DO NOT BRAG ABOUT YOUR BITCOIN

[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.