Topic: Do not share your bitcoin holdings with everyone - page 6. (Read 2971 times)

Yeah. It is safer to keep your financial investment to yourself and only reveal to your spouse. Not going around making a public announcement of what you have in your account. This could lead to you being exposed to those with criminal intent. It is better to live your life in private, except you are a celebrity or a political expose people.

Aside from the fact that keeping your bitcoin holding as a secret is safe and good, most people can't control themselves neither their speech, people like this will always fall victims to the hands of scammers, friends nowadays get envious and wicked but it's best to know the kind of friends we keep, prevention is better than cure.
Friends nowadays are not good but we see people bragging about their crypto holding on the internet, that's very bad, keeping some certain things outside the internet sounds safe we should not put all the blame on friends sometimes the victims are the ones responsible by bragging about their crypto holding on the internet

Sometimes our hearts are moved to know someone in order to have recognition. Many of us like to show off our wealth so that people will see that we have more value, but apart from the bad people who are targeting us, currently in the country alone there are also tax people who are happy and want to get tribute from the wealth that is displayed. Moreover, Bitcoin is currently an asset that is safe to steal, considering that there is no legal umbrella at this time

I think that makes sense and I think that recognition and the need to admit that we are great and rich people is not required from other people. In my opinion, be normal even though we already have a lot of BTC in our wallet and don't forget to always update our software.

One more thing. Never save our recovery seeds digitally either in your cell phone notes application, or anywhere else digitally and if we do that, we will do the same as you said above indirectly.

For many people, because of the price of Bitcoin today, and as they see Bitcoin as something that costs thousands of dollars, when they hear that you own a Bitcoin what comes to their minds, or they think of is that you have money, because for the majority of people they don't even know that you can own some fraction of Bitcoin, So you should know that you already at risk of being attacked by this bad guys owing Bitcoin and should avoid any sort of showing off.

The reason for this flaunting of wealth or showing off your Bitcoin is because a lot of us are being moved by what is happening on the social media, and some people who are into Bitcoin or Bitcoin enthusiasts follow suit, forgetting they are holding a valuable asset and money and hence would become an attention for the bad guys.


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Honestly, That's what i've learned this year, Not all your relatives are proud on what you've accomplished in life, They will clap in front of you but once you turn your back, they say a lot of things that aren't good. So that, from now on, I distance myself to them and became lowkey in everything. it's true that you dont need to flaunt everything in life, you dont need any validations from others because if people doesn't know everything about you, they will never destroy you, so let's stop having a crab mentality and let's learn to be happy with other people's achievements

This is true, only loved ones like parents and spouses are not jealous of us, most people will be jealous of each other when they see others superior to them. That is the selfish nature that exists in each of us. So it would be a lie if we said we weren't jealous of our friends if we weren't equal to them.

Not only with bitcoin but with any asset of great value, we should not share or brag with everyone. That doesn't make people respect or praise us, it only makes them jealous and hate us more.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

There would be limitations and exemptions on which it will really be that still depending on you whether you would be teaching up a particular person or not. For us who do have that kind of good amount of holding
with your crypto portfolio then it will be that normal that we will be that mindful about security. We do know on what are the potential risks that it could bring in regarding with our own safety, knowing that
society nowadays or community or even on worldwide scale which criminality is really just that lurking in the shadows and if you do make yourself exposed then you are putting yourself on great risks.
Even myself do decide on keeping quiet about my involvement with crypto, i dont like on getting asked or have those query neither with my relative or close person. I just dont like that have the time on telling
them and make learn. If there are some situations that they do able to ask out and i have time to answer then i might do but most of the time i would be leading them into those common sites
about crypto on which it should really be enough for  them to learn.

Its better to be safe than sorry.In todays world, money is everything and it would be so unwise that you will be making yourself that too boastful or too tactful
about your holdings. You are just simply doing suicide on that scenario or condition.

I agree with your opinion, there are some people who already have expertise but they don't share what they understand well with others for various reasons that they have, I think it would be better not to do this if we already have one. expertise, then we can teach those who really want to learn from us what we have mastered well, because by sharing the knowledge that we understand well, of course this will help the people we teach and can also be a lesson for ourselves Alone.

In my opinion, it is a good choice to tell your wife and other family members about the problems we are facing because telling them will make us feel a little more comfortable and we can also ask them for solutions.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

When you share your bitcoin holdings with others, everyone will think you are financially strong, which may lead to blackmailing rather than lending money to you. or don't hesitate to take various steps to harm you financially. Bitcoin is a very promising and strong currency for the future.  So it is best not to share this holding with others. And if you do share it, it may pose a risk to you with no guarantees. So try to avoid the issue of your bitcoin holdings.  And if you want to share, never share how much you are holding. Knowing that you are holding will let people know that you know about Bitcoin and use it.  But no one can understand your financial status if you don't tell them how much you are holding.

I agree with your good thought. A valuable feature of using cryptocurrency is that it remains anonymous but there is no security if we disclose our personal holdings or financial status to others. We should not share our personal finances with anyone, not even within our own family. Although keeping it a secret within the family can be difficult in many cases. But should still be kept. Many may say that if a person dies in an accident, how can family know about the money? In this case, you must select someone trusted by the family and keep a good idea about all his keys. But remember that you can be safe as long as no one knows about your finances.

Everyone in the family helps each other, meaning everyone is willing to support each other in every job and every situation, not just for money. Furthermore, if they encounter unexpected difficulties and we help them, it does not make them spoiled and parasitic on you. If we talk about living independently, I even refused to inherit the land my father gave me, because I can afford to buy a piece of land for myself, so I understand what it means to be independent and help others correctly.

Even we ourselves sometimes don't completely trust our decisions, how can we trust someone 100%? But don't be too suspicious of others and always want people to trust you while you always doubt them.

While you have a good intention to share your achievement to your relatives so that they will also be motivated to invest in bitcoin, but its like you are only tempting them to create an attack against you because what you have is that what they don't have, and they hate the feeling that you have been prospering the whole time while they stay being poor and penniless. Most likely, your intention of helping them creates another meaning and that only puts yourself into unsafe situation.

This is why flaunting what you have is not really healthy and advisable. Instead, save it to yourself and to the people who want to support your success, not on the people who are secretly praying to see you falling down.

Many people do this thing for many reasons such as fame, to be respected and just to for the ego and pride. You should know the world we are now, people do anything for fame. Bitcoin is one catchy thing that can easily put one on the spotlight, so it should not be a surprise why you see people do it.

I will never advise anyone who is not ready for the consequences to try it. There are many ways to regret the effect of the gratification that comes with the feeling of affluence in public.

I have also realised that there are people doing this show off for the purpose of content. To them it is all about the impression on social media, a game to enable them build the impression for monetization.  Even though this is a weak argument, everyone is free to explore every avenue they feel can help them achieve their target in life.

If the money you've used for the investment is completely yours and has no share of anyone else then you don't necessarily need to share it with anyone at all, not even your mother or spouse because it's your money and your investment and whatever happens with it is yours, if you make profits from it, you can buy your closed ones some gifts and enjoy the profits or simply reinvest the profits, and if you lose money, just keep it to yourself instead of letting everyone know.

It's always wise to keep your financial activities private, if possible, even keep them out of the eyes of your own family, they should have nothing to do with all that as long as you are providing for them and they shouldn't care for financial matters unless you involve them in something yourself and give them some responsibility, etc.

In today's society, wealth can make you a target for different types of criminals. Kidnappers, scammers and even murderers may target wealthy people because they know they can make a lot of money from them.

For this reason, it is important to keep your financial life private. You shouldn't brag about how much money you have or where you live. You should also be cautious when sharing your personal information online.

I don't understand why anyone would want to share their holdings. This only increases the risk of being attacked. If you're looking for attention, there are other ways to do it without risking your life and property.

Creating your own potential is a good idea because we cannot ask a small question every time from others and I think that these days people are not sharing even their knowledge with others because they don't want that other person become more successful than us.

Sharing your every personal issues with others is a matter of risk because everyone has their own personal life which should not be share with others. I know from wife and children one cannot hide his success and loss because they are only supporter who helps on every step. Investment and other profits are to be keep as a secret because if once those individuals hear about it who are not loyal with you will make your life sorrowful.