Is Binary Options the same as trade for you?
What are the differences?
no difference for the impatient traders really. binary is just like forex scalping, one will just go short or long for a particular period of time and profit. same thing when an alt trader tries to ride a pump and get out of their position after seeing a downtrend.
In terms of crypto, if you go wrong with an altcoin, you'll lose a certain percentage (assuming you close your position at a loss). If you go wrong with binary options, you'll lose everything instantly -- that's a very important difference. I rather risk losing a certain percentage than everything all at once. It's a pure form of gambling, but it gets hyped up in the way that skills and market understanding matter for the larger part.