STOP telling people how much Bitcoin you have - page 3.

LesterD

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Quote from: hZti on February 17, 2024, 09:18:18 AM

Thank god we all have a free will and can choose to tell or not tell basically anything we like. I feel that it is false to tell people they are not allowed to tell how much coins they have. If you are happy to share what you have then it is your decision. Usually people do post like "I bough my first 50 USD worth of bitcoin" wich is nothing bad and will not hurt you at all.
Stilll it is not wise to make everything you do transparent.

Merely having free will or not is not a sufficient justification for discussing this topic. The level of investment you have made in Bitcoin is equivalent to any other form of investment and thus should be treated as private information. Such details are not meant to be disclosed without careful consideration. Ensuring confidentiality is of utmost importance in such situations.

Bloodseekers

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Quote from: fruktik on February 17, 2024, 02:33:10 AM

Quote from: Nothingtodo on February 15, 2024, 04:19:20 AM

Of course no outsider will know how much bitcoins I have in my wallet except me and my family. Kidnapping is more likely, especially if outsiders know. But one thing is very important if family members know about bitcoins in my wallet then in case of any accident my family members can easily retrieve my left bitcoins and spend them in future for family needs.

How lucky you are in that regard. Personally, I don't have any relatives who know anything about it at all. So there is no way they can get my Bitcoins if something happens to me. I have already thought about solving this problem more than once, but I have not come to any compromise option. It's not that simple. I have a lot to think about. I've been thinking about it for months now. )

Yes, it would be very good if there was someone we could entrust when we save Bitcoins, because if something happens to us then they can use it for their needs and most importantly they don't betray us by telling them the amount of Bitcoins we have been able to collect. If you haven't found someone you can trust to save your Bitcoins, it's better to save it yourself first until someone finds someone you can trust so it doesn't cause you any losses.

Bd officer

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If you want to keep yourself safe, you should not tell people not only about Bitcoin but also about other assets. There are many friends who will try to harm you after seeing your success.

However, I don't tell people how much bitcoin I have. No one knows that I have invested in Bitcoin, my parents know but not how much I have invested. But taught my wife about Bitcoin. Told my wife not to tell anyone about bitcoin. I have not shared the wallet privacy with anyone, keeping it to myself.

hZti

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Thank god we all have a free will and can choose to tell or not tell basically anything we like. I feel that it is false to tell people they are not allowed to tell how much coins they have. If you are happy to share what you have then it is your decision. Usually people do post like "I bough my first 50 USD worth of bitcoin" wich is nothing bad and will not hurt you at all.
Stilll it is not wise to make everything you do transparent.

Antotena

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Quote from: ChiBitCTy on February 13, 2024, 01:25:44 PM

I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have. Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

For people who don't know Andreas, he used to be one of us in this Bitcointalk in the early days, here is his profile Andreas. He has written many books about Bitcoin like mastering Bitcoin, Lightening Network and Mastering Ethereum, he is a legend on forum and outside forum, I remember he wanted to even help moderated some boards here, he has voluntary done a lots for Bitcoin.

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I see so many people that come around here sharing how much bitcoin they own...don't. Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own. Being transparent about these things can be harmful to you in a multitude of ways. As an advisor this is something I tell my clients all the time. Your financial info is private and should always remain that way. I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

What people don't know, they can't hurt you with it and this is where privacy comes into play. Keep shut about your coins, not your friends nor your immediate family because people betray people when money is involved, we have seen friends poison eachother because of money and we have seen family stab one another because of money, not a good idea to tell people about bitcoin as it will make you a open and vulnerable, not just about Bitcoin but your finances should be hidden from people.

franky1

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the main thing i notice is when people try to show off their hoard and try to win friends by trusting people.. ends up with their so called friends tricking them into scams and schemes to syphon funds from them, both in crypto and with fiat

i see many people play suck-up and trust people and later cry victim. that they lost their funds

never use money as a reason for friendship. dont trust people you cant touch with your financial information and dont ever trust anyones scheme they talk you into using if you cant then slap them with a rotten fish if they wrong you

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i do admit i have a hoard. but never reveal the yield amount nor the addresses its on.. i also dont kiss ass or play trust games.. my inbox never gets scammer emotional mail of people trying to be friendly trying to talk me into their next big deal and i would never try to get involved if i did get any.. they are obvious emotional trap scams..

dont blindly trust people you cant slap with your bare hand

shield132

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Quote from: ChiBitCTy on February 13, 2024, 01:25:44 PM

I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have. Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

I see so many people that come around here sharing how much bitcoin they own...don't. Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own. Being transparent about these things can be harmful to you in a multitude of ways. As an advisor this is something I tell my clients all the time. Your financial info is private and should always remain that way. I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

Blockchain is an open book and if you use one address to receive payments, especially a vanity address, it's becoming hard to hide the number of bitcoins that you own or at least you owned. Btw it's not a good idea to speak the number of your coins in public but some people try to flex and say that they own some of them. I think that flexing is more dangerous. By the way, if you own 2, 3 and more bitcoins and are rich, you can't hide it or if you try to hide, then I don't understand what's the point of such wealth.
Btw I agree with you on the educational part, it's not necessary to enlighten everyone about Bitcoin. I have tried to do that and their response most of the time was that it's a scam, a pyramid and it will fall soon, they were saying that Bitcoin is used for illegal activities and etc. There is no point in arguing with these people, they will always close their eye on what's true with Bitcoin, they believe in lies that government tells them.

justdimin

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Quote from: Nothingtodo on February 14, 2024, 04:07:04 PM

Every subject has some privacy which should not be open to everyone and if there is a possibility of danger if privacy is open to everyone then it becomes mandatory to protect that privacy. Bitcoin is one of those privacy because it is becoming so popular and expensive day by day that anyone can steal or rob these bitcoins.Privacy should not be open to anyone. Sometimes heinous crimes like hijacking, kidnapping and murder are heard to be organized for Bitcoin. Kidnapping ransoms are often demanded in Bitcoins and in some cases the investor has even been killed for these Bitcoins. However, all Bitcoin investors must protect their Bitcoin privacy if they do not.There may be major unforeseen events in the future.

It's not just about Bitcoin, but all sorts of things that have great value should be kept private and one shouldn't keep telling every other person that they own a certain thing that is extremely valuable because you never know who is trustworthy and sincere with you and who isn't because we live in a world where money is everything since wealth brings power and power is what everyone wants in the world today.

That's why, any person, poor or rich, should be careful about what they are saying when they are in public or even when they are surrounded by people that may know them. You can't even trust your family members apart from your mother which is probably the most sincere and honest relation one can have.

fruktik

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Quote from: Nothingtodo on February 15, 2024, 04:19:20 AM

Of course no outsider will know how much bitcoins I have in my wallet except me and my family. Kidnapping is more likely, especially if outsiders know. But one thing is very important if family members know about bitcoins in my wallet then in case of any accident my family members can easily retrieve my left bitcoins and spend them in future for family needs.

How lucky you are in that regard. Personally, I don't have any relatives who know anything about it at all. So there is no way they can get my Bitcoins if something happens to me. I have already thought about solving this problem more than once, but I have not come to any compromise option. It's not that simple. I have a lot to think about. I've been thinking about it for months now. )

ChiBitCTy

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Quote from: Sanitough on February 16, 2024, 03:39:25 AM

Quote from: Questat on February 15, 2024, 08:51:25 AM

You can trust people but have never been so open to them that you need to show how much you own (BTC). Because I believe there should be some gap between our friends and for security reasons, sometimes we need to hide especially when it comes to money. Because it was hard to determine who were really our true friends and who were not, and even in our family members, not all could be trusted. It is better to keep it private rather than let others know besides, we don't need appreciation instead, we need security as we know that not all our friends are happy with our achievements, even some of our family members.

The truth is, you can’t trust people when it comes to money and finances. Because no matter what we say, being greedy is normal for us. It’s just that some other people managed to take control of their greed, but majority still fail to do so. Most especially for bitcoin where it’s value is greater than fiat’s value. It’s still a lot better if you don’t let the people around you know that you have bitcoin in your portfolio. Otherwise, not only you are breaking your privacy, but you are also allowing them to be aware of the amount of investment you are safekeeping which will be put into compromised later on.

Your keys, your coins. You are supposed to keep it privately to protect your anonymity. And while bitcoin remains the most profitable and expensive investment these days, then the more that you will protect its security so that scammers will never have an access to it.

I'm not going to lie, my view of people overall is not very high. However I don't think it's right to necessarily say that you can't trust anyone. I for sure wouldn't and don't trust most people. However if you're not financially savvy, there's nothing wrong with hiring an advisor and placing trust in them, as long as they are doing the right things/good at their profession.

You've also got to make sure you let someone in your family know about your bitcoin, or at least have it written our in your living will stating how to access it, and perhaps how much you have..that way upong your passing your bitocin is not going to the grave with you.

red4slash

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Quote from: NotATether on February 15, 2024, 04:35:35 AM

Quote from: Nothingtodo on February 15, 2024, 04:19:20 AM

Of course no outsider will know how much bitcoins I have in my wallet except me and my family. Kidnapping is more likely, especially if outsiders know. But one thing is very important if family members know about bitcoins in my wallet then in case of any accident my family members can easily retrieve my left bitcoins and spend them in future for family needs.

Family, only if you can trust them. You will not believe how many family members will turn on you with blackmail in order to get a share of your money, if you get wealthy.

When talking about something of value in the end, it doesn't matter if it's family or not, all of them will definitely have the same nature when they are hungry they will prey so even if it is our own family as long as you are able not to leak your portfolio then I think it will still be very good.

There are so many cases where families become enemies or criminalization occurs just because of economic and money problems. with reference to this it is not impossible that bitcoin can also be a source of division and criminality even though it happens among our own family because in the end when talking about business and tengan protopolio that we have even our own family can be someone we did not expect at first.
Instead of things that don't want to happen, it's better to close what should be your privacy.

qwertyup23

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Quote from: ChiBitCTy on February 13, 2024, 01:25:44 PM

I see so many people that come around here sharing how much bitcoin they own...don't. Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own. Being transparent about these things can be harmful to you in a multitude of ways.

There are actually some benefits if you share your actual experiences in earning BTC. But I do agree with your statement that sharing specifically the amount that you have in BTC can be dangerous for your safety and security. Even if we are somehow anonymous in this forum, there may be ways where people could track your location, thereby compromising your safety in the process.

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As an advisor this is something I tell my clients all the time. Your financial info is private and should always remain that way. I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

I do get it that some people share their earnings as a form of inspiration to others in order to attract more people in investing in cryptocurrencies. But, there are ways to inspire without even compromising your safety in the process. By sharing your earnings, there can also be a misunderstanding that you are bragging instead of inspiring.

tread93

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Quote from: ChiBitCTy on February 13, 2024, 01:25:44 PM

I see so many people that come around here sharing how much bitcoin they own...don't. Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own. Being transparent about these things can be harmful to you in a multitude of ways. As an advisor this is something I tell my clients all the time. Your financial info is private and should always remain that way. I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

I couldn't agree with you more brother, this is such wisdom and a best practice to go by. The less information you give out about yourself the better. Especially in these AI models who knows what the information you input in how its going to be used. Be vigilant in your defense and mind your business.

Vaculin

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Quote from: Sanitough on February 16, 2024, 03:39:25 AM

Quote from: Questat on February 15, 2024, 08:51:25 AM

You can trust people but have never been so open to them that you need to show how much you own (BTC). Because I believe there should be some gap between our friends and for security reasons, sometimes we need to hide especially when it comes to money. Because it was hard to determine who were really our true friends and who were not, and even in our family members, not all could be trusted. It is better to keep it private rather than let others know besides, we don't need appreciation instead, we need security as we know that not all our friends are happy with our achievements, even some of our family members.

The truth is, you can’t trust people when it comes to money and finances. Because no matter what we say, being greedy is normal for us. It’s just that some other people managed to take control of their greed, but majority still fail to do so. Most especially for bitcoin where it’s value is greater than fiat’s value. It’s still a lot better if you don’t let the people around you know that you have bitcoin in your portfolio. Otherwise, not only you are breaking your privacy, but you are also allowing them to be aware of the amount of investment you are safekeeping which will be put into compromised later on.

Your keys, your coins. You are supposed to keep it privately to protect your anonymity. And while bitcoin remains the most profitable and expensive investment these days, then the more that you will protect its security so that scammers will never have an access to it.

Unlike before, if people know that you are investing in Bitcoin these days, they will see you as a rich person. This is because Bitcoin is too popular this time and they also think that only rich people can afford to do buy this due to its price. But this is not the issue why we should keep anonymous and protect our privacy. We did not tell people for the sake of having a peaceful life not worrying about what the people outside are talking or planning. It is better to keep them out of their site so they won't suspect us for something. Keeping things like this in private will help us save from unwanted solicitations as they care less about us.

Sanitough

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Quote from: Questat on February 15, 2024, 08:51:25 AM

You can trust people but have never been so open to them that you need to show how much you own (BTC). Because I believe there should be some gap between our friends and for security reasons, sometimes we need to hide especially when it comes to money. Because it was hard to determine who were really our true friends and who were not, and even in our family members, not all could be trusted. It is better to keep it private rather than let others know besides, we don't need appreciation instead, we need security as we know that not all our friends are happy with our achievements, even some of our family members.

The truth is, you can’t trust people when it comes to money and finances. Because no matter what we say, being greedy is normal for us. It’s just that some other people managed to take control of their greed, but majority still fail to do so. Most especially for bitcoin where it’s value is greater than fiat’s value. It’s still a lot better if you don’t let the people around you know that you have bitcoin in your portfolio. Otherwise, not only you are breaking your privacy, but you are also allowing them to be aware of the amount of investment you are safekeeping which will be put into compromised later on.

Your keys, your coins. You are supposed to keep it privately to protect your anonymity. And while bitcoin remains the most profitable and expensive investment these days, then the more that you will protect its security so that scammers will never have an access to it.

Ricardo11

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If someone asks, how many bitcoins do you have? Or how much is your monthly salary Or how much money is in your bank account? Then should always avoid such words. Remember as long as you stay under cover and secret you are safe. Because more or less everyone is greedy for money, if you tell everyone now how many bitcoins you have or how much money you have in your bank account, you will see that later they will be greedy and start threatening you. Be it a friend or someone from one's family, when one gets greedy one forgets about relationship and wants to grab money at any cost. And they can do anything to get this money like kidnapping or blackmail. So always be as private as possible, and never tell anyone about your bitcoins, assets and bank balance. This will keep you safer.

Fatunad

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Quote from: mirakal on February 15, 2024, 07:59:54 PM

Bitcoin is designed to promote privacy and financial freedom, and sharing your investment details to others would mean breaking its purpose. You will not gain privacy anymore as a lot of the people around will surely monitor your investment outcome. It’s either to imitate you in the future or worst, set some plans of scamming you so they can steal your bitcoin, that is indeed very threatening for us. This is the reason why as much as possible, invest bitcoin on your own. Do not tell other people that you are currently working on your bitcoin investment, it would mean a success to you but for them, it would create a distraction on their part. Know what and when to share, and know when not to.

Bitcoin is a highly precious investment, and that you are responsible to keep its safety and security at all times. Telling other people that you have bitcoin will compromise your own safety, as well as the security of your coins.

It was never meant for financial freedom but rather it has been created for the sole purpose of p2p transactions without 3rd party involvement on which this is really something revolutionary and the main reason
on why it did really gain that too much traction because of such thing and it did turn out that investing also did kicked in considering on how much value that it had become on the time that it did get attention or simply with the demand on which it wont really be that shocking that people would really be focusing out into its potential when it comes to money making or profits on simply just via holding it.
This is why you cant blame out those people around or in the market on having those thoughts that you would really be able to make yourself some money on simply holding it.

Speaking about telling someone on how much you do have those coins you do possess then you are really that putting yourself in possible trouble. Yes, it cant be detected or known but
we dont know on who are the ones who are really just that lurking in the shadows and really just the finding the right opportunity for them to get or stole those coins.

mirakal

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Bitcoin is designed to promote privacy and financial freedom, and sharing your investment details to others would mean breaking its purpose. You will not gain privacy anymore as a lot of the people around will surely monitor your investment outcome. It’s either to imitate you in the future or worst, set some plans of scamming you so they can steal your bitcoin, that is indeed very threatening for us. This is the reason why as much as possible, invest bitcoin on your own. Do not tell other people that you are currently working on your bitcoin investment, it would mean a success to you but for them, it would create a distraction on their part. Know what and when to share, and know when not to.

Bitcoin is a highly precious investment, and that you are responsible to keep its safety and security at all times. Telling other people that you have bitcoin will compromise your own safety, as well as the security of your coins.

Lorence.xD

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Quote from: Nothingtodo on February 15, 2024, 04:19:20 AM

Quote from: 0t3p0t on February 15, 2024, 12:28:21 AM

Yeah telling people how much Bitcoin and other assets we have is a suicide. I mean you are just putting yourself and your family at risk. Giving people and idea how much wealth we have you are just giving them a hint and you make yourself and your family a target.

Of course no outsider will know how much bitcoins I have in my wallet except me and my family. Kidnapping is more likely, especially if outsiders know. But one thing is very important if family members know about bitcoins in my wallet then in case of any accident my family members can easily retrieve my left bitcoins and spend them in future for family needs.

Actually it is just unnecessary to do so unless asked by people on the same industry if that one is closed to you. You won't for sure just mention about it out of nowhere 'coz that would be bragging ad irrelevant with them. I do understand the risk of attracting bad people but if they don't know that much then how come they would be having interest of this technology? And if they are also into this industry then it depends on how you will perceive that person; you cannot hide intentions. As much as possible it would be better not to talk about how much you are having, and for sure it won't be a norma thing to just mention it out of nowhere.

Like with some of my friends. They know that I am having investments in crypto industry hut they never insisted knowing particular numbers and won't be having the initiative to do it as well. Even with family members, instances would be different. It is either they become interested of it as well or it will be an excuse for them to borrow money from you. So what's the need to do so?

Oneandpure

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Better make your financial privacy and don't make the other know how much your assets exactly with how many bitcoin do you hold, will be opportunity for the other make your target for stealing bitcoin assets when some one know in your wallet hold how many bitcoin. make the financial information private is very important for us how to secure well our assets although get hold in wallet only but when some one in cryptocurrency know us in offline and they get information with how many bitcoin hold not secure yet with our security.

I don't know what the great achievement result when sharing or publishing portfolio assets exactly in social media account, some people want to get positive feedback and still has many people with many bitcoin holding make private without sharing yet their portfolio assets.

Topic: STOP telling people how much Bitcoin you have - page 3. (Read 1156 times)