Pages:
Author

Topic: What do you tell people who ask "how much bitcoin do you have?" - page 2. (Read 4248 times)

legendary
Activity: 1176
Merit: 1005
I have never understood why people think it is such a taboo to talk about ones net worth or salary.

It is linked to the culture and the general financial situation of a population where you grew up. I have a couple of Haitian friends down in Florida. They are sending money to families members back to the island. Kidnapping for ransom is sadly a regular hazard over there. Broadcasting your wealth or the perception you may have more than the "average" (in some part of Haiti, not the whole island) would be like putting a bulls-eye on your back.

Not to mention that if the number is particularly large, even if you aren't facing kidnapping for ransom or similar situations, loose lips could incline some bastard to rat you out to the IRS just to screw with you.  Even if you are honest on your taxes and pay what you think is appropriate, what is the proper metric for taxes for BTC that appreciate in value?  Do you owe the taxes at the time you convert to fiat or at the time you earn it?  Are they short-term capital gains taxes or something else? 

I don't really have that much in BTC as I am more or less broke, but I recently realized when the price of BTC spiked that the BTC I just kept around to gamble with is suddenly actually worth real money.  I now have more BTC than fiat.
legendary
Activity: 1862
Merit: 1114
WalletScrutiny.com
Some family members might know and might also know how to get hands on them in case I hit a bus. When others find out, it is because I'm not too paranoid about friends knowing that I have some bitcoins but I would make sure to move them to have plausible deniability on still holding them when the bitcoin 100000-folded.
legendary
Activity: 1078
Merit: 1003
People might kill and/or rob you for your money if times are bad and you are not popular.

So it makes sense to be quiet about what you have at times.

This.  I don't mind revealing how much fiat I have (paycheck to paycheck; no more than $2k at any point in time,) but when it comes to BTC, and how much I value that BTC, as far as anyone's concerned, I don't have any.  At least not on this computer, or any other computer that may or may not exist.  Also, it's easy to steal BTC; you can do it anonymously, over the Internet, without any repercussion.
hero member
Activity: 815
Merit: 1000
I have never understood why people think it is such a taboo to talk about ones net worth or salary.
People might kill and/or rob you for your money if times are bad and you are not popular.

So it makes sense to be quiet about what you have at times.
hero member
Activity: 868
Merit: 1000
I have never understood why people think it is such a taboo to talk about ones net worth or salary.

I think many people are jealous, and if you told them you had a million dollars, they'd view you differently and expect you to pay for everything 'since you're rich'.

If you have a couple grands, that's not special. But once you have a lot of money, people around you start behaving differently.
newbie
Activity: 50
Merit: 0
less than BTC0.5

Which is technically true. Open my client and you will see a balance of 0.3. Nevermind that flash memmory stick around my neck
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
A universal answer to such kind of question: Two bags  Grin
legendary
Activity: 1078
Merit: 1003
I tell the truth. I had tens of thousands of coins at one point. Gave many away, lost some, bought a bunch of worthless crap, and got scammed out of the rest.

It was for the good of the BTC economy.  Tongue
legendary
Activity: 1137
Merit: 1001
I tell the truth. I had tens of thousands of coins at one point. Gave many away, lost some, bought a bunch of worthless crap, and got scammed out of the rest.
full member
Activity: 210
Merit: 100
I have never understood why people think it is such a taboo to talk about ones net worth or salary.

Agreed.

Seconded. Most of my friends and family know exactly how much I own. That might have something to do with the fact that I can't stop talking about Bitcoin for half a year now.
legendary
Activity: 1176
Merit: 1001
minds.com/Wilikon
I have never understood why people think it is such a taboo to talk about ones net worth or salary.

It is linked to the culture and the general financial situation of a population where you grew up. I have a couple of Haitian friends down in Florida. They are sending money to families members back to the island. Kidnapping for ransom is sadly a regular hazard over there. Broadcasting your wealth or the perception you may have more than the "average" (in some part of Haiti, not the whole island) would be like putting a bulls-eye on your back.
sr. member
Activity: 392
Merit: 250
I have never understood why people think it is such a taboo to talk about ones net worth or salary.

If the other guy makes twice as much as you its pretty humiliating, unless you have no shame or pride.

I don't get my value from other people. I am a complete egotist in that sense.
donator
Activity: 1466
Merit: 1048
I outlived my lifetime membership:)
I tell them I don't need to worry about money until after residency. And if bitcoin really takes off, maybe several dozen more years after that.
legendary
Activity: 1001
Merit: 1005
I have never understood why people think it is such a taboo to talk about ones net worth or salary.

If the other guy makes twice as much as you its pretty humiliating, unless you have no shame or pride.
full member
Activity: 154
Merit: 100
I have never understood why people think it is such a taboo to talk about ones net worth or salary.

Agreed.
sr. member
Activity: 392
Merit: 250
I have never understood why people think it is such a taboo to talk about ones net worth or salary.
member
Activity: 87
Merit: 10
Don't bother giving people exact amounts, its never going to help you.  Just tell them something like "a few", or say you have $500/$1000 invested depending on what would be a normal amount for one to invest.
full member
Activity: 179
Merit: 100
I usually tell people its rude to ask, it is the same as asking someone what you have in the bank - none of there bloody business (usually).
sr. member
Activity: 294
Merit: 250
I told my parents about bitoins but I don't think they understood it much so when they ask me, I show them my 1 BTC Casa coin saying I only have 1 for the lulz.
Pages:
Jump to: