I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.
Preference on how will you make profit out of crypto depends on the user itself. Trading in my opinion is a bit risky unlike investing especially with bitcoin where profit has a more chance to be earned due to the high demand on the market. But the best thing to do is to try all of it and see it for yourself.
Yes, you can find it out by trying everything such as trading, mining and investing. The one that suits you the best must be your choice. In my opinion, we never learn until we lose some of the amount while trying to do different stuffs. Once we lose some amount, we next time be more careful and do research and analysis before taking any decision in the world of crypto market. If you are much of a risk taker, you can do day tradings. Just remember, whatever you do, patience is the key to success and profit.
Very wise words... patience is the key to success and profit. I like to think about the stories I've heard where people bought bitcoin a long time ago, forgot about it for many years and/or didn't pay attention to the market, and then cashed out when bitcoin hit the news and was surging. The people that made out in the end were the ones that just let the market do it's thing and grow. They didn't freak out when the market dipped...becuase they didn't know about it. They just Hodl and the market naturally appreciated.
I've purchased tokens that I expect to hold onto for years to come. Lol...probably because I can't stand the emotional stress of day trading (haha)