Topic: Do not share your bitcoin holdings with everyone - page 2. (Read 2971 times)

Not only about Bitcoin, but also about all the wealth you have, just stay simple and humble about what you have, because usually people who show off their wealth to others will end up with unpleasant things. That's why I myself don't really show off what I have and still prefer to be anonymous, even when other people ask me if I have Bitcoin I will answer that I don't have it and say that they should find out about Bitcoin themselves, not about being paranoid but I'm just being careful since there are many crazy people out there.

If the situation dictates it - then the parents, your own blood, cannot be trusted. There are different cases, but naturally, everybody would expect warmth and security from your relatives to you and vice versa. However, sometimes, it's not the case, and many just crave this because they didn't feel it in the first place. They crave the ability to trust somebody like a family member to them.

Even if you don't have relatives who can be trusted - some friends become a family for a person, their own safe space, so to speak. Also I agree that no stranger or lucrative person should be trusted with such info, there is always someone who you can put your shoulder on in a case of dire situations. That's our nature to stick together, on a different level.

I agree with all of the points, but I would ask what Iranus said - what about your wife with who you live for a pretty long time? It's like your family at that point, in my opinion - and of course, each situation is different, but, still.

Cases of parents taking advantage of their children or vice versa are rare and we should be flexible if we are unfortunate enough to find ourselves in such a situation. Also, most parents are the most trustworthy people in this world because without them there would be no us, without their upbringing we would not be here today. So if we doubt our parents, then no one in this world will trust us, let alone give us the right to doubt others.



I think people are just talking about outsiders, strangers because in life, we cannot survive without trusting anyone or without anyone trusting us. Everyone has closest relatives, people who accompany us in life. People who have no relatives, no trustworthy people are just failures because they trust no one and no one trusts them.


What about your wife?

I think he deserves it, this serves as a lesson to keep his mouth shut. In as much as bitcoin is a good investment it also comes with some dangers attracted to it so however we must be careful how we reveal our secret, most expecially our investment. Most folks are not happy about you, they don't give a fuck about you, so showing them your bitcoin is more like someone who is digging his early grave. Bitcoin in your possession is good and also can kill you if dont keep your mouth shut the fuck up. Although from his lesson I think he will not try it again.

It is good we do the needful and stop flunting our asset and attracting people around us. I have heard severy news of people being kidnapped and killed due to revealing our bitcoin asset. So we need to be careful.

In my case, I trust my parents, so it's not an issue for me to share personal details about my finances with them, just like they share everything with me. But that is my case, therefore I can't say every parents are going to be trustworthy and loyal to their children, because there are situations where parents took advantage of their children and even commited crimes against them, while the opposite has also happened in other situations.

To tell people to not trust anyone is too extreme. I think you have to discern who you can trust from who you can't. At some point in your life, inevitably you have to trust someone, otherwise you are going to have a hard time doing business, making friendships and building a professional career.

I would avoid talking to women about personal finances, though. If you don't avoid, it's going to be pretty hard to conclude if she is interested in you or in your money.

It is safe for us to always keep our crypto assets from social media because we don't even know who could have the capacity to lure us getting access to our password or seed phrases maybe through corrupt link or whatsoever. Many scammers are on the Internet and they are always observing looking for their next victim to steal from. As a crypto investor, it is better we discuss about cryptocurrency in a neutral ground than trying to impress the public exposing the worth of our crypto assets. This alone can attract scammers and hackers to keep tracking our conversion so that they could get access to our password or something that will ease them to steal from us.

Considering the number of crimes happening worldwide from those close to each other, I wouldn't recommend trusting anyone. We often think certain people around us are trusted and that we can share anything with them, but that isn't always right. Someone trying to be trustworthy and loyal around you might be doing that intentionally to gain your trust and stab you in your back. So, we should be cautious with people around us and never share confidential things with anyone.

The only people you can trust on this earth are probably your parents and then your spouse, and trust your spouse if only you know he/she is trustworthy because you have been together for years, and it should be easy for you to understand that when you are living together.

Never share anything about your finances and financial condition in public, anywhere, whether it's a family gathering, a public place, hanging out with friends, etc.

I recently read about a funny story. I don't know if it's true or not.

The person telling this story claimed that it was a real post in the Telegram messenger. Anyway, the story is as follows...

One guy consults with other visitors to the Telegram chat - "In 2021, I gave my girlfriend 1 Bitcoin. I printed out a paper banknote with two hearts and our names. The paper banknote had a seed - 12 English words. Now the price of Bitcoin is $ 76,000. I have a copy of this paper banknote (I created it in two copies because I was planning to marry this girl). I recently went into this wallet - 1 Bitcoin is still at this address. Can I transfer this 1 Bitcoin to my own address, considering that this girl left me for another man last month?"

People already understand the power behind Bitcoin, it's practically like cash. If you publicly reveal that you have a lot of it, you’re at high risk of others becoming jealous or even trying to steal it.

Nowadays, even ordinary people know that Bitcoin is valuable and could make them a fortune. So yah, it's unwise to flaunt cryptocurrency on social media, as it can put you in danger. With significant inflation in various countries, the value of money is high right now, and people will go to great lengths to obtain it.

That is terrifying story. Sharing information about your cryptocurrency savings can put you in danger. Person was kidnapped by family member who knew they had a lot of cryptocurrency and kidnapper demanded Bitcoin as ransom. This shocking incident shows why it is crucial to keep your financial information private. To stay safe remember keep your cryptocurrency holdings secret and do not share financial details with acquaintances or on social media and only discuss investments with trusted people and consider using anonymous online identities. Your safety is most important so be cautious and protect yourself from potential threats. Thankfully stolen funds were recovered and hopefully victim is safe.

It is true that the greed of money in present times is very bad if you have a large amount of money many times your relatives will try to steal it. That's why I think it's important to take precautions to be safe when it comes to investing in bitcoin. No one will get the information about my bitcoin amount if I don't say it myself it is very easy to hide them. It is generally not to share your private things with anyone else bitcoin investment amount should be kept confidential knowing someone else can give access to your funds and compromise the security of your wallet. I share it with my wife so that she can use it instead of me.

I think you are not paranoid at all. The latest case of crypto-related kidnapping  has happened 4 days ago. Luckily this man rode out of storm ^{bought his  way out paying $1 M worth crypto}   opposite to that guy who was forced to transfer  $170,000 worth BTC to kidnappers but was killed at the end. It has been well said that,  "there is no wisdom like silence"

At one point you could feel like sharing your Bitcoin investment plan is part of the reason to keep going, like some kind of encouragement for you, this was how I used to feel too until I don't need to anymore, but now it's very hard to pretend like I don't have anything.

Some time ago I had to lie that I was broke because too many family members start asking me for help and I can't afford it, I was like why me until I found out that someone in the family spread the rumour, I thought he was someone quite and who doesn't talk much but I was wrong.

Now I had to leave my old city for another one, just to stay away from any possible threat, so OP you are on point with your warning, many around you don't want the best for you, they are just pretend to care, and when you manage to take the upper hand they can still hurt you, no harm comes to you if it was not plan from the inside. Stay safe everyone.

I think a lot of people underestimate how is it important to be secured online or offline. And they often tend to brag about what they have. Maybe I'm kinda paranoid, but I don't share that stuff with anyone, and I'm using only fake name on social media to at least feel safer.

Totally agree with the op, in this world today, we no longer know who is who, alot of people comofladge themselves as our loved ones, our family or friends, but right inside their heart, we know not what their ambitions are, or what they are capable of, and like it's commonly said, that the heart of man is desperately wicked, it is better that we always be very careful around every one, most especially in terms of finance.

Anybody can crazy when they see money, and this is very possible due to alot of sufferings in the world today, so for every one of us that hold bitcoin, it is important we safeguard ourselves and keep our holding to ourselves alone, not even my wife knows that amount of bitcoin or cryptocurrencies I hold, not to talk of friends.

They can be the closest to gain our truth but we have cases that the trust is not seen within rather is gotten from an outsider and it will be the best decision ever made, yes is family but some families ain't really your family be you the wife or children. It might feel bad but the chances we take in life is just covered with 100% risk so trusting an outsider can be a second choice in this case.





Come on brother, I know it will get to this death thing, fine let's put death aside. I think without death in play it would still be ok to make it look like is a win win for both parties which to me it is, meaning that the wife should know about half of it and you getting the other half, that's for security reasons because you have no idea what might get into her head and boom you're losing everything.
But when death had to come in I think letting it out would be nicer but I'd rather keep half of my assets on my will and the other as a test run to see how they behave.





It doesn't change a thing, a pastor can decide to be the evil that destroys a happy home, people do change because things, ideas of various kind get into their head. You can't be 100% certain that if you teach your child/children the ways of the Lord that he's going to stay that way, no he won't, life is a choice and is a 50/50 chance if your child keep to what he or she have learnt or being taught.

Telling about our Bitcoin investment holdings to other parties or other people is the same as telling about the amount of assets or money that we currently have, so this could of course invite other people's bad thoughts towards us. So this clearly doesn't need to be told to many people if we want to be safe and secure from bad things that can happen unexpectedly, because we ourselves cannot predict how someone will think after knowing our ownership after he knows it well enough through us.

I also thought that I only needed to tell my partner about investments like Bitcoin at home, but I also thought again that he would be quite fussy and mention this to his neighbors or close relatives. Of course it would be quite bad to be told about this, so I prefer not to tell him about this even though on the one hand I also have to be open to my partner about what I have invested in all this time. However, I have also given him a little understanding not to discuss our Bitcoin investments with other people, even if those people are our close relatives.

You got to be kidding me.  So a thief or hacker or has access to a victim's btc and just has to transfer the btc to an electrum wallet, now they send it to their exchange account and there is zero issues?



What if that victim files a report?  Who would they report to?  Would they report to whatever exchange that person is using to cashout whether it's binance or coinbase or whatever hey that person took my coins and a report will be filed or none of that because that person can't prove they owned the btc?



The only thing that the thief or hacker would have as an issue is if they were from the US and had to file taxes, they have to make up a story on how they earned the btc in the first place if they got audited?  However, when the btc goes from one address to another in previous transactions that the victim did, wouldn't they have to explain it to the IRS if they got audited though?  Like how would they explain the total amount of say 10 btc transactions that was done before this if they were told I see you bought x btc from here and then moved it to here etc.  Well if that victim bought btc from coinbase or binance... wouldn't the IRS notice this and say you aren't this person?  Surely they could check this right?  Then again btc doesn't have an owner as like money to a bank account.   



Does that make sense or is this thief or hacker going to have no issues? 



The only difference is if this was done to an exchange, then it doesn't matter if this person sends the btc to electrum and then another exchange to cash out since the authorities would be checking the movement of the coins?  However, what is the difference if it's a regular person who is a victim?  Let say this victim had 0.1 btc.  What if it's 5 btc?  What if it was someone who had 100 btc?  Surely the exchange that the thief or hacker send it to would freeze the transaction?  However, how could the victim who is the accuser even claim the btc was theirs though where they had to transfer the btc or it was stolen or hacked?