So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better
I don’t see any chance that you will say short-term trading, or as you call it, daily trading, involves more self-discipline because in long-term trading, that is when you will know what self-discipline means because, without patience, there is no way you will have that kind to keep the money for the long term. Long-term trading is more risky than short-term trading.
Although everyone has its own advantages and disadvantages, consider that everyone has the one they prefer, but for me, I do both, and if you are doing short-term trading, you have a higher chance of depression and anger because you might tend to lose more than you expect frequently, and that will affect your mental health and cause tremendous problems.