Topic: Protect Yourself And You Protect Your Assets - page 10. (Read 2244 times)

That's correct. Telling everyone how much you earn on cryptocurrency is very stupid. I don't tell many relatives about it, let alone strangers. I don't want to put myself and my family at risk.

As long as you have secured your wallet properly and have taken proper steps to ensure that nothing can go wrong, then it doesn't matter if you go around telling friends and random people about your coins. After all, it actually feels good to boast about your portfolio and it might also help get peoples interest into crypto currencies.
You don't need a job for hiding your crypto profits from people. You need a job to have a secure and stable source of income. You sound so paranoid.

I also don't tell anyone about what I do cryptocurrency and how much money I earn. This is the information that should be kept secret. You need to protect yourself and your funds not only online, but also outside.

You can't just live as if you have gone extinct because of you want to keep a top secret, no matter what no man is an island you still will find away of letting people know what you do if not you would still look very suspicious.
Just simply protect you coins

Protecting on self is not just about private keys, keeping your investment secret to your friends is another measure which everyone should imbibe. Most times friends can have access to our computers knowing our portfolio worth can fuel their quest to unravel our keys. Stay woke folks.

Well, this seems right. You don't know who is the good and bad around you even though that person expecting you as a friend. Never open topics about your portfolio should keep safe in a private place. Don't trust anyone except your self. Indeed, there are also some cases that even relatives will traitor to when it comes to stuff that has a value. Money is very hard to get now, those who have bad insight will think about that kind of crime. So, be careful at any time.

I thought a lot about this and you know, if you really earn on cryptocurrency, sooner or later it will be known to a wide circle of people. It all depends on what kind of information they will know.

Because this activity is in any case legal and interesting. Therefore, even telling similar things to your close friends there is a high probability that they will tell someone else to brag, then the person will disseminate this information and it may ultimately reach the “bad guys” or good porn with “bad intentions”. But what can be done in this case?

Firstly, it is far from necessary that people will come to you with requirements to give them your private wallets, because the information that they own must first be checked, because you can turn out to be a banal liar who does not earn anything on cryptocurrency. If they still came to you and require private keys from you under torture, then the best thing you can do is give them your private keys.

However, it should be pre-prepared fake private keys where a small amount will be stored, the size of which you determine yourself. But everything should look as if you are giving away real private keys with all your savings, in this case, the chances that you will be left behind are much higher. Of course, always keep in mind that you should not disseminate accurate information about your assets, this is what will protect you at the right time.

I agree with you on this because by making known to others the worth of your portfolio you can be hacked by some bad friends who might be close to you. I remember some funds of mine got stolen sometime ago and i had this feeling someone close to me had access to my pc and made away with my funds.
In addition, it's also good to get a day job alongside crypto activities as this industry is still young and who knows can crush in sometime to come. The volatile crypto market also makes cashing out of crypto industry also hurts especially when the market dips like what is happening currently.

I agree with the part where you said that one has to have other business or job aside cryptocurrency. This is so true. People should understand that cryptocurrency is an investment not a business except for people who day trade, and I must say, its not very easy nor stable.
About not telling people that you are holding Bitcoin, that kind of true though.
One has to be careful of certain friends but I don't think it will mean much telling an out stander who don't even know you.

I keep the majority of my funds in cold wallets that are located in several locations so I don't lose everything if my house were to burn down or something of the sort, and nobody should know the PIN codes to my hardware wallets (Ledger, Trezor at the moment). I also generally try not to tell people that I own a large amount of my money in cryptocurrencies, not even to my closest friends. Most people only know that I've got money, though they're not sure where it's from; the only people that know that I own a significant amount of crypto is just my immediate family. I'd prefer that it stays like this.

I don't tell my friends about my holding coins, but sometimes I tell them my earnings, they ask to treat them, that's it. I think people don't share their portfolio, but when you do bounties, your all information already showing in public, so, anyone can know your details except if you have a different wallet as a portfolio! I think the hardware wallet can good take care of you, nothing to worry if you own a hardware wallet and follow the instructions carefully. To me, I don't like to mix up my crypto life with my real life.

Our friends on social networks already know almost everything about us. We constantly share information about where we relax and spend free time, publish photos from work and with friends, we even write the birthdays of our children! This is not entirely prudent, as we put ourselves and our family at risk. The same goes for our cryptocurrency earnings. I think we never mustn't forget about caution.

it might be true to say the internet is a place to steal with little risk. maybe the thief switched his profession stealing work on the internet is very easy and minimal risk. 

so hackers are targeting us. portfolio is very important and must be maintained. One way that I do to secure personal data is to never upload on the internet, unless needed. for wallet problems, I used to keep it in a hardware wallet and I think it's safer.

I am not saying I am afraid of it but wanted to let know OP about transactions and each purchases will be recorded by our exchange and will be reported to respective governments.

In crypto, it is the same as money. So basically your portfolio means it is valuable stuff. So my analogy is "Never been trust with someone else even your own shadow". Even that person is too close at you there's a possibility that he will attract your assets. Better to keep silents and keep your coins in a safe place wallet. Just treat your assets protecting just like protecting your self.

Honestly this is so true, I had a friend who kept talking about his huge gains from trading in my group, and will never talk about his loss, just to show off his assets. His wallet was hacked, he said someone in the group shared him a keyboard app which he downloaded, and unfortunately maybe his private keys got compromised via clipboard. Let's learn to keep things that are meant to be personal that way, not telling the whole world how much crypto assets you posses to avoid issues.

Before focusing on cryptocurrency, I was an employee who worked every 8 hours a day, for five days a week. Initially, being a trader and bounty hunter was my side job until I decided to focus more on cryptocurrency because the percentage of income and energy and the time I used felt more effective.
With the income from cryptocurrency, as much as possible I can make my family happy by meeting their needs, I also try hard to raise capital to open an independent business. The plan is in the culinary field. Although it is very promising, cryptocurrency is full of unpredictability, so I need passive income in the real world if the cryptocurrency market is less profitable.
The point here is we have to prepare various plans to deal with the worst situations

of course I personally will always protect myself and not rely on random people investing. and do not forget to always renew every asset that has no further price development to be exchanged and replaced with better coins for investment.

It's better to keep yourself and your crypto thing private. Otherwise, you will be noticeable and be in danger. Aside from being responsible in your portfolio and in your private keys and passwords, it will be more safe for you and your family to live privately away from the limelight of social media. In this way, you will be more confident and secured in earning more of your crypto thing.

Yes depends on how much they wanted to trade everyday but if they are depositing money from banks then they can be tracked and governments can get the details from ay exchange if there is a need.So buying personally from someone is highly secured but cannot be trusted because source of money can become a question if the limit of purchase is high and alarming.