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

[crwth]

It depends on what you are trying to do, if you want to earn you can trade. If you want to be sure, you could hold.

The best thing you could do is to automatically trade and have a strategy for HODL-ing, Dumping, and just swinging and making sure you profit. I have been doing this using my Gunbot so I'm currently happy with this. Just make sure you don't put all your eggs in one basket.

[salad daging]

Maybe you want to make money faster with binary trading but you should know the risk of losing money faster you will have a stressed mindset after failing in binary trading, if I were you then I would avoid binary trading and would not look in terms of profits that others show.

If you already have experience why not find bitcoin while investing? Wouldn't that be better and you wouldn't worry about losing money like in binary, I think this is quite logical why many people choose investing over binary trading because they know the risks that you have to bear.

I also have experience in the past in this trade is not what you think is easier, so the comparison after HODL bitcoin then it is much better even though it must be with patience.

[BD Technical]

Maybe you want to make money faster with binary trading but you should know the risk of losing money faster you will have a stressed mindset after failing in binary trading.

I was in a situation where money became essential what else was I going to do.  Because in the beginning family promotion and.  It is very difficult to cope with the pressure of the family because I am almost done with my studies and now I am mentally broken with nothing left to do.  I want to do it because I am not getting any job because I have some capital and I am going to invest the capital in a good place but I am not getting that good platform.  For that, I was asking for some help from you who would invest and what would be fairly good, besides, I don't have any other star to earn money but one of my own.  I wanted to buy and invest and therefore came to you.

[Volimack]

According to me, the risk in binary trade is high you need to have a deep knowledge of the market. Many times in the market you cannot easily understand whether the price will rise or not. Again with regular practice you will get the right time to trade many items. But some times should be avoided. Because these times can make you lose again and again. It is better to hold bitcoins than the market volatility but the risk is lower than binary trading. Bitcoin is in the halving position and its value will increase further.

[Mr. Magkaisa]

      -    Bitcoin still holds the effective method, because this method is also the method that is used in other cryptocurrencies, in fact also through DAC, which is done by almost the majority of crypto communities in this field of crypto business.

Most of the problems I have seen are in binary trading, where most traders in this part are only doing more hype, and the amount of people who see that on Facebook about this in binary are exploitative people. by the way. Therefore, beware of others who will try binary trading.

[LastKiss]

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.

Don't easily get persuaded by someone who earns lots of money from trade because when you trade you won't 100% get what they did. Binary trade and Hold Bitcoin have their own plus and minus if you willing to risk losing your money with more profit you can start to learn how to binary trade. Choose which strategy that suits you better, hold without any mind burden or trade with your own risk.

[blckhawk]

You said it yourself already, that you're having troubles understanding if you should binary trade or just hodl, I assume that you're talking about binary trading so here goes what I think you should do, I think that you should do hodling more than trading because it's far more easier for you to do hodling than trading since it's much more risk free than trading. At the end of the day, follow what you think you want to do because I feel like you asking this question, you really do want to do binary trade and that you only want us to support you, so do what you want to do OP and just do your due diligence of practicing trading and doing some research in binary trading if you chose to pursue that path.

[SOKO-DEKE]

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.

When considering the risks that come with binary trading versus taking a long-term approach to owning Bitcoin, it is clear that wise counsel would usually dissuade people from exploring the intricacies of binary trading. Even though trading with a thorough grasp of market dynamics and a significant amount of capital might be profitable, it is important to recognize that trading activities always carry a high degree of risk. Losses are an unavoidable aspect of trading, even with a sophisticated understanding of its nuances.

Considering the significant psychological and administrative burdens that come with trading, the longer-term holding approach appears to be a more tranquil and less taxing option when working with Bitcoin. Holding for long periods of time reduces the constant requirement for careful study and ongoing judgment that comes with trading. Choosing a safe non-custodial wallet in this situation is a wise decision for Bitcoin owners in order to protect their holdings during retention times and provide a smooth transfer for when the time comes to sell Bitcoin.In addition to reducing stress, this calculated move supports a more patient and resilient investment mindset, which encourages a more stable course in the erratic world of cryptocurrency.

[Humblevirus]

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.

Long term Bitcoin investing is thought to be a safer strategy that reduces stress and hazards. Early investors who bought Bitcoin at lower prices and stuck onto it over time have shown that holding onto it for extended periods of time may be a rewarding approach. These people have made significant gains, demonstrating the possible benefits of a patient investment approach.

Binary trading, on the other hand, necessitates in-depth expertise and steadfast attention, even though it offers regular reward potential. Binary trading is hard for people with busy schedules since it takes time and continual attention to be successful. If it is impossible to set aside enough time for consistent participation in binary trading, going with the more stable route of long-term Bitcoin ownership makes sense.

For those looking for a more laid-back and low-risk approach to cryptocurrency investing, the duration of Bitcoin investments has historically produced outstanding returns. The success stories of those who invested in Bitcoin early on and managed to hang onto their money are proof of the possible profits that may be attained by following a long-term and patient investment plan.

[SamReomo]

Never ever do binary trading, it's just a type of scam and nothing else in my eyes, go with either spot Bitcoin trading or investing. I would suggest you to invest in Bitcoin and hold your investment in a proper way to earn profits in long term.

If you're good at trading and you have patience to see the ups and downs on the market then you may go with spot trading but not at all with binary trading. I used to trade binary options in 2014-2015 and back then I lost a lot of money doing that. That's high risky type of trading and is full of losses.

With binary trading you're just gambling but not the type of gambling you does on casinos but the worst gambling that anyone can do. With casinos at least you can win if your luck is good but in binary trading there's no chance of winning even if you're good at trading or you're lucky. Just avoid it!

[Ruttoshi]

I will advice you as a newbie who wants to benefit from bitcoin not to think of trading currently. You should think of investing and hodling your bitcoin got a very long time. It is very easy to invest and hodli, because it is very easy and stress free to hodli than to trade. If you think that you want go into trading to make profit, it is the worst thing to do, because you will end up losing your bitcoin. Think of how you can invest a particular amount into bitcoin weekly or monthly regularly using DCA. This will enable you to increase your bitcoin portfolio with time. It is better to have an investment first than to start thinking of trading, because it is not easy to make profit in trading but easy to run at loss.

[BitcoinsGreat]

It depends on what you are trying to do, if you want to earn you can trade. If you want to be sure, you could hold.

The best thing you could do is to automatically trade and have a strategy for HODL-ing, Dumping, and just swinging and making sure you profit. I have been doing this using my Gunbot so I'm currently happy with this. Just make sure you don't put all your eggs in one basket.

I will prefer holding Bitcoin rather than risking it on the binary trade. Binary trading is like gambling where you can lose all of your money. Hence i will prefer safety for my money and for that purpose holding Bitcoin is the key for me. Also, it is better to buy bitcoins in parts and not all at once. Doing DCA is another best way to keep your average buying price down.

[Franctoshi]

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.

From my experience, I will tell you to totally avoid Binary trading, this is where I started with my journey into trading and the end wasn't funny on my side, I lost more than a thousand dollars as at then, well though I have not gained the experience I have now, however, I have not tried it lately if it will be now profitable in my end despite me having some friends who are still making money from Binary.
Therefore, If you are totally a beginner in the space just rest your case about Binary and Hodl Bitcoin you are better off holding Bitcoin and having a peace of mind.

[RioBlemz]

Trading Binary is risky. From what you said it shows you must have had basic knowledge in Crypto I will not advice anybody that is not willing to lose to trade binary. If you can bear the risk and you have knowledge then trading will earn you good fortune.
Thanks   

[Z390]

Binary trading is a bad one to start with, go for crypto trading it will give you peace of mind, although you still have to learn how to trade very well before you start taking risks, losing money is very easy in trading, the most risky one is futures and leverage, stay away from these two, go for Spot trading as a beginner, it's way better and profits are always lower unless you have a lot to trade with.

Holding Bitcoin is the best for beginners, it's certain that Bitcoin will surge in the near future so holding is more like a waiting game, just wait it out, and mind you, while holding you need to a source to survive with, holding isn't going to give back anything while you with until bitcoin reach a new all time high, so you need to survive.

There is no other way to survive a long term hold than this, find something that keeps your time and look up to the future, don't stare at your crypto wallet all the time, if you are making good money every month or week you can also keep buying BITCoin using DCA method.

[retreat]

Investing in Bitcoin is 1000000% much better than Binary, the reason is because Binary is an algorithm and it is not trading, when you put your money on Binary it is the same as gambling your money and you cannot guess where the market will go. Meanwhile, with Bitcoin, you can invest in it and carry out both technical and fundamental analysis of the market. You can determine what strategies you can use to make a profit in the market and what's more, Bitcoin has the potential so that even if you just hold it, you can make a profit in the long term.

[Distinctin]

Maybe you want to make money faster with binary trading but you should know the risk of losing money faster you will have a stressed mindset after failing in binary trading.

I was in a situation where money became essential what else was I going to do.  Because in the beginning family promotion and.  It is very difficult to cope with the pressure of the family because I am almost done with my studies and now I am mentally broken with nothing left to do.  I want to do it because I am not getting any job because I have some capital and I am going to invest the capital in a good place but I am not getting that good platform.  For that, I was asking for some help from you who would invest and what would be fairly good, besides, I don't have any other star to earn money but one of my own.  I wanted to buy and invest and therefore came to you.

If you are looking for immediate returns, you can do binary trading but make sure that you are also capable to make it work and overcome the risks, otherwise you will only lose your money and you will fall like gambling while doing binary trading.

However, if you focus on hodling, although it’s safer than binary trading but you will only see possible returns after months or years of hodling, so you have to properly weigh things which path to take. But for better results, you can do hodling and at the same time do binary trading provided that you can cater and manage its different risks. Making money becomes easier if you are able to manage the risks and consequences well.

[Wind_FURY]

It depends on what you are trying to do, if you want to earn you can trade. If you want to be sure, you could hold.

The best thing you could do is to automatically trade and have a strategy for HODL-ing, Dumping, and just swinging and making sure you profit. I have been doing this using my Gunbot so I'm currently happy with this. Just make sure you don't put all your eggs in one basket.

Replace the word "earn" with the word "gamble". If you want to earn, you shouldn't trade. You should find a job, and earn the money you worked for.

Plus I'm very sure that 90% of posters in the topic, including me, has not/will not "earn" anything consistently from "trading" these volatile markets long term.

Buy the DIP, and HODL.

[MFahad]

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.

why can't you do both?  I assume by binary trading you mean with fiat.
do you know that you can do binary trading with bitcoin and altcoin too right? you can invest in bitcoin and also do trading at same time. now if the reason of asking this question is lack of funds than that's a different story.
In that case I would suggest you to go with Bitcoin. You can either HOLD or Trade with them if you have experience with trading.

[Crypto Library]

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.

Both can be done at once and before I give you a suggestion which one is better for whom depends on the person's skill. If you are a complete newbie then I would suggest you to first acquire fundamental knowledge about trading and then if you have a stable income then start investing monthly or weekly from there with a certain amount and which is an affordable percentage with using DCA method for the long-term.
I do not suggest binary trading for you because it requires experience and a lot of fundamental and technical knowledge otherwise nothing but loss can be gained from binary trading. And besides, binary trading seems a lot like gambling to me.