How important is it to keep your bitcoin investments secret from others ?

[Frankolala]

You are right OP, telling people about your investment in crypto is very risky because you don't know who will take advantage of the information to gave out about your investment to extort money from you. Sometimes people that we think are our friends and not our friends but they are gold diggers and  are jealous of you,they have bad motives towards your success.

Your crypto investment should be secrete between you and your wallet,so that you don't end up being robbed. Bitcoin was created to give privacy in all aspect to its users. Therefore, we should also follow this way when you have invested to keep our mouth shut about our investment to attain a maximum private life. Your bitcoin investment should only be known to the next of kin,when the appropriate time comes.

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[BitDane]

How important is it to keep your bitcoin investments secret from others ?

What's the benefits of telling your investment to others? A counter question to your inquiry. We have no obligation to share our investment to anyone because that's personal and very sensitive. I done’t one anyone dipping noses on my money because that's my secret. Making it an open book to everyone will just put your life at risk or danger because jealousy and greed of human.

For bragging purposes.  Many people who is boastful wanted to show the world that he knows Bitcoin and is invested on it.  Little that he know that he is giving away his wealth and himself to people with ill-intention.

For all those sharing their investment publicly using their real identity. You should stop doing that since your only purpose for doing that is for bragging with a little bit of encouragement. Investment is better to keep private because its not meant to be shown in public because of human greediness.

I agree sharing about information of Bitcoin is one thing, showing your wealth is another thing.  Let us not be confused about this two.  We can share information about Bitcoin and even promote it without showing our holdings.  If you can observe, professional streamer cover how much Bitcoin they hold and even blurring the wallet address.  They do that for security purpose and we should also follow that example and never publish our wallet address and the amount of our holdings on social medias.

[salad daging]

What's the benefits of telling your investment to others? A counter question to your inquiry. We have no obligation to share our investment to anyone because that's personal and very sensitive. I done’t one anyone dipping noses on my money because that's my secret. Making it an open book to everyone will just put your life at risk or danger because jealousy and greed of human.

There is no advantage, in fact it will cause social jealousy which can cause the person to intimidate you if you have a lot of money in bitcoin so it's quite clear this is very sensitive and as much as possible we have to keep what we have in bitcoin as our investment asset, but if someone has done that then he is careless and arrogant because he wants to be seen by others.

For all those sharing their investment publicly using their real identity. You should stop doing that since your only purpose for doing that is for bragging with a little bit of encouragement. Investment is better to keep private because its not meant to be shown in public because of human greediness.

I said only stupid people do that while we understand better how to keep our assets secret as much as possible not to be known by other people, anything can happen with a risk if he publishes it to everyone and that is his biggest mistake.

I keep what I have a secret, including some of my relatives, I don't know how much BTC I have, it's enough for me to know, identity is important not to be public.

[hannahB4]

It might not be a result of him being a crypto investor that led to the ordeal, but notwithstanding, one needs to be careful about which information you share with your friends and enemies. Some of my friends recently get to know about me being into bitcoin because sometimes when I'm less busy I come on the forum to work, so in doing this some questions arose here and there.

[Gladitorcomeback]

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.

This is the reason Satoshi make this forum decentralized and anyone privacy is anonymous here. talking about btc with friends poses so much risk especially in those area where btc is not regulated or banned. i think we should share our crypto wallet information with our closed friend because we don't know about future and  close friends can be turned out to enemy tomorrow.

I shared about crypto detail only with my brother and i didn't shared even with my close friend. crypto is not totally legal here and we cannot disclose this in public because sometimes it's result in serious issue of money laundering

[SOKO-DEKE]

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.

It is not new thing that people may not be happy with someone achievements and discussing that with many people may put someone that risk.i see nothing bad in telling your close and few people about a great thing you are doing but all I know is that  don't brag of what you worth especially in term of cryptocurrency telling them what you worth in your wallets, is never a good idea because that is main reason why many people are target. I believe if people don't know your worth it will be hardly you been target.

This brings to mind a post I read about a man who won a sizable sum of money in a bet; at first, no one paid him any attention, even he bought a car; nevertheless, the day he revealed his winnings amount, he was attacked.So let's simply be careful while bragging about our value and bragging about our accomplishments.

[Faisal2202]

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.

Dear op it's not the first time when you expose your earning, investment and salaries openly, you always face consequences. It does not matter, if your investment or salaries is in BTC or Fiat. All that matter is money. Because if the scammer, hacker, blackmailer etc. Have to ask for money they will always chose crypto as method but you know what they could also be tracked from crypto method.

The best practice is to not show your earning openly, why? Let me tell you:

• The worst scenario is what you have mentioned , because if a theft knows your earning, he could steal it from you. In any way possible like by kidnapping too,
• Second scenario is, once you showed your earning, people in your friend, relative zones will try to borrow money from you. Its not a bad practice to lend interest free money but they will borrow money for no necassary reason and always will be late to pay it of.
• Many will try to judge your way of earning and will think accordingly about you, for example if you are earning more or have big investments, manuly will think about you having a bad job which makes you more money. And that's true because i have seen people talking the same.

There were many cases about kidnapping a investor or there nearby ones (loved ones). But still many people try to show off by think that it's not that much money while to others its too much. And they fall for greed and think to take it from you with any way possible (only the devlish mind)

[Ultegra134]

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.

You can talk about the presence of savings in bitcoin only to those with whom you are ready to share this, leave it as an inheritance, or simply give it away. The rest of the people don't need to know about this, for the sake of your own safety and the safety of your funds. Today you trust people and share such information, and tomorrow you can ruin your relationship with them and their desire for easy money can cost you dearly.

There is nothing to say about precautionary measures in public forums. This has been discussed many times and is a banal safety measure on the network, which implies the following: don't talk too much.

The subject shouldn't be limited to cryptocurrency; the victim in this case happened to be a crypto investor, it was a simple coincidence, anyone wealthy or well-off could have been the victim. Unless you are intimately linked to someone, there is typically no reason to disclose your financial situation, and even then, it is best to keep your distance. Never assume someone or anybody else who may be listening is completely trustworthy. You shouldn't brag too much about how well you're doing, just as you wouldn't count money in a public setting, you'd get mugged. You can't comprehend the lengths people will go to in order to ruin something because they are envious beings.

[flyingcarpet]

It's not a big deal for people like us who don't have big investments. You don't need to tell anyone about your investments, big or small, though. In a bad situation that may occur in your health, it is useful to tell a relative of your investments. Do not tell anyone about your investments in any way other than for health reasons. Because there is no need.

[alastantiger]

Recently, I came to read this news

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.

Be as secretive as the secret service. Never discuss your investment with strangers but if you must say for example in a gathering of people with like minds, and you have to talk about it, remove the important details or better still, talk about something similar but not the exact thing.

The kidnap story has more to do with being security conscious and doing a deep background check on wherever you are travelling to than is crypto related. As a stranger in another country where you are not familiar with, stay where other visitors stay and not with the locals. Overall stay alert.

[smile1218]

It is important to keep your bitcoin investment secret from others specially if you have a lot of investments, to protect yourself from potential theft or scams. It is important to check on the potential risk and benefits of sharing information about your investment to others. So be vigilant in discussing your investments to others because they might be spying on you. Never ever disclose to anyone your earnings stay in a low profile level to keep you safe.

[Plaguedeath]

You can use your brain to think how privacy matter is important, it's not only limited to Bitcoin, but it's happen on anything that's has a value.

You can try using your social media to know what's the other people will react to your condition. Start from today to the next week by complaining about God and you don't have money, act become the most painful person in this world.

Then the next month you can upload all of your achievement e.g. have a house, super car, luxury lifestyle and a lot money.

After that, compare it.

[Patrol69]

If Bitcoin and other digital currencies are completely illegal in your country, it's best not to discuss your Bitcoin holdings with anyone. You can be in danger if you discuss Bitcoin with everyone even though it is completely illegal in your country. 

And if cryptocurrency is legal in your country, you can discuss it with people who don't know about bitcoin or crypto currency and show interest in learning about it but never share your personal information with them. If you share something personal with them, no matter how much you like them, it will be seen that you have suffered a lot from their point of view. 

As much as you can talk to them about bitcoin or cryptocurrencies without sharing your personal stuff, it won't hurt you. But always keep your personal safety in mind.

[Fivestar4everMVP]

He asked his friend if he knew anyone in the area — they put him in touch with a trio from Greece and Albania. After partying together for several days, they apparently decided to turn on him.

I guess his spendings must have alerted the criminals that he's well to do or he must have spilled some secret about his wealth when under the influence of alcohol. But come to think of it, why would his friend hook him up with 3 criminals? I guess he would claim he didn't know that they were criminals... It's up to the police to connect the dots.

Advice: Be careful of the kind of people you keep as friends and don't draw attention to yourself by unnecessary or lavish spendings.

The last line I totally agree with.

1. It is very important to always keep our financial status or information a secret, most especially, from friends, and it doesn't matter how close we are to them or they to us, never trust anybody, except family, and even family have to prove themselves trust worthy before we give them our complete trust, anybody can do anything for money, one movie I watched, a son told his mother "when it involves money, trust no one, even me".

[Z-tight]

This is the reason Satoshi make this forum decentralized and anyone privacy is anonymous here.

Bitcointalk forum is not decentralized, it is owned and controlled by the admins, but there is no kyc and you don't have to register with your personal details; but the forum is centralized, though you can keep your privacy and be anonymous as a member in the forum.

Some of my friends recently get to know about me being into bitcoin because sometimes when I'm less busy I come on the forum to work, so in doing this some questions arose here and there.

If your friends find out you are posting and reading on Bitcointalk forum, it does not mean you own BTC's, Bitcointalk is a discussion forum and you should tell them that you want to get knowledge in BTC, you can even invite them to join the forum, the only problem can come from you, and that is if you start to tell them wrongly that Bitcointalk is a place of work, or where one can make money.

[Z390]

It depends on your circle, be watchful of your circle first and get rid of any threat lurking, jealousy friend and co, you should know them because the answer is always within, do not deceive yourself thinking it's not what you saw.

Bitboy and other crypto influencers on Youtube have family and friends and I've never heard that one got kidnapped or betrayed, the thing is, such people go around with someone like them, everyone knows where they get their money from and they influence others too, either friends or family.

Going around enjoying yourself with friends that are also millionaires from crypto is far safer than going around with friends that are finding it hard to catch up to you, it is dangerous.

[kryptqnick]

My bitcointalk life and my physical life are very different. Different circles, different areas, different languages, etc. But occasionally I do mention Bitcointalk to people, and some know I'm into cryptos. They don't know how much I have, how long I've been into Bitcoin, what I do on the forum or what's my forum name (only a very small handful of people know that). I don't have much, to be honest, so I feel alright. But I understand that some people have more and may not talk about Bitcoin at all because they want to avoid being targeted.

[Rampagoe004]

Never talk about any of your assets to people you don't trust. And it's not just Bitcoin. Because bad things will happen if you open all your assets to people. I only talk about Bitcointalk but I never talk about anything like how much assets I have and how I make profit from forums. I'm just saying if you want some money you can try investing in cryptocurrency or become a bounty hunter on forums.

[Strongkored]

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, it's not only when you invest in Bitcoin or crypto but in all types of investments it's better if it remains a secret and only tells your spouse or other closest family members, and I'm not quite sure that anyone will be happy to show off their asset portfolio because it will invite many who are not good to come to him.
From the news link you mentioned, I only see that the media uses the keyword crypto investors to be able to get traffic to its website from crypto lovers because no details have been conveyed apart from the kidnappings and crypto investors, so it's not news that is made in detail so it's not convincing enough to believe.

[lovesmayfamilis]

There is a proverb, or even two, that can be applied to the topic.
"Money loves silence" and "Your language, your enemy"
I think everyone understands the meaning of these two proverbs. Many people like to show off, telling, or showing on their social networks, or to their friends about earning in Bitcoin. Boasting, people put themselves in danger, which can come unexpectedly from scammers. There are too many envious people and other dishonest people in the world who can go to crime to take what they think someone else has. The most ridiculous and at the same time terrible can happen to someone who boasted about the amount of bitcoin in his wallet but did not have the amount he was talking about. It will not be difficult for bouncers with a wrench to find out his passphrase from a wallet, so the most expensive “gold” is silence. No matter how much the earnings are, there is no need to shout about it, vanity is a bad quality that never leads a person to good.