Do not share your bitcoin holdings with everyone

[Jon_Hodl]

Oddly enough, this is why I want bitcoin adoption to take place at large scale.

If all of society is "rich", then the rich can hide in a larger set of people and fewer single entities are targeted just because of their wealth.

[poswallhamza]

/snipe

Right, brother! I agree with you. Showing off wealth attracts unnecessary attention and is dangerous. It is much safer not to flex your money on social media, In the era of social media, showing off your wealth is very dangerous. Showing off on social media is like temptation. Money does love silence, but peace of mind and safety are way more important than this. Great advice!

[STINKYBEE]

Edited out.

[Asuspawer09]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I mean it's a pretty natural thing to do even if it is not crypto if you have a huge amount of money on your account you're not really just going to disclose to to anyone that you don't really trust or probably not part of your family. Mostly you're just going to let your family know. Probably because when talking about cryptocurrency a lot of people think that you're some kind of rich guy that could easily print money on trading, compared to just someone who has money in their bank account.

When it comes to this matter I personally just share this kind of information to my family and my girl, no one else, I would totally avoid giving a lot of information to some of my friends that I don't really trust or I don't really know, mostly I would just give small hints like I know cryptocurrency and invested a small amount on it something like that.

[GiftedMAN]

I wonder why some people believe so much in exposing themselves as a major way of letting people know that they have not minding the risk involved in doing such things, this is not only attributed to crypto holders it is a lesson to everyone who is doing something reasonable that is fetching them a lot money, do not let anyone get too close to you to the extend of you discussing your business plans, your investments and the number of houses you own and other things. I believe this information became open because they were able to trace that it was the family member that kidnapped him who knows others that such things has happened to and they were not traced because no one knows what happened to them. People should learn how to keep secrets and live a very simple life style it will do them more good than harm.

[Nheer]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I also don’t know how I missed this thread, it’s been a year now that thread was created and i am surprised how i missed it. This world is a really wild place and weird things keep happening everyday and with different things happening the more reason we have not to trust anyone at all not even our own relatives. People can do crazy things for money and so for our own safety we should keep our wealth and bitcoin possessions private, trust very little circle and never disclose your total assets to avoid attracting unwanted attention that may risk our lives. Our safety is in our own hands and when no one knows that you have certain things how will they plan to come steal from someone who has nothing so is best advised to be cautious and discreet about our possessions.

Right, brother! I agree with you. Showing off wealth attracts unnecessary attention and is dangerous. It is much safer not to flex your money on social media, In the era of social media, showing off your wealth is very dangerous. Showing off on social media is like temptation. Money does love silence, but peace of mind and safety are way more important than this. Great advice!

Showing off or flaunting your wealth is really a way of advertising yourself to thief and bad people. Living a very private life is the best thing now in this world we are now, say less about your private self and also post less on social media.

[Gladitorcomeback]

Oddly enough, this is why I want bitcoin adoption to take place at large scale.

If all of society is "rich", then the rich can hide in a larger set of people and fewer single entities are targeted just because of their wealth.

And what makes you think that adoption at a large scale will make everyone rich? Someone who adopts Bitcoin or cryptocurrencies doesn't necessarily have to be rich. You can buy Bitcoin worth $10 to begin with, and you adopt Bitcoin if you do that. So, adoption doesn't always mean that more people are getting rich. This means that more people are becoming aware of Bitcoin and its benefits. These two are entirely different things.

Besides, problems such as thieveries, robberies, stealing, or kidnappings won't stop if most people in the society become rich. People will still wish to have more than they have because that's human nature. The more you have, the more you want. People will still be threatened if they have a lot of wealth, and there will be people with less wealth. There will be enmity between people; one might kill the other if they can't beat them in monetary terms.

The world will become even a bigger shithole than it already is.

[FortuneFollower]

Oddly enough, this is why I want bitcoin adoption to take place at large scale.

If all of society is "rich", then the rich can hide in a larger set of people and fewer single entities are targeted just because of their wealth.

And what makes you think that adoption at a large scale will make everyone rich? Someone who adopts Bitcoin or cryptocurrencies doesn't necessarily have to be rich. You can buy Bitcoin worth $10 to begin with, and you adopt Bitcoin if you do that. So, adoption doesn't always mean that more people are getting rich. This means that more people are becoming aware of Bitcoin and its benefits. These two are entirely different things.

Besides, problems such as thieveries, robberies, stealing, or kidnappings won't stop if most people in the society become rich. People will still wish to have more than they have because that's human nature. The more you have, the more you want. People will still be threatened if they have a lot of wealth, and there will be people with less wealth. There will be enmity between people; one might kill the other if they can't beat them in monetary terms.

The world will become even a bigger shithole than it already is.

Adoption means faith and usability of BTC for everybody, in my opinion.
You won't get rich from putting on $10 - but you will become part of the community, sorta.

[GigaBit]

I wonder why some people believe so much in exposing themselves as a major way of letting people know that they have not minding the risk involved in doing such things, this is not only attributed to crypto holders it is a lesson to everyone who is doing something reasonable that is fetching them a lot money, do not let anyone get too close to you to the extend of you discussing your business plans, your investments and the number of houses you own and other things. I believe this information became open because they were able to trace that it was the family member that kidnapped him who knows others that such things has happened to and they were not traced because no one knows what happened to them. People should learn how to keep secrets and live a very simple life style it will do them more good than harm.

Sharing with an outsider would be more complicated if such a situation occurred within a family member. Moreover, if one's wealth is stolen by someone in one's family, then there is no difference between outsider and insider. One must take utmost care for one's safety to avoid such dire situations. Otherwise the chances of losing will increase. Although there are many people in the world who can be trusted, this does not mean that they should be told about personal wealth. There are many who can cheat for excessive greed. Money has become so important to people nowadays that family members cheat with each other. It is best to keep ones wallet seed phrase in a safe place at his own risk. But it is also important to inform his loved ones about the wealth so that they can enjoy that wealth after his passing away.