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.
That's right. First off, everything in this market is somewhat imbued with risk that can make you lose your investment if you would not deal with it the right way. Having said, day trading is one of the riskiest ventures in the market due to the fact that the market changes at any time, and there are so many trends affecting the movements of assets in it. They can happen for months at a time, but they can also happen seemingly within minutes, thus, there are so many alleys to do bad business and to make bad trades, therefore, you really need to study all your moves carefully to at least mitigate the high chance of failure.