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?
There are many risks associated with day trading. It involves costly capital. Like there are many considerable up-front costs like hardware, software, and news services have to be paid before you can begin trading. Ongoing expenses like ECN fees, real-time news fees, and communication charges have to be paid. A lot experience is needed to judge the movement of the market. As future is uncertain, prediction may fail. Also, day trading is much more addicting than gambling.