STOP telling people how much Bitcoin you have

[Litzki1990]

Of all the secrets I have, it's probably the secret of how many bitcoins I have. Sharing the amount of bitcoins I have with others is not likely to benefit me but if I share it with others they may try to harm me so why would I share this secret of mine with others. You should not share your bank account and how much Bitcoin you have with anyone. Rather, you should present yourself to the people you walk with in such a way that they find you very simple. Whenever other people know details about you then they will start envying you and in envy they will try to harm you. It will be seen that while trying to harm, those people are doing great harm to you, but nothing bad will remain. So you should be aware of these things in advance.

[Rockstarguy]

Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

What you don't allow people to know about you  they eull never know,  sometimes we put ourselves in trouble by giving important information to strangers that can later harm us. Telling people the amount of bitcoin you have or letting them know your worth is very dangerous. I think this is something that needs to be private,  telling people about the amount of money you have can not make you to have more money.  Most people show up what they have just tell let people know they have money and to impress people.

For safety purpose their is no need letting strangers to know the amount of money you have on you. Investment in bitcoin is suppose to be very private, I don't see reason why people like boasting to show the amount of Bitcoin they have, they just feel it is necessary for people to know the amount of Bitcoin or money they possess.

[nimogsm]

Of all the secrets I have, it's probably the secret of how many bitcoins I have. Sharing the amount of bitcoins I have with others is not likely to benefit me but if I share it with others they may try to harm me so why would I share this secret of mine with others. You should not share your bank account and how much Bitcoin you have with anyone. Rather, you should present yourself to the people you walk with in such a way that they find you very simple. Whenever other people know details about you then they will start envying you and in envy they will try to harm you. It will be seen that while trying to harm, those people are doing great harm to you, but nothing bad will remain. So you should be aware of these things in advance.

"Gentlemen don't talk about money"
In my circle of friends, it is not customary to talk about money and savings.The conversation can be abstract without mentioning exact amounts. Since discussing exact numbers can cause envy or anger and we don’t need this, this is a rule.According to my observations, those who don’t have it most often talk about money, and in this way they want to add more respect and importance to themselves. It’s also about crypto, my friends know that I have it, but how much and what they don’t know either not interesting.

[spiker777]

Good advice, considering the fact that nowadays criminals are willing to harm people in real life specially for their bitcoin, it became more crucial now that everyone should keep their Bitcoin holdings to themselves, there is no point in Telling public about how much BTC you own.
I assume people would simply do that to show off and to impress others about how rich they are, but they don't know how many doors of risks they are opening to themselves.

I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

I've seen a lot of them too and I am pretty sure those social media videos are stagged, and anyone who answer them are not telling the actual figures, these rich people can't be that stupid, lol

[m2017]

~snip

For beginners, advice about not disclosing any financial information is mandatory. Many people don't know this, and the first thing you should do is inform them about it. More experienced people no longer make mistakes and don't need this advice. And also, I would like to add that, according to my observations, questions regarding finance are asked by tactless and not intellectually affected people.

Public statements about the amount of bitcoin owned, like any money, are always associated with the risks of theft and robbery. Only fearless foolish people will reveal this information.

[reagansimms]

It's true, it's not our job to teach everyone we know about Bitcoin, but I don't want to be considered stingy in the field of knowledge when someone I know asks me to help him learn about Bitcoin. People's desire to learn about Bitcoin is increasing all the time, around where I live more and more people already understand everything related to Bitcoin, including safe storage of assets.

I can only maintain privacy so that other people do not know how many assets I have collected in the form of Bitcoin, this method can help prevent unexpected things from happening. Always avoid answering trick questions such as how long have you started investing or how many Bitcoins have been collected since starting investing in Bitcoin, because these types of questions can endanger your safety and the assets you have collected so far.

[pawanjain]

I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have.  Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

I see so many people that come around here sharing how much bitcoin they own...don't.  Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own.  Being transparent about these things can be harmful to you in a multitude of ways.  As an advisor this is something I tell my clients all the time.  Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

I see where is that coming from. Even I have seen those reels where people walk to strangers in luxury cars or big houses and ask them what they do for a living.
Some people even answered crypto. Speaking about your finances in public can be really dangerous.
It is a basic rule which everyone should be aware of. If people are still speaking about it publicly despite knowing this fact then let them be prey to fraudsters.

[Rruchi man]

I see so many people that come around here sharing how much bitcoin they own...don't. 

You put yourself at risk when you talk about your bitcoins, what you have, just like when you talk about your other success. Unless you are discussing bitcoins with people who you know own bitcoins, same amount as you or even more.

Jealousy can easily be germinated in someone you speak to about bitcoins, try not to water that evil seed by further sharing how much you own in btc to people who you may think pose no threat to you.

Keep things private, something not known by people cannot be stolen or destroyed.

[coinerer]

Not just bitcoin, don't tell anyone how much whatever you have. FIAT, Real estate, pokemon cards... Don't show off, don't make yourself a target. Be smart. You worked hard to make that money but the real challenge is to maintain that money. Your real work is only starting. If you act stupid now it won't take long before you go back to where you started, to nothing. Compared to staying rich, becoming rich is way easier. Remember, people are assholes, people are jealous bitchez. You have something which hey don't and they will do everything to see you fail.

Yes, exposing one's financial status to everyone can't be done by a sane person. When someone discloses how much FIAT money they have or strong assets like Bitcoin they can be harmed in various ways. For this one should always keep one's financial status under wraps. And you should only show off when you know you have enough security to handle all situations. And if you don't have that ability then I'd say you're definitely doing something wrong if you reveal your financial status to everyone if someone ask you

[Alana Arden]

It is true that many people face such questions from time to time. But does anyone make their bank account status public? No, it never does. Rather, it avoids the issue by concealing the entire information. It is very important to apply the same process to Bitcoin. Because nowadays people don't even trust their own shadow, let alone friends and relatives. It is also impossible to understand what is going on in someone's mind. So no matter how many close people (other than family) you have, sharing this information with them means putting yourself in great danger later on, which is tantamount to axing your own foot.

Cryptocurrency is all about privacy. That's why we can openly discuss with them the importance of Bitcoin, investment advice and proper understanding of wallets, but never share personal information. We need to be more aware to keep Bitcoin safe and secure.

[Taricoins]

Like the advice, but it will be difficult for people who don't know how to keep their secret

[ancafe]

I see so many people that come around here sharing how much bitcoin they own...don't.  Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own.  Being transparent about these things can be harmful to you in a multitude of ways.  As an advisor this is something I tell my clients all the time.  Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

It is better to be anonymous than open to the public because we don't have to worry about the many problems that will arise in the future. Someone who owns a large amount of bitcoin assets will definitely want to keep it secret and I'm pretty sure they would never talk about it in public. The problem is that people talk about bitcoin assets for certain reasons and usually these reasons are based on stupidity and want to show other people that they have bitcoin. Actually, there is no benefit whatsoever when people talk about having bitcoin in public places, it actually causes problems.

I prefer to be private about finances and never intend to be open with anyone about this issue, especially if it relates to the public. It's strange if people want to tell other people how much money or possessions they have because it's actually better if it's private. Social media trends are only for content and they seek out other people's information only for the benefit of the content they produce.

[serjent05]

I support @OP's advice.  This is for our security and safety.  We never know the intention of people asking us about our financial status and even if the person who asked doesn't have bad intentions, the people who are listening around might develop ill intentions if they hear that we have such an amount of money.

There are lots of instances where people are attacked, robbed, or even kidnapped after knowing that they are holding a good amount of money.  So better be careful and keep our financial status in private.  Never post it (your financial status) on social media especially on our social media walls because it will spread out easily and might invite unwanted people to target us.  It is better to be safe than sorry.  Besides I don't see any benefit if one posts his earnings but bragging right.

[Raflesia]

The sense of wanting to be recognized (self-validation) and wanting to be considered that we are someone who is indeed in bitcoin makes most people sometimes become a little more big-headed because this is the natural attitude of humans when they have something then surely they will try to do a thing that is considered to be showing off in the end.
But they don't realize that by mentioning the portfolio they have, apart from that it is a little embarrassing if there are those who have higher assets than them, this will also make us the target of people who want to act badly.
Privacy is an important thing but we seem to ignore it even though this is something that we must realize so as not to invite irresponsible people.

[Nrcewker]

Yes, it is always ideal to not share with anyone about your investments. Don’t let others know that how much money you are investing or putting in resources. Many are jealous to be honest and hence it might be very harmful for the investment. Moreover if you stay in a country where Bitcoins are illegal, then if someone complains about you, then you will face trouble only. Hence, it’s ideal to keep your investments private.

[SOKO-DEKE]

I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have.  Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

The more you reveal about yourself, especially concerning your financial status, the greater the risk of attracting adversaries. When people become aware of your wealth, it may entice them to plot future attacks, particularly if they are close acquaintances aiming to exploit your possessions. It is prudent to refrain from disclosing sensitive information, such as the quantity of Bitcoin in your possession, as Bitcoin transactions are inherently private. Instead, it is advisable to deflect inquiries or remain silent when confronted with such probing questions.

Engaging in discussions about your financial holdings with others, especially those who inquire insensitively, may only serve to expose you to unnecessary risks and potential exploitation. Therefore, it is wise to exercise discretion and maintain a level of secrecy regarding personal financial matters, safeguarding oneself against potential threats and preserving one's privacy and security.

I see so many people that come around here sharing how much bitcoin they own...don't.

Yes, I have witnessed many threads like that there in this forum,but I think the threads were just about sharing their happiness as their opportune to purchase their first bitcoin, but all those threads were created for merit-based Merit purpose.But now that they see that those types of threads are not attracting merit again, I think they have stopped creating those types of threads because it has been a long time since I came across them.

[eightdots]

Yes, it is always ideal to not share with anyone about your investments. Don’t let others know that how much money you are investing or putting in resources. Many are jealous to be honest and hence it might be very harmful for the investment. Moreover if you stay in a country where Bitcoins are illegal, then if someone complains about you, then you will face trouble only. Hence, it’s ideal to keep your investments private.

There are many jealous people around us. Nobody needs to know how much we are investing. Maybe they will criticize us, maybe they have other plans, we don't know. Maybe we don't know the people around us well enough. We should always be careful. Sometimes it's good to talk to people who we know are good people around us and get their opinion.

These different situations I'm talking about have to do with how we approach the people around us. If we have trust issues and we are likely to regret it if we say something about our investments, we should not tell them about our investments. If we trust the people around us and we want to talk to them about our investments, that's fine. It's about our approach. We need to remember that sometimes not everyone needs to know everything to avoid bad experiences.

[jakelyson]

I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have.  Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

I see so many people that come around here sharing how much bitcoin they own...don't.  Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own.  Being transparent about these things can be harmful to you in a multitude of ways.  As an advisor this is something I tell my clients all the time.  Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

I have to thank you for introducing Andreas Antonopoulos, and because of that message sure it is correct Andreas Antonopoulos has so much awakening in his life in what he would do with the technology in front of him, for sure he has surely seen the potential of Bitcoin and right now he just wants to share it to everyone that would like it, for sure getting somebody curious on what you do for a living will surely make them more curious than ever, than to let them have a count of the amount you are getting, which is not a good sight for sure.

For sure many in the Forum may have told somebody they hold Bitcoin and the exact amount for sure Andreas Antonopoulos is a big help not only for the newbies on Bitcoin but for the Veteran aswell.

[JollyGood]

There is a dilemma we all have to face when we decide to converse with people about Bitcoin. It does not matter if they are either close family and friends or whether they are neighbours or colleagues, there will always be questions about "when did you first buy", "when did you first hear about it" and "how much do you have".

Though there is no obligation to present Bitcoin to a new audience or even engage with people when they themselves raise the subject, I feel it is better to somehow engage with those asking questions and learning about crypto. How you avoid answering the questions that can indicate how much wealth you have accumulated is the difficult part.

absolutely agree with OP!
I would also add that it is useless to talk about bitcoin in public/even with friends or relative. Of course for security reasons! 
you never know what our interlocutor might think. “he has bitcoin = he is rich”.
Imagine if you met someone who told you about it when it was worth a few dollars. nowadays you will be sure that he has practically become a millionaire...

[Tipeform$]

I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have.  Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

I see so many people that come around here sharing how much bitcoin they own...don't.  Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own.  Being transparent about these things can be harmful to you in a multitude of ways.  As an advisor this is something I tell my clients all the time.  Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

Yes of course some things should be ignored that discussing things with people will hurt me especially how much Bitcoin I have accumulated is not very wise to tell people. It's always better to keep yourself safe Those who talk about their wealth to people without keeping themselves safe face many problems in their lives. I don't tell anyone how much I deposit in Bitcoin and especially I don't share the Bitcoin I work with because Bitcoin is still illegal in my country and I don't discuss it with anyone.