Topic: Don’t Always Flaunt Your Wealth And Wallet Online - page 2. (Read 470 times)

There are quite a lot of such people, you just don't pay attention to them) Now a lot of people link their ens.domains to the name on Twitter, obviously unaware that the contents of their wallet thus become viewable. As an example, the vitalik.eth address is linked to the name Vitalik Buterin on Twitter and, accordingly, you can view the contents of his wallet by following the link: https://etherscan.io/address/vitalik.eth

Honestly, for me I believe nothing should make anyone feel better than keeping a low profile. It's the same way we say that a man of authority doesn't need to ask anyone "do you know who I am?" Of course, he knows he's a man of authority and doesn't need anyone to ascertain it. Those who make that statement aren't people of authority in the real sense of it. It's the same thing with real and profitable traders. They don't have anything to prove to anyone and that's why they keep a low profile. Any trader who brags about how much they earn is only advertising to hoodwink unsuspecting public or they're simply signal marketers who need referrals.

There are ways to flaunt your wealth online by creating a dummy account that won't be link to my personal identity. I think that's the problem of that person. As I stated in my previous post in another thread is that when you have crypto in your wallet that many people know then it is possible that they may ambush and threatened you if you don't give what they want. Anyway, that case is when his wife access crypto when she is in a hotel and later on she find out that all her crypto is gone which is the same as this one but the difference is the person or group of people behind it didn't ambush or anything like that but I did say that it may happen to his wife just like the one happened in this story.

This is just my opinion. it’s just not okay to flaunt your wealth online or anywhere else. Personally, I think those who flaunt their wealth are either proud or deeply seeks societal acknowledgment and acceptance in order to be okay.

It’s also not safe and wise to flaunt as you don’t know who’s watching and there’s always someone watching. You could very well attract the unwanted attention that could bring trouble to your doorstep.
Also, people who flaunt material wealth are mostly materialistic

I would never brag about how much I earn regardless of how low or high it is. What is the end goal anyway in showing your money online? Letting people know about your success. I am pretty sure that people don't really care about how you do anyway in crypto and what you are describing in your post is the worst possible thing that could happen. 99% of the time people in social media do not give a crap anyway as they are to busy taking care of themselves than giving a shit on other people's thing.

I really like the last sentence that Mpamaegbu said in the last paragraph.
Sure, bragging would give you humongous confidence, but what had you personally gain from doing anyway? Stay low profile.

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I am sorry to hear that story though by the way, OP.

For a minute, I had to pause to reflect on the ingenuity of those criminals on the story OP narrated. They had to make the braggart transfer to an exchange and sell it for fiat. First off, this is where veterans here have continued to advise that no one should have their 2FA app on the same phone as the phone they use for trading. If the victim had separate phones/devices and kept the one having the 2FA at home, they would've been protected from theft somehow.

Now, the issue of bragging brings me to that popular saying that those who have act like they don't have while those who don't have act like they've. People should learn to act and live in simplicity. Bragging and pomposity won't profit anyone anything.

Not only that but they kidnapped another person and had the funds from the exchange sent to that person's bank account and withdrawn from it.
Why? Why lose more time with this second bank transfer when it's going to be fairly obvious who were the guys that sent the money and who used the second victim's ATM card, even for the donut police to find out?

Ok, I know some robbers are just stupid but here we're supposed to deal with ones that at least know a thing or two about currency exchange and everything else, it's just that, l mean, If I were a robber, I would just point a gun at him, make him unhand his smartphone, unblock it, send the coins to an address, and just to make sure smash the phone and the sim card so he can't do anything in the next 10 minutes.
The most important thing in all of this is that if I ever get caught I would face only a robbery charge, not a kidnapping on top of that.


Ok, OP, help me figure this out.
https://financengr.com/nigerian-banks-atm-transfer-limit-2020-2021-withdrawal-limit-inclusive/

150 000 Niara a day is a 350$ limit, which means in 3 days the robbers would have managed to get 1050$ from that ATM, does this make any sense for a band of kidnappers, maybe three or four to kidnap 2 guys for what, 250$ for each?
They would get the same money by robbing a random guy working at Vodafone on his paycheck day!

And with this we're back at the part about robbers being stupid!

So far I don't know any people that flaunt their holdings online, but some of them do flaunt their exchange trade PNLs. While it's not as bad as flaunting wallets, it still definitely poses some risk. It's just too convenient for them as exchanges even have a share option after closing a trade.

Sometimes they just tend to ignore these things and have mindset that bragging about their wealth online and showing how much funds they have will gain them social influence and domination over the market but to their expectations opposite happens and they attract hackers and government authorities towards them and exposing their whole wallets.

We have seen government authorities can force to unlock your funds if you are coming from those dictator countries where you have no rights.So the wise decision is to keep yourself far away from these things and live a simple life online.

We of this generation believe that living an extravagant luxury lifestyle will make us better than our grandparents, not realizing that we are constantly exposing ourselves to greater risk. People monitor almost all of your success, and the majority of them are not happy about it. The best way to live life nowadays is to be extra careful and showcase less of your full asset, especially if you are involved in cryptocurrency trading; they know they can track you down and get almost all of your wealth on your mobile device, which they know you are always with it.

Doing this attracts hacker and make you become their next target. We'd supposed to keep anonymous if possible and keep our wallets out from the sight of others to avoid interest. I know that they are just proud of their achievements but for now, as hackers are increasing, we have to be cautious enough as this was also for our safety.

As we can see, huge investors and rich people hide on social media because they wanted peace of mind and yes, they wanted space from these hackers.

He had access to his main storage through his mobile wallet too for easy accessibility when the need arises. He shouldn’t have kept one in his phone for security reasons, but he did and this has cost him a lot of loss. He would have learned from it now.

They don’t still have him. He was released after three days, they had kept him for few days to get all the funds withdrawn first to avoid trace of any such and they did not use his own account to withdraw the funds.


It has no official news source, I would have added the source link if there’s any.

If the mobile wallet was not his main storage, did he store his cryptocurrencies on a crypto exchange? Otherwise, I don't see how they managed to rob him for a significant amount? From what you wrote, it seems that the kidnappers still have him, and in the OP you claim that they released him after three days?

Does this story have any official news source considering that it is about the kidnapping of two people and extortion?

Oh my God, if militants attack every trader, where will it end? Did this person have a large enough sum for anyone to worry about it? 
Nevertheless, in 2017, I witnessed how a guy who was engaged in cryptocurrency successfully improved his financial situation. But out of his vanity, he began to behave very pretentiously, buying clothes in very expensive stores and leading a completely immodest lifestyle. What happened next? 
He attracted the attention of the tax authorities. He was not bothered by the militants, but the tax company found big violations, and the guy went to jail. 
Our parents teach us to be humble from childhood; why do some people not learn these lessons?

I am sure the kidnappers were very careful about how to go about the withdrawal of the funds from the bank. They can't withdraw large sums of money from the bank instantly, which is why they did it day after day.


The mobile storage wallet is not his main wallet but he had one for easy accessibility. Moreover, now that they have him, the kidnappers will go to any length to rob him of his wealth.  Not transferring his money to them would had cost his life, and the wealth is not worth sacrificing his life for. But if there’s life there’s hope to get another.

First, you claim that they released him after a few days, and from the continuation of the story, we learn that all they asked for was that he unlock his smartphone and make a cryptocurrency transfer, sell it and transfer it to another bank account. And it took them even 3 days for all that?

Besides, your uncle's friend didn't really understand how to store cryptocurrencies if he used mobile storage as his main wallet. I wonder how he managed to get rich in the first place, because considering what happened to him, he doesn't seem too intelligent.

This is some worst case scenario for being less private on our financial status. But of the people that I saw this kind of show off post on social are those influencers and people involved networking that using there wealth to attract people to invest or support them. I only have few friends that do posting of luxury items on social media and most of them has some investment to offer to whoever will be interested to the items that they post online.

It’s not bad to become proud of your possession but we just need to make sure that the only person that see it are those we trust the most and not on public.

A $2000 BFG can protect you from a bunch of $5 wrenches, but yeah, don't do stupid stuff like bragging about your net worth anywhere.

It not even don't always flaunt your wealth and wallet online. Its don't flaunt your wealth and wallet online. Apart from it makes the wallet owner a target of the online attacker or thief it doesn't make any sense to do that because the person that does it, is not helping herself and the people around her.

This is only acceptable for people that are naive about the consequence involved.

It is not even enough to just say, "don't always flaunt your wealth." It appears as if it is completely all right to flaunt it sometimes or seldom. The truth is that it is never a wise idea to flaunt your wealth anytime. Keep your riches to yourself. For one, others won't be happy for you that you are becoming wealthy. And, of course, others would only think of ways to get that wealth off you. So whether this story is true or not, the lesson is there.