How important is it to keep your bitcoin investments secret from others ? - page 7.

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Quote from: Distinctin on May 12, 2023, 11:53:01 PM

Not just with crypto investments, but in all achievements that you have obtained particularly that comes with money, it’s safer to keep it privately so you can live your life without risks and dangers. If you can keep your crypto just to yourself, then it’s always better than trying to be friendly to everybody and easily disclose information that are not supposed to be shared. You are not just putting yourself into the eyes of scammers and hackers, but even the lives of those people close to you may also be in danger since they’re prone as subject for kidnapping as well.

I see this as relative, because there comes a time when you can't hide it and it doesn't make sense. Think of Elon Musk or Jeff Bezos, for example. But without going to those extremes, it is not logical to have a net worth of $10M and live in a slum, hiding your net worth because it would be very dangerous if people in your neighborhood knew that you are rich. You can live in a neighborhood according to your economic level and drive a car according to your economic level, without hiding it.

The OP's case isn't that of someone who does not hide his wealth, it is that of someone who engages in stupid behavior. Letting on that you have a lot of money in a vacation spot, where you have traveled alone and are drunk most of the time is putting a bullseye on yourself saying "mug me" or "kidnap me", which is what has happened.

Distinctin

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

Not just with crypto investments, but in all achievements that you have obtained particularly that comes with money, it’s safer to keep it privately so you can live your life without risks and dangers. If you can keep your crypto just to yourself, then it’s always better than trying to be friendly to everybody and easily disclose information that are not supposed to be shared. You are not just putting yourself into the eyes of scammers and hackers, but even the lives of those people close to you may also be in danger since they’re prone as subject for kidnapping as well.

xSkylarx

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Quote from: arwin100 on May 12, 2023, 09:40:21 AM

Quote from: xSkylarx on May 12, 2023, 05:15:49 AM

Quote from: crypticj on May 12, 2023, 04:54:55 AM

I think it's not even about Bitcoin, but about money in general.
The best advice I heard is to never tell people how much money you have/make, because they either will consider you poorer than them or richer and in both cases, they will think of you in the worse way.

This kind of discrimination because lets say you tell it with your neiobohrs its either that if they knew that you are rich morethan them then they usually dragged you down or borrow money that they will not pay you, others also if they knew you are poorer than them they will not treat you right. Whether whats the purpose it is really best to keep it secret because of the situation right now that everyone is looking to anyone and mostly those bad guys finding a target.

If you will not let them do that for sure they will not attempt again to borrow your money. Show them that you also need that so they realize that they cannot get something from you. Its up for them if they feel bad about what you said to them since this indicate that they are only good when you have money and not if you don't have. Its really important not to let anyone know about your bitcoin investment since not everyone can understand what you do and might they will drag you down because they think negatively on what you do.

But my neighbours are not like that one but my workmates before. when they borrow money and that time I've decline they will say something bad to me or worse is that they will curse you. What I've found funny is that when they going to chat you or text asking for money they are having long words to tell you but if you say you dont have money its either they will seen your reply or they will just reply a thumbs up on you and when you see them they pretend not to see you lol

AnonBitCoiner

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Not in crypto only but in every filed of life we should keep our victory private because nowadays there is no body which feel happy with your success. We can share about bitcoin that its very successful token for enhancement of money and everyone can use bitcoin as a store value but we should not tell them about our investment because of privacy of your money.

There are lots of hackers now A days even a true friend sometimes make you fool by getting information from you and then use that information to get your money. Its not bad to share the method of earning but sharing your personal information and share about your money that you invest is not a good idea because its your personal information so try to avoid those people who wants to get knowledge about your saving amount.

reagansimms

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Quote

He asked his friend if he knew anyone in the area — they put him in touch with a trio from Greece and Albania. After partying together for several days, they apparently decided to turn on him.

From the news excerpt above, I can conclude (the victim) had leaked his true identity to men from Greece and Albania which made them have evil intentions to kidnap him. My investigation after reading all the news that you attached above, concluded (the victim) had made a big mistake that aroused other people's evil intentions. At first it looked normal, they also had a party for several days. I suspect that the victim was in a drunken state when he said everything to the kidnapper, someone can do anything when he is drunk, including leaking a list of his wealth.

The news above can be an experience for anyone to be more careful when you are with someone you just met, avoid anything that can make other people commit crimes against you. Invite a reliable friend when visiting a new place in anticipation of people who have evil intentions towards you.

irhact

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

Privacy is very important if you're active in the cryptocurrency market. Don't tell people about your wealth or your investment unless you'll become a target to both scammers and hackers. Your friends can be either one or help those that are trying to scam you be successful. Cryptocurency money is seen as an easy target to this people so they'll come for you.

Make use of personal wallets and don't believe any investment business you get from your friends. Do your own research before investing, don't just believe anything they say as some will launch fake project just to steal from you or intentional lead you to investing in scams so you lose.

arwin100

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Quote from: xSkylarx on May 12, 2023, 05:15:49 AM

Quote from: crypticj on May 12, 2023, 04:54:55 AM

I think it's not even about Bitcoin, but about money in general.
The best advice I heard is to never tell people how much money you have/make, because they either will consider you poorer than them or richer and in both cases, they will think of you in the worse way.

This kind of discrimination because lets say you tell it with your neiobohrs its either that if they knew that you are rich morethan them then they usually dragged you down or borrow money that they will not pay you, others also if they knew you are poorer than them they will not treat you right. Whether whats the purpose it is really best to keep it secret because of the situation right now that everyone is looking to anyone and mostly those bad guys finding a target.

If you will not let them do that for sure they will not attempt again to borrow your money. Show them that you also need that so they realize that they cannot get something from you. Its up for them if they feel bad about what you said to them since this indicate that they are only good when you have money and not if you don't have. Its really important not to let anyone know about your bitcoin investment since not everyone can understand what you do and might they will drag you down because they think negatively on what you do.

Wildwest

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We can't trust everyone, even though they are people who are very close to us, but we have a limit in telling every secret we have, for example, in the matter of investing in bitcoin, if we really have bitcoins to invest in the future, we can give know our close friends but don't tell us how many assets we have, because when people are poor and need money they will definitely do anything to get money even dare to betray close friends, especially other people we just know of course the secret of investing in bitcoin or there are some assets that we better keep a secret well to avoid things that we don't want.

heslylamba

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I think that it doesn't matter in what field you are successful, but if you attract attention to yourself, sooner or later someone will want to take away your success. It's just how it works. Especially when it comes to money. That is why many people prefer to remain anonymous.

xSkylarx

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Quote from: crypticj on May 12, 2023, 04:54:55 AM

I think it's not even about Bitcoin, but about money in general.
The best advice I heard is to never tell people how much money you have/make, because they either will consider you poorer than them or richer and in both cases, they will think of you in the worse way.

This kind of discrimination because lets say you tell it with your neiobohrs its either that if they knew that you are rich morethan them then they usually dragged you down or borrow money that they will not pay you, others also if they knew you are poorer than them they will not treat you right. Whether whats the purpose it is really best to keep it secret because of the situation right now that everyone is looking to anyone and mostly those bad guys finding a target.

gabbie2010

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

Some crypto investors are the architect of there own misfortune either by directly or indirectly revealing their wealth, one of the key feature of Bitcoin is it anonymity thus I don't know why a crypto investment that is originally being concealed will have to be exposed by the investor or hodler, of course the consequences such action will culminated to being a kidnapped, the bottom line here is that vital personal information related to any individual assets should be in secrecy and such individual should avoid boosting probably to impress friends and colleagues because of those friends might plan and plot kidnapping of their boastful collegue.

yudi09

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

OP. It is important to keep it private for the safety of our data.
In addition to the safety of personal data, this is also important to save the assets that we keep, even for the sake of other safety which is more useful because we never know what motive someone will do to us.

Not only regarding Bitcoin investment activities, including correct personal data on social media platforms also really needs to be kept confidential.
We must not accuse everyone of doing evil work for us, but we need to know that jealousy, envy that exists in a person's soul can move him to do evil work.

If silence can save us, why make a sound.

crypticj

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I think it's not even about Bitcoin, but about money in general.
The best advice I heard is to never tell people how much money you have/make, because they either will consider you poorer than them or richer and in both cases, they will think of you in the worse way.

posi

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Quote from: AicecreaME on May 12, 2023, 12:38:18 AM

Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

It's because of two things for me (1) keep it a secret as much as possible to your family, because there's a high chance they will milk some money from you or even worst. (2) Keep it a secret from your social media friends, because you don't really know them all personally, you don't know who's gonna plan something bad just to get your cryptocurrency investment.

You don't really have to brag what you have just to be famous in whatever situation, or just because your friends are flexing their achievements in social media. Let them do theirs, and just do your thing as always.

Boasting on social networks is becoming a disease of today's youth, let's not get caught up in those vanities and harm ourselves. But if it's wrong for you to hide it from your loved one because you're afraid they'll take your money, why speak ill of your loved one? Have they ever asked you for money or borrowed money from you and never returned it?

For my relatives, I will not hesitate to share because I earn money, I want them to be like me, and I also want them to make money from crypto. I will share my secrets with those closest to me in case something unexpected happens to me.

Synchronice

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

Definitely, when you talk that you have a lot of money but at the same time you move without security in dangerous areas, you should expect crime. Some people really easily call friend to strangers that they met minutes ago.
I read the article and I think first lesson from this accident is to learn whom to call your friend and whom to trust. And when you have a lot of money and talk about your investments and shares you hold, that's okay, if you are an ~~retard~~ influencer, you have to talk that kind of shit to attract people but you have to keep in mind that you need security with you cause you are already under the radar of criminals.

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

Partying together. I guess he accidentally spit out his investments, or his crypto-related business. Another one is that, one of the captors already has a past crime record. He trusted the wrong people I guess.

Now with regards to sharing sensitive information here, I've been in the forum for quite some time already, and I didn't shared any personal information or trades, or anything that might affect my privacy here. I mean why would you share personal information here in a platform where you don't know any user personally. I guess a gullible newbie who can easily get tricked is the one that might do it, but for those who've been in the crypto for a long time, they know that sharing information here is a no-no.

For me, I have told to some of my relatives that I'm holding some cryptocurrencies, but I never told them the total amount that I have. I just feel very uncomfortable to share with them the total portfolio that I got, and I guess just telling which coins are you holding is good already. For those who are holding huge amounts of cryptocurrencies, or even just a small amount, don't ever share it to other people because it might be a reason for them to make something bad to you like what the captors did to the investor in the article the OP shared.

ethereumhunter

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If we are on vacation somewhere else, it's better not to say anything if we have crypto/bitcoin because it can invite bad people to do something bad to us. We also do not know the circumstances around us because we are not in our home environment.

And even though we are in our neighborhood, we should not say that we own bitcoins and keep it for ourselves. Maybe we can tell our family about the bitcoins we have but we don't need to say how many. Better to keep it a secret from others than to have something like that man experience.

DubemIfedigbo001

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Let love lead

It is possible he mentioned his business and crypto dealings to the criminals whom posed as friends earlier.
He was not with his wallet at the kidnap point, lest they'd have disposed him of his coins without trace. His friend may have a slim or full connection to the incident, being the source of the connection. I think he played very smart by not moving around with his wallets cos it would've been worse.Bitcoin investment information must be kept very secret and treated with utmost caution as its not completely acceptable by some governments and criminals are readily in trail of digital money investors

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

~~snip~~

Of course I am as cautious as I need to be with Bitcoin investing. The reason I am so cautious is that Bitcoin is a completely legal offense in the country I live in. Because of which I have kept my own Bitcoin investment and hold without sharing my identity with any friends and no one knows. I think my future may be at risk if someone finds out about this bitcoin investment of mine. We have to flee our country and invest in bitcoins, otherwise if found out under the law then jail is sure. Therefore investing in Bitcoins must be done with certainty and fractions of Bitcoins invested must be kept secret.

AicecreaME

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Quote from: krishnaverma on May 10, 2023, 10:50:24 AM

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

It's because of two things for me (1) keep it a secret as much as possible to your family, because there's a high chance they will milk some money from you or even worst. (2) Keep it a secret from your social media friends, because you don't really know them all personally, you don't know who's gonna plan something bad just to get your cryptocurrency investment.

You don't really have to brag what you have just to be famous in whatever situation, or just because your friends are flexing their achievements in social media. Let them do theirs, and just do your thing as always.

Topic: How important is it to keep your bitcoin investments secret from others ? - page 7. (Read 1308 times)