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Topic: How important is it to keep your bitcoin investments secret from others ? - page 8. (Read 1399 times)

full member
Activity: 2184
Merit: 184
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Keeping your crypto investment identity secret is very important, so that what happened to some investors that exposed their secret will not happen to you because bad people always get angry with those that are doing well in their crypto investment. I believe, many crypto users has learned their lesson from other people mistakes that made them to vow never to allow anybody to know the password to their wallets or Bitcointalk account because it will endangered their account or money when they expose such identity to their brothers or sisters. Bitcoin is very popular in my environment but I don't let people know that I have idea on Bitcoin investment because all eyes will be on me in the environment.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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.
In this day and age in which everyone is too keen to share everything they do and hear, it is critical to not share at all that you invest in the market of cryptocurrencies.

After all even if the adoption of bitcoin and altcoins has grown considerably since the creation of this market, at the same time there is still a lot of ignorant people out there which may believe that just by virtue of investing in this market you are a millionaire, and if the wrong person learns of this you could face an enormous amount of problems.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
Anonymous is a word that fits those of us who invest in bitcoin because the nature of secrecy is important to close loopholes for people to take unexpected actions
Not everyone care about anonymity and secret of their investment in Bitcoin. They talk a lot about what they are doing and they are really ready to get more risk from malicious threats online and curious eyes in physical activities.

It is not good if you walk around, talk about your Bitcoin investment, and say you are fine because you have good practice on Internet, security for your devices. If more people know that you have bitcoin, you will have more risk from their curiosity.

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in my country if you have a large amount of bitcoin there will be tax workers who will come to the house they will give warning when you do not try to pay taxes in accordance with applicable regulations.
You won't have to pay tax if you don't sell your bitcoins with profit. If you buy it in 2013 or 2016 and only hold your coins till today, you don't have to pay tax, because you don't cash your coins out to turn it to profit in cash.
hero member
Activity: 1778
Merit: 746
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.
Anonymous is a word that fits those of us who invest in bitcoin because the nature of secrecy is important to close loopholes for people to take unexpected actions, in my country if you have a large amount of bitcoin there will be tax workers who will come to the house they will give warning when you do not try to pay taxes in accordance with applicable regulations. Even though this is not a robbery scenario but being too exposed will attract a lot of attention, which is why it is important to try to be more anonymous in investing.

Although I doubt that other people can take the bitcoins that we have with the concept of robbery outside of technology, security is one of the considerations that needs to be kept anonymous and is much safer for those of us who are in investment. Don't be too flashy and be careful with all the possibilities that can happen.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform

Not only are cryptocurrencies valuable assets, but we should also stop showing off our assets to strangers. Because society is full of dangers, don't trust someone too easily, keeping secrets is the way to keep us and our loved ones safe.

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.

Never disclose your crypto holdings to anyone, including family members. As Elon Musk recently tweeted, "Trust no one". The Syrian crypto investor was very lucky that Spanish police were able to come to his rescue in good time. Things could have escalated real quick if he had failed to rise the 1m euro.

I don't think we have to be so extreme that even our loved ones can't believe it. When you don't trust anyone, don't expect anyone to believe you and your life will become lonely and boring. Money is not everything in this life, if there is money without family, without love, without comfort, that money also becomes meaningless. When you die, you can't take money with you, so don't live in an extreme that only knows about money.
full member
Activity: 338
Merit: 102
Don't trust anyone that is a very important even you know them or they are close with you. And don't tell anyone that you invested in bitcoin because they know bitcoin is very valuable. So keep it secret if you do investing in bitcoin keep safe your all important things to make sure that you are not telling that you have bitcoin.
newbie
Activity: 2
Merit: 0
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.

Never disclose your crypto holdings to anyone, including family members. As Elon Musk recently tweeted, "Trust no one". The Syrian crypto investor was very lucky that Spanish police were able to come to his rescue in good time. Things could have escalated real quick if he had failed to rise the 1m euro.
hero member
Activity: 2730
Merit: 632
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.

Adding up to this one;
Canada ‘crypto king’ abducted, tortured over $3M ransom: reports
https://nypost.com/2023/03/26/canada-crypto-king-reportedly-abducted-held-for-ransom/

And there are lots of similar scenario in speaking about abduction and being tortured and asking for some huge ransom just because they've been thinking about having tons of money for someone
to be known on having crypto holdings. Just like on what others been saying on which it is really just that it is really that risky on telling your crypto holdings and knowing everyone or in public.
It is really just luring someone to go and break out on your doors of your home and would be getting all of your crypto coins. Better to stay low key and avoid
unnecessary show off or being boastful about your holdings because you dont know that there are already someone whose watching you.
sr. member
Activity: 924
Merit: 365
Not only crypto investments should one aired to friends or strangers openly. Whatever else you are worth, shouldn't be disclosed to anyone but rather be kept as a secret.

With what is happening in the world entirely, you would know that human being's minds are full of evil, nobody knows who's wishing them well or not. Someone you call a friend can plan evil against you without your knowledge and be forming well in front of you. That's why it's good not to trust anyone even your so-called friend.



Just as people's minds can't be read, that's how your crypto investment is to be. If you leave it open, you invite envy, evil, and hatred from friends and strangers toward you. Remember a mind can't be read. That's how you don't who has bad intentions toward you. A friend can hate you all because you are more progress financially than him
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
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.
When you do really value or mind about your security and privacy then it would be always better to keep silent or making yourself that away on others awareness that you've been dealing with Bitcoin
or crypto as a whole. We know that there are people who do have that criminal thinking would be automatically having that impression that once a crypto guy then there's some hidden
riches on their wallets which you would really be potentially be target out or something that would happen. On this current years or era on which we know that scam,abduction and other things
would really be that common.

So if you do really value your security and safety then it would be better if you wont really be boasting up yourself about your holdings or whatsoever because you are really indeed
putting yourself into danger because you dont know on what the things comes up into their minds when it comes to money which it could potentially
give out risk into your life.
hero member
Activity: 2856
Merit: 674
It's the kind of attack and just like being kidnapped, there's the $5 wrench attack. It's important for each of us to know whom we're telling that we've got crypto investments.

You tell it to the wrong person and you might be personally attacked by that person or people that you're generous of telling your experience and assets on it.

Being talkative should be done in a right setting and sometimes all you just need to do is to keep quiet.
There’s no need actually to tell your friends or other people what you have gained in your life. Your achievements may only trigger the jealousy side of other people that will lead them to think of harming you so they can steal what you have. That is why it’s best to be anonymous when you are in the crypto industry. People will come to perceive that once you have crypto, you have millions of money with you.
hero member
Activity: 3052
Merit: 606
That's actually traumatic experience for the victim. That's why in this industry people preferred to remain anonymous as there are prone to threat since money are involved in this scenario. If you've become successful in this industry which is in the crypto, it would be better to remain silent about where'd you get the money to spend. We're aware of the capability of people to do such things just in order to get some funds, that's how crazy people even your family, friends and lovers could betray you for your fortune.
That’s the reason why it’s better to keep your wealth and achievements into yourself because the moment you start publicizing it, a lot of people would be eyeing on you waiting to attack or take advantage on your wealth. I can see that the crypto investor in the news is just very confident and not being cautious in all that he did. I think after his traumatic experience with the kidnappers, he must learn to avoid crowd and partying knowing this incident might have chances to repeat again in the future.
jr. member
Activity: 235
Merit: 5
It was the victim’s own fault for boasting to a casual acquaintance about his crypto activities. And in fact, even if the Syrian was not a luxury car dealer and crypto investor, he shouldn’t have attended parties in a strange place in an unfamiliar city. One can’t be so naive.
hero member
Activity: 2114
Merit: 619
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.
This is quite scary, worst part is if someone doesn't involves police or let's say police isn't efficient enough to act on time it's almost impossible to trace the money as well because of Bitcoin's pseudononymous nature. Also, it poses a risk on your life as well if you eventually give the private key also. Honestly hiding your identity is very important in Crypto world.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
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 at all for me. That is because I do not have much, even if bitcoin reaches to a million dollars per coin, I won't be a rich person, I would be doing better than today, pay all my debts, and maybe like go to a good vacation but then it's all done. That's how much I have, one million dollars per bitcoin only covers my debts and one vacation, think how little it is today. So if everyone on the world knew about how much bitcoin I have, it would not change anything in my life at all.

However, if you are a wealthy person or maybe poor looking guy, and have bitcoin and hide it, then I would understand. People with a lot of money on the side at bitcoin may not want to openly say that and hide it, that only works when you have a lot of money though, poor people like me have no need for that.
sr. member
Activity: 1008
Merit: 262
Vave.com - Crypto Casino
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 is very surprising seeing this kind of question here.
It is not that import for us to hide our Bitcoin investment from other if the trust is there. Many of us has family that could easily snitch on us if they find out that we have some money somewhere online. So it may be a good advise without any consequences for us to try as much nit to disclose our Bitcoin investment with People that can come for our money by any means. So many people are now dead because they disclose there funds, investments with people that later come against them later on.
full member
Activity: 1092
Merit: 105
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You raise a valid point about the importance of maintaining privacy and security when it comes to discussing one's cryptocurrency investments with others. It is always advisable to exercise caution and avoid sharing too much personal information that could potentially put oneself at risk of theft or other malicious activities. It's best to keep such discussions limited to trusted individuals or online communities with a strong focus on privacy and security.
sr. member
Activity: 728
Merit: 388
Vave.com - Crypto Casino
Keep your success to yourself and people will still make you look stupid with your money and success, when people don't know how we make our money they always come up with stories just to satisfy their mind, I am talking from experience.

It's very hard to make money in my country because of bad economy and the little people that make some money and get rich are called names, scammer, hacker, ritualists, voodoo ist and so on.

You owe nobody any explanation, said my parents, poverty is so powerful that it can twist the mind of people, making them believe that riches is for the criminals. Especially when you are into something that people don't understand.

Keep your success to yourself alone, revealing how you make money can turn you into a target for the jealous souls.
copper member
Activity: 271
Merit: 40
Bitcoin or not, isn't there an expected level of secrecy and privacy in all your financial matters? Even if it's your closest family and friends, there are some things that must only be between you and your bank or lawyer. Whatever is the advantage of announcing all to sundry your Bitcoin investments? There may be exceptions but there should always be discretion... and humility.
legendary
Activity: 2716
Merit: 1855
Rollbit.com | #1 Solana Casino
-snip-
People today are too narcissistic that their personal lives are exposed to the public so that they are known to be viral.
Even though exposing too much personal life is not good, especially if you tell that you are a holder of a lot of bitcoin.
it will pose a danger to yourself and your closest family. there will be many who are eyeing the bitcoins owned.
there have been many examples of robberies that have occurred due to bitcoin ownership that is known by many people.

Investment confidentiality is very important, no one should know about it (only a few people like family).
keep silent and invest safely and calmly.
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