DO NOT BRAG ABOUT YOUR BITCOIN

[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?