Binary options VS crypto signals
A year and a half ago I was looking for an opportunity to multiply my savings and I stumbled upon binary options. It seemed like an interesting idea to me. First of all, it is easier than dealing with stocks and companies. Secondly, the expected profit or possible loss on the trade was known in advance.
The potential profit had to be many times greater than the value of the binary option itself. After I started buying different types of options, I realized that the money was not multiplying, in fact, it was becoming less and less. I started reading about this tool and came across a lot of articles from the SEC and Commodity Futures Trading Commission where they warned against using binary options. I found out that in the USA, Canada, and Israel no internet platform, broker, or other organization is legally allowed to provide binary options service. Moreover, the IRS explicitly states that binary options are speculative and fraudulent tools. By the time I took my money back, only 28% of my original deposit left.
Of course, I can only talk about my personal experience, but I do not advise anyone to deal with binary options. I decided to invest in cryptocurrencies the part of the money that I managed to save. On the recommendation of a friend, I started reading the Discord channel ‘Pennygene’ (https://discord.gg/QK9fHaj38c) where guys who know about cryptocurrencies advise me on what positions to buy and when to close them. (I don’t want to share a link to their channel, as it’s not advertising.)
If you want, you can easily find them on Google. From September 2020 to mid-February 2021, I made about 450% with them, which means I regained the original deposit I had before I lost on binary options and even earned 25%.
