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Author Topic: DO NOT BRAG ABOUT YOUR BITCOIN  (Read 1152 times)
bangjoe
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April 14, 2024, 08:08:06 PM
 #141

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.

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Zanab247
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April 19, 2024, 05:56:07 PM
 #142

Quote from: 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.
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.

Quote
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
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April 19, 2024, 06:04:27 PM
 #143

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

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Ale88
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April 21, 2024, 07:10:03 PM
 #144

Quote from: 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.
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.
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April 21, 2024, 07:18:08 PM
 #145

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. 

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