Yep — applies to not only bitcoin and crypto, but your wealth in general. It's simply the most nonsense thing ever as all you're going to gain is a bit of bragging rights, in exchange for a dozen of potential problems. Next thing you know your friends and family are now trying to loan money off you, and a kidnapper with a $5 wrench is waiting for you around the corner.
https://chainsec.io/wrench-attack
Topic: Do not share your bitcoin holdings with everyone - page 16. (Read 2743 times)
It’s never a good practice to let others know about your financial life, sometimes it’s even better if those close to you don’t even know anything about your finances or how you receive and spend money, on what form is your money keep, the type investments that you have ventured into, just be as secreting as you can be. Because there’s a higher chance that you’ll attract people with ill intentions toward you just as what happened to the person in Op.
And this is the reason why I always admire those that still go out of their way to publicize bitcoin; because if I should try to tell people what bitcoin is, even when I don’t have much in possession as long as I know what it is I’ll be categorized as a very rich person because they think only extremely rich people can have bitcoin and this is also an example of how one can be at risk for letting other know about their finance.
And this is the reason why I always admire those that still go out of their way to publicize bitcoin; because if I should try to tell people what bitcoin is, even when I don’t have much in possession as long as I know what it is I’ll be categorized as a very rich person because they think only extremely rich people can have bitcoin and this is also an example of how one can be at risk for letting other know about their finance.
In the society in which we find ourselves today, being wealthy alone makes you a target for kidnappers, and it creates more enemies for you as a human. Your financial life should be kept secret from the eyes and knowledge of others. That way, you can rest assured of your own personal safety.
It has already been said that time without privacy matters a lot. It's not just because you want to hide your identity, but for security reasons. If one starts broadcasting their bitcoin holdings, then there is no privacy attached to their investment; they can just add a name tag to all their addresses so that people will notice how wealthy they are in crypto.
Only those who are looking for attention always share their holdings information, and their reason for such is what I can't really figure out as they always fall victim to either being killed, rubbed, or any sort of criminal assort.
It has already been said that time without privacy matters a lot. It's not just because you want to hide your identity, but for security reasons. If one starts broadcasting their bitcoin holdings, then there is no privacy attached to their investment; they can just add a name tag to all their addresses so that people will notice how wealthy they are in crypto.
Only those who are looking for attention always share their holdings information, and their reason for such is what I can't really figure out as they always fall victim to either being killed, rubbed, or any sort of criminal assort.
This advice should be just straightforward do not flaunt your wealth. If you use the search function you will see members have created this kind of threads and posts warning of this. It doesn’t only exposes you to the government eyes but also exposes both you and your family to dangers. Sadly this is one of the many bad things social media has introduced, many People mostly Gen Z flaunts themselves and don’t see it as breaching their own privacy.
Also many people have had this bad narrative that those involved in bitcoin investment are super rich people because they make profit everyday. So when news of you having them go out you are at a huge risk of getting kidnapped or killed for it
Also many people have had this bad narrative that those involved in bitcoin investment are super rich people because they make profit everyday. So when news of you having them go out you are at a huge risk of getting kidnapped or killed for it
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.
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