Topic: Silly and scary questions, and what would you do if that were you. (Read 965 times)

You need to have several wallets, one is the main one, the other is for robbers, which has bitcoins, but there are not as many of them as on the main wallet. Then I think you can outsmart them.

It is such a weird feeling to me that people would go around telling people that they have money. I mean don't get me wrong I am not rich so I can't understand, if one day I become rich maybe I would understand why rich people say they are rich.

However, if you ask me right now as not a rich person, if I ever got rich then I would not tell anyone ever, it would be impossible for anyone to figure out I am rich, not even my spouse, I would live a great life with them, they would know that we are not poor, and I would just pay for stuff, but not crazy stuff, telling your wife that you can afford that 800 dollar phone, is not the same as telling her you have 2 million dollars, if you tell her you can get the phone then you get the phone, but if you tell her you have money, it's all gone in a year. So, always be careful.

Just thinking:

If someone really pisses you off you could spread rumours that the percon has a big amount on Bitcoins.

If this guy gets kidnapped  there are no Bitcoins he can hand over, because he has no...... could end with a very painful experience....

Curious when stories about this type of situation start to pop up

I have lots of Bitcoin addresses & a number of different types of devices I store my stash on. If I was kidnapped or tortured I’d give up one of the devices and say that’s all I had. If the kidnappers were dumb I might try & send money to the kidnappers Bitcoin address with a fee of 0 sat/byte, wait for them to leave, then when it doesn’t confirm, in a couple weeks it drops from the mempool & then it’s back in my wallet.

It's for your own good if you keep your mouth shut and never talk about having any Bitcoin, and if you have done it already, telling many people in your area, just pray that they don't believe you, because if they do, you might be a target, it's better to abandon that area and find your home somewhere else, where not much people know you.

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But why not just accept that precaution is better than cure? Instead of fearing for your life? It's better not to say anything related to Bitcoin, sooner or later people will catch up, all those that don't know about Bitcoin will eventually know about it, lets be mindful of what we feed the public, not every happy faces we see every morning are good people inside.

Bitcoin was meant to be kept in privacy manner, you cant be a Bitcoin millionaire and still live in a country where there are alot of insecurity, for example, like my country, i would rather leave and travel to another country but you should be fine if you keep your mouth shut.

If op understood the meaning of privacy then he would learn to be very careful while discussing with people about bitcoin or how much we have invested in bitcoin, In general whatever amount we have in our custody be it bank account we aren't meant to disclosed it to people be it family member because it brings unnecessary enviness to us and that is what raise to them planning to get you kidnapped because we were too open to tell them about our money, earnings, and investment worths.

We can be so less in relating with people about our general life aspect, and again we should be that dum in a way we can't use our common initiatives to work on why because anyone who got kidnapped can be free through his money and life is more precious than any other thing except such person doesn't value his life before going further making all sorts of arguments where he might got killed and after which whose then enjoys the money.

I am not sure if this should be a specific question for bitcoins or could be looked at in general for anybody that has money. Let's assume you have a safe at home with a lot of cash, gold or even art in it. All of that would make you very attractive for criminals to try and steal that money of you. Bitcoin is just one type of wealth we have and how far should be go and protect it? For me my health is more important than any money. What good does it do for us being rich, when we are dead or so sick that we can't enjoy our money? Depending on the kidnapping situation I would very likely give them my money. To often I tread stories where people tried to fight off criminals only to get killed in the process. We can always make more money later, but our health we might never get back. Also there is always the chance that the police will catch the kidnappers later and might recover some of our money. So, better not too tell strangers or people we don't trust how much money we have and where it's invested. There is no benefit from sharing all those information publicly and can only lead to problems for us in the long run.

I think the best approach would be not tell anyone on the first place. Where I live, crypto is totally banned. So I don't go around telling people that I own 100 or 1000 Bitcoins. Only my family members knows that I deal with crypto. But their knowledge is also limited on this topic. Attracting unnecessary attention would be the last thing anyone would want. I would just pretend to know nothing.

This is where you will learn how important privacy is, the kind that you don't let even small details know or don't give out a hint that you have a bitcoin holding, especially on social media, because there are many people behind the accounts who are spying in the actions and movements of people on their accounts. Let's go back to your question OP, if I'm in the situation and my life is at stake, I still can't decide whether to fight or just let the kidnappers get my wallet add...I don't know what to do either but maybe the initial action I will take is to give the wallet add though I don't have much bitcoin on that wallet. My life is more important to me because I know that the money will come back to me in a triple amount of what I lose.

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OK, lets assume you make the impression on this forum that you have a lot of Bitcoin and I want to get them....

1) I would respond to your post here a couple of times in a positive manner.

2) I would shift the conversation after some time to a topic that should best not discussed in the open, for some innocent reason and start private conversations

3) If all goes well we would likely have established a little bit of trust.

4) Then I would mention a conference about Bitcoin in some fancy place and hinting that I am involved in organising the event.

5) In case you sound interested in the event I would then mention I could get access to a "press package"  for you ...kind of discount of 90 % for flight and accomodation

6) At this stage I would send you a pic of a lovely lady who will greet you at the airport and ask for your details.

7) After meeting the lady you will be offered some drinks and feel very soon very tired...

Then you wake up, you have a very friendly discussion with me about your bitcoins .....in some secluded area....

Something like that - it is not always about attacking people outside there house ::::





 

The point is that, why would people around me wouldn't know, and people who are not around me would know? Even in theory, if someone kidnaps me because they know I have money, how does people around me doesn't know that? How did the stranger figured out who I was?

I mean in real life I have no worry like that, I do not have enough money to bother anyone to kidnap me, but even if I did, my family would know it before some stranger, how could some stranger would figure out who I was, where I live, my schedule so they could know best time to kidnap me. Also... how do you kidnap a grown man, this isn't the movies, you would put up a fight, you might get hurt, or even killed, but doubt they will be able to get you somewhere isolated from the world. This question makes no sense to me.

At first those who got you kidnapped didn't know you have a sizeable amount of bitcoin and perhaps, you have already given your wife or children your keys. To me what to do is to just call your wife to sell some percentage of bitcoin and got you out from those people since they don't know you own any bitcoin and for no reason you should tell them about your holdings or a totaling of your holdings, so, if you must live you don't have to go tell those kidnappers that you own bitcoin or have some specific amount of bitcoin in your custody.
Btw I don't think you should involved yourself in such discussion with your friends because sometimes they are gradually pulling your legs and could plan against you.

If it comes to the point where armed robbers get to ask you to choose between your bitcoin or your life, choose your life over Bitcoin. Your life is worth more than bitcoin, and if you're alive, you can hustle another money and buy as much Bitcoin as you can. But c'mon mate, how will the armed robbers know you've Bitcoin if you've not been talking too much? So trust no one and keep your bitcoin investment very discreet.

If we are in a dangerous condition like that, of course we have to choose to let go of what we have and choose to be able to continue living the life we have, because lost Bitcoin assets we can still collect again at another opportunity and if we lose our lives in an incident like this, of course it would be a very ridiculous thing if someone did that, because we will be able to get the property they stole back after we survive the threat, but if we don't give them what they ask for, of course they will do something that will endanger their lives. Of course, it is very detrimental to risk the wealth we have with the life we can only get once in our life.

If you are rich you will be known irrespective of how you made money, so it's just every rich man's nightmare to imagine in that situation. With bitcoin we also can keep the funds safe because you can have X number of wallets and every wallet may not linked with others to know your real net worth in bitcoin which will make a third person who you send funds too can find your remaining balance.

Indeed. Life should always be valued higher than money. Even if you lose your Bitcoin during a dangerous situation, you can always earn or acquire it again. Therefore, risking your life for the sake of keeping your Bitcoin is nonsensical. In such a situation, it's better to start a new beginning rather than risking your life for money. It's unreasonable to have to decide between your safety and your wealth.

Yes, it seems we have to realize that currently bitcoin is a very valuable asset which of course we have to be able to look after our assets and indeed having a lot of assets of course the risk is also very high therefore we have to be anonymous so that people don't know that we have a lot BTC even though they are friends We ourselves are Bitcoin investors, even if he knows we have BTC, of ​​course don't tell him that we have a lot of BTC. and I think it would be better to store btc in many wallets so when the bad guys ask for bitcoins, our give them a bitcoin wallet that only contains a few bitcoins and our can still have a lot of bitcoins.

but if something like that happens, I personally think we should hand over our BTC to the person who robbed us because I think life is more valuable than Bitcoin and of course we can get Bitcoin at another time. However, an incident like that is something we don't want, so it would be better if we prioritize caution, maybe putting Bitcoin in more than one wallet would be a good solution.

To be honest, until now I have never told my friends and relatives how much BTC I have and when people ask me how much BTC I have, I just admit that I only have a little Bitcoin. because it could be that other people commit crimes against us because of the actions of our own friends who tell other people that we have a lot of BTC.

Just a news story about this topic:

https://www.bangkokpost.com/thailand/general/2735294

Belarusian couple forced into van in Phuket and forced to transfer B31m in crypto

The couple alleged that a group of men abducted them in front of a restaurant near the Lor Rong intersection in Muang district around 10pm on Monday. The couple were taken in a black Hyundai van and forced to transfer US$901,200, or about 31 million baht, worth of cryptocurrency.

Yes. you should give up your bitcoin and give him them because life is more worth than bitcoin anyway.
You should be careful from starting. don't let anyone even your close family member know much about your bitcoin. and if you have to do that then only let them know about a small amount.
telling them about your whole bitcoin holding doesn't make any sense.

You are mixing imagination with Bitcoin or will I call it hallucinations? Hardly you find such case or situation. But if that comes I guess you don't really have an option here. if you have your phrase you can reveal it. Because nothing can be compared or has equality with your life. Your life matters alot and can't be joked with, if your life is spelt you can download as much wallet as posible. That is why we need to have different types of wallet and diversify our portfolio so that If anything happens to one , it will not be applicable to all.

Revealing wallet address is nothing more than hack or nothing more than other scenerio where you will be caught and forced to bring your money in at the point of gun. So its not a new thing. just that the difference is that it's a crypto robbery and not cash but all its rubbery.