DO NOT BRAG ABOUT YOUR BITCOIN

[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.

[1714951452]

1714951452

[1714951452]

1714951452

[1714951452]

1714951452

[1714951452]

1714951452

[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.