This is a mistake that many new investors make so it is important to store your funds in good wallets when buying and selling bitcoin there is a big risk in exchange wallets. If the exchange is hacked or shut down for some reason then there is a possibility of losing your bitcoin this is because the private key of this wallet is with the exchange and not with you that is why you can use hardware wallets where your bitcoin private key is stored safely offline. If you want to hold large amounts of Bitcoin for a long time then you should definitely use a hardware wallet this will give your bitcoin maximum protection.
Nowadays, it is seen that many people are rushing to invest just because of the 'hype' without knowing or understanding it. However, whether it is Bitcoin or any other investment, if you enter it without understanding the philosophy, technology, and risks behind it, you are far from making a profit. On the contrary, there is a high risk of losing your hard-earned money. Many people only see that 'such and such is making so much profit' and then jump into investing without understanding. Later, it is seen that they suffer losses and say various things. They are unaware of this beforehand, so they end up in such situations. On the other hand, many people start from here, understand it well, and slowly move towards profit.