When the market is red and drop like now, of course hold is a good step, we must be optimistic that the market will soon recover so that with a hold, we get a big profit someday.
Trade some and Hold more. Do it when yoi really in need, you don't have to make your stomach aches just to keep those coins with you. We can still earn in this red market as long as we have the courage to risk some in trading.
Yeah, in the current situation holding is the most suitable thing to do since the whole market red. But you can still do some of the day trading as that can also serve as your regular source of income but stay away from it if you don't have any experience...