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.
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.