Topic: Do not share your bitcoin holdings with everyone - page 4. (Read 2726 times)

The real story of the two friends I have shared here is that the first friend wanted to remove the unemployment of his unemployed friend but he never wanted his friend to improve. The first friend only wanted to arrange a job so that his second friend could continue but could not bear it when his second friend got promoted in his skills. I think if we ever feel jealous of a friend's success then we need to understand that we are small minded. Friends never harm or friends always stand by these words only fit the policy words but the real context is completely different.  
I shared my investment in Bitcoin to my friend, he may not care much at first, but when he knows that I have made good money from this investment and my total investment is now fairly high, he will be jealous. And if for some reason I had a fight with him, he would bring up my investment.  

Protect yourself and maintain your privacy, if you need to share something personal to prove your friendship, that friendship will never do you any good. A true friend who stands by one's side without interest, who is found in times of danger, but it is difficult to find such a friend in this age. Since investing in Bitcoin I have made my device password strong enough and no one but me is allowed to use my device. I want to maintain the maximum security of my investment, since telling someone will not be profitable without loss, only I and no one else will know about my investment, I think it will protect the privacy of my investment.

This is more to the personality of the two friends that you tell and may talk about unhealthy competition occurs between the two, causing social jealousy of the success of each other. What is behind we do not tell anyone about the investment we live in Bitcoin. First we do not want to be exposed to public space because if one person knows then they will definitely tell others. Both there will be many people who will borrow money and in the end will make friendship more tenuous because of the difficulty of paying debts after borrowing.

Third is a case where everyone will avoid it with too many people who know we are involved in Bitcoin will provide opportunities for anyone to do things we don't want. Robbery and extortion can happen because people think we have a lot of money through Bitcoin storage because one bitcoin has a fairly fantastic price. So try not to make investment in Bitcoin known by many people because it can provide an uncertain level of security especially if you live in a vulnerable area.

In the beginning, I felt like it was only people who gamble that did the showoff but I noticed a lot of people showing off their assets in Bitcoin and most especially people who have training centers for those who want to train, maybe to show the evidence of how much they are making but is that really necessary to me it is not at all, exposing the value of you asset it just another way of exposing your self to been attacked, and also for respect and to be recognized of their worth, family knowing is not a bad idea but showing off on different social media is just childish to me. and even in the family circle of some bad friends once they know you have Bitcoin they will try to enter your wallet once they get the chance and that is why you have to be very careful of what you disclose, the best thing anyone can do is to keep their holding private that is the best they can do for them self. 

the anonymity was the best because once that privacy is not maintained and that is why you see a lot of crime where people are killed and their assets are stolen just because they were too loud about their assets and they get robbed and eventually even killed process of robbery, and even set up because the world we live in now a lot of jealous people everywhere. and if not for anything I don't see any importance in showing off your assets to people that won't have any value to you so what is no the point. and that is why so many people are even kidnapped just because of how they live their lives and that is why in some cities even if you have money it is just better to live a low-key life to avoid things like this.


imagine, in your country, if you don't even watch what you say even your neighbors can snitch on you, and at the end of the day you will get arrested, and you caused it, and I know in that country of yours there are people who will be investing in bitcoin heavily but no one will suspect because they are keeping their mouth shut because of they know the risk behind it, and even in your family people you tell about your bitcoin should be very few not everybody you tell about your bitcoin, because even in the family not everyone likes you and can also snitch on you.

Even if everyone wants you well, in fact, some people will never take your progress as good. I have noticed in each case that it is not just about investing in Bitcoin.

Two friends used to work in the same company, the two friends did not join the company at the same time but the first friend gave the second friend an opportunity to work in that company. Initially there was good bonding between the two but as time changed the distance between the two increased. The second friend worked better than the first friend to please the owner of the company due to which the second friend was given a promotion which the first friend could not accept. The first friend's comment was that the person I hired could not be my boss in my company, that's why he fired him from the company by making various slurs on the name of the second friend. After this incident, I feel that no one really wants my own good, since I have to fulfill my responsibilities and protect myself, there is no need to share my personal matters with others unnecessarily. 

There is no need to share the investment that I will invest with because I will not get any benefit from sharing my investment with him rather he can harm me and he can do everything for his interest. There are things that my neighbor or my friend might be jealous of if they hear about them, I keep them completely secret and I keep them from my family too.

Not everyone has the same ability to protect themselves.  He is a strong enough person with social fans and political support and high amount of money support all because of which no one can harm him easily. So not everyone has the ability to protect themselves. So of course you should always keep your Bitcoin holdings hidden. And if you have the ability to protect yourself you can show off like him. Otherwise such activity can put you in great danger.  So you should think twice before doing anything, especially financial

I'm also wondering this, famous Kols are active on social platforms like Twitter, Facebook...they always show off their assets every day looking for new people to join their team. They own millions of dollars in cryptocurrency and I have seen them peacefully for years. Do they need bodyguards every time they go out or do they need police protection? I hate when people flaunt their wealth, but we don't need to exaggerate things about bitcoin any more than necessary.

Spouse doesn't have a different meaning so I don't know why you are still pointing to it that you meant wife/husband and my explanation on this is clear. You might be in the best marriage right now, but I must tell you that most people are in a challenging marriage, and that is a fact, so I only caution you from generalizing the fact that it must be revealed to one's spouse, nothing more, except the person is so sure of the genuity of the union.

Even those who believe they are in a genuine union are still often betrayed, so the advice is clear, one has to be very careful in disclosing their wallet status and access to spouses. Some spouses who claimed they were good might later be tempted by the asset's worth as money is powerful and could corrupt good manners in most cases. This advice might not be applicable to all but could still save lives and property when you are too trusting in a marriage, many have been betrayed. The high level of divorce these days is enough reason for someone to be wise. It won't just start immediatley, it takes time and the less you disclose, the better for you. Of course, unless you are near 100% in trust with your spouse which I believe is not common these days that everyone seems selfish.

A good reminder of why it's important to keep your crypto holdings under wraps. Showing off your bitcoin can lead to kneecapping situations, like the kidnapping incident you mentioned. Even if the funds are recovered, the risk to personal safety is real. Always be vigilant of who you're sharing your financial details with, especially when it involves something as volatile and desirable as cryptocurrencies. Stay discreet with your BTC.

What about the real popular youtubers who talk about btc nonstop?  Certainly they aren't' walking around with security with them like Elon Musk?

Money is very powerful and it can divide a very close family brother against brother, keep your seed phrase to yourself and your mouth shut concerning anything that has to do with your fund or wallet. It's just that everything has gone south if not the safest people to disclose such an information to is your family but since money can change the character of someone, your financial security is your responsibility alone so for me, I'd rather back up my seed phrase instead of disclosing it to a family member in the off chance that I forget or misplace it.

Definitely, we shouldn't share not only the amount of Bitcoin we own but also any of our financial assets with others. Unfortunately, especially today many people have become unreliable and many of these people are unfortunately around us. In a news article I read before, I saw that a child (I said child because if I remember it correct, he was 17) who owned a very high amount of Bitcoin shared it with many people around him and was later kidnapped and then killed because he didn't agree to share his wallet password and send all his Bitcoins. Of course, it is necessary not to believe all such content and I don't know if it is really true news but with such events, we learn that we shouldn't share our financial wealth with anyone. I think that someone who has gained financial freedom with Bitcoin or earned a very good amount of money behaves in this way for show-off purposes in order to attract attention with the increasing popularity of cryptocurrencies today but when we see such content we confirm how wrong this behavior actually is. As Ahzee, a singer I love very much, said;

''We got money not to show, we just got money to blow.''

Not everyone likes to see you have a lot of money so spreading bitcoin ownership to other people is not a good decision. We never know how people will take advantage of our weaknesses and when they have the opportunity they will blackmail us for personal gain. Being anonymous when involved in bitcoin would be much better because the level of security would be much more guaranteed and showing off bitcoin ownership to other people is quite reckless behavior.

This does not only apply to cryptocurrency or more specifically to bitcoin because wealth is a level of security that we need to maintain and if we are negligent and continue to expose ourselves, people will look for loopholes to blackmail us. Always be alert and careful because being anonymous will be much safer than showing off the arrogance of having some bitcoins.

The best and most secured way to live life now is low key, let people not know anything about your finances and let your accomplishments come as a surprise to them. The more you allow people gain knowledge about your financial strength, the more you're gathering unnecessary attention in your direction and not all those who are celebrating you are really happy for you. A lot are friendly enemies. Bitcoin was created to enhance privacy and financial security, but its sad to know that people are now  publicizing the content of their wallet and drawing unnecessary attention to themselves.

People cause their own problems most times with unnecessary publicity just like the man described by OP,  he showed his extended family members his wallet, with clear intention, but the sad truth is that most family members intentions aren't clear towards one another. The best practice is to live a private life and allow your success make the noise. No one should know the actual content of your wallet, but your immediate family is supposed to know that you've crypto, and where they can find your seed phrases in case anything happens to you.

It's right everytime try to hide your holdings. In our country crypto is illigali if you are investing money in it if amy how government know that you are investing and holding crypto that's create a bog problem in you life. I always hide my holding and some people in my family know that I invest in cryptocurrency and hold. In my opinion don't share your investment it's harmful for you in future.

When I mean spouse, I am actually referring to a wife/husband, not just a random girlfriend/ boyfriend.
Ii understand that there may still be partners who may not mean well.for their spouses, but that shouldn't discourage us from still trusting and revealing our secret to our wife/husband just in the case of eventualities.
That being said, know your partner before you reveal your secret to them, so they don't end up selling you out.

The fact remains that not all family members will want to defraud you but then also, some family members might utilize that opportunity when it present itself, moreso, you can't really know people. You can't go about trusting everyone. Even wife and husband's betray themselves, still  there are trustworthy people amongst us who really do not care about our finances, but since we can't read people minds, it is better to be safe than to be sorry

One of the features of Bitcoin is it anonymity as a hodler it's expected not disclose your asset to any close friends, because lack of trust as well as avoid flaunting of your Bitcoin asset once you did that you would be become a kidnapper target mostly if you are based in a notorious city, I read a similar story of guy who live in country who was kidnapped at gun point and forced to transfer all his Bitcoin asset in his Binance account unfortunately he emptied all his coins to the kidnappers before he was let off the hook thereafter after some investigations it was discovered that the guy live an extravagant life style as well flaunting his wealth which prompted his kidnap.

If you are wealthy, you don't have to tell people before they will know that you have money. There are something people will use to detect you that you have money. And one of those things are, the foods you eat, the clothes you wear, and in the highest one is your wife and children. These are some of the things people will use to know that you have money. A girl was kidnapped in the city I am. Her boyfriend kidnapped her and asked her father to pay $3,000 and he paid the money to release her. And she was kidnapped because of her luxurious lifestyle. And to add it to what the Op has said, the above should also be avoided.

In real life we should not Post anything involve in money we have in public or in social media cause the outcome of these are like what you've said there's a chance to be kidnapped as we all know that nowadys there are many people who are actually do illegal if we speak about money. Like that you've said above the relative's of a person who showed a  bitcoins he/she have had been kidnapped and the kidnapers ask for Bitcoin for the ronsom. Even in real life we should not give our details in toe the Public if we have. Alot of money cause if someone will interested then there's a possibility that our life is in risk.

Since greed works in people, it takes no time to change. Especially money-related matters can cause a quick reaction, even a trusted person in one's family can do this. I don't think it's better to tell about the money. And if someone needs to be informed then only he can be informed that he has money but to reveal how much money he has can create a different reaction. Even if you don't trust an outsider, you must trust a member of the family. But you have to take responsibility for your own financial security or else it will be risky. As much security as possible regarding crypto assets that will be better for the assets holder.