Topic: DO NOT BRAG ABOUT YOUR BITCOIN - page 2. (Read 1121 times)

And then we have this P2P trading gone wrong, Hong Kong Teen Rescued from Crypto-Related Assault.


The victim may not have been bragging about his Bitcoin, but he found himself the victim here from criminal groups. So if we will do trade face to face, might be better in public places wherein there are a lot of people around to at least minimize this kind of risk.

And we should be very careful on who we met online and who we talk about our crypto investment and whatnot.

What you appear is quite reasonable and true, meaning don't attract the attention of many people even though the value of our asset ownership is only a few, if you want to educate BTC even for our close friends, you don't have to look very detailed with just a small example that is easy to understand.

In general we all have mobile phones and our average assets may also be stored there in trading applications provided by exchanges. And often we unconsciously carry out trading activities in public places that are very easily monitored by others. I think this should also be taken care of as well for security as well.

your financial worth should necessarily be a private affairs that's only disclosed to a selected few that are primarily close enough to get access to such information. It's never about Bitcoin. Do you go around telling people how much you have in your bank account ? For me, no one has the right to get those kind of information about me except my wife and probably my kids when they are matured enough but outside of that, we keep things as as straight as possible.

The only issue is that we get a bit valnourable in the midst of those that are Bitcoin investors like us and we might get in a situation where we become too free and open to tell them the quantity of our stack because we believe they are also stacking with us. It's an area we should be mindful to know that anyone can change and become an enemy that's just after stealing of our holding.

I think there are some "influencers" who use what they have as a way to promote how "good" they are. So they share the amount of money they have, the life style they have, showing the world how "rich" they are, so that seems like the most important part of it.

I believe that the best thing regards to these influencers is that they do provide every single data, so people could actually try to hack into them and use the images these influencers shared, to gain access to their account as well. I am not saying it would work, but there is a bit of a possibility of it as well. This is why you should avoid it. However, at the same time, an influencer who shares nothing would find it hard to get some followers to become an influencer.

The common way to get back the bitcoin is the seed or the wallet private key after the loss of the bitcoin in the wallet.Many new people doesn’t have the habit of saving their private key or wallet seeds.Because their use the auto save option to their mobile or iPad,So they won’t worry for the recovery in the future.But think in my way of the approach,you had loss the wallet holding device which is your mobile phone or iPad.Everything will get into the zero in your business.So don’t forget to take the wallet backup even now,if you had forgot to get backup in past.

Not all of us from the same society and also not all from the same economical background.It was essential one for all the financial based sector people to save their holding money or earning money.Their was words from the previous generation people,even though you have the wealth by the size of mountain and you spend the wealth without growing it mean after some days,your wealth become zero.So keep your bitcoin wallet safe and secure.Secondly increase or multiples the wallet for your future.It was essential for the person to avoid their financial burden spending on the unwanted things.

Most times, I try as much as possible to avoid any scene that could lead me to talking too much, that is why I rather mentain my privacy because walking alone is far better because privacy matters.

I have seen some of my forks who made the mistake of allowing those around them to have knowledge about his Bitcoin holding and the result of that is always bad, some get rubbed while others hard their money borrowed without payback because those around them thinks and believe that they have so much money since they hold Bitcoin.

@op, Good advice, but I am curious to know how one can recover their bitcoin back if lost, simply by having a backup of their wallet private key or seed phrase?, or you meant to say that one should have backup of their seed phrase or private key, just incase they lose one of the backups, they can easily still access their bitcoin wallet using the other backups of their privates key and or seed phrases, if this is actually what you meant, then you are right, and I agree with you also.

And going back to keeping our bitcoin portfolio a secret to ourselves, this is actually very important, most especially, if we consider the kind of world that we live in today, there are alot of wickedness in the world today, which I personally believe is born out of poverty and hardship, someone who is failing will hardly be happy for another person that is succeeding, so, it's absolutely a very good and valid advice that we keep our crypto holding entirely secret to ourselves, even close friends, for we know not, where our enemy will come from, the enemy might not be our close friends in particular, but they may act and the door through which the enemy will come knocking.

There are several conditions in this case because trusting someone including a partner does not mean having to give all of what we have because no matter how good the relationship and how good it is sometimes when talking about material and money everything can be damaged so maybe this is a consideration that must be considered so that we still have to remain selective including to family and partners.

Maybe not everyone does that because the fact is there may still be some people who still trust their partner more than anything else but for others they prefer to trust themselves to a certain point before finally trusting someone else (partner).
That is also not a mistake because it does not mean that it does not respect the partner because after all, all forms of anticipation must always be done because even in a couple's life we must have our own privacy which may still be guarded from their partner.

Maybe it depends to who you aare sharing the information with but I agree, disclosing the exact numbers won't make any sense; the idea already is enough if your purpose is to somewhat give them a suggestion to consider the same thing. Problem is, many people are seeking for investment ideas but are just criticizing what ever it is to be shared with them, most of the time. This is what I am referring on choosing who to share those success with. Share it only with those who are curious of the process and not with the profit. Personally, I have experienced negativity with sharing investment plans. A friend of mine before got hyped although it is not my intention and panicked during the dip way back 2018, wherein he chose to sell and blaame me for it. But this experience is not to close the doors for those who are really interested simply bevause I was once there on that position looking for someone to guide me at least.

It is very dangerous when such information is disclosed because it might even bring envy and envy will lead to plotting, That is how they end up killing innocent individuals, just because they are after that person's assets or even get kidnapped, Because of my study, most of these kidnapping cases are caused by the victims themselves because they cannot keep there mouths shut, but family is even preferable because if anything should happen, they will know what to do in that case.

when we are outside, we think people are not watching us or what we are doing, and you can never tell if this person is a criminal or not we should learn how to be careful about everything when we are outside, they can know you are into crypto but your assets should not be disclosed.


with all the advice given to people, they will still fall, victim, they never learn, if they hear about the money they are no longer concerned about anything again whether it is real or not, all they think about is how they will make money. as bad as you will want to share your portfolio with people maybe for recognition, it is better to know who you are sharing with so that you don't get mishandled or even get you your seed phrase stolen forcefully, and that is why we have to take note of our environment.

smart people won't disclose, take the whales for example you can hardly know who they are no one will want to disclose their identity not because of anything but because of security reasons, and that is how they have been keeping safe all this while.

I fully agree with you, we shouldn't be bragging about our crypto gains. I would go even further and say that bragging is a negative character trait that should be avoided as much as possible. What's the point to make us seem bigger than we actually are? When meeting strangers that are bragging about their wealth I usually feel uncomfortable and would prefer to end the conversation quickly. Being cautious when talking to strangers also means that we can't really verify any of their claims. Who knows if they really own all the bitcoins they claim to have. I don't see a lot of upside in bragging about my gains and would share such information only with good friends and family.

I cannot dig the thread in gambling section though this is different from your point yet the idea is almost the same when a Lotto winner claims His winning but wearing a mascot costume because She wanted to hide her identity so to the family not knowing the winning, and for the reason that she wanted to teach them how hard to earn money and this is not to spend in luxurious way.
maybe this concept comes towards your idea here.

Talking about Bitcoin in public, I don't think this is a problem as long as they don't know how much we have collected. Moreover, if our delivery is good, of course there will be those who are interested in learning about it and this will make Bitcoin continue to grow and for those who have Understanding Bitcoin well will of course keep your wallet keys well and don't give them to other people so that the assets we own are not used by irresponsible people.

That could be true, but I've been mugged a couple times before (not a good thing I know, even weirder thing to brag or tell people about lol) but I've never experienced these mofos asking me to open my binance or my coinbase wallet to transfer my crypto towards them lol. I can see thig happening more in the future as we become more digitized but as of now, that's one absurd thing to happen and even more absurd to experience. Anyhow, the point I'm trying to make is the same as Darker's you gotta choose between your life and your money when you get into that kind of situation, and 9 times out of 10 you will always end up choosing your life, you may experience the sorts online when you get your shit rocked by a hacker on the net but why would they force you to cough it up when they can just steal it away from you?

Just don't go out of your own way letting people know that you have stuff that they can take advantage of, be it fiat or crypto. You won't go wearing rolexes and cuban links on a dangerous alley in a crime-infested neighborhood, and I would assume you wouldn't post your wallet's contents on social media either unless it's secured, or to farm engagements in the crypto space.

lol you acted like a typical Africa person and I don’t know if you’re one because we don’t believe that any evil can happen at anything but we rather keep focus on positive happenings and that’s why I love my people, not like the western world that accepts whatever happens to them, we only want the good ones.

Back to the thread, I agree and understand what op is trying to say but I think I also agree more with @darker45, that there would be some situations that you’ll be left with no other option than to give out all that is asked of you and that’s why we always pray never to fall victim of such situations because we must have heard what must have happened to a lot of persons who proved stubborn to some criminal raiding, which many loss their lives in that cost.
And I also agree with @ Darker45 that one thing that would help anyone in this situation, is not having all your holdings in one wallet but rather spread them out

This isn't about sharing it with your spouse or your parents, this is about online and you can keep it a secret forever online. You just do not share it, it is that simple. Some people do not have anyone in their life, not many friends, maybe not even any friends, not parents, not a spouse, they are lonely and they feel the need to get that acknowledgement online so they look for social media, that is usually who social media was created for.

And when you think about that, you will realize that it is going to help with those peoples morale, but also if they share it there, because they can't share it with a loved one, they will end up with a situation that will not be all that easy for them, it should be a little harder to handle.

There is nothing wrong with us discussing bitcoin in public or with those of us who are investors, as long as we never reveal how much bitcoin we have, I think we will be safe. Discussing cryptocurrency investing is like discussing other businesses, other jobs...it's like many conversations we have with friends and relatives every day. But the confusing thing is that some people are so delusional and think that they will become victims if someone knows they are bitcoin investors. So what about those who invest in stocks, gold... or the rich?

Honestly, we're bitcoin investors and it's always on our minds, so it's hard not to talk about it every day.

Yes we don't have to barge on how many Bitcoin we have or how much Bitcoin wey have on our wallet, it's wrong and I like the fact that you made mentioned of how someone might not be of good minded to you and the thought of evils might enters them to harm you so that they can take what's rightfully yours. There's a good purpose of using the multi signature setup, with it you can regain access to your Bitcoin easily as long as you didn't forget what and what you used in setting it up. There's always a target on every Bitcoiners in some places both 9n social media they are there, so we should be careful with who we tell our investments plans and what we have access to.

This is very true, we actually discuss about bitcoin a lot, my cousins and I but non of us has ever revealed how many Bitcoins we hold, I do not believe that people are bragging about how much Bitcoin they have, I have not seen a soul doing this.

Its fun to talk about the market and what could possibly happen in the coming month, I do this a lot when I am in the midst of Bitcoin investors like me, it is really something good to kill your free time with, we also have discussion about good upcoming projects too, from there we will have clue about which upcoming projects to look out for.

I don't see why I would want to tell anyone that I have one Bitcoin or ten Bitcoins, there is really no need, people get jealous easily, they can turn to enemy because of what you have or how much you worth.

You are right about the meme, I have seen something similar, maybe even the same, but wealth or rich can't always be hidden, the more you get richer the more people will notice, even if you don't talk about how rich you are, be expecting family to start demanding from you.

I think it's completely stupid to reveal to social media or other people how much wealth we have or how much bitcoins we have invested. If we keep telling everyone about our particular assets, we may be exposed to physical threats, making it more likely that our assets or invested bitcoins will be stolen or hacked. Moreover, now people are more greedy towards digital assets especially Bitcoin. If a person has a large amount of bitcoins, if someone finds out, that person can be in great danger because other people can covet his wealth.

Additionally, Bitcoin is not legal in most of the countries where our community members are affiliated, making it even more dangerous to disclose Bitcoin investments in their countries. I have also heard of many investors who are investing in Bitcoin but they didn't even tell their family about their investment maybe they did the right thing for their own safety. Investing in Bitcoin and keeping our investment safe requires security. When I first invested in Bitcoin then when my investment passed 2 to 3 years then I told my family but it was revealed by doing a job.