Topic: Out of prides, investors endangers themselves. (Read 360 times)

Of course, I also disagree with the other guy's actions because it could endanger him and his relatives. But we should not be quick to criticize him and think that he just wants to show off or be arrogant . I think because all three of them are close friends and the purpose of him revealing his investment was to convince the other friend to invest in bitcoin , and he didn't have the purpose to brag.

OP was just giving his guess, OP never asked him directly why he did that, so we really don't know what his intentions were. In this case, OP should talk to his friend who invested in bitcoin and should explain to him the risks of disclosing his bitcoin to others. If he is a braggart, he deserves to be criticized and condemned, but if he just wants to convince the other friend,  OP should explain to avoid making the same mistake again.

Actually you can get benefit if you convince them to invest and at the same time ask them to sign up under your referral link, so you will earn the commission. Or, you can create a private mentoring, convince them the basic thing and offer them to join your class if he want to learn deeper.

That's why, you should have a goal or purpose before you doing something.

However, if the price decreases, after you work hard to convince someone to invest and, at the same time, use your referral link, you will be attacked by accusations that everything is not going as your referral would like. Why do you need to have this headache?

On the other hand, going back to the OP's story, many people are boastful. But boasting is a character trait of those people who like to assert themselves at the expense of others, those who try to prove their superiority literally in small things. Self-sufficient people know the value of their words and do not need proof that they are right. And when it comes to owning Bitcoin and generally speaking about their successful lives, they prefer to behave modestly while maintaining confidentiality.

Showing the growth or how successful is your investment is really dumb.

It's an exception if you're an influencer where you need to gather as much as possible in order to make your accounts grow and you will make more money. But, if you're just an Average Joe and didn't get anything after showing your money, it's very unnecessary. Although, there are some narcistic people that will feel happy after many people praise them.

Actually you can get benefit if you convince them to invest and at the same time ask them to sign up under your referral link, so you will earn the commission. Or, you can create a private mentoring, convince them the basic thing and offer them to join your class if he want to learn deeper.

That's why, you should have a goal or purpose before you doing something.

Introducing bitcoin to someone is not necessarily bad, but convincing them to invest is a bad idea because we do not gain any benefit from it and can even endanger ourselves as in this case .

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.

Well, we are all making assumptions still, and the appropriate person to rightly declare his position to end our assumptions of if it was done out of pride or not is the guy in question, which unfortunately we can't reach the mysterious guy. Though Op on his own part alleged to have given him a comprehensive guide.

Nevertheless, we shouldn't risk our privacy in the process of trying to prove a point mostly when it concerns money. There should be a limit to what we can expose to friends and family as we can't really read their inner thought towards our success. At this era with how widespread the word bitcoin has penetrated into diverse corners of the society there is no need working up ourselves to convince anyone about investing.

I wouldn't blame the OP in this case because he didn't mention privacy to his friend. Even if it is not bitcoin but another asset/investment, it is his decision whether to share it with others or not because if he had a boastful personality, he would do it with other assets as well, not just with bitcoin.

But you're right, we don't know what his real intentions are, is he bragging or just wants to convince the other friend. But regardless of his intentions, revealing his assets to others is a huge risk even if it is not bitcoin. Not only should we keep our bitcoin investments a secret, but we should also refrain from flaunting our wealth under any circumstances and to everyone.

Your bitcoin is your private asset, you don't need to show people your assets just to show off or make them see you differently, that's too dangerous because your endangering your life. It can as well be that he is showing his friends the profit he has made so far from his bitcoin investment out of excitement, without any intent to intimidate them, but human beings in their typical nature will always read meaning out of everything. This just goes out to tell us that, whatever we are doing that involves profit making, we should just mind who we share our certain personal information with.

Your friend is exposing himself to great danger as a result of his pride and arrogance, and perhaps he will regret it later, so you must quickly warn him to shut his mouth and also try to hide his assets in the greatest possible way. It is also better for him to change his wallet or buy a hard wallet and hide it in a safe place.

We all sometimes commit such mistakes unintentionally or because of bragging. We want to prove to our friends that we have succeeded and that we are superior to them, but we do not pay attention to the danger inherent in these actions, which may lead to real problems due to envy or greed on the part of some friends. Therefore, it is always best to maintain as much confidentiality and privacy as possible regarding our crypto assets.

The guy was still in doubt saying it is all fallacies that the guy is just trying to convince him.
So in other for this newly invested friend to prove the legitimate and lucrativeness of Bitcoin, he opened his Crypto wallet for the doubted guy in explaining how he bought Bitcoin when it was $65 and now it is $71K yet further increase is being expected.

Yes, you should try to keep the security at all time high, and should keep your name out of public knowledge. I have never told anyone how much bitcoin I have, to be fair even if the whole world knew how much I have, it would be stupid to try to rob me because I have so few lol, but in the end I still do keep it hidden, just in case.

People have done much worse for just a few hundred dollars in some parts of the world, so it is not really something that I would consider as an issue, we should try to continue and avoid getting in danger. These days people try to be "brave", but they do not realize the difference between brave and stupid, publicly showing how much you have isn't brave, that is just plain old stupid.

Because he was new so he didn't really understand that there had to be a secret about the assets he had in cryptocurrency otherwise something like this would happen This Crypto Investor Lost Nearly $4M in Ethereum (ETH) to Armed Robbers
And it should be your duty to tell him everything if you want to become an investor in cryptocurrency, not only about the profits you will get but also how to secure your assets properly so that they are not lost because you store them incorrectly.
Lack of knowledge can put investors in danger, not only can they become the target of crime but they can also lose their assets because they are hacked, so investors must understand everything well if they want to enjoy the benefits of being an investor later.

Have you experienced where someone went an extra mile just to prove himself right because he doubted?

While we all thrives on our Bitcoin investments regarding its  lucrativeness, we actually wish that our loved ones can find the opportunity feasible and also invest on it just as we do.
For some cautious reasons, we do not want to discuss about it with them but we still wish they cou embrace the system in one way or another.

Out of two friends I introduced into the Bitcoin during the halving, one successfully Invested and the other one did not. In a few week ago we experienced over $71K in Bitcoin market price, the newly Investor friend of mine approached the other one who did not invest expressing how lucrative Bitcoin investment is.
The guy was still in doubt saying it is all fallacies that the guy is just trying to convince him.
So in other for this newly invested friend to prove the legitimate and lucrativeness of Bitcoin, he opened his Crypto wallet for the doubted guy in explaining how he bought Bitcoin when it was $65 and now it is $71K yet further increase is being expected.

So the doubted guy wowed over it that his friend has such amount of money?

Just by past weekend this doubted guy came asking if am I aware that the other of his friend has a lot of money in his Bitcoin wallet? And I ask how he knew about it then he explained in details.
I was surprised and felt disappointed of my newly Investors friend because I could wonder further people that doubted guy would tell about the guys funds in his wallet he can linger to danger that even if this doubted guy does not have evil thoughts on him, others being aware of it could be.

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.