Topic: Demystifying living a private life and your bitcoin (Read 346 times)

I don't believe this, the guy is not even smart enough cause I see no reason snapping your room and screenshotting your  binance asset after been robbed this shows the level of stupidity. I really don't know where this guy is coming from but it likely he might be expecting another robbers sooner or later. The op actually emphasize on keeping your crypto asset  a secret and that's the right thing to do for example this is not the first time he's screenshotting his coins online, cause how will those robbers know he has a coin?.
From what I read I don't see any compassion or sympathy rather he's trying to show off, there are better ways to ask for help not posting your problems on social media for people to comment and see what you're passing through. the fact is keep your crypto holding a secret to avoid necessary problems

That is so regrettable and depressing, people are just so cruel that they can just rob someone of all their money and life savings. They have worked hard for it so instead of robbing them fully and taking from them, why don't you do the same? When someone has worked so hard to improve themselves and then someone comes along to take everything from them, it can be enough to make them consider suicide. Nobody has the right to steal from him, even if he behaved badly by failing to implement the best privacy standards. I believe he must’ve learned his lesson for not keeping his life private and i believe from now he would make changes and improve on that.

There is definitely a special kind of feeling when you tell someone about bitcoin or owning a coin, especially when you are trying to encourage them to invest, but we still need to be careful with who we tell this to; tell only people you trust and, as the OP mentioned, never disclose the amount you own and, more importantly, never disclose where you store your assets because you never know who wishes you bad and has bad intentions towards you.  

Worst of all, if you use social media to showcase your riches and talk about how much money you make, you could be targeted by crooks like this user from X. Many will learn from his mistakes, and many will understand why privacy is so vital in the crypto industry. Even outside of the crypto industry, anonymity is crucial since I recently heard about a musical artist who was robbed because his partner mistakenly revealed a detail of their location online.  We currently live in a world where privacy is crucial, therefore we must take it seriously in all we do.

People lack regard for privacy, they don't care about it, they don't perceive it as a serious issue, and this is sometimes the source of their issues. Living a low-key life is ideal, but some people want to brag about their riches and share what they own with the public, which is a poor practise in the cryptocurrency sector. No one will ever make you their target if you don't mention how much bitcoin you have, thus we should all learn from this story.

These tips are useful for anyone who has opened the door to the Internet. Those people who today so happily post their information online, photos of their family, home, and their activities, become targets for scammers. Anyone who says that I have nothing to hide does not understand that he has simply not yet entered the roulette wheel of the interests of the scammers, whom they may choose in the future.
In 2017, I saw a person in my country who quickly made a profit from Bitcoin. He couldn't help but show off, or maybe he just threw money here and there, and in the end, he was noticed by those who were very interested in him and his capital. The guy came to a bad end.
Therefore, when you go online, create a personality for yourself that is completely opposite to who you are. You can indulge your vanity by helping those who really need help. Thus, becoming higher for yourself and those you can help.

You are very correct sir, I don't see any reason for uploading any information regarding ones finance online, especially when your main name might be what you are actually using as your username, you are just exposing your self to more dangers, besides the victim of this robbery is fund of exposing himself by giving out links to the public to his DM, so I think this would be a lesson to other who act same way. I usually do some Bitcoin hypes on my WhatsApp status though it restricted to only my contacts but right now, I think its going to end right away, I now see the main reason for anonymity on ones life.

I think I should work more on my English because its been 3 or 4 cases now that people found it difficult or confusing to understand my words. I don't know if I lack at English writing or it was my grammar tool that creates all that fuss but I think I should admit the fact that I need improvements.

Well, yeah you got the meaning of my post right and your suggestion of not sharing the any of it is good and I also follow that but I do not share my earnings because I don't have to as I am not a influencers who needs to attract some traffic I don't need anyone but if I am a influencer then I have to share my some of the earnings to attract new people so that I could earn more with my huge fan following just like this victim did.

I am a bit confused with your comment here but what I understand that you must have meant is that it is not bad to share your earnings in bitcoin, but don’t ever show your address of where you live to avoid being robbed off your money by robbers who be might looking out at your earnings you’ve been posting online about.
I would rather advise not to share any of that, you never can tell who knows you that can still track your location or use the post you’ve a posted about your earnings to track you down. It is better not to expose than to expose a little and got robbed of everything in the twinkle of an eye.


This shows that he hasn’t learnt his lessons yet, maybe he has some other savings that were not robbed and just looking for people that will pity him and give him some money for his great loss. This is the type of people that puts every life achievement they earn online which is very bad and leads to great catastrophe. Don’t expose your source of income, your relationship life and your bad habits online, those are your weaknesses that can be used against you at anytime.

On the first point by the Op of not sharing that you own a coin this is the most difficult thing to do in this present time. My reason for saying this is because everyone wants to be seen as a bitcoin expert. You see them with bitcoin icons and logos, they share a link to their Bitcoin or crypto master class, they brag about their apartment or coin they bought all thanks to Bitcoin and many more. They tell you how much they own in Bitcoin. They seek validation from the public which in turn becomes followership. It is risk they take without mindimg the repercussions. It's sad what happened to the X user. Hoping other people will take caution too.

I strongly believe that the victim was just using the opportunity that he had to showcase his investment on his social media page for more followers and more friends, but unfortunately, some people were busy sketching maps on how to rub him of all his money and property. It is a pity for the victim because he has lost what I really believe took some time for him to get. However, this might be a lesson for him and others.
Since the victim is a good trader and also has good experience of trading Bitcoin and also accumulating Bitcoin, then I do say it is just a matter of time for him to recover what he has lost, he can still make good use of his trading methods and make more money when life goes on.
This incident should teach a lot of us a good lesson. That it is not a good endeavour to showcase our investment stuff to others because it might cause harm to us in the near future. Thanks OP for bringing this information to us.

He still does not understand that he is doing it wrong. He should stop doing these things and stop using social media unless he makes money from social media. Even if he is a social media influencer, he should carefully share his personal information. I have seen many YouTubers ignore the question when someone asks how much they make from their YouTube.

Why do these guys ignore that question? Because they don't want to share this even though they share their daily life by recording vlogs. If you make a lot of money, you should hire a security guard.

Some people don’t care; they will think that they have money and start being envious. This life is where we are supposed to live a low-key lifestyle, but some people don’t understand that telling people your plans and showing up with your investment will definitely make someone start hunting you. However, at the end, it will affect not only him but even his family members, so it’s very important if we are able to have privacy for ourselves. Not everything people are supposed to know, especially when telling someone what you have achieved when he or she doesn’t have the same thing. Hatred will start from there. and I have witnessed some before, so I am always very careful in how I deal with people.


Wanting his followers to suggest something for him? Is that not what he did for the first time or what led this incident to this extent? People don’t mind now, even if you showcase your loss; they will try to bring you down with the remaining resources you may have for leaving. However, some people take social media seriously and will do anything, forgetting that it’s what's destroying lives now because people like to show everything on social media, which is inappropriate.

Learn to live lowkey, show a simple life to other people, and enjoy what you have with your family and selected friends, you don't have to share it to the world for the sake of fame, trending to social media, we have just come out of pandemic and people really will do anything to survive even stealing money from others, good for him he was not killed, the good thing about being alive is being able to restart your life and reach your goal, remember you are not starting from scratch he already have experience, maybe he I just still in shock of the current situation he is in for the moment.
There is also a case here in our country where someone broke into his home and took his money, he also posted about Bitcoin and other stuff on Facebook, and other social media, again there is no need to show other people what you have, it will attract robbers and bad people, hope he recovers soon and go on with a goog life.

Most people hide their investment in bitcoin because there is a much greater risk involved when they show it off to the public or close friends. We never know how close friends can do something unexpected and of course hiding it will be much more beneficial for us from a security perspective. Some people share their investment and trading successes publicly to attract people's interest and they also sell this content on social media to make money. Learn from many cases that hiding it is better than showing it off because there are many risks that will occur.

We need peace and tranquility in living our lives, providing opportunities for other people to know the value of the wealth we have will open up opportunities for them to do things we don't want. Remember that nowadays it is very difficult for people to generate make money regularly and being anonymous will keep us away from bad possibilities that will happen.

I wouldn't be too quick with blaming him for the incident that happend to him because, it may be possible he was making all those post for the purpose of content on his social platform, unknown to him that some one else way taking advantage of how much information they now have of him.its very possible he wasn't showing off his wallet balance but may have probably shared too much while trying to make content.

As forex or crypto traders, it's normal you share your taughts, strategy and sometimes results on you social platform, these could be done for educational purposes, to help encourage others in same field or a way of attracting investors to invest with them having seen their consistency in their results over a period of time, but then it's very much important you be smart enough to have an aspect of your life you don't show case regardless of what the reason may be. So that Incase situations as this arises, you will e able to have something to fall back to and start again.

You are right, and there is no doubt in your points, but I don't care if the story is real or fake. What I saw was that an influencer got robbed (maybe fake), and he showed posts of his room instead of giving the transaction details to prove the authenticity of his case. He waited for like a week, and when he got enough funds, he started to upload pictures of his trades again.

But I did not care about the authenticity at that moment because I was motivated by the enthusiasm he put in even after being robbed, as he would have been sober on this incident or rest for days about what happened to him, but instead he used this opportunity in his own favour and shared the story with fans, they got emotional, he got funds in donations, and he started his journey again. If he is an influencer and his fans are willing to give him donations, then he must have given them some useful signals too, otherwise, no one will give their money to anybody sharing their stories on social media. Those who give money must have known him for some time, as the OP stated.

But if the story is fake, then I can't say anything, but I will still be motivated by the person's characters, as we are motivated by fictional movies (movies are also not real).

The problem is he still wants his follower's suggestions regarding where he should start his life. Is it life, buddy, where you want to look cool by showing off how much you own and have gained? These social media are destroying lives. People take pictures even after they lose their body parts and then post them on social media.

Now, if someone posts that I own 2 Bitcoins in his social media account, he doesn't know who is seeing this and coming with a wrench to get that Bitcoin. There is a locked topic by 1miau that was created a couple of years ago. Consider reading this: Why it’s important to avoid telling everyone about your crypto holdings

Not me  

You found an important point.

People can make their choices, become a public figures (influencers, KOLs) and show their faces publicly as well as talk about their investment. To gain recognition from community, they need to show their wealth too. I even don't need to read about any robbery and story like this to keep my investment in secret. I even don't care to talk about my investment to family relatives. It does not help me and even can not help them too but I know my life can be at bigger risk like that man.

If my friends, family relatives need my help, they will find me and sure at that time, I will always be ready to give them my advice.

This isn't the first time that this happened. And the guy was even lucky that he's still able to post what happened because in the past, some of those that have been robbed never got to see the sunshine.

To those attention seekers that are also investors, stop that mentality because it's not going to put you in a higher and better place.

You are just attracting bad people to come to you because of how life is bad today, many struggles and attacks may come to you personally whether you know them or not.

What are you motivated about exactly, isn't it obvious enough that this story is bullshit/fake. Quite a lot of people are so gullible and that is why there are so many people like this guy, people who build social media accounts, parading themselves as either traders with a lavish livestyle and influencers too, but with the end goal of either getting paid to advertise scam projects or come up with fake stories like the one in the op to see if the can get donations from people. I wouldn't be motivated about such people.

Apparently, there's more to this story. He was initially arrested and he pulled some strings and got released which led to the officers that unlawfully arresting him being dismissed from service. The best guess majority of people had at that time was that it was a retaliation of the dismissal his complaint caused. Although I still agree with most of the points made in OP:

— He used exchange as primary wallet which is typical of most influencers.
— for someone who was a target the first time, he still remained in same location (didn't learn obviously) and kept sharing too much on social media.

Note to self: Even if lifestyle gets inflated, no nedd to flaunt since it's nothing and be very careful while at the top.

It is not normal to brag about one financial status, his financial activities and even his financial account.  Anything that is related to finance must be kept secret to public and the scenario stated by @OP is the reason why.


This make sense, there is a possibility that the person is just making some way to get the public sympathy and get donations everywhere in order to accumulate more money.  The situation seems impossible because robber tend to get out of the scenario as soon as possible when they try to rob someone but this time the robber have the luxury to stay for a longer time in the victim's place.

It doesn't matter where he stored his cryptocurrency, the robbers came prepared and they would have taken it regardless whether exchange or personal wallet. He was flaunting his wealth on social media and I also believe he must have spew his crypto holdings to one of his friends. The worst an armed rubber can do is to take your phone, laptop, tv, money and walk away. The only robber that can ask you to transfer your crypto is the one that knows you're into crypto, so it's obviously an inside job. Well, I'm happy he's alive to tell the story and next time he will learn to be very discreet with his crypto dealings.

People should learn to be a private person and don't have to expose everything on their social media. Don't get fed by the likes, shares, etc. that you'll get there because it's a cancer that it's hard to heal.

Don't be too proud, don't be boastful especially if it is related to your finances.

There's always the borderline between being proud, happy and bragging.

That's the person who likes to show off resulting in the robbers will target you to steal and grab you to send a number of BTC, I don't know if this story is true or not because there are still several other tweets that want to see proof of TXID bitcoin from Binance that has been sent.

I never tell anything about bitcoin ownership to other people including relatives except only the wife who can be trusted to tell it not with her private key, when many people know that you have a number of bitcoins then there will be friction making people around you can steal it of course it should be aware.

I realize people these days tend to show off more on social media and when you crypto is a hot topic and criminals also know the prices so is it right to tell people you own such amounts of coins online? This information should be kept secret and shared with only trusted people as we have discussed that they have seed phrases so they can use it in case of anything happens to you.But this is lesson for all others but I don't trust these legal actions and Binance support much so it's better to be on safe side beforehand only.

He is an influencer and influencers do that its in nature even if it was not before becoming an influencer but after getting into this role, you have to share what you do especially if you are going to get some help out of it. And he did get help, as after reading some of his replies I can say for sure that his fan following must have helped him to set his setup back so he could start trading again.

I am very motivated by him and even if he makes the same mistake again at the same place, he might be showing a token of assurance to fans who have helped him that I have used your (fans') money to back myself up instead of wasting it on a bear with snake friends. 

But of course, he can do that in private DM also as there was no need for him to be on public again until he changed his address but I have one thing to say, even if a person doing any other work having relative skills he cannot getup again on his feet that fast. crypto is really helping people with skills.

You should never share details about your personal finance.

Even work friends will save details of your financial information and use it as a comparison, and many will be jealous.
Imagine random people in the internet... it is dangerous.
​
Just don't share details about your finances wodth anyone but super close family

What lesson?
https://twitter.com/michaelbanksfx/status/1718628321682993366


The tooth fairy!

Keep your financial life private and don't show off your investment or what you have achieved on social medias and make privacy your priority, to avoid bringing much attention to yourself. I don't know why if some people buy bitcoin, they must tell someone and show him your wallet for him to see the amount so that he can believe you.

It is an unsafe practice and nobody needs to know that, it is better to be a secrete billionaire and safe your head, your family and your wealth from robbers and player haters, than to be show off to people how much you have made and loss either your wealth or your life or both.

Bitcoin is something that draws people attention to the hodler because they will believe that you are very rich to buy bitcoin, unknown to them that you struggled to buy some sats anytime when the opportunity comes due to the value of bitcoin. Stay safe and enjoy your investment in the long term by keeping everything about your bitcoin investment a secrete. This does not only apply to bitcoin but to all investment.

Some people are so dumb that they will never learn from their mistake until they see that it wants to take their lives.

Who exactly robbed him?

Nope, he is looking for compassion online which he may get and also may get more criminals attention.
 Disheartening to see that he is tracking the criminal and he still have the mind to post this online and makes his plans public.
Hope he will relocate and live a more private life to avoid really losing his life.

This guy got robbed, got his Binance funds stolen, and after all... He took a picture of his upside-down room, and uploaded it to Twitter. Hasn't he learned his lesson yet?

People you love can have that piece of information. It's a little bit of an asshole attitude to hide the fact that you're involved into bitcoin from your family and relatives. I mean, don't yell at it in a family gathering that you own 1.56 BTC, but for instance you should inform your other half about your belongings.

That's a hell of a tragedy I cannot imagine from how much stress and pressure he must have gone through. I am really impressed after seeing his efforts because he shared his post of being robbed on 29 October and he already shared his new earnings via crypto trading around 5+ hours ago. He is real motivation, he must be interviewed by motivational shows and I doubt what would this tweet mean:

I don't know this person never followed him so I at first doubted him but after reading the replies on his tweet and after hearing from you OP I got convinced and I don't know where he lived but maybe the dude knows where he lived which means in some of his streams or videos he must have disclosed that and that must have got him robbed or it maybe be an inside information.

I would say there is nothing bad in streaming and showing your earnings but the bad is in sharing your address and where you live. Even if you wanted to share your earnings then try to share some of it so that the next thief would not know that how much money you have.

PS: We are here to start a topic discussing whether we should not share our earnings and the victim is doing it again lol

Nobody says living off the grid of public life is the best way to live a great life when you hold bitcoin, there are ways we each enjoy life but there should be limitations on how this life should be lived especially when you hold Bitcoin. Buying a bitcoin is one of the first baby steps in the life cycle of a bitcoin, securing it in a good wallet(hardware wallet) is another great step to protect it from anyone and making sure the seed phrase is well backed up is another goal to check so that you can have access to it anytime in the future. This is the basic one everyone believes but security bitcoin doesn't end with running away from anyone having access to your seed phrase and private keys. There are more sophisticated kinds of public lifestyles that can endanger your Bitcoin.

When you hold a Bitcoin as an individual, you must learn to live some private life but it seems living a private life is like living in a prison; some people don't know that when you hold a Bitcoin, you need some degree of private life to some length. A private life is not about hiding from the public completely but limiting some ways you interact with the public, you may think it is a flex but it puts not only your bitcoin in danger, when you hold bitcoin it puts your life at high risk because having a means to money invites bad energy around you and you know what thieves are capable of doing when they know you are in a possession of money.

I want to share with you how a guy lost everything to armed robbers for always bringing his lifestyle to social media and always showing off how much he made in Bitcoin and some altcoins.

There is this guy I followed on X, he is very active with updates regarding Bitcoin, he trades most of the time and also shares his opinion on bitcoin moves. Just some days ago, he was robbed right in his home and his bank account was empty, the bitcoin and other crypto were emptied. From his screenshot, he stored his coins in the exchange which is the first red flag and showing off again on the internet is another red flag.  Here are some images.





Source: https://x.com/alh_myke1/status/1718374911352164567


According to him, he was robbed and all his coins were been transferred out of his wallet when they threatened him and he had no choice but to send everything to them and was even forced to borrow more money from his friends to give them. Binance support was tagged for help and they are supporting him to trace the culprits but they didn't reveal whether it was a Binance to Binance transfer or Binance to external wallet. Regarding bank transfer, he has involved the legal process to trace the transaction.

What are the lessons to learn from this:

1. Don't share with people that you own a coin: There is joy when you tell friends about Bitcoin in other to encourage them or tell them about your journey but never tell them the amount you hold, the place you buy or how you store them. Some people have bad intentions even when you think they are your friends. Even if you save your Bitcoin in a hardware wallet that no one will access, you don't have to share everything with the public, it should remain private.

2. You don't have to share with people how much you gain: Excitement makes us share gains and profits but it is not something you do on public platforms where people can easily identify you, telling people that you made X profits will only invite hate and jealous from people like the ones that are idle and have nothing doing, they can gang up to attack you when you don't expect them.

3. Living a private life brings peace when you don't overshare: One thing about Bitcoin is if you don't tell anyone that you bought a Bitcoin, no one will ever know and the level of peace it brings, no other thing comes to it except you decide to share with people that you have bitcoin in your possession. Having money under you and nobody knows is peace on its own.

4. Learning to live a private life gives you good privacy: Some people don't value their privacy, they see it as nothing but in fact when you have high privacy, it will be impossible for people to know much about you, it will be impossible for people to know your next move and how you plan to move, nothing goods like much privacy.

When you live a private life, it attracts less attention because people don't know much about you, you may do whatever you like in public but it is not a good idea when you hold an asset like Bitcoin and tell the world that you own some, it will attract bad people around you that will be willing to kill you just to have that bitcoin from you. In addition, learn to hold your coins in a hardware wallet because not your keys, not your coin.