hold. For me, this is the best way for anyone who doesn't have much time to be active in the market. You just need to buy and hold - it's as simple as that, but it's also worth understanding the risks and potential losses involved. The potential for long-term value growth, stress reduction and several others are things worth considering, but neither of the two options above is risk-free.

[kro55]

I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.

binary trade is not safe more then bitcoin. Binary trade is high risky also bitcoin trading is risky but if you buy bitcoin for long term holding purpose then it will more better. because long time hold can bring a high quality profit for you. We see the price of Bitcoin fall many times but then it rises again and when it rises the price is higher than the previous ATH which we have seen several times before.  So if you hold long term bitcoin it will be better than Binary trade

Basically, binary trade is gambling, it is not like spot trading. Regarding the comparison between investing and trading, which method is better, I think it depends on your skills and knowledge. If you have no knowledge about trading then you should stay away from it but if you have the knowledge then making profits from trading is not as bad as many people say. For me, I do both to optimize profits and increase capital but with binary trading and futures trading, people should stay away completely because it is gambling.

[Catenaccio]

Basically, binary trade is gambling, it is not like spot trading. Regarding the comparison between investing and trading, which method is better, I think it depends on your skills and knowledge. If you have no knowledge about trading then you should stay away from it but if you have the knowledge then making profits from trading is not as bad as many people say.

If anyone asked Trading or Binary Trading is better than Investing (buy and hold) bitcoin, I am quite sure that Investing is better for that person.

Because this question reveals that person has no experience with trading, no success from trading so quite sure will not easily succeed with trading. 80% to 90% of traders fail and it is a little bit unrealistic to think that person will belong to 10% or 20% of successful traders.

If that person already investing and succeed with it, he will not ask this question.

[Crypt0Gore]

Binary trading? No for me, crypto spot trading? Spot on! I won't say you shouldn't learn because you have bought some Bitcoin, if you are very good at trading you will always have money to DCA into Bitcoin, so no knowledge is too small, presently if you only know how to buy Bitcoin, go for it, store your Bitcoin offline and move on.

While you are holding, start learning about trading and it will be best if you have a source of income, so that you can use part of the income to take risks on trading, just make sure you don't risk a lot of money and also know how to use stop loss.

It's not a must to be a trader, if you can't cope just find something else that can bring in money for you, and look forward to gradual DCA every week or month, you will real your gains in a year and half from now or two years max.