DO NOT BRAG ABOUT YOUR BITCOIN

[strictly0nGod]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

[Darker45]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

[SickDayIn]

If you are held at gun or knife point for your bitcoin, it is because someone has found out you have bitcoin, another very important reason why you must never discuss it.

[OcTradism]

They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target.

Prevention is better than any cure, isn't it?

If you are fearful of physical attacks, don't reveal anyone that you are a Bitcoin investor.

Known physical Bitcoin attacks

This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin.

Multisig wallet will cost you more transaction fee. Don't use multisig wallet only because you think it is safer and you only have to use multisig wallet because you want to be known by others, that you are a Bitcoin investor. Keep your investment in secret is better.

Concurrently, your Bitcoin can be backed up.

What you back up is your Bitcoin private key, or your Bitcoin wallet mnemonic seed.

How to back up a seed phrase

[DabsPoorVersion]

Despite having this kind of reminders repeatedly over the years there are still a lot of people, especially those who are new to crypto that were recently being able to gain profit by investing in Bitcoin. Bragging it to other people is of their ways to show off and make other people see them as a successful person that should be followed.

This is one of my observations which can sometimes they use to take advantage of other people to gain more money, increase their followers, increase their referrals, and sometimes they even take a step forward of initiating a paid seminar just because they made a profit with their investment during the rally.

By doing this, they are forgetting the most important thing, to keep the information of their investment as their privacy. They don't imagine the risk involved of doing this because they are more focused on bragging and letting other people know that they are making money through Bitcoin.

[BALIK]

Despite having this kind of reminders repeatedly over the years there are still a lot of people, especially those who are new to crypto that were recently being able to gain profit by investing in Bitcoin. Bragging it to other people is of their ways to show off and make other people see them as a successful person that should be followed.

This is one of my observations which can sometimes they use to take advantage of other people to gain more money, increase their followers, increase their referrals, and sometimes they even take a step forward of initiating a paid seminar just because they made a profit with their investment during the rally.

By doing this, they are forgetting the most important thing, to keep the information of their investment as their privacy. They don't imagine the risk involved of doing this because they are more focused on bragging and letting other people know that they are making money through Bitcoin.

Even though I don't like this, I won't deny that people who brag about their bitcoin investments on social media are making a lot of money and they have been living peacefully for many years. This depends on each country's security, not everyone will be in danger if we brag about our investments with the aim of making more money. There are many famous investors in my country who always brag and make extra money by bragging on social networks to call people to join their group. But the interesting thing is that they still exist from 2017 until now and I guess they have made tens of millions of dollars or even more through their investments and they have attracted many people into thier group. 

[bobbybkk]

Despite having this kind of reminders repeatedly over the years there are still a lot of people, especially those who are new to crypto that were recently being able to gain profit by investing in Bitcoin. Bragging it to other people is of their ways to show off and make other people see them as a successful person that should be followed.

This is one of my observations which can sometimes they use to take advantage of other people to gain more money, increase their followers, increase their referrals, and sometimes they even take a step forward of initiating a paid seminar just because they made a profit with their investment during the rally.

By doing this, they are forgetting the most important thing, to keep the information of their investment as their privacy. They don't imagine the risk involved of doing this because they are more focused on bragging and letting other people know that they are making money through Bitcoin.

Even though I don't like this, I won't deny that people who brag about their bitcoin investments on social media are making a lot of money and they have been living peacefully for many years. This depends on each country's security, not everyone will be in danger if we brag about our investments with the aim of making more money. There are many famous investors in my country who always brag and make extra money by bragging on social networks to call people to join their group. But the interesting thing is that they still exist from 2017 until now and I guess they have made tens of millions of dollars or even more through their investments and they have attracted many people into thier group. 

If you like to brag about your Bitcoin wealth, maybe  just brag about 10 % of it. Then have a matching amount of Bitcoins in a dedicated wallet and the other 90 % in other wallets.

Advantage:

1) You can publicly brag as much as you want, maybe to attract some female company 

2) If bad things happen you lose only 10% of your holdings and can easily give it up when needed...

[Jawhead999]

This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin.

Let's say you create 2-3 multi sig wallet, if you leave 2 keys at the same place, they can steal your coins.

Another possibility, someone can attack you with $5 wrench attack.

In order to be fully safe you're need to shut your mouth and never link any of your activities to Bitcoin or cryptocurrency.

If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use.

Some wallets didn't use seed phrase i.e. Muun wallet, if you have Muun wallet's back up, you can't retrieve your coins in other wallets except Muun wallet.

[adaseb]

Yeah I already made the mistake of telling people about bitcoin in 2015 or so. And I never told them how much I bought but the problem was when the bull market of 2017 came, everyone assumed I was some crypto king. And they wanted money.

Or they wanted me to take their money and basically 10x it. Some guy needed like $50 K and he wanted to give me $5K so I can turn it into $50K by crypto trading. I obviously refused.

Hence don’t tell anyone about any crypto you own.

[Don Pedro Dinero]

Prevention is better than any cure, isn't it?

If you are fearful of physical attacks, don't reveal anyone that you are a Bitcoin investor.

Known physical Bitcoin attacks

Interesting website, the only thing is that I clicked on a couple of links to see the source and they are broken.

I agree that the best thing to do is to keep secret how much bitcoin you have and if you have a lot it is even more important. As for you can enter your home and threaten your physical integrity, if I had a lot of money in millions I would have HW in several places so that if they enter your home and you can kill you transfer them what you have there but that is only a part of your total bitcoin holdings. For modest amounts, being discreet is enough.

[albon]

Don’t share how much you have with others. This is yet another reason to use a multi-sig setup. [...]

We are less than a month away from the halving, so these tips came at an appropriate time, and although many topics refer to these tips, investors must be reminded again of the safety of their Bitcoin holdings. Truly, anyone bragging about the amount of Bitcoin can bring dire consequences. It may put him under legal scrutiny if he is in a country that prohibits crypto, and if someone with malicious intentions is listening, he might find a way to steal him. Therefore, I strongly agree with minimizing chatter in front of others regarding personal investments.

Also, multisig is a wonderful feature that I prefer to use through hardware wallets instead of desktop wallets. It perfectly protects the investor’s Bitcoin, as the percentage of his assets being compromised is very low. Still, the person must not lose the backups containing all the seed phrases of the wallets supporting multisignatures. These must be kept in very safe places and not be lost over time.

[JunaidAzizi]

Well, precautions are very necessary when we talk about the security of such an asset. Here most of the persons suggested spreading your BTC into multiple wallets so if such a situation can ever happen then you can just give one of them and the rest will be secure. If you can give at least one BTC it is also very workable but yeah the life of a person is much more important than a single BTC. So when all is talking about multiple wallets why someone is not focused to tell him that do not talk about your Bitcoin even to your loving ones if you want to secure your life as well as your BTC. I saw some people continue making the same mistake when they talk to their friends in a public place and talk about their assets like I don't know what the aim of this is. Are their asset increases by mentioning it to your friend or other people in the public place?

[Hatchy]

Even though I don't like this, I won't deny that people who brag about their bitcoin investments on social media are making a lot of money and they have been living peacefully for many years. This depends on each country's security, not everyone will be in danger if we brag about our investments with the aim of making more money. There are many famous investors in my country who always brag and make extra money by bragging on social networks to call people to join their group. But the interesting thing is that they still exist from 2017 until now and I guess they have made tens of millions of dollars or even more through their investments and they have attracted many people into thier group. 

Yes, they are indeed making cool money from their influence on social media, but they may also be targeted by numerous unknown individuals in real life. Most of these social media crypto stars lack a good understanding of how security truly works. They might know the basics, but unfortunately, a significant percentage of people who lose their funds are usually such individuals who lack proper knowledge on how to store their funds securely.

In some countries, they might be exposed to potential risks such as kidnapping and much more. It's crucial that as a Bitcoiner, you maintain your privacy and anonymity to avoid becoming a target. Additionally, I recently learned about passphrase security, where an extra word is added to your original seed phrase, creating hidden wallets for you. You can use different words with the same seed phrase, so if an attacker tries to obtain your seed phrase, you can provide them with a decoy seed while still being able to recover your real funds using the seed phrase plus passphrase. It's a really cool technique, but we shouldn't make our holdings known to everyone to avoid such risks.

[Sebas.tian]

Telling people around you about Bitcoin doesn't mean they will have access to your Bitcoin without your permission, and if you can flash back how you got to know Bitcoin, do you have access to the person that introduced you to Bitcoin? No. All you need to do, if  you want to spread the goodnews about Bitcoin to your family members or friends, don't show them your personal details and without them know your password and your seeds phrase, it will be difficult for them to touch your coins in your wallet. I think, many investors has sold their Bitcoin when the price hit $73,000 last month to make a passive income, and the market price is still struggling to hit back the price so that those who are still holding can use the opportunity to release their Bitcoin for sale.

[peter0425]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others.

I am for sure to not bragging to others but my wife and mother , because they are the two person that I ever trust in this world.

This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target.

if you are doing this just to impress others then you deserve to be in violence , because we are investing for the future and not to make others down of your assets.

This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

thanks for the advises but we are using cold wallets to make it sure that our investments are in safer position.

[adultcrypto]

The main purpose of bitcoin is to achieve a peer-to-peer payment system with no middle person, this being  a recognition of the need for privacy and confidentiality. So I doubt people rarely brag about their bitcoin possession and those who do are definitely doing the wrong thing. The risk of such attitude far outweigh the benefits of the pride and expected respect that can possibly come out of it. There is also the risk factor associated with disclosing your bitcoin holding to the public.

[Assface16678]

Telling people around you about Bitcoin doesn't mean they will have access to your Bitcoin without your permission, and if you can flash back how you got to know Bitcoin, do you have access to the person that introduced you to Bitcoin? No. All you need to do, if  you want to spread the goodnews about Bitcoin to your family members or friends, don't show them your personal details and without them know your password and your seeds phrase, it will be difficult for them to touch your coins in your wallet. I think, many investors has sold their Bitcoin when the price hit $73,000 last month to make a passive income, and the market price is still struggling to hit back the price so that those who are still holding can use the opportunity to release their Bitcoin for sale.

True, but the most efficient and peaceful way of living while you are doing and enjoying the benefits of bitcoin, is to stay lowkey, no matter what other's will say about bitcoin or no matter how other people can flex their earnings in bitcoin its better to stay low profile so no one will bother you and also you will keep your assets safe, because a little information can be used and used as advantage to hacked you or steal anything from you, especially in social media, many with malicious intents are scattered in social media gathering and using the information's they are getting there so if you really want to be safe then don't flex or share anything about bitcoin in your social medias or anything in internet. That's how I manage to be safe against hackers or people whose intention is to steal from you or take advantage of your information and use it to scam you.

[reagansimms]

The only reason Satoshi chose to be anonymous was because he did not want his safety to be threatened by people who were capable of committing violence over his success in creating Bitcoin which is now starting to be considered the toughest rival to fiat money. Telling friends about your Bitcoin ownership will reduce your level of safety and also the Bitcoin you own, friends could betray you if they are in financial trouble.

When you are under threat with two choices: life or Bitcoin, you cannot avoid it and will hand over Bitcoin for the safety of your life. It would be better if you store Bitcoins in a different wallet and keep a copy of the phrase or other backup safely, and when you have a number of assets that can cause other people's evil intentions, never tell anyone about the assets you own.

[taufik123]

Your assets and swallows are privacy that needs to be maintained, after all, why should you tell the value of assets owned to friends or others.
Wanting to brag about success with Bitcoin to get them interested, I'm not even happy with that kind of chatter.

Very boring when someone asks how you can get bitcoins, how can you get a lot of money with Bitcoin and such.
It will just waste my time without any benefit.

If you are an influencer and need more followers, then this kind of bragging is needed.
But not by publishing your main wallet, but just a number that shows how much crypto assets you have.

[Dr.Bitcoin_Strange]

Those who openly brag or disclose their Bitcoin investment information are just ignorant of Bitcoin security and privacy measures. Bitcoin is a private asset, and although all transactions can be traced and seen on the blockchain, not every transaction on the blockchain can be traced to the actual individuals who carried out the transaction or owners of those Bitcoin. I remember last year, a user on this forum created a thread about a kidnapping case, and the kidnappers asked the victim to pay his ransom in Bitcoin, and that was because they were already aware that the victim was a Bitcoin investor. That incident suggests that those kidnappers have inside information about the Bitcoin holdings of that victim, and it must have been something he caused himself. 

Bitcoiners ought to be extremely careful with whom they share their investment information, because if they give out such vital information to the wrong person, they will have themselves to blame because it can ravage their security and privacy and lead to lose of asset.

[Mpamaegbu]

It is important you do not brag about success. Don’t share how much you have with others.

Nobody keeps secret forever. There's always that one person we find a way to confide in. There's always that person who shares our dreams, foresight and aspiration. However, while talking about our success we should be mindful not to reveal all. Keep your jokers to yourself.

They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup.

That's the reason we should be mindful of those we share information with. Like you said at the end of your post, don't go babbling.

Yeah I already made the mistake of telling people about bitcoin in 2015 or so. And I never told them how much I bought but the problem was when the bull market of 2017 came, everyone assumed I was some crypto king. And they wanted money.

That makes the two of us 🧐. In fact, someone recently addressed me as a crypto lord simply because he was one of those I told about Bitcoin when I newly got into this industry in my exuberance to introduce them to financial independence. It sounded weird to me because the person he addressed as a crypto lord isn't even a shrimp. I'm less of a crayfish.

[ultrloa]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

We should never brag anything about it nor tell that we have a lot of bitcoin since we might be at risky situation especially those people we told about it are criminal minded individual. So we should never think about doing it since we cannot get anything in return for doing that.

Much better if we keep silent on everything we do on cryptocurrency scene since nothing more better if we can sleep nicely at night without worrying anything danger that might happen to us. Simple bragging cannot give us any benefits so much better if we shut our mouth on this since sometimes some people may intercept our next move especially if we told them what is the next action we do.

[btc78]

This is such a social dilemma. On one hand, you would want to share your success to others especially to friends and family who may be suffering also and in need of something to help. On the other hand, you need to think of yourself and keep yourself safe. It’s not bad to safe so it is ok to be a little suspicious of others sometimes.

Even when talking to other people about crypto, I never say how much bitcoin I own or if I even own any. That is something that is none of their business as much as their coin is not mine.

[Baki202]

Well, precautions are very necessary when we talk about the security of such an asset. Here most of the persons suggested spreading your BTC into multiple wallets so if such a situation can ever happen then you can just give one of them and the rest will be secure. If you can give at least one BTC it is also very workable but yeah the life of a person is much more important than a single BTC. So when all is talking about multiple wallets why someone is not focused to tell him that do not talk about your Bitcoin even to your loving ones if you want to secure your life as well as your BTC. I saw some people continue making the same mistake when they talk to their friends in a public place and talk about their assets like I don't know what the aim of this is. Are their asset increases by mentioning it to your friend or other people in the public place?

After everything is put in place, the security of your asset needs to be given a high priority because if you do not take it seriously then there is a high chance that you might lose your asset starting from keeping your seed phrase safe and away from online, and very good idea splitting your assets never taught of that, in this business you just have to learn to use your head or they will use it for you and if not that someone is close to me I don't buy the idea of disclosing my assets, because you can become a target.

The value of life is more than anything and you will always get another opportunity to be able to get more assets because the process of trying to resist they might just want to cause you harm since splinting is already suggested.  you won't lose when you find yourself in that situation.  I don't think have heard of anyone being rubbed physically for their Bitcoin so it's either they got hacked or manipulated but if it happens we have to be prepared.

[michellee]

Owning Bitcoin means you must take full responsibility for it. You can't say it to many people because you don't know who is sincere towards you. By storing your Bitcoins carefully, you have protected your Bitcoins from bad people who want to steal them.

Currently, the price of Bitcoin can make people curious and want to own it. Store your Bitcoins in a place completely protected from people you don't trust. Divide your Bitcoins between several wallets and store them in a safe place.

There are many ways you can use to store Bitcoin. The important thing is that you don't tell many people you have Bitcoin. That is your secret that you must guard well.

[Zlantann]

Don't go blabbing your mouth to everyone about your Bitcoin stack.

This advic is not just for Bitcoin owners or hodlers but in all aspects of people's financial life. There is no need telling people how much you own because you will be simple calling for unnecessary attention. I prefer to live a simple life that is why I chose Bitcoin because it can hide your worth to a large extent. Bankers know how much you are worth, so banks cannot maintain privacy, but Bitcoin is different because you own the bank.

Pride and loquaciousness are some of the reason why people carelessness reveal what they own. It is now common for people to flaunt wealth on social media because they want to gain accolades. People can now be track easily through the social media because they cheaply give out vital information on these platforms.

Yeah I already made the mistake of telling people about bitcoin in 2015 or so. And I never told them how much I bought but the problem was when the bull market of 2017 came, everyone assumed I was some crypto king. And they wanted money.

Or they wanted me to take their money and basically 10x it. Some guy needed like $50 K and he wanted to give me $5K so I can turn it into $50K by crypto trading. I obviously refused.

Hence don’t tell anyone about any crypto you own.

This is exactly the same mindset most people have about cryptocurrencies especially Bitcoin in my location. They just assume that anyone who owns Bitcoin is automatically a millionaire. Many of them are not aware that Bitcoin can be bought in bits so they just think you own one Bitcoin and above. I have introduced some persons to Bitcoin but they will never know how much I own because humans are unpredictable.

[Outhue]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

I will take this as a good enough advice but saying that you are a Bitcoin investor is different to saying that you have 100 Bitcoin in your wallet, everyone is a bitcoin investor in my country but wait till you see the balance, even someone with $20 Bitcoin counted himself as a investor.

It is only those who made mention of their worth that will likely face a problem, its just like having money, everyone has money, but there are levels of money that draw attention, so let's say that everyone has Bitcoin but the amount they have is all that matters.

To tell the truth, I have never seen anyone saying that they have a certain amount of Bitcoin, even $5 in Bitcoin is still Bitcoin, this keeps them safe, but the moment you let the world know that you have 2 BTC upward you are inviting dangers to your door step, like I've said its rare, I've never seen anyone exposing the amount they actually own.

[Rruchi man]

It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. 

There are many things that you shouldn't speak about, things that you should keep privately to yourself, like the exact amount of bitcoin or a suggestion of how many bitcoins that you own.

Leaving suggestions of the amount of bitcoins you own can make you a target for whichever of the people you call friends and entertain or even family members to prey on, and you may never know until your bitcoins are gone.

Tell people about bitcoins, but don't over share and leave suggestions of how much you have been able to accumulate.

[sokani]

As a crypto investor, you should be discreet with your investment to avoid attracting unnecessary attention to yourself because not everyone that smiles with you have your best intentions.

This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin.

I hope you know that creating a multisig wallet and having all the keys to yourself or at one location does not make your Bitcoin safe? As a matter of fact it's goes against everything that multisig wallet stands for.

Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain.

I believe you wanted to write device. And yes, it's advisable to have multiple backups of our seed phrase in different locations incase your device is lost or stolen, you can still lay claim to your Bitcoin.

[EluguHcman]

OP, while I agree with you that it is risky for a Bitcoin investor or a Bitcoin holder to expose his/her assets worth to some trusted friends, it can also be extended meaning the good testimony of yourself you think it was worth sharing amongst you and your friends would not only remain between you as a friendly or family hoods but would be extended from person to person and on that note, someone that might even be related to you might have that evil mindset towards you and not even the primary persons you formally exposed yourself to that would have you for a treasury hunt.

But talking about how you can recover your stolen Bitcoin through which you loose guarded with your seed phrases is worth in doubt about.
I dearly disagrees that a lost fund can be recovered at the basic of you recovering your lost seed phrases again.
What I am sure of is that on a case like this, you can only regain access to your Wallet.

And moreover, Bitcoin does not have a backup phrase instead the blockchain which it is stored as a wallet does. The only option to regain your lost Bitcoin is either by trace through an authorized securities in the blockchain which takes processes and basically not on the track of implying recovery of your seed phrases.

[Z-tight]

Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain.  

You have got things wrong here, if your device is compromised or your backup exposed and you lose your funds, you cannot get it back with your seed phrase, because the attacker is going to send the funds into their own wallet. Yes, BTC is stored on the blockchain and whoever has access to the seed phrase can spend the coins.

This is yet another reason to use a multi-sig setup.

Multisig set up is a good extra layer of security, but you have to know exactly what you are doing, i.e. some people set up a multisig wallet in a single device, and this defeats its main purpose. A passphrase is also a good extra layer of security and it is great for plausible deniability.

[DeathAngel]

It is a good idea not to openly discuss or flaunt your wealth to others. It helps protect your privacy & security, reducing the risk of becoming a target for theft or scams. It stops jealousy & potential strain in relationships. Also it allows you to focus on genuine connections & meaningful interactions rather than being defined by your financial status.

[naira]

To be honest, I've been considering a case like this for quite some time, because even though I've never told anyone about owning Bitcoin, information can easily spread by word of mouth and we can't prevent it. Therefore, there are several alternatives where I have to divide my holdings into several wallets and several devices. So this can give me enough time to avoid losing all the assets I have. I'm not going to put it in a 1 container that if I lose it will rob me of everything I own. The risk of distributing assets is also the same, but when compared with the risk in one basket, the first option can still save me from threats, indeed someone has to be sacrificed if an undesirable event occurs, be it a robbery or an accident.

May God always protect me!

[Aanuoluwatofunmi]

Don't go blabbing your mouth to everyone about your Bitcoin stack.

We should learn on being reserved with what we have invested on bitcoin, its not by force that we should keep announcing ourselves to the world or claiming that we are having a particular rate of investment on bitcoin, we don't need to brag because we are not impressing anyone, instead, doing such could put us more in danger, many have invested in bitcoin because they needed to retain and have their financial privacy back from centralized institutions and government, it will not make any tangible efforts or benefits on us if we go public with what we are up to in bitcoin.

[kentrolla]

Agreed, we should never disclose our holdings or even say we have holding huge chunk and I rather prefer a very low profile when it comes to Bitcoin and don't even jump into conversations when people discuss about Bitcoin in real life as we will be the easiest target if someone happens to figure out we had Bitcoins and at gun or knife point there is no way one can get out without coughing up the information. It's advisable not to boast about your Bitcoin or any crypto holding with others as there may be third person observing it.

[Alana Arden]

Bragging about Bitcoin means increasing your risk or bringing your own danger. Because there is nothing to be proud of. So don't make the mistake of telling anyone about your own crypto. You are not allowed to reveal how many bitcoins you have in storage. It is most important to keep it secret. Because it helps protect your privacy and security. It also reduces the risk of theft or fraud. Because if someone knows the amount of bitcoin you have, they can track you. To access your wallet or your user to track the wallet or your system. This is why I consider it safe to store BTC in multiple wallets. Although MultiSig is a really great feature that protects an investor's Bitcoin perfectly,.
However, if I'm not mistaken, CitBitCty made a thread on a somewhat similar topic a few days ago. https://bitcointalk.org/index.php?topic=5485048.msg63658943#msg63658943

[LogitechMouse]

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

When I start to re-accumulate Bitcoins again during the bear market after this bull run, I will do this one. TBH, I'm storing all of my Bitcoins on one wallet only, and I know, I know it's risky to store all of my Bitcoins in one wallet only, but I already made sure that no one knows where I'm storing it. After all, I'm the only one in our community that's involved into crypto, so they don't know how to steal it.

Re: DO NOT BRAG ABOUT YOUR BITCOIN

I don't see any benefit of bragging the amount of Bitcoins that you're holding to other people.
No benefits. Just pure risk. Risking your security for the sake of what?

I mean there's no reason at least for me to brag that I'm holding X amount of Bitcoin. I might say that I'm holding some Bitcoin, but I will not tell the amount, and I will teach them how to invest into Bitcoin instead of bragging.

[Lucius]

If you like to brag about your Bitcoin wealth, maybe  just brag about 10 % of it. Then have a matching amount of Bitcoins in a dedicated wallet and the other 90 % in other wallets.
~snip~

That's a bad idea, because no matter how much you think you'll get away with giving someone only 10%, what will happen if that person/s decides to check if you're telling the truth or maybe you're lying? There is a very painful game that no one would like to try on themselves - it's called "this finger goes in..." and considering that most of us have 20 fingers in total, the game can be very painful and long-lasting.

A piece of advice sometimes even worth your life - don't brag about your wealth, unless you're a popular showbiz person who lives under protection 24 hours a day.

[Maus0728]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

If that's really the case that someone's going to ask that from you at a stick up, then it's going to be easy for you to pinpoint who's taking shots at your bitcoin stash, this only works when you're quite about your bitcoin investments though so keep that in mind. Now, as I've just said, it's going to be logical to think that these thieves/muggers are after your bitcoin because someone's paid them to do so, that's the only reason and most of the time, muggers want quick cash and most of them are on the room temperature IQ so holding a bitcoin hodler at gunpoint isn't really their best option so yes, give it up when they ask for it but in the case that you'll survive that traumatic encounter, it's probably for the best that you start doing some investigations, people that have this diabolic intentions are stupid to some level anyway so a little bit of tracking in the blockchain of your stolen funds, you'd be able to find out who's the person behind.

[pawanjain]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

Lol, that is true. Having coins stored in different wallets can help decrease the losses from theft.
But if I have a multi sig wallet with 2/3 sigs and if we tell the thief that the rest of the 2 keys are at different places.
And that we have to go there in person to retrieve the key then don't you think the thief will get frustrated and leave the place ?
Or may be he will just kill us and leave 

[AnonBitCoiner]

People cannot tolerate the success of others so they will hear they you are bitcoin investor then they will make target you to snatch your all bitcoins. But those who are familiar with bitcoin and know the success rate of bitcoin as well as the greedy thoughts of others will never trust anyone and will never share their investment with any relative, friends or stranger.

You should feel threat from those who have information about bitcoin because they know better that what things are necessary to get access to bitcoin but those are not dangerous for you who don't know about bitcoin because they will not believe this things and will not be able to steal your bitcoin.

I think everyone should save their bitcoin in different wallets and should not keep all asset in just a single wallet because if there happens such situations of stealing then only a single wallet will be hacked but all the remaining assets will be in save place.

[Gladitorcomeback]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

I agree with this. Keeping all your eggs in one basket no matter how strong it is can always cause problems if something happens with the basket. Similarly, if you are keeping all your Bitcoin or other assets in a single wallet, you are making a mistake and that is now how you should be doing this, but instead, create multiple wallets and split your assets in those wallets and make sure you use very secure wallets so that your funds stay safe and in case something bad happens, you won't lose all the funds.

One should also make sure that they are backing up their wallets in different devices and aren't keeping all the keys and phrases in one place because then it wouldn't make any sense. If someone puts a gun on your head and asks you to open all the wallets with those keys, you won't have a say.

This is why, security must be the first priority, and after that, privacy. As OP said, don't discuss your finances with anyone no matter how close they are to you.

[BABY SHOES]

Just keep your mouth shut never talk about the bitcoins you have to others even when you have a lot of money plus gold stored at home you will be the next target of robbers we never know how they do it but about the finances you have then it must be kept secret.

There are still many people who always want to show off what they have now including BTC earned from profits or whatever you can tell all your friends automatically labeled as a lot of money that will be utilized or a target for theft.

I will be silent about success and even the bitcoins I have have never told anyone else except the closest person who is sure to be trusted, such as a wife.

[PrivacyG]

I would argue it is not enough to prevent leaking the information about your holdings.

The issue is much deeper than that and any finger print you leave may have a bad consequence at some point.  We are living in an increasingly higher risk of Bitcoin related attacks and crimes, and particularly in times of rising and more often occurring cyber attacks.  And no, this is not my typical paranoia.  This is a very serious situation no body wants to be in, even if you do not care about having Privacy.

It is important to prevent pretty much any body from knowing about your holdings.  I mean every body.  This is to prevent unnecessary risks and issues regarding your personal safety.

Do not order Hardware Wallets, Bitcoin stuff or things from obvious Bitcoin accepting stores delivered to your personal address.  If 'Bitcoin Shop' appears on the parcel, the courier is not some body to be trusted.

Try to avoid using clearnet for searching any thing Bitcoin or Cryptocurrency related whenever possible.  What if a worker of your ISP you are using is ill intended and nosy and has access to information about your history?

Obviously, no posts about Bitcoin on Social Media.  The reason is pretty common sense.

And much more.  My point is, try to think twice every time you do something Bitcoin related.  You never know who the perpetrator could be.

[dunfida]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

One of the most important things in life is on having that kind of security you do have with you and your family on which it would really be just that common sense on what are the things that you would really be gonna
do because we do know that we are living in a world on where there are really tons of those criminals that just really looking for some opportunity on which they could really be able to abduct people and having those kind of stealing your money or your assets or whatever it would be. This is why it would really be that important that you should really know on how to limit your mouth on telling things around.
It would be that too dangerous on trying out to boast about your money posession or capability on which we know that this is something that not really recommended on doing so.
It is really just that there are really some people of this world would really be that loving on sharing up on things to public which isnt supposed to be done in the first place.

[KingsDen]

These type of advices have been heard countless time but one thing is that not everyone will adhere to the advice. Also it is important to note that it is not only when you brag about your holdings that people will know that you own some bitcoins. Merely making bitcoin related posts on social media, sticking cryptocurrency related banners in your vehicle or wearing crypto polos can also expose you. But how then can we successfully avoid all these. Satoshi Nakamato had adviced us on how to avoid these linkages by separating our individual identity from our bitcoin address. This can atleast save us in some ways. Meanwhile, it is not advisable to brag about your holdings whether it is bitcoin or money.

[JoyMarsha]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

This is what I pray against every day of my life, let me or any of my friends not fall short in the hands of evil ones to hijack their crypto assets by force. That would be the worst experience for anyone not to forget in a hurry because having your crypto assets taken by force by transfer to another crypto wallet,  there is no way it can be traced who is responsible for the act.

To stand on the safe side, don't tell anyone about your crypto holdings or leave your crypto assets on phones or laptops for display of the amount of crypto coins owned. Deactivating your crypto wallet app will be best, but make sure you have your seed phrase kept at two different safe places where it can't be tampered with.

[Miles2006]

Issues like this has been discussed several times, bitcoin investment is not something you start announcing around cause if we're actually referring to attackers I think attackers will come when they smell something fishy, attackers will not just come with the aim of stealing something like bitcoin. My first question will be like who informed them and how did they get to know about bitcoin except such person had contact with the victim. Disclosing bitcoin investment to friends is also not right and I think this habit is commonly seen on social apps.

[Issa56]

It is important you do not brag about success. Don’t share how much you have with others.

Don’t even try to share the amount of bitcoin you are holding with other people, you are just risking your life if you try that, your investment is suppose to be known to only you, or your close family members, but it shouldn’t be know by even your friends, because some people which you think they are your friends are not really your true friends,  they don’t really wish you good, so you have to be careful with people you tell about your investment.

When some people knows about your investment, then they might end up setting you up, your life is already in danger, and they might end up taking everything from you. Just imagine you have bitcoin in your wallet, and you got rubbed and you were asked to send the bitcoin to a particular wallet, you don’t have choice than to do it because your life is at risk, and you will be losing your bitcoin. Your investment should be a secret.

[Mame89]

The only reason Satoshi chose to be anonymous was because he did not want his safety to be threatened by people who were capable of committing violence over his success in creating Bitcoin which is now starting to be considered the toughest rival to fiat money. Telling friends about your Bitcoin ownership will reduce your level of safety and also the Bitcoin you own, friends could betray you if they are in financial trouble.

When you are under threat with two choices: life or Bitcoin, you cannot avoid it and will hand over Bitcoin for the safety of your life. It would be better if you store Bitcoins in a different wallet and keep a copy of the phrase or other backup safely, and when you have a number of assets that can cause other people's evil intentions, never tell anyone about the assets you own.

Correct. We must realize the importance of keeping our bitcoin amount secret from other people because we know the intentions of someone who wants to harm us. It is also important that before investing in Bitcoin, we must be smart about storing wallet phrases or reserves in several places using the safest wallet. Because many beginners think wallet security is not that important, even though this is the first thing we have to learn before investing.

In essence, when we have a lot of bitcoin assets, never tell anyone, and don't like flexing, because in an increasingly materialistic world like now, many people are jealous of us. Whatever our plans, whether they are achieved or not, if possible, don't let other people know about it. Because we don't know what someone's true character is like. We have actually often read and often heard the advice from Op, but for me it is important to repeat it again and again so that we are always careful.

[Cookdata]

Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

This reminds me of some friend I have their WhatsApp contact on my phone and how they show off because of little investment they made on Bitcoin, they even shill and they are encouraged people to buy Bitcoin which is good but they sometimes over do it. I have never for once posted anything about Bitcoin on my status despite been an advocator. There are ways you can promote something without making yourself and object of target for scammers and hackers or even normal close friends.

What I like about Bitcoin is that it doesn't just teach you about buying it as an asset but the inherent features that makes you to like it and one of it is "privacy". If you value your privacy, you don't have to worry about this because even your family isn't supposed to know about your Bitcoin holding and what you do with your Bitcoin. Privacy just don't end there, learn extend it to live a quiet life and learn to spend your Bitcoin without anyone understanding how, when and where, this is to beat the way fiat exist.

[oktana]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

They say don’t put all your eggs in one basket. So, if you have a lot of money which is worthy to be robbed you of at a gun point, then you should always ensure you split your funds across wallets so if anything were to happen, they’ll probably find only one wallet (you should have signed out of the other wallets). It’s a valid suggestion because the people at gunpoint don’t know how much you have, and if you had less, they’d take it so.

[Z-tight]

Deactivating your crypto wallet app will be best, but make sure you have your seed phrase kept at two different safe places where it can't be tampered with.

If what you meant by 'deactivating' is to delete your wallet file from your device, instead of that, create a watch only version of your wallet. This watch only version does not hold any keys, so funds cannot be stolen from it, and from it you can check wallet balance, create and broadcast tx's if you also set up an airgapped version of the wallet for signing tx's

[Ale88]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

Don't bragging about money, bitcoin, gold, or any other asset that could be stolen, is always a good idea. Nowadays I don't think that the average Joe is going to brag around about his bitcoins, the only people that could be in some kind of danger are the early adopters who maybe told some friends and family about purchasing bitcoin when it was worth a few dollars. Whoever entered this market in the last years probably doesn't have many cryptocurrencies unless he was already wealthy before bitcoin.

[boyptc]

I am not too vocal with it but you know that every bull run comes, I am having more friends again but I am expecting that.

I am not blabbering about Bitcoin anymore and they're the ones that gets close to me asking this and that about the market. It's fine for me but I wouldn't be too vocal with them anymore of how much I've got but usually, I'd just say that I am still holding a bit and hoping that I can get some good gains about it.

Other than that, I am not talking to random stranger in real life if they happen to ask about me and my personal holdings.

[kingvirtus09]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

It's good what you said, and it's also right; it's just that there are people who really enjoy a lot of money and can buy what they want; they brag about it already on social media platforms like Facebook.

Even with Bitcoin, others say how many bitcoins they have, even though no one asks, What is it for? Is it for someone to comment and say that it's great? or someone will say, Wow, he has bitcoin or what? In fact, there is no reason to do that; it is done just to show off, but they will say that the Bitcoin crash is to inspire others. For me, it doesn't give inspirational feelings to others; instead, it even causes annoyance to others. That's literally legit.

[yazher]

If I'm not mistaken there was a site that kept updating about Bitcoin crimes the main story was about people who were kidnapped and forced to take their bitcoins from them after bragging about how much they had in their wallets. these people are actually real and they will come at you as soon as they learn your place you should take necessary measures not to be like those victims who have nothing to blame but themselves, others even have some bad endings because their lives have been taken from them along with their crypto assets. So this should not be taken lightly or else you are putting your life in danger along with your families as well.

[Zoomic]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

Everytime I see similar posts like this advising people not to disclose how much Bitcoins they have, yet people keep ignoring this advice. I think it is even safer not to disclose at all that you own a certain percentage of Bitcoin. Bitcoin enlightenment has spread so fast that a common man out there sees people who brag about Bitcoins as money Lords. Such public displays only exposes one to security attacks as many would  rather want to steal  instead of learning how to invest in bitcoin too. Bitcoin investors have to first learn how to protect themselves first before any other thing. No one will be attacking your Bitcoin wallets if they had no idea that you even have a wallet. Cyber theft is on the increase everyday, this is the main reason we need to be security conscious always.

[Volimack]

There are few people who brag about bitcoin but bitcoin is a digital asset whose information is lost in no time and difficult to recover if shared with anyone. That's why I shouldn't argue with anyone about how much is in my wallet. One should keep quiet thinking about their safety and it is possible to get good profit from this platform. Bragging can make life worse learn from real life and proceed.

[Oasisman]

These type of advices have been heard countless time but one thing is that not everyone will adhere to the advice. Also it is important to note that it is not only when you brag about your holdings that people will know that you own some bitcoins. Merely making bitcoin related posts on social media, sticking cryptocurrency related banners in your vehicle or wearing crypto polos can also expose you. But how then can we successfully avoid all these. Satoshi Nakamato had adviced us on how to avoid these linkages by separating our individual identity from our bitcoin address. This can atleast save us in some ways. Meanwhile, it is not advisable to brag about your holdings whether it is bitcoin or money.

Exactly! It is not just by bragging that criminal minds recognizes their target. Sometimes these criminals are too smart to trace their target via the links they gathered from a person who happens to have engaged in social media with crypto related groups and topics and then using his primary account with all the names and photos posted in that specific platform.

I have seen this advertisement campaign about the danger of posting all kinds of information you have in social media, where they prank people by pretending to be a fortune teller using the social media information they get from them and the people that is working in the backend will be the one to feed that information to the fortune teller. People who got pranked get a slap of reality instantly, they never knew it could be used against them.
That simple phishing email and that fake bank representative that's been constantly calling anyone is the prime example that these criminals are also working the best they could to generate a lead.

[harapan]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

Exactly,privacy they say is power and informations like that needs to be properly secured no matter what happens.For your security and safety sake,stop trying to prove a point to people or stop trying to argue with them over what you own or possess.
No one needs to be told,you shouldn't be given them an evidence as to how you get your wealth or where you profit from.

Bitcoin,whereas trading,mining,buying&selling,bitcoin engages our knowledge deeper but its not everyone that sees the signal and responds to it.Bitcoin teaches us privacy;if bitcoin can protect and grant us privacy and safety from the government,how much more developing your personal privacy level.Bitcoin can be used in a private and anonymous way.

[Darker45]

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

When I start to re-accumulate Bitcoins again during the bear market after this bull run, I will do this one. TBH, I'm storing all of my Bitcoins on one wallet only, and I know, I know it's risky to store all of my Bitcoins in one wallet only, but I already made sure that no one knows where I'm storing it. After all, I'm the only one in our community that's involved into crypto, so they don't know how to steal it.

Not a reason to be complacent. Surely, there are times when you go out from your community. Also, there are people from other places who visit your community. Some move there for good. Some just pass by. Further, how can you tell that you're the only one who's involved in crypto in your community? And even if that's right, it's just a matter of time before somebody in your community learns about it. It's not as if your community is inside a cave and nobody knows about social media.

And it's not about how good you hide your wallet or backup or how they would steal it from you. A robber doesn't have to solve a puzzle. He/she only needs his/her Bitcoin address and a kitchen knife to force you to send all your money to him/her. It's not about a perfect hiding place. It's either you take that out wherever you're hiding it or the knife will pierce through your gut.

[pinggoki]

The only time that you should be talking about your bitcoin is if someone starts it and they're also a hodler, even at that point, you still need to be vague or maybe even the best thing to do is not talk about it, that's probably the best thing that you can do. There's this meme that I've seen in my social media feed and it talks about how you're the one that's funding most of the food in the family reunion because you keep bragging about your investments, it's a funny thing to happen but there's times that things can get worse for you and it's something that's preventable. Minding your own business will always be the thing that you'd have to be thinking about.

[m2017]

Many people are prone to boasting, especially when things are going well, for example, bitcoin is growing rapidly. Especially for beginners, it can be difficult to resist sharing their joy with friends and acquaintances. Of course, OP is right that should be more careful with boasting about your financial successes. Everyone knows that emotions interfere with investing (bad decisions leading to unprofitable transactions). This is exactly the case when boasting (emotional behavior) can also lead to losses. In fact, any personal financial issues (not just those related to cryptocurrencies) should not be discussed with anyone other than those who are directly related to this (partners, heirs). Instead of sincere, joyful praise, you will most likely receive only hidden envy and hatred, like towards a person who has undeservedly received success. And then it will not be difficult for such people to whisper about you as a potential target for profit. Therefore, no matter how much bitcoin you have in your wallets or dollars in your bank accounts (are you really so naive to do that?  ), your best ally is silence.

[lovesmayfamilis]

These type of advices have been heard countless time but one thing is that not everyone will adhere to the advice. Also it is important to note that it is not only when you brag about your holdings that people will know that you own some bitcoins. Merely making bitcoin related posts on social media, sticking cryptocurrency related banners in your vehicle or wearing crypto polos can also expose you.

Does this mean that a person who accidentally bought a T-shirt with a Bitcoin logo at the market or a figurine that he placed in his closet in the shape of a coin is putting himself at risk? In this case, do we harm ourselves? It seems that someone is interested in and participates in the popularization of Bitcoin, but on the other hand, he takes on the risk of being caught in the dark corner of people who decided that he has Bitcoin.

Vicious circle?

[fat buddah]

These type of advices have been heard countless time but one thing is that not everyone will adhere to the advice. Also it is important to note that it is not only when you brag about your holdings that people will know that you own some bitcoins. Merely making bitcoin related posts on social media, sticking cryptocurrency related banners in your vehicle or wearing crypto polos can also expose you.

Does this mean that a person who accidentally bought a T-shirt with a Bitcoin logo at the market or a figurine that he placed in his closet in the shape of a coin is putting himself at risk? In this case, do we harm ourselves? It seems that someone is interested in and participates in the popularization of Bitcoin, but on the other hand, he takes on the risk of being caught in the dark corner of people who decided that he has Bitcoin.

Vicious circle?

Well, there is definitely a risk, that's true. It's not that big, I think, just haveing a T-shirt or something like that is fine. It's far more dangerous to tell people about your holding, especially if you're telling how much you have. You never what consequences it might have.

[boty]

Many people are prone to boasting, especially when things are going well, for example, bitcoin is growing rapidly. Especially for beginners, it can be difficult to resist sharing their joy with friends and acquaintances. Of course, OP is right that should be more careful with boasting about your financial successes. Everyone knows that emotions interfere with investing (bad decisions leading to unprofitable transactions). This is exactly the case when boasting (emotional behavior) can also lead to losses. In fact, any personal financial issues (not just those related to cryptocurrencies) should not be discussed with anyone other than those who are directly related to this (partners, heirs). Instead of sincere, joyful praise, you will most likely receive only hidden envy and hatred, like towards a person who has undeservedly received success. And then it will not be difficult for such people to whisper about you as a potential target for profit. Therefore, no matter how much bitcoin you have in your wallets or dollars in your bank accounts (are you really so naive to do that?  ), your best ally is silence.

For some beginners, of course, it will be very difficult for them not to tell about the success they are getting from using Bitcoin as their investment and there are even those who are arrogant about the results they get by telling everyone they know, of course this will be very dangerous for life. and it could even be that someone who doesn't like them will certainly have evil intentions towards them so this will be very detrimental if something happens because of their own fault.

In investing, of course it is very important for us to be able to control our emotions so as not to make decisions that are detrimental to ourselves when investing. Of course, this is never desired by every person who invests and it is true, as you said, we often see those who brag about themselves, of course. Such people are so difficult to control their emotions that they cannot make any profit from their nature.

When someone wants to discuss their finances or their plans for the money they have, of course it would be better for them to choose not to discuss these matters with people they cannot trust, because they will not necessarily give the best advice regarding the plans we have with them. these funds and they could give advice that is detrimental to us.

[ChiBitCTy]

I created a topic discussing this a few months ago where I stressed the importance of not even speaking about your bitcoin or cryptocurrency holdings what so ever. It’s no one else’s business but your own how much you own or have of anything, therefore, keep it close to the vest, so to speak. Ones finances are private and should remain that way.

[taufik123]

I created a topic discussing this a few months ago where I stressed the importance of not even speaking about your bitcoin or cryptocurrency holdings what so ever. It’s no one else’s business but your own how much you own or have of anything, therefore, keep it close to the vest, so to speak. Ones finances are private and should remain that way.

Some people with considerable assets deliberately show off to the public and their friends, aiming for flexing, and that will make them interested in following suit.
It's quite dangerous because there will be many dangers lurking, but if the destination is not included with their main wallet address, it may still be safer.

The purpose of flexing is to increase followers and there will be many who follow some of the projects that are done, so it will also provide benefits.

[AmoreJaz]

I created a topic discussing this a few months ago where I stressed the importance of not even speaking about your bitcoin or cryptocurrency holdings what so ever. It’s no one else’s business but your own how much you own or have of anything, therefore, keep it close to the vest, so to speak. Ones finances are private and should remain that way.

Some people with considerable assets deliberately show off to the public and their friends, aiming for flexing, and that will make them interested in following suit.
It's quite dangerous because there will be many dangers lurking, but if the destination is not included with their main wallet address, it may still be safer.

The purpose of flexing is to increase followers and there will be many who follow some of the projects that are done, so it will also provide benefits.

Well, it is the risk they are subjecting themselves into. Because scammers are always lurking, trying to find their next victim. Because once a person got screwed over the net, that's when he will realized about his actions. With the proliferation of social media everywhere, no wonder a lot are getting wrecked by these fraudsters.

The only time that you should be talking about your bitcoin is if someone starts it and they're also a hodler, even at that point, you still need to be vague or maybe even the best thing to do is not talk about it, that's probably the best thing that you can do. There's this meme that I've seen in my social media feed and it talks about how you're the one that's funding most of the food in the family reunion because you keep bragging about your investments, it's a funny thing to happen but there's times that things can get worse for you and it's something that's preventable. Minding your own business will always be the thing that you'd have to be thinking about.

Bottomline, be discreet with your crypto involvement. You will find out that your life is more at peace and you don't need to look over your shoulder at all times. No need to brag about your holdings. There's no need to boast it if you are secure about yourself.

[blckhawk]

I created a topic discussing this a few months ago where I stressed the importance of not even speaking about your bitcoin or cryptocurrency holdings what so ever. It’s no one else’s business but your own how much you own or have of anything, therefore, keep it close to the vest, so to speak. Ones finances are private and should remain that way.

Sound advice but what about advocating for the use of bitcoin or cryptocurrency though? I assume that it's going to be difficult to talk about it if you don't say that you're a hodler or hinting that you're a hodler, I know that it might not make sense but the only way to move forward in my opinion with bitcoin adoption or just more people to adopt cryptocurrency is for us to start having more faces than anonymous ones talking about how bitcoin or crypto in general changed our lives. I don't know if this doesn't sound logical to you but to me this makes sense to some degree. But of course, you need to be vigilant about your bitcoin and crypto holdings when you do this since it definitely paints a target on your back, maybe this is a good time to be splitting your assets in different wallets so in the worst case that this happens, you're mitigating the problems.

[bluebit25]

The downside of showing off your cryptocurrency on social media is the trade-off in personal security. Even though they make a fortune through their influence, they also become targets for real-life bad guys. The problem is that these people often do not have in-depth security knowledge. They only know the basics, while the majority of people who lose money lack knowledge about cryptocurrency security. In some countries with low security, they may face risks such as kidnapping. Therefore, maintaining privacy and anonymity is paramount for Bitcoin players. Remember, keeping personal information and assets private is the golden rule in the cryptocurrency world.

[GideonGono]

Don't brag about your investment or how much you have, it is like asking for someone to target you for a quick cash.
Some might understand that flexing what you work hard for or achievement is so satisfying, but at least minimize it don't show everything that doesn't need to be shown in public.
Make sure that you and your family is always safe.

[Antotena]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up.

Somethings are just meant to be private and never to be share with anyone. I have many friends that are into crypto and has Bitcoin but till date, we don't share amount we have in Bitcoin and we are still cool, I don't have a reason to even to that and to avoid questions that may pop out from anywhere, I make sure that I don't ask anyone for money so that it doesn't bring questions like you have Bitcoin, why don't you sell your profits and used it for another thing.

Investment are things you don't share with people, Bitcoin is a very sensitive stuff you don't even need to share to people that you have because when they learn you owned bitcoin, they might not be the one to even attack you direct, they can send any person to come attack you right in your residence and get access to your wallet private keys and when you don't comply with them, they may take your life.

[o48o]

-cut-
2) If bad things happen you lose only 10% of your holdings and can easily give it up when needed...

As from someone who has been this scene for a while now. That doesn't quite help. Even if you downplay it and say you own only $4000 worth of it. And you, think back saying that back in the year 2015 at the bottom. What do you think those people thinking now? Even if you actually sold most of it ages ago, you would still have money left, and when ever you accidentally gave impression that you have money, and those people will remember you speaking about it back in day, and they probably think you just got more of it during these years. And then they do the math.

And seriously, with hindsight, i was stupid when i bragged about btc back in time. Because why would i even ever need to brag about money? It's tacky, in poor taste and serves only people with low self esteem.

[South Park]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

If the criminals targeting you are willing to use violence to get to your coins, a multisig setup is not going to protect you as you could lose something way more valuable than your bitcoin, so the best course of action is to remain silent about your bitcoin holdings, because even if you think the amount is not big at all, there are many people for which that amount could be enticing enough or they may mistakenly believe you have way more than that, making you a target in their eyes.

[rodskee]

Don't brag about your investment or how much you have, it is like asking for someone to target you for a quick cash.

but we know some people cannot help themselves to make them looks ahead of others this is why

Some might understand that flexing what you work hard for or achievement is so satisfying, but at least minimize it don't show everything that doesn't need to be shown in public.

actually most of the time it is not flexing but that is something to make them look richer than their friends

Make sure that you and your family is always safe.

And this is correct, we are not just making ur self vulnerable from bad people but also our family
so try not to lure hackers/scammers/robbers to enter your system .

[spandamoto]

What's Bitcoin? Never heard of it

[CODE200]

If the criminals targeting you are willing to use violence to get to your coins, a multisig setup is not going to protect you as you could lose something way more valuable than your bitcoin, so the best course of action is to remain silent about your bitcoin holdings, because even if you think the amount is not big at all, there are many people for which that amount could be enticing enough or they may mistakenly believe you have way more than that, making you a target in their eyes.

A lot of posts underestimate the lengths that a criminal would go through to get what they want from you, if you're held at gunpoint/knifepoint, don't risk goading or aggravating the person by saying shit that would lower your chance of survival in that encounter, the best thing that you need to do is to comply and do what it takes to survive it. Don't be a hero and try to wrestle with them, you don't know if there's other people that's involved or is with them. Although you can't really prevent your bitcoin from being stolen during that traumatic encounter, there's ways that you can mitigate or prevent the damage that you'll get from them before that encounter, having your funds split in different wallets and only having one wallet available in your EDC phone is the best thing because that way you're complying but at the same time, you're not losing all of your bitcoins or whatever crypto you have all at once.

[OcTradism]

Some people with considerable assets deliberately show off to the public and their friends, aiming for flexing, and that will make them interested in following suit.
It's quite dangerous because there will be many dangers lurking, but if the destination is not included with their main wallet address, it may still be safer.

The purpose of flexing is to increase followers and there will be many who follow some of the projects that are done, so it will also provide benefits.

If you know about risk, they will sit back, assess risk and benefit, and will less likely to flex.

Many people don't know about risk of flex that can cause to hacks, physical attacks, deaths and not limited to financial loss, so they do flex many times. Some people know about risk but they don't assess it at proper severe level so they consider it as tiny and inconsiderable risk and continue to flex.

If they learn lessons but don't pay for lessons with their all life, it is good enough but if it is death, that will be very costly lesson.

[peter0425]

What's Bitcoin? Never heard of it

Yeah tell me a story once you have a knowledge about this bitcoin thing please? 

Don't brag about your investment or how much you have, it is like asking for someone to target you for a quick cash.
Some might understand that flexing what you work hard for or achievement is so satisfying, but at least minimize it don't show everything that doesn't need to be shown in public.
Make sure that you and your family is always safe.

not even in some random friends , not unless if this is from your closest family member then that is fine bragging because sometimes we need to have others to understand and learn about our funds specially if there is unfortunate things happened .

[Sebas.tian]

The main purpose of bitcoin is to achieve a peer-to-peer payment system with no middle person, this being  a recognition of the need for privacy and confidentiality. So I doubt people rarely brag about their bitcoin possession and those who do are definitely doing the wrong thing. The risk of such attitude far outweigh the benefits of the pride and expected respect that can possibly come out of it. There is also the risk factor associated with disclosing your bitcoin holding to the public.

The privacy of Bitcoin has made many people in the world to show interest in Bitcoin, and Bitcoin has been adopted by Many countries of the world because third party is not involve in the transaction and your Bitcoin are safe through out of your holding them in your wallet. Those that kept their seeds phrase and their password very well will not worry about their Bitcoin in their wallets, because they know even though they miss place the phone or system, their Bitcoin will still be safe in their wallets if they will be able to have access to their seeds phrase. If you don't want to lose your Bitcoin to scammers or family members, don't disclose your Bitcoin holdings to anybody because the moment they discovered that you have huge amount of Bitcoin in your wallet, your life and your Bitcoin will be in danger.

[Lambugini]

The value of Bitcoin compare to other crypto currency has ma.de so many people, institutions and even government to put eyes on Bitcoin. Bitcoin has made so many people rich today. The value of Bitcoin is increasing everyday by day. Just like here in our country Nigeria, government is looking for all means that they will have access to all crypto wallet with the intention of been in control because they knew some many safe their in crypto currency or wallet. Look at opay before that has nothing to do with BVN and NIN. Today the government have influence opay to update all customers to input their BVN and NiN before any activity can take place. So please do not brag with your Bitcoin. Keep mute and be focused.

[Albarq]

Just keep your mouth shut never talk about the bitcoins you have to others even when you have a lot of money plus gold stored at home you will be the next target of robbers we never know how they do it but about the finances you have then it must be kept secret.

There are still many people who always want to show off what they have now including BTC earned from profits or whatever you can tell all your friends automatically labeled as a lot of money that will be utilized or a target for theft.

I will be silent about success and even the bitcoins I have have never told anyone else except the closest person who is sure to be trusted, such as a wife.

with good news about bitcoin to your relatives, don't show personal data, it is very confidential, even though sharing important things with crypto currency, many people are starting to look at it, while bitcoin is soaring, investors are also seeing this as if they are placing hope by monitoring situations like this.

[rodskee]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

While bitcoin is continuously increasing then the potential of people that will stick checking
who can be the potential victims is that we are the target and looking for a chance to grab is
theirs to take so when we are giving others idea on which they will get as victim so better
not to let them be.
also try not to let yourself from from being one and also the world now is getting worst and yes we
should keep ourself lowkey to not become a target.

[Marvell1]

The main purpose of bitcoin is to achieve a peer-to-peer payment system with no middle person, this being  a recognition of the need for privacy and confidentiality. So I doubt people rarely brag about their bitcoin possession and those who do are definitely doing the wrong thing. The risk of such attitude far outweigh the benefits of the pride and expected respect that can possibly come out of it. There is also the risk factor associated with disclosing your bitcoin holding to the public.

The privacy of Bitcoin has made many people in the world to show interest in Bitcoin, and Bitcoin has been adopted by Many countries of the world because third party is not involve in the transaction and your Bitcoin are safe through out of your holding them in your wallet. Those that kept their seeds phrase and their password very well will not worry about their Bitcoin in their wallets, because they know even though they miss place the phone or system, their Bitcoin will still be safe in their wallets if they will be able to have access to their seeds phrase. If you don't want to lose your Bitcoin to scammers or family members, don't disclose your Bitcoin holdings to anybody because the moment they discovered that you have huge amount of Bitcoin in your wallet, your life and your Bitcoin will be in danger.

After all, bitcoin is just money, nothing more, nothing less,  and if you have a lot of money or gold then you are also rich and keeping your assets private is extremely necessary. But is it right that we keep secrets from family members? I mean the closest and most trusted people in your family. Have you considered the situation if you were in an accident or suddenly passed away and you didn't share the seed phrase with anyone? That means no one can touch those bitcoins, and what if they need money urgently to prepare for your surgery? Have you considered that scenario?

Since some people started owning small amounts of bitcoin worth just a few thousand dollars and they started to doubt mutual trust within the family, is it worth it?

[Youngkhngdiddy]

If you know about risk, they will sit back, assess risk and benefit, and will less likely to flex.

Many people don't know about risk of flex that can cause to hacks, physical attacks, deaths and not limited to financial loss, so they do flex many times. Some people know about risk but they don't assess it at proper severe level so they consider it as tiny and inconsiderable risk and continue to flex.

If they learn lessons but don't pay for lessons with their all life, it is good enough but if it is death, that will be very costly lesson.

  I guess the reason why this set of people feel free to flex their risk is because they feel like safe sharing that information to them, if the other party feels any interior motives of trying to hurt him/her that’s uncalled for,  I know we should try and avoid trouble and all, to me nothing is wrong with two grown men sharing thier portfolio with eachother, we shouldn’t encourage violence too because everyone would want to go into those defensive mode and be more private about thier holdings. It is the cruelty of the world that makes it to us that people is coming to harm us so you got to be ready, to be ready in the sense that your security measures are impenetrable and no one can have easy access to you.
 Moreover there are people who constantly share their holdings and trading account on social media, they still live very fine and peacefully no one has come to rob them or extort from them, they still go out, drive nice cars some fly for vacation and even eat in expensive restaurants. it depends on the level of security you have in your country. You should be worried about not trying to misplacing your seed phrase, that’s is the greatest pain. You will just have money your can’t access, that feeling is always unbearable. Being security caution is the key to dealing with the Bitcoin and blockchain technology. I like the fact that the technology made us sole responsible for what ever is going on in the wallets.

[angrybirdy]

If you are held at gun or knife point for your bitcoin, it is because someone has found out you have bitcoin, another very important reason why you must never discuss it.

I don't know if it's just me? But I don't ever disclose anything related to money, especially when it comes to my incomes and investments, even in my family, it's not because I don't trust my relatives, maybe I just learned because of my past experience where they know what I get my income from, so what's happening is that they always expect me to have money. I believe that we should really consider this kind of thing as highly confidential because we are not sure who is really happy for us, we don't know that others who know are envy us, the thing I avoid the most is that someone gets hurt just because of money.

[Nrcewker]

If you are held at gun or knife point for your bitcoin, it is because someone has found out you have bitcoin, another very important reason why you must never discuss it.

It’s always ideal to keep your investments private and limited to yourself only. Be it bitcoins or any sort of investment, don’t share with others, it will create unnecessary attention from the jealous people. Yes what op said keeping a multi sig wallet is a good option, but all type of investors may not show interest to use it. Hence, it’s better to not spread the news about your investment with others.

[legendbtc]

If you are held at gun or knife point for your bitcoin, it is because someone has found out you have bitcoin, another very important reason why you must never discuss it.

I don't know if it's just me? But I don't ever disclose anything related to money, especially when it comes to my incomes and investments, even in my family, it's not because I don't trust my relatives, maybe I just learned because of my past experience where they know what I get my income from, so what's happening is that they always expect me to have money. I believe that we should really consider this kind of thing as highly confidential because we are not sure who is really happy for us, we don't know that others who know are envy us, the thing I avoid the most is that someone gets hurt just because of money.

Limiting bragging or sharing your income or assets with others is a good thing and I support your point of view. Sometimes we simply think we want to share joy with someone and tell them about what we have achieved. Perhaps there will be people who are happy and congratulatory, but there will also be people who feel jealous of us and will most likely find ways to cause trouble for us.

We should keep it a secret, but not from everyone, we should at least share it with the closest people like our wife and children in case of emergency. But it is true that we should minimize sharing money-related issues with outsiders.

[Reatim]

What's Bitcoin? Never heard of it

Lol honestly I am guilty of pretending to not know about bitcoin in fear for my safety.

I once heard people talking about bitcoin and I noticed that they too were also talking in hushed tones as if they did not want anyone to know what they were talking about and I honestly get it. I don’t have much bitcoin but it’s still my money and it would pretty suck if anyone had taken it from me. I can not imagine how paranoia those whales who own lots of bitcoin feel in terms of their safety.

[Plaguedeath]

Lol honestly I am guilty of pretending to not know about bitcoin in fear for my safety.

I once heard people talking about bitcoin and I noticed that they too were also talking in hushed tones as if they did not want anyone to know what they were talking about and I honestly get it. I don’t have much bitcoin but it’s still my money and it would pretty suck if anyone had taken it from me. I can not imagine how paranoia those whales who own lots of bitcoin feel in terms of their safety.

If you feel guilty for pretending to not know about Bitcoin? what about myself? I actually not just pretend to not know, but sometimes I say Bitcoin is scam or not secure even though it will make them think I'm stupid lol. Usually they will explain to me if Bitcoin isn't scam because they've hold it for few months, but I will deny it and pretend to not having interest to continue the discussion.

I need to fake it because Bitcoin is discussed in anywhere nowadays, they might be suspicious to you if you say you never heard it.

[tygeade]

If you are held at gun or knife point for your bitcoin, it is because someone has found out you have bitcoin, another very important reason why you must never discuss it.

It’s always ideal to keep your investments private and limited to yourself only. Be it bitcoins or any sort of investment, don’t share with others, it will create unnecessary attention from the jealous people. Yes what op said keeping a multi sig wallet is a good option, but all type of investors may not show interest to use it. Hence, it’s better to not spread the news about your investment with others.

I agree that taking extra precautions would be fine, and you should definitely do that, but that doesn't mean that you are going to get anything good even if you take a lot of defensive measures. The best one is to shut up about it and do not tell anyone, that way you will do fine and not have to worry about anything at all.

I am pretty sure that we are going to end up with something much better, and should be considering that as a very valid situation that could get better. I am not saying that its going to be easy, but keeping your investments hidden is the best way to go. I believe that we are going to end up with a greater return if we do have the time for it, and should be considering the situation to be very important in the end.

[bettercrypto]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

I agree with what you are saying, and it is right not to put the assets in just one wallet; they should also be put in different baskets; they should be in the hardware wallet,
in the non-custodial wallets, and in trusted wallet apps related to the crypto space we live in.

This is really what we crypto enthusiasts should do, and if we have any crypto assets, we should just own them and don't brag about them as much as possible.

[Fatunad]

If you are held at gun or knife point for your bitcoin, it is because someone has found out you have bitcoin, another very important reason why you must never discuss it.

It’s always ideal to keep your investments private and limited to yourself only. Be it bitcoins or any sort of investment, don’t share with others, it will create unnecessary attention from the jealous people. Yes what op said keeping a multi sig wallet is a good option, but all type of investors may not show interest to use it. Hence, it’s better to not spread the news about your investment with others.

I agree that taking extra precautions would be fine, and you should definitely do that, but that doesn't mean that you are going to get anything good even if you take a lot of defensive measures. The best one is to shut up about it and do not tell anyone, that way you will do fine and not have to worry about anything at all.

I am pretty sure that we are going to end up with something much better, and should be considering that as a very valid situation that could get better. I am not saying that its going to be easy, but keeping your investments hidden is the best way to go. I believe that we are going to end up with a greater return if we do have the time for it, and should be considering the situation to be very important in the end.

Security is something that we should really be that minding on, this is something important and it would be always be. There are really just that those individuals who are really that loving on boasting up on how much they do earn or on how much they do own and this is a safety hazard specially we do know that there are people who are really just that not mindful about their safety as long they could really be boast up their earnings
then this is something that makes them happy without even trying to think about the risks on  telling such thing on which we know that this is something shouldnt be done in the first place.

In my case, i have some significant amount of money that earned through the years. They've seen that i have a car and bought things which i cant be able to do or more than on what they can afford
at my young age, then this is where it would really be giving out that kind of question on what are the things that im getting involved into but i do still continue for me to hide
off on what im really that doing. Even though it sounds selfish but i dont really care on what they would gonna say.

[Asiska02]

Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

Bragging about your wealth and what you own is not ideal and can cause you to forever regret that your actions if the news gets to the wrong hears or hands and they decide to act upon it. This is a very large space and you need to keep things in secret for the safety of yourself and those around you. They don’t need to get hold of you to steal from you, they can as well get someone close to you that you can’t afford losing and prompt you to do what they want and get away with those coins. As others have said, when you’re held at gunpoint and about to lose your life, you don’t need to hesitate into not giving up all of your savings for them, because that will be better for you than just giving up your life for money that can be gotten back again.

I agree with what you are saying, and it is right not to put the assets in just one wallet; they should also be put in different baskets; they should be in the hardware wallet,
in the non-custodial wallets, and in trusted wallet apps related to the crypto space we live in.

This should be the best idea for anyone while not still disclosing the amount of bitcoin they own. Diversifying your money into different wallets should be a necessity to avoid loss of funds all at the same time. Even at that, most of the wallets could be trusted ones and non-centralized wallet, anything can happen like loss of private keys or seed phrase that can make someone get access to your wallet. Never disclose your worth, it is better for you and most preferred as a bitcoin investor or enthusiast that you are.

[shield132]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target.

You can't send and receive Bitcoin without revealing your address, you can't also hide how many coins you hold because bitcoin blockchain is an open book where every transaction is stored. In order to use Bitcoin and still don't reveal exactly how much you own, you have to use unique address every time and also other privacy tools or methods.

This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

When you create a multi-sig setup, you have to consider that you shouldn't store 2 or 3 keys together, they should be stored separately to increase the efficiency of multi-sig setup, otherwise it doesn't matter.

[GbitG]

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves. The second step for them should be to find a way to store their assets safely to avoid exploits and scams or keep them safe from attackers and stealers.

Having a multi-sig wallet is a good way, but I would rather suggest one keeps their assets in different wallets for better safety they should only keep one of those wallets active that they would use for usual transactions and that wallet shouldn't contain a lot of money. As they say, never put all your eggs in one basket.

[Zoomic]

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves. The second step for them should be to find a way to store their assets safely to avoid exploits and scams or keep them safe from attackers and stealers.

Having a multi-sig wallet is a good way, but I would rather suggest one keeps their assets in different wallets for better safety they should only keep one of those wallets active that they would use for usual transactions and that wallet shouldn't contain a lot of money. As they say, never put all your eggs in one basket.

Many people who disclose how much Bitcoins they have, yet protect their FIAT holdings are yet to truly understand the value of Bitcoin.  What else will make someone protect his FIAT account jealously and  be carefree with his Bitcoin account? It is because Bitcoin's value makes no sense to them yet. Every Bitcoin enthusiast has to fully understand that Bitcoin is the digital gold that should be protected from theft, this is more than just bragging about your Bitcoin holdings,  protect it in such a way that it is difficult for fraudsters to steal. Let's not lose this valuable asset because of our own carelessness because if you don't value what you have, someone who knows it's value more than you do will take it away from you.

[uneng]

It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target.

Of course there are precautions we should take regards sharing personal informations about our investments with other people. However, success will be inevitably sniffed by people around at some point, once you start using the profits made through Bitcoin investment. And how can you hide it from them? Criminals will see the individual as a target, anyway. You have to protect yourself and care about your physical integrity, but at same time, you can't stop living as you wish and can afford because other people will see you as a target. Then, how can we solve this equation?

[CryptSafe]

In the first place, it is not advisable to talk about your bitcoin investment in the public places. You just do not know who is who. The people around you you do not know what they have in mind and you being the celebrant or the asset. This is another point of security where people just need to take serious. Do not post wallet address or wallet details online. Stay away from online publicity which involves ones crypto investment and others.

[Oasisman]

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves.

Yeah I have heard enough of how to secure your bitcoin and other crypto asset to avoid from getting scammed or hacked or even attacked physically to forcefully steal your bitcoin. And of course we should not talk about our assets publicly or in the internet and social media platform. I mean, all of these are correct and what should everyone must of follow. But, keeping it a secret even with your own family, like your wife? I think that is just overreacting and so wrong on so many levels. Why would you keep a secret to your wife? when all you have been holding onto why you get married is because you trust her and she trusted you too. That's just don't make sense to me though.

[Iranus]

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves.

Yeah I have heard enough of how to secure your bitcoin and other crypto asset to avoid from getting scammed or hacked or even attacked physically to forcefully steal your bitcoin. And of course we should not talk about our assets publicly or in the internet and social media platform. I mean, all of these are correct and what should everyone must of follow. But, keeping it a secret even with your own family, like your wife? I think that is just overreacting and so wrong on so many levels. Why would you keep a secret to your wife? when all you have been holding onto why you get married is because you trust her and she trusted you too. That's just don't make sense to me though.

This is what I see many people on the forum doing, they consider bitcoin more important than anything, including their love between husband and wife as well as their feelings towards their children and parents. This makes me feel like bitcoin was created to make people suspicious of each other and tends to destroy mutual trust. Thanks to bitcoin, these people begin to doubt and distrust their closest loved ones, so is owning bitcoin good or bad?

It's confusing, they can't even trust their wives, so why does that person get married? What is he investing in bitcoin for if not to seek wealth for his family and relatives?

[Fuso.hp]

The exact amount of how much bitcoins I have and how much money I am investing in bitcoins should never be shared with anyone else as I feel it must be a secret for me. I bragged about my investment to everyone and if I shared how much I had invested with everyone, it would surely bring us bad things later. By telling others about my investment, why should I unnecessarily create jealousy about my affairs in others? I am investing and I am taking the full risk of the money so only I will know about this and there is no question of anyone else knowing. Those who are real investors keep all the investment matters to themselves and they never discuss their investment matters with anyone else. Hopefully we should follow the type of investors who don't brag about their investments but prefer to keep their investments private.

[Out of mind]

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves.

Yeah I have heard enough of how to secure your bitcoin and other crypto asset to avoid from getting scammed or hacked or even attacked physically to forcefully steal your bitcoin. And of course we should not talk about our assets publicly or in the internet and social media platform. I mean, all of these are correct and what should everyone must of follow. But, keeping it a secret even with your own family, like your wife? I think that is just overreacting and so wrong on so many levels. Why would you keep a secret to your wife? when all you have been holding onto why you get married is because you trust her and she trusted you too. That's just don't make sense to me though.

This is what I see many people on the forum doing, they consider bitcoin more important than anything, including their love between husband and wife as well as their feelings towards their children and parents. This makes me feel like bitcoin was created to make people suspicious of each other and tends to destroy mutual trust. Thanks to bitcoin, these people begin to doubt and distrust their closest loved ones, so is owning bitcoin good or bad?

It's confusing, they can't even trust their wives, so why does that person get married? What is he investing in bitcoin for if not to seek wealth for his family and relatives?

I think there is a lot of logic in what you say because if you invest bitcoins it is better not to share it with anyone to protect your privacy, but some people must share it. It is also a good idea to invest bitcoins and not share them with friends and neighbors or relatives, but rather share them among your family, such as spouse and children. Because people can die at any time and if he has invested bitcoins if no one knows about his investment then it will be useless no one can enjoy those bitcoins. And we basically invest in bitcoins only so that our next generation can live well with that money in the future. But many times it is seen that many husbands and wives quarrel and secrets are often leaked so it also creates suspicion and mistrust so owning Bitcoin is good. Of course, it is right that if he cannot trust his wife then he should not have married, however a man must share this investment with his wife. When that person passes away, his Bitcoin investments are the greatest thing that his children can enjoy. And Bitcoin is basically invested not only to hold it but to do something for one's future, so I think it's better to share it with spouse and children instead of sharing it with relatives.

[cryptoWODL]

I think it's completely stupid to reveal to social media or other people how much wealth we have or how much bitcoins we have invested. If we keep telling everyone about our particular assets, we may be exposed to physical threats, making it more likely that our assets or invested bitcoins will be stolen or hacked. Moreover, now people are more greedy towards digital assets especially Bitcoin. If a person has a large amount of bitcoins, if someone finds out, that person can be in great danger because other people can covet his wealth.

Additionally, Bitcoin is not legal in most of the countries where our community members are affiliated, making it even more dangerous to disclose Bitcoin investments in their countries. I have also heard of many investors who are investing in Bitcoin but they didn't even tell their family about their investment maybe they did the right thing for their own safety. Investing in Bitcoin and keeping our investment safe requires security. When I first invested in Bitcoin then when my investment passed 2 to 3 years then I told my family but it was revealed by doing a job.

[Crypt0Gore]

The only time that you should be talking about your bitcoin is if someone starts it and they're also a hodler, even at that point, you still need to be vague or maybe even the best thing to do is not talk about it, that's probably the best thing that you can do. There's this meme that I've seen in my social media feed and it talks about how you're the one that's funding most of the food in the family reunion because you keep bragging about your investments, it's a funny thing to happen but there's times that things can get worse for you and it's something that's preventable. Minding your own business will always be the thing that you'd have to be thinking about.

This is very true, we actually discuss about bitcoin a lot, my cousins and I but non of us has ever revealed how many Bitcoins we hold, I do not believe that people are bragging about how much Bitcoin they have, I have not seen a soul doing this.

Its fun to talk about the market and what could possibly happen in the coming month, I do this a lot when I am in the midst of Bitcoin investors like me, it is really something good to kill your free time with, we also have discussion about good upcoming projects too, from there we will have clue about which upcoming projects to look out for.

I don't see why I would want to tell anyone that I have one Bitcoin or ten Bitcoins, there is really no need, people get jealous easily, they can turn to enemy because of what you have or how much you worth.

You are right about the meme, I have seen something similar, maybe even the same, but wealth or rich can't always be hidden, the more you get richer the more people will notice, even if you don't talk about how rich you are, be expecting family to start demanding from you.

[rachael9385]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

Yes we don't have to barge on how many Bitcoin we have or how much Bitcoin wey have on our wallet, it's wrong and I like the fact that you made mentioned of how someone might not be of good minded to you and the thought of evils might enters them to harm you so that they can take what's rightfully yours. There's a good purpose of using the multi signature setup, with it you can regain access to your Bitcoin easily as long as you didn't forget what and what you used in setting it up. There's always a target on every Bitcoiners in some places both 9n social media they are there, so we should be careful with who we tell our investments plans and what we have access to.

[Ayers]

The only time that you should be talking about your bitcoin is if someone starts it and they're also a hodler, even at that point, you still need to be vague or maybe even the best thing to do is not talk about it, that's probably the best thing that you can do. There's this meme that I've seen in my social media feed and it talks about how you're the one that's funding most of the food in the family reunion because you keep bragging about your investments, it's a funny thing to happen but there's times that things can get worse for you and it's something that's preventable. Minding your own business will always be the thing that you'd have to be thinking about.

This is very true, we actually discuss about bitcoin a lot, my cousins and I but non of us has ever revealed how many Bitcoins we hold, I do not believe that people are bragging about how much Bitcoin they have, I have not seen a soul doing this.

Its fun to talk about the market and what could possibly happen in the coming month, I do this a lot when I am in the midst of Bitcoin investors like me, it is really something good to kill your free time with, we also have discussion about good upcoming projects too, from there we will have clue about which upcoming projects to look out for.

I don't see why I would want to tell anyone that I have one Bitcoin or ten Bitcoins, there is really no need, people get jealous easily, they can turn to enemy because of what you have or how much you worth.

You are right about the meme, I have seen something similar, maybe even the same, but wealth or rich can't always be hidden, the more you get richer the more people will notice, even if you don't talk about how rich you are, be expecting family to start demanding from you.

There is nothing wrong with us discussing bitcoin in public or with those of us who are investors, as long as we never reveal how much bitcoin we have, I think we will be safe. Discussing cryptocurrency investing is like discussing other businesses, other jobs...it's like many conversations we have with friends and relatives every day. But the confusing thing is that some people are so delusional and think that they will become victims if someone knows they are bitcoin investors. So what about those who invest in stocks, gold... or the rich?

Honestly, we're bitcoin investors and it's always on our minds, so it's hard not to talk about it every day.

[justdimin]

It is important you do not brag about success. Don’t share how much you have with others.

Nobody keeps secret forever. There's always that one person we find a way to confide in. There's always that person who shares our dreams, foresight and aspiration. However, while talking about our success we should be mindful not to reveal all. Keep your jokers to yourself.

This isn't about sharing it with your spouse or your parents, this is about online and you can keep it a secret forever online. You just do not share it, it is that simple. Some people do not have anyone in their life, not many friends, maybe not even any friends, not parents, not a spouse, they are lonely and they feel the need to get that acknowledgement online so they look for social media, that is usually who social media was created for.

And when you think about that, you will realize that it is going to help with those peoples morale, but also if they share it there, because they can't share it with a loved one, they will end up with a situation that will not be all that easy for them, it should be a little harder to handle.

[Obari]

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

lol you acted like a typical Africa person and I don’t know if you’re one because we don’t believe that any evil can happen at anything but we rather keep focus on positive happenings and that’s why I love my people, not like the western world that accepts whatever happens to them, we only want the good ones.

Back to the thread, I agree and understand what op is trying to say but I think I also agree more with @darker45, that there would be some situations that you’ll be left with no other option than to give out all that is asked of you and that’s why we always pray never to fall victim of such situations because we must have heard what must have happened to a lot of persons who proved stubborn to some criminal raiding, which many loss their lives in that cost.
And I also agree with @ Darker45 that one thing that would help anyone in this situation, is not having all your holdings in one wallet but rather spread them out

[Casdinyard]

While I agree that everybody should just keep to themselves how much Bitcoin they own, if somebody is held at gunpoint or at knifepoint, it doesn't anymore matter which wallet you're using, or whether it is multi-sig or not, or whether you have a copy of your seed phrase or some other backup. It's either your life or you cough up those information.

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

That could be true, but I've been mugged a couple times before (not a good thing I know, even weirder thing to brag or tell people about lol) but I've never experienced these mofos asking me to open my binance or my coinbase wallet to transfer my crypto towards them lol. I can see thig happening more in the future as we become more digitized but as of now, that's one absurd thing to happen and even more absurd to experience. Anyhow, the point I'm trying to make is the same as Darker's you gotta choose between your life and your money when you get into that kind of situation, and 9 times out of 10 you will always end up choosing your life, you may experience the sorts online when you get your shit rocked by a hacker on the net but why would they force you to cough it up when they can just steal it away from you?

Just don't go out of your own way letting people know that you have stuff that they can take advantage of, be it fiat or crypto. You won't go wearing rolexes and cuban links on a dangerous alley in a crime-infested neighborhood, and I would assume you wouldn't post your wallet's contents on social media either unless it's secured, or to farm engagements in the crypto space.

[Yukyzu]

In the first place, it is not advisable to talk about your bitcoin investment in the public places. You just do not know who is who. The people around you you do not know what they have in mind and you being the celebrant or the asset. This is another point of security where people just need to take serious. Do not post wallet address or wallet details online. Stay away from online publicity which involves ones crypto investment and others.

Talking about Bitcoin in public, I don't think this is a problem as long as they don't know how much we have collected. Moreover, if our delivery is good, of course there will be those who are interested in learning about it and this will make Bitcoin continue to grow and for those who have Understanding Bitcoin well will of course keep your wallet keys well and don't give them to other people so that the assets we own are not used by irresponsible people.

[kotajikikox]

You are right about the meme, I have seen something similar, maybe even the same, but wealth or rich can't always be hidden, the more you get richer the more people will notice, even if you don't talk about how rich you are, be expecting family to start demanding from you.

I cannot dig the thread in gambling section though this is different from your point yet the idea is almost the same when a Lotto winner claims His winning but wearing a mascot costume because She wanted to hide her identity so to the family not knowing the winning, and for the reason that she wanted to teach them how hard to earn money and this is not to spend in luxurious way.
maybe this concept comes towards your idea here.

[Mauser]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

I fully agree with you, we shouldn't be bragging about our crypto gains. I would go even further and say that bragging is a negative character trait that should be avoided as much as possible. What's the point to make us seem bigger than we actually are? When meeting strangers that are bragging about their wealth I usually feel uncomfortable and would prefer to end the conversation quickly. Being cautious when talking to strangers also means that we can't really verify any of their claims. Who knows if they really own all the bitcoins they claim to have. I don't see a lot of upside in bragging about my gains and would share such information only with good friends and family.

[Baki202]

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves.

It is very dangerous when such information is disclosed because it might even bring envy and envy will lead to plotting, That is how they end up killing innocent individuals, just because they are after that person's assets or even get kidnapped, Because of my study, most of these kidnapping cases are caused by the victims themselves because they cannot keep there mouths shut, but family is even preferable because if anything should happen, they will know what to do in that case.

when we are outside, we think people are not watching us or what we are doing, and you can never tell if this person is a criminal or not we should learn how to be careful about everything when we are outside, they can know you are into crypto but your assets should not be disclosed.

Yeah I have heard enough of how to secure your bitcoin and other crypto asset to avoid from getting scammed or hacked or even attacked physically to forcefully steal your bitcoin. And of course we should not talk about our assets publicly or in the internet and social media platform. I mean, all of these are correct and what should everyone must of follow. But, keeping it a secret even with your own family, like your wife? I think that is just overreacting and so wrong on so many levels. Why would you keep a secret to your wife? when all you have been holding onto why you get married is because you trust her and she trusted you too. That's just don't make sense to me though.

with all the advice given to people, they will still fall, victim, they never learn, if they hear about the money they are no longer concerned about anything again whether it is real or not, all they think about is how they will make money. as bad as you will want to share your portfolio with people maybe for recognition, it is better to know who you are sharing with so that you don't get mishandled or even get you your seed phrase stolen forcefully, and that is why we have to take note of our environment.

smart people won't disclose, take the whales for example you can hardly know who they are no one will want to disclose their identity not because of anything but because of security reasons, and that is how they have been keeping safe all this while.

[Yatsan]

The exact amount of how much bitcoins I have and how much money I am investing in bitcoins should never be shared with anyone else as I feel it must be a secret for me. I bragged about my investment to everyone and if I shared how much I had invested with everyone, it would surely bring us bad things later. By telling others about my investment, why should I unnecessarily create jealousy about my affairs in others? I am investing and I am taking the full risk of the money so only I will know about this and there is no question of anyone else knowing. Those who are real investors keep all the investment matters to themselves and they never discuss their investment matters with anyone else. Hopefully we should follow the type of investors who don't brag about their investments but prefer to keep their investments private.

Maybe it depends to who you aare sharing the information with but I agree, disclosing the exact numbers won't make any sense; the idea already is enough if your purpose is to somewhat give them a suggestion to consider the same thing. Problem is, many people are seeking for investment ideas but are just criticizing what ever it is to be shared with them, most of the time. This is what I am referring on choosing who to share those success with. Share it only with those who are curious of the process and not with the profit. Personally, I have experienced negativity with sharing investment plans. A friend of mine before got hyped although it is not my intention and panicked during the dip way back 2018, wherein he chose to sell and blaame me for it. But this experience is not to close the doors for those who are really interested simply bevause I was once there on that position looking for someone to guide me at least.

[Ryu_Ar1]

It's confusing, they can't even trust their wives, so why does that person get married? What is he investing in bitcoin for if not to seek wealth for his family and relatives?

There are several conditions in this case because trusting someone including a partner does not mean having to give all of what we have because no matter how good the relationship and how good it is sometimes when talking about material and money everything can be damaged so maybe this is a consideration that must be considered so that we still have to remain selective including to family and partners.

Maybe not everyone does that because the fact is there may still be some people who still trust their partner more than anything else but for others they prefer to trust themselves to a certain point before finally trusting someone else (partner).
That is also not a mistake because it does not mean that it does not respect the partner because after all, all forms of anticipation must always be done because even in a couple's life we must have our own privacy which may still be guarded from their partner.

[Fivestar4everMVP]

@op, Good advice, but I am curious to know how one can recover their bitcoin back if lost, simply by having a backup of their wallet private key or seed phrase?, or you meant to say that one should have backup of their seed phrase or private key, just incase they lose one of the backups, they can easily still access their bitcoin wallet using the other backups of their privates key and or seed phrases, if this is actually what you meant, then you are right, and I agree with you also.

And going back to keeping our bitcoin portfolio a secret to ourselves, this is actually very important, most especially, if we consider the kind of world that we live in today, there are alot of wickedness in the world today, which I personally believe is born out of poverty and hardship, someone who is failing will hardly be happy for another person that is succeeding, so, it's absolutely a very good and valid advice that we keep our crypto holding entirely secret to ourselves, even close friends, for we know not, where our enemy will come from, the enemy might not be our close friends in particular, but they may act and the door through which the enemy will come knocking.

[Wiwo]

Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.

I fully agree with you, we shouldn't be bragging about our crypto gains. I would go even further and say that bragging is a negative character trait that should be avoided as much as possible. What's the point to make us seem bigger than we actually are? When meeting strangers that are bragging about their wealth I usually feel uncomfortable and would prefer to end the conversation quickly. Being cautious when talking to strangers also means that we can't really verify any of their claims. Who knows if they really own all the bitcoins they claim to have. I don't see a lot of upside in bragging about my gains and would share such information only with good friends and family.

Most times, I try as much as possible to avoid any scene that could lead me to talking too much, that is why I rather mentain my privacy because walking alone is far better because privacy matters.

I have seen some of my forks who made the mistake of allowing those around them to have knowledge about his Bitcoin holding and the result of that is always bad, some get rubbed while others hard their money borrowed without payback because those around them thinks and believe that they have so much money since they hold Bitcoin.

[bocyaj]

@op, Good advice, but I am curious to know how one can recover their bitcoin back if lost, simply by having a backup of their wallet private key or seed phrase?, or you meant to say that one should have backup of their seed phrase or private key, just incase they lose one of the backups, they can easily still access their bitcoin wallet using the other backups of their privates key and or seed phrases, if this is actually what you meant, then you are right, and I agree with you also.

And going back to keeping our bitcoin portfolio a secret to ourselves, this is actually very important, most especially, if we consider the kind of world that we live in today, there are alot of wickedness in the world today, which I personally believe is born out of poverty and hardship, someone who is failing will hardly be happy for another person that is succeeding, so, it's absolutely a very good and valid advice that we keep our crypto holding entirely secret to ourselves, even close friends, for we know not, where our enemy will come from, the enemy might not be our close friends in particular, but they may act and the door through which the enemy will come knocking.

The common way to get back the bitcoin is the seed or the wallet private key after the loss of the bitcoin in the wallet.Many new people doesn’t have the habit of saving their private key or wallet seeds.Because their use the auto save option to their mobile or iPad,So they won’t worry for the recovery in the future.But think in my way of the approach,you had loss the wallet holding device which is your mobile phone or iPad.Everything will get into the zero in your business.So don’t forget to take the wallet backup even now,if you had forgot to get backup in past.

Not all of us from the same society and also not all from the same economical background.It was essential one for all the financial based sector people to save their holding money or earning money.Their was words from the previous generation people,even though you have the wealth by the size of mountain and you spend the wealth without growing it mean after some days,your wealth become zero.So keep your bitcoin wallet safe and secure.Secondly increase or multiples the wallet for your future.It was essential for the person to avoid their financial burden spending on the unwanted things.

[tygeade]

I think it's completely stupid to reveal to social media or other people how much wealth we have or how much bitcoins we have invested. If we keep telling everyone about our particular assets, we may be exposed to physical threats, making it more likely that our assets or invested bitcoins will be stolen or hacked. Moreover, now people are more greedy towards digital assets especially Bitcoin. If a person has a large amount of bitcoins, if someone finds out, that person can be in great danger because other people can covet his wealth.

Additionally, Bitcoin is not legal in most of the countries where our community members are affiliated, making it even more dangerous to disclose Bitcoin investments in their countries. I have also heard of many investors who are investing in Bitcoin but they didn't even tell their family about their investment maybe they did the right thing for their own safety. Investing in Bitcoin and keeping our investment safe requires security. When I first invested in Bitcoin then when my investment passed 2 to 3 years then I told my family but it was revealed by doing a job.

I think there are some "influencers" who use what they have as a way to promote how "good" they are. So they share the amount of money they have, the life style they have, showing the world how "rich" they are, so that seems like the most important part of it.

I believe that the best thing regards to these influencers is that they do provide every single data, so people could actually try to hack into them and use the images these influencers shared, to gain access to their account as well. I am not saying it would work, but there is a bit of a possibility of it as well. This is why you should avoid it. However, at the same time, an influencer who shares nothing would find it hard to get some followers to become an influencer.

[Hewlet]

. Don't go blabbing your mouth to everyone about your Bitcoin stack.

your financial worth should necessarily be a private affairs that's only disclosed to a selected few that are primarily close enough to get access to such information. It's never about Bitcoin. Do you go around telling people how much you have in your bank account ? For me, no one has the right to get those kind of information about me except my wife and probably my kids when they are matured enough but outside of that, we keep things as as straight as possible.

The only issue is that we get a bit valnourable in the midst of those that are Bitcoin investors like us and we might get in a situation where we become too free and open to tell them the quantity of our stack because we believe they are also stacking with us. It's an area we should be mindful to know that anyone can change and become an enemy that's just after stealing of our holding.

[martinex]

Talking about Bitcoin in public, I don't think this is a problem as long as they don't know how much we have collected. Moreover, if our delivery is good, of course there will be those who are interested in learning about it and this will make Bitcoin continue to grow and for those who have Understanding Bitcoin well will of course keep your wallet keys well and don't give them to other people so that the assets we own are not used by irresponsible people.

What you appear is quite reasonable and true, meaning don't attract the attention of many people even though the value of our asset ownership is only a few, if you want to educate BTC even for our close friends, you don't have to look very detailed with just a small example that is easy to understand.

In general we all have mobile phones and our average assets may also be stored there in trading applications provided by exchanges. And often we unconsciously carry out trading activities in public places that are very easily monitored by others. I think this should also be taken care of as well for security as well.

[Kemarit]

And then we have this P2P trading gone wrong, Hong Kong Teen Rescued from Crypto-Related Assault.

According to the report, the victim was lured under the pretense of meeting people and trading crypto assets but was then held captive and beaten by a group of nine suspects demanding HK$180,000 (around $23,000) in crypto profits.

The victim may not have been bragging about his Bitcoin, but he found himself the victim here from criminal groups. So if we will do trade face to face, might be better in public places wherein there are a lot of people around to at least minimize this kind of risk.

And we should be very careful on who we met online and who we talk about our crypto investment and whatnot.

[MainIbem]

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

Are you directly encouraging people to used multiple wallet to store their assets?
What about those that are not good with having several wallets or that are not with storing their wallet seed phrase safe and they lost access to their account what would they do to restore it back. Most times we just need to be very mindful with the way we speak publicly or distribute information about yourselves, when people noticed you are holding much bitcoin they wouldn't mind to know whether it's 10 btc or 1 btc they would planned against you to rob you for those coin.

[Iranus]

Yeah absolutely You are right that one doesn't need to discuss their finances and financial holdings with anyone no matter how close they are with them because we live in an era where you can't trust anyone, not even your family members. So the first step for anyone involved in cryptocurrencies and who has holdings should be to keep that secret to themselves.

Yeah I have heard enough of how to secure your bitcoin and other crypto asset to avoid from getting scammed or hacked or even attacked physically to forcefully steal your bitcoin. And of course we should not talk about our assets publicly or in the internet and social media platform. I mean, all of these are correct and what should everyone must of follow. But, keeping it a secret even with your own family, like your wife? I think that is just overreacting and so wrong on so many levels. Why would you keep a secret to your wife? when all you have been holding onto why you get married is because you trust her and she trusted you too. That's just don't make sense to me though.

This is what I see many people on the forum doing, they consider bitcoin more important than anything, including their love between husband and wife as well as their feelings towards their children and parents. This makes me feel like bitcoin was created to make people suspicious of each other and tends to destroy mutual trust. Thanks to bitcoin, these people begin to doubt and distrust their closest loved ones, so is owning bitcoin good or bad?

It's confusing, they can't even trust their wives, so why does that person get married? What is he investing in bitcoin for if not to seek wealth for his family and relatives?

I think there is a lot of logic in what you say because if you invest bitcoins it is better not to share it with anyone to protect your privacy, but some people must share it. It is also a good idea to invest bitcoins and not share them with friends and neighbors or relatives, but rather share them among your family, such as spouse and children. Because people can die at any time and if he has invested bitcoins if no one knows about his investment then it will be useless no one can enjoy those bitcoins. And we basically invest in bitcoins only so that our next generation can live well with that money in the future. But many times it is seen that many husbands and wives quarrel and secrets are often leaked so it also creates suspicion and mistrust so owning Bitcoin is good. Of course, it is right that if he cannot trust his wife then he should not have married, however a man must share this investment with his wife. When that person passes away, his Bitcoin investments are the greatest thing that his children can enjoy. And Bitcoin is basically invested not only to hold it but to do something for one's future, so I think it's better to share it with spouse and children instead of sharing it with relatives.

The relatives I am talking about here are the people we trust the most, the people we are working day and night to take care of, and that is our wives and children. I don't know about everyone, but for me, I am even willing to risk my life for my children, so bitcoin is not too big for me to create doubt and distance between me and my family. Or my parents, they gave me this life, without them there would be no me. If I lose them, I'll never find them again, but if I lose my bitcoins, getting them back isn't too difficult. So there's no reason just because of bitcoin, because of money, that I should doubt them. After all, bitcoin is money and making money is never easy, but it is not so difficult that it is impossible to earn it back.

[Skybuck]

What if everything was in the open:

Person A +2 million
Person B -2 million

Person B claims to have been robbed for 2 million,

Do you believe Person A is in trouble ?

[Jaycoinz]

Perhaps it will help if your coins are stored in different wallets. If such a thing happens, God forbid, you will give the information of only one wallet.

Are you directly encouraging people to used multiple wallet to store their assets?
What about those that are not good with having several wallets or that are not with storing their wallet seed phrase safe and they lost access to their account what would they do to restore it back. Most times we just need to be very mindful with the way we speak publicly or distribute information about yourselves, when people noticed you are holding much bitcoin they wouldn't mind to know whether it's 10 btc or 1 btc they would planned against you to rob you for those coin.

There is this beautiful statement which I like and it goes people can really alter, hurt or take what they don't know about so for me keeping the secret of the amount of coins to yourself is probably the best thing one can do although there are some folks that let the influence of the Bitcoin they have to get to there and head and so fluent it just for other to know that their standards are high.

[bettercrypto]

I think it's completely stupid to reveal to social media or other people how much wealth we have or how much bitcoins we have invested. If we keep telling everyone about our particular assets, we may be exposed to physical threats, making it more likely that our assets or invested bitcoins will be stolen or hacked. Moreover, now people are more greedy towards digital assets especially Bitcoin. If a person has a large amount of bitcoins, if someone finds out, that person can be in great danger because other people can covet his wealth.

Additionally, Bitcoin is not legal in most of the countries where our community members are affiliated, making it even more dangerous to disclose Bitcoin investments in their countries. I have also heard of many investors who are investing in Bitcoin but they didn't even tell their family about their investment maybe they did the right thing for their own safety. Investing in Bitcoin and keeping our investment safe requires security. When I first invested in Bitcoin then when my investment passed 2 to 3 years then I told my family but it was revealed by doing a job.

I think there are some "influencers" who use what they have as a way to promote how "good" they are. So they share the amount of money they have, the life style they have, showing the world how "rich" they are, so that seems like the most important part of it.

I believe that the best thing regards to these influencers is that they do provide every single data, so people could actually try to hack into them and use the images these influencers shared, to gain access to their account as well. I am not saying it would work, but there is a bit of a possibility of it as well. This is why you should avoid it. However, at the same time, an influencer who shares nothing would find it hard to get some followers to become an influencer.

There are other influencers who really brag, the ones who don't need to brag but they do it for the sake of views. Even if what they say is not true, they still do what they do.

But even so, we shouldn't brag about how much bitcoin we have, let's just keep it, because it's to prevent others from thinking bad things about us. Maybe this people will destroy us in the long run, right?

[ektotanes]

I agree that you don't need to tell everyone about your income, especially in crypto. Be humble and keep on stacking sats.

[qwertyup23]

Talking about Bitcoin in public, I don't think this is a problem as long as they don't know how much we have collected. Moreover, if our delivery is good, of course there will be those who are interested in learning about it and this will make Bitcoin continue to grow and for those who have Understanding Bitcoin well will of course keep your wallet keys well and don't give them to other people so that the assets we own are not used by irresponsible people.

What you appear is quite reasonable and true, meaning don't attract the attention of many people even though the value of our asset ownership is only a few, if you want to educate BTC even for our close friends, you don't have to look very detailed with just a small example that is easy to understand.

In general we all have mobile phones and our average assets may also be stored there in trading applications provided by exchanges. And often we unconsciously carry out trading activities in public places that are very easily monitored by others. I think this should also be taken care of as well for security as well.

I agree with the points you raised but just to add to what OP has provided, there is a big distinction between bragging and educating.

When you brag your BTCs, you are blindly telling to everyone that you have "x" amount of BTCs in your wallet. It is like you are saying that you have $1 million on your bank without providing any details as to how you acquired the said amount. Additionally, you are putting yourself in a security risk that may definitely compromise your safety as a whole.

When you educate a person about cryptocurrencies, you explain on what processes are involved in order to acquire BTCs in the process. You educate people by giving them insights and sharing your experiences that can be helpful when a person decides to start their cryptocurrency journey.

In other words, don't give a man a fish; teach a man how to fish and they wll be satisfied until the end.

[Shamm]

I agree that you don't need to tell everyone about your income, especially in crypto. Be humble and keep on stacking sats.

Through investors didn't give their private informations and they didn't tell anybody that they are and investors that they have money in Their wallets cause they will know how risky their life is if there are many people will know that they are storing some Bitcoins in their wallets. And also they will not sacrifice their money in their own risk. So they will keep Their mouth silence and always humble. They will act as a normal and we don't know that they are a big Time investor.

[Stable090]

What you appear is quite reasonable and true, meaning don't attract the attention of many people even though the value of our asset ownership is only a few, if you want to educate BTC even for our close friends, you don't have to look very detailed with just a small example that is easy to understand.

In the world which we find ourselves today, we have to be careful whenever it comes to financial aspects, not everyone will really be happy when they see you progress, even people close to you. So when you are teaching anyone about bitcoin, the strategy which I do use is that I  am having a wallet which I have nothing inside, and I have a exchange which am having like $10 in it, that’s what I do you to explain to them, I will never show them my main wallet, nobody knows the amount which I worth. You can’t trust anyone, the person you call your close friend might end up being the one to set you up, so always make sure your investment is private.

[Marvelman]

Dude, bragging about your Bitcoin is basically handing out a target sign. The world's full of folks who wouldn't mind "borrowing" your crypto if they knew how much you were stacking.

When I explain Bitcoin to people, I pull out my "dummy wallet" - the one with like $5 in it. Main wallet? Invisible. Close friends? Love 'em, but my financial life stays private. A best friend might accidentally (or not-so-accidentally) let something slip, and boom, next thing you know you're looking over your shoulder 24/7.

[Albarq]

I think the possibility must occur from observing that the most important thing is to maintain information as their investment and keep it, making a lot of money for them, sometimes keeping difficult secrets, how many bitcoins do you have as bitcoin ownership, which is to generate and keep assets in a safe position, bitcoiners, don't anyone, including those closest to you, to know even if necessary, you have to be extra careful, can lose assets that you have locked up tightly.that is the most important

[Yamifoud]

I agree that you don't need to tell everyone about your income, especially in crypto. Be humble and keep on stacking sats.

Through investors didn't give their private informations and they didn't tell anybody that they are and investors that they have money in Their wallets cause they will know how risky their life is if there are many people will know that they are storing some Bitcoins in their wallets. And also they will not sacrifice their money in their own risk. So they will keep Their mouth silence and always humble. They will act as a normal and we don't know that they are a big Time investor.

Keeping it secret is one way of protecting ourselves from risks and aggressive attacks from hackers. While we expose ourselves publicly, the more it attracts attention to evil people, and even some of our friends may think differently. Perhaps, we can live peacefully and the ease of not thinking somebody is watching us. If we keep our life low, people don't mind us but if they see us changing, that certainly makes them wonder what we did and what we make a living. We can make proud of ourselves of our great achievements silently, there is no need to tell others and let them know.

[Blitzboy]

. Don't go blabbing your mouth to everyone about your Bitcoin stack.

your financial worth should necessarily be a private affairs that's only disclosed to a selected few that are primarily close enough to get access to such information. It's never about Bitcoin. Do you go around telling people how much you have in your bank account ? For me, no one has the right to get those kind of information about me except my wife and probably my kids when they are matured enough but outside of that, we keep things as as straight as possible.

The only issue is that we get a bit valnourable in the midst of those that are Bitcoin investors like us and we might get in a situation where we become too free and open to tell them the quantity of our stack because we believe they are also stacking with us. It's an area we should be mindful to know that anyone can change and become an enemy that's just after stealing of our holding.

Nobody likes to have their finances on full display. I get that. But in Bitcoin, there are some differences. Some folks say keep your holdings secret, but the smartest investors, the best in this game, find power in strategic openness. Its about trust, its about building a strong community.

Bitcoin is different from the traditional banks. Things are out in the open, thats the nature of the blockchain. We need to be smart, careful about what we share, nobody's saying be reckless. But sharing knowledge with the right people? Thats not a weakness, thats how you build strength. Knowing who's got big stakes in Bitcoin lets us watch each other's backs, helps us all stay secure. Privacy's important, but dont mistake it for being an island in this decentralized world.

[GbitG]

Nobody likes to have their finances on full display. I get that. But in Bitcoin, there are some differences. Some folks say keep your holdings secret, but the smartest investors, the best in this game, find power in strategic openness. Its about trust, its about building a strong community.

Yes, but telling every person you meet about your Bitcoin isn't community building in my opinion, and that is what we are discussing here. One isn't supposed to share how much money they have with every other person, and when it comes to cryptocurrencies, it should be hidden at all costs because those who don't know much about cryptocurrencies and have only heard about it from here and there think it is a lot of money even if you tell them about a coin that isn't worth a lot, and such things can be dangerous if one of those people you discuss it with has evil intentions.

This is why, it's important for Bitcoin and cryptocurrency investors or even anyone in general to avoid discussing their finances with people around them only out of excitement or to show off because you won't achieve anything but this might become a problem for you later on.

[Gladitorcomeback]

Dude, bragging about your Bitcoin is basically handing out a target sign. The world's full of folks who wouldn't mind "borrowing" your crypto if they knew how much you were stacking.

When I explain Bitcoin to people, I pull out my "dummy wallet" - the one with like $5 in it. Main wallet? Invisible. Close friends? Love 'em, but my financial life stays private. A best friend might accidentally (or not-so-accidentally) let something slip, and boom, next thing you know you're looking over your shoulder 24/7.

A very large percentage of Bitcoin and cryptocurrency holders tend to show off which is the reason why they disclose their private information and details in front of people which isn't a good thing because as you said, this will make one become the target of one of those people who might have bad intentions or have evil ideas in their mind after knowing this reality, so it's better if a person hides their financial status and financial holdings from everyone.

I don't even feel comfortable discussing my finances and holdings with my family members and the reason behind that is certain things are better if kept private and aren't discussed with anyone and I believe finances and financial activities are one of those things. This is why I never discuss what I do with my money, how much I earn, where it comes from, etc., with anyone.

[bangjoe]

What if everything was in the open:

Person A +2 million
Person B -2 million

Person B claims to have been robbed for 2 million,

Do you believe Person A is in trouble ?

I don't think it's that simple in presenting the problem that the OP is trying to convey, things like what you said can be overcome easily if the case is like that, and to anticipate this problem is not to share how much bitcoin we have then store bitcoin with strict security, only you know where you store your seed pharse, that's enough, especially if you use a Multi Sig Wallet you don't need to be afraid of that kind of thing.

After all, cases like the one you described can be read, however, transactions on the blockchain can be traced and where the bitcoin is going, so you don't need to be afraid, but if someone has the intention of cheating you, you certainly have to know how the blockchain works.

[Zanab247]

Owning Bitcoin means you must take full responsibility for it. You can't say it to many people because you don't know who is sincere towards you. By storing your Bitcoins carefully, you have protected your Bitcoins from bad people who want to steal them.

You have the right to stop people not to have access to your BTC by creating a solid password to all your laptops and phones, that will prevent people not to see your wallet which nobody can touch the BTC apart from only you, And, you still have the right to allow people to have access to your BTC by showing them all your details, they can use to withdraw your BTC from your wallet without your permission.

Currently, the price of Bitcoin can make people curious and want to own it. Store your Bitcoins in a place completely protected from people you don't trust.

Especially, this price that hit $73k last month that made the price to break record as the highest price investors have ever experienced from cryptocurrency, and it has made many people to prepare for the upcoming bear season so that they can use the money they save to buy and hodl for the bull run to occur before they can sell to earn from the market again.

[HideYourKeys]

I completely agree with you mate, you should not brag about anything, in general, but in this case, bragging about bitcoin could be dangerous

[Ale88]

Owning Bitcoin means you must take full responsibility for it. You can't say it to many people because you don't know who is sincere towards you. By storing your Bitcoins carefully, you have protected your Bitcoins from bad people who want to steal them.

You have the right to stop people not to have access to your BTC by creating a solid password to all your laptops and phones, that will prevent people not to see your wallet which nobody can touch the BTC apart from only you, And, you still have the right to allow people to have access to your BTC by showing them all your details, they can use to withdraw your BTC from your wallet without your permission.

It's not that simple: if someone, somehow, discovers that you own many bitcoins, and this person is a criminal, there are many ways for him to get his hands on your bitcoins without the need to know your passphrase, password, pin, or whatever. And once he convinces you somehow to make the transaction then you lost everything, there is no way to get them back. So what you're saying is true in an anonymous environment, if someone knows who you are then everything changes.

[The Cryptovator]

The situation is quite bad in my country. We even can't share that we are related to crypto because cryptocurrency is illegal in my country. So there is no question about sharing our holdings with anyone else. However, personally, I don't share, even with my nearest friends, how much I hold. I like to maintain maximum privacy when it's related to cryptocurrency. I just believe in myself and my family. But my family also doesn't know how much I am holding right now; they just know I am involved with cryptocurrency.