Topic: Do not share your bitcoin holdings with everyone - page 10. (Read 2971 times)

Boasting is truly a disease that many people suffer from. I also really don't understand what benefit is there in telling people that we have a lot of money. Meanwhile, if we look more closely, it is clear that bragging brings us more trouble. Besides putting us in danger if someone intends to kidnap us for ransom, bragging will also make others hate us more instead of respecting us. Bitcoin or any other valuable asset, we should hide as much as possible because it will help us sleep better.

In the country that bitcoin is prohibited, then you have to be very careful. It's best to avoid discussing bitcoin with strangers unless you know them well, as there are covert government agents out there. You might be arrested and jailed if they find out that you have invested in bitcoin. If you live in a country where it is illegal to own bitcoin, you must keep your head down and keep your possessions hidden from others.

Don't you think your life will be at risk? Or do you think that after showing them a decoy wallet, the kidnappers will just free you and ask you to go? They are still going to demand a ransom, and if you cannot pay in bitcoin, they will ask you to pay with fiat currency. If you cannot pay, your life will be at risk. The best thing is to never tell anyone the amount of bitcoin that you are holding.

It's not that some people are showing off, some people do end up telling people about their investment just because they are trying to convince people to invest in bitcoin. If you are trying to introduce anyone to bitcoin, then you know you have to use your wallet as an example. Just tell them the basic things about bitcoin and the importance of bitcoin, and tell them you are also holding some bitcoin. But some people will show their wallet to encourage or to make people believe them, which is very wrong.

When introducing anyone to bitcoin investment, you don't have to force anyone to invest in bitcoin, just tell them what you think they should know, and that's all. It's left to everyone to choose whether to invest or not. Don't put your winning investment or your life at risk just because you are trying to convince someone to invest in bitcoin.

Some people just don't know how dangerous this is and want to show off. There are a lot of stupid people around, we can just do better and try to teach them.

Money loves silence, this applies not only to Bitcoin but also to any funds that belong to you. I don't understand why people share information about how much they earn, or how much money they have, or any other valuables. Perhaps they do this to show their status in society, but it can also play a nasty trick on them if this information gets to the wrong people. These are unnecessary risks that are created for themselves by those who cannot resist boasting.

Those who love to brag are unknowingly causing their own harm.  Because if you share your investment or weight with others, there are many chances of its loss and its loss will never be through distant people.  He will be harmed by those close to him.  So it is never wise to share your investment with anyone. there are many cases where many have suffered a lot due to such mistakes. It is a personal matter of everyone how they present their financial status but I personally would never share my investments with anyone.

No, that's not how you do it. In fact, that will make things even more dangerous for you since slums have lots of criminals who rob pretty much everyone including normal people.

What you have to do, after becoming rich, is to keep your old, normal and low-profile life. Then people are going to think you are just the same as everyone else.

I agree with both of you, bitcoin is just money, nothing more, nothing less. So, this story will be more perfect if we say that we should not brag or share with anyone about our investment portfolio or assets. Flaunting our wealth to others puts us at risk even if we hold gold or fiat currency, not just bitcoin. So, even if someone does not invest and hold bitcoin, don't be foolish to share with others that we have a lot of money. But it's hard to understand why some people like to brag, what will they get in return other than danger to themselves?

Yes cryptocurrency is an asset like dollar, euro or fiat money. And it carries financial status. so of course it should not be publicly shared how financially strong you are and how many cryptos you hold. Most of the people are jealous of their financial condition. So if someone knows that you have Hughes amount of money then you can be a target  And anyone can do you any harm for it. So everyone should keep their financial status hidden at all times.  It is very safe and can lead a comfortable life

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

I feel that's just show off and carelessness because I see no reason why he should show his sweat to not just 1 but more than one of his relatives. Definitely it would spread and they can do anything just to get hold of his money. Your passcode or anything concerning your wallet or anything that you feel you're using to secure your assets shouldn't be shown to nobody but one person that it can be shown to, just that person you trust with your life, that should be YOU and nobody else.

Why do you have to disclose your bitcoin investment to anyone? Your investment should be secret, and if you do disclose it to anyone, I will make sure it’s someone I'm very close to, not just a random person in my family. Even if I am explaining anything about bitcoin investment to anyone, I don’t use my wallet as an example so that they won’t know the amount of bitcoin I am holding. I will ask them to create a wallet, and I will use that to explain it to them.

I can say it’s not only bitcoin investment, don’t always disclose even your bank account balance to people, if they know what you're worth, they might end up targeting you. If anyone comes to you to ask if you are holding bitcoin, just tell them you are holding a small amount of bitcoin, but never show them your wallet.

Can I see the news because I searched but didn't find any related articles about this.
But indeed the most important lesson in this case is not to overexpose what you have is an important thing because after all when talking about bitcoin then surely we already know what anonymity is so why make your own condition more difficult because of showing off ownership by exposing the portopolio that we have just for a moment of exposure and popularity.
Currently, something like this is quite rampant where bitcoin is used as a place to show that they have considerable assets even though it will invite something that is not wanted.

I have learned something, that our love life, projects and whatever we have in money should not be shared with anyone, because what most people can feel is envy when they know that anyone is doing well, it is better to publish stupid things on social networks so that people believe that we are stupid, but envy and bad energies have a lot of influence, when it comes to money, the best thing is not to give information to anyone, and keep that secret in addition to envy and all that bad , what is created is an imminent danger for the person if they realize who is actually the owner of that wallet and it is a danger for their own life.

Nothing special in that, as this can't be only bitcoin, if a person only have money the thief can ask for his money too, whether he have any other way of investment. Also, sharing the money with other people can't give a person profit as we have seen that that in this world people can only ask about your money that how much you earn but can't tell of his own.

But how could the theft kidnapped your relative and how could he directly goes to know about the bitcoin holding of your relative? Are the kidnappers were so cool that they have knowledge about the bitcoin and the crypto field? Or this is just a story you told us to stay safe from telling our holding to anyone?

This has been said to me many times and I have not shared to anyone even my friends that i have invested in bitcoin. some people might think this is selfish because you’re keeping a good financial advice to yourself but you should know when to share or keep things to yourself for your own safety for anyone who keeps their wallet in their phones you need to be extra careful and cautious of everyone but yourself

In a case like this, I would recommend having some sort of decoy wallet, and hope that the attacker/kidnapper (or relative in this case) finds that amount enough... You could even tell them that it's all a lie, and all you have is the amount in the decoy wallet... and that you only wanted to brag a bit about it 

With ordinary money and with cryptocurrencies, there are only 2 problems:
1 - how to earn it.
2 - how to save it. This point includes not sharing information about the bitcoin you have, including with relatives. The implications have been discussed extensively in this thread.


Good news should not be shared with anyone at all. Still, no one will appreciate it properly and will not be happy for you. Outwardly, this may be demonstrated, but the dark nature in a person will probably only be jealous of your successes. This is especially evident when it comes to finances. Silence is gold.

Why then earn money if it doesn’t radically change anything in your life? Just for the inner feeling that you have money? I'm not saying you need to live your life extravagantly, but why would you need more money than you can spend? To leave it to the wife and children so they can quickly blow it off?

I mean it's your relatives among all those people, it's really such a shame and I think it should not really be such a situation for most people. I am not saying your relatives should not harm you, but if you can't share the good news that you are doing better with your relatives then you should definitely share it with anyone.

I believe that we are not going to end up with anything that would be a lot more riskier than that, we should be just hiding it even from our spouse if we can. That's what I aim to do, not that I have anything but if I ever get rich one day, I am going to just hide it from my wife as well, and just make sure that I can leave some good amount for my family after I pass away, because I know that if I tell it to my wife, she will spend it all in five minutes lol. So I will make sure we live a good life, pay everything like I am earning a salary, probably act as if I make a little bit more than usual, but nothing major. I make about 1k a month right now, and I will act as if I am making 2k a month, and that's it.

But that's life, there's this person and that person, you can't expect everyone to think like you. There will be people who live very simply and discreetly even though they are extremely rich, but there will also be people who have nothing in hand , are in debt everywhere but always want to brag that they are rich.

Furthermore, in today's life, matter is what determines human consciousness, many people don't want to be looked down upon, so they often want to prove they have money to gain more respect . But trouble is often beyond their imagination. In my opinion, not only bitcoin, we should not brag too much about any valuable asset, be humble and humble to have the most peaceful life.

That's true, there's no essence for you to show off what you've got whether they are other assets that you have or the Bitcoin holdings that you own. It feels unsafe if you're going to do that at this time and it shouldn't be done by anyone for your safety. I think it's best to keep quiet and be happy with what you've got while leaving these people on their thoughts that you've got nothing.

Just put the discussion into being optimistic about the tech and Bitcoin but never get so optimistic in front of them as if you've been holding millions of it because they will notice you.