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.
I used to trade a lot but I have found that much of the time its just as good to hold. Also with new tax laws, there is a lot of book keeping that is supposed to be done to track all of the trades and to me I dont think its worth it.
Life is much simpler to just hold for a few years and then cash out for a decent profit. We are getting in early enough that we can see big profits from holding.
You aren't kidding with all the bookkeeping work. I have a couple clients that are heavy into crypto investing (I'm an accountant), and even with my knowledge of accounting, it's still tough to keep up with all the trade conversions when these guys are super actively trading.