Topic: STOP telling people how much Bitcoin you have - page 5. (Read 1156 times)

I think that's pretty obvious you shouldn't disclose the amount of your coins to anyone except perhaps your closest ones. Some people I know even refuse to tell their family the exact amount of their holdings. You are not bragging about your bank account balance in public, do you? Then why would you share info on the amount of your coins? Basic opsec.

People have realized already the risk of telling people about their personal lives, especially when mentioning wealth and investments as this will compromise their safety. It is to see that more people become particular in their privacy rather than being bold to everyone around them. This mindset keeps them secure and gains no interest from others which makes them go outside and enjoy life without worrying for someone after them.

Telling others may help them think about doing the same but it was not necessary to mention amounts. It is just giving them some curiosity that brings them interest and they will do their own research.

This is actually a personal thing and for those people who are really that thinking about those things would really be definitely be trying out to avoid on asking some about those information
since they do know that it is something that someone wont really be telling you about those information. Surprisingly there are really people who do really love on boasting up their possessions
and im really that thinking on how the heck they do really make such action which we know that it could potentially make those people put up themselves on danger, but somewhat here on crypto space
which it is really that hard to know considering about being anonymous this is why some people are really that confident.

Better to make yourself that lowkey and never ever be boastful on how much money or coins you do have which it isnt really that limited to Bitcoin but also
with other top altcoins that we do have. Its better to be silent rather than on trying out to impress everybody.

I usually don't ask people how much their salary is or how much they earn. I don't feel comfortable asking anyone because, for myself, I don't want to share my financial portfolio. So for crypto, I don't ask how much you hold or how much you have been earning. Just ask if they are introduced to crypto and how they may grow their portfolio. Two days ago, I met with new crypto users. I just advised them how they might increase their portfolio. I also prefer something to hold, which includes Bitcoin. I never shared my holdings, nor did I ask them about their portfolio. 

Really asking people or entertaining people asking how many Bitcoin I hold is some strange thing to me and I will never entertain such questions,  because at some point I see it as pop-nosing into other people's business.

Same as asking people what their religion is,  I think it is a personal thing and none of my business and I have high respect for privacy so for that,  I rather keep it a secret and not allow any other person to have access to such vital information.

I appreciate all the replies.  I didn't expect for this thread to get so much attention but I'm glad it has since this is a very serious topic in my humble opinion, and I just see too many members coming and divulging such private information so frequently.  Hopefully this thread is a good lesson for some. 

I've also seen a couple people mention Andreas...again, if you aren't familiar with the work Andreas has done for bitcoin I HIGHLY recommend checking it out. 


Lol that's a pretty good response, I plan on using this going forward.


Lol, I know, it's just funny how people think and how uneducated so many are.  It's a reminder that people simply don't take the time to learn things, no matter how "goofy" or "wizardly" like things may seem to them.

Yes that's right. Of course, as times progress, many people want to invest in Bitcoin. However, even if you want to teach friends or other people to invest in bitcoin, it would be better if we just teach it without having to show the number of bitcoins we have.

Because Bitcoin is basically anonymous, it's best to keep Bitcoin as our secret to avoid something we don't want in the future. Sometimes to convince or make people interested in investing in bitcoin we don't have to show the number of bitcoins we have, we just need to look at the history of bitcoin from past to present and the benefits of investing in bitcoin for the future.

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.

These can be constructive informations if you are looking for a place to rent or to compare the yearly income of a professional who shares the same career you belong. I have to know how much people are paying for a rent in a determined area if I'm moving myself to live there, otherwise I might be going to rent a place which charges an abusive price from me. Moreover, I have to know how much professionals from my working field are being paid to conclude if the payrates being offered to me are inside that payrate margin. And if I can help someone else with these informations about myself, I'm glad I can help enlighting them on these matters, since I have also been on their shoes in past situations, so I know how it feels to be confused about it, while having no one to ask about.

If there is a constructive purpose behing the doubts and questions, there is nothing wrong with that. I think what should be avoided are curious, gossipy and whisperous people who just want to know details about your life for no reason at all, and especially to kill some time and have something to talk to other people about, since they don't live their own lives as they were supposed to do. Then of course you shouldn't give any personal details to them, because there isn't any productive purpose from their side.

Yes of course some things should be ignored that discussing things with people will hurt me especially how much Bitcoin I have accumulated is not very wise to tell people. It's always better to keep yourself safe Those who talk about their wealth to people without keeping themselves safe face many problems in their lives. I don't tell anyone how much I deposit in Bitcoin and especially I don't share the Bitcoin I work with because Bitcoin is still illegal in my country and I don't discuss it with anyone.

There is a dilemma we all have to face when we decide to converse with people about Bitcoin. It does not matter if they are either close family and friends or whether they are neighbours or colleagues, there will always be questions about "when did you first buy", "when did you first hear about it" and "how much do you have".

Though there is no obligation to present Bitcoin to a new audience or even engage with people when they themselves raise the subject, I feel it is better to somehow engage with those asking questions and learning about crypto. How you avoid answering the questions that can indicate how much wealth you have accumulated is the difficult part.

I have to thank you for introducing Andreas Antonopoulos, and because of that message sure it is correct Andreas Antonopoulos has so much awakening in his life in what he would do with the technology in front of him, for sure he has surely seen the potential of Bitcoin and right now he just wants to share it to everyone that would like it, for sure getting somebody curious on what you do for a living will surely make them more curious than ever, than to let them have a count of the amount you are getting, which is not a good sight for sure.

For sure many in the Forum may have told somebody they hold Bitcoin and the exact amount for sure Andreas Antonopoulos is a big help not only for the newbies on Bitcoin but for the Veteran aswell.

There are many jealous people around us. Nobody needs to know how much we are investing. Maybe they will criticize us, maybe they have other plans, we don't know. Maybe we don't know the people around us well enough. We should always be careful. Sometimes it's good to talk to people who we know are good people around us and get their opinion.

These different situations I'm talking about have to do with how we approach the people around us. If we have trust issues and we are likely to regret it if we say something about our investments, we should not tell them about our investments. If we trust the people around us and we want to talk to them about our investments, that's fine. It's about our approach. We need to remember that sometimes not everyone needs to know everything to avoid bad experiences.

The more you reveal about yourself, especially concerning your financial status, the greater the risk of attracting adversaries. When people become aware of your wealth, it may entice them to plot future attacks, particularly if they are close acquaintances aiming to exploit your possessions. It is prudent to refrain from disclosing sensitive information, such as the quantity of Bitcoin in your possession, as Bitcoin transactions are inherently private. Instead, it is advisable to deflect inquiries or remain silent when confronted with such probing questions.

Engaging in discussions about your financial holdings with others, especially those who inquire insensitively, may only serve to expose you to unnecessary risks and potential exploitation. Therefore, it is wise to exercise discretion and maintain a level of secrecy regarding personal financial matters, safeguarding oneself against potential threats and preserving one's privacy and security.



Yes, I have witnessed many threads like that there in this forum,but I think the threads were just about sharing their happiness as their opportune to purchase their first bitcoin, but all those threads were created for merit-based Merit purpose.But now that they see that those types of threads are not attracting merit again, I think they have stopped creating those types of threads because it has been a long time since I came across them.

Yes, it is always ideal to not share with anyone about your investments. Don’t let others know that how much money you are investing or putting in resources. Many are jealous to be honest and hence it might be very harmful for the investment. Moreover if you stay in a country where Bitcoins are illegal, then if someone complains about you, then you will face trouble only. Hence, it’s ideal to keep your investments private.

The sense of wanting to be recognized (self-validation) and wanting to be considered that we are someone who is indeed in bitcoin makes most people sometimes become a little more big-headed because this is the natural attitude of humans when they have something then surely they will try to do a thing that is considered to be showing off in the end.
But they don't realize that by mentioning the portfolio they have, apart from that it is a little embarrassing if there are those who have higher assets than them, this will also make us the target of people who want to act badly.
Privacy is an important thing but we seem to ignore it even though this is something that we must realize so as not to invite irresponsible people.

I support @OP's advice.  This is for our security and safety.  We never know the intention of people asking us about our financial status and even if the person who asked doesn't have bad intentions, the people who are listening around might develop ill intentions if they hear that we have such an amount of money.

There are lots of instances where people are attacked, robbed, or even kidnapped after knowing that they are holding a good amount of money.  So better be careful and keep our financial status in private.  Never post it (your financial status) on social media especially on our social media walls because it will spread out easily and might invite unwanted people to target us.  It is better to be safe than sorry.  Besides I don't see any benefit if one posts his earnings but bragging right.

It is better to be anonymous than open to the public because we don't have to worry about the many problems that will arise in the future. Someone who owns a large amount of bitcoin assets will definitely want to keep it secret and I'm pretty sure they would never talk about it in public. The problem is that people talk about bitcoin assets for certain reasons and usually these reasons are based on stupidity and want to show other people that they have bitcoin. Actually, there is no benefit whatsoever when people talk about having bitcoin in public places, it actually causes problems.

I prefer to be private about finances and never intend to be open with anyone about this issue, especially if it relates to the public. It's strange if people want to tell other people how much money or possessions they have because it's actually better if it's private. Social media trends are only for content and they seek out other people's information only for the benefit of the content they produce.

Like the advice, but it will be difficult for people who don't know how to keep their secret

It is true that many people face such questions from time to time. But does anyone make their bank account status public? No, it never does. Rather, it avoids the issue by concealing the entire information. It is very important to apply the same process to Bitcoin. Because nowadays people don't even trust their own shadow, let alone friends and relatives. It is also impossible to understand what is going on in someone's mind. So no matter how many close people (other than family) you have, sharing this information with them means putting yourself in great danger later on, which is tantamount to axing your own foot.

Cryptocurrency is all about privacy. That's why we can openly discuss with them the importance of Bitcoin, investment advice and proper understanding of wallets, but never share personal information. We need to be more aware to keep Bitcoin safe and secure.