Topic: Is Binary Trade Better or Better to Buy and Hold Bitcoin? (Read 568 times)

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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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.

   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.

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. .

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.

Of course it comes down to skill, but when it comes to risk, we all realize that at the end of the day, trading is a situation where we will definitely be more at risk than 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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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 .

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.

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.

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.

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.

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

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.

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.
     

Both can be done at once and before I give you a suggestion which one is better for whom depends on the person's skill. If you are a complete newbie then I would suggest you to first acquire fundamental knowledge about trading and then if you have a stable income then start investing monthly or weekly from there with a certain amount and which is an affordable percentage with using DCA method for the long-term.
I do not suggest binary trading for you because it requires experience and a lot of fundamental and technical knowledge otherwise nothing but loss can be gained from binary trading. And besides, binary trading seems a lot like gambling to me.

why can't you do both?  I assume by binary trading you mean with fiat.
do you know that you can do binary trading with bitcoin and altcoin too right? you can invest in bitcoin and also do trading at same time. now if the reason of asking this question is lack of funds than that's a different story.
In that case I would suggest you to go with Bitcoin. You can either HOLD or Trade with them if you have experience with trading.

Replace the word "earn" with the word "gamble". If you want to earn, you shouldn't trade. You should find a job, and earn the money you worked for.

Plus I'm very sure that 90% of posters in the topic, including me, has not/will not "earn" anything consistently from "trading" these volatile markets long term.

Buy the DIP, and HODL.

If you are looking for immediate returns, you can do binary trading but make sure that you are also capable to make it work and overcome the risks, otherwise you will only lose your money and you will fall like gambling while doing binary trading.

However, if you focus on hodling, although it’s safer than binary trading but you will only see possible returns after months or years of hodling, so you have to properly weigh things which path to take. But for better results, you can do hodling and at the same time do binary trading provided that you can cater and manage its different risks. Making money becomes easier if you are able to manage the risks and consequences well.

Investing in Bitcoin is 1000000% much better than Binary, the reason is because Binary is an algorithm and it is not trading, when you put your money on Binary it is the same as gambling your money and you cannot guess where the market will go. Meanwhile, with Bitcoin, you can invest in it and carry out both technical and fundamental analysis of the market. You can determine what strategies you can use to make a profit in the market and what's more, Bitcoin has the potential so that even if you just hold it, you can make a profit in the long term.

Binary trading is a bad one to start with, go for crypto trading it will give you peace of mind, although you still have to learn how to trade very well before you start taking risks, losing money is very easy in trading, the most risky one is futures and leverage, stay away from these two, go for Spot trading as a beginner, it's way better and profits are always lower unless you have a lot to trade with.

Holding Bitcoin is the best for beginners, it's certain that Bitcoin will surge in the near future so holding is more like a waiting game, just wait it out, and mind you, while holding you need to a source to survive with, holding isn't going to give back anything while you with until bitcoin reach a new all time high, so you need to survive.

There is no other way to survive a long term hold than this, find something that keeps your time and look up to the future, don't stare at your crypto wallet all the time, if you are making good money every month or week you can also keep buying BITCoin using DCA method.

Trading Binary is risky. From what you said it shows you must have had basic knowledge in Crypto I will not advice anybody that is not willing to lose to trade binary. If you can bear the risk and you have knowledge then trading will earn you good fortune.
Thanks   

From my experience, I will tell you to totally avoid Binary trading, this is where I started with my journey into trading and the end wasn't funny on my side, I lost more than a thousand dollars as at then, well though I have not gained the experience I have now, however, I have not tried it lately if it will be now profitable in my end despite me having some friends who are still making money from Binary.
Therefore, If you are totally a beginner in the space just rest your case about Binary and Hodl Bitcoin you are better off holding Bitcoin and having a peace of mind.

I will prefer holding Bitcoin rather than risking it on the binary trade. Binary trading is like gambling where you can lose all of your money. Hence i will prefer safety for my money and for that purpose holding Bitcoin is the key for me. Also, it is better to buy bitcoins in parts and not all at once. Doing DCA is another best way to keep your average buying price down.

I will advice you as a newbie who wants to benefit from bitcoin not to think of trading currently. You should think of investing and hodling your bitcoin got a very long time. It is very easy to invest and hodli, because it is very easy and stress free to hodli than to trade. If you think that you want go into trading to make profit, it is the worst thing to do, because you will end up losing your bitcoin. Think of how you can invest a particular amount into bitcoin weekly or monthly regularly using DCA. This will enable you to increase your bitcoin portfolio with time. It is better to have an investment first than to start thinking of trading, because it is not easy to make profit in trading but easy to run at loss.

Never ever do binary trading, it's just a type of scam and nothing else in my eyes, go with either spot Bitcoin trading or investing. I would suggest you to invest in Bitcoin and hold your investment in a proper way to earn profits in long term.

If you're good at trading and you have patience to see the ups and downs on the market then you may go with spot trading but not at all with binary trading. I used to trade binary options in 2014-2015 and back then I lost a lot of money doing that. That's high risky type of trading and is full of losses.

With binary trading you're just gambling but not the type of gambling you does on casinos but the worst gambling that anyone can do. With casinos at least you can win if your luck is good but in binary trading there's no chance of winning even if you're good at trading or you're lucky. Just avoid it!

Long term Bitcoin investing is thought to be a safer strategy that reduces stress and hazards. Early investors who bought Bitcoin at lower prices and stuck onto it over time have shown that holding onto it for extended periods of time may be a rewarding approach. These people have made significant gains, demonstrating the possible benefits of a patient investment approach.

Binary trading, on the other hand, necessitates in-depth expertise and steadfast attention, even though it offers regular reward potential. Binary trading is hard for people with busy schedules since it takes time and continual attention to be successful. If it is impossible to set aside enough time for consistent participation in binary trading, going with the more stable route of long-term Bitcoin ownership makes sense.

For those looking for a more laid-back and low-risk approach to cryptocurrency investing, the duration of Bitcoin investments has historically produced outstanding returns. The success stories of those who invested in Bitcoin early on and managed to hang onto their money are proof of the possible profits that may be attained by following a long-term and patient investment plan.

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.

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.

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.

      -    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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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...

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.

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.

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.

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.

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.

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.

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.

Trading & Holding are both 180-degree concepts where the trading requires proper management skills such as emotion, TA, FA, and price action with some decent experience it's a full-time job, and at the same time investment/holding is a strategy of one-time effort where you only need the basic information and an overview of FA. Now the deciding ball is the user's court, trading can be highly rewarding.

On my end I play in between with different coins, for Bitcoin I will always suggest the holding strategy as you know its the most safe play haha.

Binary trade is equal to gambling. You never know what is going to happen. I always doubt that the movement that happens on the binary chart isn't real. These are fake charts that move according to how the website owner wants. You won't notice those movements on the real market for obvious reasons. Binary trade's are just like you place a bet and you don't know what will happen.

Sometimes, it's worse than gambling. Because you could predict the gambling market but binary does not work that way. So, you should go with the 2nd option. Holding Bitcoin is less stress as another member has pointed out already. Do DCA and wait for the bullrun.

Trading is stressful. There is a high chance that you will lose money. And when I say trading, it means all kind of trading which includes cryptocurrency, stocks or binary. So if you are okay to deal with such kind of stress go ahead with binary trading. But if you do not want such stress in your life, go for holding. This is true for stock market as well.

Trading can generate a good amount of income for you but the risk is also very high. And in finance the reward is higher when the risk is high. If you do not want to deal with such kind of risk, simply hold for longer term. That should do the magic.

I will always tell you, to hold, because holding is less risky and long-term holding is more profitable. Trading is high risk. Trading is like gambling, although it is not gambling, because when we lose in gambling we lose all our money, just like in trading if we lose our entire money is lost. So I would say you should hold Bitcoin for long term, it will give you a lot of returns.

You don't have to ask since you already know the answer.

If you have a stable job that pays well, you will choose holding Bitcoin.

If you don't have a stable job or job that pays not enough to live comfortable, but you can make money in binary trading, you will choose trading.

As simple as that, isn't?

Don't trade on Binary that's too risky it is not the same as spot trading it is gambling if you fail to predict the price movement all of the amount you bet will be lost compared to spot trading you can only lose some percentage of your current crypto amount you trade.

Buying Bitcoin while holding it is way safer if you compare it with Binary trade but take note Bitcoin is very volatile anytime the value can drop or increase. Hence, it's not advisable if you don't know when to invest in Bitcoin to hold long term. However, since block halving is coming for me the current price is still a good price to invest in Bitcoin and hold until the end of block halving this April we might see a new ATH this coming June or July.

Holding is better and less stressful. It is also not risky like trading. Losses in holding are unrealized unlike trading as traders accept their losses very early or facing trading asset liquidation.

I have been trading for over four years and also holding. What I realized is that holding is better than trading. See trading as gambling although it is not gambling.

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.