I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Both activities have the same goal, namely to make a profit, but in my opinion, for those who have small funds and want to get faster profits doing daily trading is a good alternative, but if you have cold money that is not being used of course you can invest it in investments that are long term like BTC or ETH.
But indeed, if you have sufficient finance or capital, it doesn't hurt to divide your portfolio into two portfolios, namely day trading or long-term investment, both strategies can actually be very profitable if we can do it simultaneously, but in doing daily trading we need analysis. the right way to find market inefficiencies so that they can provide profits quickly.
While in terms of investment, we only need to see how good the asset is and do fundamental analysis to determining which assets we buy and hold, Long-term investment doesn't always promise big returns, but I personally think that long-term investment might be more of a savings for the future.