Do not share your bitcoin holdings with everyone

[arhipova]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

[1715328207]

1715328207

[1715328207]

1715328207

[1715328207]

1715328207

[1715328207]

1715328207

[Zaguru12]

This advice should be just straightforward do not flaunt your wealth. If you use the search function you will see members have created this kind of threads and posts warning of this. It doesn’t only exposes you to the government eyes but also exposes both you and your family to dangers. Sadly this is one of the many bad things social media has introduced, many People mostly Gen Z flaunts themselves and don’t see it as breaching their own privacy.

Also many people have had this bad narrative that those involved in bitcoin investment are super rich people because they make profit everyday. So when news of you having them go out you are at a huge risk of getting kidnapped or killed for it

[Orpichukwu]

In the society in which we find ourselves today, being wealthy alone makes you a target for kidnappers, and it creates more enemies for you as a human. Your financial life should be kept secret from the eyes and knowledge of others. That way, you can rest assured of your own personal safety.
 
It has already been said that time without privacy matters a lot. It's not just because you want to hide your identity, but for security reasons. If one starts broadcasting their bitcoin holdings, then there is no privacy attached to their investment; they can just add a name tag to all their addresses so that people will notice how wealthy they are in crypto.

Only those who are looking for attention always share their holdings information, and their reason for such is what I can't really figure out as they always fall victim to either being killed, rubbed, or any sort of criminal assort.

[Cantsay]

It’s never a good practice to let others know about your financial life, sometimes it’s even better if those close to you don’t even know anything about your finances or how you receive and spend money, on what form is your money keep, the type investments that you have ventured into, just be as secreting as you can be. Because there’s a higher chance that you’ll attract people with ill intentions toward you just as what happened to the person in Op.

And this is the reason why I always admire those that still go out of their way to publicize bitcoin; because if I should try to tell people what bitcoin is, even when I don’t have much in possession as long as I know what it is I’ll be categorized as a very rich person because they think only extremely rich people can have bitcoin and this is also an example of how one can be at risk for letting other know about their finance.

[mk4]

Yep — applies to not only bitcoin and crypto, but your wealth in general. It's simply the most nonsense thing ever as all you're going to gain is a bit of bragging rights, in exchange for a dozen of potential problems. Next thing you know your friends and family are now trying to loan money off you, and a kidnapper with a $5 wrench is waiting for you around the corner.

https://chainsec.io/wrench-attack

[blckhawk]

This advice should be just straightforward do not flaunt your wealth. If you use the search function you will see members have created this kind of threads and posts warning of this. It doesn’t only exposes you to the government eyes but also exposes both you and your family to dangers. Sadly this is one of the many bad things social media has introduced, many People mostly Gen Z flaunts themselves and don’t see it as breaching their own privacy.

That only works for people who have a moderate amount of wealth, when you move to a certain threshold, the money you're earning and the wealth that you've got is going to show and the only way you can be secure is hiring a security services and isolating yourself from others which is sad and deplorable as it's going to remove you the human experience as time goes on. Also, it's not entirely the fault of someone when they flex their wealth or celebrate the money that they've got, we are forgetting the fact that someone's committed a crime on someone because we want to force our ideals on others about not being a show-off, it's not a crime to flex your money or wealth anyways.

[Bananington]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

you can often let your guard down when you find yourself in the midst of people you call very close friends and even family because you believe that these people have the same love for you and will respect the trust you have for them. But some of these people are more dangerous than the people you fear outside, because to some of them, they have no respect for the trust you have for them are not even interested in sustaining any relationship you have. As you are careful of strangers, be also careful about the people you call friends and family.

[Eternad]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This is not new. Actually it’s dumb to flaunt Bitcoin in public while the main goal of using Bitcoin is for decentralized transactions. Most of the people doing are those arrogant or someone who’s using his gain to attract other user to invest while benefiting on them through referral link.

I have a lot of friends like this on social media and most of them promote ponzi after sharing huge holdings of crypto asset.

Not only Bitcoin is subjected to this but anything that is valuable because you are attracting someone to rob you because you don’t who will rob you while they freely observe and wait for perfect opportunity to attack you.

[pawanjain]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Lol, in the current decade, the most dangerous people are our relatives.
They easily get jealous of our growth and continuously find ways to harm us in one way or the other.
It's not just about bitcoin but we shouldn't disclose any of our assets to anybody (except for the one who can inherit our holdings).

[electronicash]

even relatives couldn't be trusted anymore. heck you can't even trust your wife with your money. she'll take that away from you every chance she gets.
posting something like your wallet on social media will get you killed because people today have no jobs and no means to make money. if they can find where you are and know a life incentive, a robber can plan his entire month waiting for his chance. you best keep your social media post to posting images of your launch 

you can only trust yourself with your money. there were crimes in which sons killed their fathers for the inheritance, that's very terrible.

[michellee]

I agree with what @OP said. We can't take risks by telling how many Bitcoins we have. We don't know who is good and bad so we can only be careful. This is not only for Bitcoin ownership but also for ownership of other assets.

We have to be careful not to arouse evil intentions from people we don't know. We should just act as we are and if we want to teach Bitcoin to other people, we just teach what we know and don't need to show them how many Bitcoins.

In addition, by hiding the amount of Bitcoin we have, we can stay safe. No one will be suspicious or have evil intentions. It's better for us to be ordinary people who don't invite any suspicion from people.

[CryptoHeadlineNews]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

The world is wicked, and so is the heart of men, and that's why I will always keep respecting Satoshi for staying anonymous despite after Bitcoin got mass adoption and the price skyrocketed higher for his safety and other reasons best known to him/her. But however, financial literacy is one that I have noticed that most people lack after investing, and securing their funds, knowing fully well that no matter whatever relationship you may have got with anybody, when it comes to financial status, that's one thing you ought not to have reviewed to anybody, but yourself alone. As you never can tell who could hurt you tomorrow, since people changes everyday, and as such the only way to avert such scenario is to keep our finance private.

[letteredhub]

One of the most terrible mistakes we make as individuals is disclosing our financial power to an outsider.
Most times we just want to show up or being less secretive, as a person it endangers our life expeccially when we do it among the poor.

Have you ever ask yourself why the rich people stay far from the poor, it's because they are afraid of their safety.
Exposing your financial status is very dangerous to you, remember that people can only ruin what they know, they can't ruin what they don't know.

[Grizzly888]

It's not only about crypto. Everyone should clearly understand, if you shout about your wealth, always flex your money - one day you might have huge problems. Because people with bad motives are not sleeping, they constantly monitor rich and heady guys, and after do whatever they want to reach seed phrase etc. My recommendation is still actual, work on your finance, invest, become richer and richer, but don't tell it to others, don't run own pages in social media with rich life. Otherwise, one day you might lose all your wealth or even worse - you may lose your life. Money loves silence. FACT.

[bitzizzix]

Only a fool shows his wealth or the amount of Bitcoin ownership he has, because it is very risky and invites problems that can have fatal consequences. And if you look luxurious or rich, it doesn't matter, because
There are many people like this and even poor people can look like rich people.
Because people can become evil if they find out the amount of their wealth because they feel jealous which will give rise to evil thoughts to take it in any way, and maybe only newly rich people act like that because they feel arrogant.
In fact, there have been many cases like this that should be used as examples and lessons so as not to carelessly show large amounts of ownership to anyone, including family and friends.

[Don Pedro Dinero]

Let's see, I would like to relativise the general opinion that you have to keep your wealth secret.

This advice should be just straightforward do not flaunt your wealth.

In the society in which we find ourselves today, being wealthy alone makes you a target for kidnappers, and it creates more enemies for you as a human. Your financial life should be kept secret from the eyes and knowledge of others. That way, you can rest assured of your own personal safety.

Yep — applies to not only bitcoin and crypto, but your wealth in general.

If you have an income that is in the top 5% of earners in your country, what are you going to do, move to a poor neighbourhood, live in a shitty flat and drive a shitty car to hide? It's one thing if you don't show off, but if you have a high income it's normal to live in a good neighbourhood and drive a good car, to give a couple of examples.

[Zanab247]

Many things are happening these days which, we need to be very careful who will share our BTC investment details with because you don't know who is your enemy and your enemy that can do such evils to you can be your relatives or friends who you helped some years ago or the ones you are trying to help to rise like you.

Now that many people know what BTC is all about in the society and, the moment they discovered you are a bitcoiners in the environment, they know you are a wealthy man or woman and they can use anything to get money from you either by kidnapping your lovely wife or your handsome husband that will make you to send BTC as a ransom before they can release he or she which you must pay for the person to get freedom.

[Pi-network314159]

Some peoole always have that characteristics of intemedating people with what dey have. Not only in crypto currency sometimes I wonder how somebody will be intimidating his fellow human being because of what he/she has. life should be a simple thing that everybody should understand. Sometimes we drag on peoples attention to ourselves. A man Got kidnapped by just telling his friends his achievements. and paid a huge sum of money for his Ransom.

[pixie85]

It's good advice especially when you don't know what the value of your investment will be in a year or two and believe me, people you show it today will remember about it in a few years.

You may think like it's not a big deal, you told your friends that you bought 1 bitcoin last year at 16000 dollars which was a price of a new motorcycle so nothing special, unless you're dirt poor.
Now it's 30 000 so you can buy a nice car for that, and not the cheapest little thing, but something fancy like a 2020 challenger or mustang. That can make them envious already.

Next year if ETF gets approved we'll be expecting to see bitcoin at 60 000, or even at a new ATH. In terms of cars that's a Tesla S. Many people would kill for that money.

[ChiBitCTy]

As a financial advisor and someone who takes security very seriously, I highly recommend telling NO ONE how much bitcoin you have or money or what your yearly salary is etc.  It's no ones business except for if you have a spouse.  Other than that, friends and family don't need to know.  Never brag about your money either.  It's important to stay private in this area.

I see all these stupid social media clips where people with a camera and mic walk up to people and just straight out ask "how much is you rent" or "how much money do you make per year".. your answer should always be.."thanks but that's information I don't share, have a good day".

[Miles2006]

In this situation the person might have learnt his lesson, why disclosing your wealth and money to friends and relative in this modern world where poor people are envy of peoples success and wealth. Maybe his intention was just to inform his relatives or friends about his wealth (bitcoin) unknowingly to him that this will happen, And most people see bitcoin as an investment with high profit. There are two set of people when it comes to financial matters, the ones that have I don't care life, nothing will happen to my money even if I disclose it to people and the ones who are always careful when and where to talk about their wealth. Honestly speaking the choice of friends we keep matters a lot for example making friends with a harm robber the end result will tell, it's either you join them or you fall victim.

[Zaguru12]

If you have an income that is in the top 5% of earners in your country, what are you going to do, move to a poor neighbourhood, live in a shitty flat and drive a shitty car to hide? It's one thing if you don't show off, but if you have a high income it's normal to live in a good neighbourhood and drive a good car, to give a couple of examples.

I think I am misunderstood here about flaunting your wealth, this is not about depriving your self a well deserved luxury life, but rather trying to make it excess or more so getting used to exposing them to camera. If you’re frequent on social media you will have seen many Gen z taking photos of even what they eat at home while it’s not an advertisement. There are many made people who try to avoid some of this camera stunt except when it is needed to be done, that is the kind of life I meant to say.

[Crypto Library]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Where Bitcoin was created for privacy and to create a decentralized economic system. If someone exposes important information about his holding or fund in front of a third person, then surely it is nothing but stupidity. Far from kidnapping, hackers can fall prey to everything from phishing attacks to vishing attacks. I think it shouldn't be disclosed to any other third person people about the information of Bitcoin holding neither if the relationship is not very close like family member.
Normally in countries where cryptocurrencies are legal, many people suffer from hassle for them as already mentioned in the post. And if there's a country where cryptocurrency is illegal, don't tell any of your friends or neighbors about your Bitcoin earnings or holdings.  If I speak about my country here Bitcoin is illegal,  and there are also many records that the neighborhood leaks information and at the end of the day the person faces money laundering case.

[Youngkhngdiddy]

I think I am misunderstood here about flaunting your wealth, this is not about depriving your self a well deserved luxury life, but rather trying to make it excess or more so getting used to exposing them to camera. If you’re frequent on social media you will have seen many Gen z taking photos of even what they eat at home while it’s not an advertisement. There are many made people who try to avoid some of this camera stunt except when it is needed to be done, that is the kind of life I meant to say.

  I feel like some people don’t even know what privacy means anymore, they just want to put everything on the internet so that they may gain likes or views. They forget that when you are too open and available for everyone you become even more vulnerable and open for  attacks. But when you Lowkey the enemy won’t even know where to attack from cause they don’t know any weaknesses. There is this level of trust you will have with someone which can make  you open about anything to the person even  showing him your holdings wouldn’t be a thing to think twice  he may be your brother or a friend it is okay to be  open with your close ones but when you do know when to stop sharing too much information meant for you alone. Even when life is not fair and people can fall off at any time which is normal, which should know that  not everyone can have the mind to do evil deeds, and not everyone what’s the bad of you there’s are still people who wants the best of you too.
  They are things the public shouldn’t know about you, like your twelve phrase word of your account and some other personal informations. We can’t tell who is coming for us, now that every thing seems rough and the country is not helping, some are looking for who to take advantage of. In a jungle where it’s a survival of the fittest never be the prey. You know to an extent I feel it’s good to have someone that one person you can trust and vouch for to know our password so that if in the worse case we are no more the person can work and distribute our wealth they way we want them to be distributed. I know such people are rare to see but  people who are loyal to the end still exist. They exist just so we know this are the type of people we need to have  in our corner so that even anything goes wrong they can stand in for you.

[Finestream]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not only for bitcoin but in all types of investment, you have to keep your privacy and stay low-key and never disclose anything personal that will be used against you later on. As we are in the world of uncertainty, trust no one but only yourself. You don't have to let other people know your latest achievements in life, either you just want to brag or inspire other people, still you are just putting yourself in danger.

Most especially in the case of bitcoin where everyone knows that its not ordinary but a very expensive investment. So their mindset that if you have bitcoin hodlings, then you are incredibly rich. Which is really true if you convert them into cash. That's why as much as possible learn to live in private so you can prevent the people from suspecting you and make you as their new target victim. 

[stomachgrowls]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Even with simply with fiat or neither on crypto, its never been that ideal on sharing up information on how much you do hold. You are really just that putting your life and your families life into danger considering that
there would really be those people who do easily get jealous or simply having that criminal minds on which they would really be ending up on abducting you or your loved ones in exchange for ransome.
Specially if we do speak about holding tons or huge amounts of crypto on having huge value then for sure it is really that an advantage considering that it would really be a decentralized payment or transaction
on which there's no way that it could really be retrieved out once it would really be passed or transact it back by the criminal.

Sharing up confidential information such as this is really just that like that you are putting up a gun into your head. Its suicide! You are really that putting everyone at risks and danger.
Even if we do say that even relatives could really make out such intent if the jealousy is really on the rooftop. They are the ones that would really be making such act considering
that they've been aware that you are really that a rich guy. So better to be low key and never ever share up those important information which it could potentially put your life
in danger and also with your loved ones.

[Japinat]

If you have an income that is in the top 5% of earners in your country, what are you going to do, move to a poor neighbourhood, live in a shitty flat and drive a shitty car to hide? It's one thing if you don't show off, but if you have a high income it's normal to live in a good neighbourhood and drive a good car, to give a couple of examples.

I think I am misunderstood here about flaunting your wealth, this is not about depriving your self a well deserved luxury life, but rather trying to make it excess or more so getting used to exposing them to camera. If you’re frequent on social media you will have seen many Gen z taking photos of even what they eat at home while it’s not an advertisement. There are many made people who try to avoid some of this camera stunt except when it is needed to be done, that is the kind of life I meant to say.

This is why you need to stay lowkey despite of your life's achievements. Well, we can't hide actually from the people if we want to live a good life, but unless you're not making any sugar coat and you don't flaunt your wealth, then no one will suspect you that you are currently successful in your bitcoin investment or whatever investment you have.

A lot of people are living in luxury but without no life's issues. That is because they just live simply as it is, enjoying what they have, and not to obviously spread one's wealth just to sound boastful or to prove to the people around you that you are better and richer than them.

[n00ber]

Not just with bitcoins, never show off your assets to anyone, thieves or kidnappers, they don't just need your bitcoins but they will take anything of value from you. So, showing off your wealth to others is just stupid. Stories of kidnapping for ransom in bitcoin, or threats to rob bitcoin, are similar to stories of robbery of valuable property. I mean, not only should we not show off bitcoin, but even assets like gold or fiat should never be shown off. Bitcoin is just money, nothing to brag about.

[RockBell]

In this situation the person might have learnt his lesson, why disclosing your wealth and money to friends and relative in this modern world where poor people are envy of peoples success and wealth. Maybe his intention was just to inform his relatives or friends about his wealth (bitcoin) unknowingly to him that this will happen, And most people see bitcoin as an investment with high profit. There are two set of people when it comes to financial matters, the ones that have I don't care life, nothing will happen to my money even if I disclose it to people and the ones who are always careful when and where to talk about their wealth. Honestly speaking the choice of friends we keep matters a lot for example making friends with a harm robber the end result will tell, it's either you join them or you fall victim.

About disclosing you wealth to your friends depends on the the kind of friends you have, there are friends that will give you good advice on how to manage your assets well sometimes two heads are better than one, but even at that you just have to be careful of some people that think they are your friends. The envy for the rich is always there, and everybody have there own story of becoming rich, when people see successful people. And to some extent I feel its not bad telling your family or friends about your assets but it should be selected. Bitcoin have good profit but it has its own timing. One of the best things is to have good friends, because they are aware of everything I do in case of anything comes up they know what to do.

[salad daging]

When people ask me, 'Do you have any bitcoin' I answer NO, just a few cents for fun and better to keep cash than BTC, for diversion.

So it is indeed a stupid thing when someone shows off bitcoin to many people, especially on social media with the catch that he has managed to invest a lot in bitcoin, it will actually be a terror for himself because he has revealed privacy about bitcoin ownership.

I would not be surprised now that there are still many crypto influencers always showing portfolios to their followers, this is a stupid act, but the fact is that human nature always wants to be careless by showing off its wealth, especially the popular bitcoin.

[livingfree]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's best to remain lowkey when the topic is all about how much Bitcoin you're holding. Because you don't know what's on the mind of these people even if they are your relatives.

You'll never know how they're going to react when they're in a situation that deals with financial hardships while you're there showing how much money you've got.

If they are in dire need, they could do the impossible. And just as these news below in the past, we should be careful not to get kidnapped and attacked by a $5 wrench.

Missing Crypto Millionaire, 41, Found by Children Dead and Dismembered in Suitcase in Argentina

Some teenagers are making a fortune trading Bitcoin—one even got kidnapped because of his success

[Quidat]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's best to remain lowkey when the topic is all about how much Bitcoin you're holding. Because you don't know what's on the mind of these people even if they are your relatives.

You'll never know how they're going to react when they're in a situation that deals with financial hardships while you're there showing how much money you've got.

If they are in dire need, they could do the impossible. And just as these news below in the past, we should be careful not to get kidnapped and attacked by a $5 wrench.

Missing Crypto Millionaire, 41, Found by Children Dead and Dismembered in Suitcase in Argentina

Some teenagers are making a fortune trading Bitcoin—one even got kidnapped because of his success

This is the key on which making yourself that "Low key" it isnt really just that hard on doing so if you do really give out importance into your life. There's nothing that you could lose
if you do just remain to be this way on which you are really that avoiding into those potential life threatening situation if you do just simply zip your mouth and never talk about on how much
money you do have because just like on what mostly been said on people on here that you are really just that putting yourself in danger. We know that money is precious and there are really
people who do just simply jump in and would really be killing out people just for the sake of money. Whom does really want that? So if you dont like on getting killed
then better shut up your mouth.

Live according into your liking but of course dont tend to share up on how much money you do have and how much you do own.
Criminals are really just that lurking in the shadows and just really that wait up for the perfect opportunity on which they could be able to kill someone for the sake of money.

[Natalim]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Jealous - a certain behavior that make someone commit a crime even if it was their relatives and friends. A reason why we should not let people know that we are wealthy people and that we are holding a lot of Bitcoin for this will give interest to others. Perhaps, we can trust any of our relatives and friends but not to the fullest at least, we still leave a gap. We can't set aside that someday, any of them has an evil plan.

But what happened to OP's story, is probably that person is not a close relative to him. But still, he is wrong and he should not expose his Bitcoin to everyone even if it was his relative.

[JunaidAzizi]

Some peoole always have that characteristics of intemedating people with what they have. Not only in crypto currency sometimes I wonder how somebody will be intimidating his fellow human being because of what he/she has. life should be a simple thing that everybody should understand. Sometimes we draw people's attention to ourselves. A man Got kidnapped by just telling his friends his achievements. and paid a huge sum of money for his Ransom.

People always want to dominate others and dignity and use means to increase it but they don't think that this might increase the risk for their life. Those people who are newly rich do such stupidity they want every person to know how much money they have. Why they are showing their assets to other, you are not making money for the people to know how much they are rich you make money to make your comfort zone and I think every person need to stay away from this type of preaching to others. What will happen if know your money, just comes in the eyes of the government and if Bitcoin is banned there then it would cause many other complications for you with risks to your life and your loving increase.

[gunhell16]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Maybe something like that wouldn't happen if the person who had a lot of cryptocurrency or Bitcoin holdings didn't talk about it, right? I don't have anything; in fact, no one knows what my holdings are so far in the crypto business that I live in.

Even my husband himself doesn't know anything, although the only thing he knows is that this is the source of income, but he still doesn't know anything. Except for a close friend who shared this with me, I even trust him more than my husband, not because I don't trust my husband.
But I also plan to tell my husband little by little what I'm doing here, all for something unexpected that will happen, of course.

[SmartGold01]

This is the most important thing we should be very mindful of because people knows how valuable bitcoin is and whenever they heard about bitcoin it's assumed that you are holding thousands of it without knowing is just a fraction or a unit of it. And again it's very bad to flaunt our wealth especially our digital currency to online people or those in media like x because you will start receiving some random messages about fake investment opportunities that could give you double of your money whenever you investment with them. This can likely happened over here but there are some exception, if only you can block such user after sending you first messages and you didn't respond to them and if they continue sending you then you can blocked them not to receive their messages again.

[nakamura12]

What you have explained is the reason why many people giving advice to other people that telling others what you have may/will cause problems for you. Not all the times will happen to other people on what happened to the person you heard or know from news. There are some people who do everything just to get what they want. What you have said that he might lose his life during that time may happen but luckily he did not lose his life and it may happen to someone else. My neighbor got robbed while they are sleeping even though they did not share/flaunt what they have or how much money they have so, that's why it is not advisable to do.

[TimeTeller]

Some peoole always have that characteristics of intemedating people with what they have. Not only in crypto currency sometimes I wonder how somebody will be intimidating his fellow human being because of what he/she has. life should be a simple thing that everybody should understand. Sometimes we draw people's attention to ourselves. A man Got kidnapped by just telling his friends his achievements. and paid a huge sum of money for his Ransom.

People always want to dominate others and dignity and use means to increase it but they don't think that this might increase the risk for their life. Those people who are newly rich do such stupidity they want every person to know how much money they have. Why they are showing their assets to other, you are not making money for the people to know how much they are rich you make money to make your comfort zone and I think every person need to stay away from this type of preaching to others. What will happen if know your money, just comes in the eyes of the government and if Bitcoin is banned there then it would cause many other complications for you with risks to your life and your loving increase.

You can't avoid these days because they can flaunt their riches or boast using various social media channels.
But if you do really want a peaceful life where you don't need to always look over your shoulder, better be mum about your assets.
It is better to enjoy the fruit of your hard work with your immediate family. You don't need the praise of others to have a happy life.
Those who are very open in their socmed are indeed the usual targets of these fraudsters. They are just silently lurking around.

[Mr.right85]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Some reason why the system is meant to be private and you don’t get much on an address that could be tied to you due to usage on forums and perhaps amongst peers/associates.
You can’t completely tell who is out there to do harm and it’s a world where everyone is for himself.
Family, is the closest people you would want to trust but, not everyone in a family would be good with you, not everyone would be happy about your progress and not so many would be cool with the influence and control you have over the family.
These could be enough reason to steer greed and possible harm.

I think another set of persons whom this could sound a good warning to are those who are out there teaching, organizing seminars and preaching their success stories. It not only motivates but puts you in the spotlight and you never can tell who is it in the crowd.

[famososMuertos]

...//:::

The security issue is general, it is not only in the idea of ​​having bitcoin, people expose themselves incorrectly, privacy is something that must be known how to manage, the fact of having bitcoin makes it dangerous due to the essence of quickly to accessing an asset "efficient" way, so security and going "anonymous" also implies being anonymous in the offline world, it is common sense. In the long run, if you are pretentious, snobbish, you will fall into the clutches of evil, thieves.

[CryptoDeivid]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Showing a wallet address can be risky because doing so is revealing critical and potentially private information. Wallets are used to store and transfer cryptocurrency and are protected by passwords and private encryption keys. A wallet address is used to receive cryptocurrency and is the only information accessible to the public. When showing a wallet address to anyone, several risks can arise, such as using that information to manipulate or trick the person into making a cryptocurrency transfer. Fraudsters may falsify transactions or reverse the sequence of transactions. Additionally, it could cause the person to transfer their funds to a different address that they themselves control, giving clues to hackers and anyone who may be interested in stealing the cryptocurrencies.

Although a wallet address does not provide all the information hackers need to access the wallet, it can be a piece of the puzzle they need to gain access. If a wallet address is shared publicly, all transaction history associated with that address is also exposed.

For all these reasons, it is essential to keep the wallet address private and not share it recklessly. If you ever need to share your public address, it is important to do so only with people you trust and only after you have properly verified them. You should always be careful when displaying your wallet and ensure that your passwords and private keys are protected and secured.

[nurilham]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto.

It is surely a bad idea to tell people about our Bitcoin investment. Even if we tell to our relatives, we can't guarantee they won't respond it with bad things. How if they feel jealous or they are triggered to steal the Bitcoin? And it really can happen, the news you listened is one of the real examples. So, we must be careful to keep our investment, we don't need to do something that can risk the investment and our life, too. Always be humble and never feel to show up to others!

In my country, there is also the same case. A guy killed his friend because he wants to get the money from his friend crypto assets. He knows that his friend crypto assets is valued for big amount of money. So, he tried to steal the assets for paying his loan.

[Vaculin]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This is a very basic rule but it seems it's so hard for majority to follow. Why? Because we have this attitude that if we share our successful story to other people, we can inspire them to do the same thing and experience the same success. But its not happening in reality, it will only make them feel belittle and its like you are underestimating their own skills and capabilities. Until they become offended and get back to you for revenge.

This is why instead of sharing everything we have most especially when it comes to the success of our bitcoin investment, its better to save it on our own and never disclose anything about them. It's safer that people will think that we have no bitcoin hodlings or any expensive investment with us so that they won't think of getting an edge over us or trying to think things that will put ourselves in danger.

[milewilda]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This is a very basic rule but it seems it's so hard for majority to follow. Why? Because we have this attitude that if we share our successful story to other people, we can inspire them to do the same thing and experience the same success. But its not happening in reality, it will only make them feel belittle and its like you are underestimating their own skills and capabilities. Until they become offended and get back to you for revenge.

This is why instead of sharing everything we have most especially when it comes to the success of our bitcoin investment, its better to save it on our own and never disclose anything about them. It's safer that people will think that we have no bitcoin hodlings or any expensive investment with us so that they won't think of getting an edge over us or trying to think things that will put ourselves in danger.

Not really that totally a rule but rather it is really just that something which your common sense would really be telling you, you wouldn't really be that just so dumb on easily trying out to proclaim on how much money you do have, doesnt matter if its on crypto for or would really be in fiat form. Tendency or chances for you to have those life threatening situation would be high and this is something that we must avoid. Disclosing or sharing up
on how much you do own and i do agree on some points earlier that even your relatives would really be having that hidden jelousy considering that no one really likes in overtaken or specially seeing that you are living a life which is really that much better compared to them then it would really be just that normal that getting envy would really be there. The worst thing on here is that when that kind of feeling comes more severe
then this is where wrong intents and plans would really be mold up and this is why we should really be that careful.

[LogitechMouse]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

TBH, I don't know what's the reason why do we need to brag our portfolio to other people?

I mean there's nothing wrong with sharing that you own cryptocurrencies, but to share the total amount? That lessens your security because things like the OP shared can happen. I know not all of our relatives can do such things like this, but always take note that anything can change when there's money involved.

Well anyways, I guess the best thing to do is to not share to anyone your total holdings. Saying that you own cryptocurrencies is enough already, and if there's a chance, you can teach them how to do it as well. Don't brag it like you are the richest man already, and try to help your relatives so that it will not end up like this.

[Assface16678]

Lesson learned: never ever share anything on social media. Well, it's not bad to share your achievement, but do not brag about it, and never share the wealth you have because that's when scammers or people who take advantage of people do so. You see, that is the problem now. People always share even the little things on social media; it's like a new norm now.

I also have friends who flex their bitcoin things or their trading journey or screenshot, which I don't contradict, but the thing is that they give the wrong idea about bitcoin or trading to the viewers of their posts or stories. Beginners in bitcoin will think that it is easy to earn in bitcoin, and if those viewers of their stories or posts nag them, asking for help on how to earn, which is a hassle because they want to learn bitcoin just because of the money. That's why I'm not a fan of flexing my achievements and earnings on social media.

[DabsPoorVersion]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

TBH, I don't know what's the reason why do we need to brag our portfolio to other people?

I mean there's nothing wrong with sharing that you own cryptocurrencies, but to share the total amount? That lessens your security because things like the OP shared can happen. I know not all of our relatives can do such things like this, but always take note that anything can change when there's money involved.

Well anyways, I guess the best thing to do is to not share to anyone your total holdings. Saying that you own cryptocurrencies is enough already, and if there's a chance, you can teach them how to do it as well. Don't brag it like you are the richest man already, and try to help your relatives so that it will not end up like this.

Exactly, when it comes to money, specifically with crypto investment, sharing it to the other people or even with your relatives is a NO. Hiding your money to the relatives doesn't mean they are not trustworthy, but I don't see any valid reason for doing so. Who would know what the other people can do for money. Also, bragging your own portfolio might lead your life to be in danger.

Yes, as there are some people who can do anything for money. Letting anyone know the amount you own especially in cryptocurrency should not be done. It's enough to have other people/relatives to know that you have crypto or know about crypto.

[serjent05]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This advice does not only include Bitcoin holdings.  Anything that is valuable should not be flaunted and bragged to anyone, especially on social media platforms.  Showing one's wealth brings the temptation to ill-intentioned people.  This will put a person and his family's life in danger when someone is triggered to rob the person of his wealth.

It is better to be humble and keep our financial status hidden from anyone.  It does not hurt to not receive praise that we are good/great people because we successfully accumulate huge amounts of money.  In short better to keep a low profile and be safe than be acknowledged as high-profile but being targeted by wicked people.

[passwordnow]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario.

At least this has got a good ending, unlike the other stories that have been published that they have never recovered the funds that were robbed to them and even taken the lives of the owners. This is one reason why you should just shut your mouth when you're talking with other people. There's no need for you to be boasting about your holdings or just tell that you've got some knowledge but you are unfortunate that you haven't bought at the lowest price because of the volatility.  

The real-life that we're dealing with is full of people that you have to deal with and shouldn't be playful to them. Just limit the information that you're going to spit on your mouth because ill intentions could be made when you're enticing with everything that you say and the person you're talking to is also dealing with some hardships.

Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Never do that personally and even on online. Don't be comfortable to tell anything about your assets to other people because when you are on the spot and they kidnap or harm you, can you do anything with that? No. They are prepared but you're not prepared to protect yourself so just shut your mouth and let the conversation be on them to focus.

[GreatArkansas]

I am really curious why some people are really happy or willing to share their holdings or like worth. Especially in Bitcoin which we all know it's still new and some people misunderstand it like they don't fully understand.
Because here in our country, some people always thinking if you have Bitcoin, you already rich 

[Ben Barubal]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This advice does not only include Bitcoin holdings.  Anything that is valuable should not be flaunted and bragged to anyone, especially on social media platforms.  Showing one's wealth brings the temptation to ill-intentioned people.  This will put a person and his family's life in danger when someone is triggered to rob the person of his wealth.

It is better to be humble and keep our financial status hidden from anyone.  It does not hurt to not receive praise that we are good/great people because we successfully accumulate huge amounts of money.  In short better to keep a low profile and be safe than be acknowledged as high-profile but being targeted by wicked people.

  I concur that unless you have had a long-term, true faith in something, you shouldn't tell people about it if it's essential to you. Because confidence is frequently betrayed by those who suddenly exploit it for their own gain based only on what they learn from having been trusted.

  We also have no power over other people's thoughts, so it's still critical to know who you can truly trust. It's also preferable to be quiet and keep things simple rather than bragging to others about your own experiences. Because we occasionally talk so much that we fail to recognize that we are endangering ourselves.

[TelolettOm]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This is the importance of maintaining the privacy and security of our assets and ourselves. Maintain our privacy, by not sharing the assets we own in cyberspace, social media, or directly to other people around us. Because after all, evil is extraordinary, and can happen to us anytime and anywhere. Crime can be in the form of cyber crimes which can easily hack or steal our digital assets. Or also direct crimes, like those in this thread. I don't know whether it's true or not, but, this makes sense. When someone knows our assets and that person wants them, then crime may be created. We don't know what is happening to other people and what they are experiencing. We should not trust anyone too much, especially those closest to us, especially regarding sensitive matters like this, namely money.

[mirakal]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Never trust anyone even if it's your family and loved ones. Sometimes, those people will be the one to put you in danger. That is the reality especially when money is involved. Even if your intention is not to brag what you have, but eventually when other people see that you have better achievements than them, that's where envy starts to develop. And when it happens, the essence of family and loved ones is not felt anymore because envy surpasses.

However, I'm not saying this generally as there are still relatives who celebrate with your happiness and achievements, except for those who don't want to feel being surpassed or exceeded.

[goldkingcoiner]

This advice should be just straightforward do not flaunt your wealth. If you use the search function you will see members have created this kind of threads and posts warning of this. It doesn’t only exposes you to the government eyes but also exposes both you and your family to dangers. Sadly this is one of the many bad things social media has introduced, many People mostly Gen Z flaunts themselves and don’t see it as breaching their own privacy.

Also many people have had this bad narrative that those involved in bitcoin investment are super rich people because they make profit everyday. So when news of you having them go out you are at a huge risk of getting kidnapped or killed for it

Well, the Bitcoiners who were smart enough to hodl became insanely rich, so that is where that stereotype comes from. If you can call it a stereotype in the first place?  

I agree with you that people should not flaunt wealth. Anyone who flaunts their wealth deserves what he/she gets. That is something that is especially idiotic to do if one lives in a poor place.  

Some people have absolutely no situational awareness. You see this in the westerners who fly to third world countries because in their imagination, they will somehow help or save the people living there. Or if they are even worse in character, they go there to exploit the third worlders. But the truth is that, in the end, they get themselves get exploited and abused.

[adultcrypto]

This is a sensitive information in my opinion and sensitive information should remain a secret. There is a great advantage of keeping your Bitcoin holding secret. You will be bringing so much attention to yourself when people know how much you are actually worth; this can be a huge security threat.

Apart from ego, it is really not necessary makings ones Bitcoin holding public. The temptation is actually high but we must resist disclosing this information to the public.

[lienfaye]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Sometimes we just want to show off our achievement or what we have because we're proud of ourselves. But too much flaunting like this can put yourself at risk without you knowing. It's because not all are happy, some are envious resulting for them to commit such bad deed.

Therefore, it's not advisable to flaunt your wealth (not just your crypto but in general). Keep it a secret if you can so that others won't know. Trust no one especially nowadays that even family members can be toxic and greedy. This is not often the case but still happening in reality.

[blue Snow]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

That's a foolish thing if you share your investment with the people. Bitcoin is a popular thing, but many people out there don't know, and consider that some people are rich because have it even you own only a few BTC. By my experience, I showed my 0.1 BTC to my friend about 5 years ago. I just sold at that time, but until today, my friend still consider me as richest people who own bitcoin, even it's not much, but because he won't know the value and always hears the news if many people suddenly get rich because of bitcoin, my friend always consider me as one of richest people who own the bitcoin.

[bayu7adi]

Showing off wealth on social media or in public places proves that someone doesn't understand the meaning of privacy. Money is a sensitive matter for everyone, even when it comes to your friends. We never know what someone might plan if they find out that someone they know has a lot of money.

Theft, social inequality, negative attention, pressure, and more can become new problems for those who flaunt their wealth. The most frightening thing is the security threat, where anyone might do something reckless for money. They could even harm your family members or close friends if they realize that your money can be taken that way.

I myself have experienced this because when I first had money, I was never taught about ethics and financial education. Now, I have many friends who always borrow money from me for reasons I don't know. Many of them find it very difficult to repay their debts, and it's detrimental to me. I realize that more harm arises when we showing off our money.

[Ale88]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not telling people how much bitcoin you own should be like a basic rule, especially for your own security. If you really want to brag about it eventually just say that you had X bitcoin, you sold them, and you made a huge profit, but make sure to specify that you don't own any more bitcoin at this point. Anyway personally I would avoid also this option, some people may just believe that you still own bitcoins and may come after you anyway.

[legendbtc]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Sometimes we just want to show off our achievement or what we have because we're proud of ourselves. But too much flaunting like this can put yourself at risk without you knowing. It's because not all are happy, some are envious resulting for them to commit such bad deed.

Therefore, it's not advisable to flaunt your wealth (not just your crypto but in general). Keep it a secret if you can so that others won't know. Trust no one especially nowadays that even family members can be toxic and greedy. This is not often the case but still happening in reality.

Be careful with people and don't place your trust indiscriminately, especially with people who are not your relatives. There are also some cases where relatives become greedy, causing harm to us, but that is not too common. Therefore, we do not need to always doubt people, especially family members because suspicion will create distance between relatives. We want them to trust us, first of all we also need to trust them, bitcoin is just money and can be earned back at any time. But family affection is something that, if lost, will be difficult to regain, so you need to behave wisely.

[Kelvinid]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not telling people how much bitcoin you own should be like a basic rule, especially for your own security. If you really want to brag about it eventually just say that you had X bitcoin, you sold them, and you made a huge profit, but make sure to specify that you don't own any more bitcoin at this point. Anyway personally I would avoid also this option, some people may just believe that you still own bitcoins and may come after you anyway.

It is best to keep secret rather than tell anyone if we think it is threatening. Now, we realize how important to keep our privacy because more people have an interest in your life and even have a bad plan when they know you own a lot of Bitcoin. That is why we should be careful when talking about Bitcoin, they might ask us about it but should not mention that we are holding it. Though it was an isolated case, still we need to anticipate such a thing because we never know what is inside their mind, and whatever it is at least we are prepared.

[NeilLostBitCoin]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

He learned a valuable lesson about the dangers of arrogance that nearly cost him his life. Anyway, I think it's okay to mention it to your family or loved ones just in case something happens. But other than that, saying it mostly with anybody is like suicide.

[Texac]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not telling people how much bitcoin you own should be like a basic rule, especially for your own security. If you really want to brag about it eventually just say that you had X bitcoin, you sold them, and you made a huge profit, but make sure to specify that you don't own any more bitcoin at this point. Anyway personally I would avoid also this option, some people may just believe that you still own bitcoins and may come after you anyway.

This probably won't guarantee your safety either, maybe they don't just care about your bitcoins, they also care about how much money you have.  if you say you own a huge amount of money, it's like you're bragging and you're also in danger.  a thief or robber who steals your bitcoins will also convert them into fiat currency that they can spend, so bragging about having a lot of money or a lot of bitcoins is no different.  the best way is not to brag about anything involving large amounts of money to anyone.

[Blitzboy]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

The scenario you outlined is frighteningly typical of how greed can influence people's actions. It is essential to recognize the consequences of showing off one's cryptocurrency holdings. Such private information being made public reveals weaknesses that, as we've seen, even people in our trusted social circles can take advantage of. It serves as a sharp reminder of how important privacy is when it comes to assets.

One must ask: Is it ever really necessary to reveal the extent of one's financial assets? The lure of quick money with cryptocurrencies has been known to erode morality. In order to protect not only your finances but also your safety and well-being, it is wise to be discrete and err on the side of caution.

[Z390]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's no doubt that the true enemy is someone who lives closer to you, in many country co-workers hunt themselves down, one female who husband is a kidnapper went home and disclose to the husband that his colleague at work have millions of naira in his account, not crypto related but this needs to be said, because some people are the ones putting themselves in danger, and the bad husband arranged for the colleague to get kidnapped, the husband took all the money and killed the victim but they are both apprehended later when they use the same plan on someone else which revealed all their past victims.
The dead victim must have underestimated the friend at work because she is a woman, thinking what damages can she do, this haunt me for days because it happened very close to my house, and I know the husband too who doesn't look like a killer at all, I can never trust anyone I am sorry to say, as many carzy things have happened.

Even in families, if you know what's good for you, don't ever share your success and worth to anybody, some people don't even need your money, for the fact that you can grow that much and they are still struggling they are ready to destroy your life so that they can laugh at the end, you could ask that what will be their gain, well evil people do get some joy out of peoples fall.
Bitcoin isn't even popular in my country and I believe that this is why there isn't any crime committed about crypto yet, but I do have fear that in the future when Bitcoin is well known many people might be a target one way or the other.

[Natsuu]

I feel bad about him. It’s not his fault that he shared his investment to a relative. Why do those people who take advantage of the fortunate ones exists. He worked hard for it. Being a bit low-key about your crypto is like keeping your cool in a game. It's not their fault the situation happened, but being careful with what you share can definitely keep things safer and more chill.

[HelliumZ]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Of course they are bitcoin holders they must not tell others about the bitcoins stored in their wallets. Many Bitcoin holders have a history of kidnapping. People can do any wrongdoing for money so those who deposit in bitcoin wallets will take precautions considering their security.

[Questat]

I feel bad about him. It’s not his fault that he shared his investment to a relative. Why do those people who take advantage of the fortunate ones exists. He worked hard for it. Being a bit low-key about your crypto is like keeping your cool in a game. It's not their fault the situation happened, but being careful with what you share can definitely keep things safer and more chill.

Well, we never know exactly the whole story of the said incident and it was uncertain if that is because of Bitcoin (stealing) or something like a sort of misunderstanding.

But yes, in regards to investing, it is very important to limit the person who knows our investment as it was not necessary to inform everyone that we have this xxx and this...Perhaps, it should be kept secret if possible granting that we never know the minds of the people around us. We must remember that it is money and can possibly create temptation.

[Sim_card]

Sometimes it is we that cause so many financial problems that comes our way, this is because people that we think are our family and friends ends up to envy our progress, and this is why there is no need to let anyone to know how you make money and how much that you are worth. When this is done envy and evil thoughts starts to arise from their thoughts and before your know it they will go to any length to get money from you by force. It is better to save your life and your family by keeping you investment on a low key and act as if you have nothing than to endanger your life because you love to showoff your achievement. The heart of man is wicked.

[Bitcoin_people]

A person must be completely safe while holding Bitcoins or else one can definitely fall victim. When a person holds all his money in bitcoins and tells other people about it, that person's greed will work. Because investing in crypto is a huge amount of money and one time when its value increases and doubles the amount no one can handle the greed. That's why you should not share Bitcoin holdings with your relatives as it can definitely cause harm to you. So we should not tell anyone about the invested bitcoins it will be maximum security and no one will know. Moreover, in countries where Bitcoin is illegal, one should not talk about Bitcoin as it can harm a Bitcoiner the most. That is why you should not share your money with anyone else, it is safest that no other person knows the amount of money you invest except you.

[Promocodeudo]

Riches is not hidden but that doesn't meant that you should show up to people, indirectly letting them to know that you have million worth of investment, the evil that has befallen many rich personalities today is a result of their pride, the talk uncontrollably in the public nig minding who's is who around them, our society today is full of crime and social vices, people have to advise themselves, miscreant are everywhere looking for information that will enable them to carry out their evil doings, mind what you do, not everyone around you like you, this is the reason why every hodler needs to be extremely careful to avoid this event from occurring, sometimes keeping some information to yourself will help you.

[AicecreaME]

You should've added the link where we can read or watch the news you were talking about.

Nonetheless, it's not really recommended or worth to share your bitcoin holdings or any kind of investment you have to your relatives, friends, or even to your family that envy your success in a bad way. Trust no one, but yourself, since you're not gonna get anything from bragging your wealth, whether it's on social medias or when you're out with your family and friends.

Stay lowkey and keep them wondering about your success.

[Inwestour]

This advice should be just straightforward do not flaunt your wealth. If you use the search function you will see members have created this kind of threads and posts warning of this. It doesn’t only exposes you to the government eyes but also exposes both you and your family to dangers. Sadly this is one of the many bad things social media has introduced, many People mostly Gen Z flaunts themselves and don’t see it as breaching their own privacy.

Also many people have had this bad narrative that those involved in bitcoin investment are super rich people because they make profit everyday. So when news of you having them go out you are at a huge risk of getting kidnapped or killed for it

This could attract even more attention in a bull market when Bitcoin reaches 100k, so one important rule to always remember is that money loves silence. The new generation loves to put their lives on display, demonstrate on social networks, everything from the moment they wake up to what they eat and where they go.

But even more stupid things, in my opinion, are done by bloggers who talk about their investments in cryptocurrencies, show off their portfolios and their profits. It is logical that this will attract the attention of criminals who want to steal this money. You need to think several times whether it is worth doing this and whether it will bring benefit or perhaps only harm.

[|MINER|]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I don't think any wise people will share his these kinds of information to any other third party people. There are many people who tell this information to outsiders just to show off there nothing but only stupid. You have to learn what is bitcoin what is cryptocurrency. It's mean a disappear currency. The story you mentioned is actually happening in the world all the time.  A very small number of these have come before us, many of which remain outside the records.  So we have to protect our own privacy and learn the actual uses of Bitcoin.

[sokani]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's good to tell people about bitcoin but it's another thing to show people your bitcoin holding. Flaunting your wealth or showing people your Bitcoin holding is like cutting yourself with a knife and attracting sharks to yourself. The bible says that the heart of a man is deliberately wicked, who can know it.

So anyone can harm you, even your closed friend or relative can screw you up and steal your funds. I'm very discreet with my crypto dealings and holdings in other not to attracting unnecessary attention and putting myself in trouble.

[barisbilgili]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's good to tell people about bitcoin but it's another thing to show people your bitcoin holding. Flaunting your wealth or showing people your Bitcoin holding is like cutting yourself with a knife and attracting sharks to yourself. The bible says that the heart of a man is deliberately wicked, who can know it.

So anyone can harm you, even your closed friend or relative can screw you up and steal your funds. I'm very discreet with my crypto dealings and holdings in other not to attracting unnecessary attention and putting myself in trouble.

Showing off Bitcoin ownership to other people will certainly put us in an unsafe condition, it is very possible that people who know we have Bitcoin will have evil intentions with the assets we own, so it would be better for us to keep it with no one knowing and that could make us safer in holding Bitcoin. Indeed, no one can know what is in someone's heart even if they are very close to that person. We just need to be careful with our Bitcoin ownership so as not to attract the attention of people who have evil intentions towards us.

[Solosanz]

I feel bad about him. It’s not his fault that he shared his investment to a relative. Why do those people who take advantage of the fortunate ones exists.

No one cares, as long as they can make money instantly, why not?

Money is the most important, while friend or relative is more than one which mean you can get more friend or relative especially if you're have a lot money.

It's wrong? yes, but most of people think like what I said above, so trust no one and keep being private.

[livingfree]

It's best to remain lowkey when the topic is all about how much Bitcoin you're holding. Because you don't know what's on the mind of these people even if they are your relatives.

You'll never know how they're going to react when they're in a situation that deals with financial hardships while you're there showing how much money you've got.

If they are in dire need, they could do the impossible. And just as these news below in the past, we should be careful not to get kidnapped and attacked by a $5 wrench.

Missing Crypto Millionaire, 41, Found by Children Dead and Dismembered in Suitcase in Argentina

Some teenagers are making a fortune trading Bitcoin—one even got kidnapped because of his success

This is the key on which making yourself that "Low key" it isnt really just that hard on doing so if you do really give out importance into your life. There's nothing that you could lose
if you do just remain to be this way on which you are really that avoiding into those potential life threatening situation if you do just simply zip your mouth and never talk about on how much
money you do have because just like on what mostly been said on people on here that you are really just that putting yourself in danger. We know that money is precious and there are really
people who do just simply jump in and would really be killing out people just for the sake of money. Whom does really want that? So if you dont like on getting killed
then better shut up your mouth.

Live according into your liking but of course dont tend to share up on how much money you do have and how much you do own.
Criminals are really just that lurking in the shadows and just really that wait up for the perfect opportunity on which they could be able to kill someone for the sake of money.

It's not hard to remain low key but sometimes when our ego needs some feeling. We tend to boast what we have especially with our Bitcoin holdings.

We are trying to control that to ourselves but we're having hard time controlling it when we're already in front of the people that we're comfortable talking to.

But that's the problem, you don't know the minds of the people you're talking to even if you know them personally.

[Renampun]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

There are many people out there who struggle hard and are crazy enough to get money so they will commit any crime just to have money and now Bitcoin is known as one of the assets that can make someone rich overnight so there's no need to be surprised when you brag about yourself having large amounts of bitcoin or other crypto assets, you will become a target for fraudsters and robbers.

don't flex - don't show off - don't brag about whatever you earn and have, especially if it is related to Bitcoin or the famous altcoin, you are just slowly putting yourself into the crocodile's nest.

[Z_MBFM]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I have actual evidence of this and such an incident happened in front of me. A friend of mine came to visit my city from far away, and met another person from the same city online.  And he easily convinced her a little bit and happily shared with her that he had $105k in BNB, BTC and USDT. As a result the friend was kidnapped and the entire $105k was taken from him. My friend gives those dollars to kidnappers to save his life. He is now financially damaged and his condition is very bad. Because he invested all his money there and also took some loans. So I would suggest that everyone hides his holdings.

[Cryptomultiplier]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I have actual evidence of this and such an incident happened in front of me. A friend of mine came to visit my city from far away, and met another person from the same city online.  And he easily convinced her a little bit and happily shared with her that he had $105k in BNB, BTC and USDT. As a result the friend was kidnapped and the entire $105k was taken from him. My friend gives those dollars to kidnappers to save his life. He is now financially damaged and his condition is very bad. Because he invested all his money there and also took some loans. So I would suggest that everyone hides his holdings.

Similar stories like yours, I have heard too, and although this had nothing to do with Bitcoin, it stresses on one of  the dangers that exist when anyone goes about blabbing to anyone no matter how close, mostly to a supposed friend, about how much they have or earn or kept in HODLing.

The worst about the subject of crypto is that, everyone these days believe that those who trade crypto no matter the currency, have more money, and although it is not so, the most important underlined truth is that any discussion with a newbie or spy or friend, need to be more on enlightenment of how to earn or invest in some kind of crypto currency, even if it ain't necessarily BTC.
This interest will help open their minds to the possibility of owning theirs instead of thinking how to steal or kidnap to gain all ones hard earned investment.

[Publictalk792]

Yes of course my dear friend. This will be harmful for you or for that person who will show its holding amount of Bitcoin or any other crypto. Like you have mentioned a story which is totally telling us a moral. Which is that never show your holdings to anyone. So if anyone will do that so he/she can face a tough time because anyone can do anything bad and can ask you to withdraw your holdings and will ask to send it to him. So always show your holdings to a trusted person.

[coolcoinz]

The advice is good and I agree that it's important not to brag, but on the other hand you want others to know about this opportunity.

Imagine the conversation going like this:
-Hey, have you heard of bitcoin? Maybe you'd like to move some money there since you're looking for an investment.
-Have you invested some of your money?
-I can't tell you.

Sure, we should be cautious with our money, but let's not take it to extremes.

[Biznesmen]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I have also heard about lots of kidnapping news and the kidnappers asking about Bitcoin wallet accessibility. Whenever we improve the safety of our income by using technology and create new income through new technology, we should also be alert to scammers both online and offline. Online scammers are stealing our money and data; robbery and kidnapping are situations that are even more threatening or dangerous to our lives. Bragging about our income directly or indirectly leads to trouble, not only from strangers, but most close ones are the real culprits sometimes. So apart from trading and making money, learn how to safeguard the money by using technology.

[chmod755]

The advice is good and I agree that it's important not to brag, but on the other hand you want others to know about this opportunity.

I told some people that I made crypto profits in the past, but I did not tell them that I still own some cryptocurrency.

Profits in the past are not an indication that people will profit from crypto in the future, maybe something else will replace cryptocurrencies completely...!

[suzanne5223]

I feel bad about him. It’s not his fault that he shared his investment to a relative.

It is his fault for showing his cryptocurrency investment to relatives because humans will always be human and we have seen good people go bad because of money. Besides, the news of crypto investors getting killed and robbed by close friends/family should be a lesson for him.

Why do those people who take advantage of the fortunate ones exists.

That's because it's human nature to be jealous but every human that can't control his/her jealous buzz will lead into something else and that is the case of what happened to the person OP was talking about. Besides, this reminds me of Fernando Perez Algaba a crypto billionaire who was murdered years ago.

[SOKO-DEKE]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

That is why it is never a good idea to tell people much about yourself, because that will later be the channel that they will follow whenever they want to attack someone. I may say that if nobody knows much about it cryptocurrency involvement, they could not even kidnap the person because. But I don't know why some people love telling so much about themselves to people or
show much about themselves in social medias especially when it term of their financially abilities,but may be they  doing it to gain respect because I don't see why I need to tell people so much about myself, if not the reason of respect people are looking for.
 
Bitcoin investment It is a very calm and cool privacy investment that if you don't tell anyone about yourself, they will know nothing about you. It is not like others physical  investments. In fact, nowadays, anyone who tells a person that they are into bitcoin investment will always assumed that person is rich because they know the value of bitcoin. So the idea of someone exposing themselves to people can easily lead them into different which can even make them lose their life's in short even their families.

[Y3shot]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This is not just about bitcoin,  but anything that has to do money or wealth. The person was kidnapped because the people understands that bitcoin have value and they might have also know the amount of Bitcoin he has in the wallet.  If it was also fiat they discovered that he had the same incident would have happened.  People just need to be very careful keeping their wealth secrete to themselves, and to reduce the level of flamboyant life they live, this is the easiest way of letting people know how much one is worth.

[Lorence.xD]

Yes of course my dear friend. This will be harmful for you or for that person who will show its holding amount of Bitcoin or any other crypto. Like you have mentioned a story which is totally telling us a moral. Which is that never show your holdings to anyone. So if anyone will do that so he/she can face a tough time because anyone can do anything bad and can ask you to withdraw your holdings and will ask to send it to him. So always show your holdings to a trusted person.

Revealing that you are owning a Bitcoin especially to strangers could literally be a threat as they might do illegal things just to attain your holdings like hacking your device, stalking and worst is violence. That's why it's really better to share your Bitcoin experienced to people you trust and you know that they would acknowledged your introduction to Bitcoin, because we know that the common reason why some people share their Bitcoin experience is to spread the benefits and opportunity they can get from Bitcoin. Plus in case of emergency like something bad might happened to you, then there's someone that can help you to recover your funds.

[Sanitough]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not only bitcoin but certainly in all investments that you are currently into. Learn to live life privately and keep sensitive information only to yourself. Even if you say your relatives deserve to know about your investment since they are asking too, but know that when it comes to money, you can never trust a single person even if he is part of your family. That is why it's best to keep your mouth shut about your current investment and achievements in life. You don't owe any explanation for them as each of us has a private life that we need to protect.

[oktana]

It is not just about security; it’ll also avoid unwanted attention. When you share your Bitcoin holdings (or wealth in general), you would most likely attract the attention of friends, family, or acquaintances who might ask for financial support, and this can birth uncomfortable situations or even strain the relationship you have with that person (it would be very bad if it occurred with a family member). So keep it to yourself, before you end up hearing everyone’s needs and wants.

[Baofeng]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I mean it's common sense though, you shouldn't flaunt your wealth in social media simply as that. We have heard a lot of knows about kidnapping and the $5 dollar wrench attack.

Here is a good read:

https://chainsec.io/wrench-attack/

1. Keep it private

2. Prevent getting unwanted attention

3. Have better home security

4. Learn martial arts

5. Set up a dummy wallet

The moral lesson here is that everyone should be low key and at least remain anonymous in the crypto world. Don't tell anyone about your bitcoin holdings as this could have dire consequences later.

[Viscore]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

This news is out to prove that you can never trust a single person once money is at stake. Whether its a relative or a close friend, you should always set a boundary between the two of you. That way, your privacy will always be safe as you chose not to share every private information that needs protection. And this is where we should learn to live life being lowkey. You don't have to flaunt your wealth but keep it on your own. Otherwise, the way you tell others that you have bitcoin in your life will push them to plan a bad attack on you simply because they want to steal what you have that they even don't have.

[Mr.suevie]

Hiding your Bitcoin or any other of your finances is essential in a world that's filled with wicked thought about people success and what the OP related is exactly an example of why one should keep his holdings or any form of wealth a secret. There is this serenity that comes to everyone when there is not much details of his or her finance because no one actually knows how to get to you or be jealous of you because their nothing to envy and be jealous about.

[HelliumZ]

Hiding your Bitcoin or any other of your finances is essential in a world that's filled with wicked thought about people success and what the OP related is exactly an example of why one should keep his holdings or any form of wealth a secret. There is this serenity that comes to everyone when there is not much details of his or her finance because no one actually knows how to get to you or be jealous of you because their nothing to envy and be jealous about.

Intense attachment to wealth leads to envy and greed in people. Jealousy about Bitcoin will surely lead to serious crimes like kidnapping, murder and injury for Bitcoin later. So those who are holding bitcoins are definitely not required to publicly disclose the amount of bitcoins they hold. Will try to steal your bitcoins with greed for wealth and violence. However, you must be careful while walking on the roads. Otherwise any time the robbers can have a bad influence on you to steal your bitcoins.

[gunhell16]

In the society in which we find ourselves today, being wealthy alone makes you a target for kidnappers, and it creates more enemies for you as a human. Your financial life should be kept secret from the eyes and knowledge of others. That way, you can rest assured of your own personal safety.
 
It has already been said that time without privacy matters a lot. It's not just because you want to hide your identity, but for security reasons. If one starts broadcasting their bitcoin holdings, then there is no privacy attached to their investment; they can just add a name tag to all their addresses so that people will notice how wealthy they are in crypto.

Only those who are looking for attention always share their holdings information, and their reason for such is what I can't really figure out as they always fall victim to either being killed, rubbed, or any sort of criminal assort.

You're right in what you said; when you're really rich, you don't flaunt your wealth because your life will be in danger. We know that nowadays it is very difficult to survive, and it is very difficult to earn money at the same time, to be honest.

That's why I sometimes don't understand others who show a lot of money to other investors just to encourage them to invest in their supposedly promoted business. Usually, those who do this are exploitative people like scammers, hackers, and others. So it is not really advisable to disclose the assets you have here in the crypto space.

[Odusko]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

One thing that Bitcoin helped us to achieve to a great extent is privacy and freedom to be unknown and how much money you have, this is so because with bitcoin, no one can tell hiw much you have as an asset unless those that you expose your financials status to and which in most cases i see as irrelevant and risky to do so.
Its best you stay and remain anonymous with how much Bitcoin you hold, just invest and disappear,  let time do the talking on the long run and also making sure that you protect your privacy at all times to avoid such as this attacks on your finances, I hope he got such an amount of Bitcoin as the kidnappers presume he has, so to be able to pay the ransom.

[bhadz]

There is a guy who randomly asked me if I'm still into crypto. Yeah, he's actually not a random guy but a friend who doesn't usually approach me. I've said that I am no longer into it and sold mostly of my holdings because I have panicked. He's trying to offer me something and that's likely related to money laundering but I just kind of feel that I shouldn't tell the whole thing to him because out of nowhere, he messaged me.
And that is because I've got some gut feel with that conversation if I prolong it and tell a lot of things, it may go somewhere and I just don't like to talk to that guy. Sometimes we just have to set it to the people that we're no longer into it, these days are dangerous where people can't deal with how hard life is because of inflation, layoffs, etc.

[DaNNy001]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Everyone knows that keeping your holdings a secret is probably the best way to go about it. Exposing your finance to your loved ones or people around you is probably not the best way to go about it especially when those people are just mere friend and I say this because the world is filled with wicked people and you can't exactly identify these wicked ones.

[GbitG]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

In such cases, one should be very careful because, as you said, a person suffered from problems due to showing Bitcoin holdings to a relative. If seen in reality, a similar incident could result in the loss of a person's life or property. Wealth and everything else can be lost if not done carefully.

In this context, I am sharing an incident that I hope you have heard, but I am telling it again on this occasion. A Brazilian crypto streamer known as Fraternidade Crypto lost 60k on August 31, 2023. The reason for losing his money was that he accidentally leaked the private key to his wallet, and the viewer saw and stole $60k from him.

So the point of saying this is that one should be very careful in this kind of issue because one small mistake can demolish you. Be it showing someone you were holding assets or leaking a private key, both can lead to loss or even death. Whenever you have to take any action, you should think carefully because you can also become a victim in the hands of these thieves and malicious people of property.

[Bd officer]

As we know Bitcoin is digital crypto currency, investing in Bitcoin must be kept secret. In addition, there are countries where Bitcoin laws are not valid, so more caution should be taken for those countries. Be careful not only with Bitcoin, but with fiads or other assets. At present one cannot see the good of another. If you live happily and peacefully, no one else will tolerate it. OP, in the case you heard about in the news, the person who demanded bitcoins as ransom may have known about bitcoins before. Or else, the person wanted to introduce his relative to Bitcoin and showed him his Bitcoin investment. So if you want to give someone an idea about Bitcoin, you should never tell anyone about your Bitcoin holdings. However, investing in Bitcoin is best kept secret.

[Learn Bitcoin]

This is one of the worst things we do. I usually shared with my friends how much I was holding at that moment when I was new to Bitcoin. But the government banned any kind of cryptocurrency transaction in my country. So, I am trying to keep my privacy as much as possible. The mobile device becomes a problem at this moment. We use it, and there are several crypto apps, and my browser history also shows I am a crypto user. Anytime, a random police check can bring me to jail.

Yep — applies to not only bitcoin and crypto, but your wealth in general. It's simply the most nonsense thing ever as all you're going to gain is a bit of bragging rights, in exchange for a dozen of potential problems. Next thing you know your friends and family are now trying to loan money off you, and a kidnapper with a $5 wrench is waiting for you around the corner.

https://chainsec.io/wrench-attack

The problem is people know Bitcoin is easily accessible, and it takes no longer than ten minutes to transfer the funds, and once done, it cannot be recovered.

[bayu7adi]

And that is because I've got some gut feel with that conversation if I prolong it and tell a lot of things, it may go somewhere and I just don't like to talk to that guy. Sometimes we just have to set it to the people that we're no longer into it, these days are dangerous where people can't deal with how hard life is because of inflation, layoffs, etc.

It's smarter to avoid risky situations rather than taking unnecessary chances. Besides, there's no real benefit in showing off our wealth to others. It only makes social inequality worse because money and wealth are something that should be kept private. instead of seeking recognition, it's better to focus on self improvement to become more productive and better.

Talking about Bitcoin is fine, but never disclose the amount of money you have. Blockchain technology is indeed worth discussing and teaching to those who are interested in learning about it. we all understand that technology keeps evolving and updating. It's natural for many people to want to explore new technology and find mentors. What's unnecessary is bragging about your riches.

[Dr.Bitcoin_Strange]

"Consequences." When people make some mistakes out of their ignorance, they face the consequence of their action. Bitcoin is something that you can own without involving any third party and it's not something you can trust with someone that you don't actually trust to the root, even giving off ones investment information to your kids who are not yet of age is very risky because children talks and they can actually give up the information at the wrong place and wrong time. The person that got kidnapped and asked to pay ransom in Bitcoin, had an internal enemy who already knew how much of Bitcoin he has got. For example, you can not kidnapp someone who have just $100 worth of Bitcoin investment and ask them to pay ransom in Bitcoin.

[landheer]

Yes, it is better for us not to tell other people about BTC, except our parents, because now more and more people are familiar with the name Crypto, so sometimes criminals are not only after wealth but also after BTC. So we really have to be careful and of course we have to look after our assets well because the crypto we own is our property that must be protected.

and in my opinion, showing off crypto or wealth is not a good thing because we don't know what someone's heart is like, so as a person who invests in crypto, of course you have to be vigilant and maximally protect our crypto and other.

[Blitzboy]

"Consequences." When people make some mistakes out of their ignorance, they face the consequence of their action. Bitcoin is something that you can own without involving any third party and it's not something you can trust with someone that you don't actually trust to the root, even giving off ones investment information to your kids who are not yet of age is very risky because children talks and they can actually give up the information at the wrong place and wrong time. The person that got kidnapped and asked to pay ransom in Bitcoin, had an internal enemy who already knew how much of Bitcoin he has got. For example, you can not kidnapp someone who have just $100 worth of Bitcoin investment and ask them to pay ransom in Bitcoin.

"Consequences" gives a strong message about how important it is to protect investments, especially in the Bitcoin world, which is very chaotic. Its a strong warning that when it comes to digital assets, ignorance is not bliss and serious consequences happen quickly. Without outside interference, an autonomous currency can be both helpful and harmful if it is used incorrectly.

Using the example of the kidnapped person as an example, the internal enemy is a dangerous threat that is often ignored. Securing your assets while protecting your privacy is a difficult balance to strike. To teach caution without encouraging fear, what should we do? As the talk you start goes deeper into managing cryptocurrencies, our strategies need to be reevaluated.

[God bless u]

I think that not only bitcoin but every success cannot be share with people because now a days people are so interested in getting money that they don't think about bad or good way of earning. If someone is making an investment then he should keep it as a secret because humans are cruel and they cannot see the benefit of others.

Now a days one cannot show his wealth in front of others but I think that those who have money and power are not tortured by people but those who have no power and lack the support of family are usually threatened by the people who force them to give some amount to them. One should be thankful for what they have because as large amount of money you earned bigger will be your problems so accept what you have and if you earn large amount of money then don't share this with anyone because your happiness will be unbearable for strangers.

[boty]

And that is because I've got some gut feel with that conversation if I prolong it and tell a lot of things, it may go somewhere and I just don't like to talk to that guy. Sometimes we just have to set it to the people that we're no longer into it, these days are dangerous where people can't deal with how hard life is because of inflation, layoffs, etc.

It's smarter to avoid risky situations rather than taking unnecessary chances. Besides, there's no real benefit in showing off our wealth to others. It only makes social inequality worse because money and wealth are something that should be kept private. instead of seeking recognition, it's better to focus on self improvement to become more productive and better.

Talking about Bitcoin is fine, but never disclose the amount of money you have. Blockchain technology is indeed worth discussing and teaching to those who are interested in learning about it. we all understand that technology keeps evolving and updating. It's natural for many people to want to explore new technology and find mentors. What's unnecessary is bragging about your riches.

Showing off what we have will certainly make us uncomfortable in living our lives because it can become a target for those who have evil intentions towards the assets we own. There is no point in seeking recognition from other people because you will not gain any benefit from other people's recognition.
Indeed, there is no harm in discussing Bitcoin with anyone and teaching it to everyone because everyone can collect it and can benefit from Bitcoin. you are right, we don't need to tell everyone about our Bitcoin ownership.

[KiaKia]

While growing up I am used to saying that I am not living to get recognised by people like me, I don't want to be popular and I don't want to claim any big sit or some title to my name, I want to live just like a normal person, so even if I become filthy rich I can decide to still live like a normal person.

Some people aren't even worth much, I meant their net worth isn't much but they will crave for attention themselves, they want to be head and they want to be seen, this are the type of people that easily attracts trouble to themselves.

It's safer to live your life like someone who doesn't have much, some people will say its bad to be a pretender well I believe it's better to pretend not to have than to start running your mouth, those who don't have are the real enemies of those that have, lets be careful of our environment and the companies we keep, no one can see what others have inside them, you don't have to tell anyone how much Bitcoin you are holding, its not worth it.

[bhadz]

And that is because I've got some gut feel with that conversation if I prolong it and tell a lot of things, it may go somewhere and I just don't like to talk to that guy. Sometimes we just have to set it to the people that we're no longer into it, these days are dangerous where people can't deal with how hard life is because of inflation, layoffs, etc.

It's smarter to avoid risky situations rather than taking unnecessary chances. Besides, there's no real benefit in showing off our wealth to others. It only makes social inequality worse because money and wealth are something that should be kept private. instead of seeking recognition, it's better to focus on self improvement to become more productive and better.

That's true, there's no essence for you to show off what you've got whether they are other assets that you have or the Bitcoin holdings that you own. It feels unsafe if you're going to do that at this time and it shouldn't be done by anyone for your safety. I think it's best to keep quiet and be happy with what you've got while leaving these people on their thoughts that you've got nothing.

Talking about Bitcoin is fine, but never disclose the amount of money you have. Blockchain technology is indeed worth discussing and teaching to those who are interested in learning about it. we all understand that technology keeps evolving and updating. It's natural for many people to want to explore new technology and find mentors. What's unnecessary is bragging about your riches.

Just put the discussion into being optimistic about the tech and Bitcoin but never get so optimistic in front of them as if you've been holding millions of it because they will notice you.

[fuguebtc]

While growing up I am used to saying that I am not living to get recognised by people like me, I don't want to be popular and I don't want to claim any big sit or some title to my name, I want to live just like a normal person, so even if I become filthy rich I can decide to still live like a normal person.

Some people aren't even worth much, I meant their net worth isn't much but they will crave for attention themselves, they want to be head and they want to be seen, this are the type of people that easily attracts trouble to themselves.

It's safer to live your life like someone who doesn't have much, some people will say its bad to be a pretender well I believe it's better to pretend not to have than to start running your mouth, those who don't have are the real enemies of those that have, lets be careful of our environment and the companies we keep, no one can see what others have inside them, you don't have to tell anyone how much Bitcoin you are holding, its not worth it.

But that's life, there's this person and that person, you can't expect everyone to think like you. There will be people who live very simply and discreetly even though they are extremely rich, but there will also be people who have nothing in hand , are in debt everywhere but always want to brag that they are rich.

Furthermore, in today's life, matter is what determines human consciousness, many people don't want to be looked down upon, so they often want to prove they have money to gain more respect . But trouble is often beyond their imagination. In my opinion, not only bitcoin, we should not brag too much about any valuable asset, be humble and humble to have the most peaceful life.

[sana54210]

I feel bad about him. It’s not his fault that he shared his investment to a relative. Why do those people who take advantage of the fortunate ones exists. He worked hard for it. Being a bit low-key about your crypto is like keeping your cool in a game. It's not their fault the situation happened, but being careful with what you share can definitely keep things safer and more chill.

I mean it's your relatives among all those people, it's really such a shame and I think it should not really be such a situation for most people. I am not saying your relatives should not harm you, but if you can't share the good news that you are doing better with your relatives then you should definitely share it with anyone.

I believe that we are not going to end up with anything that would be a lot more riskier than that, we should be just hiding it even from our spouse if we can. That's what I aim to do, not that I have anything but if I ever get rich one day, I am going to just hide it from my wife as well, and just make sure that I can leave some good amount for my family after I pass away, because I know that if I tell it to my wife, she will spend it all in five minutes lol. So I will make sure we live a good life, pay everything like I am earning a salary, probably act as if I make a little bit more than usual, but nothing major. I make about 1k a month right now, and I will act as if I am making 2k a month, and that's it.

[m2017]

I feel bad about him. It’s not his fault that he shared his investment to a relative. Why do those people who take advantage of the fortunate ones exists. He worked hard for it. Being a bit low-key about your crypto is like keeping your cool in a game. It's not their fault the situation happened, but being careful with what you share can definitely keep things safer and more chill.

With ordinary money and with cryptocurrencies, there are only 2 problems:
1 - how to earn it.
2 - how to save it. This point includes not sharing information about the bitcoin you have, including with relatives. The implications have been discussed extensively in this thread.

I mean it's your relatives among all those people, it's really such a shame and I think it should not really be such a situation for most people. I am not saying your relatives should not harm you, but if you can't share the good news that you are doing better with your relatives then you should definitely share it with anyone.

Good news should not be shared with anyone at all. Still, no one will appreciate it properly and will not be happy for you. Outwardly, this may be demonstrated, but the dark nature in a person will probably only be jealous of your successes. This is especially evident when it comes to finances. Silence is gold.

I believe that we are not going to end up with anything that would be a lot more riskier than that, we should be just hiding it even from our spouse if we can. That's what I aim to do, not that I have anything but if I ever get rich one day, I am going to just hide it from my wife as well, and just make sure that I can leave some good amount for my family after I pass away, because I know that if I tell it to my wife, she will spend it all in five minutes lol. So I will make sure we live a good life, pay everything like I am earning a salary, probably act as if I make a little bit more than usual, but nothing major. I make about 1k a month right now, and I will act as if I am making 2k a month, and that's it.

Why then earn money if it doesn’t radically change anything in your life? Just for the inner feeling that you have money? I'm not saying you need to live your life extravagantly, but why would you need more money than you can spend? To leave it to the wife and children so they can quickly blow it off?

[HideYourKeys]

In a case like this, I would recommend having some sort of decoy wallet, and hope that the attacker/kidnapper (or relative in this case) finds that amount enough... You could even tell them that it's all a lie, and all you have is the amount in the decoy wallet... and that you only wanted to brag a bit about it 

[btc78]

This has been said to me many times and I have not shared to anyone even my friends that i have invested in bitcoin. some people might think this is selfish because you’re keeping a good financial advice to yourself but you should know when to share or keep things to yourself for your own safety for anyone who keeps their wallet in their phones you need to be extra careful and cautious of everyone but yourself

[TakeItEasy]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Nothing special in that, as this can't be only bitcoin, if a person only have money the thief can ask for his money too, whether he have any other way of investment. Also, sharing the money with other people can't give a person profit as we have seen that that in this world people can only ask about your money that how much you earn but can't tell of his own.

But how could the theft kidnapped your relative and how could he directly goes to know about the bitcoin holding of your relative? Are the kidnappers were so cool that they have knowledge about the bitcoin and the crypto field? Or this is just a story you told us to stay safe from telling our holding to anyone?

[danadc]

I have learned something, that our love life, projects and whatever we have in money should not be shared with anyone, because what most people can feel is envy when they know that anyone is doing well, it is better to publish stupid things on social networks so that people believe that we are stupid, but envy and bad energies have a lot of influence, when it comes to money, the best thing is not to give information to anyone, and keep that secret in addition to envy and all that bad , what is created is an imminent danger for the person if they realize who is actually the owner of that wallet and it is a danger for their own life.

[Furious 7]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Can I see the news because I searched but didn't find any related articles about this.
But indeed the most important lesson in this case is not to overexpose what you have is an important thing because after all when talking about bitcoin then surely we already know what anonymity is so why make your own condition more difficult because of showing off ownership by exposing the portopolio that we have just for a moment of exposure and popularity.
Currently, something like this is quite rampant where bitcoin is used as a place to show that they have considerable assets even though it will invite something that is not wanted.

[Stable090]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Why do you have to disclose your bitcoin investment to anyone? Your investment should be secret, and if you do disclose it to anyone, I will make sure it’s someone I'm very close to, not just a random person in my family. Even if I am explaining anything about bitcoin investment to anyone, I don’t use my wallet as an example so that they won’t know the amount of bitcoin I am holding. I will ask them to create a wallet, and I will use that to explain it to them.

I can say it’s not only bitcoin investment, don’t always disclose even your bank account balance to people, if they know what you're worth, they might end up targeting you. If anyone comes to you to ask if you are holding bitcoin, just tell them you are holding a small amount of bitcoin, but never show them your wallet.

[Sexylizzy2813]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I feel that's just show off and carelessness because I see no reason why he should show his sweat to not just 1 but more than one of his relatives. Definitely it would spread and they can do anything just to get hold of his money. Your passcode or anything concerning your wallet or anything that you feel you're using to secure your assets shouldn't be shown to nobody but one person that it can be shown to, just that person you trust with your life, that should be YOU and nobody else.

[Mauser]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

[leonair]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

Yes cryptocurrency is an asset like dollar, euro or fiat money. And it carries financial status. so of course it should not be publicly shared how financially strong you are and how many cryptos you hold. Most of the people are jealous of their financial condition. So if someone knows that you have Hughes amount of money then you can be a target  And anyone can do you any harm for it. So everyone should keep their financial status hidden at all times.  It is very safe and can lead a comfortable life

[laurenB7742]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

Yes cryptocurrency is an asset like dollar, euro or fiat money. And it carries financial status. so of course it should not be publicly shared how financially strong you are and how many cryptos you hold. Most of the people are jealous of their financial condition. So if someone knows that you have Hughes amount of money then you can be a target  And anyone can do you any harm for it. So everyone should keep their financial status hidden at all times.  It is very safe and can lead a comfortable life

I agree with both of you, bitcoin is just money, nothing more, nothing less. So, this story will be more perfect if we say that we should not brag or share with anyone about our investment portfolio or assets. Flaunting our wealth to others puts us at risk even if we hold gold or fiat currency, not just bitcoin. So, even if someone does not invest and hold bitcoin, don't be foolish to share with others that we have a lot of money. But it's hard to understand why some people like to brag, what will they get in return other than danger to themselves?

[NotATether]

If you have an income that is in the top 5% of earners in your country, what are you going to do, move to a poor neighbourhood, live in a shitty flat and drive a shitty car to hide?

No, that's not how you do it. In fact, that will make things even more dangerous for you since slums have lots of criminals who rob pretty much everyone including normal people.

What you have to do, after becoming rich, is to keep your old, normal and low-profile life. Then people are going to think you are just the same as everyone else.

[leonair]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

Yes cryptocurrency is an asset like dollar, euro or fiat money. And it carries financial status. so of course it should not be publicly shared how financially strong you are and how many cryptos you hold. Most of the people are jealous of their financial condition. So if someone knows that you have Hughes amount of money then you can be a target  And anyone can do you any harm for it. So everyone should keep their financial status hidden at all times.  It is very safe and can lead a comfortable life

I agree with both of you, bitcoin is just money, nothing more, nothing less. So, this story will be more perfect if we say that we should not brag or share with anyone about our investment portfolio or assets. Flaunting our wealth to others puts us at risk even if we hold gold or fiat currency, not just bitcoin. So, even if someone does not invest and hold bitcoin, don't be foolish to share with others that we have a lot of money. But it's hard to understand why some people like to brag, what will they get in return other than danger to themselves?

Those who love to brag are unknowingly causing their own harm.  Because if you share your investment or weight with others, there are many chances of its loss and its loss will never be through distant people.  He will be harmed by those close to him.  So it is never wise to share your investment with anyone. there are many cases where many have suffered a lot due to such mistakes. It is a personal matter of everyone how they present their financial status but I personally would never share my investments with anyone.

[Inwestour]

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

Money loves silence, this applies not only to Bitcoin but also to any funds that belong to you. I don't understand why people share information about how much they earn, or how much money they have, or any other valuables. Perhaps they do this to show their status in society, but it can also play a nasty trick on them if this information gets to the wrong people. These are unnecessary risks that are created for themselves by those who cannot resist boasting.

[Vickysagar]

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

Money loves silence, this applies not only to Bitcoin but also to any funds that belong to you. I don't understand why people share information about how much they earn, or how much money they have, or any other valuables. Perhaps they do this to show their status in society, but it can also play a nasty trick on them if this information gets to the wrong people. These are unnecessary risks that are created for themselves by those who cannot resist boasting.

Some people just don't know how dangerous this is and want to show off. There are a lot of stupid people around, we can just do better and try to teach them.

[Issa56]

As we know Bitcoin is digital crypto currency, investing in Bitcoin must be kept secret. In addition, there are countries where Bitcoin laws are not valid, so more caution should be taken for those countries.

In the country that bitcoin is prohibited, then you have to be very careful. It's best to avoid discussing bitcoin with strangers unless you know them well, as there are covert government agents out there. You might be arrested and jailed if they find out that you have invested in bitcoin. If you live in a country where it is illegal to own bitcoin, you must keep your head down and keep your possessions hidden from others.

In a case like this, I would recommend having some sort of decoy wallet, and hope that the attacker/kidnapper (or relative in this case) finds that amount enough... You could even tell them that it's all a lie, and all you have is the amount in the decoy wallet... and that you only wanted to brag a bit about it 

Don't you think your life will be at risk? Or do you think that after showing them a decoy wallet, the kidnappers will just free you and ask you to go? They are still going to demand a ransom, and if you cannot pay in bitcoin, they will ask you to pay with fiat currency. If you cannot pay, your life will be at risk. The best thing is to never tell anyone the amount of bitcoin that you are holding.

Some people just don't know how dangerous this is and want to show off. There are a lot of stupid people around, we can just do better and try to teach them.

It's not that some people are showing off, some people do end up telling people about their investment just because they are trying to convince people to invest in bitcoin. If you are trying to introduce anyone to bitcoin, then you know you have to use your wallet as an example. Just tell them the basic things about bitcoin and the importance of bitcoin, and tell them you are also holding some bitcoin. But some people will show their wallet to encourage or to make people believe them, which is very wrong.

When introducing anyone to bitcoin investment, you don't have to force anyone to invest in bitcoin, just tell them what you think they should know, and that's all. It's left to everyone to choose whether to invest or not. Don't put your winning investment or your life at risk just because you are trying to convince someone to invest in bitcoin.

[Marvell1]

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

Money loves silence, this applies not only to Bitcoin but also to any funds that belong to you. I don't understand why people share information about how much they earn, or how much money they have, or any other valuables. Perhaps they do this to show their status in society, but it can also play a nasty trick on them if this information gets to the wrong people. These are unnecessary risks that are created for themselves by those who cannot resist boasting.

Boasting is truly a disease that many people suffer from. I also really don't understand what benefit is there in telling people that we have a lot of money. Meanwhile, if we look more closely, it is clear that bragging brings us more trouble. Besides putting us in danger if someone intends to kidnap us for ransom, bragging will also make others hate us more instead of respecting us. Bitcoin or any other valuable asset, we should hide as much as possible because it will help us sleep better.

[eightdots]

I have learned something, that our love life, projects and whatever we have in money should not be shared with anyone, because what most people can feel is envy when they know that anyone is doing well, it is better to publish stupid things on social networks so that people believe that we are stupid, but envy and bad energies have a lot of influence, when it comes to money, the best thing is not to give information to anyone, and keep that secret in addition to envy and all that bad , what is created is an imminent danger for the person if they realize who is actually the owner of that wallet and it is a danger for their own life.

A good life can be lived without showing off. Many people try to show off, which causes envy in those around them. There may be constant talk about how you earn your income or your job. People over a certain age can act more mature in this regard, but the new generation tries to live everything as ostentation.

You don't need everyone to know about your Bitcoins or other assets, or for people to call you rich. If you are happy and doing what you want, you shouldn't care what others say about you and you shouldn't make any appearances to make them talk about you.

As you said, this can sometimes lead to dangerous consequences.

[summonerrk]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Unfortunately, bitcoin can be forcibly taken away from the owner. This is harder to do than to take the cache, however, you need to adhere to the rules of caution. Therefore, I have never been able to understand people who wear T-shirts with images of bitcoin or altcoins, or the names of wallets, for example TrustWallet. Or they glue stickers on cars with the image of bitcoin. In my opinion, this is the same as saying, "Hey society, I have money that can be taken away."

[Dimitri94]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Nowadays people are very aware. When the price of Bitcoin rise up, people all over the world get to know about it. As a result, a criminal  is also eager to take that opportunity. Because he knows that Bitcoin is now more valuable than gold or any other asset. If they can lure a bitcoin holder into their trap, they can easily reach their goal. So don't share any information related to this bitcoin and investment which may bring harm to you. If you want to keep yourself safe, try to keep all your Bitcoin related information safe.

[Jaycoinz]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Nowadays people are very aware. When the price of Bitcoin rise up, people all over the world get to know about it. As a result, a criminal  is also eager to take that opportunity. Because he knows that Bitcoin is now more valuable than gold or any other asset. If they can lure a bitcoin holder into their trap, they can easily reach their goal. So don't share any information related to this bitcoin and investment which may bring harm to you. If you want to keep yourself safe, try to keep all your Bitcoin related information safe.

That's what scammers do, as they are always aware of the opportunity that the market pose and they in want to use it against the fragile minded in terms of using the opportunity to defraud others by changing the whole logic around the wonderful opportunity. Bitcoin scams tend to be at its highest during the bull market as this period every body tend to flock to the market to get their hands on some coins and this is when scammers get their victims because they will propose this naive investors offers that they can't just resist interns of profits and greedy nature.

[shawonngp]

I think not only Bitcoin or money and other your personal thing should be shared with friends or relatives. It can be a bad impact on your life if it's leaked in publicly. And people around will want to harm or embezzle money which can turn into a big threat to your life. So, keep secret about specially your online or offline assets.

[darkv0rt3x]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

That's a major flaw! Does anyone goes to the street announcing how much money they have in the bank? Same should happen with Bitcoin. You shouldn't be waving a sign with your possesions of Bitcoin out in the street, I guess.
People should take Bitcoin as any other kind of money! This is no joke but people still act as if it is!

[Negotiation]

I think not only Bitcoin or money and other your personal thing should be shared with friends or relatives. It can be a bad impact on your life if it's leaked in publicly. And people around will want to harm or embezzle money which can turn into a big threat to your life. So, keep secret about specially your online or offline assets.

It is better to keep the exact personal information secret as it will reduce the risk. The use of modern technology has speeded up people's lives and at the same time increased privacy and security risks. Many people put their personal information in danger if they know it in which case it is better not to share it with anyone except their family. It is not a wise thing to disclose all your information to others there is a high risk of being in danger. Therefore the things that are exposed to people should be kept away from them.

[Lorence.xD]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

That's a major flaw! Does anyone goes to the street announcing how much money they have in the bank? Same should happen with Bitcoin. You shouldn't be waving a sign with your possesions of Bitcoin out in the street, I guess.
People should take Bitcoin as any other kind of money! This is no joke but people still act as if it is!

Exactly, haven't we questioned why Bitcoin is giving you anonymity? It isn't to provide users their security and safety by not revealing their identity. If you really want to share your experience in Bitcoin with your family or relatives, I think it would be better to not tell how much funds you have or choose wisely the people that you can literally trust like your parents, cause we know that even blood-related people can still do such things. We should always be careful, cause we don't know what people can do just to attain someone's money or Bitcoin, this not only applies to funds but also to any valuable things.

[Latviand]

I think not only Bitcoin or money and other your personal thing should be shared with friends or relatives. It can be a bad impact on your life if it's leaked in publicly. And people around will want to harm or embezzle money which can turn into a big threat to your life. So, keep secret about specially your online or offline assets.

That's not a productive way to be a communicative person, what you need to do is to be smart about who you are planning to share this kind of information, I mean how can you exactly share information about bitcoin to other people if you aren't sharing some stuff about your bitcoin journey, it's not inspiring or even engaging to have someone share you some information but they're so secretive about their own or even dismissive when you ask them right? The take here is that the paranoid approach isn't the best option because it's bad for both parties, the best thing to do is to be able to know who you will share the information and have the instinct to know if someone is having malicious intentions against you, maybe not sharing the actual amount but I think that part should always be private.

[Antotena]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Rich men and tycon business men that flaunt their wealth are often escorted by police and dedicated law enforcement agencies and security guards talk more of a person that hold one of the most precious gift in the world. Why will you flaunt and show off about your wealth, that's a dangerous thing to do to be honest. I don't mean to be rude but not even a family member should know about your bitcoin except for rare occasion if you are in sick bed and may not be able to survive.

The world is a crazy place in that when you have money, don't tell people that you have and when you have that it's obvious, tell them that you have 1/3 of that so that you don't have the attention all centered on you, the people you think might like you today will be the first people that will set you up for bad things. Don't be surprised that it's even a friend that leak such information of the guy having bitcoin to kidnappers.

[mamesso]

The person or victim in the story above did not learn from the strategy used by Satoshi, that's how great Satoshi was in being able to predict something that had not yet happened or he was able to think 10 steps ahead before taking action. I think one of the reasons Satoshi hid his true identity (still anonymous) was because he predicted something like this would happen. He will be the target of crimes from people who want to take over the Bitcoins in his wallet.

There is no need to show off wealth in any form to other people, including relatives and family, crimes occur not because there is intention on the part of the perpetrator, but because there is an opportunity. Never give other people a chance, let only you know the wealth you have. Satoshi has done this more than 10 years ago, he has never given a chance to anyone who has evil intentions towards him because he has managed to hide his identity until now.

[Blitzboy]

The person or victim in the story above did not learn from the strategy used by Satoshi, that's how great Satoshi was in being able to predict something that had not yet happened or he was able to think 10 steps ahead before taking action. I think one of the reasons Satoshi hid his true identity (still anonymous) was because he predicted something like this would happen. He will be the target of crimes from people who want to take over the Bitcoins in his wallet.

There is no need to show off wealth in any form to other people, including relatives and family, crimes occur not because there is intention on the part of the perpetrator, but because there is an opportunity. Never give other people a chance, let only you know the wealth you have. Satoshi has done this more than 10 years ago, he has never given a chance to anyone who has evil intentions towards him because he has managed to hide his identity until now.

Being secretive isnt the only reason; its also a smart move. Really think about it: Bitcoin is an autonomous thing at its core. This is made clearer by the fact that there is no central person like Satoshi. His privacy isnt just for his own safety; its also a sign of Bitcoin's philosophy, which is decentralization.

To keep your wealth a secret, read on. Of course, 100%! Being smart is more important than being afraid. Why tell people about your holdings? Having a sign that says "Hey, I've got valuable stuff here!" would be like that. Theres no reason to be suspicious; the goal is to lower the risk. After all, chance does make a thief.

But lets be honest: Bitcoin isnt just money; its a movement. Supporting Bitcoin is more than just holding it; it means knowing how it works. Satoshi got it. So should we. Dont tell anyone about your Bitcoin business. Its smarter, safer, and, well, its more Bitcoin.

[Fuso.hp]

Some important things about oneself must be kept secret from everyone. I feel that sharing about my investment with others will not benefit me so why should I discuss my investment with others where I am not benefiting. Our main objective of investing is to earn profit from that investment and not to invest to inform others. What's the guarantee that someone you trust today about your investment won't try to harm you some time later? Bitcoin is a very valuable digital currency and when you invest in Bitcoin you have a chance of getting a lot of good things in the future, it is better not to tell others that good things should be kept to yourself. If I make money by investing from my place no one will know that I have made money and if my money is lost then no one will know that I have lost money i don't like these things at all its my personal thing only i will know other  no one

[Minecache]

Some important things about oneself must be kept secret from everyone. I feel that sharing about my investment with others will not benefit me so why should I discuss my investment with others where I am not benefiting. Our main objective of investing is to earn profit from that investment and not to invest to inform others. What's the guarantee that someone you trust today about your investment won't try to harm you some time later? Bitcoin is a very valuable digital currency and when you invest in Bitcoin you have a chance of getting a lot of good things in the future, it is better not to tell others that good things should be kept to yourself. If I make money by investing from my place no one will know that I have made money and if my money is lost then no one will know that I have lost money i don't like these things at all its my personal thing only i will know other  no one

Sharing our bitcoin investment with strangers doesn't really do us or our investment any favors. But if even those close to you hide it from them, is it right for you to do it? Have you ever thought that if you don't share your investment with anyone, even your closest relatives like your wife, and you suddenly pass away, those bitcoins will also disappear in waste? Are you living and investing for yourself or for loved ones like your parents, wife and children? If you only care about yourself, you're too selfish because without your parents, you wouldn't be where you are today.
Bitcoin is just money, it cannot be more precious than the love of parents or spouses. If you lose bitcoin, it is not difficult to get it back, but love cannot be regained.

[Essential10]

These days people don't want to talk about their income because of lack of attention or some other reason. Many people knowingly don't want to disclose their income because they earn a lot so that they don't face any trouble from the government. One thing I don't like in my case is that it's my income, my effort, what do you care about. Now if one person earns 10 thousand dollars a month and another person earns twenty thousand dollars, does it matter to me or to you? I don't think it will do you any harm if your close relatives know about bitcoin holdings because it's not the same for everyone. I was introduced to the Bitcoin world through a close relative of mine. You may not tell anyone how much bitcoin you hold or how much you intend to do, but that doesn't mean you don't tell those close to you about bitcoin.

[Odohu]

Sharing our bitcoin investment with strangers doesn't really do us or our investment any favors. But if even those close to you hide it from them, is it right for you to do it? Have you ever thought that if you don't share your investment with anyone, even your closest relatives like your wife, and you suddenly pass away, those bitcoins will also disappear in waste? Are you living and investing for yourself or for loved ones like your parents, wife and children? If you only care about yourself, you're too selfish because without your parents, you wouldn't be where you are today.

From the caption of the thread, the emphasis is on sharing your Bitcoin holding with "everyone", this means the public. You seems to have accepted that it is not actually a good practice. I'm yet to picture any advantage of it that is devoid of problems. One could easily become the target for hacks and other security concerns. It could also attract the attention of government authorities as question of source of funds tax details and others, might begin to trickle in.

As for sharing with family and close allies, that is another topic which have been extensively discuss in this forum. Some of the links are:

Using Locktime for inheritance planning, backups or gifts

HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION

[Ptb73]

Wow, this is a wild story. I wouldn't wish anyone to have such relatives.

We really should not brag about our wealth, because most people will not be happy for you, but on the contrary, they will feel hatred and envy.

[kingvirtus09]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's really nice that only you know the Bitcoin you have or other cryptocurrencies. Or if you have someone to trust, it's no one else but your husband, whom you know you can trust, or close family or friends.

That's a bit strange, using one's own relatives just for personal interest or greed. This is not the normal behavior of a bitcoin fanatic. This seems like a bad example for someone who believes in bitcoin in this business industry.

[Inwestour]

Sharing our bitcoin investment with strangers doesn't really do us or our investment any favors. But if even those close to you hide it from them, is it right for you to do it? Have you ever thought that if you don't share your investment with anyone, even your closest relatives like your wife, and you suddenly pass away, those bitcoins will also disappear in waste? Are you living and investing for yourself or for loved ones like your parents, wife and children? If you only care about yourself, you're too selfish because without your parents, you wouldn't be where you are today.
Bitcoin is just money, it cannot be more precious than the love of parents or spouses. If you lose bitcoin, it is not difficult to get it back, but love cannot be regained.

It seems to me that hiding such investments from your wife/husband will not be so easy. If you live together, you probably know about, what source of income does your family have, how much do you spend and how much do you save, so you won’t be able to hide any significant investments.

But in any case, you need to share your investment with your closest person, so that, as you said, if some force majeure will hapend, this investment does not go in vain, but benefits your family.

[yazher]

People should know the boundaries of what they can only show to the people and what should be private to others especially wealth because there are lots of enviers out there who are not pleased with what you have and some of them want to get that blessing from you by force. This should not be happening if only people are not greedy but this is the true scenario right now. He can prevent this from happening to him if only he was careful but he wasn't and he became just a lesson for us in the future and learn from his fatal mistake. People should know this phrase "For every blessing there is an envier for it".

[GigaBit]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's really nice that only you know the Bitcoin you have or other cryptocurrencies. Or if you have someone to trust, it's no one else but your husband, whom you know you can trust, or close family or friends.

That's a bit strange, using one's own relatives just for personal interest or greed. This is not the normal behavior of a bitcoin fanatic. This seems like a bad example for someone who believes in bitcoin in this business industry.

Humans are greedy by nature though not all. Many cannot keep their integrity with money or many may become vindictive. But Bitcoin is a decentralized digital currency that is best kept anonymous. A person can certainly be in danger when he tells others about his Bitcoin holdings. He may be one of his relatives or someone else. For security reasons we must refrain from sharing our Bitcoin holdings or anything crypto related with anyone else. What the OP mentioned is definitely important especially for a bitcoin holder. There are some people among us who trust anyone else but many take advantage of their simplicity to deceive them. So of course whoever is a cryptocurrency holder or investor should keep their activities private.

[Adams0001]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's really nice that only you know the Bitcoin you have or other cryptocurrencies. Or if you have someone to trust, it's no one else but your husband, whom you know you can trust, or close family or friends.

That's a bit strange, using one's own relatives just for personal interest or greed. This is not the normal behavior of a bitcoin fanatic. This seems like a bad example for someone who believes in bitcoin in this business industry.

That is why it is important to keep your secret with you because sometimes the person you believe in will cheat you later, some people or let me say some family members don't want you to succeed in this life and will try their hardest to keep you down, that is why anything you do you need to think before you do it, if he didn't tell anyone about his bitcoin investment I don't think they will kidnap him because they will just think is just a normal person. I believe the person you should tell about your bitcoin holdings is your blood brother or parents because if anything happens to you, they will be aware of it so that he will not be wasted in the wallet, now he has learned a lesson next time he will not expose himself on any achievement he receives or any business that he is running, he will keep it secret without anyone knowing about it.

[JayJuanGee]

[edited out]

[edited out]

I agree with both of you, bitcoin is just money, nothing more, nothing less. So, this story will be more perfect if we say that we should not brag or share with anyone about our investment portfolio or assets. Flaunting our wealth to others puts us at risk even if we hold gold or fiat currency, not just bitcoin. So, even if someone does not invest and hold bitcoin, don't be foolish to share with others that we have a lot of money. But it's hard to understand why some people like to brag, what will they get in return other than danger to themselves?

Wow!!!  when you frame the matter like that, it seems that you don't know what is bitcoin... and/or what distinguishes bitcoin from other assets and/or monies.

First it is really difficult to reverse if you get bitcoin taken from you.  Another thing is that it can be moved around quite a bit, and yeah maybe if you get $1million or more taken from you, someone might get interested to try to help you or to block some of the liquidity of the money at the exchanges, if the money goes to an exchange rather than some places in which it might just get mixed with other coins.

There can be a certain amount of anonymity with bitcoin too.. in terms of if some kind of vulnerability is found with you and your ways of securing your coins, the way that you might be robbed might be quite subtle and you might not even know who did it. .whether something was slipped into yuour drink or some of your information was gone through by a friend, acquaintance, relative, guest of the house, and they might not even need to rob you right at that moment, but they might be able to get enough information to get into your systems.. or maybe if a more direct robbery comes at a later point, you might not realize how much information had already been gathered on you to come to realize that some of your security systems were not as secure as you had previously thought them to be.

Some important things about oneself must be kept secret from everyone. I feel that sharing about my investment with others will not benefit me so why should I discuss my investment with others where I am not benefiting. Our main objective of investing is to earn profit from that investment and not to invest to inform others. What's the guarantee that someone you trust today about your investment won't try to harm you some time later? Bitcoin is a very valuable digital currency and when you invest in Bitcoin you have a chance of getting a lot of good things in the future, it is better not to tell others that good things should be kept to yourself. If I make money by investing from my place no one will know that I have made money and if my money is lost then no one will know that I have lost money i don't like these things at all its my personal thing only i will know other  no one

The responses of this whole thread seems to have a bit of a dilemma in terms of bitcoin still being adopted and more and more people knowing about bitcoin, but how do they find out?  merely anonymously?

There is a modified statement from fight club:  "always talk about bitcoin.  Never talk about your own bitcoin."   So that is part of the dilemma.

In this forum and also sometimes in real life, I learn more about myself and my own strategies and my own priorities by talking about what I am doing, and I hardly ever refer to specifics about my BTC holdings, but surely sometimes people are going to infer that I have more than 0.63 BTC, and sure I have admitted it, but sometimes also accidents happen, too.

Surely I am not clear where the line needs to be drawn, even though I have been in bitcoin for 10 years, so I have made various choices about where to draw the line in terms of my online discussions and also in terms of my personal life..

I cannot completely disagree with the members here proclaiming to never say anything, but then there are variants, yet people will choose to live completely closed lives in a variety of ways and others will live relatively open lives in a lot of ways.. so surely each of us should be attempting to figure out our level of balance, but then some people who had been overly public about certain aspects of their lives will sometimes become regretful.

[edited out]

Sharing our bitcoin investment with strangers doesn't really do us or our investment any favors.

You raise quite a few interesting points in your post, and I agree with some of them and don't agree with others.. and gosh sometimes it can be better, easier and even less risky to share personal information with strangers, especially if they might not know other things about you, then it is like being on the forum.. it could be quasi-anonymous.. but surely sometimes it could come back to bite you too.. when you overly-share with the wrong people and sometimes people seem nice and good when you meet them, and then you might not realize some of their tricky and/or evil ways or even how far they might go to undermine you, until after getting to know them better, but then there could be questions about how much do they know about you and how much do you know about them and have they been tested under certain kinds of circumstances.

Sometimes even a relative could fall out of trust when we might have had thought that we knew the relative, but some certain situations arise and then we might come to realize that the relative might have different values than we had expected or even circumstances could change in the life of the relative to cause them to become much more erratic than they had been earlier in their lives.. maybe everything is going fine and then pretty soon they lose their job and maybe they lose their spouse or one or the other might have been discovered to be cheating and then when we see how they react in those circumstances, we might come to realize that they might not be as trustworthy as we had previously considered them to be. .and we also might start to be concerned about what measures they might take if they fall into seemingly desperate times...and maybe they even blame us or someone close to us or they might not even be in a rational situation as they had been thought to have had been previously.

But if even those close to you hide it from them, is it right for you to do it? Have you ever thought that if you don't share your investment with anyone, even your closest relatives like your wife, and you suddenly pass away, those bitcoins will also disappear in waste?

I get your point about some kind of need to share with close relatives, but it is not a total loss to die with your bitcoin, and it is quite likely that bitcoin is getting more and more scarce because there are going to likely be more lost keys than we anticipated, and there might even be a decent number of current bitcoiners in the process of losing their keys. .because they might not know that they are not able to access or move their bitcoin.. even though they think that they can, but if they go to do it, they might not be able to accomplish it. So losing your private keys is increasing the value of the remaining BTC HODLers... and they might not be a bad group to give to because sometimes family members might not deserve it, but there might be other cases where the BTC HODLer is too selfish and/or failing to recognize and/or appreciate the deservedness of some of his/her relatives... even though sometimes receiving something for free might not create very good incentives for the recipient... which is part of the reason why anyone who earns something (by employing proof of work) will tend to appreciate the value of the thing more than the person who received the thing for free..

Are you living and investing for yourself or for loved ones like your parents, wife and children? If you only care about yourself, you're too selfish because without your parents, you wouldn't be where you are today.

Sometimes it is true that people deserve more in terms of sharing in the wealth, but it is not necessarily true in all cases.

Bitcoin is just money, it cannot be more precious than the love of parents or spouses.

Sure there can be something greedy and materialistic about money and bitcoin, but I doubt that bitcoin is just money.. if you try to understand what is money then bitcoin may well have some money properties that are quite profound. and sure. yeah relationships have value too.. but sometimes relationships are not necessarily good and the lack of goodness may or may not relate with money.  You should not presume too much about how everyone has a good relationship with people yet money is bad or evil or whatever you seem to be suggesting with you attempt to proclaim that your priorities should be the same as the priorities that others might create in regards to those topics and/or other topics of relations to people versus things versus options.

If you lose bitcoin, it is not difficult to get it back, but love cannot be regained.

If you are thinking like that, you better be careful with your bitcoin because you might not realize how difficult it might be to get your bitcoin back if you lose them. A lot of people are coming to appreciate that, and you should be able to either look at a price chart or just to go through some of the math to come to appreciate how difficult that it might be for people to get bitcoin back that they likely had purchased at much lower prices.

Your forum registration date is pretty similar to my own, and just think about how many BTC you would d have been able to stack 10 years ago, versus various points in between then and now, and gosh even someone who might have started stacking bitcoin 6 years ago, they might not be ever able to get back anywhere close to the quantity of BTC that they had stacked over the past 6 years, depending on how they might have gone about their stacking of sats over the past 6 years and especially if they might have had been aggressive in their stacking when BTC prices were below $10k, they may well have an average BTC cost that is well below $10k..and then just stacking for so many years.. and it is even more difficult if someone had been stacking heavily in 2014, 2015 and 2016 to even come close to being able to stack as many sats now for even a multitude of what it might have cost them in that period in which they might have an average cost per BTC of less than $1k.

[HelliumZ]

Wow, this is a wild story. I wouldn't wish anyone to have such relatives.

We really should not brag about our wealth, because most people will not be happy for you, but on the contrary, they will feel hatred and envy.

You will discuss your digital assets with others and if any of them are greedy for your assets, they will definitely try to put you in danger. In this case you do not discuss your bitcoin or any other crypto currency matter no matter how closely related you are. Don't walk the streets with the device you store your digital assets on as this can increase your risk. Always try to keep an eye on the security of your wallet.

[YUriy1991]

If something is confidential, if it has been told, it is no longer secret, especially when it concerns assets, both money and money. But thieves are always looking for related information if someone meets their criteria, not just those who invest in crypto. Yes. all the data they collect.

True, a careful attitude is necessary and it is to minimize the risks associated with the most grievous effect of losing one's life. Even if you have a lot of money you are confused, if you have less money you are more confused. Just simple in appearance.

[BABY SHOES]

I have actual evidence of this and such an incident happened in front of me. A friend of mine came to visit my city from far away, and met another person from the same city online.  And he easily convinced her a little bit and happily shared with her that he had $105k in BNB, BTC and USDT. As a result the friend was kidnapped and the entire $105k was taken from him. My friend gives those dollars to kidnappers to save his life. He is now financially damaged and his condition is very bad. Because he invested all his money there and also took some loans. So I would suggest that everyone hides his holdings.

Unfortunately, the person does not know privacy so that it easily shows ownership of bitcoin assets to random friends online, it is a risk where when your friend shows ownership of a large amount, other people who are not known have planned to seize by kidnapping so that they usually control their assets, obviously this is stupid for showing off their wealth by having bitcoin.

In essence, never show off our total assets to anyone it will invite disaster including kidnappings that are around us, remember thieves by seeing $105K in assets will rebel for action so that they can own by kidnapping and this should not happen if there is already this incident.

Never reveal we have bitcoin, just shut up and don't show off to anyone our ownership.

[DirtyKeyboard]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

[Learn Bitcoin]

But if even those close to you hide it from them, is it right for you to do it? Have you ever thought that if you don't share your investment with anyone, even your closest relatives like your wife, and you suddenly pass away, those bitcoins will also disappear in waste? Are you living and investing for yourself or for loved ones like your parents, wife and children? If you only care about yourself, you're too selfish because without your parents, you wouldn't be where you are today.
Bitcoin is just money, it cannot be more precious than the love of parents or spouses. If you lose bitcoin, it is not difficult to get it back, but love cannot be regained.

I guess that is an exception point. You have mentioned about wife and children! Well, you should trust your better half with everything. If you do not trust her, the relationship is not good enough. I do not share how much I hold with anyone. Not even with my wife. I just told her I had Bitcoin and kept it there. I don't have to say to her the amount. I told her, if something happens to me, please find it and use it for you and the family. Sharing the amount is not necessary. But it's essential to tell that you have something. Isn't it better than telling the amount?

[Nrcewker]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not only Bitcoins, be it any type of investment, never share it with anyone other than some close family members like mother or spouse, whom you trust the most. Shame on that relative that he tried to do all this for just some few amount of money. Moreover it’s always wise to keep your crypto investments private, as in many countries Bitcoins are not regulated, so if by chance someone complains against you, then some government can press charges on you claiming that these Bitcoin holdings are illegal holdings and you are not paying taxes for it. So enjoy the profits and investments yourself only, and never share it with anyone.

[rojan]

But if even those close to you hide it from them, is it right for you to do it? Have you ever thought that if you don't share your investment with anyone, even your closest relatives like your wife, and you suddenly pass away, those bitcoins will also disappear in waste? Are you living and investing for yourself or for loved ones like your parents, wife and children? If you only care about yourself, you're too selfish because without your parents, you wouldn't be where you are today.
Bitcoin is just money, it cannot be more precious than the love of parents or spouses. If you lose bitcoin, it is not difficult to get it back, but love cannot be regained.

I guess that is an exception point. You have mentioned about wife and children! Well, you should trust your better half with everything. If you do not trust her, the relationship is not good enough. I do not share how much I hold with anyone. Not even with my wife. I just told her I had Bitcoin and kept it there. I don't have to say to her the amount. I told her, if something happens to me, please find it and use it for you and the family. Sharing the amount is not necessary. But it's essential to tell that you have something. Isn't it better than telling the amount?

Wife is a part of your life so you should tell your wife about various things especially financial condition because if you die suddenly your property will be owned by your wife and children so they must know in advance how your financial condition is and where you are.  Holding. If they know these, they can access them very quickly in your presence. And the relationship will be better for these things.  I totally agree with your statement

[Russlenat]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

Whether its being polite or just your way to brag what you have, it's really not appropriate to flaunt your wealth because aside that it will develop envy from other people, it will certainly put yourself into danger knowing you have countless wealth that you hide within yourself. You know this kind of news is not rare in our country because it's really happening most especially to those known elite people that are publicly flaunting their wealth.

Still, whatever your reason of letting your relatives know about bitcoin, its really improper to expose whatever wealth you have achieved. Although it could be a source of inspiration for others, but for majority it could always lead a crime so they can grab and steal whatever luxury or wealth you currently have.

[Winterfrost]

Apart from Bitcoin when it comes to do with monetary system its best you keep your amount to yourself and not to share it with friend or family. Even if it seems like a small amount now, it could become a significant sum of money in 10 years. An this would make people around you look into your money because they are aware if what you have.

It's great to share information about bitcoin with your friends and family, but it's generally not a good idea to openly share how much you have invested, even if you trust the people you're talking to. This is for security reasons and to avoid making others feel uncomfortable or discouraged about their own investments.

[ajiz138]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

[JunkieMiner]

In my opinion this things didn't happen with only the bitcoin even it can happen with anything you have. Mostly people store more golds and I have seen some thief here in my country when they caught some person then they always go and ask for the gold from the person even he have gold at his home. In most of the houses in our country the Gold has been stolen. The first thing the thefts is going for is the Gold they have at their home which should also be kept secret. The main problem is of money even we don't have to share how much money we have.

[synchronym]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

op If the incident you mentioned is true then it is very sad. It is better not to show people how many bitcoins are in my wallet. Because the thing about bitcoin is to do with privacy, if I show someone how many bitcoins I have in my wallet, I will be fooled. Because of that, he has such a big danger today because of showing bitcoin wallet, so never show wallet to anyone while maintaining bitcoin privacy. But many will be aware through this brother. The biggest stupidity is that the wallet cannot be shown to anyone. If it is shown too much, people are becoming selfish.

[Wakate]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

[ajiz138]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

I just think it's just a careless person doing that because he doesn't think about the privacy of his ownership, if it's to the closest family, especially his wife then it's very reasonable but if he tells friends or anyone other than family then he has shown publicly about the assets he has, this is likely to cause a little problem.

If to friends just teach them how to understand bitcoin so that they understand and don't ask again.

[decodx]

No doubt, it's smart to keep the lid on things when it comes to blabbing how much BTC you've scraped together.  Like you said, better not to gab with peeps who might stab you in the back or have their own shifty agendas, know what I mean?

Plus aside from dodging hacks or heists, flying under the radar also keeps the spotlight off you.  No reason to wave around what you've accumulated and risk sticking out like a sore thumb, attracting shady characters or other headaches.

[taufik123]

-snip-
then he has shown publicly about the assets he has, this is likely to cause a little problem.

Doing so is a foolish act, his purpose is actually just to show off and be arrogant by owning a lot of Bitcoin,
even though we don't know whether the person we show the Bitcoin address has a grudge and evil plan or not.
It's better to shut everything off from the spotlight of others, rather than being the target of crime and hacking.

No doubt, it's smart to keep the lid on things when it comes to blabbing how much BTC you've scraped together.  Like you said, better not to gab with peeps who might stab you in the back or have their own shifty agendas, know what I mean?
-snip-

It's better to stay away and look like you have nothing, than to look arrogant with a lot of Bitcoin ownership.
Sometimes those who have already shown off, too much expand the spotlight through social media, even though it can be seen by everyone,
there will be people who try to steal it and people who will stab in the back, start making evil strategies.

[barisbilgili]

No doubt, it's smart to keep the lid on things when it comes to blabbing how much BTC you've scraped together.  Like you said, better not to gab with peeps who might stab you in the back or have their own shifty agendas, know what I mean?

Plus aside from dodging hacks or heists, flying under the radar also keeps the spotlight off you.  No reason to wave around what you've accumulated and risk sticking out like a sore thumb, attracting shady characters or other headaches.

Yes, I understand what you mean, we don't have to talk to other people about how much BTC we have accumulated, because this will be a threat to ourselves and also our personal security, we will not know people who have evil intentions after knowing that We save a lot of BTC, so it would be better for us not to tell anyone about this, except for people we really trust.

[Learn Bitcoin]

I guess that is an exception point. You have mentioned about wife and children! Well, you should trust your better half with everything. If you do not trust her, the relationship is not good enough. I do not share how much I hold with anyone. Not even with my wife. I just told her I had Bitcoin and kept it there. I don't have to say to her the amount. I told her, if something happens to me, please find it and use it for you and the family. Sharing the amount is not necessary. But it's essential to tell that you have something. Isn't it better than telling the amount?

Wife is a part of your life so you should tell your wife about various things especially financial condition because if you die suddenly your property will be owned by your wife and children so they must know in advance how your financial condition is and where you are.  Holding. If they know these, they can access them very quickly in your presence. And the relationship will be better for these things.  I totally agree with your statement

Your post does not oppose my opinion. We are talking about the amount here. We should not tell anyone the amount. No matter who it is. Yes, your wife should know that you have Bitcoin and hold it in a wallet and on which device. If she does not understand how to access it, you can even teach her about it. But telling the amount for now is not necessary.

Womens usually share many things with their friends. You never know if she is going to share it with her friends too. So, not telling the amount is a smart move.

[DirtyKeyboard]

-snip-

Your post does not oppose my opinion. We are talking about the amount here. We should not tell anyone the amount. No matter who it is. Yes, your wife should know that you have Bitcoin and hold it in a wallet and on which device. If she does not understand how to access it, you can even teach her about it. But telling the amount for now is not necessary.

Womens usually share many things with their friends. You never know if she is going to share it with her friends too. So, not telling the amount is a smart move.

And if you have separate finances, convince your SO to start their own DCA program, as part of a responsible overall investment plan.
Keep stacking friends.

[Ale88]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

I just think it's just a careless person doing that because he doesn't think about the privacy of his ownership, if it's to the closest family, especially his wife then it's very reasonable but if he tells friends or anyone other than family then he has shown publicly about the assets he has, this is likely to cause a little problem.

If to friends just teach them how to understand bitcoin so that they understand and don't ask again.

I don't know why you guys keep worrying about friends of people you know asking you how many bitcoins you owner: I think it's easier that the same person that owns several bitcoins will tell his friends just to brag about it. I own a little cryptocurrencies, I know other people who do as well, we never asked each other what we own.

[moneystery]

people are getting crazier nowadays, even the people closest to us can become someone who is unsafe for us just because of the wealth we have. that's why, as many members in this thread have said, it's important to protect the assets we have and not brag too much about what we have now because we don't know who is after our assets and who is jealous of our wealth. and just being quiet with our assets is the best choice and makes life worry-free.

[Tony116]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

I just think it's just a careless person doing that because he doesn't think about the privacy of his ownership, if it's to the closest family, especially his wife then it's very reasonable but if he tells friends or anyone other than family then he has shown publicly about the assets he has, this is likely to cause a little problem.

If to friends just teach them how to understand bitcoin so that they understand and don't ask again.

I don't know why you guys keep worrying about friends of people you know asking you how many bitcoins you owner: I think it's easier that the same person that owns several bitcoins will tell his friends just to brag about it. I own a little cryptocurrencies, I know other people who do as well, we never asked each other what we own.

Bragging is really something we should avoid, but I find people are too stressed about revealing their bitcoin holdings to loved ones. This makes me ask the question, how much bitcoin do they own that makes them wary and always suspicious of their loved ones? 100BTC or 1000BTC? I really want to know how much bitcoin they own for people who are willing to not trust anyone just because of bitcoin. Bitcoin is just money, do we need to take things more seriously?

[Lorence.xD]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

I just think it's just a careless person doing that because he doesn't think about the privacy of his ownership, if it's to the closest family, especially his wife then it's very reasonable but if he tells friends or anyone other than family then he has shown publicly about the assets he has, this is likely to cause a little problem.

If to friends just teach them how to understand bitcoin so that they understand and don't ask again.

I don't know why you guys keep worrying about friends of people you know asking you how many bitcoins you owner: I think it's easier that the same person that owns several bitcoins will tell his friends just to brag about it. I own a little cryptocurrencies, I know other people who do as well, we never asked each other what we own.

Bragging is really something we should avoid, but I find people are too stressed about revealing their bitcoin holdings to loved ones. This makes me ask the question, how much bitcoin do they own that makes them wary and always suspicious of their loved ones? 100BTC or 1000BTC? I really want to know how much bitcoin they own for people who are willing to not trust anyone just because of bitcoin. Bitcoin is just money, do we need to take things more seriously?

That's their own preferences, we all have our own experiences and home environments even our loved ones, they don't even wanna reveal their Bitcoin holdings no matter how much they have. Imagine that you just tell them that you are involved in a cryptocurrency which they lack knowledge but automatically they would expect you that you are making money, from that they could either ask you for money or even worse try to steal it since there's already a lot of cases that even blood-related could do such illegal things for their own sake convenience. Remember that this world runs on money, a lot of crimes that have existed involve money, cause no matter how much you have even just a small amount of BTC, its still yours, so it is up to you to decide which you can trust and keep it secret.

[EarnOnVictor]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

About the information on one's Bitcoin, it's better to keep it a secret, who knows the intention of anyone? What we are hearing daily on how people are being hacked and robbed of their Bitcoins should be a lesson for us all and no matter how you are close with someone, it's better that they do not know much about your Bitcoin standing.

This is no joke, especially when we are drunk, that's the best time to extra information from us, and we know Bitcoin, once they get to know we have it, they can make us transfer it to them either willingly or by force. Although I've not heard of any case where they rob the person of their Bitcoin and still kill them, still, this is certainly not impossible. So, if you do not even care about the money they would steal from you, you have to care about your life as some people might go that extra mile to conceal their evil act.

[LesterD]

As a financial advisor and someone who takes security very seriously, I highly recommend telling NO ONE how much bitcoin you have or money or what your yearly salary is etc.  It's no ones business except for if you have a spouse.  Other than that, friends and family don't need to know.  Never brag about your money either.  It's important to stay private in this area.

I see all these stupid social media clips where people with a camera and mic walk up to people and just straight out ask "how much is you rent" or "how much money do you make per year".. your answer should always be.."thanks but that's information I don't share, have a good day".

I highly agree, our salary, the amount of Bitcoin we have invested, and also our own money are not intended for anyone to know. This kind of information is confidential, we should take it seriously. I know people who like to brag about their money to other people just to earn attention. This is an incorrect behavior and not everyone should do this for our own security.

[kawetsriyanto]

Never reveal how much BTC you have just keep your mouth shut and don't know.
It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

Of course, it is not necessary to tell people about our Bitcoin asset. We invest for our future, it is not for other people future. So, just keep it secretly for the security reasons. I'm sure people won't ask how much our Bitcoin if we don't tell them about our Bitcoin asset. So, the key is how we control ourselves to make it secretly. We don't need to choose certain friends who rarely ask about our life. I believe they won't ask about our asset if we don't tell them anything related to the investment.

people are getting crazier nowadays, even the people closest to us can become someone who is unsafe for us just because of the wealth we have. that's why, as many members in this thread have said, it's important to protect the assets we have and not brag too much about what we have now because we don't know who is after our assets and who is jealous of our wealth. and just being quiet with our assets is the best choice and makes life worry-free.

Everyone has the potential to do criminal acts when it comes to money. Whether they are close people or new people in our life, both have the same chance to do criminal acts. It is because we don't know their own nature and their current condition. Not only about the bad nature, the economic pressure sometimes can trigger someone to do criminal acts. That's why we always need to keep secretly the information about our Bitcoin asset.

[Inwestour]

Bragging is really something we should avoid, but I find people are too stressed about revealing their bitcoin holdings to loved ones. This makes me ask the question, how much bitcoin do they own that makes them wary and always suspicious of their loved ones? 100BTC or 1000BTC? I really want to know how much bitcoin they own for people who are willing to not trust anyone just because of bitcoin. Bitcoin is just money, do we need to take things more seriously?

Do you really tell anyone about your money, how much money you have and how much you earn? So this is not about boasting, but about your safety, because if no one knows that you have a lot of money, no one will want to steal it from you. And it’s not even a matter of quantity, but the ability not to tell everyone about it. Stories about how dead crypto bloggers are found or how they are robbed are not isolated, so remember that money loves silence.

[syedakhlaque]

It is said " The kingdom has no credibility. So I am cautiously poor."  Same is the matter about  sharing your bitcoin holdings with everyone. It is possible that your some friends are not happy to see you wealthy and they feel jealous about hapiness and development. Dear! This world does not forgive you in any situation. It is not happy to see you in any situation. These worldly people are looking for opportunity. To take everything away from you. Although there are good person also those are your well wisher. But after all of this, it is better not to show your wealth ,your position or bitcoin holding to others.
 

[Kasabus]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

For everyone to be safe, just keep privately whatever asset or achievement you have.  You don't need to let the world know what's happening to you or how far your achievements have gone. That will only trigger some negative feeling towards other people or even your relatives once they have discovered that you're richer than them or you're keeping wealth that they don't expect. Bitcoin has a very expensive value, so never tell or disclose to others that you have or more hodlings as your investment.

However, despite of the reminders often that its not safe to expose yourself that you are a bitcoin hodler, but still a lot of investors think differently.  I don't know what's their reason of disclosing but surely, it will create a sort of envy to those who don't want to celebrate with your achievements in life.

[JayJuanGee]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

I just think it's just a careless person doing that because he doesn't think about the privacy of his ownership, if it's to the closest family, especially his wife then it's very reasonable but if he tells friends or anyone other than family then he has shown publicly about the assets he has, this is likely to cause a little problem.

If to friends just teach them how to understand bitcoin so that they understand and don't ask again.

I don't know why you guys keep worrying about friends of people you know asking you how many bitcoins you owner: I think it's easier that the same person that owns several bitcoins will tell his friends just to brag about it. I own a little cryptocurrencies, I know other people who do as well, we never asked each other what we own.

Bragging is really something we should avoid, but I find people are too stressed about revealing their bitcoin holdings to loved ones. This makes me ask the question, how much bitcoin do they own that makes them wary and always suspicious of their loved ones? 100BTC or 1000BTC?

The quantity if going to depend on location, but also on the kinds of people who you might know - if they are poor, desperate or unlawful or if your friends hang around with people who are poor, desperate and/of low respect for the property and/or lives of others.

Between 1 and 10 bitcoin might seem to be a lot of money.  And people get killed over cell phone robberies, too... so the item might not need to be super valuable, but bitcoin is super portable and pretty easy to liquidate, but if they rob you they might need to attempt some kinds of mixing, joining and/or moving coins around in the event that they might go to an exchange with the coins.

I really want to know how much bitcoin they own for people who are willing to not trust anyone just because of bitcoin. Bitcoin is just money, do we need to take things more seriously?

It seems that we talked about this idea previously..  Sure, bitcoin has monetary properties, but it has some unique attributes too... and maybe if someone is just trying to cash out right away, then the bitcoin becomes dollars, but the person holding the bitcoin prior to getting robbed might not have been considering cashing out in the near term, but  instead might have had been considering bitcoin as a kind of insurance for his/her future self.  Bitcoin has pretty great potential to transfer present value into the future, and if you hold onto cash, you might not feel as confident to put $10k under your mattress as compared with $10k into bitcoin and then retrieve it after 5-10 years and see what it is worth.

[ajiz138]

I don't know why you guys keep worrying about friends of people you know asking you how many bitcoins you owner: I think it's easier that the same person that owns several bitcoins will tell his friends just to brag about it. I own a little cryptocurrencies, I know other people who do as well, we never asked each other what we own.

Therefore, not all close friends have bitcoin, they only know bitcoin is expensive because they see it from the news while what I am worried about is that they are trying to do something that can threaten me so I want to avoid it.
We also have some friends who are already involved in bitcoin each other have bitcoin but never mention the amount we only discuss bitcoin trends.

About the information on one's Bitcoin, it's better to keep it a secret, who knows the intention of anyone? What we are hearing daily on how people are being hacked and robbed of their Bitcoins should be a lesson for us all and no matter how you are close with someone, it's better that they do not know much about your Bitcoin standing.

This is no joke, especially when we are drunk, that's the best time to extra information from us, and we know Bitcoin, once they get to know we have it, they can make us transfer it to them either willingly or by force. Although I've not heard of any case where they rob the person of their Bitcoin and still kill them, still, this is certainly not impossible. So, if you do not even care about the money they would steal from you, you have to care about your life as some people might go that extra mile to conceal their evil act.

Now that I want to keep it a secret to anyone, someone's intentions may never know even if someone is very quiet once acting they can threaten us, so close the secret of ownership never reveal anything.

I've heard of a case that might be an example:
Someone has gold and he always talks to his friends (can be said to show off / arrogant) because he already has a lot of gold and stored at home, what do you know the person who stole and threatened him was his closest person, because he felt jealous so he was determined to steal the gold when he was alone at home.

That might just be a lesson.

[tjtonmoy]

Never disclose your financial situation that you are in with anyone. Could be your family, friends or loved ones. And sharing it to complete stranger is never in the question. Doesn't matter if you are in a poor situation or you are doing great financially, disclosing that matter only creates conflicts. When you have more, people will expect more from you. When you have less, people will look down on you. Whether it is related to crypto/Bitcoin or any kind of asset, do not share that information with others.

I have faced this multiple times in the past and I have learned my lesson. When I had more, I was helping everyone around me. So they were expecting that I would help them in any bad situations. But when I, myself was in a bad situation, no one came to my aid. Instead, they are hoping to get something from me. And when I was unable to provide it, I was the bad person. Now everything I own and don't own, no one knows about those details. If I die, that information will go with me to the grave. Protect your privacy and be safe.

[EluguHcman]

This made me recalled my whereabouts along my hood where I heard some guys arguing about criminal activities though I don't see them like one neither did they claimed to be one of the pertakers in the criminal activities.
I could pick a like where one of them said that smart kidnappers now doesn't request ransoms on Fiat currencies anymore instead they requests payments on Bitcoin so that they would be untraceable and quit easy for the cash outs.
I think they are not really enlightened about crytop because they started to talking about the bitcoins wallets verifications of personal documents and facial verifications could lead to getting caught on the process while some could say... So, I heard there are some crytop wallets that are not required verifications before active to be used.

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Bitcoin in a corruptive local societies felt to either be a means to scamming or an investment platform specifically for rich people so whenever who doesn't know about Bitcoin generally crypto investments hears one is into Bitcoin, they basically see you as a rich one.
Naturally they don't care to know what your net worth could be but all they knows is that you have enough that they can extort from you and by the nature of insecurities in the hoods they start thinking criminal acts towards you.

My observations as causes of a Bitcoiner publicly exposing itself sometimes is act of prides as they want to take a prestige and influence the people that they are into an international trading otherwise earning in dollars or foreign currency.

[Tony116]

The best answer to the question, "How many BTC do you have?" is, "Not enough."

Keep stacking friends.

Never reveal how much BTC you have just keep your mouth shut and don't know.

It's common for people like that to be pretentious and just want to know about BTC holdings, so choose friends who don't ask that question because it will always be sensitive and even I avoid it.

It doesn't make sense if we have the habit of telling people how any Bitcoin holdings we have which can be used against us if we are not careful enough or keep our secret phrase in a way that no body will know how many Bitcoin or altcoin holdings we have. Even though we intend to tell people about the mount we are holding for Bitcoin, it is good when disclose that to family members or someone that we trust rather than telling the world about what we are holding. A safe practice is good to endure safety of our holdings.  

I just think it's just a careless person doing that because he doesn't think about the privacy of his ownership, if it's to the closest family, especially his wife then it's very reasonable but if he tells friends or anyone other than family then he has shown publicly about the assets he has, this is likely to cause a little problem.

If to friends just teach them how to understand bitcoin so that they understand and don't ask again.

I don't know why you guys keep worrying about friends of people you know asking you how many bitcoins you owner: I think it's easier that the same person that owns several bitcoins will tell his friends just to brag about it. I own a little cryptocurrencies, I know other people who do as well, we never asked each other what we own.

Bragging is really something we should avoid, but I find people are too stressed about revealing their bitcoin holdings to loved ones. This makes me ask the question, how much bitcoin do they own that makes them wary and always suspicious of their loved ones? 100BTC or 1000BTC? I really want to know how much bitcoin they own for people who are willing to not trust anyone just because of bitcoin. Bitcoin is just money, do we need to take things more seriously?

That's their own preferences, we all have our own experiences and home environments even our loved ones, they don't even wanna reveal their Bitcoin holdings no matter how much they have. Imagine that you just tell them that you are involved in a cryptocurrency which they lack knowledge but automatically they would expect you that you are making money, from that they could either ask you for money or even worse try to steal it since there's already a lot of cases that even blood-related could do such illegal things for their own sake convenience. Remember that this world runs on money, a lot of crimes that have existed involve money, cause no matter how much you have even just a small amount of BTC, its still yours, so it is up to you to decide which you can trust and keep it secret.

Well, maybe you're right, maybe we have different circumstances and living environments so we have different thoughts. Because in my family, for example, we live in harmony and always help each other. I am a person with a good income but no one in my family has ever asked me to give them money, each family member has their own job and income.

I also agree that there have been many cases and crimes related to money, but not everyone is bad and there are no good people in the world. Depending on the situation, I think we should also be open with each other, because suspicion will always be a barrier that drives people further and further apart.

[macson]

snip
Remember that this world runs on money, a lot of crimes that have existed involve money, cause no matter how much you have even just a small amount of BTC, its still yours, so it is up to you to decide which you can trust and keep it secret.

Well, maybe you're right, maybe we have different circumstances and living environments so we have different thoughts. Because in my family, for example, we live in harmony and always help each other. I am a person with a good income but no one in my family has ever asked me to give them money, each family member has their own job and income.

I also agree that there have been many cases and crimes related to money, but not everyone is bad and there are no good people in the world. Depending on the situation, I think we should also be open with each other, because suspicion will always be a barrier that drives people further and further apart.

everyone has to live independently, that's what my parents and my uncle taught me, it seems good to provide assistance to other families, but will the quality of life of these people get better if they continue to receive assistance? of course that will only make him or her continue to be spoiled and try to continue to get help, and in terms of bitcoin investment, i will not give 100% trust to other people, in fact there are many cases out there about people closest to them betraying those closest to them.  Therefore, you don't need recognition at all, flexing is not important, if you do have a large amount of bitcoin in your personal wallet account then be humble about it because people out there will target you, they want to steal something that you have.

[Bloodseekers]

everyone has to live independently, that's what my parents and my uncle taught me, it seems good to provide assistance to other families, but will the quality of life of these people get better if they continue to receive assistance? of course that will only make him or her continue to be spoiled and try to continue to get help, and in terms of bitcoin investment, i will not give 100% trust to other people, in fact there are many cases out there about people closest to them betraying those closest to them.  Therefore, you don't need recognition at all, flexing is not important, if you do have a large amount of bitcoin in your personal wallet account then be humble about it because people out there will target you, they want to steal something that you have.

Those who continuously receive help from other people will find it very difficult for them to be able to live independently, because they never think about how to develop their own potential. If this continues, this will be a bad thing. For them, when that person is no longer able to help them, of course they must be able to develop their own potential and not have too much hope for other people.

When we make an investment, we have to guard it ourselves and never tell other people about what we are doing because this will cause problems for us in the future. It would be better for us to keep the investment we make confidential ourselves and not tell anyone. except our own wives or children.

[Ricardo11]

Money should always be kept a secret, if the money is revealed, they become their own enemies and they want to take that money by any means, because they cannot handle greed. In that place the person is holding a lot of money invested in bitcoins and has disclosed it to everyone. This is a completely stupid thing to do. Because no one can handle greed when they see a lot of money. So it is always better to keep one's holdings or financial assets secret at all times. This will keep you and your assets safe at all times.

[MFahad]

Those who continuously receive help from other people will find it very difficult for them to be able to live independently, because they never think about how to develop their own potential. If this continues, this will be a bad thing. For them, when that person is no longer able to help them, of course they must be able to develop their own potential and not have too much hope for other people.

When we make an investment, we have to guard it ourselves and never tell other people about what we are doing because this will cause problems for us in the future. It would be better for us to keep the investment we make confidential ourselves and not tell anyone. except our own wives or children.

Creating your own potential is a good idea because we cannot ask a small question every time from others and I think that these days people are not sharing even their knowledge with others because they don't want that other person become more successful than us.

Sharing your every personal issues with others is a matter of risk because everyone has their own personal life which should not be share with others. I know from wife and children one cannot hide his success and loss because they are only supporter who helps on every step. Investment and other profits are to be keep as a secret because if once those individuals hear about it who are not loyal with you will make your life sorrowful.

[southerngentuk]

In today's society, wealth can make you a target for different types of criminals. Kidnappers, scammers and even murderers may target wealthy people because they know they can make a lot of money from them.

For this reason, it is important to keep your financial life private. You shouldn't brag about how much money you have or where you live. You should also be cautious when sharing your personal information online.

I don't understand why anyone would want to share their holdings. This only increases the risk of being attacked. If you're looking for attention, there are other ways to do it without risking your life and property.

[lixer]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not only Bitcoins, be it any type of investment, never share it with anyone other than some close family members like mother or spouse, whom you trust the most. Shame on that relative that he tried to do all this for just some few amount of money. Moreover it’s always wise to keep your crypto investments private, as in many countries Bitcoins are not regulated, so if by chance someone complains against you, then some government can press charges on you claiming that these Bitcoin holdings are illegal holdings and you are not paying taxes for it. So enjoy the profits and investments yourself only, and never share it with anyone.

If the money you've used for the investment is completely yours and has no share of anyone else then you don't necessarily need to share it with anyone at all, not even your mother or spouse because it's your money and your investment and whatever happens with it is yours, if you make profits from it, you can buy your closed ones some gifts and enjoy the profits or simply reinvest the profits, and if you lose money, just keep it to yourself instead of letting everyone know.

It's always wise to keep your financial activities private, if possible, even keep them out of the eyes of your own family, they should have nothing to do with all that as long as you are providing for them and they shouldn't care for financial matters unless you involve them in something yourself and give them some responsibility, etc.

[adultcrypto]

In today's society, wealth can make you a target for different types of criminals. Kidnappers, scammers and even murderers may target wealthy people because they know they can make a lot of money from them.

For this reason, it is important to keep your financial life private. You shouldn't brag about how much money you have or where you live. You should also be cautious when sharing your personal information online.

I don't understand why anyone would want to share their holdings. This only increases the risk of being attacked. If you're looking for attention, there are other ways to do it without risking your life and property.

Many people do this thing for many reasons such as fame, to be respected and just to for the ego and pride. You should know the world we are now, people do anything for fame. Bitcoin is one catchy thing that can easily put one on the spotlight, so it should not be a surprise why you see people do it.

I will never advise anyone who is not ready for the consequences to try it. There are many ways to regret the effect of the gratification that comes with the feeling of affluence in public.

I have also realised that there are people doing this show off for the purpose of content. To them it is all about the impression on social media, a game to enable them build the impression for monetization.  Even though this is a weak argument, everyone is free to explore every avenue they feel can help them achieve their target in life.

[Distinctin]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

While you have a good intention to share your achievement to your relatives so that they will also be motivated to invest in bitcoin, but its like you are only tempting them to create an attack against you because what you have is that what they don't have, and they hate the feeling that you have been prospering the whole time while they stay being poor and penniless. Most likely, your intention of helping them creates another meaning and that only puts yourself into unsafe situation.

This is why flaunting what you have is not really healthy and advisable. Instead, save it to yourself and to the people who want to support your success, not on the people who are secretly praying to see you falling down.

[Tony116]

snip
Remember that this world runs on money, a lot of crimes that have existed involve money, cause no matter how much you have even just a small amount of BTC, its still yours, so it is up to you to decide which you can trust and keep it secret.

Well, maybe you're right, maybe we have different circumstances and living environments so we have different thoughts. Because in my family, for example, we live in harmony and always help each other. I am a person with a good income but no one in my family has ever asked me to give them money, each family member has their own job and income.

I also agree that there have been many cases and crimes related to money, but not everyone is bad and there are no good people in the world. Depending on the situation, I think we should also be open with each other, because suspicion will always be a barrier that drives people further and further apart.

everyone has to live independently, that's what my parents and my uncle taught me, it seems good to provide assistance to other families, but will the quality of life of these people get better if they continue to receive assistance? of course that will only make him or her continue to be spoiled and try to continue to get help, and in terms of bitcoin investment, i will not give 100% trust to other people, in fact there are many cases out there about people closest to them betraying those closest to them.  Therefore, you don't need recognition at all, flexing is not important, if you do have a large amount of bitcoin in your personal wallet account then be humble about it because people out there will target you, they want to steal something that you have.

Everyone in the family helps each other, meaning everyone is willing to support each other in every job and every situation, not just for money. Furthermore, if they encounter unexpected difficulties and we help them, it does not make them spoiled and parasitic on you. If we talk about living independently, I even refused to inherit the land my father gave me, because I can afford to buy a piece of land for myself, so I understand what it means to be independent and help others correctly.

Even we ourselves sometimes don't completely trust our decisions, how can we trust someone 100%? But don't be too suspicious of others and always want people to trust you while you always doubt them.

[Rabata]

In today's society, wealth can make you a target for different types of criminals. Kidnappers, scammers and even murderers may target wealthy people because they know they can make a lot of money from them.

For this reason, it is important to keep your financial life private. You shouldn't brag about how much money you have or where you live. You should also be cautious when sharing your personal information online.

I don't understand why anyone would want to share their holdings. This only increases the risk of being attacked. If you're looking for attention, there are other ways to do it without risking your life and property.

I agree with your good thought. A valuable feature of using cryptocurrency is that it remains anonymous but there is no security if we disclose our personal holdings or financial status to others. We should not share our personal finances with anyone, not even within our own family. Although keeping it a secret within the family can be difficult in many cases. But should still be kept. Many may say that if a person dies in an accident, how can family know about the money? In this case, you must select someone trusted by the family and keep a good idea about all his keys. But remember that you can be safe as long as no one knows about your finances.

[leonair]

In today's society, wealth can make you a target for different types of criminals. Kidnappers, scammers and even murderers may target wealthy people because they know they can make a lot of money from them.

For this reason, it is important to keep your financial life private. You shouldn't brag about how much money you have or where you live. You should also be cautious when sharing your personal information online.

I don't understand why anyone would want to share their holdings. This only increases the risk of being attacked. If you're looking for attention, there are other ways to do it without risking your life and property.

I agree with your good thought. A valuable feature of using cryptocurrency is that it remains anonymous but there is no security if we disclose our personal holdings or financial status to others. We should not share our personal finances with anyone, not even within our own family. Although keeping it a secret within the family can be difficult in many cases. But should still be kept. Many may say that if a person dies in an accident, how can family know about the money? In this case, you must select someone trusted by the family and keep a good idea about all his keys. But remember that you can be safe as long as no one knows about your finances.

When you share your bitcoin holdings with others, everyone will think you are financially strong, which may lead to blackmailing rather than lending money to you. or don't hesitate to take various steps to harm you financially. Bitcoin is a very promising and strong currency for the future.  So it is best not to share this holding with others. And if you do share it, it may pose a risk to you with no guarantees. So try to avoid the issue of your bitcoin holdings.  And if you want to share, never share how much you are holding. Knowing that you are holding will let people know that you know about Bitcoin and use it.  But no one can understand your financial status if you don't tell them how much you are holding.

[Victorik]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

[Yamifoud]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

[Bloodseekers]

-

Creating your own potential is a good idea because we cannot ask a small question every time from others and I think that these days people are not sharing even their knowledge with others because they don't want that other person become more successful than us.

Sharing your every personal issues with others is a matter of risk because everyone has their own personal life which should not be share with others. I know from wife and children one cannot hide his success and loss because they are only supporter who helps on every step. Investment and other profits are to be keep as a secret because if once those individuals hear about it who are not loyal with you will make your life sorrowful.

I agree with your opinion, there are some people who already have expertise but they don't share what they understand well with others for various reasons that they have, I think it would be better not to do this if we already have one. expertise, then we can teach those who really want to learn from us what we have mastered well, because by sharing the knowledge that we understand well, of course this will help the people we teach and can also be a lesson for ourselves Alone.

In my opinion, it is a good choice to tell your wife and other family members about the problems we are facing because telling them will make us feel a little more comfortable and we can also ask them for solutions.

[milewilda]

-

Creating your own potential is a good idea because we cannot ask a small question every time from others and I think that these days people are not sharing even their knowledge with others because they don't want that other person become more successful than us.

Sharing your every personal issues with others is a matter of risk because everyone has their own personal life which should not be share with others. I know from wife and children one cannot hide his success and loss because they are only supporter who helps on every step. Investment and other profits are to be keep as a secret because if once those individuals hear about it who are not loyal with you will make your life sorrowful.

I agree with your opinion, there are some people who already have expertise but they don't share what they understand well with others for various reasons that they have, I think it would be better not to do this if we already have one. expertise, then we can teach those who really want to learn from us what we have mastered well, because by sharing the knowledge that we understand well, of course this will help the people we teach and can also be a lesson for ourselves Alone.

In my opinion, it is a good choice to tell your wife and other family members about the problems we are facing because telling them will make us feel a little more comfortable and we can also ask them for solutions.

There would be limitations and exemptions on which it will really be that still depending on you whether you would be teaching up a particular person or not. For us who do have that kind of good amount of holding
with your crypto portfolio then it will be that normal that we will be that mindful about security. We do know on what are the potential risks that it could bring in regarding with our own safety, knowing that
society nowadays or community or even on worldwide scale which criminality is really just that lurking in the shadows and if you do make yourself exposed then you are putting yourself on great risks.
Even myself do decide on keeping quiet about my involvement with crypto, i dont like on getting asked or have those query neither with my relative or close person. I just dont like that have the time on telling
them and make learn. If there are some situations that they do able to ask out and i have time to answer then i might do but most of the time i would be leading them into those common sites
about crypto on which it should really be enough for  them to learn.

Its better to be safe than sorry.In todays world, money is everything and it would be so unwise that you will be making yourself that too boastful or too tactful
about your holdings. You are just simply doing suicide on that scenario or condition.

[invo]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

[Ayers]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

This is true, only loved ones like parents and spouses are not jealous of us, most people will be jealous of each other when they see others superior to them. That is the selfish nature that exists in each of us. So it would be a lie if we said we weren't jealous of our friends if we weren't equal to them.

Not only with bitcoin but with any asset of great value, we should not share or brag with everyone. That doesn't make people respect or praise us, it only makes them jealous and hate us more.

[angrybirdy]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

This is true, only loved ones like parents and spouses are not jealous of us, most people will be jealous of each other when they see others superior to them. That is the selfish nature that exists in each of us. So it would be a lie if we said we weren't jealous of our friends if we weren't equal to them.

Not only with bitcoin but with any asset of great value, we should not share or brag with everyone. That doesn't make people respect or praise us, it only makes them jealous and hate us more.

Honestly, That's what i've learned this year, Not all your relatives are proud on what you've accomplished in life, They will clap in front of you but once you turn your back, they say a lot of things that aren't good. So that, from now on, I distance myself to them and became lowkey in everything. it's true that you dont need to flaunt everything in life, you dont need any validations from others because if people doesn't know everything about you, they will never destroy you, so let's stop having a crab mentality and let's learn to be happy with other people's achievements

[Franctoshi]

For many people, because of the price of Bitcoin today, and as they see Bitcoin as something that costs thousands of dollars, when they hear that you own a Bitcoin what comes to their minds, or they think of is that you have money, because for the majority of people they don't even know that you can own some fraction of Bitcoin, So you should know that you already at risk of being attacked by this bad guys owing Bitcoin and should avoid any sort of showing off.

The reason for this flaunting of wealth or showing off your Bitcoin is because a lot of us are being moved by what is happening on the social media, and some people who are into Bitcoin or Bitcoin enthusiasts follow suit, forgetting they are holding a valuable asset and money and hence would become an attention for the bad guys.


.

[NewRanger]

about crypto on which it should really be enough for  them to learn.

Its better to be safe than sorry.In todays world, money is everything and it would be so unwise that you will be making yourself that too boastful or too tactful
about your holdings. You are just simply doing suicide on that scenario or condition.

I think that makes sense and I think that recognition and the need to admit that we are great and rich people is not required from other people. In my opinion, be normal even though we already have a lot of BTC in our wallet and don't forget to always update our software.

One more thing. Never save our recovery seeds digitally either in your cell phone notes application, or anywhere else digitally and if we do that, we will do the same as you said above indirectly.

[Xampeuu]

For many people, because of the price of Bitcoin today, and as they see Bitcoin as something that costs thousands of dollars, when they hear that you own a Bitcoin what comes to their minds, or they think of is that you have money, because for the majority of people they don't even know that you can own some fraction of Bitcoin, So you should know that you already at risk of being attacked by this bad guys owing Bitcoin and should avoid any sort of showing off.

The reason for this flaunting of wealth or showing off your Bitcoin is because a lot of us are being moved by what is happening on the social media, and some people who are into Bitcoin or Bitcoin enthusiasts follow suit, forgetting they are holding a valuable asset and money and hence would become an attention for the bad guys.


.

Sometimes our hearts are moved to know someone in order to have recognition. Many of us like to show off our wealth so that people will see that we have more value, but apart from the bad people who are targeting us, currently in the country alone there are also tax people who are happy and want to get tribute from the wealth that is displayed. Moreover, Bitcoin is currently an asset that is safe to steal, considering that there is no legal umbrella at this time

[Miles2006]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

This is true, only loved ones like parents and spouses are not jealous of us, most people will be jealous of each other when they see others superior to them. That is the selfish nature that exists in each of us. So it would be a lie if we said we weren't jealous of our friends if we weren't equal to them.

Not only with bitcoin but with any asset of great value, we should not share or brag with everyone. That doesn't make people respect or praise us, it only makes them jealous and hate us more.

Aside from the fact that keeping your bitcoin holding as a secret is safe and good, most people can't control themselves neither their speech, people like this will always fall victims to the hands of scammers, friends nowadays get envious and wicked but it's best to know the kind of friends we keep, prevention is better than cure.
Friends nowadays are not good but we see people bragging about their crypto holding on the internet, that's very bad, keeping some certain things outside the internet sounds safe we should not put all the blame on friends sometimes the victims are the ones responsible by bragging about their crypto holding on the internet

[Victorik]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Yeah. It is safer to keep your financial investment to yourself and only reveal to your spouse. Not going around making a public announcement of what you have in your account. This could lead to you being exposed to those with criminal intent. It is better to live your life in private, except you are a celebrity or a political expose people.

[Victorik]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

This is true, only loved ones like parents and spouses are not jealous of us, most people will be jealous of each other when they see others superior to them. That is the selfish nature that exists in each of us. So it would be a lie if we said we weren't jealous of our friends if we weren't equal to them.

Not only with bitcoin but with any asset of great value, we should not share or brag with everyone. That doesn't make people respect or praise us, it only makes them jealous and hate us more.

Hmm, sometimes, even some family members could be jealous of your wealth and may even want it for themselves. That's the more reason why you must be very careful and mindful of whom you tell some very sensitive secret to.
Just stay safe

[peter0425]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

This is true, only loved ones like parents and spouses are not jealous of us, most people will be jealous of each other when they see others superior to them. That is the selfish nature that exists in each of us. So it would be a lie if we said we weren't jealous of our friends if we weren't equal to them.

Not only with bitcoin but with any asset of great value, we should not share or brag with everyone. That doesn't make people respect or praise us, it only makes them jealous and hate us more.

Hmm, sometimes, even some family members could be jealous of your wealth and may even want it for themselves. That's the more reason why you must be very careful and mindful of whom you tell some very sensitive secret to.
Just stay safe

If you Know your family well then i don't think this will ever takes place not unless you grown from different places so you know nothing about the family members then they might have that Idea of taking your funds out.
but as long as the people you are sharing are someone that you know well? I am sure they will never take your funds(but still need to stay silence about your holding) because like me, Only Wife and my parents have idea how much I am Holding now because they are the only person i trusted the most.

[Sexylizzy2813]

If you Know your family well then i don't think this will ever takes place not unless you grown from different places so you know nothing about the family members then they might have that Idea of taking your funds out.
but as long as the people you are sharing are someone that you know well? I am sure they will never take your funds(but still need to stay silence about your holding) because like me, Only Wife and my parents have idea how much I am Holding now because they are the only person i trusted the most.

When it comes to money is really hard to trust someone even if the person is very close to you, like you said, is your wife and family who knows how much you're holding. I believe you can as well say out your seed phrase to them right?
All I'm saying is money has a way of changing people, in some cases if they know how much you're holding they might try to know your phrase and even try to get hold of your funds, things might get messy.

[2Pizza410000BTC]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Very good and very informative post. Many of us invest and disclose all information about those investments to everyone. Especially I/we who are mobile users are more threatened. I have never thought so deeply today that I think so much more threat to our mobile users. Because mobile user investors always hold investments on mobile and go everywhere with mobile.

[sokani]

Some important things about oneself must be kept secret from everyone. I feel that sharing about my investment with others will not benefit me so why should I discuss my investment with others where I am not benefiting. Our main objective of investing is to earn profit from that investment and not to invest to inform others. What's the guarantee that someone you trust today about your investment won't try to harm you some time later? Bitcoin is a very valuable digital currency and when you invest in Bitcoin you have a chance of getting a lot of good things in the future, it is better not to tell others that good things should be kept to yourself. If I make money by investing from my place no one will know that I have made money and if my money is lost then no one will know that I have lost money i don't like these things at all its my personal thing only i will know other  no one

I think in the month of July or there about, a crypto influencer who likes flaunting his wealth online was kidnapped and killed in Argentina. Though the cause of his death is very sketchy but it was also rumoured that his flamboyant online lifestyle might have caused his abduction and death. Now, this is just one of many cases and people still don't want to learn. Each year, we keep hearing stories of physical attacks on crypto enthusiasts and the numbers are increasing. The world is an evil place, wherever you are at keep your crypto dealings as discreet as possible, in order not to attract attention to yourself.

[Jon_Hodl]

I am reminded of this meme.

The 1st rule of Bitcoin Club: You do not talk about your own bitcoin
The 2nd rule of bitcoin club: You do NOT talk about your own bitcoin.

It also helps to have a duress wallet and even multiple wallets that are geographically separated in the event that you are ever physically attacked.

[Kaliandra]

If we want to live safely, we must be able to take care of ourselves and not provoke people to commit crimes, such as showing off our assets, for example gold and crypto. because we will not know someone's heart even if he is our friend or relative. Bitcoin is a very valuable asset, even though we have 1 or 2 Bitcoins, of course in certain countries you can buy a house by selling just 1 Bitcoin. So we shouldn't show off Bitcoin to everyone, even if it's our relatives, so that we are potentially free from the threat of crime. So your advice is very good and certainly useful. Indeed, lately there has been a lot of news circulating, including in my country, that was the result of showing off crypto to his friend until he was finally killed by his own friend and his friend wanted the crypto that was on his friend. so we have to look after our assets seriously.

In my opinion, it is better for us to be considered poor, but we have valuable assets, rather than showing off our assets which will potentially cause us harm.

[Y3shot]

I am reminded of this meme.

The 1st rule of Bitcoin Club: You do not talk about your own bitcoin
The 2nd rule of bitcoin club: You do NOT talk about your own bitcoin.

I think people who announce bitcoin they have only want to show up and let people know they have bitcoin, to give people the impression that they have money. But they forget that doing this they are opening themselves to danger. Letting people know that you have some amount of bitcoins is just calling those who will  come and steal from it.
Having some amount of Bitcoin is supposed to be made secrete, because people still try to keep the money in the bank as secret,  if people hide the amount of fiat they have that means bitcoin also needs to be keep secret too.

[Blitzboy]

If we want to live safely, we must be able to take care of ourselves and not provoke people to commit crimes, such as showing off our assets, for example gold and crypto. because we will not know someone's heart even if he is our friend or relative. Bitcoin is a very valuable asset, even though we have 1 or 2 Bitcoins, of course in certain countries you can buy a house by selling just 1 Bitcoin. So we shouldn't show off Bitcoin to everyone, even if it's our relatives, so that we are potentially free from the threat of crime. So your advice is very good and certainly useful. Indeed, lately there has been a lot of news circulating, including in my country, that was the result of showing off crypto to his friend until he was finally killed by his own friend and his friend wanted the crypto that was on his friend. so we have to look after our assets seriously.

In my opinion, it is better for us to be considered poor, but we have valuable assets, rather than showing off our assets which will potentially cause us harm.

Today's culture of inappropriate attention to wealth connects with your cautionary approach to asset display, particularly Bitcoin. Indeed, financial discretion protects against dangers. Why should asset holders pay for crime prevention? Society improperly places crime prevention on individuals. Now consider Bitcoin's values: Financial autonomy is the goal, not just a currency. By promoting secrecy, arent we reducing its appeal? This is crucial: Balance advocacy and personal safety. We must promote cryptocurrency awareness and education to create a culture where wealth- digital or otherwise - empowers rather than criminalizes.

[EarnOnVictor]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Yeah. It is safer to keep your financial investment to yourself and only reveal to your spouse. Not going around making a public announcement of what you have in your account. This could lead to you being exposed to those with criminal intent. It is better to live your life in private, except you are a celebrity or a political expose people.

You have good advice there, but I would still like to warn you that revealing your wallet status to your spouse must be rethought as it's not in all relationships that spouses mean well for themselves, so the advice shouldn't be general. Some spouses are good, some are bad and some are ugly, so if yours is wise and good, then you can go ahead with it but also be sensitive to the revelation since the world is cruel. At times, it might not be the spouse that would perpetrate the evil against their fellow spouse but someone who the spouse reveals it to without an evil intention might be those who would do it. This is why we have to be smart even as we disclose to our spouse and let them know the danger of letting a third party know about it.

Besides, it's a very bad and dangerous thing to be running our mouths like a fool, and if someone is naturally mature, they do not run their mouth anyhow, they will be calm, and listen more than they speak. These attributes should be inculcated in our wallet possessions as well, we should never dare reveal the worth of our wallets, it's better to pretend to have nothing at all or very little crypto assets if we can't deny it entirely. After all, the main reason why Satoshi invented Bitcoin was to keep the anonymity and privacy that the centralized system is depriving the masses.

[Awaklara]

If we want to live safely, we must be able to take care of ourselves and not provoke people to commit crimes, such as showing off our assets, for example gold and crypto. because we will not know someone's heart even if he is our friend or relative. Bitcoin is a very valuable asset, even though we have 1 or 2 Bitcoins, of course in certain countries you can buy a house by selling just 1 Bitcoin. So we shouldn't show off Bitcoin to everyone, even if it's our relatives, so that we are potentially free from the threat of crime. So your advice is very good and certainly useful. Indeed, lately there has been a lot of news circulating, including in my country, that was the result of showing off crypto to his friend until he was finally killed by his own friend and his friend wanted the crypto that was on his friend. so we have to look after our assets seriously.

In my opinion, it is better for us to be considered poor, but we have valuable assets, rather than showing off our assets which will potentially cause us harm.

Yes, that's true, but we can't be completely closed to Bitcoin ownership. at least it is a family member or someone closest to us. surely you will tell them.
The most important thing is to only talk about Bitcoin with people who really know and are in the right environment. it's like fellow people investing in Bitcoin.
Of course, avoid posting anything related to your Bitcoin asset balance. As far as possible, keep away from screenshots and uploads on our social media. We ourselves know the limits of what we can do and what we should avoid. all for safety and comfort.

[Bobrox]

Many people want to showoff their profitable earn from bitcoin and never hidden yet with how much profit earned or how much bitcoin assets have in their wallet, some people want to get respect from the other by showoff their bitcoin. No recommended sharing with how many bitcoin or altcoin assets have in our wallet but make it private only know by our family only. Many people have understood well with bitcoin transaction and how to withdraw become fiat, when getting chance with people interested for showoff their bitcoin assets will be target by thief how to stole his bitcoin assets.

Some one want to get more interested with their social media account by showoff with how many bitcoin in their wallet, I think better make privacy with your assets and close chance from thief or criminal cases happen to us when not sharing with how many bitcoin asset we hold in wallet.

[anna_20]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I just heard something similar to this story, but the guy was not so lucky. he resisted and did not tell the passcode to his wallet and the thief got angry and shot him!

[UmerIdrees]

Many people want to showoff their profitable earn from bitcoin and never hidden yet with how much profit earned or how much bitcoin assets have in their wallet, some people want to get respect from the other by showoff their bitcoin. No recommended sharing with how many bitcoin or altcoin assets have in our wallet but make it private only know by our family only. Many people have understood well with bitcoin transaction and how to withdraw become fiat, when getting chance with people interested for showoff their bitcoin assets will be target by thief how to stole his bitcoin assets.

Some people show off thier crypto assets without any typical reason while other need to show off that they have a lot of bitcoin and crypto and they feel unsatisfied until they know that all of thier family members and friends know that he has that much assets, Usually these are those people who will show off themselves to be rich and for this they won't be limited to showing thier crypto but also willing to show everything they own like car, home etc

Some one want to get more interested with their social media account by showoff with how many bitcoin in their wallet, I think better make privacy with your assets and close chance from thief or criminal cases happen to us when not sharing with how many bitcoin asset we hold in wallet.

Well, if you show your wallet balance to anyone, they can't steal anything from you but sometimes when other people know that you have that much balance then they may become jealous and think bad about you. Maybe try to harm you or anything like that, so for this reason i am that sort of person who won't be much interested to show off his assets to anyone.

[GigaBit]

If you Know your family well then i don't think this will ever takes place not unless you grown from different places so you know nothing about the family members then they might have that Idea of taking your funds out.
but as long as the people you are sharing are someone that you know well? I am sure they will never take your funds(but still need to stay silence about your holding) because like me, Only Wife and my parents have idea how much I am Holding now because they are the only person i trusted the most.

When it comes to money is really hard to trust someone even if the person is very close to you, like you said, is your wife and family who knows how much you're holding. I believe you can as well say out your seed phrase to them right?
All I'm saying is money has a way of changing people, in some cases if they know how much you're holding they might try to know your phrase and even try to get hold of your funds, things might get messy.

Since greed works in people, it takes no time to change. Especially money-related matters can cause a quick reaction, even a trusted person in one's family can do this. I don't think it's better to tell about the money. And if someone needs to be informed then only he can be informed that he has money but to reveal how much money he has can create a different reaction. Even if you don't trust an outsider, you must trust a member of the family. But you have to take responsibility for your own financial security or else it will be risky. As much security as possible regarding crypto assets that will be better for the assets holder.

[Shamm]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

In real life we should not Post anything involve in money we have in public or in social media cause the outcome of these are like what you've said there's a chance to be kidnapped as we all know that nowadys there are many people who are actually do illegal if we speak about money. Like that you've said above the relative's of a person who showed a  bitcoins he/she have had been kidnapped and the kidnapers ask for Bitcoin for the ronsom. Even in real life we should not give our details in toe the Public if we have. Alot of money cause if someone will interested then there's a possibility that our life is in risk.

[Agbe]

This advice should be just straightforward do not flaunt your wealth.

If you are wealthy, you don't have to tell people before they will know that you have money. There are something people will use to detect you that you have money. And one of those things are, the foods you eat, the clothes you wear, and in the highest one is your wife and children. These are some of the things people will use to know that you have money. A girl was kidnapped in the city I am. Her boyfriend kidnapped her and asked her father to pay $3,000 and he paid the money to release her. And she was kidnapped because of her luxurious lifestyle. And to add it to what the Op has said, the above should also be avoided.

[gabbie2010]

One of the features of Bitcoin is it anonymity as a hodler it's expected not disclose your asset to any close friends, because lack of trust as well as avoid flaunting of your Bitcoin asset once you did that you would be become a kidnapper target mostly if you are based in a notorious city, I read a similar story of guy who live in country who was kidnapped at gun point and forced to transfer all his Bitcoin asset in his Binance account unfortunately he emptied all his coins to the kidnappers before he was let off the hook thereafter after some investigations it was discovered that the guy live an extravagant life style as well flaunting his wealth which prompted his kidnap.

[Victorik]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Most people actually. When it comes to money, there are people who don't want to see you successful in life or they want to be the one to have that success. Most people can think of anything bad to get your money or what you possess, and if they see an opportunity to take it.

This is true, only loved ones like parents and spouses are not jealous of us, most people will be jealous of each other when they see others superior to them. That is the selfish nature that exists in each of us. So it would be a lie if we said we weren't jealous of our friends if we weren't equal to them.

Not only with bitcoin but with any asset of great value, we should not share or brag with everyone. That doesn't make people respect or praise us, it only makes them jealous and hate us more.

Hmm, sometimes, even some family members could be jealous of your wealth and may even want it for themselves. That's the more reason why you must be very careful and mindful of whom you tell some very sensitive secret to.
Just stay safe

If you Know your family well then i don't think this will ever takes place not unless you grown from different places so you know nothing about the family members then they might have that Idea of taking your funds out.
but as long as the people you are sharing are someone that you know well? I am sure they will never take your funds(but still need to stay silence about your holding) because like me, Only Wife and my parents have idea how much I am Holding now because they are the only person i trusted the most.

The fact remains that not all family members will want to defraud you but then also, some family members might utilize that opportunity when it present itself, moreso, you can't really know people. You can't go about trusting everyone. Even wife and husband's betray themselves, still  there are trustworthy people amongst us who really do not care about our finances, but since we can't read people minds, it is better to be safe than to be sorry

[Victorik]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Yeah. It is safer to keep your financial investment to yourself and only reveal to your spouse. Not going around making a public announcement of what you have in your account. This could lead to you being exposed to those with criminal intent. It is better to live your life in private, except you are a celebrity or a political expose people.

You have good advice there, but I would still like to warn you that revealing your wallet status to your spouse must be rethought as it's not in all relationships that spouses mean well for themselves, so the advice shouldn't be general. Some spouses are good, some are bad and some are ugly, so if yours is wise and good, then you can go ahead with it but also be sensitive to the revelation since the world is cruel. At times, it might not be the spouse that would perpetrate the evil against their fellow spouse but someone who the spouse reveals it to without an evil intention might be those who would do it. This is why we have to be smart even as we disclose to our spouse and let them know the danger of letting a third party know about it.

Besides, it's a very bad and dangerous thing to be running our mouths like a fool, and if someone is naturally mature, they do not run their mouth anyhow, they will be calm, and listen more than they speak. These attributes should be inculcated in our wallet possessions as well, we should never dare reveal the worth of our wallets, it's better to pretend to have nothing at all or very little crypto assets if we can't deny it entirely. After all, the main reason why Satoshi invented Bitcoin was to keep the anonymity and privacy that the centralized system is depriving the masses.

When I mean spouse, I am actually referring to a wife/husband, not just a random girlfriend/ boyfriend.
Ii understand that there may still be partners who may not mean well.for their spouses, but that shouldn't discourage us from still trusting and revealing our secret to our wife/husband just in the case of eventualities.
That being said, know your partner before you reveal your secret to them, so they don't end up selling you out.

[Suzume]

It's right everytime try to hide your holdings. In our country crypto is illigali if you are investing money in it if amy how government know that you are investing and holding crypto that's create a bog problem in you life. I always hide my holding and some people in my family know that I invest in cryptocurrency and hold. In my opinion don't share your investment it's harmful for you in future.

[DubemIfedigbo001]

About the information on one's Bitcoin, it's better to keep it a secret, who knows the intention of anyone? What we are hearing daily on how people are being hacked and robbed of their Bitcoins should be a lesson for us all and no matter how you are close with someone, it's better that they do not know much about your Bitcoin standing.

The best and most secured way to live life now is low key, let people not know anything about your finances and let your accomplishments come as a surprise to them. The more you allow people gain knowledge about your financial strength, the more you're gathering unnecessary attention in your direction and not all those who are celebrating you are really happy for you. A lot are friendly enemies. Bitcoin was created to enhance privacy and financial security, but its sad to know that people are now  publicizing the content of their wallet and drawing unnecessary attention to themselves.

People cause their own problems most times with unnecessary publicity just like the man described by OP,  he showed his extended family members his wallet, with clear intention, but the sad truth is that most family members intentions aren't clear towards one another. The best practice is to live a private life and allow your success make the noise. No one should know the actual content of your wallet, but your immediate family is supposed to know that you've crypto, and where they can find your seed phrases in case anything happens to you.

[ancafe]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not everyone likes to see you have a lot of money so spreading bitcoin ownership to other people is not a good decision. We never know how people will take advantage of our weaknesses and when they have the opportunity they will blackmail us for personal gain. Being anonymous when involved in bitcoin would be much better because the level of security would be much more guaranteed and showing off bitcoin ownership to other people is quite reckless behavior.

This does not only apply to cryptocurrency or more specifically to bitcoin because wealth is a level of security that we need to maintain and if we are negligent and continue to expose ourselves, people will look for loopholes to blackmail us. Always be alert and careful because being anonymous will be much safer than showing off the arrogance of having some bitcoins.

[BitcoinTurk]

Definitely, we shouldn't share not only the amount of Bitcoin we own but also any of our financial assets with others. Unfortunately, especially today many people have become unreliable and many of these people are unfortunately around us. In a news article I read before, I saw that a child (I said child because if I remember it correct, he was 17) who owned a very high amount of Bitcoin shared it with many people around him and was later kidnapped and then killed because he didn't agree to share his wallet password and send all his Bitcoins. Of course, it is necessary not to believe all such content and I don't know if it is really true news but with such events, we learn that we shouldn't share our financial wealth with anyone. I think that someone who has gained financial freedom with Bitcoin or earned a very good amount of money behaves in this way for show-off purposes in order to attract attention with the increasing popularity of cryptocurrencies today but when we see such content we confirm how wrong this behavior actually is. As Ahzee, a singer I love very much, said;

''We got money not to show, we just got money to blow.''

[Sexylizzy2813]

Since greed works in people, it takes no time to change. Especially money-related matters can cause a quick reaction, even a trusted person in one's family can do this. I don't think it's better to tell about the money. And if someone needs to be informed then only he can be informed that he has money but to reveal how much money he has can create a different reaction. Even if you don't trust an outsider, you must trust a member of the family. But you have to take responsibility for your own financial security or else it will be risky. As much security as possible regarding crypto assets that will be better for the assets holder.

Money is very powerful and it can divide a very close family brother against brother, keep your seed phrase to yourself and your mouth shut concerning anything that has to do with your fund or wallet. It's just that everything has gone south if not the safest people to disclose such an information to is your family but since money can change the character of someone, your financial security is your responsibility alone so for me, I'd rather back up my seed phrase instead of disclosing it to a family member in the off chance that I forget or misplace it.

[jerry0]

What about the real popular youtubers who talk about btc nonstop?  Certainly they aren't' walking around with security with them like Elon Musk?

[WhyFhy]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

A good reminder of why it's important to keep your crypto holdings under wraps. Showing off your bitcoin can lead to kneecapping situations, like the kidnapping incident you mentioned. Even if the funds are recovered, the risk to personal safety is real. Always be vigilant of who you're sharing your financial details with, especially when it involves something as volatile and desirable as cryptocurrencies. Stay discreet with your BTC.

[EarnOnVictor]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

I think this should only apply to crypto hodlings. Generally, it is a very risky thing to flaunt your wealth. Not everyone is happy with you and some will be looking for ways to sell you out to people who could harm you and try to take your wealth.

What is the point showing his entire family his portfolio? Was he trying to convince them to invest, or just for show off. Whatever his reasons are, my take from his experience is that one should be careful who you show sensitive things about you to.

It is because some people will get jealous of your great achievement in life and they start to think of making you down.
Indeed, we should be careful about whose and whom to tell our holding but much better to just tell no one aside from our husband/wife. In fact, we don't need to involve our life with others, and actually, no reason for them to know that we have XXX of Bitcoin because they really hate it. Sometime, they will tell us a scammer and some say that we are involved in illegal activities.

Yeah. It is safer to keep your financial investment to yourself and only reveal to your spouse. Not going around making a public announcement of what you have in your account. This could lead to you being exposed to those with criminal intent. It is better to live your life in private, except you are a celebrity or a political expose people.

You have good advice there, but I would still like to warn you that revealing your wallet status to your spouse must be rethought as it's not in all relationships that spouses mean well for themselves, so the advice shouldn't be general. Some spouses are good, some are bad and some are ugly, so if yours is wise and good, then you can go ahead with it but also be sensitive to the revelation since the world is cruel. At times, it might not be the spouse that would perpetrate the evil against their fellow spouse but someone who the spouse reveals it to without an evil intention might be those who would do it. This is why we have to be smart even as we disclose to our spouse and let them know the danger of letting a third party know about it.

Besides, it's a very bad and dangerous thing to be running our mouths like a fool, and if someone is naturally mature, they do not run their mouth anyhow, they will be calm, and listen more than they speak. These attributes should be inculcated in our wallet possessions as well, we should never dare reveal the worth of our wallets, it's better to pretend to have nothing at all or very little crypto assets if we can't deny it entirely. After all, the main reason why Satoshi invented Bitcoin was to keep the anonymity and privacy that the centralized system is depriving the masses.

When I mean spouse, I am actually referring to a wife/husband, not just a random girlfriend/ boyfriend.
Ii understand that there may still be partners who may not mean well.for their spouses, but that shouldn't discourage us from still trusting and revealing our secret to our wife/husband just in the case of eventualities.
That being said, know your partner before you reveal your secret to them, so they don't end up selling you out.

Spouse doesn't have a different meaning so I don't know why you are still pointing to it that you meant wife/husband and my explanation on this is clear. You might be in the best marriage right now, but I must tell you that most people are in a challenging marriage, and that is a fact, so I only caution you from generalizing the fact that it must be revealed to one's spouse, nothing more, except the person is so sure of the genuity of the union.

Even those who believe they are in a genuine union are still often betrayed, so the advice is clear, one has to be very careful in disclosing their wallet status and access to spouses. Some spouses who claimed they were good might later be tempted by the asset's worth as money is powerful and could corrupt good manners in most cases. This advice might not be applicable to all but could still save lives and property when you are too trusting in a marriage, many have been betrayed. The high level of divorce these days is enough reason for someone to be wise. It won't just start immediatley, it takes time and the less you disclose, the better for you. Of course, unless you are near 100% in trust with your spouse which I believe is not common these days that everyone seems selfish.

[Smack That Ace]

What about the real popular youtubers who talk about btc nonstop?  Certainly they aren't' walking around with security with them like Elon Musk?

I'm also wondering this, famous Kols are active on social platforms like Twitter, Facebook...they always show off their assets every day looking for new people to join their team. They own millions of dollars in cryptocurrency and I have seen them peacefully for years. Do they need bodyguards every time they go out or do they need police protection? I hate when people flaunt their wealth, but we don't need to exaggerate things about bitcoin any more than necessary.

[leonair]

What about the real popular youtubers who talk about btc nonstop?  Certainly they aren't' walking around with security with them like Elon Musk?

I'm also wondering this, famous Kols are active on social platforms like Twitter, Facebook...they always show off their assets every day looking for new people to join their team. They own millions of dollars in cryptocurrency and I have seen them peacefully for years. Do they need bodyguards every time they go out or do they need police protection? I hate when people flaunt their wealth, but we don't need to exaggerate things about bitcoin any more than necessary.

Not everyone has the same ability to protect themselves.  He is a strong enough person with social fans and political support and high amount of money support all because of which no one can harm him easily. So not everyone has the ability to protect themselves. So of course you should always keep your Bitcoin holdings hidden. And if you have the ability to protect yourself you can show off like him. Otherwise such activity can put you in great danger.  So you should think twice before doing anything, especially financial

[Litzki1990]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Not everyone likes to see you have a lot of money so spreading bitcoin ownership to other people is not a good decision. We never know how people will take advantage of our weaknesses and when they have the opportunity they will blackmail us for personal gain. Being anonymous when involved in bitcoin would be much better because the level of security would be much more guaranteed and showing off bitcoin ownership to other people is quite reckless behavior.

This does not only apply to cryptocurrency or more specifically to bitcoin because wealth is a level of security that we need to maintain and if we are negligent and continue to expose ourselves, people will look for loopholes to blackmail us. Always be alert and careful because being anonymous will be much safer than showing off the arrogance of having some bitcoins.

Even if everyone wants you well, in fact, some people will never take your progress as good. I have noticed in each case that it is not just about investing in Bitcoin.

Two friends used to work in the same company, the two friends did not join the company at the same time but the first friend gave the second friend an opportunity to work in that company. Initially there was good bonding between the two but as time changed the distance between the two increased. The second friend worked better than the first friend to please the owner of the company due to which the second friend was given a promotion which the first friend could not accept. The first friend's comment was that the person I hired could not be my boss in my company, that's why he fired him from the company by making various slurs on the name of the second friend. After this incident, I feel that no one really wants my own good, since I have to fulfill my responsibilities and protect myself, there is no need to share my personal matters with others unnecessarily. 

There is no need to share the investment that I will invest with because I will not get any benefit from sharing my investment with him rather he can harm me and he can do everything for his interest. There are things that my neighbor or my friend might be jealous of if they hear about them, I keep them completely secret and I keep them from my family too.

[Baki202]

Many people want to showoff their profitable earn from bitcoin and never hidden yet with how much profit earned or how much bitcoin assets have in their wallet, some people want to get respect from the other by showoff their bitcoin. No recommended sharing with how many bitcoin or altcoin assets have in our wallet but make it private only know by our family only. Many people have understood well with bitcoin transaction and how to withdraw become fiat, when getting chance with people interested for showoff their bitcoin assets will be target by thief how to stole his bitcoin assets.

Some one want to get more interested with their social media account by showoff with how many bitcoin in their wallet, I think better make privacy with your assets and close chance from thief or criminal cases happen to us when not sharing with how many bitcoin asset we hold in wallet.

In the beginning, I felt like it was only people who gamble that did the showoff but I noticed a lot of people showing off their assets in Bitcoin and most especially people who have training centers for those who want to train, maybe to show the evidence of how much they are making but is that really necessary to me it is not at all, exposing the value of you asset it just another way of exposing your self to been attacked, and also for respect and to be recognized of their worth, family knowing is not a bad idea but showing off on different social media is just childish to me. and even in the family circle of some bad friends once they know you have Bitcoin they will try to enter your wallet once they get the chance and that is why you have to be very careful of what you disclose, the best thing anyone can do is to keep their holding private that is the best they can do for them self. 

One of the features of Bitcoin is it anonymity as a hodler it's expected not disclose your asset to any close friends, because lack of trust as well as avoid flaunting of your Bitcoin asset once you did that you would be become a kidnapper target mostly if you are based in a notorious city, I read a similar story of guy who live in country who was kidnapped at gun point and forced to transfer all his Bitcoin asset in his Binance account unfortunately he emptied all his coins to the kidnappers before he was let off the hook thereafter after some investigations it was discovered that the guy live an extravagant life style as well flaunting his wealth which prompted his kidnap.

the anonymity was the best because once that privacy is not maintained and that is why you see a lot of crime where people are killed and their assets are stolen just because they were too loud about their assets and they get robbed and eventually even killed process of robbery, and even set up because the world we live in now a lot of jealous people everywhere. and if not for anything I don't see any importance in showing off your assets to people that won't have any value to you so what is no the point. and that is why so many people are even kidnapped just because of how they live their lives and that is why in some cities even if you have money it is just better to live a low-key life to avoid things like this.

It's right everytime try to hide your holdings. In our country crypto is illigali if you are investing money in it if amy how government know that you are investing and holding crypto that's create a bog problem in you life. I always hide my holding and some people in my family know that I invest in cryptocurrency and hold. In my opinion don't share your investment it's harmful for you in future.

imagine, in your country, if you don't even watch what you say even your neighbors can snitch on you, and at the end of the day you will get arrested, and you caused it, and I know in that country of yours there are people who will be investing in bitcoin heavily but no one will suspect because they are keeping their mouth shut because of they know the risk behind it, and even in your family people you tell about your bitcoin should be very few not everybody you tell about your bitcoin, because even in the family not everyone likes you and can also snitch on you.

[ancafe]

Two friends used to work in the same company, the two friends did not join the company at the same time but the first friend gave the second friend an opportunity to work in that company. Initially there was good bonding between the two but as time changed the distance between the two increased. The second friend worked better than the first friend to please the owner of the company due to which the second friend was given a promotion which the first friend could not accept. The first friend's comment was that the person I hired could not be my boss in my company, that's why he fired him from the company by making various slurs on the name of the second friend. After this incident, I feel that no one really wants my own good, since I have to fulfill my responsibilities and protect myself, there is no need to share my personal matters with others unnecessarily. 

There is no need to share the investment that I will invest with because I will not get any benefit from sharing my investment with him rather he can harm me and he can do everything for his interest. There are things that my neighbor or my friend might be jealous of if they hear about them, I keep them completely secret and I keep them from my family too.

This is more to the personality of the two friends that you tell and may talk about unhealthy competition occurs between the two, causing social jealousy of the success of each other. What is behind we do not tell anyone about the investment we live in Bitcoin. First we do not want to be exposed to public space because if one person knows then they will definitely tell others. Both there will be many people who will borrow money and in the end will make friendship more tenuous because of the difficulty of paying debts after borrowing.

Third is a case where everyone will avoid it with too many people who know we are involved in Bitcoin will provide opportunities for anyone to do things we don't want. Robbery and extortion can happen because people think we have a lot of money through Bitcoin storage because one bitcoin has a fairly fantastic price. So try not to make investment in Bitcoin known by many people because it can provide an uncertain level of security especially if you live in a vulnerable area.

[Litzki1990]

Two friends used to work in the same company, the two friends did not join the company at the same time but the first friend gave the second friend an opportunity to work in that company. Initially there was good bonding between the two but as time changed the distance between the two increased. The second friend worked better than the first friend to please the owner of the company due to which the second friend was given a promotion which the first friend could not accept. The first friend's comment was that the person I hired could not be my boss in my company, that's why he fired him from the company by making various slurs on the name of the second friend. After this incident, I feel that no one really wants my own good, since I have to fulfill my responsibilities and protect myself, there is no need to share my personal matters with others unnecessarily.  

There is no need to share the investment that I will invest with because I will not get any benefit from sharing my investment with him rather he can harm me and he can do everything for his interest. There are things that my neighbor or my friend might be jealous of if they hear about them, I keep them completely secret and I keep them from my family too.

This is more to the personality of the two friends that you tell and may talk about unhealthy competition occurs between the two, causing social jealousy of the success of each other. What is behind we do not tell anyone about the investment we live in Bitcoin. First we do not want to be exposed to public space because if one person knows then they will definitely tell others. Both there will be many people who will borrow money and in the end will make friendship more tenuous because of the difficulty of paying debts after borrowing.

Third is a case where everyone will avoid it with too many people who know we are involved in Bitcoin will provide opportunities for anyone to do things we don't want. Robbery and extortion can happen because people think we have a lot of money through Bitcoin storage because one bitcoin has a fairly fantastic price. So try not to make investment in Bitcoin known by many people because it can provide an uncertain level of security especially if you live in a vulnerable area.

The real story of the two friends I have shared here is that the first friend wanted to remove the unemployment of his unemployed friend but he never wanted his friend to improve. The first friend only wanted to arrange a job so that his second friend could continue but could not bear it when his second friend got promoted in his skills. I think if we ever feel jealous of a friend's success then we need to understand that we are small minded. Friends never harm or friends always stand by these words only fit the policy words but the real context is completely different.  
I shared my investment in Bitcoin to my friend, he may not care much at first, but when he knows that I have made good money from this investment and my total investment is now fairly high, he will be jealous. And if for some reason I had a fight with him, he would bring up my investment.  

Protect yourself and maintain your privacy, if you need to share something personal to prove your friendship, that friendship will never do you any good. A true friend who stands by one's side without interest, who is found in times of danger, but it is difficult to find such a friend in this age. Since investing in Bitcoin I have made my device password strong enough and no one but me is allowed to use my device. I want to maintain the maximum security of my investment, since telling someone will not be profitable without loss, only I and no one else will know about my investment, I think it will protect the privacy of my investment.

[cryptoWODL]

The real story of the two friends I have shared here is that the first friend wanted to remove the unemployment of his unemployed friend but he never wanted his friend to improve. The first friend only wanted to arrange a job so that his second friend could continue but could not bear it when his second friend got promoted in his skills. I think if we ever feel jealous of a friend's success then we need to understand that we are small minded. Friends never harm or friends always stand by these words only fit the policy words but the real context is completely different.  
I shared my investment in Bitcoin to my friend, he may not care much at first, but when he knows that I have made good money from this investment and my total investment is now fairly high, he will be jealous. And if for some reason I had a fight with him, he would bring up my investment.  

Protect yourself and maintain your privacy, if you need to share something personal to prove your friendship, that friendship will never do you any good. A true friend who stands by one's side without interest, who is found in times of danger, but it is difficult to find such a friend in this age. Since investing in Bitcoin I have made my device password strong enough and no one but me is allowed to use my device. I want to maintain the maximum security of my investment, since telling someone will not be profitable without loss, only I and no one else will know about my investment, I think it will protect the privacy of my investment.

Not just holding bitcoins I think we should also hide our wealth from people because we have no shortage of untrustworthy people around us now.
Reading this true story of yours reminded me of an incident that happened in our country a few months ago which I read in the news.I read in the news that some bad people in some part of our country are holding a small child hostage.And they demand bitcoins from the child's family as ransom.They claim for bitcoins because they know that the child's family is investing in bitcoins or they have bitcoins because of which they couldn't handle the temptation.

I want to maintain the maximum security of my investment, since telling someone will not be profitable without loss, only I and no one else will know about my investment, I think it will protect the privacy of my investment.

We need to provide enough security for our invested bitcoins or crypto tokens because if someone finds out, they will try to harm us, be it their friends or neighbors.I invest in bitcoins and for the security of these invested bitcoins I have not shared with anyone that I am investing in bitcoins.We should provide as much security as we need to protect our own invested bitcoins or financial assets.

[bayu7adi]

Well, if you show your wallet balance to anyone, they can't steal anything from you but sometimes when other people know that you have that much balance then they may become jealous and think bad about you. Maybe try to harm you or anything like that, so for this reason i am that sort of person who won't be much interested to show off his assets to anyone.

Actually, everyone's response to someone showcasing a large balance on social media varies. Some show respect, while others may be eyeing their wealth. However, there are also people who don't care about what's shared on their social media timeline.

I once flaunted my income on social media, which was above average. I received these three responses from my friends. Upon reflecting on what I did, I realized it was a completely useless action.

True honor doesn't come from money. Even if you're rich and respected by others, their respect is for your money and your wealth, not true honor. Boasting about wealth doesn't bring any benefits if done without a purpose. Showing off might be necessary if you manage a specific business, but with a business goal, not for the purpose of being acknowledged by someone. I think acknowledgment won't bring financial benefits... it just makes you a bit more famous, nothing more.

[bitterguy28]

There are some influencers that I am following who are often showing to the Public their bitcoin and other crypto maybe because they wanted to Lure more followers and maybe some will sign up to  their  crypto classes as they are offering a paid crypto knowledge sharing(some even pretending to be mentor)
but for me personally , I only share my assets to a few people and the first is My wife and daughter , and also my Mother and father .,some people that close to me also knew i am into crypto but never that i told them my assets.

[erep]

There are some influencers that I am following who are often showing to the Public their bitcoin and other crypto maybe because they wanted to Lure more followers and maybe some will sign up to  their  crypto classes as they are offering a paid crypto knowledge sharing(some even pretending to be mentor)

Maybe they show fake portfolio assets to the public to lure other people to join trading classes or signal groups, some influencers hide using fake accounts to create signals that are posted on VIP groups but actually only use low funds for futures trading to capture profit images for posted as proof of a valid signal. So be careful when browsing the internet and you must have the knowledge to filter all the information.

but for me personally , I only share my assets to a few people and the first is My wife and daughter , and also my Mother and father .,some people that close to me also knew i am into crypto but never that i told them my assets.

They must know your crypto assets but you must educate trusted people to learn how to access crypto wallets, send balances to exchange accounts and teach them how to withdraw funds to the bank, but you do not give them seeds or private keys and you give instructions that private keys has been kept in a private place.

[terrific]

There are some influencers that I am following who are often showing to the Public their bitcoin and other crypto maybe because they wanted to Lure more followers and maybe some will sign up to  their  crypto classes as they are offering a paid crypto knowledge sharing(some even pretending to be mentor)
but for me personally , I only share my assets to a few people and the first is My wife and daughter , and also my Mother and father .,some people that close to me also knew i am into crypto but never that i told them my assets.

It is for attraction why they're showing their Bitcoin holdings to the public. It's a norm these days on social media that they need to show off for them to get followed.
While the bunch of followers do not think of it, as long as there's money involved, someone's eyes is interested to look at the wealth of over people.
This is what influence and social media has done for the most.

[FinePoine0]

Especially when it comes to any money not just bitcoins, there should be no yelling. There are many bad people around us who don't sleep, they only look for big men and money. And at the right time they strike or force you to take money from any direction, because one day you may face huge problems. So (money always prefers privacy) if you can use money rightly then you can live rightly so without shouting keep privacy rightly. Never try to go viral in the age of social media with affluent lifestyle or bitcoin holdings, you may end up in law or the bad guys around you. So money should be kept confidential, if one wants to live properly.

[Suzume]

Many sheare their Bitcoin holding with others because they want to show them and take intention of them. But that's the foolish work ever. I think gaining intention is foolish work ever. Hide your holdings from others even family to if they want helps help them if you can. You showing of will create problem in future.

[DanWalker]

There are some influencers that I am following who are often showing to the Public their bitcoin and other crypto maybe because they wanted to Lure more followers and maybe some will sign up to  their  crypto classes as they are offering a paid crypto knowledge sharing(some even pretending to be mentor)

Maybe they show fake portfolio assets to the public to lure other people to join trading classes or signal groups, some influencers hide using fake accounts to create signals that are posted on VIP groups but actually only use low funds for futures trading to capture profit images for posted as proof of a valid signal. So be careful when browsing the internet and you must have the knowledge to filter all the information.

Yes, most people who constantly show off their assets on social media have a purpose behind it and no one can verify that what they post is actually their real account. Because I just think one thing, if they can make money so well, why do they have to charge others? And instead they should focus more on their investments to bring maximum returns.

but for me personally , I only share my assets to a few people and the first is My wife and daughter , and also my Mother and father .,some people that close to me also knew i am into crypto but never that i told them my assets.

They must know your crypto assets but you must educate trusted people to learn how to access crypto wallets, send balances to exchange accounts and teach them how to withdraw funds to the bank, but you do not give them seeds or private keys and you give instructions that private keys has been kept in a private place.

I also do this because I not only live for myself but also have a family. But what I find strange is that some people don't even want to share it with their loved ones. They are always suspicious of everyone, even the closest people like parents and wives. Is Bitcoin more important than our parents, wives and children?

[Volimack]

Not everyone has the same motive for holding bitcoins but my personal opinion is to share with your family because family is the closest when times are bad. If there is any danger someone in his family can easily use bitcoin. May cause harm to others no one else like the family would ever want to get in trouble for harm. Let's share with one of the family to eliminate their own problems.

[Rabata]

Not everyone has the same motive for holding bitcoins but my personal opinion is to share with your family because family is the closest when times are bad. If there is any danger someone in his family can easily use bitcoin. May cause harm to others no one else like the family would ever want to get in trouble for harm. Let's share with one of the family to eliminate their own problems.

Just as one should not tell others about Bitcoin holdings in case of being scammed by scammers, one must tell someone in the family about Bitcoin holdings for financial security of the family. At any time if death occurs due to accident or natural causes then recovery of the bitcoins will not be possible. So every investor should inform a trusted family member about his holdings. However, if friends or relatives tell someone about these holdings, if they are dishonest for any reason, then the holder may be exposed to danger. A holder is responsible for the security of his bitcoins and knows best who is worthy for sharing his holdings.

[bayu7adi]

It is for attraction why they're showing their Bitcoin holdings to the public. It's a norm these days on social media that they need to show off for them to get followed.
While the bunch of followers do not think of it, as long as there's money involved, someone's eyes is interested to look at the wealth of over people.
This is what influence and social media has done for the most.

People(who see some one asset uploaded on soc-med) hope that by following and engaging with those who flaunt their wealth, they will receive advice on how to make money and become rich by copying whatever the showy individuals are doing. However, it should be noted that it is not useful at all because everyone has secrets that cannot be shared on social media. As for someone who has just started and is new to this, hoping to make more money? That's highly impossible. Even big investors will keep their investment strategies confidential to avoid competition.

Showing off on social media is just seeking attention, and it is truly useless for oneself or anyone else. Instead of engaging in such show off in socmed, it's better to focus on self improvement and self evaluation to maximize future income.

[so98nn]

Yeah, I think what we earn should only be known by you, your wife and parents, that’s all. Lolz. I’m not sure what’s the trust status overseas but these would be the peeps with whom I would share my holdings and no one else. There is really no point in flaunting our wealth with anyone. We earn it, we should just spend it for ourselves and on our family. Things we earn can only be trusted with them as they are closest soul to us who understand the importance of that wealth and they have no ego or jealousy against how much I am earning or saving. They know very well I’m doing it for them, for the family well being. I think that is pretty well settled and one can actually nominate them in case of emergencies so that wealth can be safely transferred.

The example that is mentioned shows the person trusted relatives. Well, anyone outside family with any close relationship is always a risk to be honest. Better earn, invest and save with full confidence.

If we are in Bitcoin then it is most stupidest thing to expose about Bitcoin holding as it destroys the whole purpose of anonymous nature of Bitcoin.

[ancafe]

The real story of the two friends I have shared here is that the first friend wanted to remove the unemployment of his unemployed friend but he never wanted his friend to improve. The first friend only wanted to arrange a job so that his second friend could continue but could not bear it when his second friend got promoted in his skills. I think if we ever feel jealous of a friend's success then we need to understand that we are small minded. Friends never harm or friends always stand by these words only fit the policy words but the real context is completely different.  
I shared my investment in Bitcoin to my friend, he may not care much at first, but when he knows that I have made good money from this investment and my total investment is now fairly high, he will be jealous. And if for some reason I had a fight with him, he would bring up my investment.  

Protect yourself and maintain your privacy, if you need to share something personal to prove your friendship, that friendship will never do you any good. A true friend who stands by one's side without interest, who is found in times of danger, but it is difficult to find such a friend in this age. Since investing in Bitcoin I have made my device password strong enough and no one but me is allowed to use my device. I want to maintain the maximum security of my investment, since telling someone will not be profitable without loss, only I and no one else will know about my investment, I think it will protect the privacy of my investment.

In the business world, incidents like this usually happen often and friends never really want to see other friends succeed in building their own businesses. If someone is jealous of a friend who is progressing then it is a sign that he does not have a sincere heart and he also does not understand true economic concepts. When someone succeeds from our education then we have actually succeeded in making big changes in other people's lives and we will also receive results/compensation in the future without us realizing it. The level of friendship has limits and not all friends can be trusted to be involved in our progress, especially in work that makes money.

Have you ever heard the words of previous parents that there are several types of friends who can be trusted? There are friends who can be invited to the house, there are friends who can be invited to the room and there are friends who cannot be invited to the house. In the past, I often listened to this advice from my parents and after we were adults did we understand what this advice meant. There must be boundaries between ourselves and friends and personal items such as cellphones or laptops are not something that should be shared and they are never allowed to touch personal items without our knowledge as the owner and if you don't limit personal matters, privacy and other boundaries then a friend will never be able to respect our privacy.

[Reatim]

There are some influencers that I am following who are often showing to the Public their bitcoin and other crypto maybe because they wanted to Lure more followers and maybe some will sign up to  their  crypto classes as they are offering a paid crypto knowledge sharing(some even pretending to be mentor)
but for me personally , I only share my assets to a few people and the first is My wife and daughter , and also my Mother and father .,some people that close to me also knew i am into crypto but never that i told them my assets.

It is for attraction why they're showing their Bitcoin holdings to the public. It's a norm these days on social media that they need to show off for them to get followed.
While the bunch of followers do not think of it, as long as there's money involved, someone's eyes is interested to look at the wealth of over people.
This is what influence and social media has done for the most.

Some of those who watched or love seeing the wealth being shared are people that wanted to have a inspiration (aside those greed people that loves seeing luxury and just dream of it)
because those who used as inspiration make their life grows as they believe that if you are looking for something to copy in life then better that this is overwhelming amount to push you through the target.
also this is why they are called influencer to influence people having a better life, while some of those are just want to show their luxurious life for own stupidity.

Not everyone has the same motive for holding bitcoins but my personal opinion is to share with your family because family is the closest when times are bad. If there is any danger someone in his family can easily use bitcoin. May cause harm to others no one else like the family would ever want to get in trouble for harm. Let's share with one of the family to eliminate their own problems.

our family is our defense system ,but some are greed and yeah these days Blood is not important now , but the desire to become rich and yes they will try taking your money from you.

[kotajikikox]

Just My Wife , but not the totality there is still enough percent for my safe keeping that whatever happens will remain for me .

we cannot see what life's might bring in the future , our best friend today is our worst enemy tomorrow , our wife today and maybe wife of others if not end well so yeah , security wise ? i only let her know more than half of our investment and the other part is purely mine , and yeah still planning what to do in case there is accident that cross my way as i don't want my hard earned to go for nothing but my children.

[Sexylizzy2813]

Just My Wife , but not the totality there is still enough percent for my safe keeping that whatever happens will remain for me .

we cannot see what life's might bring in the future , our best friend today is our worst enemy tomorrow , our wife today and maybe wife of others if not end well so yeah , security wise ? i only let her know more than half of our investment and the other part is purely mine , and yeah still planning what to do in case there is accident that cross my way as i don't want my hard earned to go for nothing but my children.

Wife or children they are humans as we are, money changes the mindset of every individual and it only takes a well disciplined (some though) person to avoid such temptation.
If I'm to be in your shoes from what you said, I'd rather have things in twos, move some of my funds to the other wallet which nobody knows about but me and let whosoever I would want to share my hard earned hustle with to know about the 1st but not the second, that would help should incase things goes out of hand.
You children can one day become the lion that fights against you for your wealth.

[gunhell16]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It's like this is all I can think of—your most important treasure. Of course you keep it and don't let others know about it. Do we think that if this is told to others, especially those we don't know or who are close to us, you will tell them where your treasure is? Of course, the logical answer is no.

Can anyone do that to a rich man in this day and age? Isn't there already? Now, in the topic made by Op, maybe the one who holds the bitcoin told the one who asked for the ransom, so that is the condition that was asked of him. In short, the lesson is, if you have holdings, don't talk; just keep quiet. Here on the forum platform, it's okay because we're all anonymous.

[Ahli38]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Cases like this happen quite often. And that's why people have to start considering that privacy must be properly protected. And we shouldn't trust anyone too much, even if it's our own relatives. But that doesn't mean we just have to hold it alone without anyone knowing. At least there must be someone we can trust who knows that we have an asset that we store safely. I only told my wife about this. Because he is the only person I trust about this. Because we have struggled from zero from before marriage to marriage and now we have children. That's why i trusts my wife. Because even I wouldn't have gotten to this point without the support of my wife. We have a dream together and we are in the process of making it a reality. So I have good reason to believe it. But I didn't tell my assets even to my siblings. It's not that I don't trust my brother. But I think one person is enough for me to tell about the important assets I keep. But I am very concerned about today's young generation who sometimes trust their friends too much. And in my country there was even a case of murder by a friend of his own friend. And yeah that's about crypto. I don't know the details of the story but it was broadcast by the news media. And quite viral at that time. Even though they are still young. But they share a boarding house. And the mistake was that A told B that he had a lot of crypto assets in his personal wallet. And one day this incident happened. This is truly a lesson for everyone. To not trust anyone except the family closest to us.

[Hewlet]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

i am having this experience as it stands now.  Because of the environment I stay that has so many persons staying with me, whenever I'm working on my phone a particular guy will come asking what I'm doing with my phone and i will just shun him off but then he just looked into my and immediately he saw the bitcointalk.com in my phone he understood I was into Bitcoin although he doesn't know ty amount of bitcoin I have accumulate but the unnecessary attention and conversations he is bringing up to me is becoming strange by the day.

It's easy to hide your bitcoin holding from people but once some persons know that you are into bitcoin, they seems to have a particular way they see you.

[Out of mind]

It is only natural that when a person invests in bitcoins and tells others about the money, they must try to harm him. If you share your Bitcoin holdings with a second person, he will certainly be greedy for your money. And when that relative of yours comes to know about Bitcoin, he will definitely try to get hold of your money in various ways and try to trap you. This incident is actually known by one person who informed a second person about the holdings due to which the person demanded bitcoins as ransom. That's why we should be careful not to tell anyone about these holdings when we invest in Bitcoins, rather it's our own personality. It is better to keep the investments than to share these investments with others for your own safety as you may face losses at any time.

[Samlucky O]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

It is truth an nothing but the truth. We should be careful of how we talk. Sometimes we get over excited over bitcoin up trend price, and decide to tell your friends about it, thinking they will give it a trial without knowing that people are very deadly. The more people know how much investment you have made the more risky you become. Because when people don't know about your investment they keep calm. But when they know about it they become jealous of you and becomes naive and bitterd over your success.

This is also applicable to what we do in our everyday life, not only in crypto. Same scenario happened in my state. A man who always brag of how successful he is, and how educated he is, how his children are all graduates and all successful with high grade in school. Hoodlums who literally never achieved anything in life became angry and lay an ambush for the man, and kidnapped him with several tuture and bruces all over his body. And he paid heavily for Ransom for his bail. After which he never speak much about his success anymore rather silence in action.

[Dr.Osh]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

Well, I agree with that. we don't know bad people may be around us, and we don't realize their goals. However, showing off bitcoins or even anything valuable that we own in public, would be very risky. Not only bad people, but people who are ready to hack your device will also look for information about these assets. So, I think things like that need to have privacy.

[jerry0]

This is what has me confused.  How exactly do people who get your bitcoin convert it to money that they can use though?  The thing is none of them would ever cash out directly to their bank account right since there isn't an owner of it.  So couldn't that person who sends the btc to their bank account just say they had it from back then though?  I heard you can't even use mixers anymore so how could they even get the money out without an issue?


The only way would be they sell btc to someone for cash right?  However I don't think it's even legal to do that in the US?  And if you do sell it for cash, well it won't be that big of an amount.  The other issue would be  would the buyer of the btc have issues when they try to cashout to an exchange?  I remember reading about that case of that couple who hacked the big exchange and got caught but they are doing that with a big exchange.  But if it was a regular person, I'm still somehow confused how the person who stole or hacked the coins from someone would have issue sending it to exchange to cashout unless it was never reported?  Even if it's reported, does that mean the thief or hacker can't cash out the coins?  However, these coins aren't tainted or bad coins right?  Now if you hack an exchange or something like that, I heard the coins are tainted so the thief can't cash it out.  But how is it different if it's a thief doing that to a regular person though?

[panganib999]

Let people know you can buy them, but don’t let them know how much. That’s been my motto for the past few years. Letting them in on how much you really earn and how much you have in the bank is more often than not a death sentenc, mqybe just not as extreme as this guy in particular we’re talking about right now.

It’s good that you’re at least making people aware that you’re affluent enough, and that you’re able to help or even give them what they want as long as you can put a price in it, but soon as they know how much you have,that’ when the problems arise. Most of them would latch on you like a lamprey, and some may even really go to such length thinking they’d get away with it easily. So be careful with who you disclose your networth with, not just with crypto.

[nurilham]

Wife or children they are humans as we are, money changes the mindset of every individual and it only takes a well disciplined (some though) person to avoid such temptation.

Of course, they are also human. But since they are the closest people, ideally they should be more trustable than other people. We also work for them, so it makes sense if we trust them. Also sometimes the mindset can change, but we must know well them for a long time. We must understand very well whether they can be trusted or not.

If I'm to be in your shoes from what you said, I'd rather have things in twos, move some of my funds to the other wallet which nobody knows about but me and let whosoever I would want to share my hard earned hustle with to know about the 1st but not the second, that would help should incase things goes out of hand.

Each person should have their own way to secure their asset. It is okay if you share the information for a half of your asset only. But I have another way, I share all the information about my investments to my wife and children. Instead of losing a half of my assets when I die, I'd better tell everything to people I trust.

You children can one day become the lion that fights against you for your wealth.

That's why it is important to learn the children about morality and religious values. So, they won't be the people who will harm us in the future.

[CryptoHeadlineNews]

This is what has me confused.  How exactly do people who get your bitcoin convert it to money that they can use though?

It seems you are getting it all wrong, because in such a scenario, they can't convert your Bitcoin to money directly, but what may likely happen is that the victim's BTC can be transferred to another Bitcoin wallet, possibly a decentralized non-custodian wallet such as Bluewallet or Electrum, and then later transferred into an exchange where it could be sold and funds transferred directly into the account of the recipient in fiat. So that's how it works, and can't be traced. Hence, a reason to make security your top priority
 

So couldn't that person who sends the btc to their bank account just say they had it from back then though?  I heard you can't even use mixers anymore so how could they even get the money out without an issue?

Point of correction, Bitcoin is not been sent to bank account,  but rather can be sent to any Bitcoijn wallet, and when it comes to the use of mixer, it was only on this forum that Mixers were subjected to restrictions after the outbreak of Sinbad, but that doesn't there aren't mixers still in operations both outside the forum.

[jerry0]

You got to be kidding me.  So a thief or hacker or has access to a victim's btc and just has to transfer the btc to an electrum wallet, now they send it to their exchange account and there is zero issues?



What if that victim files a report?  Who would they report to?  Would they report to whatever exchange that person is using to cashout whether it's binance or coinbase or whatever hey that person took my coins and a report will be filed or none of that because that person can't prove they owned the btc?



The only thing that the thief or hacker would have as an issue is if they were from the US and had to file taxes, they have to make up a story on how they earned the btc in the first place if they got audited?  However, when the btc goes from one address to another in previous transactions that the victim did, wouldn't they have to explain it to the IRS if they got audited though?  Like how would they explain the total amount of say 10 btc transactions that was done before this if they were told I see you bought x btc from here and then moved it to here etc.  Well if that victim bought btc from coinbase or binance... wouldn't the IRS notice this and say you aren't this person?  Surely they could check this right?  Then again btc doesn't have an owner as like money to a bank account.   



Does that make sense or is this thief or hacker going to have no issues? 



The only difference is if this was done to an exchange, then it doesn't matter if this person sends the btc to electrum and then another exchange to cash out since the authorities would be checking the movement of the coins?  However, what is the difference if it's a regular person who is a victim?  Let say this victim had 0.1 btc.  What if it's 5 btc?  What if it was someone who had 100 btc?  Surely the exchange that the thief or hacker send it to would freeze the transaction?  However, how could the victim who is the accuser even claim the btc was theirs though where they had to transfer the btc or it was stolen or hacked?

[Fara Chan]

It is only natural that when a person invests in bitcoins and tells others about the money, they must try to harm him. If you share your Bitcoin holdings with a second person, he will certainly be greedy for your money. And when that relative of yours comes to know about Bitcoin, he will definitely try to get hold of your money in various ways and try to trap you.

Telling about our Bitcoin investment holdings to other parties or other people is the same as telling about the amount of assets or money that we currently have, so this could of course invite other people's bad thoughts towards us. So this clearly doesn't need to be told to many people if we want to be safe and secure from bad things that can happen unexpectedly, because we ourselves cannot predict how someone will think after knowing our ownership after he knows it well enough through us.

This incident is actually known by one person who informed a second person about the holdings due to which the person demanded bitcoins as ransom. That's why we should be careful not to tell anyone about these holdings when we invest in Bitcoins, rather it's our own personality. It is better to keep the investments than to share these investments with others for your own safety as you may face losses at any time.

I also thought that I only needed to tell my partner about investments like Bitcoin at home, but I also thought again that he would be quite fussy and mention this to his neighbors or close relatives. Of course it would be quite bad to be told about this, so I prefer not to tell him about this even though on the one hand I also have to be open to my partner about what I have invested in all this time. However, I have also given him a little understanding not to discuss our Bitcoin investments with other people, even if those people are our close relatives.

[Sexylizzy2813]

Wife or children they are humans as we are, money changes the mindset of every individual and it only takes a well disciplined (some though) person to avoid such temptation.

Of course, they are also human. But since they are the closest people, ideally they should be more trustable than other people. We also work for them, so it makes sense if we trust them. Also sometimes the mindset can change, but we must know well them for a long time. We must understand very well whether they can be trusted or not.

They can be the closest to gain our truth but we have cases that the trust is not seen within rather is gotten from an outsider and it will be the best decision ever made, yes is family but some families ain't really your family be you the wife or children. It might feel bad but the chances we take in life is just covered with 100% risk so trusting an outsider can be a second choice in this case.

Each person should have their own way to secure their asset. It is okay if you share the information for a half of your asset only. But I have another way, I share all the information about my investments to my wife and children. Instead of losing a half of my assets when I die, I'd better tell everything to people I trust.

Come on brother, I know it will get to this death thing, fine let's put death aside. I think without death in play it would still be ok to make it look like is a win win for both parties which to me it is, meaning that the wife should know about half of it and you getting the other half, that's for security reasons because you have no idea what might get into her head and boom you're losing everything.
But when death had to come in I think letting it out would be nicer but I'd rather keep half of my assets on my will and the other as a test run to see how they behave.

That's why it is important to learn the children about morality and religious values. So, they won't be the people who will harm us in the future.

It doesn't change a thing, a pastor can decide to be the evil that destroys a happy home, people do change because things, ideas of various kind get into their head. You can't be 100% certain that if you teach your child/children the ways of the Lord that he's going to stay that way, no he won't, life is a choice and is a 50/50 chance if your child keep to what he or she have learnt or being taught.

[Ojima-ojo]

Totally agree with the op, in this world today, we no longer know who is who, alot of people comofladge themselves as our loved ones, our family or friends, but right inside their heart, we know not what their ambitions are, or what they are capable of, and like it's commonly said, that the heart of man is desperately wicked, it is better that we always be very careful around every one, most especially in terms of finance.

Anybody can crazy when they see money, and this is very possible due to alot of sufferings in the world today, so for every one of us that hold bitcoin, it is important we safeguard ourselves and keep our holding to ourselves alone, not even my wife knows that amount of bitcoin or cryptocurrencies I hold, not to talk of friends.

[Pandji02]

Totally agree with the op, in this world today, we no longer know who is who, alot of people comofladge themselves as our loved ones, our family or friends, but right inside their heart, we know not what their ambitions are, or what they are capable of, and like it's commonly said, that the heart of man is desperately wicked, it is better that we always be very careful around every one, most especially in terms of finance.

Anybody can crazy when they see money, and this is very possible due to alot of sufferings in the world today, so for every one of us that hold bitcoin, it is important we safeguard ourselves and keep our holding to ourselves alone, not even my wife knows that amount of bitcoin or cryptocurrencies I hold, not to talk of friends.

I think a lot of people underestimate how is it important to be secured online or offline. And they often tend to brag about what they have. Maybe I'm kinda paranoid, but I don't share that stuff with anyone, and I'm using only fake name on social media to at least feel safer.

[Crypt0Gore]

I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.

At one point you could feel like sharing your Bitcoin investment plan is part of the reason to keep going, like some kind of encouragement for you, this was how I used to feel too until I don't need to anymore, but now it's very hard to pretend like I don't have anything.

Some time ago I had to lie that I was broke because too many family members start asking me for help and I can't afford it, I was like why me until I found out that someone in the family spread the rumour, I thought he was someone quite and who doesn't talk much but I was wrong.

Now I had to leave my old city for another one, just to stay away from any possible threat, so OP you are on point with your warning, many around you don't want the best for you, they are just pretend to care, and when you manage to take the upper hand they can still hurt you, no harm comes to you if it was not plan from the inside. Stay safe everyone.