STOP telling people how much Bitcoin you have

[uneng]

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!

These can be constructive informations if you are looking for a place to rent or to compare the yearly income of a professional who shares the same career you belong. I have to know how much people are paying for a rent in a determined area if I'm moving myself to live there, otherwise I might be going to rent a place which charges an abusive price from me. Moreover, I have to know how much professionals from my working field are being paid to conclude if the payrates being offered to me are inside that payrate margin. And if I can help someone else with these informations about myself, I'm glad I can help enlighting them on these matters, since I have also been on their shoes in past situations, so I know how it feels to be confused about it, while having no one to ask about.

If there is a constructive purpose behing the doubts and questions, there is nothing wrong with that. I think what should be avoided are curious, gossipy and whisperous people who just want to know details about your life for no reason at all, and especially to kill some time and have something to talk to other people about, since they don't live their own lives as they were supposed to do. Then of course you shouldn't give any personal details to them, because there isn't any productive purpose from their side.

[Nothingtodo]

Every subject has some privacy which should not be open to everyone and if there is a possibility of danger if privacy is open to everyone then it becomes mandatory to protect that privacy. Bitcoin is one of those privacy because it is becoming so popular and expensive day by day that anyone can steal or rob these bitcoins.Privacy should not be open to anyone. Sometimes heinous crimes like hijacking, kidnapping and murder are heard to be organized for Bitcoin. Kidnapping ransoms are often demanded in Bitcoins and in some cases the investor has even been killed for these Bitcoins. However, all Bitcoin investors must protect their Bitcoin privacy if they do not.There may be major unforeseen events in the future.

[Mame89]

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.

Yes that's right. Of course, as times progress, many people want to invest in Bitcoin. However, even if you want to teach friends or other people to invest in bitcoin, it would be better if we just teach it without having to show the number of bitcoins we have.

Because Bitcoin is basically anonymous, it's best to keep Bitcoin as our secret to avoid something we don't want in the future. Sometimes to convince or make people interested in investing in bitcoin we don't have to show the number of bitcoins we have, we just need to look at the history of bitcoin from past to present and the benefits of investing in bitcoin for the future.

[ChiBitCTy]

I appreciate all the replies.  I didn't expect for this thread to get so much attention but I'm glad it has since this is a very serious topic in my humble opinion, and I just see too many members coming and divulging such private information so frequently.  Hopefully this thread is a good lesson for some. 

I've also seen a couple people mention Andreas...again, if you aren't familiar with the work Andreas has done for bitcoin I HIGHLY recommend checking it out. 

People frequently ask "How many bitcoin do you have?" once they find out you're into bitcoin simply because they can't really grasp the "moneyness" factor of it; instead, they think it's some collectible like some rare Pokemon cards hence why they probably think it's fine to ask.

My favorite go-to line when asked about my bitcoin, goes like this:

them: "how many bitcoin do you have?"
me: "how much money do you have in your bank account?"

and then and there it'll click in their heads. I've heard this answer on a podcast/interview in the past, I think it was Erik Voorhees? Not sure.

Lol that's a pretty good response, I plan on using this going forward.

It is funny how often people ask how much Bitcoin you have.  You can tell that they don't believe it's real money.  That question is usually followed up by how you can actually buy anything with it.  Talking to most folks, you'd think that sending BTC to an exchange to have cash sent to your bank account is some sort of wizardry that is beyond the grasp of the common man.  Having these types of discussions with people really does cement it into your brain how insanely early we still are to this crypto thing.  How many bitcoins do you own? 

Lol, I know, it's just funny how people think and how uneducated so many are.  It's a reminder that people simply don't take the time to learn things, no matter how "goofy" or "wizardly" like things may seem to them.

[Wiwo]

Really asking people or entertaining people asking how many Bitcoin I hold is some strange thing to me and I will never entertain such questions,  because at some point I see it as pop-nosing into other people's business.

Same as asking people what their religion is,  I think it is a personal thing and none of my business and I have high respect for privacy so for that,  I rather keep it a secret and not allow any other person to have access to such vital information.

[The Cryptovator]

I usually don't ask people how much their salary is or how much they earn. I don't feel comfortable asking anyone because, for myself, I don't want to share my financial portfolio. So for crypto, I don't ask how much you hold or how much you have been earning. Just ask if they are introduced to crypto and how they may grow their portfolio. Two days ago, I met with new crypto users. I just advised them how they might increase their portfolio. I also prefer something to hold, which includes Bitcoin. I never shared my holdings, nor did I ask them about their portfolio. 

[milewilda]

I usually don't ask people how much their salary is or how much they earn. I don't feel comfortable asking anyone because, for myself, I don't want to share my financial portfolio. So for crypto, I don't ask how much you hold or how much you have been earning. Just ask if they are introduced to crypto and how they may grow their portfolio. Two days ago, I met with new crypto users. I just advised them how they might increase their portfolio. I also prefer something to hold, which includes Bitcoin. I never shared my holdings, nor did I ask them about their portfolio. 

This is actually a personal thing and for those people who are really that thinking about those things would really be definitely be trying out to avoid on asking some about those information
since they do know that it is something that someone wont really be telling you about those information. Surprisingly there are really people who do really love on boasting up their possessions
and im really that thinking on how the heck they do really make such action which we know that it could potentially make those people put up themselves on danger, but somewhat here on crypto space
which it is really that hard to know considering about being anonymous this is why some people are really that confident.

Better to make yourself that lowkey and never ever be boastful on how much money or coins you do have which it isnt really that limited to Bitcoin but also
with other top altcoins that we do have. Its better to be silent rather than on trying out to impress everybody.

[Natalim]

People have realized already the risk of telling people about their personal lives, especially when mentioning wealth and investments as this will compromise their safety. It is to see that more people become particular in their privacy rather than being bold to everyone around them. This mindset keeps them secure and gains no interest from others which makes them go outside and enjoy life without worrying for someone after them.

Telling others may help them think about doing the same but it was not necessary to mention amounts. It is just giving them some curiosity that brings them interest and they will do their own research.

[serveria.com]

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 think that's pretty obvious you shouldn't disclose the amount of your coins to anyone except perhaps your closest ones. Some people I know even refuse to tell their family the exact amount of their holdings. You are not bragging about your bank account balance in public, do you? Then why would you share info on the amount of your coins? Basic opsec.

[Maslate]

What’s the purpose of telling other people that you have bitcoin? Some would say not to brag but to inspire, but the fact that other people won’t ask or care for it, then you should keep it all by yourself than to disclose it to other people. Otherwise, you are only putting your own investments at risk since people would jump to conclusion that you have wealth in you that would make them feel envy on it. And you’ll only find out that someone has already thinking on how to steal your bitcoin or worst make your bitcoin as a ransom.

[famososMuertos]

Snobbery...

We currently experience access to personal information in a brutal way, it is not only the fact of the information about your finances, but also showing what you have, your house, your trips and, worst of all, exposing your family publicly.

I don't know how to change the thinking of others, even people confuse anonymity with privacy and consequently have no idea about digital security.

I think that recommending reading that good book, and/or knowing that popularizer (Andreas Antonopoulos) It's the only thing we can do, at least you can begin to understand many other concepts.

[Zoomic]

One important course everyone aspiring to invest in Bitcoin and other cryptocurrencies should take seriously is security education, this way they will be able to learn and understand that most of these insignificant information they give out and the things they do can cause them lots of damages. This will also save them the stress of learning from their own worst experiences. Today, same people who are very reluctant to disclose their bank balances to a third party take pride in announcing on social media platforms that they own certain portions of Bitcoins. Obviously they are yet to have the consciousness that Bitcoin is also a digital currency and their accounts can be exposed to attacks if scammers who truly know their worth see such posts.
No matter the motive for exposing your financial details to a third party, you have to be security conscious because the numbers of scammers are increasing everyday and they are ready to strike whenever they see a juicy opportunity.

[goldkingcoiner]

Asking how much Bitcoin someone has is just as rude as asking how much fiat they have in the bank. Or how much money they earn from their job. It is really rude. Furthermore it is very risky to actually tell someone the amount of money you have. What if they are asking because they want to know if its worth robbing you by force. 'Oh you got xxx amount of Bitcoin? Hand it over. Life or xxx amount of Bitcoin. So giving the answer is really dumb. Especially if you have a large amount of Bitcoin ( relative to whatever it is that is considered large where you live)

[WatChe]

Yes that's right. Of course, as times progress, many people want to invest in Bitcoin. However, even if you want to teach friends or other people to invest in bitcoin, it would be better if we just teach it without having to show the number of bitcoins we have.

Because Bitcoin is basically anonymous, it's best to keep Bitcoin as our secret to avoid something we don't want in the future. Sometimes to convince or make people interested in investing in bitcoin we don't have to show the number of bitcoins we have, we just need to look at the history of bitcoin from past to present and the benefits of investing in bitcoin for the future.

Numbers are not important, what matters is how much knowledge you have about bitcoin and whether you are able to pass it to the person you trying to convince. Also convincing someone on grounds that I have this much bitcoin so you must also invest in bitcoin is not a good move since what works for you may or may not work for other. If you are trying to convince a person then tell him both pros ans cons of bitcoin, so he enter with sufficient knowledge and can do trading on his own.

[BD Technical]

Yes, it's definitely true because of the current rate at which enemies are being created if you start telling your current balance or how much Bitcoin you have.  Then he will become jealous and enmity against you.
Because at present no one can see the good in anyone because everyone knows that no one else can see that someone will move forward with someone.
At present the situation has become that bitcoin is considered illegal in our country if we accept that we have science in case bitcoin is not legal in our country.  So I think it's better if we don't share how much of our balance we have or how much bitcoin we have in case we get caught by law.
Because by sharing you increase your personality, it is better to be small than to see yourself big because if you are big people will see you and try to harm you.  So without anyone sharing your acid or your current balance you act like you and lose your future or your balance.

[0t3p0t]

Yeah telling people how much Bitcoin and other assets we have is a suicide. I mean you are just putting yourself and your family at risk. Giving people and idea how much wealth we have you are just giving them a hint and you make yourself and your family a target.

[Poker Player]

I agree, in general you have to be cautious when sharing financial matters, and regarding Bitcoin and cryptocurrencies even more so. But I wouldn't take it to the extreme either. People who know the neighborhood you live in can get an idea of your annual salary, that's why I think in a given conversation it's ok to share, unlike what the OP thinks. As for Bitcoin it's another thing because you can risk a $5 wrench attack.

Yeah telling people how much Bitcoin and other assets we have is a suicide. I mean you are just putting yourself and your family at risk. Giving people and idea how much wealth we have you are just giving them a hint and you make yourself and your family a target.

But there are things you can't hide. If you live in a house worth $0.5M (which is the average price of houses in that area) and you have a vacation home worth another $0.5M (which at least your friends and acquaintances will know, there is little you can hide. Knowing that, and if they know what you do for a living, people can get an idea of your salary.

[Despairo]

Although it's correct, some people don't care about that because they use it to build their personal branding and make more money with that. So it's really depend on someone personality and goal.

Because Bitcoin is basically anonymous, it's best to keep Bitcoin as our secret to avoid something we don't want in the future. Sometimes to convince or make people interested in investing in bitcoin we don't have to show the number of bitcoins we have, we just need to look at the history of bitcoin from past to present and the benefits of investing in bitcoin for the future.

Most people think someone who have Bitcoin is rich, if you know about Bitcoin, able to explain it to other people, believe me, everyone will see you like a millionaire. You only have two choices: stay silent or people will envy with you.

At present the situation has become that bitcoin is considered illegal in our country if we accept that we have science in case bitcoin is not legal in our country.  So I think it's better if we don't share how much of our balance we have or how much bitcoin we have in case we get caught by law.

You don't have to share how much you have, if you said you have Bitcoin, it's over.

[Sebas.tian]

 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!

Some of the social media trends are not real, because all those guys use all those fake achievement from their Bitcoin investment to deceive other newbies that is following them on social media, because they knew that people must ask them to show them way so that they will begin to achieve incomes like them. Telling someone you know about your rent is not a bad thing OP, but telling a stranger your house rent and how much you earned in your Bitcoin investment is very wrong and it can lead to many things that will attract hackers or killers. I don't think, I will respond to such strangers on the social media asking such question, because everybody on social media is a suspect to me, based on experience I had in the past from people.

[Oasisman]

Ha! I see them a lot in TikTok and Facebook reels. These kids don't know what they are doing, just for the sake of attempting to make the video viral.

You support them by watching their videos.

Well, technically yes, but that was never the intention. I think there's a fine line between supporting their videos and not. First, I'm not their subscriber and I did not finish the whole video as I just only stumbled upon these kind of content while scrolling the platform.
I'm not so familiar with how your content or your video in any social media platform would monetize, but I think they won't get enough or non at all if you just skip it right after a few seconds you realized it's a sh*t content.