Out of prides, investors endangers themselves.

[Spaceman1000$]

Have you experienced where someone went an extra mile just to prove himself right because he doubted?

While we all thrives on our Bitcoin investments regarding its  lucrativeness, we actually wish that our loved ones can find the opportunity feasible and also invest on it just as we do.
For some cautious reasons, we do not want to discuss about it with them but we still wish they cou embrace the system in one way or another.

Out of two friends I introduced into the Bitcoin during the halving, one successfully Invested and the other one did not. In a few week ago we experienced over $71K in Bitcoin market price, the newly Investor friend of mine approached the other one who did not invest expressing how lucrative Bitcoin investment is.
The guy was still in doubt saying it is all fallacies that the guy is just trying to convince him.
So in other for this newly invested friend to prove the legitimate and lucrativeness of Bitcoin, he opened his Crypto wallet for the doubted guy in explaining how he bought Bitcoin when it was $65 and now it is $71K yet further increase is being expected.

So the doubted guy wowed over it that his friend has such amount of money?

Just by past weekend this doubted guy came asking if am I aware that the other of his friend has a lot of money in his Bitcoin wallet? And I ask how he knew about it then he explained in details.
I was surprised and felt disappointed of my newly Investors friend because I could wonder further people that doubted guy would tell about the guys funds in his wallet he can linger to danger that even if this doubted guy does not have evil thoughts on him, others being aware of it could be.

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.

Your bitcoin is your private asset, you don't need to show people your assets just to show off or make them see you differently, that's too dangerous because your endangering your life. It can as well be that he is showing his friends the profit he has made so far from his bitcoin investment out of excitement, without any intent to intimidate them, but human beings in their typical nature will always read meaning out of everything. This just goes out to tell us that, whatever we are doing that involves profit making, we should just mind who we share our certain personal information with.

[justdimin]

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.

Because he was new so he didn't really understand that there had to be a secret about the assets he had in cryptocurrency otherwise something like this would happen This Crypto Investor Lost Nearly $4M in Ethereum (ETH) to Armed Robbers
And it should be your duty to tell him everything if you want to become an investor in cryptocurrency, not only about the profits you will get but also how to secure your assets properly so that they are not lost because you store them incorrectly.
Lack of knowledge can put investors in danger, not only can they become the target of crime but they can also lose their assets because they are hacked, so investors must understand everything well if they want to enjoy the benefits of being an investor later.

Yes, you should try to keep the security at all time high, and should keep your name out of public knowledge. I have never told anyone how much bitcoin I have, to be fair even if the whole world knew how much I have, it would be stupid to try to rob me because I have so few lol, but in the end I still do keep it hidden, just in case.

People have done much worse for just a few hundred dollars in some parts of the world, so it is not really something that I would consider as an issue, we should try to continue and avoid getting in danger. These days people try to be "brave", but they do not realize the difference between brave and stupid, publicly showing how much you have isn't brave, that is just plain old stupid.

[Hamphser]

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.

Because he was new so he didn't really understand that there had to be a secret about the assets he had in cryptocurrency otherwise something like this would happen This Crypto Investor Lost Nearly $4M in Ethereum (ETH) to Armed Robbers
And it should be your duty to tell him everything if you want to become an investor in cryptocurrency, not only about the profits you will get but also how to secure your assets properly so that they are not lost because you store them incorrectly.
Lack of knowledge can put investors in danger, not only can they become the target of crime but they can also lose their assets because they are hacked, so investors must understand everything well if they want to enjoy the benefits of being an investor later.

Yes, you should try to keep the security at all time high, and should keep your name out of public knowledge. I have never told anyone how much bitcoin I have, to be fair even if the whole world knew how much I have, it would be stupid to try to rob me because I have so few lol, but in the end I still do keep it hidden, just in case.

People have done much worse for just a few hundred dollars in some parts of the world, so it is not really something that I would consider as an issue, we should try to continue and avoid getting in danger. These days people try to be "brave", but they do not realize the difference between brave and stupid, publicly showing how much you have isn't brave, that is just plain old stupid.

When it comes to security then im that guy whose really that too mindful even with the smallest detail or information that might leaked out on which it would really be causing for myself to be put up on such potential huge problem on the moment that you would really be finding yourself having that kind of issues. On the moment that you would really be finding yourself that being too talkative or tactful or being that too showy on how much you do own or possess then you are really that opening up the doors of possibilities that you might really be that able to get those dangerous life threatening situations on which we know that this could really be something that will really be happening on you at the moment that you do find yourself that being put up on the corner and asking for your coins.

This is why it would really be always best that you should really need up to low key or make yourself that silent on what are the things or how much you've been keeping or
you do have in hold. You dont need on trying out to make things that been proven out with other people.

[coolcoinz]

There's a phrase "quiet wealth" and I remind people how important it is. I guess OP's friend wasn't aware of its existence and importance. What can I say more?

I've heard of a guy who run a bitcoin exchange since 2014 or 2015 and he was pretty popular due to his political connections, some people said also mob connections... Anyway, he had an incredible apartment in a skyscraper that basically consisted of a whole floor, drove expensive cars, everybody knew who he was. One day he disappeared. The police looked for him, there was no trace.
He's dead for sure, but the body was never found.

Be careful guys, don't show how much money you have because you don't know who's watching.

[Agbamoni]

When I hear things like this, I feel sorry for people who decide to share the good that has happened to them with everyone without having any little restraint. Bitcoin transactions are meant to be anonymous and so other natures both investment and otherwise. We are supposed to keep our investment personal to us until we have reached our targeted goal. I have heard stories of people getting frauded because they shared information online or orally. Even our businesses and the things we plan to accomplish, it will be of higher risk if we tell people everything that is going on in our lives. People shouldn't know much about you and most importantly anything that has to do with your investment, business, and how you make your wealth in general. They can only be aware that you're not this but how you run it, and what you make from it should be kept to yourselves.

[yhiaali3]

Your friend is exposing himself to great danger as a result of his pride and arrogance, and perhaps he will regret it later, so you must quickly warn him to shut his mouth and also try to hide his assets in the greatest possible way. It is also better for him to change his wallet or buy a hard wallet and hide it in a safe place.

We all sometimes commit such mistakes unintentionally or because of bragging. We want to prove to our friends that we have succeeded and that we are superior to them, but we do not pay attention to the danger inherent in these actions, which may lead to real problems due to envy or greed on the part of some friends. Therefore, it is always best to maintain as much confidentiality and privacy as possible regarding our crypto assets.

[Marvelockg]

The guy was still in doubt saying it is all fallacies that the guy is just trying to convince him.
So in other for this newly invested friend to prove the legitimate and lucrativeness of Bitcoin, he opened his Crypto wallet for the doubted guy in explaining how he bought Bitcoin when it was $65 and now it is $71K yet further increase is being expected.

that he bought Bitcoin at the time it was $65k and stayed few months till it got to $71k isn't enough reason to start showing people how potentially profitable investing into Bitcoin can be. I doubt he has even invested much into Bitcoin for such space of time for a different of $6k in Bitcoin price to have placed him in profit that will warrant him showing people his wallet.

The thing about going this extra mile just to prove a point to people is that it doesn't end up translating to them investing into Bitcoin and even if the person eventually gets convinced to invest at that $71k price, what do you think the person will be expecting in some few months or even at this point? He will expect Bitcoin to skyrocket into $120k and above and when he noticed that it's now getting bellow the amount his friends convinced him to buy, he will be made to explain tirelessly. Sometimes it's best we know that you don't go about trying to convince everyone to invest into something that's as volatile as Bitcoin when you don't know the emotional strength of the person or you end up being blackmailed when they aren't able to HODL for long.  He has done a lot of harm to himself just by trying to prove a point and his safety is no longer guaranteed caus when you expose how much you're earning to people, they tend to feel this sense of entitlement and might tell everyone that you hold a particular amount of coin in your wallet which exposes you to big threat of not just hackers but physical robbers.

[fuguebtc]

Your friend is exposing himself to great danger as a result of his pride and arrogance, and perhaps he will regret it later, so you must quickly warn him to shut his mouth and also try to hide his assets in the greatest possible way. It is also better for him to change his wallet or buy a hard wallet and hide it in a safe place.

We all sometimes commit such mistakes unintentionally or because of bragging. We want to prove to our friends that we have succeeded and that we are superior to them, but we do not pay attention to the danger inherent in these actions, which may lead to real problems due to envy or greed on the part of some friends. Therefore, it is always best to maintain as much confidentiality and privacy as possible regarding our crypto assets.

Of course, I also disagree with the other guy's actions because it could endanger him and his relatives. But we should not be quick to criticize him and think that he just wants to show off or be arrogant . I think because all three of them are close friends and the purpose of him revealing his investment was to convince the other friend to invest in bitcoin , and he didn't have the purpose to brag.

OP was just giving his guess, OP never asked him directly why he did that, so we really don't know what his intentions were. In this case, OP should talk to his friend who invested in bitcoin and should explain to him the risks of disclosing his bitcoin to others. If he is a braggart, he deserves to be criticized and condemned, but if he just wants to convince the other friend,  OP should explain to avoid making the same mistake again.

[Jawhead999]

Showing the growth or how successful is your investment is really dumb.

It's an exception if you're an influencer where you need to gather as much as possible in order to make your accounts grow and you will make more money. But, if you're just an Average Joe and didn't get anything after showing your money, it's very unnecessary. Although, there are some narcistic people that will feel happy after many people praise them.

[uswa56]

Your bitcoin is your private asset, you don't need to show people your assets just to show off or make them see you differently, that's too dangerous because your endangering your life. It can as well be that he is showing his friends the profit he has made so far from his bitcoin investment out of excitement, without any intent to intimidate them, but human beings in their typical nature will always read meaning out of everything. This just goes out to tell us that, whatever we are doing that involves profit making, we should just mind who we share our certain personal information with.

Of course we don't need to publish how much we have accumulated in Bitcoin assets, even though we don't intend to show off what we have, it could be that the views of people who hear what we say are very different and this will likely be a problem when we show off our Bitcoin assets. we have collected this, as you said is very true, it could be that after we show off these assets it will endanger our lives because we will never know for sure who will try to control the assets we have, because currently most people have understand well that Bitcoin will be very valuable in the future even though they do not yet have a good understanding of Bitcoin.

you are right, when we talk about things that are very valuable in the future of course we have to be able to choose the right person to talk to us about and of course we can completely trust them and they will not betray us with what we have shared with them, because If we choose the wrong person, of course this will seriously endanger our own security.

[Lida93]

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.

We don't know if he did what he did out of pride or by sheer attitude of trying to convince the doubting friend about bitcoin with a proven evidence directly from his wallet. One thing is here is certain, you didn't preach to him about privacy with bitcoin and how important not to comprise on it.

While we brush people up about how profitable bitcoin can be to them if they invest long we should with that approach enlighten them too on the tenets of how to safeguard their investment from public notice because privacy is peace.  The more people don't know about your finances the more peaceful and secure live becomes for you.

I wouldn't blame the OP in this case because he didn't mention privacy to his friend. Even if it is not bitcoin but another asset/investment, it is his decision whether to share it with others or not because if he had a boastful personality, he would do it with other assets as well, not just with bitcoin.

But you're right, we don't know what his real intentions are, is he bragging or just wants to convince the other friend. But regardless of his intentions, revealing his assets to others is a huge risk even if it is not bitcoin. Not only should we keep our bitcoin investments a secret, but we should also refrain from flaunting our wealth under any circumstances and to everyone.

Well, we are all making assumptions still, and the appropriate person to rightly declare his position to end our assumptions of if it was done out of pride or not is the guy in question, which unfortunately we can't reach the mysterious guy. Though Op on his own part alleged to have given him a comprehensive guide.

Nevertheless, we shouldn't risk our privacy in the process of trying to prove a point mostly when it concerns money. There should be a limit to what we can expose to friends and family as we can't really read their inner thought towards our success. At this era with how widespread the word bitcoin has penetrated into diverse corners of the society there is no need working up ourselves to convince anyone about investing.

[Marvell1]

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.

We don't know if he did what he did out of pride or by sheer attitude of trying to convince the doubting friend about bitcoin with a proven evidence directly from his wallet. One thing is here is certain, you didn't preach to him about privacy with bitcoin and how important not to comprise on it.

While we brush people up about how profitable bitcoin can be to them if they invest long we should with that approach enlighten them too on the tenets of how to safeguard their investment from public notice because privacy is peace.  The more people don't know about your finances the more peaceful and secure live becomes for you.

I wouldn't blame the OP in this case because he didn't mention privacy to his friend. Even if it is not bitcoin but another asset/investment, it is his decision whether to share it with others or not because if he had a boastful personality, he would do it with other assets as well, not just with bitcoin.

But you're right, we don't know what his real intentions are, is he bragging or just wants to convince the other friend. But regardless of his intentions, revealing his assets to others is a huge risk even if it is not bitcoin. Not only should we keep our bitcoin investments a secret, but we should also refrain from flaunting our wealth under any circumstances and to everyone.

Well, we are all making assumptions still, and the appropriate person to rightly declare his position to end our assumptions of if it was done out of pride or not is the guy in question, which unfortunately we can't reach the mysterious guy. Though Op on his own part alleged to have given him a comprehensive guide.

OP is the one who introduced him to bitcoin and I think OP should contact him first to confirm about it before getting negative thoughts and accusing him of bragging. Although he was wrong to share his bitcoin balance with others, if he just wanted to convince others to invest in bitcoin, if he has good intentions, OP only needs to give advice and not necessarily give harsh criticism and spread this on the internet.

Nevertheless, we shouldn't risk our privacy in the process of trying to prove a point mostly when it concerns money. There should be a limit to what we can expose to friends and family as we can't really read their inner thought towards our success. At this era with how widespread the word bitcoin has penetrated into diverse corners of the society there is no need working up ourselves to convince anyone about investing.

But it happened anyway and his privacy was violated. I guess the guy who hasn't invested in bitcoin will continue to tell many other people about this and this will be a big lesson for this guy.

Introducing bitcoin to someone is not necessarily bad, but convincing them to invest is a bad idea because we do not gain any benefit from it and can even endanger ourselves as in this case .

[$weetne$$]

I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.

Bitcoin assets that you own should be kept in private because you do not need to prove yourself to others or let them know how many Bitcoin that you own or the fiats value in any currency. The feedback that you will get for letting others know about what you have is thefts or lost of your life. People will come after you when they know how much you have, if they can not get access to you because of the security that you have, they will go after your relative and you will be required to spend to get them out of harm to safety. You do not gain anything by proving to those doubting you about your wealth. Allow them to keep doubting and only time should prove to them that you were building your portfolio for a better life while they were wasting theirs chasing after pleasures of life that do not last.

[Plaguedeath]

Introducing bitcoin to someone is not necessarily bad, but convincing them to invest is a bad idea because we do not gain any benefit from it and can even endanger ourselves as in this case .

Actually you can get benefit if you convince them to invest and at the same time ask them to sign up under your referral link, so you will earn the commission. Or, you can create a private mentoring, convince them the basic thing and offer them to join your class if he want to learn deeper.

That's why, you should have a goal or purpose before you doing something.

[lovesmayfamilis]

Actually you can get benefit if you convince them to invest and at the same time ask them to sign up under your referral link, so you will earn the commission. Or, you can create a private mentoring, convince them the basic thing and offer them to join your class if he want to learn deeper.

That's why, you should have a goal or purpose before you doing something.

However, if the price decreases, after you work hard to convince someone to invest and, at the same time, use your referral link, you will be attacked by accusations that everything is not going as your referral would like. Why do you need to have this headache?
On the other hand, going back to the OP's story, many people are boastful. But boasting is a character trait of those people who like to assert themselves at the expense of others, those who try to prove their superiority literally in small things. Self-sufficient people know the value of their words and do not need proof that they are right. And when it comes to owning Bitcoin and generally speaking about their successful lives, they prefer to behave modestly while maintaining confidentiality.

[bangjoe]

Showing the growth or how successful is your investment is really dumb.

It's an exception if you're an influencer where you need to gather as much as possible in order to make your accounts grow and you will make more money. But, if you're just an Average Joe and didn't get anything after showing your money, it's very unnecessary. Although, there are some narcistic people that will feel happy after many people praise them.

Yes, that's right, it doesn't mean if we're nobody here, just showing off because we want to be considered in the investment activity it's very sad and we don't get any benefits, maybe just feel better than others because we have invested, but even that is not a good thing for our character in the future.

That is unnecessary, it is enough that we bring life much better and they will realize that indeed we have a more beautiful life after investing in bitcoin and our finances are very safe, but maybe that person is forgetting himself and he thinks he is great because in his environment he is not as lucky as he is, this is like a person who just got a big win from gambling, they will always show it to anyone.

[erep]

However, if the price decreases, after you work hard to convince someone to invest and, at the same time, use your referral link, you will be attacked by accusations that everything is not going as your referral would like. Why do you need to have this headache?

I think convincing someone to invest in crypto without providing knowledge about crypto investment will be very risky, so always prioritize the word #DYOR when you convince other people to invest in crypto so that you won't be attacked because all investment decisions are up to each individual, even professional traders always reminded of the word #DYOR in signals distributed to private group members which indicates there is no guarantee of the signal results.

On the other hand, going back to the OP's story, many people are boastful. But boasting is a character trait of those people who like to assert themselves at the expense of others, those who try to prove their superiority literally in small things. Self-sufficient people know the value of their words and do not need proof that they are right. And when it comes to owning Bitcoin and generally speaking about their successful lives, they prefer to behave modestly while maintaining confidentiality.

They actually hide more losses than the profits they show off but the losses are never published, usually traders always show off profits from the coin activities they trade, but in fact they hide bigger losses. However, I agree with your statement that traders never show off profits because they don't want others to join in that activity without knowledge of market analysis.