Do not share your bitcoin holdings with everyone

[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.

[1714576946]

1714576946

[1714576946]

1714576946

[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.