Yeah I think the advantage is that you can get profits quickly and maybe you can get it every day, even though the benefits you get are small, because you have to make the best use from the margin price, but the risk will be far greater than holding it right?
Depends on the current market situation. if its a bull market yes you can earn profits quickly but in bear markets like what we are experiencing now, its hard to be a day trader. You have to chose carefully or else you will end up shifting from day trading to long term hodling. for day traders, setting an achievable goal is important. Setting a 10% profit in a day might not be a good idea.
Day trading has benefits and risks as well. Day trading needs more time and experience and if you have these two then it is confirmed that you can make good profit on daily basis. You will not have to wait for long. In my opinion day trading is much better than holding coins for long time because we experienced that long holders of last year lost big money due to fall in the price in this year.