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

[wtsimis]

I think, Binary cannot be traded in any way. Because it is totally risky and like gambling. Since binary trading requires you to predict price movements, you may lose the entire amount you bet. But if you invest in spot trading you may lose some percentage of your assets if the market falls but not completely.
Bitcoin is definitely a good way to hold for the long term. As the block is halving in April very soon, buying and holding Bitcoin now may see a new ATH very soon.
     

[Alana Arden]

Although easy to say, trading is not so easy. If you do not successfully trade a professional businessman you will have to lose your money. You lose your valuable time and labor you spend for business.

Trading means taking risk, whether it is a spot, a future or binary. However spot trading is good binary or future trading. So I'm not saying that the rest of the trading is bad. If you are alert you can get a good amount in a short time otherwise you will lose all your money. Like binary trading gambling. Binary trade should be avoided without high experience.

On the other hand, Bitcoin investment requires a long time, and it is a secure and safe strategy. Long -term, Bitcoin investment is much lower than binary trading. If you have been holding Bitcoin for a long time you may be profitable at the same time. Furthermore, if you have a financial crisis, you can adopt the DCA method.

To the end, we can help you with some advice. What you do depends on your skill and knowledge.

[gabbie2010]

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.

To be very honest binary trading is very risky from personal experience I am of the opinion that binary options is more like gambling that why I quit trading binary and switched to trading therefore I advice you to hodl your Bitcoin in secure wallet for a long term perspective definitely you would earn some decent profits, however if some people are making a lot of money from binary thatvis not a yardstick to force yourself into binary options probably they are lucky to earn some money infact I prefer you learn trading while hodling your Bitcoin in a wallet after some period of learning thereafter you can start trading which I believe is more preferable to binary options

[Shishir99]

I think, Binary cannot be traded in any way. Because it is totally risky and like gambling. Since binary trading requires you to predict price movements, you may lose the entire amount you bet. But if you invest in spot trading you may lose some percentage of your assets if the market falls but not completely.
Bitcoin is definitely a good way to hold for the long term. As the block is halving in April very soon, buying and holding Bitcoin now may see a new ATH very soon.

In some cases, Binary trading is worse than gambling. I mean you could predict the outcome of your bet there. If you see the return or RTP, casinos offer 99% RTP while binary trading is the worst. You have opened a $10 position, if you win, you will get only $7 to $9. It depends on the pair you have selected. But, I didn't see any pairs that offer more than 95% returns on win position. I guess we all agreed with this point that buying Bitcoin and holding it for a while is far more better than gambling AKA binary trading. So, it's time for the OP to decide with his research.

[jossiel]

Do what you are better with.

If you're good with binary trading then why keep on doing that while adding some of your profits on Bitcoin holdings? You're on a Bitcoin forum and the majority of the people here will tell you to buy and hold.

I am not different with those people because holding has been effective to me. I may not be as good as the experts but none is good in holding but each of us who have been holding for so long in corrections and skyrockets.

[Gladitorcomeback]

According to my experience bitcoin holding is more profitable and less risky as compared to trading and for trading you will be in more stressful situations whereas bitcoin holding is a smooth and less challenging way of earning and enhancing your money. Some people do both but I think very less people would have taken benefit from trading therefore if you can manage both of these at a same time then invest in bitcoin for longer time and also continue binary trading but still I will say that it is more risky so try to use less risky and trustable option rather than choosing more risky and less profitable options.

[synchronym]

op First of all you need to understand which one will be more profitable for you to trade? Whether you trade binary or trade in bitcoin there are risks in both. But the difference is that you know a little bit about bitcoin. HOW TO TRADE BITCOIN I personally think you will be better off trading bitcoins than binary. Bitcoin is risky still if we plan long term in Bitcoin with some risk and check the market surely we will get success from it. Before Bitcoin trade, we must acquire enough knowledge about Bitcoin. If we cannot acquire knowledge about Bitcoin, then we will not get much success through Bitcoin. So in case of Bitcoin, you must have a long-term plan, invest patiently, check the market and surely you will be successful. But I think if you trade patiently long term from binary to bitcoin you will definitely get something good.

[EluguHcman]

The risk of losts in Binary is extremely non-negotiable and comparable. OP I might be right or wrong, I feel you are grieved of how you recalls individuals proefficiently making money in the Bitcoin and trading spaces but you are confused of which to lye on.
If I may ask, did you ever indulged on Bitcoin investments or the so Binary trading? If yes, you should have got to decide which one would be best reliable to you or does it mean you needed a recommendation of which to go for due to their different speculation influences?

Well, Bitcoin is a reliable investment system which has the reputabilities of portraying its potentials without a deviate.
There is absolutely no reason for panics in the realm of Bitcoin investments. Just keep hodling, exercise patients and never be influenced by the negative side of the fluctuations as a result of the volatility nature of the coin.

I assume binary trading is as staking your funds to risk if you could make incomes and along the lines you could list all that you have invested. So, I would accept it to be that it is a tactical other means of gambling and i insights it that most persons whom are into the Binary trading are those who are desperate of making profits and in such case, there are inevitable circumstances like predicting what the binary trading industries could offer which lies between your gains or losts.


Bitcoin is not for everyone but anyone can make good output of it. One thing Bitcoin demands from its investors is the patient to hodling and before you could succeedly hold to your hodling, you must have an alternative source of income in support to afford your essential needs .

[Russlenat]

It’s better if you know how to perform binary trading at your own advantage, but if you are only doing this for the get rich quick mindset, I suggest go for long term hodling instead. You cannot expect profits if you trade without gaining necessary skills and knowledge, as the risk to lose is high most especially if you are still learning the process.

However, buying and hodling is less risky and less stressful so if you want to play safe with your bitcoin, don’t decide to trade if you are obviously not prepared for it, but settle first for long term hodling as the chance to make massive profits is quite high as long as you know exactly what you are doing.

[Wiwo]

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.

There is no way we can compare holding Bitcoin with trading,  in fact, both practices are not at the same level at all and that is very important to settle with so as not to make the mistake of choosing the bad one among the two.

I have not been trading for a while now and that is because I respect and value my peace of mind and also I feel more secure and free with lesser risk withholding than trading,  in fact, trading is the same as gambling even though it both are not on the same page at some point.

[Sanitough]

It depends on your own capabilities and skills. Assess yourself if you can take advantage over binary trading or you are only wasting your money and time if you resort into trading. Not all good investors are capable to trade, but most likely all traders are good investors as well.

Nevertheless, if you are still a beginner in trading, then don’t suicide doing it. There’s more to losses than profits in trading if you push yourself to it when you know you are not good and prepared enough. Take time to learn and gain experiences in trading. For now, just focus on buying and long term hodling. Make it as your starting goal to earn profits so that you can trade easily in the future when you are good enough.

[terrific]

I think, Binary cannot be traded in any way. Because it is totally risky and like gambling. Since binary trading requires you to predict price movements, you may lose the entire amount you bet. But if you invest in spot trading you may lose some percentage of your assets if the market falls but not completely.
    

If it's with binary and spot, I'd choose no doubt spot trading. I just can't take the risk with binary and what do you think has the higher risk, binary or futures?

Bitcoin is definitely a good way to hold for the long term. As the block is halving in April very soon, buying and holding Bitcoin now may see a new ATH very soon.

Thanks to Bitcoin, actually it has made investing too easy. Just like the traditional assets and investments, Bitcoin made it easy for someone who trusts it.

[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.

[wallet4bitcoin]

I consider it two entirely different scenarios. Buying Bitcoin has nothing connected to any comparison with involving in Binary trading. If you engage in Binary trade, there is a possibility of being entirely liquidated and nothing to hold onto, but in buying Bitcoin, even though the price of bitcoin plummets, you still have the same volume of bitcoin unit you have, the price is only volatile but doesn't disposes you of the asset class

[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.

[Hypnosis00]

Well, investing is quite more profitable than trading for me but can be different for others who are also good at trading. But talking about trading itself, that involves high risk which most people can afford to take it. Of course, if I were in that situation, I choose to just buy and hold Bitcoin waiting for the perfect timing to sell them.

The results may depend on our risk appetite and may varies on our interest. Some people become successful in trading but some also are in investing. But base on my experience, I could say that investing it more profitable.

[icalical]

What platform are you using to do Binary Trade? Most of those online binary trading is fraud. Their system is rigged, you can use 2 accounts make high/low options, and sometimes you will see on the same site, with the same pair, at the same time the price movement is different, meaning that they are not using real-time market, they manipulate it so they can decide whether you will get profit or loss.

Other than that it is always better when you can actually own your investment, not just playing with numbers, that's why buying Bitcoin and hold them in your own non-custodial wallet is the safest way.

[bitbollo]

I think these are two completely approach to "Bitcoin world".
OP if you like risking your assets or part of it in a "Quick" trade, binay trading can be for you.
It is understood that it is very risky, much more linked to a bet than to a real event... Just a change few second before the closure of event and you have lost.

It becomes useful as a hedging tool. the leverage aspect is also interesting but there is a very strong intrinsic risk that must be taken in account in any of these trades.

[legendbtc]

What platform are you using to do Binary Trade? Most of those online binary trading is fraud. Their system is rigged, you can use 2 accounts make high/low options, and sometimes you will see on the same site, with the same pair, at the same time the price movement is different, meaning that they are not using real-time market, they manipulate it so they can decide whether you will get profit or loss.

Other than that it is always better when you can actually own your investment, not just playing with numbers, that's why buying Bitcoin and hold them in your own non-custodial wallet is the safest way.

You have a point, this is something most people don't know about and I haven't seen anyone mention it in the past few days since this thread was opened. Basically, binary trade a scam and manipulated by the creator of the exchange. That is also the reason why we have never seen major exchanges like Binance, coinbase offering binary trading feature to their users. If OP wants to trade then he can start from big exchanges, don't use binary trade because it is a scam. But as a newbie, OP should invest for the long term rather than choosing to trade because it's not as simple as buying and holding.

[stomachgrowls]

What platform are you using to do Binary Trade? Most of those online binary trading is fraud. Their system is rigged, you can use 2 accounts make high/low options, and sometimes you will see on the same site, with the same pair, at the same time the price movement is different, meaning that they are not using real-time market, they manipulate it so they can decide whether you will get profit or loss.

Other than that it is always better when you can actually own your investment, not just playing with numbers, that's why buying Bitcoin and hold them in your own non-custodial wallet is the safest way.

You have a point, this is something most people don't know about and I haven't seen anyone mention it in the past few days since this thread was opened. Basically, binary trade a scam and manipulated by the creator of the exchange. That is also the reason why we have never seen major exchanges like Binance, coinbase offering binary trading feature to their users. If OP wants to trade then he can start from big exchanges, don't use binary trade because it is a scam. But as a newbie, OP should invest for the long term rather than choosing to trade because it's not as simple as buying and holding.

Its not actually a scam. Sorry for mentioning about some sites. Ex. Rollbit, they do have that binary kind of gambling in towards prices of some cryptocurrencies. They do base up with those real time movement which it is really that attached to exchange or something correlated to it. So its not really that basically a scam. If it was then we wont really be seeing those platforms on sitting to be one of the most famous platforms that we do have in the market today. It do really just turns out that Binary options is really that be considered to be that nearly as gambling on which we know that knowing that the market is really that volatile.
This is why it would really be that impossible that you could really be able to guess on where the price would be going on next minute. There's no technicals that could really be applied
on such condition or situation.

This is why it would really be always best that you should really know on what you are dealing with and one things for sure that they arent scam., unless if you are
dealing with those shady new sites then it might be but for older ones then it would be hard to make out those conclusions.