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?
Its very risky nowadays because bitcoins value now are so volatile and very unpredictable, there will have a big pump and after a moment will be a big dump. Its more safe if you will just go for a long term trading and wait for your goal to reach for long term.
I agree. Since many coins in the market are dipping in value, it's, nonetheless, an added risk to the already risky trading market. That's why there are not so many active transactions happening today because many people, even the seasoned traders, are gauging the market really carefully. Also, I think that active trading needs more than just the ability to see through the market because even the best traders sometimes make wrong calls on which trades to make that ultimately amount to a loss. I think that day trading can still be a successful venture, only to those diligent enough to take into consideration all the many factors that may lead to a good trade.