I think both strategies are good and can be highly profitable if you do everything perfectly.
For me, hold is also a long-term form of trading because the holder will sell the tokens/coins in future to make profit. If the price continuously increases for a long time, the profit will be extremely large.
Conversely, fast trading helps traders control profits better, but most traders I know only achieve profits of about 20%-30% per month. Those are extremely successful people.
My good friend chose both of them. He invests 50% of his assets in top 10 coins to hold for the long term, and at the same time uses the remaining 50% of assets for profit trading to cover daily life.