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Author Topic: How important is it to keep your bitcoin investments secret from others ?  (Read 1308 times)
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September 25, 2023, 10:17:57 AM
 #201

Of course it's important. Only people who are close to me know that I'm investing in crypto, but no one knows how much I keep there, even my parents and GF. And I don't think they'll ever know.

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September 25, 2023, 06:43:01 PM
 #202

One reason to keep your bitcoin investments private is to protect your assets from potential theft or hacking attempts. By keeping your investments secret, you can reduce risk of becoming a target to cybercriminals who may attempt to steal your funds. Some people choose to keep their bitcoin investments private in order to maintain their privacy and avoid unwanted attention. Bitcoin transactions are recorded on a public ledger, which means that anyone can view the details of your transactions if they know your wallet address. By keeping your investments private, you can maintain a greater degree of anonymity and protect your personal information.


In addition your assets are best know to you for the main time before you become a victim of thefts  and hackers. as stated because in anyway they find out of your assets that is the day you become a target. In many cases privacy is a very good option. Majority of people have falling victim. And privacy is even the key thing behind bitcoin your exposure can cost you a lot. I just love the design of bitcoin especially the public ledger that gives access to transactions but hide the identity of ownership. And maintaining anomity can also safe you from billing from other people. Once they know you have money they will start disturbing you.



Not only cyber criminial but people around us that has an ill-intention.  We never know whether people around us will change or not once they knew that we have lots of treasure in digital world.  They maybe good to us but we all know how greed can change people.  There are even cases where a member of the family killing their kin just to get the money by themselves.  So it is really important that we keep vigilant and never expose that we are holding that huge amount of Bitcoin or else we might find ourselves in big trouble.
 

People can even rob you of your assets, and will try to get more information out of you. I can remember something happened to one of my friend when he was neatly robbed just because of is expose to people. So someone just have to be careful with people we role with  not everyone is your friend.  Information is power so we should limit the kind of information we share. People we put eye on you when they know you have money. Plenty of cases of killing just because of taking over the person property. We should please all becareful of what we do.

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September 25, 2023, 07:02:22 PM
 #203

Not only crypto, you shouldn’t be talking about any of your investments under any circumstances. Don’t tell your friends, family members, your boss, coworkers about it. They don’t need to know your finances. If you make money they will get jealous. If you lose money, they will be happy. Either way they will find a way to make you unhappy. So why do it? Keep it to yourself. You’ll be doing yourself a favor not telling them trust me. Sometimes you might even get robbed because the word is out: “This guy is filthy rich!” There is no way this can bring any good on you. The more attention you gather on yourself, the worse it will be.

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September 25, 2023, 07:26:17 PM
 #204

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

Actually, there is no problem with you boasting that you are a Bitcoin investor, but you have to be careful with your surroundings, the proof is that Michael Saylor, the Winklevoss twins, Jack Dorsey are all safe even though the whole world knows that they have a lot of Bitcoin

so, education about crypto is something that governments all over the world have to encourage, many people think that people don't want bitcoin, and many think that it's okay to brag about it to the public when buying bitcoin. As long as you can't maintain the security around you, don't ever tell them that you are a Bitcoin investor, even if it's a small amount.



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September 25, 2023, 08:46:17 PM
 #205

I've also read somewhere here in the forum that someone got robbed inside his house because he was boasting about his bitcoin wallet through social media and the robber went to her house and was forced to transfer it to the robbers wakket. We learn a valuable lesson from this, just to keep it secret and not boast about it. Also, there is no point showing your portfolio to others because, for sure, they will think that you are boasting to them, so just to be safe, keep quiet on it.
You can imagine. How will this be traced if the owner of the bitcoin wallet decides to find out the identity of the robber that stole his bitcoin forcefully? I can imagine the agony the owner of the bitcoin will be passing through because of his show-off act to impress his or her online friends.

Sometimes as humans, we decide to learn things the difficult way. By the time we achieve that, it will be evident to us that there are activities that are pointless to carry out to demonstrate to our friends that we have achieved financial success

This is a huge lesson for everyone to remember because not all of our friends will wish us well if we brag about our accomplishments to them.




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September 25, 2023, 11:10:26 PM
 #206

Actually, there is no problem with you boasting that you are a Bitcoin investor, but you have to be careful with your surroundings, the proof is that Michael Saylor, the Winklevoss twins, Jack Dorsey are all safe even though the whole world knows that they have a lot of Bitcoin
In my opinion, what you say is not appropriate or relevant, because you suggest being careful but instead you allow us to brag about our investments. I don't really agree with your opinion, if we have the intention to boast that we are Bitcoin investors, in my opinion it is the same as not having an alert and careful attitude because an arrogant attitude could trigger other people to hate and do bad things to us.
Someone who is careful and alert will certainly never be arrogant and create opportunities to provoke the emotions of other people who are jealous of us to harm ourselves. A careful person will not underestimate anything that does not need to be said or done, such as bragging about the investments they have.
We cannot judge with the naked eye other people's intentions towards us, maybe some of the people you use as examples are still safe, but that cannot guarantee that we will be safe if we follow what they do, right?

As long as you can't maintain the security around you, don't ever tell them that you are a Bitcoin investor, even if it's a small amount.
I completely agree with this, because we must be truly aware of the limits of our abilities and knowledge regarding maintaining the security of our investments. There have been many examples of carelessness when someone or a company that has better knowledge and ability than us to maintain the security of their assets, however they can still experience hacking and theft of their crypto assets.









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October 06, 2023, 11:07:47 PM
 #207

most times its better to hide your wealth, also the kind of people you keep matters a lot. for your own safety, you should try to keep most of your investment to yourself. this doesn't mean you shouldn't tell your friends/family about bitcoin or cryptocurrencies at large but your investment is personal to you so its up to you keep or talk about it. the main issue is that you might know what your friends or even people trust can do once they find out you have so much money so to be on a safe side its better to moderate how you talk about it or flaunt it.

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October 06, 2023, 11:39:40 PM
 #208

Not only crypto, you shouldn’t be talking about any of your investments under any circumstances. Don’t tell your friends, family members, your boss, coworkers about it. They don’t need to know your finances. If you make money they will get jealous. If you lose money, they will be happy. Either way they will find a way to make you unhappy. So why do it? Keep it to yourself. You’ll be doing yourself a favor not telling them trust me.
I agree but I make an exception to my immediate family but not with close relatives. Unless they ask about it and eager to hear about you, it's your decision to tell them a bit of your story or better just keep it as a secret.

Whilst jealousy is a real deal not just with your family, relatives and friends. If you're keeping it from them then you shouldn't also tell it to random people or strangers.

Sometimes you might even get robbed because the word is out: “This guy is filthy rich!” There is no way this can bring any good on you. The more attention you gather on yourself, the worse it will be.
Exactly, also might asked for a personal loan but about all of that is you're right about being attacked by a $5 wrench.

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October 07, 2023, 08:57:19 AM
 #209

most times its better to hide your wealth, also the kind of people you keep matters a lot. for your own safety, you should try to keep most of your investment to yourself. this doesn't mean you shouldn't tell your friends/family about bitcoin or cryptocurrencies at large but your investment is personal to you so its up to you keep or talk about it. the main issue is that you might know what your friends or even people trust can do once they find out you have so much money so to be on a safe side its better to moderate how you talk about it or flaunt it.

Yes, one should hide from all relatives as they can share with anybody. But , at least tell two trusted persons about all investments so as they can take care of these in case something happens to you.
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