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

[arwin100]

I think it's not even about Bitcoin, but about money in general.
The best advice I heard is to never tell people how much money you have/make, because they either will consider you poorer than them or richer and in both cases, they will think of you in the worse way.

This kind of discrimination because lets say you tell it with your neiobohrs its either that if they knew that you are rich morethan them then they usually dragged you down or borrow money that they will not pay you, others also if they knew you are poorer than them they will not treat you right. Whether whats the purpose it is really best to keep it secret because of the situation right now that everyone is looking to anyone and mostly those bad guys finding a target.

If you will not let them do that for sure they will not attempt again to borrow your money. Show them that you also need that so they realize that they cannot get something from you. Its up for them if they feel bad about what you said to them since this indicate that they are only good when you have money and not if you don't have. Its really important not to let anyone know about your bitcoin investment since not everyone can understand what you do and might they will drag you down because they think negatively on what you do.

[irhact]

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.

Privacy is very important if you're active in the cryptocurrency market. Don't tell people about your wealth or your investment unless you'll become a target to both scammers and hackers. Your friends can be either one or help those that are trying to scam you be successful. Cryptocurency money is seen as an easy target to this people so they'll come for you.

Make use of personal wallets and don't believe any investment business you get from your friends. Do your own research before investing, don't just believe anything they say as some will launch fake project just to steal from you or intentional lead you to investing in scams so you lose.

[reagansimms]

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.

From the news excerpt above, I can conclude (the victim) had leaked his true identity to men from Greece and Albania which made them have evil intentions to kidnap him. My investigation after reading all the news that you attached above, concluded (the victim) had made a big mistake that aroused other people's evil intentions. At first it looked normal, they also had a party for several days. I suspect that the victim was in a drunken state when he said everything to the kidnapper, someone can do anything when he is drunk, including leaking a list of his wealth.

The news above can be an experience for anyone to be more careful when you are with someone you just met, avoid anything that can make other people commit crimes against you. Invite a reliable friend when visiting a new place in anticipation of people who have evil intentions towards you.

[AnonBitCoiner]

Not in crypto only but in every filed of life we should keep our victory private because nowadays there is no body which feel happy with your success. We can share about bitcoin that its very successful token for enhancement of money and everyone can use bitcoin as a store value but we should not tell them about our investment because of privacy of your money.

There are lots of hackers now A days even a true friend sometimes make you fool by getting information from you and then use that information to get your money. Its not bad to share the method of earning but sharing your personal information and share about your money that you invest is not a good idea because its your personal information so try to avoid those people who wants to get knowledge about your saving amount.

[xSkylarx]

I think it's not even about Bitcoin, but about money in general.
The best advice I heard is to never tell people how much money you have/make, because they either will consider you poorer than them or richer and in both cases, they will think of you in the worse way.

This kind of discrimination because lets say you tell it with your neiobohrs its either that if they knew that you are rich morethan them then they usually dragged you down or borrow money that they will not pay you, others also if they knew you are poorer than them they will not treat you right. Whether whats the purpose it is really best to keep it secret because of the situation right now that everyone is looking to anyone and mostly those bad guys finding a target.

If you will not let them do that for sure they will not attempt again to borrow your money. Show them that you also need that so they realize that they cannot get something from you. Its up for them if they feel bad about what you said to them since this indicate that they are only good when you have money and not if you don't have. Its really important not to let anyone know about your bitcoin investment since not everyone can understand what you do and might they will drag you down because they think negatively on what you do.

But my neighbours are not like that one but my workmates before. when they borrow money and that time I've decline they will say something bad to me or worse is that they will curse you. What I've found funny is that when they going to chat you or text asking for money they are having long words to tell you but if you say you dont have money its either they will seen your reply or they will just reply a thumbs up on you and when you see them they pretend not to see you lol

[Distinctin]

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.

Not just with crypto investments, but in all achievements that you have obtained particularly that comes with money, it’s safer to keep it privately so you can live your life without risks and dangers. If you can keep your crypto just to yourself, then it’s always better than trying to be friendly to everybody and easily disclose information that are not supposed to be shared. You are not just putting yourself into the eyes of scammers and hackers, but even the lives of those people close to you may also be in danger since they’re prone as subject for kidnapping as well.

[Poker Player]

Not just with crypto investments, but in all achievements that you have obtained particularly that comes with money, it’s safer to keep it privately so you can live your life without risks and dangers. If you can keep your crypto just to yourself, then it’s always better than trying to be friendly to everybody and easily disclose information that are not supposed to be shared. You are not just putting yourself into the eyes of scammers and hackers, but even the lives of those people close to you may also be in danger since they’re prone as subject for kidnapping as well.

I see this as relative, because there comes a time when you can't hide it and it doesn't make sense. Think of Elon Musk or Jeff Bezos, for example. But without going to those extremes, it is not logical to have a net worth of $10M and live in a slum, hiding your net worth because it would be very dangerous if people in your neighborhood knew that you are rich. You can live in a neighborhood according to your economic level and drive a car according to your economic level, without hiding it.

The OP's case isn't that of someone who does not hide his wealth, it is that of someone who engages in stupid behavior. Letting on that you have a lot of money in a vacation spot, where you have traveled alone and are drunk most of the time is putting a bullseye on yourself saying "mug me" or "kidnap me", which is what has happened.

[Godday]

Our secrets as owners of crypto assets are necessary. For me it is a privacy like a private key for a crypto wallet. But on the link you have linked it says that he is a luxury car dealer and a crypto investor. I believe he is an influencer or he is a famous person in his country. Such people I think are fair to point out they are crypto investors. My point is such a person is very difficult to hide the fact about it.

I just wonder how someone like that could be kidnapped. I mean does he not have a security team? Looks like I need to find out more about this person.

[ancafe]

Not everyone care about anonymity and secret of their investment in Bitcoin. They talk a lot about what they are doing and they are really ready to get more risk from malicious threats online and curious eyes in physical activities.

It is not good if you walk around, talk about your Bitcoin investment, and say you are fine because you have good practice on Internet, security for your devices. If more people know that you have bitcoin, you will have more risk from their curiosity.

Thus they have understood the level of risk that will be faced and it returns to each individual to keep it secret or be open to everyone, but it would be nice to be anonymous is much more useful to prevent something unexpected from happening to each of us

There is no need to tell many people that you and I have assets in bitcoin, someone who knows the basic risk will keep this secret to the public, the anonymous nature of bitcoin is in line with the secrecy that we carry out in investing in, you don't even need to talk about it to friends close about the assets you have in bitcoin.

You won't have to pay tax if you don't sell your bitcoins with profit. If you buy it in 2013 or 2016 and only hold your coins till today, you don't have to pay tax, because you don't cash your coins out to turn it to profit in cash.

Do you invest forever and never sell the bitcoins that you have, that's the same as your statement above, that not everyone keeps bitcoins for a long time, because there are some people who will sell bitcoins when the price reaches ATH like in previous years.

[Mauser]

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.

I don't really see a problem talking with my friends about crypto currencies, as I trust them and don't think they would do any harm to me. Most of my friends have at least invested a small amount in cryptos themselves and shouldn't be jealous when crypto prices are going to rise again. Also all my friends are already older and we know each other for a long period of time, if one of them would become rich overnight I wouldn't feel jealous and try to take advantage of it, rather I would feel happy for them. Talking with strangers about cryptos is something else completely, because you should never reveal how much money you have. Speaking generally about the idea of crypto currencies is fine, but don't tell strangers how many coins you have. It the same with Fiat money, you should never tell strangers on the streets how much money you have in your wallet or bank account. The same goes for the internet, some form of privacy should always be maintained as we can't trust strangers.

[paid2]

Speaking generally about the idea of crypto currencies is fine, but don't tell strangers how many coins you have. It the same with Fiat money, you should never tell strangers on the streets how much money you have in your wallet or bank account. The same goes for the internet, some form of privacy should always be maintained as we can't trust strangers.

Yeah I agree but at the same time, just mentioning cryptos and Bitcoin during casual IRL conversations can potentially get you into trouble.

Online, everything is more or less manageable, you can even give some personal information without being identifiable. You just have to select the information you reveal, remove the EXIFs and metadatas from the photos you publish, and have a minimum of protection for your IP. I'm not talking about social networks which I think are only tools to autodoxx.

To come back to my first sentence, I think you have to be careful, if you say to randoms "I have Bitcoin", even without specifying the amounts, many ignorant people will imagine that you are "rich". For many idiots and uneducated people, Bitcoin = wealth. Even if you only have a few satoshis.
That's why I never respond to IRL conversations about cryptos and Bitcoin, I don't even mention it. You don't know who you might run into. They can either come after you, or indirectly get you in tax trouble for example.

[Rigon]

I don't really see a problem talking with my friends about crypto currencies, as I trust them and don't think they would do any harm to me. Most of my friends have at least invested a small amount in cryptos themselves and shouldn't be jealous when crypto prices are going to rise again. Also all my friends are already older and we know each other for a long period of time, if one of them would become rich overnight I wouldn't feel jealous and try to take advantage of it, rather I would feel happy for them. Talking with strangers about cryptos is something else completely, because you should never reveal how much money you have. Speaking generally about the idea of crypto currencies is fine, but don't tell strangers how many coins you have. It the same with Fiat money, you should never tell strangers on the streets how much money you have in your wallet or bank account. The same goes for the internet, some form of privacy should always be maintained as we can't trust strangers.

In this world, I do not consider anyone as my own except my parents. I have seen many people fall victim to betrayal. Here you cannot guarantee that your friend will not cheat on you. So I want to say here that you should not trust anyone so much no matter how good you are. You may have a very good mindset but your friends may not have the same mindset as you. You cannot always judge others by yourself. I speak from real experience that I have been cheated by many of my close friends. You should always believe that you should trust no one but yourself.

[Viscore]

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.

Anonymous is a word that fits those of us who invest in bitcoin because the nature of secrecy is important to close loopholes for people to take unexpected actions, in my country if you have a large amount of bitcoin there will be tax workers who will come to the house they will give warning when you do not try to pay taxes in accordance with applicable regulations. Even though this is not a robbery scenario but being too exposed will attract a lot of attention, which is why it is important to try to be more anonymous in investing.

Although I doubt that other people can take the bitcoins that we have with the concept of robbery outside of technology, security is one of the considerations that needs to be kept anonymous and is much safer for those of us who are in investment. Don't be too flashy and be careful with all the possibilities that can happen.

Always invest with caution, not just on the market volatility, but also to the people around that may cause you harm in exchange of your assets. Whether they’re close friends or relatives, you should still put some limits and boundaries not to tell them everything about you and your investment. Sometimes when all our intention is just to motivate them to invest and be successful, instead they turn out to develop jealously on our achievements and plan some attacks that will put our lives into danger. The reason why trust should not be given easily to everyone, especially when money is directly involved.

[Kakmakr]

Well, the same personal security prevention strategies are applicable for the money that you have in the Bank or the expensive jewelry that you are wearing in public. In my country you do not walk around with the latest phone or Gold jewelry in some areas of the city, because it is simply too dangerous.

Also, when you pay for something.... you do not flash a wad of cash, because you rather pay with your credit card or some kind of online payment that does not show your balance. This forum are full of scammers that are lurking around to find some kind of "hook" to get you to reveal your stash and also to dox you. 

[dlightag]

Not everybody is your friends, mostly they are circle of influence and they're circle of interest as a friend's, so have a limit with them and also not to open your investment wallet, but rather discuss the the price movements of Bitcoin price, by advising to buy if them have, rather you have already have Bitcoin and keep it secret from friends.

[Altryist]

Not just with crypto investments, but in all achievements that you have obtained particularly that comes with money, it’s safer to keep it privately so you can live your life without risks and dangers. If you can keep your crypto just to yourself, then it’s always better than trying to be friendly to everybody and easily disclose information that are not supposed to be shared. You are not just putting yourself into the eyes of scammers and hackers, but even the lives of those people close to you may also be in danger since they’re prone as subject for kidnapping as well.

Those closest to you need to know about your investments, this is important because the wife must have access to these funds in order to be able to provide the children with everything they need.

If you say that this is a matter of trust, then you will be right and you must completely trust your wife (or husband), otherwise what is the point of living with a person whom you do not trust? But a limited number of people should know about your investments, only those closest to you, whom you can fully trust.

[Nrcewker]

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.

Never share your investment plans with any strangers. Families and close friends can be considered, but that’s not necessary also. It doesn’t matter whether it’s Bitcoin investment or any sort of other investment. It’s really sad to read news like this in the internet. Moreover the world has become so cruel that, in order to make money, people can do anything and everything. So I would better advise that not to tell about your investment plans with others.

[Outhue]

Maybe my life is at risk? , OP you have a point and I will be careful from now on, many people knew that I am into crypto because that's how I keep getting people to teach about crypto, if I teach someone today he or she will bring someone new or group of friends.

In my view, the reason I'm safe is that many still doubt Bitcoin; the majority of my friends still think it's not something easy to do, and I also run another business. People who know me in person assume I'm a fashion designer, but they have no idea I'm also a full-time bitcoiner.

It is important to consider what surrounds us concerning our safety. In my neighborhood, there are a lot of hardworking and successful people, and I believe poverty is the cause of people's evil minds.

[krishnaverma]

That's actually traumatic experience for the victim. That's why in this industry people preferred to remain anonymous as there are prone to threat since money are involved in this scenario. If you've become successful in this industry which is in the crypto, it would be better to remain silent about where'd you get the money to spend. We're aware of the capability of people to do such things just in order to get some funds, that's how crazy people even your family, friends and lovers could betray you for your fortune.

When it comes to crypto, all should prefer to be rich and anonymous. 

[Games.Bitcoin]

The decision to keep your Bitcoin investments secret from others depends on your personal circumstances and considerations. Here are some factors to keep in mind:

Privacy: Bitcoin transactions are recorded on a public ledger called the blockchain, which means that they can potentially be traced back to you. If you value your financial privacy, you may choose to keep your Bitcoin investments a secret.

Security: Sharing information about your Bitcoin holdings can also make you a target for theft or hacking. Criminals may try to gain access to your wallet or steal your private keys, which would give them control over your Bitcoin.

Social stigma: Bitcoin is still a relatively new technology, and some people may not understand it or may view it as a risky investment. If you think that sharing your Bitcoin holdings could result in social stigma or discrimination, you may choose to keep it a secret.

Legal and tax considerations: Depending on where you live, you may be required to report your Bitcoin holdings for tax purposes or comply with other legal requirements. If you are uncertain about the legal and tax implications of owning Bitcoin, you may wish to consult a financial or legal professional.

In general, it is important to exercise caution when sharing information about your Bitcoin investments, especially online or with people you do not trust. You should also take steps to secure your Bitcoin wallet and protect your private keys, such as using a hardware wallet or a strong password. Ultimately, the decision to keep your Bitcoin investments secret is a personal one that should be based on your own individual circumstances and considerations.