STOP telling people how much Bitcoin you have

[ChiBitCTy]

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!

[Easteregg69]

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!

"Don't tell how much bitcoin you have. That will be my job.". The extract. Cheers.

[mk4]

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.

[OgNasty]

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? 

[BABY SHOES]

It's annoying when I'm teaching them about the basics of bitcoin but at the end he asks:
How many bitcoins do you have?
And is it profitable now?
Wow, it's great that you now have a lot of bitcoins.
They then spread to other friends that I have bitcoin.

They don't know which privacy to keep secret. He only wants to know other people's income but never learns how to earn money in a different way or in bitcoin, even he is more happy to hear other people's stories than his motivation.

So I will not tell anyone how many bitcoins I have now, enough for myself, I don't want to be a risk that at the end they threaten me.

[milewilda]

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!

Sharing up something specially when it comes to your finances or financial capability is never been that a good idea. Its true that this is something that should really be in private and something
that shouldnt be known by someone. Here on this forum then you could really be able to see those people who are really that even sharing up their portfolio balances as if they are really that confident on doing so.
Honestly, its really that still not that easy for you to victimized someone even if you do know those details, this is something that those things having in mind into those people who are really that too boastful with their holdings since they do know that people cant do something shit on them.

On online space then i might not be worrying about but in physical world then this is something that you should really be mindful because we know that
not everyone that near you would really be having that kind of positive views towards you but rather they would really be targeting you instead.
When it comes to money then everyone could changed up instantly.

[mindrust]

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.

[MegameSama]

I even pretended not to hear when the question was asked. I mean, why ask like that, what good would it do for him to know how many bitcoins I have. because this had happened in my real life, he asked me to teach him about bitcoin, starting from what bitcoin is, how to trade and everything. In the middle of class he asked that, I was really annoyed to hear that, but because he was my friend, I had to show it. but if I had the same case now, I would ignore it before the question was finished. Apart from security reasons, it is also very annoying.

[SatoPrincess]

Do people really walk up to strangers and ask such questions? I believe those videos are mostly staged because no one who cares about their safety and privacy would entertain such interviews. I saw one where the guy asked to see where this person lives and how much his rent was. I find it hard to believe that could be real.

Before anyone will ask you about your Bitcoin hodlings, that means that they are aware that you're involved in Bitcoin. I think this question comes up when you're trying to convince a newbie to invest in Bitcoin or you're teaching bitcoin to someone. It's a newbie question, anyone who understands the value of Bitcoin and knows it's digital money will not ask such questions.

[HideYourKeys]

I fully agree with this piece of advice, even your friends can betray you

[LesterD]

I find it strange that some people share the amount of Bitcoin they own with friends or relatives, hoping to encourage them to invest or teach them about Bitcoin. Their reason is often that they don't feel confident teaching about it without a demonstration. However, this is not an appropriate way to handle confidential assets. Revealing the amount of Bitcoin you own to other people is not advisable.

[Issa56]

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.

It doesn't make sense to make people know the amount of bitcoin you are holding for security reasons. If I am teaching someone about bitcoin, no matter how close the person is, I will never use my main wallet to teach the person about bitcoin, I have a wallet with i have no bitcoin in it, that's what I do use to explain about bitcoin to people I know. Don't think that because you are close to someone, you can tell them about your holdings, it's not safe to do that, the amount you hold should be known to only you.

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

I have seen a lot of posts like that on the forum here, most of them will make a screenshot of when they are purchasing bitcoin, and they will decide to post it here, which doesn't make sense to me. I am not against posting that you purchased bitcoin and you are planning to encourage other people, but when doing that, always make sure you blur the part that is showing the amount of bitcoin that you purchased, at least nobody will know the amount of bitcoin that you are holding.

[BlackHatCoiner]

I'd take it to the next level and suggest to stop talking about Bitcoin with your friends in general. It draws unnecessary attention. Malicious people don't need to know the exact amount of bitcoin you have, as long as you're into it (well, unless you have quite a lot!). If you know that they know you own bitcoin, you should regard yourself a target, just as with owning any other financial asset, like gold, jewellery, stocks.

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

That doesn't work if they don't have a decent amount of money in their bank, I can assure you!  

[coolcoinz]

This is tricky because people will often ask you about bitcoin and if you own some and I like to talk about it because bitcoin is a part of my life, my hobby, so I want to talk to people and share what I know.
In a discussion it often comes to them asking so you've been around for a long time, how much do you still have, or how much did you have in year X and I want to tell them because it's a part of this narration that we all used to have a lot but we didn't value it as much as we should have.

Anyway, I understand what the problem is with telling people how much you own, but at the same time when you don't say anything it's going to cut the conversation short because most people will feel like you have too much and are afraid to talk about it because you're a millionaire. I had people ask me if they should buy, if I'd help them buy, how much to invest and it always ended bitter because I didn't want to get involved.

[jossiel]

It's always a trend to know how much someone owns as that's how curiosity is. But it's true that we don't have to be vulgar with this kind of matter because it's more of a personal info that we shouldn't disclose to anyone.

You're putting yourself as well into danger of being wrench attacked by someone through this disclosure of how much you earn. And much worse about threatening your life and being kidnapped.

People might think that it is too much and exaggerated, no. It's not exaggerated and if it's too much, it truly is because it's about your safety.

[Humblevirus]

I frequently question why someone would try to find out how much money I have in my bank account or how much Bitcoin I own. To be honest, I don't care to impress others with how wealthy I am. Those that easily respond to these kinds of inquiries seem to be looking for public approval or recognition, in my opinion. They overlook the possible harm that could result from sharing such informations.Speaking honestly about our value can make us the target of jealousies and unwelcome attention. Many people ignore this ongoing risk to our security and possessions in their pursuit of approval from others. It's crucial to bear in mind that maintaining our privacy and maintaining the secrecy of our financial affairs can prevent needless problems and ultimately safeguard our wellbeing.

[GeorgeJohn]

This has been my advice to my people in my geographical environment concerning cryptocurrency investment and cryptocurrency holders you are not permitted to expose the amount of Bitcoin you have in your storage because when everyone know the amount of Bitcoin you have it may lead them to track your wallet or to trace your system in order to penetrate to your wallet or your user, so it is good for you to keep whatever thing you have through a cryptocurrency in secret so that you want to be hacked at any point in time all assassinate for them to inherit whatever thing you have self in your crypto wallet

[Fiatless]

The increase in the price of Bitcoin is bringing much attention to the sector. Telling someone that you own the currency will bring unnecessary attention. And the issue is that most people are not aware that you can buy Bitcoin with any amount so they might think that you own one bitcoin and above. Apart from some close family members nobody knows that I own Bitcoin.

The only person who asked me the amount of Bitcoin I own is the person who introduced me to the sector. Besides him, I don't think anybody has asked me such questions because they know nothing about my Bitcoin adventure. I have read some sad stories in which people were attacked and even robbed because they disclosed that they owned Bitcoin. I prefer to keep my holding secret so that I will not get unnecessary attention.

[GigaBit]

People have curiosity about Bitcoin which is very common. But why a person would really want to know about your finances is certainly questionable. Newbie often ask such questions, a person can also ask questions to get to know others can ask such questions to know whether you have bitcoins or not and to get an idea about your financial situation. But as a bitcoiner, almost all of us know how important it is to avoid these questions. Moreover, one of the purposes Bitcoin is designed for is anonymity. In my opinion any question asking about personal finance and not just Bitcoin is best ignored. Almost everyone knows of instances where he has been victimized after informing others about his financial situation. Both knowing and asking about the financial affairs of others should be avoided.

[Zaguru12]

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 would say keeping secret of everything either it is your seed/private and your bitcoin holdings should be looked at as part of the principles of bitcoin. I don’t get why someone who actually uses bitcoin for anonymity sake will be flaunting their holdings in the name of social media trends.

The increase in the price of Bitcoin is bringing much attention to the sector. Telling someone that you own the currency will bring unnecessary attention. And the issue is that most people are not aware that you can buy Bitcoin with any amount so they might think that you own one bitcoin and above. Apart from some close family members nobody knows that I own Bitcoin.

To be honest even your crypto mentor or tutor isn’t allow to know the amount of bitcoin you hold, because you never can tell, he might not keep the secret and probably share with others that can not be trusted. So even if a your tutor ask don't tall them about your holdings, they are not in a position to also know that