Topic: Going public saying you own Bitcoin is not safe anymore - page 5. (Read 930 times)

Either fiat or crypto, its not really safe to publicly announce what you have, how much it is or how you able to do it.

Your life might be put at risk because we dont know the mindset of other people, those who are envy or having a hard time in their lives might tend to do bad things towards you.

Thus its better to keep it to yourself or with your family for your security.

safe or not have bitcoin depending on the person who keeps the bitcoin. silence and save is the power to own bitcoin without any disturbance. I suggest to always be vigilant because the crypto market is increasingly being recognized by the public so you must be really vigilant to secure these crypto assets

Not only crypto, I think any personal property as well. We should not brag on social networks, it will make scammers and criminals pay attention to us, even endangering our lives. Sometimes that bragging also interferes with your daily communication, not everyone will be happy when you make money and congratulate you when you are richer than them. So we should keep it to ourselves and not make it public when it's not necessary.

yes things like this from a few years ago also exist. robbery is not for physical money but for crypto. of threats. kidnapping and forced confiscation. which is for sure because it is too vulgar in providing information on the property owned. can become targets for crime. people should be more careful to provide any information on the internet, especially about finances and any assets.

I agree with previous answers that it is not safe to the same extent that it is not safe to say that you have money or other types of financial assets, such as gold, etc. Surely years ago, when Bitcoin was more unknown and worth less, one could say one owned Bitcoin without people noticing as much and therefore if attracting the attention of criminals. But today, at $60k in price, on the way to $100k, it is very dangerous. With the difference also that the thief needs you to get them: if you have gold, the thief will take it if he finds it in your house, but your Bitcoin, the thief will need you to actively transfer it to him, unless he finds your seeds. And if you happen to have it in a multisig wallet and you can't transfer it even if you want to, I don't think he will react kindly.

It's better if we have Bitcoin in small or large amounts, it's better to keep it a secret, not to have been exposed to the public because it is vulnerable to criminal acts that stalk us. Better to stay calm and don't show off.

From the article:


So did the mother haggle with the kidnappers to get the ransom down to less than 1/10th of what they were asking?  Sounds very much like the kidnapping of John Paul Getty III back in 1973, where the tight-fisted grandfather wouldn't pay the ransom even though it would have amounted to a drop in the bucket compared to his net worth.  She must be one hell of a businesswoman.

Anyway, this was a 14-year old kid who obviously didn't know any better than to brag (sort of) on social media that he'd made money with crypto trading.  I tend to think pre-teens, teenagers, and even some older people don't realize how dangerous social media can be if you post the wrong thing, because you never know who's reading what you're writing.  I kind of wonder how much he made, though I'm sure it's probably never going to be revealed.  Seems like everyone is getting rich with various crypto-related endeavors, and apparently that even includes teenagers nowadays (though as I said, I don't know how much he made).

At least the kid is all right after that ordeal, which I'm sure must have been terrifying.  As far as the sentence goes, it didn't happen in the US, which has the highest incarceration rate in the world, so I'm not sure what everyone was expecting.  The kid wasn't seriously harmed and didn't lose any money, so how would you have it?  A life sentence?  Hopefully the jackoff kidnapper will do the entire 4 years.

That is why showing off in public will not be good as we can be their victim of the crime which we do not know who are. Hopefully, they can protect themselves and their wealth from the criminals and hide it in a secret place. But still, once we are showing off our wealth in public, sooner or later, we can become a target, especially if they know our neighbourhood and watch our lives.

Maybe keeping our investment without telling others will be the best thing for us, especially if we live in an environment that we really do not know. Even that, a crime can happen anywhere and anytime.

Really sorry to hear this.
But, this is very risky.
There are many people who have already noticed and known that Bitcoin is something very worthy.
The Kidnapper will think that they can get the private key and get the Bitcoin of the kid in order to get money.

Actually, the criminal that may happen is not only like this. We don't know whether in online words, social media, there are hackers that are watching us. And hackers sometimes are watching whoever who are careless and showing their assets.
That is why it doesn't need to show off our crypto to the public.

its true and that's why some people don't admit and keep secret that they are involved in bitcoin investment because it's to avoid things like this. we must be aware that the crime in bitcoin is not only crypto scammers but also in the real life such as robbery, theft or kidnapping. therefore we also have to be more aware and careful. failure or profit that we get from bitcon let only us know it and also don't involve other people in it. it's all to avoid bad things from happening and so that our assets are also more secure.

They havent realized how cruel this world so yeah those people keep showing off until something bad happened just like the story above , it's not something new that narcism has been quite popular.. its like new addiction especially when it comes to social media shit, they loved doing that show off on purpose to draw attention and get some recognition which its actually not cool but meaningless and moreover attracts distress & criminality.

beware just beware of this little thing .

Unless you're an influential figure with capabilities for bodyguards and such, it would definitely be dumb to publicly say that you are owning bitcoin or at least earning lots of money for that matter. That's pretty much a go signal for criminals and people who would want to take advantage of you to do their own bidding. It's better to be lowkey in things like these because not only will you stop people from doing malicious things to you in hopes of getting on your money, but would also stop unnecessary expenses in the process. Some people just like to brag and be proud of what they have, it's embedded into our systems as humans. Now whether these people do succumb to this pride and be boastful about their earnings is entirely up to them. They just have to bear with the consequences of publicly saying that you basically own one of the biggest store of value assets in the market as of now. Which is hackers, scammers, and people who will be willing to kill you for your bitcoins in severe cases.

I actually do not understand why does anyone needs to yell at public that he owns some bitcoins. It's exactly like you stand and yell I have 1 million dollars in my pocket right now. This can be a good chance for the criminals to even murder the bitcoiners. Bitcoin came to help your economic privacy so none would understand how much you own unless you tell them yourself and of course due to the price of bitcoin many people will try to somehow catch you to catch the bitcoins, I believe by increasing the price of bitcoin we will see more stories like this one.

I wouldn't be so sure if I were you! My father said the exact same thing, but somehow I kept receiving questions about BTCitcoin from his friends

I wouldn't be surprised if most of us would've done the same if we were that young!

Anything that touches the internet, isn't safe ^{[unfortunately]}!

You have a point but initially, the ransom in question was "£10,000" + they needed to make an example of him.

Credit to his mother for having good negotiation skills

What makes you think the next person that they'd share that information with, wouldn't turn out to be the person that would rob you in the future?!

That would've complicated the whole situation on so many levels.

There are still three more on the loose!

Generally, people must be careful on what they post and planning to post online. Considering that audiences in the digital world take the information they see online differently, this could spark the interests of those who wants to get what others have. Not everything should be shared publicly because it can cause harm, especially during these times that many people are desperate to survive and thrive.

There are people who are also aware of the dangers actually but are still willing to share how much they have on their wallets like the crypto influencers, I'm sure some criminals may be watching them already with plans to torture them or their loved ones. That dogecoin millionaire could be a target for these criminals, I wonder how safe his neighborhood is because he appears on interviews and shows off his robinhood and coinbase wallet.

Its not worth the fame when after that you are going to keep watching behind you when you are alone walking on the streets or eating in a restaurant.

For now the crypto world is a hot conversation among the public especially with the current increase in the price of bitcoin then many people are tempted to want to have it including by means of crime as you say the incident that happened to Daniel, if we have a lot of bitcoin assets and altcoins then do not like to promote our assets this will be a big problem and can be a threat to ourselves, Because not everyone likes to see our success in the crypto world because they assume that the results we get are very easy and they don't care about the hard work we do all along, so they want to rob us of what we have from the crypto world.

If you have any investment, you need to be careful about your income, especially not share the income in social media because, in your status, all people in your circle can read that. We do not know who the bad and good people are, and if they have a bad intention, they can start doing something bad to us.

It is better we keep it for ourselves and not easily share about the income from crypto or other sources of income. It is one of the preventive ways that we can do to prevent bad people from doing something to us.

I guess that is the decisive issue here. While Bitcoin is harder to steal, it is also essentially impossible to retrieve afterwards even if you got the thief or robber. For many physical assets there is at least a chance to either find it or call out a reward, but that is not the case for Bitcoin if the robber is slightly familiar with how cryptocurrencies work.

If you don't see that then you are not living in a real-world, the world is corrupt, there are bad people and there are good people, so don't trust anyone or never tell people that you got money as you are just putting yourself into a risk of getting robbed. Once they took your bitcoin, it's hard to get that back even if these people will be arrested, so that fortune (if you have) should be kept in secret.