Bitcoin Forum

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.

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.

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? 

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.

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.

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.

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.

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.

I fully agree with this piece of advice, even your friends can betray you

I find it strange that some people share the amount of Bitcoin they own with friends or relatives, hoping to encourage them to invest or teach them about Bitcoin. Their reason is often that they don't feel confident teaching about it without a demonstration. However, this is not an appropriate way to handle confidential assets. Revealing the amount of Bitcoin you own to other people is not advisable.

It doesn't make sense to make people know the amount of bitcoin you are holding for security reasons. If I am teaching someone about bitcoin, no matter how close the person is, I will never use my main wallet to teach the person about bitcoin, I have a wallet with i have no bitcoin in it, that's what I do use to explain about bitcoin to people I know. Don't think that because you are close to someone, you can tell them about your holdings, it's not safe to do that, the amount you hold should be known to only you.

I have seen a lot of posts like that on the forum here, most of them will make a screenshot of when they are purchasing bitcoin, and they will decide to post it here, which doesn't make sense to me. I am not against posting that you purchased bitcoin and you are planning to encourage other people, but when doing that, always make sure you blur the part that is showing the amount of bitcoin that you purchased, at least nobody will know the amount of bitcoin that you are holding.

I'd take it to the next level and suggest to stop talking about Bitcoin with your friends in general. It draws unnecessary attention. Malicious people don't need to know the exact amount of bitcoin you have, as long as you're into it (well, unless you have quite a lot!). If you know that they know you own bitcoin, you should regard yourself a target, just as with owning any other financial asset, like gold, jewellery, stocks.

That doesn't work if they don't have a decent amount of money in their bank, I can assure you!  ;D

This is tricky because people will often ask you about bitcoin and if you own some and I like to talk about it because bitcoin is a part of my life, my hobby, so I want to talk to people and share what I know.
In a discussion it often comes to them asking so you've been around for a long time, how much do you still have, or how much did you have in year X and I want to tell them because it's a part of this narration that we all used to have a lot but we didn't value it as much as we should have.

Anyway, I understand what the problem is with telling people how much you own, but at the same time when you don't say anything it's going to cut the conversation short because most people will feel like you have too much and are afraid to talk about it because you're a millionaire. I had people ask me if they should buy, if I'd help them buy, how much to invest and it always ended bitter because I didn't want to get involved.

It's always a trend to know how much someone owns as that's how curiosity is. But it's true that we don't have to be vulgar with this kind of matter because it's more of a personal info that we shouldn't disclose to anyone.

You're putting yourself as well into danger of being wrench attacked by someone through this disclosure of how much you earn. And much worse about threatening your life and being kidnapped.

People might think that it is too much and exaggerated, no. It's not exaggerated and if it's too much, it truly is because it's about your safety.

I frequently question why someone would try to find out how much money I have in my bank account or how much Bitcoin I own. To be honest, I don't care to impress others with how wealthy I am. Those that easily respond to these kinds of inquiries seem to be looking for public approval or recognition, in my opinion. They overlook the possible harm that could result from sharing such informations.Speaking honestly about our value can make us the target of jealousies and unwelcome attention. Many people ignore this ongoing risk to our security and possessions in their pursuit of approval from others. It's crucial to bear in mind that maintaining our privacy and maintaining the secrecy of our financial affairs can prevent needless problems and ultimately safeguard our wellbeing.

This has been my advice to my people in my geographical environment concerning cryptocurrency investment and cryptocurrency holders you are not permitted to expose the amount of Bitcoin you have in your storage because when everyone know the amount of Bitcoin you have it may lead them to track your wallet or to trace your system in order to penetrate to your wallet or your user, so it is good for you to keep whatever thing you have through a cryptocurrency in secret so that you want to be hacked at any point in time all assassinate for them to inherit whatever thing you have self in your crypto wallet

The increase in the price of Bitcoin is bringing much attention to the sector. Telling someone that you own the currency will bring unnecessary attention. And the issue is that most people are not aware that you can buy Bitcoin with any amount so they might think that you own one bitcoin and above. Apart from some close family members nobody knows that I own Bitcoin.

The only person who asked me the amount of Bitcoin I own is the person who introduced me to the sector. Besides him, I don't think anybody has asked me such questions because they know nothing about my Bitcoin adventure. I have read some sad stories in which people were attacked and even robbed because they disclosed that they owned Bitcoin. I prefer to keep my holding secret so that I will not get unnecessary attention.

People have curiosity about Bitcoin which is very common. But why a person would really want to know about your finances is certainly questionable. Newbie often ask such questions, a person can also ask questions to get to know others can ask such questions to know whether you have bitcoins or not and to get an idea about your financial situation. But as a bitcoiner, almost all of us know how important it is to avoid these questions. Moreover, one of the purposes Bitcoin is designed for is anonymity. In my opinion any question asking about personal finance and not just Bitcoin is best ignored. Almost everyone knows of instances where he has been victimized after informing others about his financial situation. Both knowing and asking about the financial affairs of others should be avoided.

I would say keeping secret of everything either it is your seed/private and your bitcoin holdings should be looked at as part of the principles of bitcoin. I don’t get why someone who actually uses bitcoin for anonymity sake will be flaunting their holdings in the name of social media trends.


To be honest even your crypto mentor or tutor isn’t allow to know the amount of bitcoin you hold, because you never can tell, he might not keep the secret and probably share with others that can not be trusted. So even if a your tutor ask don't tall them about your holdings, they are not in a position to also know that

Most people will criticize and look you down when they know that is your working salary (small). So I let people around me make their assumptions rather than telling the truth about me because people become happy when they see someone below them and get jealous when they know you have a lot of money. Yes, it is better not to share with anyone (even your relatives), keep it secret so they won't suspect you are rich and rob you. We don't need to get their attention but rather think we are poor and empty as it was still fine. They never own our lives, so it was not necessary to tell them the truth.

Whatever assets or wealth you have, own it privately and never disclose it to the public, otherwise people will develop envy and create plans that will attack and do harm you. Ignore those social media influencers wherein they keep bragging what they have, we don’t know actually if they are telling the truth or not, as their intention is to create hype and develop million viewers on their content. Instead, live a simple life, and pretend like you have nothing when you almost have everything in life. That’s the safest option to be always protected in this cruel world.

Ha! I see them a lot in TikTok and Facebook reels. These kids don't know what they are doing, just for the sake of attempting to make the video viral. They even get mad if they are ignored, well, I hope a lot more people will ignore this kind of stupidity because it is d*mn contagious. I've started seeing videos circulating around the social media with the same content and they are from country. I'm also actually waiting for someone who will say they own bitcoin lol.
It is the social media that causes these people to flex their financials and I hate to see it become the latest trend. I'm not wishing for something bad will happen for the people who's into this kind of trend, but it's just alarming because they are like inviting bad people to put them on their on own whitelist LOL!

I agree that it should be secret information about our investment. Telling how much Bitcoin we have, is something very careless way. If we want to make people to be motivated, why don't tell them about the success history of popular people. It is the wrong way to tell a very secret information related to the number of investment or private data about it.

We mustn't feel to be transparent to other people when it is related to private matters. People must be always curious about any we have. They will never stop to ask any information about us. In this matter, we must understand which information that deserve to tell to others and which one should be never shared to others.

besides, being discreet with your crypto activities will give you peace of mind and not looking over your shoulder every time. as there are so many bad actors over the net, you don't know who is lurking about your activities. who knows, somebody is keeping track of all your activities and just waiting for you to make a mistake.

If you don’t want other people to get into you, then don’t try to ask them way beyond their personal lives. And asking like how many bitcoin do you have is not an exception. Bitcoin is an expensive investment and one is supposed to keep it privately and not to share its details to everyone you know. So know what to ask or let’s just say don’t ask anymore if you think that’s already invading one’s privacy.

Now, telling other people your achievements in life like owning bitcoin is like allowing other people to intrude in what you have. You know it’s better to live like a fool and a pauper and that people will think that you are useless and incapable than to boast what you currently have and face danger in the future as we can’t expect that people around will be always kind to us.

Well said. This explains why people are more likely to ask how many bitcoins you have than how much you have in your bank account.
You support them by watching their videos.

Transparency with people must be in specific matters and not in financial matters, private matters, a person's investments, the amount of Bitcoin and other assets he holds, and which wallets or exchanges he uses to hold or trade his assets. These are sensitive details that nobody, whether close or distant, should be acquainted with; we do not know what he will do after receiving these details, information, and transparent answers from the speaker. He may try to target him in various ways and set traps or steal his wallet's security information. Some listeners harbor jealous and malicious intentions, only wishing to harm and steal from others or to spread fear and anxiety in transparent individuals to make them sell the amount of Bitcoin they have to them at a loss. Every person must make his investment private, not public, and not tell anyone the amount of Bitcoin they have, as there is nothing to gain from revealing this except drawing attention to themselves.

I always think that salary, saving, and investment is a kind of personal matter, and it is private. Other than that we have more risk of being targeted by criminal if we occasionally sharing about how much is our networth. If we are not an influencer I don't think there is any benefit of sharing about our investment, even most of the time those influencers are not completely honest about their investments their just looking for engagement.

Sharing about what we own or what we are buying is fine I guess, but sharing how much do we own or its value it's never a good thing.

actually people won't know how much bitcoin we have, IF we don't start discussing what bitcoin is,
However, sometimes we intend to introduce Bitcoin to our friends, but what actually traps us is being asked how many Bitcoins we have
So before being asked how many Bitcoins you have, it's better to save discussing the Bitcoin issue


just my opini

question: How many Bitcoin  do you own?

reply: Can you keep a secret ?

Answer: Yes, of course...

Reply: Me too :)

This is the common question the majority of us encounter, and when I'm asked about my holdings, I used to say that once I had a few bitcoins, but now I'm done with them and I don't have anything left. People never ask further questions because, in the past, my life was completely dependent on cryptocurrency and I was spending a lot of money. Now I don't have any, and I've changed my lifestyle, and people will be noticing every change. As mentioned, we should not say it to anyone, and I've made this mistake in the past. None have stolen or threatened me, but many have said he has big money, and finally, I don't have anything.

Right on this forum, I have also written many comments concerning this issue of sharing one's cryptocurency investment information with others. Even sharing your investment information with your kids when they are not yet adults is risky because children talk a lot, and you don't know where or whom your child will be giving that information to. 

For example, if you told your child what Bitcoin is and also told him or her that you have 100 bitcoins, let's say in school or in a random place, the child is having a conversation with their friends, and he ends up saying, "My daddy told me he has 100 bitcoins and that the bitcoins will make us very rich." If, as the child was making such a speech, a scammer overheard it and decided to start tracking the kid, what would be the end result of such a situation? (I believe we all know how it can only end.). 

I can actually tell people or even teach many people about Bitcoin, which I have been doing, but the mistake I have not made is to tell them the amount of Bitcoin I am holding. Even in my business, I accept Bitcoin payments. Most people ask me what I do with those Bitcoins, and I just tell them that I usually sell them to Fiat, which enables me to buy more goods. But that's not the truth. I still have my strategy, which is why I am able to hold a large sum of Bitcoin.

You shouldn't tell other people that you own any Bitcoin at all, and that means never bringing up this topic ever. But if you already made such mistake, the second best thing you can do is to lie to them and significantly downplay your Bitcoin holdings to the point it won't attract much attention. Because if you try to be evasive and not give any concrete number, people will naturally start suspecting that you're very rich, and I think I don't need to point out all the negative implications of that.

These are indeed personal and, therefore, confidential information. I also don't tell people how much Bitcoin I own. As a matter of fact, as much as possible, I don't even tell people that I am into Bitcoin.

However, there are circles or communities in which you may seem comfortable sharing certain information. This forum, for example, is more or less composed of like-minded individuals, that's why one could be somehow comfortably open about sharing that he/she has Bitcoin and it is kept in a cold storage whose seed phrase is buried somewhere.

I suppose asking the question (how many Bitcoin do you have) is one of the first that comes to mind when engaging with someone that is not familiar with crypto or Bitcoin in general. I do not think that is a very bad thing if they are curious and it is because they probably try to make the connection between it being real money or not.

Slightly off-topic, some people crypto is still something that is not mainstream enough. It is because they have been used to reading stories about hacks and crypto being stolen as well as (the unfairly made connection with) money laundering, that makes some people not learn about the basics of Bitcoin as for them it is associated with crime.

The more you are private with some things, the better and more mature you actually are. You do not have to be running your mouth all the time, and the fewer people know about you, the better. This is not about strangers alone, even friends and families shouldn't know everything about you because you do not know the content of their thoughts toward you and how they will feel about your progress, not to mention what they can do to rob you of your joy.

Particularly about the stranger, though it is unspeakable to be allowing strangers to interfere or have the privilege to know so much about you, at times too, the country you are in and your status matter if we are using social media to judge. Some countries are more secure than others, so telling the media stranger about you based on the question they asked might just be a mere interview. It could bring you into the spotlight but no harm may happen. If not, people would have stopped disclosing such.

But for Bitcoin, I do not think it is good to disclose your worth in it whether it is for media purposes or not. Crypto is a different asset entirely that attracts privacy risk if disclosed.

absolutely agree with OP!
I would also add that it is useless to talk about bitcoin in public/even with friends or relative. Of course for security reasons! 
you never know what our interlocutor might think. “he has bitcoin = he is rich”.
Imagine if you met someone who told you about it when it was worth a few dollars. nowadays you will be sure that he has practically become a millionaire...

The secrecy in demand to keep your owned Bitcoin volume in a private note due to security conciousness is likewise the same of telling out there how much you have in your bank account with the risk of it being that you have the money right there with you. Due to the digital and electronic era of transactions these days, people doesn't look at your pockets or physical wallets anymore, all they needed is to know your networth and so they can take you with a rebelling or any form of harmful manners and then, forces you to make a deal of ransome with with an immediate effects through an electronic transactions.
So, this is to say that the physical finances aren't more attractible anymore before one thinks evil against you.

Telling people amount the amount of Bitcoin you own is even worse because the Influence that upholds owning Bitcoin to the hearing of the public is indeed something attractively different, they literarily feels anyone who deals on Bitcoin is a Big shot worthy of millions of investments to the hearing and sights to the public thoughts.
Limit public attentions in you despites your financial capacities and better safe yourself from dangers or you can minimize the manner of thoughts of people towards you.

You raised a good point that needs discussion, I also watched these videos, and the amazing thing is people are so happy to give away their personal information like it is nothing, only because they will be on the Internet, thousands, and millions of people might watch them. This makes them excited and they throw away the information that might be used to scam them either.

For example, I saw a video in which a person was asking parents (especially the father) about the DOB of his son and daughters, and he was not remembering it while the wife was throwing away each and everything like it didn't matter, the only thing that matter is to make my husband feel the insult in front of camera hey (haha). Sorry if anyone is offended.

I suggest the same, and try hard not to expose what I have even if it make other thinks I am doing a great job, or to make a good reputations in other's eye.

Most of the videos that is like do these things like asking how much they are paying when it comes to their rent are really popular since people just are amazed that they are paying that much for just rent, probably depending on how good the location is, there are videos where they even tour the youtube to there own apartment which I think is fake or a setup because you wouldn't really let someone or a stranger at your own home that easily.

I guess people just want to actually brag on social media for sure just for the views or something like that they would really want attention these days, revealing this kind of information is going to boost their posts maybe.

Personally, I wouldn't really reveal sensitive information just for security reasons for sure, I mean we just don't know what people can do there are also cases of this where people could easily force you to take your Bitcoin or even your funds. It is for sure safe but if it is life-threatening already they could easily forced you to send a certain amount probably to the other wallet and you cant recover that fund anymore.

My friends know that I have invested in Bitcoin, and whenever I meet them they come up with the topic, how many Bitcoins have now accumulated?. My reply to them has been sometimes straightforward and sometimes in a polite manner always is mind your own business. The habit of not disclosing the status of the bank account to everyone should also apply to the Bitcoin wallet. Revealing about your account status in public or to anyone might bring trouble to oneself as you never know what might be brewing in the minds of others.

I don't think I would also have kept such information from my friend, especially if the person is also interested in bitcoin, and it is even more better to always keep your investment in bitcoin a secret because of some valuable reasons, and the investors safety too, because the moment that information is everywhere then you will be a target to people and even scammers, they will look for different means just to hack you and steal your bitcoin and i can share such information with my family but what if you family shared the information with who they are not suppose to share with.

And as an investor of any kind of business knowing what to say and minding you business is a good sign that the person is growing because if you don't learn how to keep your mouth shut then there will be a lot of challenges and that is why some people are still have security issues until now, because what they would have kept a secret they have exposed everything and that way the problem have started.

I will lose a friend if that is my approach to them and will not do that approach since its like disrespecting them. If they ask politely then maybe I will answer them without trying to insult or hurt there ego, but as always I will not disclose any figures to them and will just say just have few chunks so they will not ask more. I know its hard to tell anyone about our balances especially if we hide huge amount in our wallet since we don't know if we can still trust them if those people know that we have a lot of money hidden on our personal wallets.

Revealing our account in public might really be a dangerous action that we do that's why its highly been discourage for anyone to do this so that they can assure their safety. Also I always believe that staying at low key life can lessen up the risk to get personal problems related with our BTC holdings.

I've never actually read on this forum someone saying how much they own. If they do, it's an estimate, and 90% of the new posts here nowadays are all fake stories. Influencer clickbait nonsense like "I got my friend into Bitcoin" or "I just made a new business for $50 in BTC.

You wouldn't expect people to say how much savings they have or salary they make, unless it's between coworkers trying to negotiate common raise.

So it's not really advice, I think, just normal safety things to act with money.

I saw someone who tells how much they have as an influencer to attract for their new follower, I never see someone like my friend telling me how much they have but just said that they investing in Bitcoin. Telling how much you have is not that risky I guess as long as we keep ourselves safe from hacking methods, if we can encourage our friend with our portfolio from Bitcoin so he will learn about Bitcoin I will gladly show him how much I earn just holding Bitcoin in a year from the last bottom price.

Just for context, there is only one person who knows the exact amount of Bitcoins that I have (and she also knows my crypto portfolio), and there's only one person who knows that I'm into crypto, and I'm holding Bitcoins. The good thing is that we're both involved in crypto as well so he's holding some coins and Bitcoin as well,

I don't tell anybody how much Bitcoin that I have, but there are times where they're asking me regarding Bitcoin and if I'm holding some. I just answer yes, and will not tell how many for my security as well. Nevertheless, telling how much Bitcoin you have for me is like, you are bragging it to them. Don't do it. Telling it to other people will not benefit you, but instead it might cause harm and you might get in danger as well.

I mean, is there anybody here who shared the total amount of Bitcoins they hold to other people? I mean other people is that, people outside your family? :D

I agree not to say in detail how much Bitcoin we have, just the big picture for example just an investment and nothing more. Because if you overexpose your Bitcoin holdings it will be very dangerous. Now, the increasing popularity of Bitcoin requires us to be able to maintain ownership properly and safely. For me Bitcoin is the main capital to achieve freedom of life and simply enjoy it myself. In social status and also in the business world, this kind of principle is also considered important, because successful people there always keep the capital that enables them to achieve success a secret, and let other people judge it in their own way. Bitcoin ownership is the same, Bitcoin ownership is secret but the output is for other people to judge for themselves.

You don't go around telling people you own Bitcoin, it's just like going around and telling people how much you have in your bank account and how much you have kept at home. Such information is something that's meant to be kept a secret. I don't tell my friends or anyone about how many bitcoins I own, there are other ways to show you're a Bitcoin enthusiast and it's not by telling them how much you own, but by sharing knowledge.

You can also add the expression that both fiat money and Bitcoin love silence. By talking about the amount of money in your wallet, you not only arouse envy, even if there is little in there, but also additional interest from those who can go to great lengths for money. People who do not know about Bitcoin sometimes have the misconception that if there is Bitcoin, then there must be a lot of it.
An example is the recent story in Thailand when robbers took cryptocurrency from a Russian couple. And as it turned out, these robbers were also citizens of Russia. Question: Maybe the couple was too open with stories about their savings?

https://coconuts.co/bangkok/news/russian-tourists-claim-robbed-us100000-worth-bitcoin-thailand/

These people were possibly talking about this openly on social media, or even showing their private assets openly to the public. I've always been very afraid of exposing anything on these social networks, especially related to my family or achievements, there is always someone watching everything you do, including people with bad intentions.

thieves are always looking for victims, today they look for them remotely from anywhere in the world, just monitoring their lives online, we need to be very careful in what we decide to post to the public

To say the truth, I haven't seen anyone sharing the exact amount of Bitcoin that they own, the few I can find are those that are holding $100 worth of Bitcoin, and I guess that's why they even feel like sharing it, because the value isn't enough to put you in danger.

Mind you I can share the amount of Bitcoin that I own on here, there is nothing that links me to any form of identity, and I don't put my home address on any online platforms and websites, that's for this forum though, but it's sure dangerous to tell people in the real world about how much Bitcoin you have.

People can tell you that they have Bitcoin, but not the exact figure, it's left for you to think about it, maybe $10 worth or $100,000 worth of Bitcoin, there is no way to know, as a matter of fact, almost everyone on this forum has Bitcoin, the exact amount that each person have remains unknown.  

Smart investors have never really told anyone how much they have of anything.
Full stop.

BTC / crypto / stocks / bonds / property. Unless there is a need to know it, other people should not know it.

Not even for the risk that may or may not be involved, but for best practices.

Something changes and you want to liquidate something privately for whatever reason and later someone casually asks you what happened to that stock you had in DaveF inc?
When for whatever reason you didn't want that fully out there since you got a job working for Dr.Bitcoin_Strange Inc. who is a competitor of DaveF Inc.

And although it did not happen to me, yes the above did happen to someone who I have known for 30+ years and yes it caused an uncomfortable conversation with management when they found out that she was selling stock in the company that hired her while accumulating stock in the competition. All because of a small casual conversation at a party.

-Dave

I've learned the dangers of oversharing online, especially about Bitcoin. Silence is golden.

Many learn the hard way; I've seen financial transparency's risks. The comparison to not disclosing salary or portfolio size is accurate; they are personal expressions of our financial experience. As you correctly point out, social media trends blend private and public display, giving many a false sense of security.

I advise them to maintain their digital wallet as close as their actual wallet. Being transparent about financial holdings, especially in a volatile and targeted asset like Bitcoin, is risky. Your wisdom inspires people in the community to remember that in the information era, what we dont say has power.

It comes from their own personal traits and characteristics. Some people always want to have private life and they don't mind to share personal information exclusively profit from investment or what they invest money in.

Some other people, in contrast, want to be recognized by the crowd and they share personal information that they believe can help them to be more recognizable, more famous. By this, they self-break their privacy and worse, can have danger in life.

I don't really understand this advice that seems to be incorrect too.

Digital wallets can be custodial or non-custodial, open source or close source.

A good wallet to use is open source, non-custodial.

https://bitcoin.org/en/choose-your-wallet

I couldn't agree more that it's not their business to know about how much we earn and how much Bitcoin we earn. And the same goes for them, it's not our business to know how much they have for the same things.

Precise yet meaningful.

This is true that oversharing on social media can put you in danger. You'll never know that some of your friends have been stalking and monitoring your moves because you showing them money.

In their eyes, you're golden too but if you're just going to keep silent and remain low-key person that let things do on your own then you're loving your life to keep safe.

What their doing is just flexing everything including their salaries and overall assets and that includes cryptocurrencies as well. I have read lots of incidents where people have been terrorized because they have been transparent with the bitcoins they have in their wallet and they were victims of kidnapping and some serious cases which include threatening their families if they don't give the bitcoins to the suspects. We need to know why we have bitcoins as our personal assets and one of the main reasons is we are hiding our money and our identity at the same time without getting help from any 3rd parties which is included banks.

I know people who enjoy it when they talk about how much they earn. It seems to me that only life can teach them, they will do it until they suffer financially from it.

It’s not worth talking about the fact that you have Bitcoin, but there are examples of crypto bloggers who show their lives and are not shy about talking about their funds. This desire to show off their success often ends very badly for them, but instead of it becoming a lesson for others, people continue to think that it will not affect them.

Its wvey irrational and not making sense enough to share your portfolio without with others when you are not sure of the personality such person carries, sometimes even family shouldn't be trusted that much for informations such as that because some of these people may not have good intentions towards you but may want to pretend because they are family But they may have a bad motive towards you unknowingly to you.

Your Bitcoin portfolio should be something you keep private to yourself and make sure to protect every of the information except you have a trusted person you could share with just should Incase there will be need for those person in the future.

If someone is literally doing this thing, flexing stuff about bitcoin, or showing other people who don't have any idea or interest in what bitcoin is, then they are just shaming themselves or just bragging. If someone is listening to something that they don't know and you are talking about money-related things, they will have a conclusion or think that you are just showing off and bragging about what you have. Its not bad to share with others about your achievements, but out of nowhere or just suddenly saying that stuff is not appropriate. It's much better to be low-key when it comes to bitcoin stuff so that no one will be annoyed if they take an interest in it and keep nagging you about what they should do. It will be a hassle. It's not bad to help, but taking responsibility for them is not good, because, of course, you are the one who introduced and influenced them with crypro stuff.

Of all the secrets I have, it's probably the secret of how many bitcoins I have. Sharing the amount of bitcoins I have with others is not likely to benefit me but if I share it with others they may try to harm me so why would I share this secret of mine with others. You should not share your bank account and how much Bitcoin you have with anyone. Rather, you should present yourself to the people you walk with in such a way that they find you very simple. Whenever other people know details about you then they will start envying you and in envy they will try to harm you. It will be seen that while trying to harm, those people are doing great harm to you, but nothing bad will remain. So you should be aware of these things in advance.

What you don't allow people to know about you  they eull never know,  sometimes we put ourselves in trouble by giving important information to strangers that can later harm us. Telling people the amount of bitcoin you have or letting them know your worth is very dangerous. I think this is something that needs to be private,  telling people about the amount of money you have can not make you to have more money.  Most people show up what they have just tell let people know they have money and to impress people.

For safety purpose their is no need letting strangers to know the amount of money you have on you. Investment in bitcoin is suppose to be very private, I don't see reason why people like boasting to show the amount of Bitcoin they have, they just feel it is necessary for people to know the amount of Bitcoin or money they possess.

"Gentlemen don't talk about money"
In my circle of friends, it is not customary to talk about money and savings.The conversation can be abstract without mentioning exact amounts. Since discussing exact numbers can cause envy or anger and we don’t need this, this is a rule.According to my observations, those who don’t have it most often talk about money, and in this way they want to add more respect and importance to themselves. It’s also about crypto, my friends know that I have it, but how much and what they don’t know either not interesting.

Good advice, considering the fact that nowadays criminals are willing to harm people in real life specially for their bitcoin, it became more crucial now that everyone should keep their Bitcoin holdings to themselves, there is no point in Telling public about how much BTC you own.
I assume people would simply do that to show off and to impress others about how rich they are, but they don't know how many doors of risks they are opening to themselves.


I've seen a lot of them too and I am pretty sure those social media videos are stagged, and anyone who answer them are not telling the actual figures, these rich people can't be that stupid, lol

For beginners, advice about not disclosing any financial information is mandatory. Many people don't know this, and the first thing you should do is inform them about it. More experienced people no longer make mistakes and don't need this advice. And also, I would like to add that, according to my observations, questions regarding finance are asked by tactless and not intellectually affected people.

Public statements about the amount of bitcoin owned, like any money, are always associated with the risks of theft and robbery. Only fearless foolish people will reveal this information.

It's true, it's not our job to teach everyone we know about Bitcoin, but I don't want to be considered stingy in the field of knowledge when someone I know asks me to help him learn about Bitcoin. People's desire to learn about Bitcoin is increasing all the time, around where I live more and more people already understand everything related to Bitcoin, including safe storage of assets.

I can only maintain privacy so that other people do not know how many assets I have collected in the form of Bitcoin, this method can help prevent unexpected things from happening. Always avoid answering trick questions such as how long have you started investing or how many Bitcoins have been collected since starting investing in Bitcoin, because these types of questions can endanger your safety and the assets you have collected so far.

I see where is that coming from. Even I have seen those reels where people walk to strangers in luxury cars or big houses and ask them what they do for a living.
Some people even answered crypto. Speaking about your finances in public can be really dangerous.
It is a basic rule which everyone should be aware of. If people are still speaking about it publicly despite knowing this fact then let them be prey to fraudsters.

You put yourself at risk when you talk about your bitcoins, what you have, just like when you talk about your other success. Unless you are discussing bitcoins with people who you know own bitcoins, same amount as you or even more.

Jealousy can easily be germinated in someone you speak to about bitcoins, try not to water that evil seed by further sharing how much you own in btc to people who you may think pose no threat to you.

Keep things private, something not known by people cannot be stolen or destroyed.

Yes, exposing one's financial status to everyone can't be done by a sane person. When someone discloses how much FIAT money they have or strong assets like Bitcoin they can be harmed in various ways. For this one should always keep one's financial status under wraps. And you should only show off when you know you have enough security to handle all situations. And if you don't have that ability then I'd say you're definitely doing something wrong if you reveal your financial status to everyone if someone ask you

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.

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

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.

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.

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.

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 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.

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.

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 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.

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.

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.

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.

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.

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.

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 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. 

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.

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.

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.

What’s the purpose of telling other people that you have bitcoin? Some would say not to brag but to inspire, but the fact that other people won’t ask or care for it, then you should keep it all by yourself than to disclose it to other people. Otherwise, you are only putting your own investments at risk since people would jump to conclusion that you have wealth in you that would make them feel envy on it. And you’ll only find out that someone has already thinking on how to steal your bitcoin or worst make your bitcoin as a ransom.

Snobbery...

We currently experience access to personal information in a brutal way, it is not only the fact of the information about your finances, but also showing what you have, your house, your trips and, worst of all, exposing your family publicly.

I don't know how to change the thinking of others, even people confuse anonymity with privacy and consequently have no idea about digital security.

I think that recommending reading that good book, and/or knowing that popularizer (Andreas Antonopoulos) It's the only thing we can do, at least you can begin to understand many other concepts.

One important course everyone aspiring to invest in Bitcoin and other cryptocurrencies should take seriously is security education, this way they will be able to learn and understand that most of these insignificant information they give out and the things they do can cause them lots of damages. This will also save them the stress of learning from their own worst experiences. Today, same people who are very reluctant to disclose their bank balances to a third party take pride in announcing on social media platforms that they own certain portions of Bitcoins. Obviously they are yet to have the consciousness that Bitcoin is also a digital currency and their accounts can be exposed to attacks if scammers who truly know their worth see such posts.
No matter the motive for exposing your financial details to a third party, you have to be security conscious because the numbers of scammers are increasing everyday and they are ready to strike whenever they see a juicy opportunity.

Asking how much Bitcoin someone has is just as rude as asking how much fiat they have in the bank. Or how much money they earn from their job. It is really rude. Furthermore it is very risky to actually tell someone the amount of money you have. What if they are asking because they want to know if its worth robbing you by force. 'Oh you got xxx amount of Bitcoin? Hand it over. Life or xxx amount of Bitcoin. So giving the answer is really dumb. Especially if you have a large amount of Bitcoin ( relative to whatever it is that is considered large where you live)

Numbers are not important, what matters is how much knowledge you have about bitcoin and whether you are able to pass it to the person you trying to convince. Also convincing someone on grounds that I have this much bitcoin so you must also invest in bitcoin is not a good move since what works for you may or may not work for other. If you are trying to convince a person then tell him both pros ans cons of bitcoin, so he enter with sufficient knowledge and can do trading on his own.

Yes, it's definitely true because of the current rate at which enemies are being created if you start telling your current balance or how much Bitcoin you have.  Then he will become jealous and enmity against you.
Because at present no one can see the good in anyone because everyone knows that no one else can see that someone will move forward with someone.
At present the situation has become that bitcoin is considered illegal in our country if we accept that we have science in case bitcoin is not legal in our country.  So I think it's better if we don't share how much of our balance we have or how much bitcoin we have in case we get caught by law.
Because by sharing you increase your personality, it is better to be small than to see yourself big because if you are big people will see you and try to harm you.  So without anyone sharing your acid or your current balance you act like you and lose your future or your balance.

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

I agree, in general you have to be cautious when sharing financial matters, and regarding Bitcoin and cryptocurrencies even more so. But I wouldn't take it to the extreme either. People who know the neighborhood you live in can get an idea of your annual salary, that's why I think in a given conversation it's ok to share, unlike what the OP thinks. As for Bitcoin it's another thing because you can risk a $5 wrench attack.


But there are things you can't hide. If you live in a house worth $0.5M (which is the average price of houses in that area) and you have a vacation home worth another $0.5M (which at least your friends and acquaintances will know, there is little you can hide. Knowing that, and if they know what you do for a living, people can get an idea of your salary.

Although it's correct, some people don't care about that because they use it to build their personal branding and make more money with that. So it's really depend on someone personality and goal.

Most people think someone who have Bitcoin is rich, if you know about Bitcoin, able to explain it to other people, believe me, everyone will see you like a millionaire. You only have two choices: stay silent or people will envy with you.

You don't have to share how much you have, if you said you have Bitcoin, it's over. :P

Some of the social media trends are not real, because all those guys use all those fake achievement from their Bitcoin investment to deceive other newbies that is following them on social media, because they knew that people must ask them to show them way so that they will begin to achieve incomes like them. Telling someone you know about your rent is not a bad thing OP, but telling a stranger your house rent and how much you earned in your Bitcoin investment is very wrong and it can lead to many things that will attract hackers or killers. I don't think, I will respond to such strangers on the social media asking such question, because everybody on social media is a suspect to me, based on experience I had in the past from people.

Well, technically yes, but that was never the intention. I think there's a fine line between supporting their videos and not. First, I'm not their subscriber and I did not finish the whole video as I just only stumbled upon these kind of content while scrolling the platform.
I'm not so familiar with how your content or your video in any social media platform would monetize, but I think they won't get enough or non at all if you just skip it right after a few seconds you realized it's a sh*t content.

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

So-called "friends" who betray you to others in order to get a share of your crypto are not really your friends, they are just hungry hyenas like from the Lion King who want to devour you.


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

I don't trust everyone in my family but I trust my parents to write down the private details of my wallet in a note book and keep it in a good secret place. Since I am single till now there is no way to share my bitcoin wallet with my children. Also, I have no family members except my parents, but in future if I get married, I can definitely share my Bitcoin wallet with my wife. But I believe my parents will never betray me.

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

for those who are early adopters at the moment it is no longer a question of money but of security
Be careful because there are unkind people around, take care of yourselves
low profile on the way

It is not even if people can be trusted or not, I would say everybody can talk too much when having a drink or two, So best to keep your own mouth shut......if that is not possible you can hardly blame others.....

What op have shared is something I believe have been discussed here multiple time, well, I don't know how many, but atleast, I still remember coming across, and even commenting on same topics or subjects as this, a multiple time on this board.

Anyways, I completely agree with what is being discussed, it is always wrong to let people (both the ones we know, and ones we don't know personally) know how much bitcoin we own, and this rule is not peculiar to bitcoin alone, it is a rule we have to apply to our finance in general, the world have gone far from what it used to be in terms of safety, no one can be trusted even a sibling, letting people know how much bitcoin we own could also mean we selling ourself out, it's a very risky and dangerous thing to do honestly.

A question like that is a stupid one. Sorry for the term I used. It's like this: someone you don't know asks you how much is in your bank account. Of course, you have a bank account, and you know you have savings there. Will you tell the public how much your savings are?

My God! It's good that there are many intelligent communities on this forum platform who don't simply answer stupid questions. The majority of people who ask such questions may already have bad intentions or motives.

What you said is actually right, people always have that habit of trying to know how far you have gone In life or the achievement you have acquired so far. And that stuff leads to enviness and hatred. I have met several people who always ask me what I do? how much do I make or earn just as you said? But I literally don't give them a listening ears. Because I knew they are always upto something. Then I realise some quote I came across on Facebook that say. No body loves you, you must try as much as possible to treat yourself good, because people always come around you when you have something tangible. But when you are left with nothing they go there seperate ways.

Self security is very important in cryptocurrency, because your asset is you privacy and you privacy should be kept secretly to avoid hackers to penetrate. If you wallet has been compromised no body will be held responsible for it rather you. Many wallet has been hacked many years and currently. Do to pass phrase misplacement or indirectly reavieling wallet adress to strangers. some are even close or trusted friends. In the cryptocurrency investment there is nothing like beat friend or brother, except your next of kin. And that will even work after the demis of the original owner.

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

dont blindly trust people you cant slap with your bare hand

For people who don't know Andreas, he used to be one of us in this Bitcointalk in the early days, here is his profile Andreas (https://bitcointalk.org/index.php?action=profile;u=79085). He has written many books about Bitcoin like mastering Bitcoin, Lightening Network and Mastering Ethereum, he is a legend on forum and outside forum, I remember he wanted to even help moderated some boards here, he has voluntary done a lots for Bitcoin.


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

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

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

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

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

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

That question is actually not correct, because if someone answers that question, it means that he is not sensitive to such a question. Think of it as if you are saying how much net amount of assets you have, and this is a signal that you are giving a reason for other people to do bad things to you who take advantage to do bad things to others.

Therefore, it is a great stupidity to answer such questions. Unless it's a big company or well-known in the business industry, if it's an individual, that's not really right for me.
Probably, if we change the question that could help more to other that is much better I think.

Absolutely. I don’t know but as long as money is involved, it’s like no one can be trustworthy of that as even your closest sibling or even your best of friends may plan on attacking you behind your back.  Bitcoin is not an exception as it’s even more than your fiat’s value in your bank account. If you want to pursue your investment and live your life safely and privately, hence never share what you have in your investment portfolio because people will surely not be pleased to hear that.

Sometimes, your success may be their greatest downfall. So be careful on sharing to them. You don’t know what they’re thinking when you start disclosing your plans. Most particularly when it comes to bitcoin, it’s better to deal on it anonymously.

Exactly, that's a common problem among a lot of people who either have become rich all of a sudden or those who have inherited wealth from their ancestors, and people who fly in the sky often have to taste the dust at the end of the day. That's why, people that show off everywhere about how much money and assets they have become easy targets for those sly scammers who are always looking for people that they can fool.

What's amusing is such people are often easily vulnerable to such things because they don't know anything at all, if you sit beside them and give them a couple of compliments, they will start feeling great and you can easily get a friendship offer if you try a little harder, this is exactly how they get scammed every time.

Do you mean you wanted to solve the problem of transferring the ownership of your coin in case of unforeseen circumstances? This is not new here and is never a big deal as well. Many have lost their cryptocurrencies due to unforeseen circumstances, and their family members are not even able to have access to them. If it is your plan to avoid it, you can plan more on it, you should just come up with a cogent idea and you will be fine. But you have to still be very careful in this regard, it is not every family member you can trust. In some cases, not one's wife, children and relatives you can fully trust, so extreme caution is involved here. This is also the gist the OP is trying to pass across in this thread, it is not limited to your friends alone.

There have been cases where spouses and family members are the devils and betrayals, and there are situations where it is the friends. It can be any of them in anyone's cause, and that is why they call it "betrayal," something you least expect. So be wise. I've resolved to always update my assets in my Will, the crypto asset is included as well, and it is in such ways that some access will be with my lawyer in the Will document, while the other access to make it completely accessible will be with my spouse/children. By that, if anything happens, they can solve the puzzle together instead of revealing my assets to them carelessly.

Perhaps, that's the way you let everyone gain access to your bank account with huge money or your life savings?

You know, I read this issue on this forum a lot, perhaps more than any other, and I always keep coming back to it. Although you guys go by different titles, you both seem to be trying to advise people not to reveal how much bitcoin they hold to just anybody.
 
I believe that certain people are displaying their riches or bitcoin holdings in order to show their financial status or investment ability. I mean, it may be a way to get approval or affirmation from other people. Perhaps they are proud and want to brag to others, which is one of the reasons they want to tell everyone how much money they make. People tend to think that if you spend a lot of money on anything, it indicates that you are financially capable and that you have succeeded as a result. Perhaps this will encourage other people to invest and check whether it is legit or not.

I think that probably just at that moment they realize that we are talking about personal things, that shouldn't be shared with people. In a certain way I can also understand why some people ask this kind of questions: if you're not into bitcoin probably you don't take it seriously and you struggle to understand that it's money, so it's private.

Of course, keeping the secret about our assets is a must if we want to be safe in crypto investment. When people know our assets, they may think negatively and may plan something badly. This is probably threaten the security of our assets. And this is also possibly dangerous for ourselves. Even if it is our friends, they also may have the desire to rob our assets.

It is a good way to keep hiding your Bitcoin. People don't need to know about our Bitcoin. There is no advantage that we share the information about our Bitcoin to others. If we want someone to know it, we just share the information to the very close people (wife, children, parents). The secret data about the Bitcoin shouldn't be easy to share to others.

yes agree, however if you haven't bought all your BTC P2P in a private way (VPN, fake name, email etc), the government knows exactly how many BTC you bought (& they're the biggest criminals). Whilst they can't easily prove how much you have at any one point, as BTC is pseudonymous, it's no where near ideal. so I think this much more concerning than a $5 wrench attack.

I have none.

Yes, it's true how dangerous it could be sharing how much money you own in Bitcoin to either family members or friends, and not just only Bitcoin in this aspect, but how much asset/finance you owned to third parties. Due to the fact how many have lost their lives sharing this details to the wrong whom they trusted, and as such, disguising oneself remains the best way to live long in this 21st century, just as Satoshi Nakamoto disguised himself (i.e the true creator of Bitcoin)

Yes, I also agree with you on this to either work away when been approached by these content creators who goes about asking people "How much money they make yearly". But in a scenerio where you wish to play along the line, you could probably divide how much you make a year into half or quarter and tell those people that's how much you make, without telling the public the exact figure.

If you keep telling people about the Bitcoin that you're holding, one day the people you told about your Bitcoin will plan evil for you. People are looking at people that own Bitcoin as very rich individuals because of the way Bitcoin has been rising and being on the news for giving investors profits. You might just be investing in Bitcoin recently but as you tell you friends that you have Bitcoin they might think that you have being holding Bitcoin for a very long time and your have made big amount of profits. Don't tell anybody about your investment so you don't becomes a victim of attack. Keep holding your Bitcoin and only tell your family members that involves your wife and children so if your suddenly pass away they can get access to your investment and not suffering when you have money in your investment that's growing.

Bitcoin or fiat money, its never been recommendable that you should really be that sharing up in regarding about information on how much you do hold or how much you do actually posesses on which this is really a
private thing or information on which on the time that you would really be dealing up with other people even if we do speak that it would really be relatives then there's always the risks on telling on how much you do
really have. We do know that when it comes to money then anyone could instantly changed up and this is something that would really be totally a risky thing to be done.

Stay yourself being low key. Accumulate coins as much as you could on a secret manner on which you wont really be that be able to mess up yourself on letting someone on how
much you are possessing. Its always been that important and its always been that safe on how to deal up with things and act accordingly.

Sure, if someone is aware about the personal data, he won't share it to other people. Personal data isn't something available for sharing, we must keep it secretly. So if people ask about the number of our Bitcoin, just ignore the question. It is not a proper question to answer, we can suspect there is something wrong with the people. The number of Bitcoin and the amount of money in the bank account, are 2 secret things that should be forbidden to share with other people.

Bitcoin is equivalent to money so keeping your financial holdings a secret is definitely something that everyone should do because the world today is a an evil world and you don't what the next person would be thinking or capable of so i wouldn't advice anyone in any situation whatsoever to actually let people know about their financial background, i believe keeping it a secret reduces the eye of people on you because you cant attack what you dont know about.

At present, any financial information must be kept confidential. Otherwise any kind of untoward incident may occur. We envision Bitcoin not just as money, but as an asset of the future. If the information is shared with anyone else, that money will be at risk. Bitcoin digital currency and digital wallet are safe to hold but insecure if there are flaws in its security aspects. Covetousness over other people's property has become a common trend of people. The number of scams has increased so much that there is no room for people to neglect past security. If the bitcoins were held by a third party, I could blame someone else or take legal action, but there is no way to do that as i am the responsible for the security of my own assets.

Telling someone how much Bitcoin you have is obviously rude because it's the same as telling them how much money you have in your bank account. These people can cause a lot of problems for you because you never know who you will give your secret to. Alternatively, you might say that while the person is filming, he might share the video online and you have no idea how many thousands of people will watch it.

Since a smile is only on the face and we have no idea what is really going through people's minds, we should exercise caution when doing things or disclosing our secrets to others. It's as if you were disclosing your secret to the world and they might start looking for your investment in an attempt to con you.

It's quite inappropriate to tell others about your investment hand not even the closet person to you,  this is because when we talk about money,  most especially in an overhyped asset like Bitcoin,  many have misconceptions about Bitcoin investment and this is because of the lack of knowledge on what Bitcoin really is and how best to handle it as an asset.

You are right when you say that,  when people know that you own Bitcoin,  they will think you have a lot of money,  and not want to know how much of Bitcoin you actually own.

Bitcoin investment has to be done with high privacy and one of the unique features of Bitcoin is that it doesn't have a physical representative and at that,  you only give people access to your Bitcoin holding informantions only when you want to do so if not,  you can remain anonymous forever.

Someone who keeps Bitcoins in their Wallet should learn from Satoshi Nakamoto attitude. Even though Bitcoin is starting to be widely adopted almost all over the world, he still adheres firmly to his principle of keeping his identity anonymous. Bitcoin is a valuable asset like gold and other property, whoever owns it has the responsibility to look after it well.

You have the right not to answer questions like that, maybe it's just a trap for them to find out how many assets you store in Bitcoin. Satoshi intelligence in maintaining the security of his identity must be followed by all investors who store Bitcoin in their wallets. Close the space that could endanger yourself and your assets by not telling anyone how much Bitcoin you store.

Ah great I thought it was only me who had been asked about how many bitcoins I own. This question was asked after we had discussion about how bitcoin is good investment. Peeps dont talk about how bitcoin is goo investment or why is it good investment opportunity? They will straight go to the question how much you own or how much worth is it! That is actually funny. But anyways, I usually end up telling them that I keep buying bits now and then so that I can follow the strategy of DCAing making me good returns over the period of time. I really think that its none of anyones business to ask how much we own, what they gonna do about it?

Personally I really enjoy reading success stories here on the forum. It's nice to see how other people got into crypto currencies and how they overcome their own struggles. For me these stories are not really so much about how many bitcoins someone owns today, but rather about people that believe in something and follow their strategies. If someone takes the risk of buying bitcoin than he should also be rewarded for that. I am not going to look at someone differently just because he owns 10 bitcoins and is bragging with that publicly. It's the same like meeting a person that directly tells you he is a millionaire, this is not something I care about and I don't see any benefit of sharing that information publicly. Because I don't even know if the information is true, and if it's true then this just puts a target on your back. There might be people that want to take advantage of your wealth and this could lead to big problems.

You should not tell your wife about your Bitcoin investment because she might leave you at your peril and break up the relationship but you should tell your more deeply related like parents about your investment because at your peril your parents will leave you. won't go Moreover, if you talk about your private matters to your wife, your wife will not be able to protect your privacy because the matter of keeping the privacy between wives is not a secret for long. Therefore, at any moment, your wife will share your private matters with others.

Why not? You don't trust your wife? instead of hiding this to your wife much better if you educate well regarding bitcoin is so useful for them and how they can earn with it since once she understand about it for sure he would let you do your thing there. Also for sure she support you with all things done.

Also what if there's something bad happen to you? then all of your bitcoins will be lost since no one can locate it. That's why discuss it and make her understand the risk so that he can keep all things in private.

To dumb for people to share any critical information and they will put their life in harm especially if they declare the amount they have, I believe no insane people will do that.

I don't share much to people when it comes to how many bitcoins I have but when I do tell them I'm into bitcoin and they ask me this question, I'm stumped at how to answer the question because I don't want to be rude and dismiss them, I'm the kind of person that wants answers to my questions so I try my best to embody that by doing the same thing when people ask me questions and I might use this as an answer to them but to me this seems a bit too stern and might come off as rude, maybe if they don't take too much offense about it, I'll just explain to them that I'm just asking the same thing. My go to line whenever I'm asked with this is that it's a private thing and it's not really for them to know anyway, luckily all of those people understood what I'm saying.

Yes, there are numerous ways for con artists or anyone wishing to take advantage of you to find a way to obtain what they desire. The worst-case scenario is that they could use your digital wallet's vulnerabilities or hack your account. Therefore, in order to monitor it and be able to detect if someone tried to log in without my permission, I would always allow two-factor authentication on my account. Thus, in my opinion, it is essential that we exercise caution when responding to requests for personal details that are not asked for or inquire about our cryptocurrency activities. We should also be sure to verify the authenticity of anyone wanting access to our funds. I agree with what you're saying that we should not provide our personal information to third parties because we are accountable for security assets.

Parents are the most trustworthy people because without them, we would not be able to survive in this world. But if you talk about not trusting your wife, I want to ask you, why did you marry her if you don't trust her? Also, when you get married do you live with your parents or with your wife? Who will take care of your children, who will be by your side when you are sick or in trouble?
It's funny that there are many married people who don't trust their wives, which means they don't trust their own choices and they themselves aren't trustworthy. If investing in bitcoin causes division and creates suspicion between husband and wife, is investing in bitcoin a good thing?

It's okay to tell the wife about our Bitcoin investments. After all, she is our wife, and she should know about our actions. We can tell him not to tell other people we have Bitcoin, even if they are close friends. We choose who needs to know about our Bitcoin investment to avoid bad people who want to harm us. With mutual understanding between you and your wife, we can keep each other's secrets about Bitcoin investments and will not tell other people we don't know.

Two-factor authentication (2FA) is a must-have security measure, and I support it. I think this basic but formidable barrier is essential to cybersecurity.

Skepticism when asked for personal information is crucial. I always think attentiveness is required. Its wise and necessary to verify requests and credentials for fund access. We must be educated and proactive as caretakers of our digital riches.

Supporting Bitcoin means promoting security knowledge and resilience, not only as a currency or investment. Not be our financial security's weakest link.

Sometimes, people who ask questions like that are just curious about how many Bitcoins we have with the excuse of getting them more excited. However, for some people, this question is quite disturbing. Yes, this is the same as someone asking how much money you have at home, how many assets, and so on. However, when someone asks a question like that, I will not give a direct answer, and only provide motivation for them to start doing business or investing.

One of the best feature of hodling Bitcoin is it anonymity and I don't see any reason why I would disclose my asset to anyone probably to impress or brag about my fortune, infact telling people wouldn't add any value to my asset rather it's a danger especially in countries with high rate of crime doing so could lead to kidnappers taking advantage, personally I am an introvert and I have no reason to reveal to anyone my hard earned asset, truly I knew few people who always brag about their physical assets definitely such people if they have huge Bitcoin in their wallet they would definitely reveal their asset just to get respect from other people which is absolutely uncall for.

Personal documents should never be shared with anyone. Because personal documents are very important thing. and the thing about Bitcoin is that it carries a person's financial status. And financial matters should never be shared with anyone else. Because only the private key is needed to transfer bitcoins.  So you should never share with anyone how many bitcoins you are holding

It will be absolute madness to brag about our Bitcoin portfolio, as currently every body becomes a suspect. The world is now inevitably corrupt with even those we regard as friends, I believe Nakamoto always wanted this anonymity that is the reason he raised everything into a decentralized platform, so everything we do with our funds should remain hidden to friends and some family members.

People asking about your Bitcoin holdings isn't necessarily about disbelief. It's often genuine curiosity fueled by the novelty and rapid rise of crypto. It's like asking someone who owns a vintage car about its value, even if you don't plan on buying one yourself. The misconception that Bitcoin isn't "real money" highlights a lack of understanding about its underlying technology and potential use cases. It's not just about speculation or get-rich-quick schemes. While volatility exists, so does in traditional markets. The key is to approach it with knowledge and a long-term perspective. Focusing solely on how much Bitcoin someone owns misses the bigger picture. The true value lies in the potential of blockchain technology to revolutionize various sectors, from finance to supply chain management. It's about innovation and exploring new possibilities.

I agree with you that normally when people ask others this question “how much bitcoin do you own”, it’s almost always asked without malcontent. I think people ask me this question most often as they simply are just genuinely curious as well as perhaps they are interested in how much “faith” I actually have in Bitcoin. So I hear ya, but that said I think it’s important to stand your ground and explain “I don’t give out my financial information”.

Really, I agree with you. It is not mandatory to disclose how many assets we have to others and there is absolutely no point in telling people online about it. The threat may increase after we tell someone because no one can be trusted. Money is something sensitive and we know that everyone wants it, even a friend they don't need to be told how much we have.

I get the point and agree with the idea.

A great advice, I do really think in most cases such questions on our street is likely to expose us to potential attack from advance invaders who would likely want to get through us.

As for those who share this level of privacy with the public most times wants to fill special than others or wants to fill wealthier than others.

Many who ask about this stuff at times do it for fun but not minding the potential risk attached to the owner of the information

Yes, because it's confidential and should be treated with the same level of confidentiality as our salary. Disclosing the number of assets we have to other people is not a good idea. Aside from the potential security threat we might face, there is no benefit in bragging about our investments. It's better to keep it to ourselves and remain silent even if others insist on knowing about it.

People have their reasons, but generally speaking you shouldn’t really go out there flexing your wealth at anyone. The very mistake that these nouveau riche crypto bros who got their first big break commit is to flaunt and flex their money without a care in the world or a care for their safety. They are so intoxicated by the money and the esrnings that they’ve accumulated over time, along with the apparent fame you could get cause somehow every bull run we get a new opinionated crypto guru who happened to know everything there is to know about crypto.  When they could’ve settled with being lowley and remaining on a low profile for the sake of your safety and sanity.

Trist me, as time goes ny you will realize that no amount of wealth could top off prime sense of security. Which you wouldn’t get from telling people you have x amount of bitcoins and you could make them as rich as you.

If someone's bitcoin wallet's privacy about bitcoins is exposed and that bitcoin wallet is connected to a device while traveling on the road or on a long drive, there is a possibility of being attacked by robbers. Moreover, if for some reason an investor gets to know about the wallet in public, then he can be kidnapped and snatched away from the Bitcoin wallet at any time. Moreover, many times if any device is kept in the room then there will be a possibility of that device being stolen. Therefore, an investor's information must always be kept confidential in that it will be protected from fraud.

Actually How sure we are that those who tries to broadcast how much bitcoin they have are literally having that amount when we knew that this forum is full or story teller/making people.
but the thread stands for the right manner to never tell anyone how much you owned bitcoin or even altcoins not unless they are your family and loveones that needs to learn your funds for the future.
because if not we can be target of those who have been waiting for victims.

When it comes to money, income and investments, we should always control ourselves by sharing information with others. We need to keep our things confidential and not all of what we have needs to tell to other people, we don't have to explain or teach them how we achieved what we have now. For me, it's a big deal to protect the important information in our lives because we don't know who the real people to us are, we should always think that not everyone we know is our friend. It's true that it's not our job to educate other people when it comes to bitcoin, let those vloggers provide information and that's better for them to learn their own way to avoid spoon-feeding.