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Topic: Do not share your bitcoin holdings with everyone - page 10. (Read 1998 times)

full member
Activity: 364
Merit: 154
Hiding your Bitcoin or any other of your finances is essential in a world that's filled with wicked thought about people success and what the OP related is exactly an example of why one should keep his holdings or any form of wealth a secret. There is this serenity that comes to everyone when there is not much details of his or her finance because no one actually knows how to get to you or be jealous of you because their nothing to envy and be jealous about.
Intense attachment to wealth leads to envy and greed in people. Jealousy about Bitcoin will surely lead to serious crimes like kidnapping, murder and injury for Bitcoin later. So those who are holding bitcoins are definitely not required to publicly disclose the amount of bitcoins they hold. Will try to steal your bitcoins with greed for wealth and violence. However, you must be careful while walking on the roads. Otherwise any time the robbers can have a bad influence on you to steal your bitcoins.
sr. member
Activity: 546
Merit: 342
Hiding your Bitcoin or any other of your finances is essential in a world that's filled with wicked thought about people success and what the OP related is exactly an example of why one should keep his holdings or any form of wealth a secret. There is this serenity that comes to everyone when there is not much details of his or her finance because no one actually knows how to get to you or be jealous of you because their nothing to envy and be jealous about.
hero member
Activity: 3038
Merit: 647
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
This news is out to prove that you can never trust a single person once money is at stake. Whether its a relative or a close friend, you should always set a boundary between the two of you. That way, your privacy will always be safe as you chose not to share every private information that needs protection. And this is where we should learn to live life being lowkey. You don't have to flaunt your wealth but keep it on your own. Otherwise, the way you tell others that you have bitcoin in your life will push them to plan a bad attack on you simply because they want to steal what you have that they even don't have.
legendary
Activity: 2576
Merit: 1655
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I mean it's common sense though, you shouldn't flaunt your wealth in social media simply as that. We have heard a lot of knows about kidnapping and the $5 dollar wrench attack.

Here is a good read:

https://chainsec.io/wrench-attack/

Quote
1. Keep it private

2. Prevent getting unwanted attention

3. Have better home security

4. Learn martial arts

5. Set up a dummy wallet


The moral lesson here is that everyone should be low key and at least remain anonymous in the crypto world. Don't tell anyone about your bitcoin holdings as this could have dire consequences later.
sr. member
Activity: 1582
Merit: 281
Eloncoin.org - Mars, here we come!
It is not just about security; it’ll also avoid unwanted attention. When you share your Bitcoin holdings (or wealth in general), you would most likely attract the attention of friends, family, or acquaintances who might ask for financial support, and this can birth uncomfortable situations or even strain the relationship you have with that person (it would be very bad if it occurred with a family member). So keep it to yourself, before you end up hearing everyone’s needs and wants.
hero member
Activity: 2828
Merit: 673
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
Not only bitcoin but certainly in all investments that you are currently into. Learn to live life privately and keep sensitive information only to yourself. Even if you say your relatives deserve to know about your investment since they are asking too, but know that when it comes to money, you can never trust a single person even if he is part of your family. That is why it's best to keep your mouth shut about your current investment and achievements in life. You don't owe any explanation for them as each of us has a private life that we need to protect.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
Yes of course my dear friend. This will be harmful for you or for that person who will show its holding amount of Bitcoin or any other crypto. Like you have mentioned a story which is totally telling us a moral. Which is that never show your holdings to anyone. So if anyone will do that so he/she can face a tough time because anyone can do anything bad and can ask you to withdraw your holdings and will ask to send it to him. So always show your holdings to a trusted person.

Revealing that you are owning a Bitcoin especially to strangers could literally be a threat as they might do illegal things just to attain your holdings like hacking your device, stalking and worst is violence. That's why it's really better to share your Bitcoin experienced to people you trust and you know that they would acknowledged your introduction to Bitcoin, because we know that the common reason why some people share their Bitcoin experience is to spread the benefits and opportunity they can get from Bitcoin. Plus in case of emergency like something bad might happened to you, then there's someone that can help you to recover your funds.
full member
Activity: 560
Merit: 161
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
This is not just about bitcoin,  but anything that has to do money or wealth. The person was kidnapped because the people understands that bitcoin have value and they might have also know the amount of Bitcoin he has in the wallet.  If it was also fiat they discovered that he had the same incident would have happened.  People just need to be very careful keeping their wealth secrete to themselves, and to reduce the level of flamboyant life they live, this is the easiest way of letting people know how much one is worth.
hero member
Activity: 644
Merit: 544
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

That is why it is never a good idea to tell people much about yourself, because that will later be the channel that they will follow whenever they want to attack someone. I may say that if nobody knows much about it cryptocurrency involvement, they could not even kidnap the person because. But I don't know why some people love telling so much about themselves to people or
show much about themselves in social medias especially when it term of their financially abilities,but may be they  doing it to gain respect because I don't see why I need to tell people so much about myself, if not the reason of respect people are looking for.
 
Bitcoin investment It is a very calm and cool privacy investment that if you don't tell anyone about yourself, they will know nothing about you. It is not like others physical  investments. In fact, nowadays, anyone who tells a person that they are into bitcoin investment will always assumed that person is rich because they know the value of bitcoin. So the idea of someone exposing themselves to people can easily lead them into different which can even make them lose their life's in short even their families.
hero member
Activity: 2646
Merit: 651
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I feel bad about him. It’s not his fault that he shared his investment to a relative.
It is his fault for showing his cryptocurrency investment to relatives because humans will always be human and we have seen good people go bad because of money. Besides, the news of crypto investors getting killed and robbed by close friends/family should be a lesson for him.

Why do those people who take advantage of the fortunate ones exists.
That's because it's human nature to be jealous but every human that can't control his/her jealous buzz will lead into something else and that is the case of what happened to the person OP was talking about. Besides, this reminds me of Fernando Perez Algaba a crypto billionaire who was murdered years ago.
legendary
Activity: 1428
Merit: 1021
The advice is good and I agree that it's important not to brag, but on the other hand you want others to know about this opportunity.

I told some people that I made crypto profits in the past, but I did not tell them that I still own some cryptocurrency.

Profits in the past are not an indication that people will profit from crypto in the future, maybe something else will replace cryptocurrencies completely...!
sr. member
Activity: 532
Merit: 251
Leading Crypto Sports Betting & Casino Platform
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I have also heard about lots of kidnapping news and the kidnappers asking about Bitcoin wallet accessibility. Whenever we improve the safety of our income by using technology and create new income through new technology, we should also be alert to scammers both online and offline. Online scammers are stealing our money and data; robbery and kidnapping are situations that are even more threatening or dangerous to our lives. Bragging about our income directly or indirectly leads to trouble, not only from strangers, but most close ones are the real culprits sometimes. So apart from trading and making money, learn how to safeguard the money by using technology.
legendary
Activity: 2618
Merit: 1103
The advice is good and I agree that it's important not to brag, but on the other hand you want others to know about this opportunity.

Imagine the conversation going like this:
-Hey, have you heard of bitcoin? Maybe you'd like to move some money there since you're looking for an investment.
-Have you invested some of your money?
-I can't tell you.

Sure, we should be cautious with our money, but let's not take it to extremes.
sr. member
Activity: 322
Merit: 299
Yes of course my dear friend. This will be harmful for you or for that person who will show its holding amount of Bitcoin or any other crypto. Like you have mentioned a story which is totally telling us a moral. Which is that never show your holdings to anyone. So if anyone will do that so he/she can face a tough time because anyone can do anything bad and can ask you to withdraw your holdings and will ask to send it to him. So always show your holdings to a trusted person.
full member
Activity: 770
Merit: 180
Eloncoin.org - Mars, here we come!
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
I have actual evidence of this and such an incident happened in front of me. A friend of mine came to visit my city from far away, and met another person from the same city online.  And he easily convinced her a little bit and happily shared with her that he had $105k in BNB, BTC and USDT. As a result the friend was kidnapped and the entire $105k was taken from him. My friend gives those dollars to kidnappers to save his life. He is now financially damaged and his condition is very bad. Because he invested all his money there and also took some loans. So I would suggest that everyone hides his holdings.
Similar stories like yours, I have heard too, and although this had nothing to do with Bitcoin, it stresses on one of  the dangers that exist when anyone goes about blabbing to anyone no matter how close, mostly to a supposed friend, about how much they have or earn or kept in HODLing.

The worst about the subject of crypto is that, everyone these days believe that those who trade crypto no matter the currency, have more money, and although it is not so, the most important underlined truth is that any discussion with a newbie or spy or friend, need to be more on enlightenment of how to earn or invest in some kind of crypto currency, even if it ain't necessarily BTC.
This interest will help open their minds to the possibility of owning theirs instead of thinking how to steal or kidnap to gain all ones hard earned investment.
sr. member
Activity: 420
Merit: 272
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
I have actual evidence of this and such an incident happened in front of me. A friend of mine came to visit my city from far away, and met another person from the same city online.  And he easily convinced her a little bit and happily shared with her that he had $105k in BNB, BTC and USDT. As a result the friend was kidnapped and the entire $105k was taken from him. My friend gives those dollars to kidnappers to save his life. He is now financially damaged and his condition is very bad. Because he invested all his money there and also took some loans. So I would suggest that everyone hides his holdings.
sr. member
Activity: 2324
Merit: 362
★Bitvest.io★ Play Plinko or Invest!
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

There are many people out there who struggle hard and are crazy enough to get money so they will commit any crime just to have money and now Bitcoin is known as one of the assets that can make someone rich overnight so there's no need to be surprised when you brag about yourself having large amounts of bitcoin or other crypto assets, you will become a target for fraudsters and robbers.

don't flex - don't show off - don't brag about whatever you earn and have, especially if it is related to Bitcoin or the famous altcoin, you are just slowly putting yourself into the crocodile's nest.
hero member
Activity: 2814
Merit: 578
It's best to remain lowkey when the topic is all about how much Bitcoin you're holding. Because you don't know what's on the mind of these people even if they are your relatives.

You'll never know how they're going to react when they're in a situation that deals with financial hardships while you're there showing how much money you've got.

If they are in dire need, they could do the impossible. And just as these news below in the past, we should be careful not to get kidnapped and attacked by a $5 wrench.

Missing Crypto Millionaire, 41, Found by Children Dead and Dismembered in Suitcase in Argentina

Some teenagers are making a fortune trading Bitcoin—one even got kidnapped because of his success

This is the key on which making yourself that "Low key" it isnt really just that hard on doing so if you do really give out importance into your life. There's nothing that you could lose
if you do just remain to be this way on which you are really that avoiding into those potential life threatening situation if you do just simply zip your mouth and never talk about on how much
money you do have because just like on what mostly been said on people on here that you are really just that putting yourself in danger. We know that money is precious and there are really
people who do just simply jump in and would really be killing out people just for the sake of money. Whom does really want that? So if you dont like on getting killed
then better shut up your mouth.

Live according into your liking but of course dont tend to share up on how much money you do have and how much you do own.
Criminals are really just that lurking in the shadows and just really that wait up for the perfect opportunity on which they could be able to kill someone for the sake of money.
It's not hard to remain low key but sometimes when our ego needs some feeling. We tend to boast what we have especially with our Bitcoin holdings.

We are trying to control that to ourselves but we're having hard time controlling it when we're already in front of the people that we're comfortable talking to.

But that's the problem, you don't know the minds of the people you're talking to even if you know them personally.
hero member
Activity: 840
Merit: 612
I feel bad about him. It’s not his fault that he shared his investment to a relative. Why do those people who take advantage of the fortunate ones exists.
No one cares, as long as they can make money instantly, why not?

Money is the most important, while friend or relative is more than one which mean you can get more friend or relative especially if you're have a lot money.

It's wrong? yes, but most of people think like what I said above, so trust no one and keep being private.
sr. member
Activity: 812
Merit: 252
Free Crypto Faucet in Trustdice
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
It's good to tell people about bitcoin but it's another thing to show people your bitcoin holding. Flaunting your wealth or showing people your Bitcoin holding is like cutting yourself with a knife and attracting sharks to yourself. The bible says that the heart of a man is deliberately wicked, who can know it.

So anyone can harm you, even your closed friend or relative can screw you up and steal your funds. I'm very discreet with my crypto dealings and holdings in other not to attracting unnecessary attention and putting myself in trouble.
Showing off Bitcoin ownership to other people will certainly put us in an unsafe condition, it is very possible that people who know we have Bitcoin will have evil intentions with the assets we own, so it would be better for us to keep it with no one knowing and that could make us safer in holding Bitcoin. Indeed, no one can know what is in someone's heart even if they are very close to that person. We just need to be careful with our Bitcoin ownership so as not to attract the attention of people who have evil intentions towards us.
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