Bitcoin Forum

Nowadays we need to be careful when publicly admitting to owning Bitcoin. A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champions.

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped (https://www.cryptoglobe.com/latest/2021/10/14-year-old-crypto-trader-kidnapped-after-saying-he-made-a-reasonable-amount-of-money/) after bragging on social media posts about having lots of money made from trading cryptocurrencies.

That's why I don't like anyone to know I'm in the Crypto business.

Saying you make bitcoin or you make money or displaying to public about the amount of your bitcoin holding is very risky and can lead to what happened to the 14 year old kid. We should always limit the information we share on social media, limiting the information we share in the public.

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Although, this is not related to kyc, but we need to be very mindful of kyc we shared on centralized exchanges, data breach can also lead to people knowing about the information we provided centralized service providers like exchanges. People having bitcoin should try all means to maintain privacy, any information shared is dangerous.

No body but my father knows that I know of Bitcoin and other Cryptos and own a little.

He never talks about it to anyone and neither do I.

I treat Bitcoin as treasure. If you find treasure, you don't go around telling people about it.

This is another reason I prefer using non-KYC exchanges to buy BTC for I don't want no one to know that I am buying and holding Crypto.

It's never safe to announce your Bitcoin or money to public, you're make people around interested with you and don't be surprised if something bad happen to you. You're taking the risk of people would attack you and don't blame them if they do that, you're need to blame yourself to not share any sensitive information to public.

Don't forget to separate your device which you're using regularly and for Bitcoin only. So if your phone are stolen or your friends borrow your device, they wouldn't find any Bitcoin related.

It's not just crypto business, am pretty sure it applies to all the businesses as well. Having money and bragging about it is totally ridiculous. People end up getting kidnapped, dead or even scammed by their own family members. Well the kid was too young to know what he should have/shouldn't have done but at the end of the day I hope he is safe and home soon.

That's why we talk about privacy as well. It's not a small issue. It's really complicated as well. Things get messy within seconds.

Even KYC is something that takes all the information and sends it to the government and if the website gets hacked there would be addresses and personal information of the whales coming out as well.

How safe it would be for them ??

Boasting should never be done.

Sounds alarming, But I think that was only an isolated incident because in reality no one talks or shares any info to the public that they have possessed a lot of cryptocurrencies particularly Bitcoin. because if that happens the government will after you and tax your holdings, second is you might be in danger of being robbed, After all, many bad people are already knowledgeable about the fortune of cryptocurrencies that's why no crypto users in their right mind to do that in the public.

IF you are a publicly flaunt your holdings everyday and always flex that everywhere then expect that you will be the target of those bad guys, but if you are silent doing your business and other thing over the net then you are safe from those kind of people. So better take our silence so that no disturbance will come to us and we will be safe from any people who do crime just to earn money.

It's ok that they know you are in crypto but let them guess on what you are doing and earnings from this things.

Maybe it was safe to say 5-6 years ago that you have 1 BTC, but if you say that today you literally put a target on your forehead and it's only a matter of time before something bad happens. My advice is that if you also told someone that you have Bitcoin, when they ask you again, say that you sold back in 2017, then many have sold anyway. If you want to sleep more peacefully, take good care of your backups, set up an alarm and security cameras, and if you can legally obtain a firearm, do not hesitate to do so. Criminals always choose targets that are poorly protected, and will often avoid those that have a high level of protection.

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From the article :


4 years for physical assault and kidnapping of minors - these people are obviously eating some weird mushrooms and using drugs - they should have given him more recognition because he didn't kill the child and because the ransom was only £900 - maybe work for the common good in the royal palace :o

I had to change my location because I was no longer comfortable with how people around my neighborhood saw me. Many who know I trade Bitcoin started putting up some funny attitude each time I tried going closer to them. I had to change my location currently where I reside no one know I trade and this has made my relationship with people around me mutual

it doesn't really matter if you are making money on cryptocurrency or not. as long as you brag on how much money you make you will be a target. in this case it was a kid who is bragging about the money he made.

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regarding the kidnapping. those kidnappers are a dumbass. they asked for £10k but ended up agreeing to £900 and then ended up getting arrested for it. its clear that these guys are amateurs. that boy is lucky that the kidnappers are amateurs. I just hope the kid learned his lesson not to brag how much money he makes. may it be in cryptocurrency or not.

Yea I see all these clowns on fb crypto groups announcing exactly how much they own and asking advice on if their portfolio is good I'm like wtf? But I don't announced it on social media or anything but people I know irl like my family or friends I dont have an issue with telling them.

It was never safe going public and bragging that you own Bitcoin, that is why all public figures like Jameson Lopp or Andreas Antonopoulos keep their Bitcoin in complex multisig setups that can't be accessed so simple even if they want to do it.
What happened to this 14 year old boy is a shame, but in reality similar things are happening for years, you can check all known physical bitcoin attacks recorded since 2014, and I am sure there are much more unknown attacks.
Note that this list is only publicly reported attacks on Bitcoin owners, so better think again before speaking out in public:
https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

Then how all the billionaires are living in this world? These are not excuses to make money, threat comes when you become richer but it can be tackled when you nade enough money to hire best security for you so you can feel safe at any moment.

If you ask me owning bitcoin is safer than fiat, no matter how much someone tries to steal money they can't unless you give access to wallet.

Since when was it even safe to admit or brag to anyone that you own Bitcoin?

It's just simply flexing that you have a big fat wallet, in the eyes of a thief. In the case of the 14-year old kid, it's the kid's fault but still, his/her parents could have at least know about this since trading at a young age needs adult supervision, can't put the blame on the kid but to the parents themselves.

If someone really wants to steal your BTC, they can do that in two ways. The first is to ask you nicely to tell them where you hide your wallet/seed, and if you refuse there are some methods by which you will tell all the secrets of your life. If you’re still some John Rambo or Jason Bourne resistant to torture, all these bad guys need to find is a weak point, and I’d love to see who says NO when they put the gun on the head of your child, father, mother, sister or spouse.

You keep your fiat in the bank, your crypto is mostly on your computer, smartphone or hardware device, and all this is at the fingertips of anyone who enters your home.

And since when was it safe going public saying you own money? It never was.

You should never announce you own money at all, not just many. A person who doesn't have a penny will rob anyone who owns it. When you state this in public, you increase your chances of drawing their attention.

When you say you own bitcoin, one may believe you own more than just 1 BTC. Otherwise, kidnapping a 14-year-old wouldn't make much sense.

Wow, I've never seen anything like this before, but I believe that in terms of money, people could think devilishly. Whether you're making money from bitcoin or something else, if others hear about it, I believe you've received threats or they could be friends looking to take advantage of you. It's becoming increasingly difficult to flaunt your assets these days, because kidnappers and people who want to do bad things are also on social media, watching your every move. Nowadays, it is preferable to hide rather than to flaunt one's wealth.

that's what i do here too, i work in a restaurant and i don't want people to know i have crypto in my wallet, at least they know i get money from working day and night in a restaurant, worried it will be bad impact when people find out i have crypto and a lot of money

the mother is good at haggling the kidnappers that it was reduced down to £900 when Khubaib was actually asking £10000.  so why is he not asking for BTC as ransom, i would assume the parents also have some BTC.

but true it's not good to show off your BTC on social media, criminals are just lurking which is an easy target and a kid in school is perfect for petty criminals.

It's pretty much the same outcome as winning the lottery, except with way better chances.

It hasn't been safe since forever, as while Bitcoin hasn't been mas adopted, it's pretty much a household name for a while now.

Not to mention that it isn't safe to flaunt your wealth in the first place, bitcoin or not bitcoin. Always watch out for $5 wrench attacks.

https://cryptosec.info/wrench-attack/
https://blog.keys.casa/how-to-protect-your-bitcoin-from-5-wrench-attacks/

But looking at the possibilities if you are super rich you will have body guard around you all the time and you won't be available in public very easy or if you are a common man who earn decent amount you can feel safer because its very easy to steal our wallets and credit cards than finding the device where we stored our private keys.

What else do they expect? They are going running around telling people how rich they are. They probably are seeking attention and they are getting those attention but from the wrong people. They just make themselves an easy target for criminals. Hope that kid has been returned home safe. He learned a good lesson.
I don't think he is the only one who receives constant threats. Almost all public figures involved in crypto or not receives those kind of threat from day to day basis. It's nothing new for them. They just ignore it.

I agree that this case should be taken into account. As much as possible not to expose ownership. However, social media is indeed to be used as a place of exhibition, it is difficult for individuals to avoid it. We often see many posts showing the results of crypto trading.

Regardless of the case faced by a Daniel, it will be a lesson, that evil acts always monitor us from all directions that we are not aware of.

Ohh this is devastating news. The irony is, you want everyone to know about the basics and fundamentals of cryptocurrencies but it also has the chance of backfiring as people would assume that you have many BTCs or cryptocurrencies in your possession.

To be honest, the problem with this stems from the presumption that links being rich from owning cryptocurrencies. I do hope that people would deviate against this idea. Like before, when I mentioned to my friends that I do BTC, they quickly assumed that I had many BTCs in my possession, which in reality, is not.

You are absolutely right. It is dangerous to narrate to people that you are involved in crypto industry as you can get many enviers. It is better not to show off at all so as not to receive threats like you said. As for me, it is really seductive to tell people that I work in such an interesting sphere, but I know that it is better to keep silence, otherwise you can face problems such as police and so on.

well if you do show on social media that you are trading BTC today, they will still assume you have a lot of it because by the looks of it you seem to be an early investor compared to those who only knew BTC after 2020.

it was wrong of me to have said to my high schoolmates that i was into BTC back in 2017. now they were thinking i have a ton of it that a few are asking for a loan of just about 0.016BTC in fiat. they don't even know how btc wallet works.  :D  you just can't trust anyone today because a law-abiding man could turn criminal because they'd got no job for almost 2 years due to covid.

It's risky indeed, but when people make a living from crypto universe, sooner or later they don't have any choice besides telling someone here or there they deal with bitcoin, as it's part of our social relationships to talk about facts of routine and work to others.

In this case I think it's important to always minimize the impact of bitcoin in your personal life. Usually people ask if you are able to earn a decent amount of money from crypto, so the answer should be something like: not too much, just the minimum necessary for monthly expenses.

By doing this you are relatively safe, because you won't be considered a precious target by bad people around. The key point here isn't to deal with bitcoin, but the emphasis you give on how much money you make from it, just like in any conversation about your fiat income, for an example. And of course, nothing regards personal finances or businesses (being bitcoin or not) should be shared in social medias where anyone can have access to.

Regardless of your source of living, either from crypto or not, its always not proper to say things or show things in public that you are earning a huge amount or you have been holding bitcoin for a long time. This will only give hints to the scammers or criminals out there to keep an on you as you become their new target. To be more safe, stay out from social media or any public appearance that will put yourself into danger. You maybe think that you are going to inspire others that is why you let other people know that you're into crypto, but we don't know what will be the impact for them so better avoid doing it to keep you safe all the time.

Why we should have to tell people? That will be the question in the first place.

I don't think that really matters on the age as he was 14years old and was easy for them to kidnap unlike if you were age is already 40 years old, that is something different? But because Bitcoin is now hot and people will think that you are rich already, I believe it is a need for us to keep silent and always anonymous if possible. In fact, it was not necessary to shout and show on social media that you own 1 full Bitcoin just to make yourself proud coz this will only attract people to get rid of you.

This is not the first time we are hearing about criminals targeting cryptocurrency users who are showing off their cryptocurrency wealth in social media, ironically the first cases i read was also from UK where a family was held at gun point to get his private keys and he was a social media influencer and used to boast his cryptocurrency investment through his social media pages and this was well before the last rally.

So be smart and never post about your investments publicly and if you are doing so make sure you can protect yourself against these criminals  ;D.

Stay low-key!

This is what i do have in mind because if you do brag or boast up about your crypto earnings or assets then you would really be putting yourself in danger or risk
because criminals are really just lurking in the dark and finding out the best or perfect timing on dealing with things.

We know that crypto could give out that probability on gaining big amounts which means you are a good target and able to holdup or kidnapped
just to get your assets.

Never ever share up that you are dealing with crypto because you dont know on whose looking on you.

That's the obvious truth, I mean way back 2017 where we have a massive bull run and many individuals making money and then telling it in public? It's like they are inviting criminals to their home and perform a $5 wrench attack on them.

So as crypto enthusiast in this current bull cycle, we need to keep mum and low profile in the public and not tell anyone specially people that you don't recognise personally.

Having Bitcoin and also having money in cryptocurrency means -> just shut up and act accordingly. Not to boast about showing off our assets, especially in a virtual world that is accessible to everyone.
Maybe there will be people who don't like it, hackers are rampant and are waiting for our carelessness, and so on.

Just work as we love to do, trade and invest in cryptocurrency as we can hold it, not for telling other people nor show off it in public.
We are working and making money for ourselves and our family, not for other people's judgment.

I can agree with this. I know that many people like to brag about their achievements, including their crypto assets, but that is by no means the smartest move. You never know who might be listening and what intentions they might have.

Same here, in our country, if I say that I owned bitcoin, people would assume that I'm rich and if they think that way, I already created a risk that my life would be in danger. It's better to keep it a secret and continue working and investing peacefully as we need that to continue to experience success in our venture in the crypto world.

Better to say that you have money in the bank than saying you have bitcoin as bitcoin is precious as gold, they'll assume you at least have 1 btc which is worth millions in some countries' currency.

^ You can do this like other reach people or influencer people who keep talking about BTC and their investment and there is nothing we can do with them.
Reach people can buy or pay their security to avoid those who had interested in your asset or any valuable assets and BTC belonged to that list.
We should be careful of anything that we tell online, this will probably put us in danger once they know about your asset. I would rather choose to be silent than rub with someone.

Even without been told, we are meant to know that we are supposed to be extremely careful of exposing the status of our bitcoin we have right now, even from when bitcoin have not been shifted or accelerated to this level of price, on my own even though i have five bitcoin (5BTC) i will not let the public know about it's existence, because in my country bitcoin is not yet legalize officially and their are lot of restrictions order towards it.

So from my views the only people who are meant to expose their bitcoin to whosoever they wishes, is those who  from countries that bitcoin is been legalize and adopted fully without a doubt, but that shouldn't make us to rely or depend on government legalization of bitcoin, because it come to my knowledge that soon criminals will be desperate to trace whosoever that have a cryptocurrency especially bitcoin, and if they notice someone that have huge amount they will be force measure to uproot it from the person with abnormal conditions.

IMO this is one of the arguments against widespread Bitcoin adoption, because security against such attacks is one of the reasons banks became popular. And Bitcoin really does make such crimes easier, because you don't need to meet in person to get money, and you can anonymize it rather effectively. Bitcoin is already the go-to payment method for ransomware, it's only natural it will be such for real world ransoms too.

Telling people to not flash their stash  is a good advice, but there's also no security by obscurity. So this is likely another reason why in the future there will be Bitcoin banks.

It doesn't matter if it's Bitcoin or fiat money,bragging is a sign of stupidity.
Kids and teenagers are going some really dumb mistakes.What if this 14 year old kid is actually lying and he never made any money?His kidnappers would be pissed and we don't know what are they doing to do with him.
I would never admit to anyone in my social circle,that I have Bitcoins.Not even my family.
Not because they are going to tell me the usual "Bitcoin is scam" BS,but because most people can't keep a secret.
I really hate people,who can't keep secrets and people,who like to gossip and spread lies.
There's a special place in hell for such people.

He is 14 years old, kids like him always do something out of mind as we did in the says. He could be just so optimistic and trust everyone around him. But yes someone should be telling him about the danger of showing off you have a ton of money whether in BTC or fiat.

What is important now is that he wasn't hurt and the suspect was apprehended already. The kid will learn his lesson after this.

Yeah, talking about privacy which is very key, it is never okey to publicly declare your assets, crypto or fiat, some people are very found of showing off in the social media, not everyone in social media have good intention, scammers are everywhere, reason why I don't discuss my portfolio in Telegram or ask opinions because too many scanners out there, people should really take security and privacy seriously. He should have a guidian to protect him since he is still a minor.

Especially now when more awareness is being made about bitcoin and people are becoming more aware about cryptocurrency, its benefits and how addresses are somewhat anonymous. You may never know who is attracted to you for the purpose of stealing your coins after you have foolishly shown the world or declared your crypto portfolio. So we must always exercise caution.

It is much better to keep low profile and be safe than to brag to social media or to people that you are earning this kind of reasonable amount of money especially today where the world are still facing pandemic and economic crises. I can't blame also the kid for bragging his earning because he is just a kid that don't have any idea about the consequences, maybe he is proud on himself by earning that reasonable amount on his young age, good to know that he is safe and sound now. This is not only a lesson for a child but for us too to learn from this incidents.

It's is very risky , people should be extremely careful in Bitcoin transaction. I have always have that thought some years  ago when I do buy Bitcoin public because most of the people I buy from then I don't know in person or have any information about them. But now I exchange wallet to buy Bitcoin.

If there is a crime like this we must be vigilant because this is very dangerous for us as crypto users, Many people who want to live a life of luxury but they do not want to try so that everything they want can be achieved, and they envy the wealth of others so they want to seize, if we have a lot of assets then do not like to show off on social media because this will harm us because not everyone likes the results we get, In any case, personal privacy must be maintained to avoid things that we do not want.

If you don't see that then you are not living in a real-world, the world is corrupt, there are bad people and there are good people, so don't trust anyone or never tell people that you got money as you are just putting yourself into a risk of getting robbed. Once they took your bitcoin, it's hard to get that back even if these people will be arrested, so that fortune (if you have) should be kept in secret.

I guess that is the decisive issue here. While Bitcoin is harder to steal, it is also essentially impossible to retrieve afterwards even if you got the thief or robber. For many physical assets there is at least a chance to either find it or call out a reward, but that is not the case for Bitcoin if the robber is slightly familiar with how cryptocurrencies work.

If you have any investment, you need to be careful about your income, especially not share the income in social media because, in your status, all people in your circle can read that. We do not know who the bad and good people are, and if they have a bad intention, they can start doing something bad to us.

It is better we keep it for ourselves and not easily share about the income from crypto or other sources of income. It is one of the preventive ways that we can do to prevent bad people from doing something to us.

For now the crypto world is a hot conversation among the public especially with the current increase in the price of bitcoin then many people are tempted to want to have it including by means of crime as you say the incident that happened to Daniel, if we have a lot of bitcoin assets and altcoins then do not like to promote our assets this will be a big problem and can be a threat to ourselves, Because not everyone likes to see our success in the crypto world because they assume that the results we get are very easy and they don't care about the hard work we do all along, so they want to rob us of what we have from the crypto world.

There are people who are also aware of the dangers actually but are still willing to share how much they have on their wallets like the crypto influencers, I'm sure some criminals may be watching them already with plans to torture them or their loved ones. That dogecoin millionaire could be a target for these criminals, I wonder how safe his neighborhood is because he appears on interviews and shows off his robinhood and coinbase wallet.

Its not worth the fame when after that you are going to keep watching behind you when you are alone walking on the streets or eating in a restaurant.

Generally, people must be careful on what they post and planning to post online. Considering that audiences in the digital world take the information they see online differently, this could spark the interests of those who wants to get what others have. Not everything should be shared publicly because it can cause harm, especially during these times that many people are desperate to survive and thrive.

I wouldn't be so sure if I were you! My father said the exact same thing, but somehow I kept receiving questions about BTCitcoin from his friends >:(

I wouldn't be surprised if most of us would've done the same if we were that young!

Anything that touches the internet, isn't safe ^{[unfortunately]}!

You have a point but initially, the ransom in question was "£10,000" + they needed to make an example of him.

Credit to his mother for having good negotiation skills ;)

What makes you think the next person that they'd share that information with, wouldn't turn out to be the person that would rob you in the future?!

That would've complicated the whole situation on so many levels.

There are still three more on the loose!

I actually do not understand why does anyone needs to yell at public that he owns some bitcoins. It's exactly like you stand and yell I have 1 million dollars in my pocket right now. This can be a good chance for the criminals to even murder the bitcoiners. Bitcoin came to help your economic privacy so none would understand how much you own unless you tell them yourself and of course due to the price of bitcoin many people will try to somehow catch you to catch the bitcoins, I believe by increasing the price of bitcoin we will see more stories like this one.

Unless you're an influential figure with capabilities for bodyguards and such, it would definitely be dumb to publicly say that you are owning bitcoin or at least earning lots of money for that matter. That's pretty much a go signal for criminals and people who would want to take advantage of you to do their own bidding. It's better to be lowkey in things like these because not only will you stop people from doing malicious things to you in hopes of getting on your money, but would also stop unnecessary expenses in the process. Some people just like to brag and be proud of what they have, it's embedded into our systems as humans. Now whether these people do succumb to this pride and be boastful about their earnings is entirely up to them. They just have to bear with the consequences of publicly saying that you basically own one of the biggest store of value assets in the market as of now. Which is hackers, scammers, and people who will be willing to kill you for your bitcoins in severe cases.

They havent realized how cruel this world so yeah those people keep showing off until something bad happened just like the story above , it's not something new that narcism has been quite popular.. its like new addiction especially when it comes to social media shit, they loved doing that show off on purpose to draw attention and get some recognition which its actually not cool but meaningless and moreover attracts distress & criminality.

beware just beware of this little thing .

its true and that's why some people don't admit and keep secret that they are involved in bitcoin investment because it's to avoid things like this. we must be aware that the crime in bitcoin is not only crypto scammers but also in the real life such as robbery, theft or kidnapping. therefore we also have to be more aware and careful. failure or profit that we get from bitcon let only us know it and also don't involve other people in it. it's all to avoid bad things from happening and so that our assets are also more secure.

Really sorry to hear this.
But, this is very risky.
There are many people who have already noticed and known that Bitcoin is something very worthy.
The Kidnapper will think that they can get the private key and get the Bitcoin of the kid in order to get money.

Actually, the criminal that may happen is not only like this. We don't know whether in online words, social media, there are hackers that are watching us. And hackers sometimes are watching whoever who are careless and showing their assets.
That is why it doesn't need to show off our crypto to the public.

That is why showing off in public will not be good as we can be their victim of the crime which we do not know who are. Hopefully, they can protect themselves and their wealth from the criminals and hide it in a secret place. But still, once we are showing off our wealth in public, sooner or later, we can become a target, especially if they know our neighbourhood and watch our lives.

Maybe keeping our investment without telling others will be the best thing for us, especially if we live in an environment that we really do not know. Even that, a crime can happen anywhere and anytime.

From the article:


So did the mother haggle with the kidnappers to get the ransom down to less than 1/10th of what they were asking?  Sounds very much like the kidnapping of John Paul Getty III (https://en.wikipedia.org/wiki/John_Paul_Getty_III) back in 1973, where the tight-fisted grandfather wouldn't pay the ransom even though it would have amounted to a drop in the bucket compared to his net worth.  She must be one hell of a businesswoman.

Anyway, this was a 14-year old kid who obviously didn't know any better than to brag (sort of) on social media that he'd made money with crypto trading.  I tend to think pre-teens, teenagers, and even some older people don't realize how dangerous social media can be if you post the wrong thing, because you never know who's reading what you're writing.  I kind of wonder how much he made, though I'm sure it's probably never going to be revealed.  Seems like everyone is getting rich with various crypto-related endeavors, and apparently that even includes teenagers nowadays (though as I said, I don't know how much he made).

At least the kid is all right after that ordeal, which I'm sure must have been terrifying.  As far as the sentence goes, it didn't happen in the US, which has the highest incarceration rate in the world, so I'm not sure what everyone was expecting.  The kid wasn't seriously harmed and didn't lose any money, so how would you have it?  A life sentence?  Hopefully the jackoff kidnapper will do the entire 4 years.

It's better if we have Bitcoin in small or large amounts, it's better to keep it a secret, not to have been exposed to the public because it is vulnerable to criminal acts that stalk us. Better to stay calm and don't show off.

I agree with previous answers that it is not safe to the same extent that it is not safe to say that you have money or other types of financial assets, such as gold, etc. Surely years ago, when Bitcoin was more unknown and worth less, one could say one owned Bitcoin without people noticing as much and therefore if attracting the attention of criminals. But today, at $60k in price, on the way to $100k, it is very dangerous. With the difference also that the thief needs you to get them: if you have gold, the thief will take it if he finds it in your house, but your Bitcoin, the thief will need you to actively transfer it to him, unless he finds your seeds. And if you happen to have it in a multisig wallet and you can't transfer it even if you want to, I don't think he will react kindly.

yes things like this from a few years ago also exist. robbery is not for physical money but for crypto. of threats. kidnapping and forced confiscation. which is for sure because it is too vulgar in providing information on the property owned. can become targets for crime. people should be more careful to provide any information on the internet, especially about finances and any assets.

Not only crypto, I think any personal property as well. We should not brag on social networks, it will make scammers and criminals pay attention to us, even endangering our lives. Sometimes that bragging also interferes with your daily communication, not everyone will be happy when you make money and congratulate you when you are richer than them. So we should keep it to ourselves and not make it public when it's not necessary.

safe or not have bitcoin depending on the person who keeps the bitcoin. silence and save is the power to own bitcoin without any disturbance. I suggest to always be vigilant because the crypto market is increasingly being recognized by the public so you must be really vigilant to secure these crypto assets

Either fiat or crypto, its not really safe to publicly announce what you have, how much it is or how you able to do it.

Your life might be put at risk because we dont know the mindset of other people, those who are envy or having a hard time in their lives might tend to do bad things towards you.

Thus its better to keep it to yourself or with your family for your security.

Agreed. There's a lot of private information should we handle and keep it save. We don't know public and we can't handle it. Like a lions roar, It's totally liar there.

Keep our data, information, and any privacy related wisely.

What a terrible story, at such a young age. It's the same for me, why should strangers know that I own crypto currencies? It's like going around and telling people you have a lot of money on your bank account. We should be more careful when it comes to money, because we don't know in which desperate situation other people are. Hearing about a lot of money can create the weirdest ideas.
I am in general not an open person when it comes to money, this might be because of my upbringing, at home we never talked about money. Also in my culture it is not so common to speak about what other people earn at work and how many assets they have. Now I only speak with my closest friends and family about money. They know I make some money from poker and invest it in crypto currencies.

Nowadays, it's really dangerous to let the public know that you have a huge amount of money in the bank, in crypto or even any thing that has a high value. Because every time you flex your luxurious things and hefty amount of money (may it be physical cash or screenshot of your e-wallet's fund) it attract people with bad intentions.

For some, it will be inspiring and motivating to work hard to achieve the same. But there are people that don't want to achieve it the hard way, but the easiest way possible. Hence, they resort to bad tactics such as stealing, kidnapping, and even murdering. There are a lot of news about those kinds of incidents, not only in crypto, but as a whole. Bad people are attracted to expensive things and everything related with money. They would do desperate measures just to get what they want, whether that would mean to risk their lives.

Stating those, it's really best to keep lowkey. It's okay to flex sometimes, but also know your limitations. You should not let the public know about the supposedly confidential matters about your life. You are responsible of your assets, so do your best to keep it safe from the eyes of the potential persons to take it away from you.

With the current price of Bitcoin, I believe with what the OP has said.
This is the main reason too why I'm not saying to anybody the amount of Bitcoin that I'm holding (even though it is just a small amount). Publicly saying that you have a reasonable amount of Bitcoin will lead to threats and even kidnapping like what happened to the kid.

Even though there are some who knows that I'm holding some BTC, I'm not saying the total amount. Bragging your holdings online will not benefit you so just be silent if you are holding some especially if you hold a huge amount.

The title of this thread is definitely misleading. The public statement dedicately about owning bitcoin has nothing to do with your safety. If you state that you own 10 thousands of USD, it can create danger around you and probably you'll become a victim of crime, it depends on your relatives and the neighborhood. Most likely, in poor countries you can become a victim of crime if you state your budget/capital in public.

And this child... Parents must control their children, this is just 14 years old kid who has no idea what he is doing and probably was thinking that he would appear cool for stating something like that. And people who use this kind of situations are just an useless humans (if we can call them humans).

Anyone has to control their emotions, are they rich (I am talking about adults at the moment)? You have to either hide it (which is meaningless) or upgrade the security of your house/family members.

I guess showing off on social media of your assets , possessions and confidential information  is never safe and would attract unnecessary attention ,
but if instead of showing the possession of bitcoins if he had posted for any other asset or gold it would have attracted some attention too , I just wanna add that people should be responsible about the stuff they share on the internet and be more careful and cautious .

its always good to be a anonymous even you owned huge amount because these kind of asset isn't really safe because you don't know what will be the situation of crypto in your country since most people don't see it safe for everyone to be involved., and yes if you really care in your private information in the first place probably you will not bragging that you own crypto..

It is not a good idea to brag in the first place. Boasting and pride can destroy anyone and that is what has happened to the kid. Why just that kid alone when we have so many of this people who brag about their riches on social media. It is a pity he got kidnapped, maybe England is not a secured place anymore. This is also a lesson to all those who have the habit of telling others about so much bitcoin they have even when they are lying about it.

That makes complete sense. Social media is a vast platform and it has become relevantly easy to identify anyone's identity through these social media platforms.
It is of more risk if the person disclosing their crypto assets is a well known personality on the social media.
The risk of physical harm, kidnapping, theft etc.. becomes more easy for the criminal than to hack in their way to the persons wallet.
These kind of activities generally happen when the person is holding large amount of assets.
Only a fool would brag about his wealth on the internet.

the problem of society is exhibitionism, if we look at social networks for example, we easily realize that people are constantly posting luxuries to attract attention... when the person is someone almost anonymous, who prefers to have more privacy then in the community where they live in real world starts to be seen as suspect by neighbors, this creates pressure on people and for this reason many people when they have something immediately are showing off to show society that they also have something.

of course it is dangerous for someone to say: " I have X bitcoin knowing that 1 BTC = $60,000 "

but eventually they will ask the person: " what do you do for a living to make money? " the person will have to say, the point is to be smarter when it comes to security and who to talk and deal with in the real world

I know how eager it is to declare your crypto assets. Sometimes I get too excited that I just stay indoors so I don't end up telling people how excited I am. Announcing to everyone that you're a bitcoin holder basically puts a target on your back and everyone will start wanting what's yours. Desperate people won't mind if it requires you to do the transfer or not.

back in 2012-13. saying i had my hoards was not that big a deal. it was only a couple $k
but now even if i down play how much i have and just say i mess around with 1-2 coins. it perks up soo many ears and you start seeing people try getting a little too interested.

i resorted to just saying "international currency trading" it solves many conversational issues. you dont have to sound/appear as a 'nerd' explaining bitcoin. you dont have to make it sound like you have wealth. you dont have to going into huge detail.

if i get to know someone and they want more detail. fine. but i dont do the same initial conversation about how i make money as i did 8-9 years ago.

heck even on this forum i have never actually admitted exact value i have. and no one needs to know, and no one should be asking

Stay lowkey and you should be fine because those people who are experiencing criminality is to those people who cant really avoid on telling on what and how many they do own.

Thats why it isnt surprising that they do really put theirselves into danger thats why you should really be careful on opening your mouth because somewhere around is really hearing something.

Dont tell out your profits or on how you do make big money and just continue to invest and do what you do so that you wont really be in danger.

In short, just mind our own business. There's no need to brag or disclose it to social media about how you are doing in crypto or if you are into crypto. Better keep it to yourself. You will find out that you will have a peace of mind dealing with other people if they don't know you are into crypto. Some people are just going public just to feed their ego, boasting it to social media that they know crypto. But if you are here long enough, you will keep silent about this.You know better.

clearly in the subject of the saying: "money loves silence," I know several bloggers who also disclosed their accounts until they were hacked and all the money was withdrawn, or such stories happen to miners with farms.It is better not to spread out about your income.

If you have done this before like 10 years ago, nobody will give you such attention and might say you are a crazy person but for now, at this current price, NO, you should have to keep your mouth otherwise someone get some interest and will take it from you.
That is something different these days, it is not secure anymore to keep it in public, even the thieves don't get you this but the government or the authorities will seize it from you especially when it was not legal in your place. For me, it should have to keep quiet and make anonymous as long as we can.

The guys always joked.. saying that your bitcoins are just as safe as the gun being pushed against your head... and this is very true. It is safe, if nobody knows about your coins... but once people know about it... you are basically marked as a potential target for hackers and thiefs.

I do not know if anything can be done to protect you from a personal (physical) attack.... other than you hiding the fact that you own a lot of coins. I had a suspicious burglary a few months ago, where they ransacked the house... looking for something, but fortunately nothing was stolen. (I do not keep any bitcoins/paper wallets/private keys etc... at home)  ;)  

This is a quite unique case considering that they are definitely after bitcoin from the bragging of the kidnapped child.
but this can be used as a reminder for us because bad people always lurk anywhere and anytime.
despite all that I still do not understand the purpose of people in uploading or disseminating their assets and assets.
actually indirectly this is what makes the improvement increase and you are one of the best that is easy to find when deliberately spreading both gibberish or eg images and so on.

Some people are really proud on saying into someone or publicly on what they had attained without even thinking about the possible risk that lies ahead which in case things do happen then
thats the time they do make out regrets and do really learned a lesson but eventually we could really avoid these kind of events if we are really just keep quiet and continue
your crypto journey and profiting without the need of saying everything in public.As always, Bitcoin is the main culprit again.  :'(

It's unfortunate for the kid, He didn't have experience with the world and mostly how people react to those who have money and are vulnerable.

I'm wondering if someone in his family told him to not do any stunt like the one he did. And more importantly on social media with his full address... No doubt it was bound to happen.

This is true.

But when someone I know asks me if I'm in, I'm happy to share what I've been through but I never brag what I've got since I'm also alarmed with that situation that has happened to others.

It's good to keep it as a secret but if there's someone whom you trust and it's fine to you, tell it freely if you want to but nobody forces you in doing so.

it seems that being too open and showing off one's wealth is becoming very dangerous at this point. Well, maybe those bad guys have been watching his activities for a long time, and kidnapped him when he had the chance.
however, I also thought not to flaunt our wealth in public. We don't know what the bad guys out there are thinking. maintaining privacy can also be something that keeps us safe from bad people.

This is true. Don't be too confident to share it to other's especially if you don't totally know them because we don't know if what will be playing on their minds after knowing we own bitcoin. It is too dangerous to narrate to people that you are involved in crypto industry. It's better to not show unto them for you to not receive threats like you said. As much as possible it's better to not expose ownership. However, social media was too popular right now that's why we can't just ignore it, as we can see most of the people who hold bitcoin are too proud to tell the whole world that they own even just a little. They must be careful because evil acts might always monitor them from all direction that they are not aware of.

for me its not threats or kidnapping.

it was more of the female gold diggers and male 'buddy i need a favour'.. basically people treating you as their way of getting free money by sucking up to you as their best friend.

certain people think you will be the one buying the rounds of drinks, or be the person to give them buddy loans that are interest free with no repayment commitments

i never publicly blasted out to random strangers what i do, so not an ego thing. but you definitely notice certain people you have previously associated with change their persona towards you once they know

I don't think that it was ever safe to make a coming out like that, people don't like what they don't understand, it makes them curious, but you never know their reaction, so simply say you're an accountant ;D

People also don't like it when others succeed. I'm not sure why, but I've noticed that if one of my friends gets a new car or other new possessions, they mock or bash him about it. When it comes to starting a business, they don't think about others; they only think about themselves. Right now, the best thing to do is to keep quiet and keep your head down. Previously, many people would be pleased if you shared your accomplishments, but now they will begin to criticize you.

Therefore we must wisely use social media, because many criminals use social media too. Not all things are good for us to share on social media,
we must be able to limit which things are allowed to be shown to the public. Especially when it comes to wealth, it can attract the attention of
criminals. With Bitcoin price already above $60k, that's a very high value. So for people showing off that they own Bitcoin, it means they are
indirectly telling the public they are rich. Of course this makes them the target of criminals, especially now that the global crisis is still happening,
make people look for shortcuts to earn money. So in some countries the crime rate has increased since the pandemic. So it's better we don't have
to show how much Bitcoin we have, or don't even look at the profit we make from trading on social media, it's very risky.

I think someone already posted this kind of problem where when someone is bragging about his crypto assets, those evil guys will find some way to get him especially when they are in the same country. Just like what happened to these guys, they are a victim of their own mouth because they cannot shut it due to wanting to get some compliment from the people.

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

Looks like the data is updated as well, you can put it in the first page OP to lat everyone aware of what they gonna get if they will do the same as those people on the list.

It's absolutely bad to flaunt one's wealth. What's the gain in doing that, come to think of it if not to intimidate others. For me, only those who are in showbiz can flaunt and it's justifiable because flaunting in a part of showbiz. Otherwise, there's no need one letting others know about one's bling bling.

That kid's life won't be the same again. It's scarred for the rest of it. That horrifying trauma of his kidnap will perpetually be there in his subconsciousness to torment him. I'm sure his sleep will be nightmarish this day. Again, there's likely to be repeated attempts on him now that people know he's worth something; except his parents are able to provide him private security. It's just goodbye to childhood for him. He may not be able to lead a normal hassle free life of children again.

Four years is a slap on the wrist for such a heinous crime.

Having a crypto investment now needs more attention for the holders, and it is not easy to share what they have because that can attract people's attention. The bad people can do many things, including kidnapping those who have crypto until they say where they keep their coin and transfer it into the kidnapper's wallet. That is your investment, and that is your responsibility to protect your funds in a secret wallet. Do not let other people know where you keep your coins.

Having bitcoins or a full-time trader isn't something to brag about publicly, because evil minds nowadays are already lurking almost everywhere and worst they are the ones whom you know or a relative. So in order to secure yourself and keep your family safe it's better not to boast about it or even share a tiny detail that you're on bitcoin doing trading and stuff.

If you can't bring yourself in that state, it's better to relocate somewhere else where nobody knows you or anything you do. And install cctv or hire somebody if you can afford.

Such crimes are indeed very prone to occur, because the target of criminals is directly at crypto users. As owners of crypto wealth, we must really maintain our identity and do not share our public addresses.
Cryptocurrencies are very transparent and no one can hide, all will be recorded. therefore, do not include your real identity if it will be dangerous.
Keep the private key safe and don't share it with anyone except trusted people.

Well, you're somewhat correct but it isn't safe online as well.
Someone getting your email and sending you fake wallet links. Forget about fake links you search on google "blockchain wallet" and the first few results are fake wallets.

I remember this incident occurred with EtherDelta and Blockchain.info wallet not it's Blockchain.com

Getting scammed are typically the result of those common human behavior on which we are really fan on  clicking and downloading things online without
even knowing that you are already gradually been hacked  which it do really plays a big role into yourself about having that common sense and awareness on dealing up with things.You wont really be easily scammed if you do really make yourself mindful about being realistic on things
and wont really be making yourself blind about probabilities.

we don't need people's acknowledgment that we are involved in the crypto world, so it's better to be silent and not reveal about ourselves who are members of the crypto world to ordinary people. I think it's safer because we don't know other people's intentions, so to reduce the bad risk it's better to just keep quiet. don't forget to also keep our data about crypto safe so that other people don't know about our personal data such as passwords or other things related to our assets.

This is so true. Announcing to people that you own bitcoin is not in any way safe. No matter how small the quantity of BTC I possess, I can't do it, for what?
Bitcoin is a digital store of value, announcing to people that you own it is indirectly telling people you own money, putting risking your live and your funds at risk. To me, my crypto asset is my money and it's always kept secret.

Perhaps, getting known to the public that you hold Bitcoin is not making you proud but it encourages scammers and hackers to track your keys/password. I guess keeping anonymous in the public is very important especially this crisis time to avoid such unwanted things. Being bulgar to the people around would something it gives some awareness about crypto and help them also understand but somehow, it also compromise your safety knowing that we don't know the mind of the people around and we have to anticipate those things before it happens.

If you live on unsafe place or country and knows about how that things work well maybe you can say that but if you are in safe country which doesn't know yet the bitcoin technology then we can say your safe. And also why the heck you can say your not safe for telling that maybe for tax matters? Since if not well how the neighbors stole your holdings if you didn't hold anything physically? Also they don't know where or how did you store your bitcoins so we shouldn't get paranoid about this.

It seems alarming because plenty of cases are there. if we lose money or gold we can complaint to police or somewhere but in the case of crypto we are helpless. Because,

   Is not have any legal backing and
 
   Is decentralized

 so we are the only person who is responsible for our crypto asset. That's why public speaking or discuss with anyone is really dangerous and should aware about the consequences we face.

With the way things are going now, I believe is a very bad idea broad casting yourself which their are lot's of criminals that will be after you, in my country right now if you are having money is better you keep it to yourself because you will be monitored and your life is at risk, I don't think is of use you telling everybody your worth. For like me now people that knows am trading if they ask me how profitable it is I always tell them I don't have money but am just surviving so we all have to be careful.

Sounds too dangerous for all of us so i don't want anyone to know i am a crypto player and have a decent amount of money from playing it my mom always told me she told i should not post on social networking sites to let many people know we have a lot of money because this is very easy to be taken advantage of or people with bad intentions will find us like a child's condition 14 years old is very dangerous now. I hope the innocent boy will be released and safe from the kidnappers.

I agree with your thinking. Today's world is getting crueler, especially in economic problems that are not good. Money is usually the main problem. Bitcoin is high in value and can make someone rich, therefore you need to be careful in your attitude. Many people are hunting for Bitcoin today, therefore, some of them are willing to do anything, even crime, to have it. Therefore it is better if you do not indulge in indulgence if you are incorporated in cryptocurrency, this is better.

Bitcoin is very precious and has a very high value for now so if anyone knows you are keeping bitcoin, you might be in danger later on. Criminals will never sleep thinking about this and they will surely find ways how to get that bitcoin by hook or by crook. So if you know you are holding bitcoin these days, better make yourself anonymous and never tell someone or publicize that you are storing bitcoin in your wallet. That is if you still want to live more, better keep your mouth shut.

No need announcing  publicly about you having some bitcoin for sell or you need to buy some bitcoin. There are lots of exchange where bitcoin can be bought and sold at your favorite rate. It's a harmful and risky by looking for to do exchange with publicly. Bitcoin is so easy now to get in a very safe way.

When it comes to bragging about what you have on public platforms ,I believe this is not only a red flag for cryptocurrencies but even in real life this could be inviting trouble to yourselves. Maybe people who talk about crypto in such a manner are doing so to provide proof and help others believe and not look like it's mere speculation but if it comes to personal safety let's try to limit what we bring out to the public as not everyone will accept or agree with what we do.

Bragging publicly is not advisable but it is also a self choice of a person if he would going to show his asset in public or not. With the current situation of the worlds economy exposing your asset publicly will only give a reason for you to be threaten whenever you're going to go outside of your home. This kind of scenario is not really only a red flag for crypto but in all aspects of financial aspect of a person like fitas. SO it is better to keep it privately and let other people know nothing about your asset.

Having a crypto business does not need to be told to anyone, including on social media, because it will provoke criminal action. It's better if we just tell family members, of course social media is an unsafe place for various things including talking about Bitcoin business income. We recommend discussing Bitcoin business in this forum because it is a safe Bitcoin discussion forum. With this incident, we can be more careful with the Bitcoin we have and store it in a secure wallet.

Would you say its been going on for some time now?  Even back then I wonder why would ppl talk about it so freely etc.

I don't think this issue solely pertains to Bitcoin. Who would go on the streets and call out publicly that he or she owns a shit ton of jewelries or valuable watches? Or who would say that they have a bag of money in their basement? I think it is much more basic than saying that claiming to have Bitcoin is dangerous. I would just not brag about my wealth or specific possessions in general.

Bragging any wealth or asset in public specially in social media even if it is not about bitcoin were not necessarily advisable but it's a person's choice if he/she would like to brag his asset. But I believe that no one wants to make it in public because of the possible threat that it may give to a person. However it is undeniable that owning bitcoin could be a good measure that a person has a wealth that they kept in and due to the fact that bitcoin is now known by many and they know the value of this token it is indeed make sense to make it private.

It's very dangerous to announce your bitcoins or any assets on social media because it will be treat to your life and your family. Money/wealth is a temptations to others especially to the bad people around. If you have a lot of bitcoins or money just keep quite and don't announce it to everyone. It will bring you and your family in danger. So, be careful!

Becoming rich itself has such risk but anyone in this world don't want to be rich such because they are afraid of some threats for them. Well, it depends on how rich we are as well and our status in the community, if someone isn't that much rich but if someone find they received lot of cryptos in somewhat ways will be the potential victims with such threats so when the money comes its our responsibility to protect it safer.

It is not just about Bitcoin, there has never been a time that it is good to brag about assets that you own.
As an investor, it is always good to  keep everything you are doing to yourself and not reveal it to your friends or anyone, except people you trust very well.

There are lots of people who are wishing you bad, but you wouldn’t know this. So, that’s why you shouldn’t be talking about things you own or how much you have in the public, because making such statements is going to make you a target for them and get you into trouble. This is not the first time I have seen or heard a story like this, there have been one where someone was robbed of their Bitcoin. So this is nothing new, you have to always be careful about it.

Man, it really doesn't make sense as to why people go and brag about holding crypto currencies despite the situation of the world right now. Even if they did not know that crypto related crimes are increasing, it should be common sense that tells them how stupid it is to flaunt your crypto currency assets when many are trying so hard to get their hands on these assets since some are desperate due to this pandemic. Specially when you own a bag that has a considerably huge value in terms of usd! I hope no one ever follows such bad examples. I'd really hate for it to hapoen to anyone.

Sounds dumb but there are actually people whose like this on where they do really likes to brag their holdings without minding if theyre on public or simply with the crowd.
They would only just realize that things that they've been doing was wrong  when theres something happened to them  which is really always be a main scenario on these kind of cases.You should think off about your safety or security because you dont know on whose behind you and just hearing off on what you are saying.
If they do know that you do have money then automatically that sparks out criminal interest or intent.

If you come to think of it, even if you are not holding bitcoin, its not still proper to brag what you have because people will only see you boasting around, and that will create negative remarks on you. So how much more if you are publicly saying that you own bitcoin. You are only giving hints for scammers and give them chances to make crime on you. I suggest to keep it private especially that it has higher value than fiat so expect that anyone would be tempt to steal it from you even if we know from the start that it would be very impossible to steal a bitcoin.

You totally make sense but there's no reason what so why anyone will brag about having something or money because before he does someone else had it before him. Why the brag.
The topic reminds me of a friend that kills his best friend because he wanted to steal his Bitcoin holding so it, not security advice to publicly say I own Bitcoin either online or offline.

Do you know some people who are new to doing new things?
Have you met such persons ever? Then you may realise what excites them to flaunt their holdings of not just crypto, anything they buy or get (to learn) new in their life. Some people have the habits of sharing everything, which is not good for their personal life because they do not like to keep secrets and it turns to be dangerous sometimes for them. Getting a bag full of USD snatched away by thieves is not a mistake of that person as he didn't even tell anyone about it, but the awareness of scammers as they knew that the guy is holding such thing. So sometimes, even if you don't brag about your holdings, scammers try their tactics to find out about you and then they attack you with a plan.

It's definitely not safe for a bitcoin holder to expose his bitcoin holding on the public because that will only result into making a crime. Just imagine how hard today to make a living and there you are, flaunting your expensive asset so expect that anyone will get interested on it and might think of making an action how to hack your own account. Things that are of high value should never be announced in the crowd. That is if you want to live safe and out from troubles. Think first its consequences before doing it.

it's true that we should be able to protect our crypto assets and not be too exposed because we don't know what someone's mind is like. Although blockchain technology is a safe and protected technology, we still have to be more vigilant and careful. actually not only in the crypto world, but in other businesses we also have to be careful with our wealth because when talking about crime it can happen anytime and anywhere. use the crypto business properly and appropriately because we still need privacy on our own crypto assets.

We should always see to it that we remain private as well as all of our assets as much as possible so other people cannot interfere and will not have any insights on our own personal information. Well, its not bad to brag sometimes assuming that you can somehow inspire other people but when we talk of bitcoin, its better to keep it untold and keep it private just how most of the early traders deal with their bitcoin assets and investments. Better to keep it yourself than lose and that would make you feel so desperate when it happens.

Just like on my situation on where i do still remain low key but do end up on having lots of questions around my neighbor since i had purchased my own car and house with my crypto earnings.

There are really situations which cant really be avoided even if you dont tend to boast up your holdings but still it could really generate out questions
on people who had known you.

Therefore you should really make yourself prepared on different possible situations might happen.

Normal reaction for people since they see that you bought something valuable and they try to ask what is the source of your income since they want to have that to, but one piece of advice maybe you should higher up your job description so that they will not think that you do illegal things online since sometimes we can't deny that there are other people think about your dealing something bad that's why you earn fast money on internet.

I had a friend too that is the same with your situation so what he did is he indulge in other investments that can be visible by his neighborhood. In this way, though he's been criticized on how he has been making a luxurious life when in fact he has no stable income, at least this time he has other solid bases how he had achieved his present way of living.

There are a lot of assumptions that can be made when you become suddenly rich but as long as you never announced it on public, and you remain to be a low key, that's fine but just be careful all the time as someone might get jealous and want to steal what you have right now.

As with what happened in the story with the 14 years-old boy,

The danger here, with cryptos, of making yourself known by holding some, is that is just like you holding cash money,, or in more dangerous way; the police can still be able to to recover cash from the malfactors, find it in their possession..
with cryptos, even if there's to be proven they holding it, the malfactors can choose to not give the police the password
Some factors that would give more motivation to raiders to take action ..

If you mention the nominal or the amount, it may be a trigger for the crime. Or implicitly, you have invested bitcoin (not to mention the nominal) with a full view of luxury, for example while on vacation or wearing branded goods.
I've said that crypto opens up more opportunities for transnational crime. However, I have never heard of a violent crypto criminal case like the OP's case in my country. Only fraud here that happens a lot.

Bitcoin is becoming more and more valuable and those with bad intentions will know it too. But looking back on the matter for a moment, what the hell kind of place are we living in. We're scared of the very things we're trying to create, actually looking at things more lightly because a lot of money is always dangerous :( that's really petty envy. It doesn't change anything when we live in such a society.

in my place, people will ask more about crypto if you tell them that you own lot of bitcoin, some of them will judge by their knowledge, or want to know more, or just pass it.
in some country, you need to hide what you doing because they will make eye on you, like you are the gold, for them. and crime increase because some people show about what they have

Most of the crypto enthusiastic that publicly displayed their wealth is probably due to youthful exuberance, a matured and reserve crypto hodlers wouldn't exhibit such a irresponsible behavior just like the referenced 14 years old kidnapped boy in England, personally I am in to cryptocurrencies but I never expose myself publicly except to some few close confidants who I had earlier introduced bitcoin to but ignored my advice, earning or hodling bitcoin ought to be anonymously and whatever profits earned should be invested in another business without any noise and unnecessary displaying of wealth to be on the safer side.

Although bitcoin has high security, if published, we can become targets for bad people. Social media is very dangerous because there are many people we don't know that they are good people or bad people. I feel lucky because I'm not someone who likes to share things on social media.

Indeed. There's a lot people who are greedy and being happy even they did bad things to those people for the sake of money. It is not safe anymore saying in public that you own a bitcoin since bitcoin is becoming more and more valuable. Money is very needed this time because of pandemic that's why it's too dangerous spreading information to the public especially to those people whom you don't know.

Hopefully, we will have GPS trackers (that can harvest energy from radiowaves: to perpetuate their autonomy) - smaller than a grain of sugar - inside our bodies, able to send signals to the internet.
We already have them, and we can put them inside pretty much anything that can be stolen: like a piano, a TV, a tablet or a motor-bike. I want to live in a world where everything is being tracked to the clouds at all times, and where everyone's voice and biometric signals (including pupil dilation and Galvanic Skin Response) are being recorded and analyzed.

Even if you haven't mentioned any amount, it is still somehow going to lead to a crime of any sorts you can imagine just by imagining on how much Bitcoin costs now even less than a whole. When you say that you are holding Bitcoin, people would think that you own more than a dollar obviously.  I don't even tell some of my relatives that I hold Bitcoin, because surely they'll be expecting me to be like a rich moron.

Displaying or bragging about your assets publicly will only attract criminals. Some things should be kept in private for our own security and safety. Being low-key is the best thing to do so we could get rid of people with bad intentions. It's better to grind in silence than be boastful of our achievements.

Say that when you're going to be under a "The $5 wrench attack" (https://bitcointalk.org/index.php?topic=5112748.0) when you lonely at your home !  ;D  ;D



But why the internet? why not just a simple personal system ?

this is a consequence that must be accepted when people who are showing off their assets indirectly there will be people who even target them for personal gain.
on the other hand this is indeed a careless move from an investor or trader, they will indeed look good in their environment and be labeled as successful people on the other hand it is like they are digging their own grave

In my country not only criminal, but government who search people and ask for tax usually came too. I think people don't need to show his wealth because it can attract bad thing more than a good thing, it is good to do self reward, but maybe we should know if in social media, not only people around us but there are a lot of others that can see our life and we must protect our personal thing for ourself only.

This. Exactly this.

Its like walking down the street with a suitcase full with millions of dollars.

Some people really are way to naive and seem to be living in some fantasy world where everything is rainbows and nothing can go wrong. Bragging does nothing except give birth to jealousy and envy. Nobody is impressed by how much money you have, so why brag?

I’ve seen a lot of my crypto Facebook friends who are bragging about their exact Bitcoin (and other crypto) holdings in public. Some of them would even say “not to brag, but to inspire”. But of course me and the others can’t stop them from bragging, coz’ it’s their choice and they will be paying future consequences later on.

Like they are saying “All thanks to Bitcoin, crypto, etc., I’ve bought this land, house, car, etc.”, something like that. It makes them easy targets for criminals.

I also knew one Facebook friend (which actually just a social media friend and not a real life friend) who keep bragging about her earnings was victimized by a holdup. She was beaten and had bruises in her back. They took away her wallet and other important stuff.

It’s pure common sense that we should not be publicly disclosing our earnings on Bitcoin. Not just on BTC and other cryptos, but in any other way of earning. It’s better to stay low key as much as possible.

Your wealth is for you to have a better life. Not everyone should know how much you own. Especially in the case of Bitcoin, you should take care more.