Importance of not letting others know about your crypto holdings - page 4.

LogitechMouse

legendary

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Chancellor on brink of second bailout for banks

3 words. Trust no one. I still remember the Netflix documentary regarding QuadrigaCX with a title "Trust no One".

This applies especially when it comes to crypto investment. TBH, I'm not telling anything to other people about cryptocurrency. If they will approach me then I will give advice and some tips but not my whole crypto investment. No one knows how much my total crypto portfolio is and maybe I'm lucky but there are no people around me who knows anything about cryptocurrency which is a good thing for me as it decreases my chances of my holdings getting stolen.

Don't trust anybody even your family members because you don't know what they can do to you. Maybe in the future, I will share it to my partner but only my Bitcoins and I will not give him the whole amount Cheesy

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rhomelmabini

hero member

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Quote from: krishnaverma on November 09, 2022, 02:12:45 AM

So the lesson here is to never tell anyone exact amount you hold. You can inform just one member like your parents or wife about this so that they can recover the funds in case anything happens to you but never tell this information to casual friends or distant relatives.

Or, never tell anything at all that may involve money, trust no one. I even rarely tell my wife how much I own but she's not the persistent one so it's fine for both of us in the end. Not everyone was really happy with what they got, others get jealous or they have others intent bad behind you.

Yatsan

legendary

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Leading Crypto Sports Betting & Casino Platform

You may share it to those people who you really want to share it with ,that's just simple but avoid sharing your 100% asset. There's no need to show everything because it will just put you at risk; of being borrowed from or killed. These possibilities are no joke and has tendency of occuring especially if that's the wrong person whom you shared it with. Keep in mind that money talks and money is a powerful piece of paper. Just know the limits or lose everything, you choose.

Quote from: rat03gopoh on November 09, 2022, 02:21:49 AM

The rules of the game are quite clear in this space, "you're the sole determinant of the extent to which your privacy is maintained". However, because some people think that wealth is a pride that must be shown, they don't pay much attention to it, especially since the crime rate isn't too high in their area.

They know their thing. If they really want to brag it they might be expecting something from other people which is for others to envy him/her(just an example, it could also be an inspiration but this is more likely to happen). If there is awareness on the risks, then he must be okay with consequences.

krishnaverma

full member

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Merit: 106

Quote from: eightdots on November 09, 2022, 02:40:36 AM

This topic applies to many things in life. For example, it's even been said that you shouldn't talk about the things you want to do. Those who say this are right. Because Bitcoin may not be the only thing stolen. Methods that will allow you to earn income for buying Bitcoin can also be stolen. That's why we shouldn't talk about everything. There's no point in saying that and taking risks. The outcome of such events can also be undesirable. Therefore, paying attention and thinking for a few minutes before speaking can save us from negative consequences.

There are a lot of factors involved like

1) Cunning friends: If you some friends who are very cunning, their purpose is just to get maximum benefit from you. They will always pretend to be nice and caring for you so you cannot even differentiate them from genuine friends. What is worse today is that most of the friends are like this only. There are very less real friends who are with you in your bad times and will never exploit your weakness.

2) Nature of the person: Nature of the person also has an impact on whether this will happen or not. Extrovert people are at higher risks for these type of problems because they are not able to control their mouth. They express all their feelings and emotions even in front of strangers. This is the basic nature of person and it cannot be changed also. Only thing they can do is to remind themselves continuously not to revel information like that related to crypto or btc holdings.

eightdots

hero member

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This topic applies to many things in life. For example, it's even been said that you shouldn't talk about the things you want to do. Those who say this are right. Because Bitcoin may not be the only thing stolen. Methods that will allow you to earn income for buying Bitcoin can also be stolen. That's why we shouldn't talk about everything. There's no point in saying that and taking risks. The outcome of such events can also be undesirable. Therefore, paying attention and thinking for a few minutes before speaking can save us from negative consequences.

rat03gopoh

hero member

Activity: 2002

Merit: 633

Your keys, your responsibility

The rules of the game are quite clear in this space, "you're the sole determinant of the extent to which your privacy is maintained". However, because some people think that wealth is a pride that must be shown, they don't pay much attention to it, especially since the crime rate isn't too high in their area.

krishnaverma

full member

Activity: 1274

Merit: 106

So let me share a real incident with all of you that happened two months before in India. There was a businessman and he used to own some crypto for trading and also as an investment. His friends came to know about exact amount he had which was quite big amount in my country. It happened because he casually mentioned it to them and showed them his investment and profit.

Now these friends made a plan and kidnapped him and then asked him to trasfer all the crypto to their wallets. It was about 3 BTC in total. But the good thing was that he escaped them and then told police about all this and the funds were recovered. But he could might have lost his life and all the crypto because of this incident.

So the lesson here is to never tell anyone exact amount you hold. You can inform just one member like your parents or wife about this so that they can recover the funds in case anything happens to you but never tell this information to casual friends or distant relatives.

Topic: Importance of not letting others know about your crypto holdings - page 4. (Read 497 times)