Am I doing anything wrong by holding bitcoin?⁰

[taufik123]

-snip-
Try to identify and steer clear of ponzi/pyramid schemes and dont invest money thinking that you'll immediately get huge returns, and you'll be fine.

Yes no is wrong with holding bitcoins. The OP has obviously had a big advantage over the bitcoins he's held to date if he were to sell it at the highest ATH price. The most important thing is not to use the money that is needed for your life. Use free money that you don't really need in a fast time.

Avoiding ponzi / piramda schemes is a must. Don't get caught in it. Because there will be no profit to be obtained. Ponzi scheme innovations only bring misery to the new recruits.

Better to invest in an obvious project like Bitcoin.

[qwertyup23]

Yesterday I bought some bitcoin.  I have invested $12,000 in Bitcoin.  And in the next two days I will buy some more bitcoins.  I wish I could hold these bitcoins.  I believe that in 2021 these held bitcoins of mine will make me much happier.  Certainly I'm not doing anything wrong by holding bitcoin.  As a newbie, I'm not very experienced.  So I look forward to the advice of experts.

It depends on your goal but I highly suggest you divide your investments into short/long-term.

With the current bullish run in bitcoin, the prices have been increasing in the past month by 300%. For short-term investments, you can either cash-out some of your bitcoins if it reached its value higher when you purchased it. For long-term, I also suggest that you keep some of your bitcoins as its value may probably increase this 2021.

As someone who purchased bitcoin way back in 2017 (around $5,000/btc), I do suggest to keep at least 80% of your bitcoins for long-term and the remaining 20% for short-term.

[Daniel91]

Yesterday I bought some bitcoin.  I have invested $12,000 in Bitcoin.  And in the next two days I will buy some more bitcoins.  I wish I could hold these bitcoins.  I believe that in 2021 these held bitcoins of mine will make me much happier.  Certainly I'm not doing anything wrong by holding bitcoin.  As a newbie, I'm not very experienced.  So I look forward to the advice of experts.

It depends on your goal but I highly suggest you divide your investments into short/long-term.

With the current bullish run in bitcoin, the prices have been increasing in the past month by 300%. For short-term investments, you can either cash-out some of your bitcoins if it reached its value higher when you purchased it. For long-term, I also suggest that you keep some of your bitcoins as its value may probably increase this 2021.

As someone who purchased bitcoin way back in 2017 (around $5,000/btc), I do suggest to keep at least 80% of your bitcoins for long-term and the remaining 20% for short-term.

This is good advice.
I invested part of my bitcoin funds in 2017 in alt coins and I was wrong.
I thought I was going to diversify my portfolio so well and I actually lost a lot more.
Based on this experience, I would say that in the long run it is safest to invest in bitcoin, and it's really good suggestion to keep at least 80% of your bitcoins for long-term and the remaining 20% for short-term.

[Pmalek]

Personally, I wouldn't keep such amounts in an exchange such as Coinbase. If your ultimate goal is to hold those bitcoins with no intention to trade short-term, I'd say they are much safer in a wallet that belongs to you, not to Coinbase. Since you have $12.000 to spend on bitcoin, you could probably spare an additional $50 for a hardware wallet. There have been many hacks in the past that have caused users to lose their funds. The only exchange I would consider keeping a part of my portfolio in (I was forced to do so) is in Binance. Only due to the way they behaved when they got infiltrated and hard their coins stolen.