Daytrading in any form, is similar to gambling imo.
Dont get me wrong, daytrading is totally different from just buy bitcoin at its low then holding on to it.
When you are doing day trading, your making multiple trades within that hour depending on your approach.
No, that's not necessarily true. To be specific, that would be "intra-day" trading. Day trading positions can take place over the course of days (plural) to be sure. I rarely make more than one trade in a day (scalping), but I do trade on the 1hr/4hr charts, so, days.
Intra-day trading is perfectly possible, on bitstamp for example its common see more than 0.4% variations when the market is sideaways, so its possible have at least small profits from day trading.