Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.
I believe that at the present time day-to-day business is the safest choice and the least risk. You can see that the price of bitcoin at the moment is very complex and difficult to predict and the market is in crisis, so trading on a daily basis will help you control the risk, control be your capital. You need to have a specific plan before the trade.
Never, in any time, day trading never give you a safe point in the cryptocurrency market. Day trading is always risky than long term investment. Because you always have to face the price, the rumor, the news of cryptocurrency. If these things are same your prediction, you will not have any loss. But why do you not try to imagine these things become different your prediciton? It means you will lose money, even, lose a huge amount of money is possible.
I am not agree with your statement, because i personally know some day traders in my area, and they are really making a very good money from day trading, they are only busy with day trading and do not like long term trading or investment, in fact they are doing day trading for a long long time and therefore they have now got a very good experience and it is more easy for them to do day trading as compare to long term trading.