Robbing bitcoins from a bitcoiner

[hannahB4]

question about physical bitcoins:

do you ever came across a theft case where thief stole the victims all bitcoins. like in physical world many banks robbed by robbers.

If bitcoin can be robbed like banks or any type of robbery, how can we be safe with this like more tips for security excluding writing key phrase on paper, etc.

what type of safety a individual should take to protect bitcoins physically like cascusious coins.

violence terms:
question about physical and digital bitcoins:

If the thief killed the owner of bitcoin and started finding wallet keys in his home (in most of the cases people store their private keys and phrases in home) and found that keys and stole all coins.

to stay safe what type of security a person should follow, like telling about bitcoins to next owner(wife, son, etc) after the original owner(like we do in preparing will) has been passed away, or keeping phrases in different places and telling to most trusted family members, buying cascusious coins not for storing large amount of coins, etc.

EDIT:
1. never tell anyone that you own bitcoins

This is another level of theft of the highest order, coming into one's house and asking for private keys is another degree of fraudulent act. I know some people have lost their coins through fake websites and transactions online that are not safe but the example you gave is one in a million. One just has to be careful about where and when you blab about Bitcoin.

[boyptc]

There's the popular $5 wrench attack. --> https://www.financemagnates.com/terms/5/5-wrench-attack/

And people will do this to you physically if you've been too vocal that you own cryptocurrencies. It's better to say that you've got nothing in person and you're just too optimistic about this tech.

Being lowkey today pays off than being too vocal and boastful to random stranger and even to the people that you know personally. You will never know the intentions that they've got, if it's going to be clear or pure evil unto you.

[bayu7adi]

A hardware wallet is more than enough if you lead an ordinary lifestyle and never flaunt your wealth or share on social media that you have a significant amount of BTC. Essentially, avoid arousing suspicions in others about your ownership of Bitcoin. The less attention you draw, the less likely others will interfere with your assets.

--

I once considered using a bank's services to pass on my digital assets as inheritance. When my digital assets become substantial enough to be considered as part of my estate, I will inform my family about them. Then, I will use the bank's services to secure my digital data.

I will make sure that the bank is not allowed to disclose my important data to my family while I am still alive. However, the bank will never know what kind of data I am storing. Only my family members who know the type of data I am keeping will receive it when I die.

[BIT-BENDER]

It’s hard to imagine physical bitcoin, Fiat is physical that’s understandable. it is centralized an under the control of the government of the country that owns it.

Bitcoin on the other hand is decentralized not owned by anyone, the supply is limited to 21 million bitcoins, there can never be more production of bitcoin to the 21million.

So Fiat is giving out my banks, if Bitcoin becomes physical who would be in charge of disbursing it out to the public? It just doesn’t add up.

So in addition to the normal way of protecting your bitcoin wallet or portfolio. I would add that another great way is remaining anonymous, you don’t necessarily need to announce yourself(real identity) as a bitcoin holder.

[dunfida]

question about physical bitcoins:

do you ever came across a theft case where thief stole the victims all bitcoins. like in physical world many banks robbed by robbers.

If bitcoin can be robbed like banks or any type of robbery, how can we be safe with this like more tips for security excluding writing key phrase on paper, etc.

what type of safety a individual should take to protect bitcoins physically like cascusious coins.

violence terms:
question about physical and digital bitcoins:

If the thief killed the owner of bitcoin and started finding wallet keys in his home (in most of the cases people store their private keys and phrases in home) and found that keys and stole all coins.

to stay safe what type of security a person should follow, like telling about bitcoins to next owner(wife, son, etc) after the original owner(like we do in preparing will) has been passed away, or keeping phrases in different places and telling to most trusted family members, buying cascusious coins not for storing large amount of coins, etc.

EDIT:
1. never tell anyone that you own bitcoins

2. You shouldnt really be that boastful about your holdings
3. Always be lowkey
4. Dont make yourself that too obvious that you are dealing with cryptocurrency
5. Just be cautious around just like onto those typical normal days

I myself had been having that kind of paranoid mode when it comes to safety considering that people do able to see out that my life status had progressed much specially into my neighbors.
It cant really be that denied that there would really be envy or something like this on which it could possibly be ending up on some desperate measure which it might be leading up
to some abduction or something like this which we know that it would really be that just a normal approach on having this way. You cant really be able to
be that confident whether you are dealing with fiat or BTC because criminals are just lurking in the shadows.

[taufik123]

-snip-
So in addition to the normal way of protecting your bitcoin wallet or portfolio. I would add that another great way is remaining anonymous, you don’t necessarily need to announce yourself(real identity) as a bitcoin holder.

Those who remain anonymous and do not publicize their Bitcoin holdings are usually very concerned about their own safety, because it will involve disclosing personal identity.

But when an influencer has a lot of followers and has a lot of Bitcoin in his wallet, it will become a target for criminals to be able to take full control of his Bitcoin.

As in the case of the robbery of tourists in Bali Indonesia which also often occurs. The criminals target people who are already famous and have a lot of Bitcoin.
The criminals work in groups and target someone then hold them hostage and blackmail them into sending all the bitcoins to their wallets (criminals).

A few months ago Yuri Boytsov, an investment blogger, was robbed by several criminals of a total of $248k in bitcoins.
This was the umpteenth case, but the police managed to catch the perpetrators.

Security becomes very important when many people already know our Bitcoin holdings.

https://www.cnbcindonesia.com/tech/20230301120225-37-417919/miliarder-bitcoin-rusia-dirampok-di-bali-rp-43-miliar-raib

[michellee]

I'm sure if that person were a bitcoin investor, he would have hidden the wallet key in a place no one else would even suspect his family because the wallet key is everything in investing in bitcoin. So even if a thief kills a bitcoin thief, he may not be able to find the keys to his wallet easily.

And the owner of the bitcoin will also leave a will somewhere where his family members can find it and explain how to use it so he can continue what he was doing.

And I agree with the edit by @OP to never tell anyone we own bitcoins. We will never know who is the person who will intend evil against us. We can only ensure that our bitcoins are safe.

[Plaguedeath]

If the thief killed the owner of bitcoin and started finding wallet keys in his home (in most of the cases people store their private keys and phrases in home) and found that keys and stole all coins.

to stay safe what type of security a person should follow, like telling about bitcoins to next owner(wife, son, etc) after the original owner(like we do in preparing will) has been passed away, or keeping phrases in different places and telling to most trusted family members, buying cascusious coins not for storing large amount of coins, etc.

Do you think your wife, son and your most trusted family members aren't live in the same house where you live?

Yes you can share your private key on the family away from your house, but you should need to remember if it's will increase your coins will gone since you're trusting your wallet with many people. This mean, you have many way to choose to safeguard your Bitcoin and to pass it.

Either you get scammed by your family, the criminal rob your coins etc.

[isaac_clarke22]

There's the popular $5 wrench attack. --> https://www.financemagnates.com/terms/5/5-wrench-attack/

Yeah, you know that these days where everyone would think of you as wealthy when you mentioned that you're just hodling Bitcoin without specifying how many. People gotta admit that they wanted to brag sometimes, but at least brag it to the right people. Strangers don't give a shit on how much you hold and that's either a bad thing or a good thing for you depending on the outcome.

Hell,  I don't even mention to some of my family members that I do hold Bitcoin. Good thing there ain't $5 wrench attack happening in our family lately, lol.

Do you think your wife, son and your most trusted family members aren't live in the same house where you live?

Yes you can share your private key on the family away from your house, but you should need to remember if it's will increase your coins will gone since you're trusting your wallet with many people. This mean, you have many way to choose to safeguard your Bitcoin and to pass it.

Either you get scammed by your family, the criminal rob your coins etc.

This kinda depends on how much you really trust your family members though. I do trust some family members, but not to the point that I am willing to give them away money. Even though here in Asia, there is a toxic (kinda) culture where breadwinners kinda gets broke due to being family-oriented even when it comes to money.