Going public saying you own Bitcoin is not safe anymore

[sherenikaw]

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

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[King Raymond]

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

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

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

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

[Questat]

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

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

[ultrloa]

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

[lucates]

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

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

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

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

   Is not have any legal backing and
 
   Is decentralized

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

[Issa56]

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

[rugrats]

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

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

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

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

[carrigan]

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

[Botnake]

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

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

[Masplanc]

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

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

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

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

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

[Woodie]

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

[molsewid]

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

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

[rizqoAD]

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

[jerry0]

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

[no-ice-please]

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

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

[molsewid]

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

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

[Alert31]

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

[jrrsparkles]

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

[perfect999]

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

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

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

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

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

[Similificator]

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