Topic: Robbing bitcoins from a bitcoiner - page 2. (Read 231 times)

There are some incidents of robbery that happen in the bank or to individuals, and after some sort of investigation, it's usually confirmed that there was an insider who released information to the robbers before they could succeed in their robbery attack.

So, the fact that Bitcoin is digital currency is an advantage because no one around you is going to know you are holding any Bitcoin unless you are the one telling them you own Bitcoin. By the way, you can't just marry today and begin to tell your wife you have some Bitcoins, or your children when they are not really up to the age they should know some things.

The truth is that no one can tell the future, but that doesn't mean that when you are very healthy, you should begin to tell your friends or relatives about all your assets or holdings. There are ways of writing a crypto will without even mentioning it to your family until the right time, say when you are 65 years old and above. You can then tell your family a few things about your holdings, and you can also keep some trace so they can easily recover your assets when you are no more.

100% safe? There is no such thing!

After all Bitcoin or in this case the access to the coins, be it a wallet, a seed phrase, or an encrypted file is still a property that they can get to it or force you to give up, It's a thing of determination and what kind of thieves are you dealing with!
Are you getting mugged in the street and the thief runs with your phone? Simple encryption would help, then you rush home and use your back-up to move the coins to a safe new address! You have 1000BTC, a gang has found that out, and they are ready to kidnap and torture you? Then, just like any other of your possessions, there is no way of keeping them safe. They will torture you till you give them the keys or they will lose patience and shoot you!
Basically, it's almost the same as other valuables, it's easier to hide from a casual burglar, and you can hide the keys far easier than a 10 square feet painting or a 1 ton of sculpture but if we talk about ransom, that's it.

Probably the best method is to keep your holdings secret, avoid KYC on shady websites so a database leak won't show the whole world your balance and home address, avoid talking and bragging about Bitcoin on social media, and so on, in short, use common sense!

You might not have come across the stories but yep there have been the cases where individuals were robbed physically for the bitcoin.

There are more than 100 cases of such robbery, harassment or by any force meant at the time. These were literally done at someone's home, at coffee shop, public places or even with gang forces.

You wouldn't belive the ways people have used to rob someone for their bitcoins.

1. By drugging
2. Fake workers
3. Seducing
4. Gang forces
5. Beating
6. Knifepoint
7. Kidnapping and ransom
8. .........
there are literally N-number of ways people have done these acts. The stories are terrifying. Most of them were also shot dead, hammered to death, tied and tortured.

Yes, these things are happening and bitcoin can be stolen in physical ways. So be safe, do not reveal much in the public. It's better that way.

If you are interested in reading more stories then you can refer to the following article which has been published on the GitHub.

Physical Bitcoin Attacks

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Want safety?
I think it's better to keep oneself from talking much about the bitcoin in the nearby vicinity and trading bitcoin too openly. It is entirely fine if you are just doing small trades and not exposing how much you have in bitcoin (for example, millions!)

I think in similar way we protect the fiats, same goes for the Bitcoin as well.

In terms of physical Bitcoins and particularly Bitcoin in the form of collectibles like Casascius
coins as the OP mentioned. It has happened recently with the ColdCard products where the
maker kept alot of the private keys to the funded cards he sold, the thread is here for anyone
looking to find out > https://bitcointalksearch.org/topic/--5434506

Unfortunately this sort of thing throws a question mark over the idea of letting someone else
fund coins with your own Bitcoin.

Like anything keeping your personal items safe and secure is important because there are people
out there who just cannot be trusted. This includes keeping the private key safe and secure.
There have been many threads about this topic...

Stainless steel Bitcoin Recovery Seed Plate

Recommendations to store my seed phrase!!

This is like trying to predict the future, for now writing my passphrase in a paper or book is safe and I don't have to walk around my city and start telling everyone that I have Bitcoin in my wallet, right now mamy people still don't know what Bitcoin does and some don't want to get involved with Bitcoin, before we start seeing many Bitcoin hunters going after people there will be better solutions and one of them is a hardware wallet.

Criminals will always be criminals you know, no matter what gou try, if you keep your mouth shut you won't attract criminals in your local area, the real reason why armed robbers come to most homes is because someone gave the victim up. And sometimes, it's always an inside job, so it's very important to be secretive when you are holding something as valuable as Bitcoin.

Don't declare to the world that you are actually holding bitcoins physical or not. I mean there is a wrong perception out there that you are somewhat rich if you own btc or other cryptocurrencies so being private about it will reduce the risk of robbery or theft.

I'm not a fan of this since there's still that risk that relatives could take advantage but to each his own. There are also some third party projects that are into crypto safekeeping in case something happens to you but I'm not too familiar with them.

First, we are always advised to keep our hoarding out of the ears and eyes of others. When more than one person knows that you are holding Bitcoin or any other coin, it will attract the attention of thief's to attack your home. In this crypto industry, we are always advised to remain anonymous, irrespective of who you are.

I have read a story either on this forum or on the internet where a crypto whale—I don't actually know the exact number he was holding—was attacked by people who discarded themselves in the form of an official, and one of his mistakes was having his entire crypto wallet and its access on his mobile device, which the criminals forced him to open, and the entire funds were stolen. I don't know the entire story, but it's a case of someone who made his holding open, which attracted the attention of many who targeted him.

On the other hand, there are a lot of ways to save our private keys and phrases, even if they are written down on a piece of paper or an entire handbook. There are also possible ways of hiding them, and if it's not someone who you have told or shown that something like that is hidden in a place of such importance, no one will ever think of that.

We are our top security officer for our holding, and we should always be cautious, from being private to physical protection.

You have to trust the company which launch their collectible coins but is trusting any third-party is a good idea to start with?

Bitcoin with its technology, private keys, mnemonic seeds give us a perfect chance to have our own bank and we don't have to trust any third-party to secure our coins. Now, you want to take risk and bet that your trust will not be betrayed by any third-party company or any middle man.

Trust no one in Bitcoin (Coldkey story).

If you trust, you can end like people who trust Yogg and his works.

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Another important point is "Keep your mouth shut off as much as possible". It's to keep your secret that nobody or limited people can know that you are a bitcoin investor".
If you are always talkative and tell everyone around you that you have bitcoins and how you store your bitcoins, like I bring my coins around with my phone, tablets, usb, hardware wallet, you can be robbed on road or similar.

question about physical bitcoins:

do you ever came across a theft case where thief stole the victims all bitcoins. like in physical world many banks robbed by robbers.

If bitcoin can be robbed like banks or any type of robbery, how can we be safe with this like more tips for security excluding writing key phrase on paper, etc.

what type of safety a individual should take to protect bitcoins physically like cascusious coins.

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violence terms:
question about physical and digital bitcoins:

If the thief killed the owner of bitcoin and started finding wallet keys in his home (in most of the cases people store their private keys and phrases in home) and found that keys and stole all coins.

to stay safe what type of security a person should follow, like telling about bitcoins to next owner(wife, son, etc) after the original owner(like we do in preparing will) has been passed away, or keeping phrases in different places and telling to most trusted family members, buying cascusious coins not for storing large amount of coins, etc.

EDIT:
1. never tell anyone that you own bitcoins