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Topic: STOP telling people how much Bitcoin you have - page 9. (Read 1156 times)

hero member
Activity: 966
Merit: 701
February 13, 2024, 03:19:54 PM
#9
Do people really walk up to strangers and ask such questions? I believe those videos are mostly staged because no one who cares about their safety and privacy would entertain such interviews. I saw one where the guy asked to see where this person lives and how much his rent was. I find it hard to believe that could be real.

Before anyone will ask you about your Bitcoin hodlings, that means that they are aware that you're involved in Bitcoin. I think this question comes up when you're trying to convince a newbie to invest in Bitcoin or you're teaching bitcoin to someone. It's a newbie question, anyone who understands the value of Bitcoin and knows it's digital money will not ask such questions.
member
Activity: 184
Merit: 10
I will write anything for you
February 13, 2024, 02:51:07 PM
#8
I even pretended not to hear when the question was asked. I mean, why ask like that, what good would it do for him to know how many bitcoins I have. because this had happened in my real life, he asked me to teach him about bitcoin, starting from what bitcoin is, how to trade and everything. In the middle of class he asked that, I was really annoyed to hear that, but because he was my friend, I had to show it. but if I had the same case now, I would ignore it before the question was finished. Apart from security reasons, it is also very annoying.
legendary
Activity: 3234
Merit: 2420
February 13, 2024, 02:46:32 PM
#7
Not just bitcoin, don't tell anyone how much whatever you have. FIAT, Real estate, pokemon cards... Don't show off, don't make yourself a target. Be smart. You worked hard to make that money but the real challenge is to maintain that money. Your real work is only starting. If you act stupid now it won't take long before you go back to where you started, to nothing. Compared to staying rich, becoming rich is way easier. Remember, people are assholes, people are jealous bitchez. You have something which hey don't and they will do everything to see you fail.
legendary
Activity: 3094
Merit: 1127
February 13, 2024, 02:46:08 PM
#6
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!
Sharing up something specially when it comes to your finances or financial capability is never been that a good idea. Its true that this is something that should really be in private and something
that shouldnt be known by someone. Here on this forum then you could really be able to see those people who are really that even sharing up their portfolio balances as if they are really that confident on doing so.
Honestly, its really that still not that easy for you to victimized someone even if you do know those details, this is something that those things having in mind into those people who are really that too boastful with their holdings since they do know that people cant do something shit on them.

On online space then i might not be worrying about but in physical world then this is something that you should really be mindful because we know that
not everyone that near you would really be having that kind of positive views towards you but rather they would really be targeting you instead.
When it comes to money then everyone could changed up instantly.
sr. member
Activity: 294
Merit: 433
HODL - BTC
February 13, 2024, 02:36:48 PM
#5
It's annoying when I'm teaching them about the basics of bitcoin but at the end he asks:
How many bitcoins do you have?
And is it profitable now?
Wow, it's great that you now have a lot of bitcoins.
They then spread to other friends that I have bitcoin.


They don't know which privacy to keep secret. He only wants to know other people's income but never learns how to earn money in a different way or in bitcoin, even he is more happy to hear other people's stories than his motivation.

So I will not tell anyone how many bitcoins I have now, enough for myself, I don't want to be a risk that at the end they threaten me.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
February 13, 2024, 01:45:37 PM
#4
It is funny how often people ask how much Bitcoin you have.  You can tell that they don't believe it's real money.  That question is usually followed up by how you can actually buy anything with it.  Talking to most folks, you'd think that sending BTC to an exchange to have cash sent to your bank account is some sort of wizardry that is beyond the grasp of the common man.  Having these types of discussions with people really does cement it into your brain how insanely early we still are to this crypto thing.  How many bitcoins do you own? 
mk4
legendary
Activity: 2716
Merit: 3817
Paldo.io 🤖
February 13, 2024, 01:38:45 PM
#3
People frequently ask "How many bitcoin do you have?" once they find out you're into bitcoin simply because they can't really grasp the "moneyness" factor of it; instead, they think it's some collectible like some rare Pokemon cards hence why they probably think it's fine to ask.

My favorite go-to line when asked about my bitcoin, goes like this:

them: "how many bitcoin do you have?"
me: "how much money do you have in your bank account?"

and then and there it'll click in their heads. I've heard this answer on a podcast/interview in the past, I think it was Erik Voorhees? Not sure.
sr. member
Activity: 1429
Merit: 264
February 13, 2024, 01:27:47 PM
#2
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!

"Don't tell how much bitcoin you have. That will be my job.". The extract. Cheers.
legendary
Activity: 2240
Merit: 3002
February 13, 2024, 01:25:44 PM
#1
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!
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