Topic: Do not share your bitcoin holdings with everyone - page 6. (Read 2726 times)

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.

Money should always be kept a secret, if the money is revealed, they become their own enemies and they want to take that money by any means, because they cannot handle greed. In that place the person is holding a lot of money invested in bitcoins and has disclosed it to everyone. This is a completely stupid thing to do. Because no one can handle greed when they see a lot of money. So it is always better to keep one's holdings or financial assets secret at all times. This will keep you and your assets safe at all times.

Those who continuously receive help from other people will find it very difficult for them to be able to live independently, because they never think about how to develop their own potential. If this continues, this will be a bad thing. For them, when that person is no longer able to help them, of course they must be able to develop their own potential and not have too much hope for other people.

When we make an investment, we have to guard it ourselves and never tell other people about what we are doing because this will cause problems for us in the future. It would be better for us to keep the investment we make confidential ourselves and not tell anyone. except our own wives or children.

everyone has to live independently, that's what my parents and my uncle taught me, it seems good to provide assistance to other families, but will the quality of life of these people get better if they continue to receive assistance? of course that will only make him or her continue to be spoiled and try to continue to get help, and in terms of bitcoin investment, i will not give 100% trust to other people, in fact there are many cases out there about people closest to them betraying those closest to them.  Therefore, you don't need recognition at all, flexing is not important, if you do have a large amount of bitcoin in your personal wallet account then be humble about it because people out there will target you, they want to steal something that you have.

Well, maybe you're right, maybe we have different circumstances and living environments so we have different thoughts. Because in my family, for example, we live in harmony and always help each other. I am a person with a good income but no one in my family has ever asked me to give them money, each family member has their own job and income.

I also agree that there have been many cases and crimes related to money, but not everyone is bad and there are no good people in the world. Depending on the situation, I think we should also be open with each other, because suspicion will always be a barrier that drives people further and further apart.

This made me recalled my whereabouts along my hood where I heard some guys arguing about criminal activities though I don't see them like one neither did they claimed to be one of the pertakers in the criminal activities.
I could pick a like where one of them said that smart kidnappers now doesn't request ransoms on Fiat currencies anymore instead they requests payments on Bitcoin so that they would be untraceable and quit easy for the cash outs.
I think they are not really enlightened about crytop because they started to talking about the bitcoins wallets verifications of personal documents and facial verifications could lead to getting caught on the process while some could say... So, I heard there are some crytop wallets that are not required verifications before active to be used.

Bitcoin in a corruptive local societies felt to either be a means to scamming or an investment platform specifically for rich people so whenever who doesn't know about Bitcoin generally crypto investments hears one is into Bitcoin, they basically see you as a rich one.
Naturally they don't care to know what your net worth could be but all they knows is that you have enough that they can extort from you and by the nature of insecurities in the hoods they start thinking criminal acts towards you.

My observations as causes of a Bitcoiner publicly exposing itself sometimes is act of prides as they want to take a prestige and influence the people that they are into an international trading otherwise earning in dollars or foreign currency.

Never disclose your financial situation that you are in with anyone. Could be your family, friends or loved ones. And sharing it to complete stranger is never in the question. Doesn't matter if you are in a poor situation or you are doing great financially, disclosing that matter only creates conflicts. When you have more, people will expect more from you. When you have less, people will look down on you. Whether it is related to crypto/Bitcoin or any kind of asset, do not share that information with others.

I have faced this multiple times in the past and I have learned my lesson. When I had more, I was helping everyone around me. So they were expecting that I would help them in any bad situations. But when I, myself was in a bad situation, no one came to my aid. Instead, they are hoping to get something from me. And when I was unable to provide it, I was the bad person. Now everything I own and don't own, no one knows about those details. If I die, that information will go with me to the grave. Protect your privacy and be safe.