I'm in the camp that tried day trading and didn't like it. You have to be there ALWAYS or you will miss out. If you want a life and don't bot, you're sunk.  

And then there's the fact that the best way to do day trading is with a lot of coins so even small ups can net a profit. Of course large amounts on the line also makes it even riskier.

I short term hodl, reassessing two or three times a month. This allows me to react to changes and gain money without having to have a ton of time tied up in something super risky. I also have some longer term hodl that is reassessed every six months. This lets me have a cushion just in case something goes wrong.