Topic: Do not share your bitcoin holdings with everyone - page 12. (Read 2726 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.