Going public saying you own Bitcoin is not safe anymore - page 7.

Azar138

sr. member

Activity: 868

Merit: 253

Quote from: Blawpaw on October 23, 2021, 08:36:27 AM

Nowadays we need to be careful when publicly admitting to owning Bitcoin. A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champins.

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

That's why I don't like anyone to know I'm in the Crypto business.

You are absolutely right. It is dangerous to narrate to people that you are involved in crypto industry as you can get many enviers. It is better not to show off at all so as not to receive threats like you said. As for me, it is really seductive to tell people that I work in such an interesting sphere, but I know that it is better to keep silence, otherwise you can face problems such as police and so on.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: Blawpaw on October 23, 2021, 08:36:27 AM

Nowadays we need to be careful when publicly admitting to owning Bitcoin. A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champins.

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

That's why I don't like anyone to know I'm in the Crypto business.

Ohh this is devastating news. The irony is, you want everyone to know about the basics and fundamentals of cryptocurrencies but it also has the chance of backfiring as people would assume that you have many BTCs or cryptocurrencies in your possession.

To be honest, the problem with this stems from the presumption that links being rich from owning cryptocurrencies. I do hope that people would deviate against this idea. Like before, when I mentioned to my friends that I do BTC, they quickly assumed that I had many BTCs in my possession, which in reality, is not.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

I agree that this case should be taken into account. As much as possible not to expose ownership. However, social media is indeed to be used as a place of exhibition, it is difficult for individuals to avoid it. We often see many posts showing the results of crypto trading.

Regardless of the case faced by a Daniel, it will be a lesson, that evil acts always monitor us from all directions that we are not aware of.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

What else do they expect? They are going running around telling people how rich they are. They probably are seeking attention and they are getting those attention but from the wrong people. They just make themselves an easy target for criminals. Hope that kid has been returned home safe. He learned a good lesson.

Quote from: Blawpaw on October 23, 2021, 08:36:27 AM

-snip-
A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champins.
-snip-

I don't think he is the only one who receives constant threats. Almost all public figures involved in crypto or not receives those kind of threat from day to day basis. It's nothing new for them. They just ignore it.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Lucius on October 23, 2021, 10:12:07 AM

Quote from: Findingnemo on October 23, 2021, 09:50:48 AM

If you ask me owning bitcoin is safer than fiat, no matter how much someone tries to steal money they can't unless you give access to wallet.

If someone really wants to steal your BTC, they can do that in two ways. The first is to ask you nicely to tell them where you hide your wallet/seed, and if you refuse there are some methods by which you will tell all the secrets of your life. If you’re still some John Rambo or Jason Bourne resistant to torture, all these bad guys need to find is a weak point, and I’d love to see who says NO when they put the gun on the head of your child, father, mother, sister or spouse.

You keep your fiat in the bank, your crypto is mostly on your computer, smartphone or hardware device, and all this is at the fingertips of anyone who enters your home.

But looking at the possibilities if you are super rich you will have body guard around you all the time and you won't be available in public very easy or if you are a common man who earn decent amount you can feel safer because its very easy to steal our wallets and credit cards than finding the device where we stored our private keys.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

It hasn't been safe since forever, as while Bitcoin hasn't been mas adopted, it's pretty much a household name for a while now.

Not to mention that it isn't safe to flaunt your wealth in the first place, bitcoin or not bitcoin. Always watch out for $5 wrench attacks.

https://cryptosec.info/wrench-attack/
https://blog.keys.casa/how-to-protect-your-bitcoin-from-5-wrench-attacks/

UserU

hero member

Activity: 2128

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: Zilon on October 23, 2021, 09:41:15 AM

I had to change my location because I was no longer comfortable with how people around my neighborhood saw me. Many who know I trade Bitcoin started putting up some funny attitude each time I tried going closer to them. I had to change my location currently where I reside no one know I trade and this has made my relationship with people around me mutual

It's pretty much the same outcome as winning the lottery, except with way better chances.

electronicash

legendary

Activity: 3178

Merit: 1054

the mother is good at haggling the kidnappers that it was reduced down to £900 when Khubaib was actually asking £10000. so why is he not asking for BTC as ransom, i would assume the parents also have some BTC.

but true it's not good to show off your BTC on social media, criminals are just lurking which is an easy target and a kid in school is perfect for petty criminals.

samuraijin

sr. member

Activity: 1834

Merit: 261

20BET - Premium Casino & Sportsbook

that's what i do here too, i work in a restaurant and i don't want people to know i have crypto in my wallet, at least they know i get money from working day and night in a restaurant, worried it will be bad impact when people find out i have crypto and a lot of money

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: Zilon on October 23, 2021, 09:41:15 AM

I had to change my location because I was no longer comfortable with how people around my neighborhood saw me. Many who know I trade Bitcoin started putting up some funny attitude each time I tried going closer to them. I had to change my location currently where I reside no one know I trade and this has made my relationship with people around me mutual

Wow, I've never seen anything like this before, but I believe that in terms of money, people could think devilishly. Whether you're making money from bitcoin or something else, if others hear about it, I believe you've received threats or they could be friends looking to take advantage of you. It's becoming increasingly difficult to flaunt your assets these days, because kidnappers and people who want to do bad things are also on social media, watching your every move. Nowadays, it is preferable to hide rather than to flaunt one's wealth.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

And since when was it safe going public saying you own money? It never was.

You should never announce you own money at all, not just many. A person who doesn't have a penny will rob anyone who owns it. When you state this in public, you increase your chances of drawing their attention.

When you say you own bitcoin, one may believe you own more than just 1 BTC. Otherwise, kidnapping a 14-year-old wouldn't make much sense.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Findingnemo on October 23, 2021, 09:50:48 AM

If you ask me owning bitcoin is safer than fiat, no matter how much someone tries to steal money they can't unless you give access to wallet.

If someone really wants to steal your BTC, they can do that in two ways. The first is to ask you nicely to tell them where you hide your wallet/seed, and if you refuse there are some methods by which you will tell all the secrets of your life. If you’re still some John Rambo or Jason Bourne resistant to torture, all these bad guys need to find is a weak point, and I’d love to see who says NO when they put the gun on the head of your child, father, mother, sister or spouse.

You keep your fiat in the bank, your crypto is mostly on your computer, smartphone or hardware device, and all this is at the fingertips of anyone who enters your home.

dupee419

sr. member

Activity: 1344

Merit: 261

Since when was it even safe to admit or brag to anyone that you own Bitcoin?

It's just simply flexing that you have a big fat wallet, in the eyes of a thief. In the case of the 14-year old kid, it's the kid's fault but still, his/her parents could have at least know about this since trading at a young age needs adult supervision, can't put the blame on the kid but to the parents themselves.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Blawpaw on October 23, 2021, 08:36:27 AM

Nowadays we need to be careful when publicly admitting to owning Bitcoin. A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champins.

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

That's why I don't like anyone to know I'm in the Crypto business.

Then how all the billionaires are living in this world? These are not excuses to make money, threat comes when you become richer but it can be tackled when you nade enough money to hire best security for you so you can feel safe at any moment.

If you ask me owning bitcoin is safer than fiat, no matter how much someone tries to steal money they can't unless you give access to wallet.

dkbit98

legendary

Activity: 2212

Merit: 7064

It was never safe going public and bragging that you own Bitcoin, that is why all public figures like Jameson Lopp or Andreas Antonopoulos keep their Bitcoin in complex multisig setups that can't be accessed so simple even if they want to do it.
What happened to this 14 year old boy is a shame, but in reality similar things are happening for years, you can check all known physical bitcoin attacks recorded since 2014, and I am sure there are much more unknown attacks.
Note that this list is only publicly reported attacks on Bitcoin owners, so better think again before speaking out in public:
https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

adamantasaurus

sr. member

Activity: 728

Merit: 255

Yea I see all these clowns on fb crypto groups announcing exactly how much they own and asking advice on if their portfolio is good I'm like wtf? But I don't announced it on social media or anything but people I know irl like my family or friends I dont have an issue with telling them.

acroman08

legendary

Activity: 2436

Merit: 1104

it doesn't really matter if you are making money on cryptocurrency or not. as long as you brag on how much money you make you will be a target. in this case it was a kid who is bragging about the money he made.

regarding the kidnapping. those kidnappers are a dumbass. they asked for £10k but ended up agreeing to £900 and then ended up getting arrested for it. its clear that these guys are amateurs. that boy is lucky that the kidnappers are amateurs. I just hope the kid learned his lesson not to brag how much money he makes. may it be in cryptocurrency or not.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

I had to change my location because I was no longer comfortable with how people around my neighborhood saw me. Many who know I trade Bitcoin started putting up some funny attitude each time I tried going closer to them. I had to change my location currently where I reside no one know I trade and this has made my relationship with people around me mutual

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Maybe it was safe to say 5-6 years ago that you have 1 BTC, but if you say that today you literally put a target on your forehead and it's only a matter of time before something bad happens. My advice is that if you also told someone that you have Bitcoin, when they ask you again, say that you sold back in 2017, then many have sold anyway. If you want to sleep more peacefully, take good care of your backups, set up an alarm and security cameras, and if you can legally obtain a firearm, do not hesitate to do so. Criminals always choose targets that are poorly protected, and will often avoid those that have a high level of protection.

Quote from: Blawpaw on October 23, 2021, 08:36:27 AM

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

From the article :

Quote

The driver of the vehicle, identified as Muhammed Khubaib in the legal proceedings, punched the boy with a gloved hand containing sand. The boy’s mother was able to reach an agreement with the kidnappers for £900 in exchange for her son’s safe return. Khubaib was sentenced to four years in prison.

4 years for physical assault and kidnapping of minors - these people are obviously eating some weird mushrooms and using drugs - they should have given him more recognition because he didn't kill the child and because the ransom was only £900 - maybe work for the common good in the royal palace Shocked

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Blawpaw on October 23, 2021, 08:36:27 AM

Nowadays we need to be careful when publicly admitting to owning Bitcoin. A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champins.

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

That's why I don't like anyone to know I'm in the Crypto business.

IF you are a publicly flaunt your holdings everyday and always flex that everywhere then expect that you will be the target of those bad guys, but if you are silent doing your business and other thing over the net then you are safe from those kind of people. So better take our silence so that no disturbance will come to us and we will be safe from any people who do crime just to earn money.

It's ok that they know you are in crypto but let them guess on what you are doing and earnings from this things.

Topic: Going public saying you own Bitcoin is not safe anymore - page 7. (Read 930 times)