I can tell you that holding bitcoin is the most comfortable choice. Trading has a high risk of loss. You can still make profits by following the plans, if it helps you, here I leave you my trading projections if it helps you.
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Topic: Is Binary Trade Better or Better to Buy and Hold Bitcoin? (Read 621 times)
Better to just buy and hold. I know that this is a personal preference thing and some people would prefer binary trading or spot trading or leverage or margin, basically they prefer anything they want to prefer and that would not be all that bad.
However, we are talking about a situation that would not be all that easy to do if you prefer anything like that whereas it is quite easy to just buy and hold. Imagine this, you have a bank account, just like almost everyone in the world, and you have some money right? All you have to do is wire some money to your local exchange, buy bitcoin. That is it, you are literally done, after that you do nothing at all because "hold" is not something you do, it's literally just nothing at all.
However, we are talking about a situation that would not be all that easy to do if you prefer anything like that whereas it is quite easy to just buy and hold. Imagine this, you have a bank account, just like almost everyone in the world, and you have some money right? All you have to do is wire some money to your local exchange, buy bitcoin. That is it, you are literally done, after that you do nothing at all because "hold" is not something you do, it's literally just nothing at all.
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.
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.
This discussion is continuing as one-sided. OP, five pages of the discussions so far, and if I am not wrong, everyone in this thread suggests you buy Bitcoin hold it for a while, and forget about binary trading. I am unsure if you are an expert in binary trading. I doubt that. But, I know that some people make a good amount of money from binary trading and they are well expert. But, you need a lot of time and practice to be such a person. I guess this discussion should be done as 100% votes with Bitcoin so far.
I would say holding bitcoins is hundred times better than binary trade comparison. In binary trading you need to make predictions like whether the price will go up or down now. But if you make a mistake, your entire wealth can be gone. But investing in Bitcoin will by no means empty your entire wealth. Maybe your wealth will decrease by some percent if the market price goes down. So I would say buy bitcoins without binary trading and hold for a long time.
In this case, I recommend holding Bitcoin rather than choosing binary trade. in holding bitcoin, it has less risk than binary trading. I know several people who did binary trades and made huge losses. Even though not everyone loses in binary trading, however, I feel that holding Bitcoin is much better because there are many aspects that benefit us in honing our trading skills independently, improving analytical techniques and research, and so on. Apart from that, what is also important is the lower risk. I prefer to take lower risks but still have large potential profits, and I think holding bitcoin is the right choice. .
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.
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.
Indeed, in this case both have an indication of loss because in crypto no one is safe in doing anything but we can see that the risk of investing will be very much smaller than trading.
Everyone can do whatever they want in this case whether it is trading or investing everything is very doable but in the end we also have to realize our own strengths and abilities whether we are able to overcome risks and be prepared for all the possibilities that we will face in trading because in the end this becomes something important because if we just try without having any knowledge everything will only be like gambling where instinct and luck are what they expect in trading.
But the higher the risk, the higher the profit, everything is proportional to each other. With trading, you can make profits every day but with investing, you cannot do that. People who choose trading instead of long-term investing have their own good reasons even though they also know that trading is riskier than investing.
For me, I can't say which is riskier because each person has a different ability and choice, but I agree with you. If we are not suitable, have no knowledge about trading but still stubbornly choose, it is like we are gambling.
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.
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.
Indeed, in this case both have an indication of loss because in crypto no one is safe in doing anything but we can see that the risk of investing will be very much smaller than trading.
Everyone can do whatever they want in this case whether it is trading or investing everything is very doable but in the end we also have to realize our own strengths and abilities whether we are able to overcome risks and be prepared for all the possibilities that we will face in trading because in the end this becomes something important because if we just try without having any knowledge everything will only be like gambling where instinct and luck are what they expect in trading.
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.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.
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.
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. 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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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. 
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.
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.
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.
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.
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.
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