Your Bitcoin Security is not only Digital it is also Social

[Joeboy]

When some of us hear about Bitcoin's security, what mostly comes into mind are things like seed phrase, cold wallets, private keys, self custody( not your Keyz not you coins) etc. infact  ehn they are even part  of the most discussed topic on this forum...... But then alot of people have lost their Bitcoin not because of digital hack alone, but also coz of too much social exposure or better still let me say too much "talking talking ."

In this our very own country where lots of people still don't fully understand what Bitcoin is, sometimes ehn  our biggest security risk  lies in who knows you are accumulating Bitcoin. Some lots talk too freely about their Bitcoin holdings, brag about their already realized profits, some even go as far as posting this profit online( just to get the attention of more student or whatnot) forgetting that physical and social risk exist too. When it concerns Bitcoin Security, let's always know that- Nobody is your friends, even the once that smiles and laughs with you( anybody can turn against you in just a split of seconds), and as such it's best that we always control how we talk about our holdingz, who we trust and also the kind of neighbourhood we live in.  This is coz a very single careless conversation can totally joepadize one's Bitcoin holding.  infact ehn friend and family can even unintentionally expose you.

That is the reason why when we are  talking about Bitcon security we must also consider the social aspect ( not just the digital aspect,), which entails- keeping a low profile, avoiding unnecessary financial talks that you can easily avoid etc.......SILENCE IS ALSO A SECURITY STRATEGY, lets us always remember this.

[Karl_3000]

What you are talking about is privacy and not security. You can make use of search engine like Google search or Duckduckgo to look for the meaning of the two and why they are different.

Security and privacy are very important because if you do not have either of the two or any of the two, the probability that your bitcoin can be stolen from you is very high.

[Joy- maker]

You are very correct keeping a low profile as a bitcoiner is very necessary, no need to tell the world that you are holding so so amount of bitcoin, because it's not necessary, and if you do you are exposing your bitcoin holding to thiefs, and scammers, even hackers, and from that  day up ward you then become a target, and a lot of people who got scammed or who their wallets got hacked by hackers and their bitcoin was stolen was as a result of posting about their bitcoin holding on social medias, bragging over nothing and they landed themselves in that mess, and when ever we go out there telling people about bitcoin and it potentials it is not necessary we tell them the amount of bitcoin we are holding currently, because you might be exposing your holding to a thief or hacker that may start targeting you or you end up been kidnapped and forced to give them access to your bitcoin holding, so let's embrace low profile as bitcoin enthusiasts.

[Donk1]

It's certain that being a gray man is the best option right now because then you will often stay on the low key , you will avoid personal information ,communication,and only relate with people but don't trust them to the extent that you will start revealing your holdings....

That's why it said that we should always avoid anything that can cause an argument in public relating to your bitcoin or even our personal life because, most times, we often say things we are not supposed to just because of argument. That's just it being silent is another strategy of being a bitcoiner.....

[Creeper0]

Should this only be the case with Bitcoin? We should never reveal our total wealth to people or talk to anyone. This increases the chances of theft, robbery or kidnapping. Even revealing your wealth to the public can lead to your death, because people close to you want to snatch your wealth in exchange for your life.

Bitcoin is a digital asset, without the key, it may not be profitable to steal it. But it is possible to snatch that key by kidnapping or torturing you. When you reveal the amount of your wealth to people, you are increasing the possibility of danger to you and your family. Especially when you tell people about hidden wealth, be sure that you are going to come into the eyes of people very soon or you have already come into the eyes of people. So never brag about your wealth or advertise it to make yourself look big, only you know what you have.

[Mate2237]

You made a very important point, because a lot of people has lost their Bitcoin and in worst case scenario gotten themselves harm because of lack of social security as you have rightly put it. It's good that we talk about what we do and practice as a way of creating awareness about Bitcoin, but we must be very careful about the way we go about it as Nigerians we now of the environment that we have found ourselves.you don't know the next person that is behind you or even the person you are trying to talk to about Bitcoin the heart of men are very wicked, so in as much as you are spreading Bitcoin do it with wisdom.



Doing it with wisdom implies that, you should have a limit to which you should tell people about your journey in your Bitcoin accumulation Such as how much you have used in investing into Bitcoin and the profit that you have been able to realized so far and most importantly we should not allow our phone's to bein the hands of strangers for too long. All these are part of the social security.

[Agbamoni]

So true..self privacy and anonymity is very important. As a bitcoiner, avoid sharing any information that involves your portfolio to anyone, even if they are the closest person to you. Sometimes the information dont come directly from you by spoken word. Most people share their portfolio information unknowingly because of clumsiness. For example, when they open their wallet in public areas, where people can glance on it. We just have to be careful, anywhere we are, no one is expected to see our wallet.

[CryptoHeadlineNews]

When some of us hear about Bitcoin's security, what mostly comes into mind are things like seed phrase, cold wallets, private keys, self custody( not your Keyz not you coins) etc. infact  ehn they are even part  of the most discussed topic on this forum...... But then alot of people have lost their Bitcoin not because of digital hack alone, but also coz of too much social exposure or better still let me say too much "talking talking ."

In this our very own country where lots of people still don't fully understand what Bitcoin is, sometimes ehn  our biggest security risk  lies in who knows you are accumulating Bitcoin. Some lots talk too freely about their Bitcoin holdings, brag about their already realized profits, some even go as far as posting this profit online( just to get the attention of more student or whatnot) forgetting that physical and social risk exist too. When it concerns Bitcoin Security, let's always know that- Nobody is your friends, even the once that smiles and laughs with you( anybody can turn against you in just a split of seconds), and as such it's best that we always control how we talk about our holdingz, who we trust and also the kind of neighbourhood we live in.  This is coz a very single careless conversation can totally joepadize one's Bitcoin holding.  infact ehn friend and family can even unintentionally expose you.

That is the reason why when we are  talking about Bitcon security we must also consider the social aspect ( not just the digital aspect,), which entails- keeping a low profile, avoiding unnecessary financial talks that you can easily avoid etc.......SILENCE IS ALSO A SECURITY STRATEGY, lets us always remember this.

Yes, you are absolutely right about what you just said above regarding Bitcoin security and how too much social exposure can result to you losing your Bitcoin if your enemy happens to know how much Bitcoin you own. Because just of recently, there was a news about a teenage youth who was robbed off over $850,000 while at the airport from his Binance account and even went further to deleting his Binance account to prevent him making further request to confiscate that exact fund. Because it's now I'm getting to understand why Satoshi Nakamoto decided to stay anonymous, knowing fully well how risky he would been knowing he owns over 1million Bitcoin in possession, because I'm 100% he could have either be sue by the US government and arrested and kidnapped and taken away all the Bitcoin he holds. Hence, it's good and advisable to always remain private with your funds. Keep it to yourself and yourself alone.

[Coyster]

This year we don read about plenty cases wey dem kidnap person, force am to send the kidnappers all him money. Most of these cases happened in France and it raised awareness that kidnappers are watching and they would not hesitate to attack if they believe someone has a lot of crypto in their portfolio.

That said, if you no wan be victim of a $5 wrench attack, no talk too much about your crypto hodlings. E fit even be say you no get too much money in crypto, but so many people dey ignorant, the moment you mention bitcoin, then go just believe say you dey rich.

[WhoYouCantKill]

This point is very essential and often overlooked. Because security is not just about wallet and keys it's equal about personal discretion. In area where being aware or Trust is low, over sharing can make you a victim of theft, scams, or maybe physical threats.
You're correct: silence is a firm layer of protection. Staying in a low profile, staying away from money talk, and keeping your holdings to yourself can do more to keep you safe than using any hardware wallet would ever. Sure Bitcoin security involves both digital and social discipline.

[Hardyrobust]

The reason why some people dey brag about there bitcoin for social media na mostly as a result of lowbsef esteem. Dey want make people dey look highly on them, without them knowing the risk that comes with such action. People should learn how then fit go control there mouth for public. Before hackers go even hack person dey done get plenty information about the person, when person wey get bitcoin come dey use there own hand dey put themselves for risk by giving out information about there bitcoin holdings. Yes OP, at times silence dey very necessary ooo in securing bitcoin.

[Stepstowealth]

who we trust and also the kind of neighbourhood we live in.

Considering the level of insecurity all around us and in our country, you just have see yourself as a target by the time you start accumulating a lot of bitcoins, this is why it is important for you to be more security conscious about the people you tell of your investments in Bitcoin, the environment you find yourself as well because even the people you consider your friends and your close family members that you confide in, can betray you for the slightest reasons even down to jealousy.

When it comes to the environment immediately you notice that you seem to be the most financially comfortable or investment conscious person in the environment that you're in, that should be your cue to begin consider moving to another environment where there are more persons doing better than you are to lower your security risk.

[Ronsbit]

This year we don read about plenty cases wey dem kidnap person, force am to send the kidnappers all him money. Most of these cases happened in France and it raised awareness that kidnappers are watching and they would not hesitate to attack if they believe someone has a lot of crypto in their portfolio.

That said, if you no wan be victim of a $5 wrench attack, no talk too much about your crypto hodlings. E fit even be say you no get too much money in crypto, but so many people dey ignorant, the moment you mention bitcoin, then go just believe say you dey rich.

These days, you no longer even need to mention Bitcoin; the lifestyle you live alone would attract people to you, not to mention when they hear that you are into crypto and your lifestyle is such a luxurious one, you would definitely be a target for them. So it is good to try to live a moderate lifestyle so that nobody would be able to detect or know your worth. It would be best if they are left in their thoughts and not be able to ascertain your net worth.

[Cryptomultiplier]

This year we don read about plenty cases wey dem kidnap person, force am to send the kidnappers all him money. Most of these cases happened in France and it raised awareness that kidnappers are watching and they would not hesitate to attack if they believe someone has a lot of crypto in their portfolio.

That said, if you no wan be victim of a $5 wrench attack, no talk too much about your crypto hodlings. E fit even be say you no get too much money in crypto, but so many people dey ignorant, the moment you mention bitcoin, then go just believe say you dey rich.

These days, you no longer even need to mention Bitcoin; the lifestyle you live alone would attract people to you, not to mention when they hear that you are into crypto and your lifestyle is such a luxurious one, you would definitely be a target for them. So it is good to try to live a moderate lifestyle so that nobody would be able to detect or know your worth. It would be best if they are left in their thoughts and not be able to ascertain your net worth.

Na low key lifestyle be the Koko o, because every person wey you meet for street these days eye dey chuk and the worst part na when you dey shine pass Dem and then no know how you take dey do am.

In a social gathering mostly, be careful the way you unlock your devices and scroll through, because prying eyes may be fixed on you operating your device just to see the apps that you use so as to explore them secretly. One funny thing about crypto apps is the logo they carry and the names they bear and anyone who is smart enough to see such on your device may know you are into crypto currency without even saying it and that's already an exposure of sort that you do not want if you consider your security as well as the safety of your holdings as paramount.