Topic: Do not share your bitcoin holdings with everyone - page 11. (Read 1998 times)

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.

I don't think any wise people will share his these kinds of information to any other third party people. There are many people who tell this information to outsiders just to show off there nothing but only stupid. You have to learn what is bitcoin what is cryptocurrency. It's mean a disappear currency. The story you mentioned is actually happening in the world all the time.  A very small number of these have come before us, many of which remain outside the records.  So we have to protect our own privacy and learn the actual uses of Bitcoin.

This could attract even more attention in a bull market when Bitcoin reaches 100k, so one important rule to always remember is that money loves silence. The new generation loves to put their lives on display, demonstrate on social networks, everything from the moment they wake up to what they eat and where they go.

But even more stupid things, in my opinion, are done by bloggers who talk about their investments in cryptocurrencies, show off their portfolios and their profits. It is logical that this will attract the attention of criminals who want to steal this money. You need to think several times whether it is worth doing this and whether it will bring benefit or perhaps only harm.

You should've added the link where we can read or watch the news you were talking about.

Nonetheless, it's not really recommended or worth to share your bitcoin holdings or any kind of investment you have to your relatives, friends, or even to your family that envy your success in a bad way. Trust no one, but yourself, since you're not gonna get anything from bragging your wealth, whether it's on social medias or when you're out with your family and friends.

Stay lowkey and keep them wondering about your success.

Riches is not hidden but that doesn't meant that you should show up to people, indirectly letting them to know that you have million worth of investment, the evil that has befallen many rich personalities today is a result of their pride, the talk uncontrollably in the public nig minding who's is who around them, our society today is full of crime and social vices, people have to advise themselves, miscreant are everywhere looking for information that will enable them to carry out their evil doings, mind what you do, not everyone around you like you, this is the reason why every hodler needs to be extremely careful to avoid this event from occurring, sometimes keeping some information to yourself will help you.

A person must be completely safe while holding Bitcoins or else one can definitely fall victim. When a person holds all his money in bitcoins and tells other people about it, that person's greed will work. Because investing in crypto is a huge amount of money and one time when its value increases and doubles the amount no one can handle the greed. That's why you should not share Bitcoin holdings with your relatives as it can definitely cause harm to you. So we should not tell anyone about the invested bitcoins it will be maximum security and no one will know. Moreover, in countries where Bitcoin is illegal, one should not talk about Bitcoin as it can harm a Bitcoiner the most. That is why you should not share your money with anyone else, it is safest that no other person knows the amount of money you invest except you.

Sometimes it is we that cause so many financial problems that comes our way, this is because people that we think are our family and friends ends up to envy our progress, and this is why there is no need to let anyone to know how you make money and how much that you are worth. When this is done envy and evil thoughts starts to arise from their thoughts and before your know it they will go to any length to get money from you by force. It is better to save your life and your family by keeping you investment on a low key and act as if you have nothing than to endanger your life because you love to showoff your achievement. The heart of man is wicked.

Well, we never know exactly the whole story of the said incident and it was uncertain if that is because of Bitcoin (stealing) or something like a sort of misunderstanding.

But yes, in regards to investing, it is very important to limit the person who knows our investment as it was not necessary to inform everyone that we have this xxx and this...Perhaps, it should be kept secret if possible granting that we never know the minds of the people around us. We must remember that it is money and can possibly create temptation.

Of course they are bitcoin holders they must not tell others about the bitcoins stored in their wallets. Many Bitcoin holders have a history of kidnapping. People can do any wrongdoing for money so those who deposit in bitcoin wallets will take precautions considering their security.

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. He worked hard for it. Being a bit low-key about your crypto is like keeping your cool in a game. It's not their fault the situation happened, but being careful with what you share can definitely keep things safer and more chill.

It's no doubt that the true enemy is someone who lives closer to you, in many country co-workers hunt themselves down, one female who husband is a kidnapper went home and disclose to the husband that his colleague at work have millions of naira in his account, not crypto related but this needs to be said, because some people are the ones putting themselves in danger, and the bad husband arranged for the colleague to get kidnapped, the husband took all the money and killed the victim but they are both apprehended later when they use the same plan on someone else which revealed all their past victims.

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The dead victim must have underestimated the friend at work because she is a woman, thinking what damages can she do, this haunt me for days because it happened very close to my house, and I know the husband too who doesn't look like a killer at all, I can never trust anyone I am sorry to say, as many carzy things have happened.

Even in families, if you know what's good for you, don't ever share your success and worth to anybody, some people don't even need your money, for the fact that you can grow that much and they are still struggling they are ready to destroy your life so that they can laugh at the end, you could ask that what will be their gain, well evil people do get some joy out of peoples fall.

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Bitcoin isn't even popular in my country and I believe that this is why there isn't any crime committed about crypto yet, but I do have fear that in the future when Bitcoin is well known many people might be a target one way or the other.

The scenario you outlined is frighteningly typical of how greed can influence people's actions. It is essential to recognize the consequences of showing off one's cryptocurrency holdings. Such private information being made public reveals weaknesses that, as we've seen, even people in our trusted social circles can take advantage of. It serves as a sharp reminder of how important privacy is when it comes to assets.

One must ask: Is it ever really necessary to reveal the extent of one's financial assets? The lure of quick money with cryptocurrencies has been known to erode morality. In order to protect not only your finances but also your safety and well-being, it is wise to be discrete and err on the side of caution.

This probably won't guarantee your safety either, maybe they don't just care about your bitcoins, they also care about how much money you have.  if you say you own a huge amount of money, it's like you're bragging and you're also in danger.  a thief or robber who steals your bitcoins will also convert them into fiat currency that they can spend, so bragging about having a lot of money or a lot of bitcoins is no different.  the best way is not to brag about anything involving large amounts of money to anyone.

He learned a valuable lesson about the dangers of arrogance that nearly cost him his life. Anyway, I think it's okay to mention it to your family or loved ones just in case something happens. But other than that, saying it mostly with anybody is like suicide.

It is best to keep secret rather than tell anyone if we think it is threatening. Now, we realize how important to keep our privacy because more people have an interest in your life and even have a bad plan when they know you own a lot of Bitcoin. That is why we should be careful when talking about Bitcoin, they might ask us about it but should not mention that we are holding it. Though it was an isolated case, still we need to anticipate such a thing because we never know what is inside their mind, and whatever it is at least we are prepared.

Be careful with people and don't place your trust indiscriminately, especially with people who are not your relatives. There are also some cases where relatives become greedy, causing harm to us, but that is not too common. Therefore, we do not need to always doubt people, especially family members because suspicion will create distance between relatives. We want them to trust us, first of all we also need to trust them, bitcoin is just money and can be earned back at any time. But family affection is something that, if lost, will be difficult to regain, so you need to behave wisely.

Not telling people how much bitcoin you own should be like a basic rule, especially for your own security. If you really want to brag about it eventually just say that you had X bitcoin, you sold them, and you made a huge profit, but make sure to specify that you don't own any more bitcoin at this point. Anyway personally I would avoid also this option, some people may just believe that you still own bitcoins and may come after you anyway.

Showing off wealth on social media or in public places proves that someone doesn't understand the meaning of privacy. Money is a sensitive matter for everyone, even when it comes to your friends. We never know what someone might plan if they find out that someone they know has a lot of money.

Theft, social inequality, negative attention, pressure, and more can become new problems for those who flaunt their wealth. The most frightening thing is the security threat, where anyone might do something reckless for money. They could even harm your family members or close friends if they realize that your money can be taken that way.

I myself have experienced this because when I first had money, I was never taught about ethics and financial education. Now, I have many friends who always borrow money from me for reasons I don't know. Many of them find it very difficult to repay their debts, and it's detrimental to me. I realize that more harm arises when we showing off our money.

That's a foolish thing if you share your investment with the people. Bitcoin is a popular thing, but many people out there don't know, and consider that some people are rich because have it even you own only a few BTC. By my experience, I showed my 0.1 BTC to my friend about 5 years ago. I just sold at that time, but until today, my friend still consider me as richest people who own bitcoin, even it's not much, but because he won't know the value and always hears the news if many people suddenly get rich because of bitcoin, my friend always consider me as one of richest people who own the bitcoin.

Sometimes we just want to show off our achievement or what we have because we're proud of ourselves. But too much flaunting like this can put yourself at risk without you knowing. It's because not all are happy, some are envious resulting for them to commit such bad deed.

Therefore, it's not advisable to flaunt your wealth (not just your crypto but in general). Keep it a secret if you can so that others won't know. Trust no one especially nowadays that even family members can be toxic and greedy. This is not often the case but still happening in reality.