Topic: Is Binary Trade Better or Better to Buy and Hold Bitcoin? - page 4. (Read 621 times)

you don't need a dilemma just because of this problem, binary trading is gambling, it's better for you to use the dca concept to buy bitcoin and target it in the long term.

there have been many people who have lost because binary trade binary is just a game algorithm, if you don't have the skills to trade bitcoin then hold is the best way. you don't need high skills to hold, just hold on and be patient.

I have tired several trading and at the end of the day I have to come on the long-term strategy because it more safer from the others like low risk , low stress etc. Moreover I will also say that for bitcoin it is always good to hold the fund for long term and adopting with the DCA method regularly.

It depends on your skills and knowledge. I think first you need to identify what you are good at, whether it is trading or holding bitcoin, because even just holding bitcoin, you still need some analysis of where to enter or what price you should enter in the market. Trading can be more complex because you will need to know a lot of things, such as technical analysis and indicators, and many more things that could help you trade efficiently. Although it's too complex, the reward will depend on how you trade, so the answer depends on you. But for me, I do both. Yes, I'm not at an expert level in trading, just enough to earn some good profit, but will I trade? I also do bitcoin holdings, saving up for a bull run or selling in a profitable position, which is more like a long-term profit, so even if you are just sitting your assets there, you can guarantee a profit in the long run.

Bitcoin for sure, binary trading is pretty much like gambling sure you can sure the technical analysis but since you could lose all your money if you pick the wrong decision then there is no fun about that and you won't learn anything, because you instantly lose all the money. The stress you would get if you lose in binary trading compared to Bitcoin is significantly different. I'd say just hold Bitcoin and wait for a long time.

Binary trade could really be considered to be a gamble considering that you would really be needing up to guess on where the prices could really go on the next few seconds or minutes or basing up on the set-up on the said platform on which we do know that the span of time given is really that too short. Even if you do say that you would really be applying some technical analysis but it wont really be giving out that kind of guarantee
that you could really be able to make up some sure trades. If you do see that you are earning some profits on binary trades then go ahead and continue on what you are doing but if you are someone who do sees
that you are already that making some losses then it would really be more better that you should really be holding your position and would rather making yourself that be idle
rather than on risking into binary on which you do know that you could lose up your coins instead.

You may be better off as a hodler than a seasoned trader with a thorough understanding of market dynamics.

Binary trading is appealing because of its quick decisions and big gains. It takes talent and market acumen that casual investors lack. Even experienced traders find binary trading's volatility and danger intimidating. High stakes, narrow margin for error.

To individuals not involved in daily trading, supporting Bitcoin by buying and holding has proven more accessible and safer. Bitcoin's growth and resilience, notably from 2022 to the present, suggest growth and stability. I think most people should invest in Bitcoin long-term rather than risky binary trading.

Trading carries the potential risk of greater loss. Bitcoin is more suitable for investment than for trading. Investing does not get the comfort that holders get. Bitcoin trading will not win in many ways compared to holders. They buy consistently and leave it in their wallet for the long term.
OP. Short from me. Don't be easily trapped by what you see. It is better to avoid trading Binary.

holding is the best option if you are observing market fluctuation.

If you don't want to be a holder, then it's at least a good idea to be a spot trader. Future trading and binary trading are too risky for you, meaning you can lose everything just because of greed or a small mistake. I'm not saying binary trading is bad for everyone, but considering you don't have a good experience, it's a good idea to avoid it.

My advice, become a holder and develop your investment strategy. If that doesn't appeal, then spot trading is the second option I recommend. You won't lose all your investment without making a big mistake if you choose these two options, you just need to be patient and develop a strategy.

First, you need to discover what you really need before you can know if you should go into bitcoin investment or binary trading.
 
Because bitcoin investment requires a long time, it's not something you will put in your money today and expect for it to give you profit tomorrow. It happens sometimes, but it's just a little that will be added to what you have invested. A bitcoin investment is also less risky if you can hold it for a long time and don't sell out of panic.
 
For binary trading, you need to learn about it, and the risk alone is very high. If you are not careful enough, you can lose everything that you put in there, so you need to study the market the same way it can give you a fast profit and also the same way it can take it all out of you in a blink of an eye in just one wrong trade.

The right term is Binary Options and it actually IS gambling in the context that such "financial instruments" shouldn't be offered in exchanges. They should be offered in casinos, where they should probably belong.


It should be said that 90% of "traders" lose money, and the traders that profit consistently are probably NOT gambling in Binary Options.

OP, choosing between Buy and Hold, and Binary Options is not a dillema. The answer is very obvious.

Since you have to ask that question, answer is pretty obvious: stick to buy and hold bitcoin tactic. Unless you are willing to spend years of your time and loads of money to actually be able to trade successfully. Then again, that's something majority of people have to realize by themselves (that trading ain't so easy as it seems at first) and lose some money while doing it.

OP can you trade? Because a professional trader wouldn't ask for public opinion on whether to trade or not. Watching YouTube videos and practicing on demo accounts isn't the same as trading live accounts. Trading may seem appealing because of the profits that can be made but there is also high risk of losing money. Holding Bitcoin for long term is a safer option for a beginner.  

Buying and holding Bitcoin is much safer than binary trading. From what I know about binary trading, I think binary trading is a gamble.  Binary trading game style is very similar to gambling that's why I don't consider this trading safe. If you can invest that money instead of gambling with your own money then it is definitely better because gambling can lose money at times but buying and holding bitcoins can give us good amount of money in future. We should invest for long term with profit potential we cannot risk losing our invested capital for small profit in short term.

I don't know what "Binary" trading is, but if you're just trying to decide between trading and long term investing, you should mostly first be doing long term investing.

For my first few years in this space I would buy bitcoin then try to trade it to make more bitcoin. The guy who told me about bitcoin told me to buy on coinbase and then go to another (now shutdown) exchange and told me about altcoins and told me to trade. While I am grateful he introduced me to Bitcoin all the way back in 2013, I wish he had never mentioned trading to me hahaha. Trading with my bitcoin to make more bitcoin never worked out long term. I'd have a lot more bitcoin right now if I just bought and held.

It was only these past six years that I have separated my bitcoin holdings from my trading stash. I buy bitcoin as a long term investment, and then in addition to that I have cash that I trade with, trading against USD. Goal of my trading is to make more USD. So when I do well with trading I make a bunch of cash which is great! When I do poorly in trading I don't lose any of my all-important long term bitcoin!

If I could go back to 2013 I would have told myself to put a little bit of money onto an exchange to practice trading with, but with the majority of my money just buy and hold bitcoin long term and leave it alone, and never mix the two things.


So, if you don't already have a sizable amount of bitcoin that you are holding long term, start accumulating bitcoin first so you can build your long term wealth. Then later you can get a decent sized trading stash going to try to make income from. Or you can set aside a little bit of money now for trading to practice trading and get more skilled in it, while using most of your investable money to simply buy bitcoin and hold it long term.

This is the first time I heard about trading Bitcoin Binary Options. In fact, this is the first time I even heard of binary options.

One of the first google search results that pops up when I google binary options is a blog warning me about binary trading scams. After a bit more research, I understand that binary trading is basically guessing that BTC reaches a certain price by a certain time or you lose all your money? Sounds exactly like gambling to me.

Basically it is trading with derivatives but with an even riskier category of liquidation.  

Hodling is 100% the better option.

You could lose a fortune engaging in binary trade in a short period because it has some key similarities with gambling. Some persons who have experience or skills in the trade are making money from however i will not recommend it to anyone. But I will suggest to anybody to consider hodling Bitcoin because it is somehow certain that it will be profitable if held for a long time. My advice is for you to patiently buy and hold Bitcoin and discard your urge to engage in binary trade. Even if you don't have bulk money to invest in Bitcoin, you could consider using the DCA strategy. However, it is up to you to decide your best option.


You could ask them how they are making money, maybe they can give you a hint of how you could make money. But you have to be careful of scams and Ponzi schemes.

Binary trading is considered gambling, you could do this if you are really good at it but it's safer to just hold. Since you sound very newbie, it's holding BTC and keep learning first. You learn how to trade first before trying out binary trading, it's not for new traders. I think that's the reason why there are fewer platforms for binary trading anymore since more people learned it is not for them.

I have tried binary trading myself. Picking which platform is the hardest, crypto binary trading platforms are often scams.

Binary trading seems like gambling to me. I think binary trading has a lot in common with forex trading. Binary options trading also requires analysis like forex trading. A good profit cannot be expected if the analysis is not done properly. There is a lot of risk involved.

You invest bitcoins instead of trading this binary. You may know and understand about crypto currency so I say you buy bitcoin and hold it for long time you will be very safe.

Please if you do not understand trading, DO NOT ENGAE IN IT. 99.9% of traders lose money woefully but they will never tell you this. In fact, those who are successful traders took many years to achieve that. In contrast, becoming a successful holder of assets like Bitcoin requires no prior experience. When you hold bitcoin, you do not lose your money instead it grows. When you hold bitcoin in the long term you make money. Additionally, the advantage of holding lies in the ability to weather bear markets, with the assurance of recovery during subsequent bull markets if one refrains from panicking and selling. Hey, just do two things - DCA and HODL. It is going to change your life.