Is Binary Trade Better or Better to Buy and Hold Bitcoin? - page 3.

SOKO-DEKE

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Quote from: BD Technical on January 31, 2024, 08:42:00 AM

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.

blckhawk

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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.

LastKiss

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Quote from: BD Technical on January 31, 2024, 08:42:00 AM

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.

Mr. Magkaisa

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- 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.

Volimack

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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.

BD Technical

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Quote from: salad daging on February 01, 2024, 10:44:39 AM

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.

salad daging

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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.

crwth

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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.

Crypt0Gore

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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.

Catenaccio

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Quote from: kro55 on February 01, 2024, 06:15:46 AM

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.

kro55

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Quote from: leonair on February 01, 2024, 01:27:35 AM

Quote from: BD Technical on January 31, 2024, 08:42:00 AM

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.

_BlackStar

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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.

leonair

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Quote from: BD Technical on January 31, 2024, 08:42:00 AM

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

bobbybkk

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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...

rodskee

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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.

BD Technical

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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.

Kemarit

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Quote from: BD Technical on January 31, 2024, 08:42:00 AM

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.

mirakal

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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.

Obim34

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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.

red4slash

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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.

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