I agree with both of you,
bitcoin is just money, nothing more, nothing less. So, this story will be more perfect if we say that we should not brag or share with anyone about our investment portfolio or assets. Flaunting our wealth to others puts us at risk even if we hold gold or fiat currency, not just bitcoin. So, even if someone does not invest and hold bitcoin, don't be foolish to share with others that we have a lot of money. But it's hard to understand why some people like to brag, what will they get in return other than danger to themselves?
Wow!!! when you frame the matter like that, it seems that you don't know what is bitcoin... and/or what distinguishes bitcoin from other assets and/or monies.
First it is really difficult to reverse if you get bitcoin taken from you. Another thing is that it can be moved around quite a bit, and yeah maybe if you get $1million or more taken from you, someone might get interested to try to help you or to block some of the liquidity of the money at the exchanges, if the money goes to an exchange rather than some places in which it might just get mixed with other coins.
There can be a certain amount of anonymity with bitcoin too.. in terms of if some kind of vulnerability is found with you and your ways of securing your coins, the way that you might be robbed might be quite subtle and you might not even know who did it. .whether something was slipped into yuour drink or some of your information was gone through by a friend, acquaintance, relative, guest of the house, and they might not even need to rob you right at that moment, but they might be able to get enough information to get into your systems.. or maybe if a more direct robbery comes at a later point, you might not realize how much information had already been gathered on you to come to realize that some of your security systems were not as secure as you had previously thought them to be.
Some important things about oneself must be kept secret from everyone. I feel that sharing about my investment with others will not benefit me so why should I discuss my investment with others where I am not benefiting. Our main objective of investing is to earn profit from that investment and not to invest to inform others. What's the guarantee that someone you trust today about your investment won't try to harm you some time later? Bitcoin is a very valuable digital currency and when you invest in Bitcoin you have a chance of getting a lot of good things in the future, it is better not to tell others that good things should be kept to yourself. If I make money by investing from my place no one will know that I have made money and if my money is lost then no one will know that I have lost money i don't like these things at all its my personal thing only i will know other no one
The responses of this whole thread seems to have a bit of a dilemma in terms of bitcoin still being adopted and more and more people knowing about bitcoin, but how do they find out? merely anonymously?
There is a modified statement from fight club: "always talk about bitcoin. Never talk about your own bitcoin." So that is part of the dilemma.
In this forum and also sometimes in real life, I learn more about myself and my own strategies and my own priorities by talking about what I am doing, and I hardly ever refer to specifics about my BTC holdings, but surely sometimes people are going to infer that I have more than 0.63 BTC, and sure I have admitted it, but sometimes also accidents happen, too.
Surely I am not clear where the line needs to be drawn, even though I have been in bitcoin for 10 years, so I have made various choices about where to draw the line in terms of my online discussions and also in terms of my personal life..
I cannot completely disagree with the members here proclaiming to never say anything, but then there are variants, yet people will choose to live completely closed lives in a variety of ways and others will live relatively open lives in a lot of ways.. so surely each of us should be attempting to figure out our level of balance, but then some people who had been overly public about certain aspects of their lives will sometimes become regretful.
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Sharing our bitcoin investment with strangers doesn't really do us or our investment any favors.
You raise quite a few interesting points in your post, and I agree with some of them and don't agree with others.. and gosh sometimes it can be better, easier and even less risky to share personal information with strangers, especially if they might not know other things about you, then it is like being on the forum.. it could be quasi-anonymous.. but surely sometimes it could come back to bite you too.. when you overly-share with the wrong people and sometimes people seem nice and good when you meet them, and then you might not realize some of their tricky and/or evil ways or even how far they might go to undermine you, until after getting to know them better, but then there could be questions about how much do they know about you and how much do you know about them and have they been tested under certain kinds of circumstances.
Sometimes even a relative could fall out of trust when we might have had thought that we knew the relative, but some certain situations arise and then we might come to realize that the relative might have different values than we had expected or even circumstances could change in the life of the relative to cause them to become much more erratic than they had been earlier in their lives.. maybe everything is going fine and then pretty soon they lose their job and maybe they lose their spouse or one or the other might have been discovered to be cheating and then when we see how they react in those circumstances, we might come to realize that they might not be as trustworthy as we had previously considered them to be. .and we also might start to be concerned about what measures they might take if they fall into seemingly desperate times...and maybe they even blame us or someone close to us or they might not even be in a rational situation as they had been thought to have had been previously.
But if even those close to you hide it from them, is it right for you to do it? Have you ever thought that if you don't share your investment with anyone, even your closest relatives like your wife, and you suddenly pass away, those bitcoins will also disappear in waste?
I get your point about some kind of need to share with close relatives, but it is not a total loss to die with your bitcoin, and it is quite likely that bitcoin is getting more and more scarce because there are going to likely be more lost keys than we anticipated, and there might even be a decent number of current bitcoiners in the process of losing their keys. .because they might not know that they are not able to access or move their bitcoin.. even though they think that they can, but if they go to do it, they might not be able to accomplish it. So losing your private keys is increasing the value of the remaining BTC HODLers... and they might not be a bad group to give to because sometimes family members might not deserve it, but there might be other cases where the BTC HODLer is too selfish and/or failing to recognize and/or appreciate the deservedness of some of his/her relatives... even though sometimes receiving something for free might not create very good incentives for the recipient... which is part of the reason why anyone who earns something (by employing proof of work) will tend to appreciate the value of the thing more than the person who received the thing for free..
Are you living and investing for yourself or for loved ones like your parents, wife and children? If you only care about yourself, you're too selfish because without your parents, you wouldn't be where you are today.
Sometimes it is true that people deserve more in terms of sharing in the wealth, but it is not necessarily true in all cases.
Bitcoin is just money, it cannot be more precious than the love of parents or spouses.
Sure there can be something greedy and materialistic about money and bitcoin, but I doubt that bitcoin is just money.. if you try to understand what is money then bitcoin may well have some money properties that are quite profound. and sure. yeah relationships have value too.. but sometimes relationships are not necessarily good and the lack of goodness may or may not relate with money. You should not presume too much about how everyone has a good relationship with people yet money is bad or evil or whatever you seem to be suggesting with you attempt to proclaim that your priorities should be the same as the priorities that others might create in regards to those topics and/or other topics of relations to people versus things versus options.
If you lose bitcoin, it is not difficult to get it back, but love cannot be regained.
If you are thinking like that, you better be careful with your bitcoin because you might not realize how difficult it might be to get your bitcoin back if you lose them. A lot of people are coming to appreciate that, and you should be able to either look at a price chart or just to go through some of the math to come to appreciate how difficult that it might be for people to get bitcoin back that they likely had purchased at much lower prices.
Your forum registration date is pretty similar to my own, and just think about how many BTC you would d have been able to stack 10 years ago, versus various points in between then and now, and gosh even someone who might have started stacking bitcoin 6 years ago, they might not be ever able to get back anywhere close to the quantity of BTC that they had stacked over the past 6 years, depending on how they might have gone about their stacking of sats over the past 6 years and especially if they might have had been aggressive in their stacking when BTC prices were below $10k, they may well have an average BTC cost that is well below $10k..and then just stacking for so many years.. and it is even more difficult if someone had been stacking heavily in 2014, 2015 and 2016 to even come close to being able to stack as many sats now for even a multitude of what it might have cost them in that period in which they might have an average cost per BTC of less than $1k.
