Topic: DO NOT BRAG ABOUT YOUR BITCOIN - page 4. (Read 1364 times)

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.

I think there is a lot of logic in what you say because if you invest bitcoins it is better not to share it with anyone to protect your privacy, but some people must share it. It is also a good idea to invest bitcoins and not share them with friends and neighbors or relatives, but rather share them among your family, such as spouse and children. Because people can die at any time and if he has invested bitcoins if no one knows about his investment then it will be useless no one can enjoy those bitcoins. And we basically invest in bitcoins only so that our next generation can live well with that money in the future. But many times it is seen that many husbands and wives quarrel and secrets are often leaked so it also creates suspicion and mistrust so owning Bitcoin is good. Of course, it is right that if he cannot trust his wife then he should not have married, however a man must share this investment with his wife. When that person passes away, his Bitcoin investments are the greatest thing that his children can enjoy. And Bitcoin is basically invested not only to hold it but to do something for one's future, so I think it's better to share it with spouse and children instead of sharing it with relatives.

The exact amount of how much bitcoins I have and how much money I am investing in bitcoins should never be shared with anyone else as I feel it must be a secret for me. I bragged about my investment to everyone and if I shared how much I had invested with everyone, it would surely bring us bad things later. By telling others about my investment, why should I unnecessarily create jealousy about my affairs in others? I am investing and I am taking the full risk of the money so only I will know about this and there is no question of anyone else knowing. Those who are real investors keep all the investment matters to themselves and they never discuss their investment matters with anyone else. Hopefully we should follow the type of investors who don't brag about their investments but prefer to keep their investments private.

This is what I see many people on the forum doing, they consider bitcoin more important than anything, including their love between husband and wife as well as their feelings towards their children and parents. This makes me feel like bitcoin was created to make people suspicious of each other and tends to destroy mutual trust. Thanks to bitcoin, these people begin to doubt and distrust their closest loved ones, so is owning bitcoin good or bad?

It's confusing, they can't even trust their wives, so why does that person get married? What is he investing in bitcoin for if not to seek wealth for his family and relatives?

Yeah I have heard enough of how to secure your bitcoin and other crypto asset to avoid from getting scammed or hacked or even attacked physically to forcefully steal your bitcoin. And of course we should not talk about our assets publicly or in the internet and social media platform. I mean, all of these are correct and what should everyone must of follow. But, keeping it a secret even with your own family, like your wife? I think that is just overreacting and so wrong on so many levels. Why would you keep a secret to your wife? when all you have been holding onto why you get married is because you trust her and she trusted you too. That's just don't make sense to me though.

In the first place, it is not advisable to talk about your bitcoin investment in the public places. You just do not know who is who. The people around you you do not know what they have in mind and you being the celebrant or the asset. This is another point of security where people just need to take serious. Do not post wallet address or wallet details online. Stay away from online publicity which involves ones crypto investment and others.

Of course there are precautions we should take regards sharing personal informations about our investments with other people. However, success will be inevitably sniffed by people around at some point, once you start using the profits made through Bitcoin investment. And how can you hide it from them? Criminals will see the individual as a target, anyway. You have to protect yourself and care about your physical integrity, but at same time, you can't stop living as you wish and can afford because other people will see you as a target. Then, how can we solve this equation?

Many people who disclose how much Bitcoins they have, yet protect their FIAT holdings are yet to truly understand the value of Bitcoin.  What else will make someone protect his FIAT account jealously and  be carefree with his Bitcoin account? It is because Bitcoin's value makes no sense to them yet. Every Bitcoin enthusiast has to fully understand that Bitcoin is the digital gold that should be protected from theft, this is more than just bragging about your Bitcoin holdings,  protect it in such a way that it is difficult for fraudsters to steal. Let's not lose this valuable asset because of our own carelessness because if you don't value what you have, someone who knows it's value more than you do will take it away from you.

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves. The second step for them should be to find a way to store their assets safely to avoid exploits and scams or keep them safe from attackers and stealers.

Having a multi-sig wallet is a good way, but I would rather suggest one keeps their assets in different wallets for better safety they should only keep one of those wallets active that they would use for usual transactions and that wallet shouldn't contain a lot of money. As they say, never put all your eggs in one basket.

You can't send and receive Bitcoin without revealing your address, you can't also hide how many coins you hold because bitcoin blockchain is an open book where every transaction is stored. In order to use Bitcoin and still don't reveal exactly how much you own, you have to use unique address every time and also other privacy tools or methods.

When you create a multi-sig setup, you have to consider that you shouldn't store 2 or 3 keys together, they should be stored separately to increase the efficiency of multi-sig setup, otherwise it doesn't matter.

Bragging about your wealth and what you own is not ideal and can cause you to forever regret that your actions if the news gets to the wrong hears or hands and they decide to act upon it. This is a very large space and you need to keep things in secret for the safety of yourself and those around you. They don’t need to get hold of you to steal from you, they can as well get someone close to you that you can’t afford losing and prompt you to do what they want and get away with those coins. As others have said, when you’re held at gunpoint and about to lose your life, you don’t need to hesitate into not giving up all of your savings for them, because that will be better for you than just giving up your life for money that can be gotten back again.


This should be the best idea for anyone while not still disclosing the amount of bitcoin they own. Diversifying your money into different wallets should be a necessity to avoid loss of funds all at the same time. Even at that, most of the wallets could be trusted ones and non-centralized wallet, anything can happen like loss of private keys or seed phrase that can make someone get access to your wallet. Never disclose your worth, it is better for you and most preferred as a bitcoin investor or enthusiast that you are.

Security is something that we should really be that minding on, this is something important and it would be always be. There are really just that those individuals who are really that loving on boasting up on how much they do earn or on how much they do own and this is a safety hazard specially we do know that there are people who are really just that not mindful about their safety as long they could really be boast up their earnings
then this is something that makes them happy without even trying to think about the risks on  telling such thing on which we know that this is something shouldnt be done in the first place.

In my case, i have some significant amount of money that earned through the years. They've seen that i have a car and bought things which i cant be able to do or more than on what they can afford
at my young age, then this is where it would really be giving out that kind of question on what are the things that im getting involved into but i do still continue for me to hide
off on what im really that doing. Even though it sounds selfish but i dont really care on what they would gonna say.

I agree with what you are saying, and it is right not to put the assets in just one wallet; they should also be put in different baskets; they should be in the hardware wallet,
in the non-custodial wallets, and in trusted wallet apps related to the crypto space we live in.

This is really what we crypto enthusiasts should do, and if we have any crypto assets, we should just own them and don't brag about them as much as possible.

I agree that taking extra precautions would be fine, and you should definitely do that, but that doesn't mean that you are going to get anything good even if you take a lot of defensive measures. The best one is to shut up about it and do not tell anyone, that way you will do fine and not have to worry about anything at all.

I am pretty sure that we are going to end up with something much better, and should be considering that as a very valid situation that could get better. I am not saying that its going to be easy, but keeping your investments hidden is the best way to go. I believe that we are going to end up with a greater return if we do have the time for it, and should be considering the situation to be very important in the end.

If you feel guilty for pretending to not know about Bitcoin? what about myself? I actually not just pretend to not know, but sometimes I say Bitcoin is scam or not secure even though it will make them think I'm stupid lol. Usually they will explain to me if Bitcoin isn't scam because they've hold it for few months, but I will deny it and pretend to not having interest to continue the discussion.

I need to fake it because Bitcoin is discussed in anywhere nowadays, they might be suspicious to you if you say you never heard it.

Lol honestly I am guilty of pretending to not know about bitcoin in fear for my safety.

I once heard people talking about bitcoin and I noticed that they too were also talking in hushed tones as if they did not want anyone to know what they were talking about and I honestly get it. I don’t have much bitcoin but it’s still my money and it would pretty suck if anyone had taken it from me. I can not imagine how paranoia those whales who own lots of bitcoin feel in terms of their safety.

Limiting bragging or sharing your income or assets with others is a good thing and I support your point of view. Sometimes we simply think we want to share joy with someone and tell them about what we have achieved. Perhaps there will be people who are happy and congratulatory, but there will also be people who feel jealous of us and will most likely find ways to cause trouble for us.

We should keep it a secret, but not from everyone, we should at least share it with the closest people like our wife and children in case of emergency. But it is true that we should minimize sharing money-related issues with outsiders.

It’s always ideal to keep your investments private and limited to yourself only. Be it bitcoins or any sort of investment, don’t share with others, it will create unnecessary attention from the jealous people. Yes what op said keeping a multi sig wallet is a good option, but all type of investors may not show interest to use it. Hence, it’s better to not spread the news about your investment with others.

I don't know if it's just me? But I don't ever disclose anything related to money, especially when it comes to my incomes and investments, even in my family, it's not because I don't trust my relatives, maybe I just learned because of my past experience where they know what I get my income from, so what's happening is that they always expect me to have money. I believe that we should really consider this kind of thing as highly confidential because we are not sure who is really happy for us, we don't know that others who know are envy us, the thing I avoid the most is that someone gets hurt just because of money.