For a recent downturn in the market , I think day trading is highly recommended than holding. Holding over the last month has not been profitable since the bearish market is not going to stop anytime soon.
Yeah you are right when the price is low traders can make huge profits because the demand for bitcoin will increase. Everyone wants to hold lot of bitcoin so that he can earn big money when the price increases. In this situation day traders have the chance to make good profits. But you should be careful while buying and selling and in day base transactions.