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.