With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?
Right now volatility is pretty high when it comes to bitcoin and whenever there is higher volatility there is always a greater risk, however when there is higher volatility there is also the potential for greater rewards. As long as you are sensible with cutting your losses etc and not panicking you shouldn't ever lose a huge portion. By that I mean max 10-20%.