Topic: Do not share your bitcoin holdings with everyone - page 7. (Read 2726 times)

Therefore, not all close friends have bitcoin, they only know bitcoin is expensive because they see it from the news while what I am worried about is that they are trying to do something that can threaten me so I want to avoid it.
We also have some friends who are already involved in bitcoin each other have bitcoin but never mention the amount we only discuss bitcoin trends.

Now that I want to keep it a secret to anyone, someone's intentions may never know even if someone is very quiet once acting they can threaten us, so close the secret of ownership never reveal anything.

I've heard of a case that might be an example:
Someone has gold and he always talks to his friends (can be said to show off / arrogant) because he already has a lot of gold and stored at home, what do you know the person who stole and threatened him was his closest person, because he felt jealous so he was determined to steal the gold when he was alone at home.

That might just be a lesson.

The quantity if going to depend on location, but also on the kinds of people who you might know - if they are poor, desperate or unlawful or if your friends hang around with people who are poor, desperate and/of low respect for the property and/or lives of others.

Between 1 and 10 bitcoin might seem to be a lot of money.  And people get killed over cell phone robberies, too... so the item might not need to be super valuable, but bitcoin is super portable and pretty easy to liquidate, but if they rob you they might need to attempt some kinds of mixing, joining and/or moving coins around in the event that they might go to an exchange with the coins.


It seems that we talked about this idea previously..  Sure, bitcoin has monetary properties, but it has some unique attributes too... and maybe if someone is just trying to cash out right away, then the bitcoin becomes dollars, but the person holding the bitcoin prior to getting robbed might not have been considering cashing out in the near term, but  instead might have had been considering bitcoin as a kind of insurance for his/her future self.  Bitcoin has pretty great potential to transfer present value into the future, and if you hold onto cash, you might not feel as confident to put $10k under your mattress as compared with $10k into bitcoin and then retrieve it after 5-10 years and see what it is worth.

For everyone to be safe, just keep privately whatever asset or achievement you have.  You don't need to let the world know what's happening to you or how far your achievements have gone. That will only trigger some negative feeling towards other people or even your relatives once they have discovered that you're richer than them or you're keeping wealth that they don't expect. Bitcoin has a very expensive value, so never tell or disclose to others that you have or more hodlings as your investment.

However, despite of the reminders often that its not safe to expose yourself that you are a bitcoin hodler, but still a lot of investors think differently.  I don't know what's their reason of disclosing but surely, it will create a sort of envy to those who don't want to celebrate with your achievements in life.

It is said " The kingdom has no credibility. So I am cautiously poor."  Same is the matter about  sharing your bitcoin holdings with everyone. It is possible that your some friends are not happy to see you wealthy and they feel jealous about hapiness and development. Dear! This world does not forgive you in any situation. It is not happy to see you in any situation. These worldly people are looking for opportunity. To take everything away from you. Although there are good person also those are your well wisher. But after all of this, it is better not to show your wealth ,your position or bitcoin holding to others.
 

Do you really tell anyone about your money, how much money you have and how much you earn? So this is not about boasting, but about your safety, because if no one knows that you have a lot of money, no one will want to steal it from you. And it’s not even a matter of quantity, but the ability not to tell everyone about it. Stories about how dead crypto bloggers are found or how they are robbed are not isolated, so remember that money loves silence.

Of course, it is not necessary to tell people about our Bitcoin asset. We invest for our future, it is not for other people future. So, just keep it secretly for the security reasons. I'm sure people won't ask how much our Bitcoin if we don't tell them about our Bitcoin asset. So, the key is how we control ourselves to make it secretly. We don't need to choose certain friends who rarely ask about our life. I believe they won't ask about our asset if we don't tell them anything related to the investment.

Everyone has the potential to do criminal acts when it comes to money. Whether they are close people or new people in our life, both have the same chance to do criminal acts. It is because we don't know their own nature and their current condition. Not only about the bad nature, the economic pressure sometimes can trigger someone to do criminal acts. That's why we always need to keep secretly the information about our Bitcoin asset.

I highly agree, our salary, the amount of Bitcoin we have invested, and also our own money are not intended for anyone to know. This kind of information is confidential, we should take it seriously. I know people who like to brag about their money to other people just to earn attention. This is an incorrect behavior and not everyone should do this for our own security.

About the information on one's Bitcoin, it's better to keep it a secret, who knows the intention of anyone? What we are hearing daily on how people are being hacked and robbed of their Bitcoins should be a lesson for us all and no matter how you are close with someone, it's better that they do not know much about your Bitcoin standing.

This is no joke, especially when we are drunk, that's the best time to extra information from us, and we know Bitcoin, once they get to know we have it, they can make us transfer it to them either willingly or by force. Although I've not heard of any case where they rob the person of their Bitcoin and still kill them, still, this is certainly not impossible. So, if you do not even care about the money they would steal from you, you have to care about your life as some people might go that extra mile to conceal their evil act.

That's their own preferences, we all have our own experiences and home environments even our loved ones, they don't even wanna reveal their Bitcoin holdings no matter how much they have. Imagine that you just tell them that you are involved in a cryptocurrency which they lack knowledge but automatically they would expect you that you are making money, from that they could either ask you for money or even worse try to steal it since there's already a lot of cases that even blood-related could do such illegal things for their own sake convenience. Remember that this world runs on money, a lot of crimes that have existed involve money, cause no matter how much you have even just a small amount of BTC, its still yours, so it is up to you to decide which you can trust and keep it secret.

Bragging is really something we should avoid, but I find people are too stressed about revealing their bitcoin holdings to loved ones. This makes me ask the question, how much bitcoin do they own that makes them wary and always suspicious of their loved ones? 100BTC or 1000BTC? I really want to know how much bitcoin they own for people who are willing to not trust anyone just because of bitcoin. Bitcoin is just money, do we need to take things more seriously?

people are getting crazier nowadays, even the people closest to us can become someone who is unsafe for us just because of the wealth we have. that's why, as many members in this thread have said, it's important to protect the assets we have and not brag too much about what we have now because we don't know who is after our assets and who is jealous of our wealth. and just being quiet with our assets is the best choice and makes life worry-free.

I don't know why you guys keep worrying about friends of people you know asking you how many bitcoins you owner: I think it's easier that the same person that owns several bitcoins will tell his friends just to brag about it. I own a little cryptocurrencies, I know other people who do as well, we never asked each other what we own.

And if you have separate finances, convince your SO to start their own DCA program, as part of a responsible overall investment plan.
Keep stacking friends.

Your post does not oppose my opinion. We are talking about the amount here. We should not tell anyone the amount. No matter who it is. Yes, your wife should know that you have Bitcoin and hold it in a wallet and on which device. If she does not understand how to access it, you can even teach her about it. But telling the amount for now is not necessary.

Womens usually share many things with their friends. You never know if she is going to share it with her friends too. So, not telling the amount is a smart move.

Yes, I understand what you mean, we don't have to talk to other people about how much BTC we have accumulated, because this will be a threat to ourselves and also our personal security, we will not know people who have evil intentions after knowing that We save a lot of BTC, so it would be better for us not to tell anyone about this, except for people we really trust.

Doing so is a foolish act, his purpose is actually just to show off and be arrogant by owning a lot of Bitcoin,
even though we don't know whether the person we show the Bitcoin address has a grudge and evil plan or not.
It's better to shut everything off from the spotlight of others, rather than being the target of crime and hacking.

It's better to stay away and look like you have nothing, than to look arrogant with a lot of Bitcoin ownership.
Sometimes those who have already shown off, too much expand the spotlight through social media, even though it can be seen by everyone,
there will be people who try to steal it and people who will stab in the back, start making evil strategies.

No doubt, it's smart to keep the lid on things when it comes to blabbing how much BTC you've scraped together.  Like you said, better not to gab with peeps who might stab you in the back or have their own shifty agendas, know what I mean?

Plus aside from dodging hacks or heists, flying under the radar also keeps the spotlight off you.  No reason to wave around what you've accumulated and risk sticking out like a sore thumb, attracting shady characters or other headaches.

I just think it's just a careless person doing that because he doesn't think about the privacy of his ownership, if it's to the closest family, especially his wife then it's very reasonable but if he tells friends or anyone other than family then he has shown publicly about the assets he has, this is likely to cause a little problem.

If to friends just teach them how to understand bitcoin so that they understand and don't ask again.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

op If the incident you mentioned is true then it is very sad. It is better not to show people how many bitcoins are in my wallet. Because the thing about bitcoin is to do with privacy, if I show someone how many bitcoins I have in my wallet, I will be fooled. Because of that, he has such a big danger today because of showing bitcoin wallet, so never show wallet to anyone while maintaining bitcoin privacy. But many will be aware through this brother. The biggest stupidity is that the wallet cannot be shown to anyone. If it is shown too much, people are becoming selfish.