I will always prefer binging a season, if not the whole series, but unfortunately you do admittedly miss out on all the "at the moment" 'hysteria' over it. By the time you get around to watching a season/series, everyone else has already moved on to the next 'great' thing. Also, trying to avoid spoilers and news can be a literal hell if the series is literally infesting nearly all of social media and the interwebz.
But if I really like a season/series I'm watching, I'm too agonizingly impatient to continually & habitually wait 7 days for the next new episode - or horrifyingly worse - a 'break' over the holidays or using breaks to drag out seasons to match peak broadcast dates, etc.