Topic: Do not share your bitcoin holdings with everyone - page 3. (Read 2726 times)

It is only natural that when a person invests in bitcoins and tells others about the money, they must try to harm him. If you share your Bitcoin holdings with a second person, he will certainly be greedy for your money. And when that relative of yours comes to know about Bitcoin, he will definitely try to get hold of your money in various ways and try to trap you. This incident is actually known by one person who informed a second person about the holdings due to which the person demanded bitcoins as ransom. That's why we should be careful not to tell anyone about these holdings when we invest in Bitcoins, rather it's our own personality. It is better to keep the investments than to share these investments with others for your own safety as you may face losses at any time.

i am having this experience as it stands now.  Because of the environment I stay that has so many persons staying with me, whenever I'm working on my phone a particular guy will come asking what I'm doing with my phone and i will just shun him off but then he just looked into my and immediately he saw the bitcointalk.com in my phone he understood I was into Bitcoin although he doesn't know ty amount of bitcoin I have accumulate but the unnecessary attention and conversations he is bringing up to me is becoming strange by the day.

It's easy to hide your bitcoin holding from people but once some persons know that you are into bitcoin, they seems to have a particular way they see you.

Cases like this happen quite often. And that's why people have to start considering that privacy must be properly protected. And we shouldn't trust anyone too much, even if it's our own relatives. But that doesn't mean we just have to hold it alone without anyone knowing. At least there must be someone we can trust who knows that we have an asset that we store safely. I only told my wife about this. Because he is the only person I trust about this. Because we have struggled from zero from before marriage to marriage and now we have children. That's why i trusts my wife. Because even I wouldn't have gotten to this point without the support of my wife. We have a dream together and we are in the process of making it a reality. So I have good reason to believe it. But I didn't tell my assets even to my siblings. It's not that I don't trust my brother. But I think one person is enough for me to tell about the important assets I keep. But I am very concerned about today's young generation who sometimes trust their friends too much. And in my country there was even a case of murder by a friend of his own friend. And yeah that's about crypto. I don't know the details of the story but it was broadcast by the news media. And quite viral at that time. Even though they are still young. But they share a boarding house. And the mistake was that A told B that he had a lot of crypto assets in his personal wallet. And one day this incident happened. This is truly a lesson for everyone. To not trust anyone except the family closest to us.

It's like this is all I can think of—your most important treasure. Of course you keep it and don't let others know about it. Do we think that if this is told to others, especially those we don't know or who are close to us, you will tell them where your treasure is? Of course, the logical answer is no.

Can anyone do that to a rich man in this day and age? Isn't there already? Now, in the topic made by Op, maybe the one who holds the bitcoin told the one who asked for the ransom, so that is the condition that was asked of him. In short, the lesson is, if you have holdings, don't talk; just keep quiet. Here on the forum platform, it's okay because we're all anonymous.

Wife or children they are humans as we are, money changes the mindset of every individual and it only takes a well disciplined (some though) person to avoid such temptation.
If I'm to be in your shoes from what you said, I'd rather have things in twos, move some of my funds to the other wallet which nobody knows about but me and let whosoever I would want to share my hard earned hustle with to know about the 1st but not the second, that would help should incase things goes out of hand.
You children can one day become the lion that fights against you for your wealth.

Just My Wife , but not the totality there is still enough percent for my safe keeping that whatever happens will remain for me .

we cannot see what life's might bring in the future , our best friend today is our worst enemy tomorrow , our wife today and maybe wife of others if not end well so yeah , security wise ? i only let her know more than half of our investment and the other part is purely mine , and yeah still planning what to do in case there is accident that cross my way as i don't want my hard earned to go for nothing but my children.

Some of those who watched or love seeing the wealth being shared are people that wanted to have a inspiration (aside those greed people that loves seeing luxury and just dream of it)
because those who used as inspiration make their life grows as they believe that if you are looking for something to copy in life then better that this is overwhelming amount to push you through the target.
also this is why they are called influencer to influence people having a better life, while some of those are just want to show their luxurious life for own stupidity.
our family is our defense system ,but some are greed and yeah these days Blood is not important now , but the desire to become rich and yes they will try taking your money from you.

In the business world, incidents like this usually happen often and friends never really want to see other friends succeed in building their own businesses. If someone is jealous of a friend who is progressing then it is a sign that he does not have a sincere heart and he also does not understand true economic concepts. When someone succeeds from our education then we have actually succeeded in making big changes in other people's lives and we will also receive results/compensation in the future without us realizing it. The level of friendship has limits and not all friends can be trusted to be involved in our progress, especially in work that makes money.

Have you ever heard the words of previous parents that there are several types of friends who can be trusted? There are friends who can be invited to the house, there are friends who can be invited to the room and there are friends who cannot be invited to the house. In the past, I often listened to this advice from my parents and after we were adults did we understand what this advice meant. There must be boundaries between ourselves and friends and personal items such as cellphones or laptops are not something that should be shared and they are never allowed to touch personal items without our knowledge as the owner and if you don't limit personal matters, privacy and other boundaries then a friend will never be able to respect our privacy.

Yeah, I think what we earn should only be known by you, your wife and parents, that’s all. Lolz. I’m not sure what’s the trust status overseas but these would be the peeps with whom I would share my holdings and no one else. There is really no point in flaunting our wealth with anyone. We earn it, we should just spend it for ourselves and on our family. Things we earn can only be trusted with them as they are closest soul to us who understand the importance of that wealth and they have no ego or jealousy against how much I am earning or saving. They know very well I’m doing it for them, for the family well being. I think that is pretty well settled and one can actually nominate them in case of emergencies so that wealth can be safely transferred.

The example that is mentioned shows the person trusted relatives. Well, anyone outside family with any close relationship is always a risk to be honest. Better earn, invest and save with full confidence.

If we are in Bitcoin then it is most stupidest thing to expose about Bitcoin holding as it destroys the whole purpose of anonymous nature of Bitcoin.

People(who see some one asset uploaded on soc-med) hope that by following and engaging with those who flaunt their wealth, they will receive advice on how to make money and become rich by copying whatever the showy individuals are doing. However, it should be noted that it is not useful at all because everyone has secrets that cannot be shared on social media. As for someone who has just started and is new to this, hoping to make more money? That's highly impossible. Even big investors will keep their investment strategies confidential to avoid competition.

Showing off on social media is just seeking attention, and it is truly useless for oneself or anyone else. Instead of engaging in such show off in socmed, it's better to focus on self improvement and self evaluation to maximize future income.

Just as one should not tell others about Bitcoin holdings in case of being scammed by scammers, one must tell someone in the family about Bitcoin holdings for financial security of the family. At any time if death occurs due to accident or natural causes then recovery of the bitcoins will not be possible. So every investor should inform a trusted family member about his holdings. However, if friends or relatives tell someone about these holdings, if they are dishonest for any reason, then the holder may be exposed to danger. A holder is responsible for the security of his bitcoins and knows best who is worthy for sharing his holdings.

Not everyone has the same motive for holding bitcoins but my personal opinion is to share with your family because family is the closest when times are bad. If there is any danger someone in his family can easily use bitcoin. May cause harm to others no one else like the family would ever want to get in trouble for harm. Let's share with one of the family to eliminate their own problems.

Yes, most people who constantly show off their assets on social media have a purpose behind it and no one can verify that what they post is actually their real account. Because I just think one thing, if they can make money so well, why do they have to charge others? And instead they should focus more on their investments to bring maximum returns.


I also do this because I not only live for myself but also have a family. But what I find strange is that some people don't even want to share it with their loved ones. They are always suspicious of everyone, even the closest people like parents and wives. Is Bitcoin more important than our parents, wives and children?

Many sheare their Bitcoin holding with others because they want to show them and take intention of them. But that's the foolish work ever. I think gaining intention is foolish work ever. Hide your holdings from others even family to if they want helps help them if you can. You showing of will create problem in future.

Especially when it comes to any money not just bitcoins, there should be no yelling. There are many bad people around us who don't sleep, they only look for big men and money. And at the right time they strike or force you to take money from any direction, because one day you may face huge problems. So (money always prefers privacy) if you can use money rightly then you can live rightly so without shouting keep privacy rightly. Never try to go viral in the age of social media with affluent lifestyle or bitcoin holdings, you may end up in law or the bad guys around you. So money should be kept confidential, if one wants to live properly.

It is for attraction why they're showing their Bitcoin holdings to the public. It's a norm these days on social media that they need to show off for them to get followed.
While the bunch of followers do not think of it, as long as there's money involved, someone's eyes is interested to look at the wealth of over people.
This is what influence and social media has done for the most.

Maybe they show fake portfolio assets to the public to lure other people to join trading classes or signal groups, some influencers hide using fake accounts to create signals that are posted on VIP groups but actually only use low funds for futures trading to capture profit images for posted as proof of a valid signal. So be careful when browsing the internet and you must have the knowledge to filter all the information.

They must know your crypto assets but you must educate trusted people to learn how to access crypto wallets, send balances to exchange accounts and teach them how to withdraw funds to the bank, but you do not give them seeds or private keys and you give instructions that private keys has been kept in a private place.

There are some influencers that I am following who are often showing to the Public their bitcoin and other crypto maybe because they wanted to Lure more followers and maybe some will sign up to  their  crypto classes as they are offering a paid crypto knowledge sharing(some even pretending to be mentor)
but for me personally , I only share my assets to a few people and the first is My wife and daughter , and also my Mother and father .,some people that close to me also knew i am into crypto but never that i told them my assets.

Actually, everyone's response to someone showcasing a large balance on social media varies. Some show respect, while others may be eyeing their wealth. However, there are also people who don't care about what's shared on their social media timeline.

I once flaunted my income on social media, which was above average. I received these three responses from my friends. Upon reflecting on what I did, I realized it was a completely useless action.

True honor doesn't come from money. Even if you're rich and respected by others, their respect is for your money and your wealth, not true honor. Boasting about wealth doesn't bring any benefits if done without a purpose. Showing off might be necessary if you manage a specific business, but with a business goal, not for the purpose of being acknowledged by someone. I think acknowledgment won't bring financial benefits... it just makes you a bit more famous, nothing more.

Not just holding bitcoins I think we should also hide our wealth from people because we have no shortage of untrustworthy people around us now.
Reading this true story of yours reminded me of an incident that happened in our country a few months ago which I read in the news.I read in the news that some bad people in some part of our country are holding a small child hostage.And they demand bitcoins from the child's family as ransom.They claim for bitcoins because they know that the child's family is investing in bitcoins or they have bitcoins because of which they couldn't handle the temptation.
We need to provide enough security for our invested bitcoins or crypto tokens because if someone finds out, they will try to harm us, be it their friends or neighbors.I invest in bitcoins and for the security of these invested bitcoins I have not shared with anyone that I am investing in bitcoins.We should provide as much security as we need to protect our own invested bitcoins or financial assets.