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?
The reason why day trading is extremely risky is because there are altcoins that can be considered as bubble. You can easily lose your money if you pick wrong altcoins. You should really choose wise altcoin for you to generate income.
If you are trying to pic a coin for daily trading you only need a good coin in terms of having a big volume because this coins is so volatile so you can make more movements and in just a minutes or hours you can make a swing trade but this requires and recommended for the traders who have skills in this style.
Proper analysis and good experience is needed in order to gain good profit when you do day trades. Unlike with long term traders, most of them is monitoring the road map of the project of the coins they've been investing of because without that your decision of picking that type of coin is worthless. Volatility of the coins of cryptocurrency is clearly visible, so in terms of risk its just normal for day traders that's why I won't recommend day trading for beginners. This is good only for those investors with huge amount of buffers, which is their saved assets like the btc balances to use for buying altcoins.