Topic: DO NOT BRAG ABOUT YOUR BITCOIN - page 5. (Read 1399 times)

  I guess the reason why this set of people feel free to flex their risk is because they feel like safe sharing that information to them, if the other party feels any interior motives of trying to hurt him/her that’s uncalled for,  I know we should try and avoid trouble and all, to me nothing is wrong with two grown men sharing thier portfolio with eachother, we shouldn’t encourage violence too because everyone would want to go into those defensive mode and be more private about thier holdings. It is the cruelty of the world that makes it to us that people is coming to harm us so you got to be ready, to be ready in the sense that your security measures are impenetrable and no one can have easy access to you.
 Moreover there are people who constantly share their holdings and trading account on social media, they still live very fine and peacefully no one has come to rob them or extort from them, they still go out, drive nice cars some fly for vacation and even eat in expensive restaurants. it depends on the level of security you have in your country. You should be worried about not trying to misplacing your seed phrase, that’s is the greatest pain. You will just have money your can’t access, that feeling is always unbearable. Being security caution is the key to dealing with the Bitcoin and blockchain technology. I like the fact that the technology made us sole responsible for what ever is going on in the wallets.

After all, bitcoin is just money, nothing more, nothing less,  and if you have a lot of money or gold then you are also rich and keeping your assets private is extremely necessary. But is it right that we keep secrets from family members? I mean the closest and most trusted people in your family. Have you considered the situation if you were in an accident or suddenly passed away and you didn't share the seed phrase with anyone? That means no one can touch those bitcoins, and what if they need money urgently to prepare for your surgery? Have you considered that scenario?

Since some people started owning small amounts of bitcoin worth just a few thousand dollars and they started to doubt mutual trust within the family, is it worth it?

While bitcoin is continuously increasing then the potential of people that will stick checking
who can be the potential victims is that we are the target and looking for a chance to grab is
theirs to take so when we are giving others idea on which they will get as victim so better
not to let them be.
also try not to let yourself from from being one and also the world now is getting worst and yes we
should keep ourself lowkey to not become a target.

with good news about bitcoin to your relatives, don't show personal data, it is very confidential, even though sharing important things with crypto currency, many people are starting to look at it, while bitcoin is soaring, investors are also seeing this as if they are placing hope by monitoring situations like this.

The value of Bitcoin compare to other crypto currency has ma.de so many people, institutions and even government to put eyes on Bitcoin. Bitcoin has made so many people rich today. The value of Bitcoin is increasing everyday by day. Just like here in our country Nigeria, government is looking for all means that they will have access to all crypto wallet with the intention of been in control because they knew some many safe their in crypto currency or wallet. Look at opay before that has nothing to do with BVN and NIN. Today the government have influence opay to update all customers to input their BVN and NiN before any activity can take place. So please do not brag with your Bitcoin. Keep mute and be focused.

The privacy of Bitcoin has made many people in the world to show interest in Bitcoin, and Bitcoin has been adopted by Many countries of the world because third party is not involve in the transaction and your Bitcoin are safe through out of your holding them in your wallet. Those that kept their seeds phrase and their password very well will not worry about their Bitcoin in their wallets, because they know even though they miss place the phone or system, their Bitcoin will still be safe in their wallets if they will be able to have access to their seeds phrase. If you don't want to lose your Bitcoin to scammers or family members, don't disclose your Bitcoin holdings to anybody because the moment they discovered that you have huge amount of Bitcoin in your wallet, your life and your Bitcoin will be in danger.

Yeah tell me a story once you have a knowledge about this bitcoin thing please? 

not even in some random friends , not unless if this is from your closest family member then that is fine bragging because sometimes we need to have others to understand and learn about our funds specially if there is unfortunate things happened .

If you know about risk, they will sit back, assess risk and benefit, and will less likely to flex.

Many people don't know about risk of flex that can cause to hacks, physical attacks, deaths and not limited to financial loss, so they do flex many times. Some people know about risk but they don't assess it at proper severe level so they consider it as tiny and inconsiderable risk and continue to flex.

If they learn lessons but don't pay for lessons with their all life, it is good enough but if it is death, that will be very costly lesson.

A lot of posts underestimate the lengths that a criminal would go through to get what they want from you, if you're held at gunpoint/knifepoint, don't risk goading or aggravating the person by saying shit that would lower your chance of survival in that encounter, the best thing that you need to do is to comply and do what it takes to survive it. Don't be a hero and try to wrestle with them, you don't know if there's other people that's involved or is with them. Although you can't really prevent your bitcoin from being stolen during that traumatic encounter, there's ways that you can mitigate or prevent the damage that you'll get from them before that encounter, having your funds split in different wallets and only having one wallet available in your EDC phone is the best thing because that way you're complying but at the same time, you're not losing all of your bitcoins or whatever crypto you have all at once.

What's Bitcoin? Never heard of it

but we know some people cannot help themselves to make them looks ahead of others this is why

actually most of the time it is not flexing but that is something to make them look richer than their friends

And this is correct, we are not just making ur self vulnerable from bad people but also our family
so try not to lure hackers/scammers/robbers to enter your system .

If the criminals targeting you are willing to use violence to get to your coins, a multisig setup is not going to protect you as you could lose something way more valuable than your bitcoin, so the best course of action is to remain silent about your bitcoin holdings, because even if you think the amount is not big at all, there are many people for which that amount could be enticing enough or they may mistakenly believe you have way more than that, making you a target in their eyes.

As from someone who has been this scene for a while now. That doesn't quite help. Even if you downplay it and say you own only $4000 worth of it. And you, think back saying that back in the year 2015 at the bottom. What do you think those people thinking now? Even if you actually sold most of it ages ago, you would still have money left, and when ever you accidentally gave impression that you have money, and those people will remember you speaking about it back in day, and they probably think you just got more of it during these years. And then they do the math.

And seriously, with hindsight, i was stupid when i bragged about btc back in time. Because why would i even ever need to brag about money? It's tacky, in poor taste and serves only people with low self esteem.

Somethings are just meant to be private and never to be share with anyone. I have many friends that are into crypto and has Bitcoin but till date, we don't share amount we have in Bitcoin and we are still cool, I don't have a reason to even to that and to avoid questions that may pop out from anywhere, I make sure that I don't ask anyone for money so that it doesn't bring questions like you have Bitcoin, why don't you sell your profits and used it for another thing.

Investment are things you don't share with people, Bitcoin is a very sensitive stuff you don't even need to share to people that you have because when they learn you owned bitcoin, they might not be the one to even attack you direct, they can send any person to come attack you right in your residence and get access to your wallet private keys and when you don't comply with them, they may take your life.

Don't brag about your investment or how much you have, it is like asking for someone to target you for a quick cash.
Some might understand that flexing what you work hard for or achievement is so satisfying, but at least minimize it don't show everything that doesn't need to be shown in public.
Make sure that you and your family is always safe.

The downside of showing off your cryptocurrency on social media is the trade-off in personal security. Even though they make a fortune through their influence, they also become targets for real-life bad guys. The problem is that these people often do not have in-depth security knowledge. They only know the basics, while the majority of people who lose money lack knowledge about cryptocurrency security. In some countries with low security, they may face risks such as kidnapping. Therefore, maintaining privacy and anonymity is paramount for Bitcoin players. Remember, keeping personal information and assets private is the golden rule in the cryptocurrency world.

Sound advice but what about advocating for the use of bitcoin or cryptocurrency though? I assume that it's going to be difficult to talk about it if you don't say that you're a hodler or hinting that you're a hodler, I know that it might not make sense but the only way to move forward in my opinion with bitcoin adoption or just more people to adopt cryptocurrency is for us to start having more faces than anonymous ones talking about how bitcoin or crypto in general changed our lives. I don't know if this doesn't sound logical to you but to me this makes sense to some degree. But of course, you need to be vigilant about your bitcoin and crypto holdings when you do this since it definitely paints a target on your back, maybe this is a good time to be splitting your assets in different wallets so in the worst case that this happens, you're mitigating the problems.

Well, it is the risk they are subjecting themselves into. Because scammers are always lurking, trying to find their next victim. Because once a person got screwed over the net, that's when he will realized about his actions. With the proliferation of social media everywhere, no wonder a lot are getting wrecked by these fraudsters.

Some people with considerable assets deliberately show off to the public and their friends, aiming for flexing, and that will make them interested in following suit.
It's quite dangerous because there will be many dangers lurking, but if the destination is not included with their main wallet address, it may still be safer.

The purpose of flexing is to increase followers and there will be many who follow some of the projects that are done, so it will also provide benefits.

I created a topic discussing this a few months ago where I stressed the importance of not even speaking about your bitcoin or cryptocurrency holdings what so ever. It’s no one else’s business but your own how much you own or have of anything, therefore, keep it close to the vest, so to speak. Ones finances are private and should remain that way.