With the unpredictable changes in bitcoin price people have chosen to hold instead of day trading, I mean the majority have.
How risky is day trading at the moment?
most day traders lose money.
https://www.thebalance.com/why-do-forex-traders-lose-money-1344936Not only that... Even if you gain money because you were going to win due to the fact that you were investing in a market while it was going up, you might end up not gaining as much as you would holding ( that happened to me)
Most of the increase happens in just a small portion of the days. If you miss out on your trades, you will lose a lot of money that you would gain holding long term.