What to do?

_Maxiim_
0
0

I recently bought over $400 of bitcoin at the $17,000-$20,000 range on Coinbase the last 3-4 months. Everyone’s saying to take your money out of regular services like Coinbase and put it into a “cold wallet”. I’m pretty new to bitcoin and have no idea what a cold wallet is. I just don’t wanna sell my bitcoin at a relatively low price compared to when I bought it just to move it into a cold wallet. I’m aware of all the FTX stuff but should I really be scared of holding my assets in Coinbase? And if I sell all of it right now and reinvest it into a cold wallet at the $16,000 range would that be more worth than keeping it. As of right now I have $345 and I’m $90 down. Sorry if I sound like a crypto noob