This is one of the worst things we do. I usually shared with my friends how much I was holding at that moment when I was new to Bitcoin. But the government banned any kind of cryptocurrency transaction in my country. So, I am trying to keep my privacy as much as possible. The mobile device becomes a problem at this moment. We use it, and there are several crypto apps, and my browser history also shows I am a crypto user. Anytime, a random police check can bring me to jail.


The problem is people know Bitcoin is easily accessible, and it takes no longer than ten minutes to transfer the funds, and once done, it cannot be recovered.

"Consequences." When people make some mistakes out of their ignorance, they face the consequence of their action. Bitcoin is something that you can own without involving any third party and it's not something you can trust with someone that you don't actually trust to the root, even giving off ones investment information to your kids who are not yet of age is very risky because children talks and they can actually give up the information at the wrong place and wrong time. The person that got kidnapped and asked to pay ransom in Bitcoin, had an internal enemy who already knew how much of Bitcoin he has got. For example, you can not kidnapp someone who have just $100 worth of Bitcoin investment and ask them to pay ransom in Bitcoin.

"Consequences" gives a strong message about how important it is to protect investments, especially in the Bitcoin world, which is very chaotic. Its a strong warning that when it comes to digital assets, ignorance is not bliss and serious consequences happen quickly. Without outside interference, an autonomous currency can be both helpful and harmful if it is used incorrectly.

Using the example of the kidnapped person as an example, the internal enemy is a dangerous threat that is often ignored. Securing your assets while protecting your privacy is a difficult balance to strike. To teach caution without encouraging fear, what should we do? As the talk you start goes deeper into managing cryptocurrencies, our strategies need to be reevaluated.

Showing off what we have will certainly make us uncomfortable in living our lives because it can become a target for those who have evil intentions towards the assets we own. There is no point in seeking recognition from other people because you will not gain any benefit from other people's recognition.
Indeed, there is no harm in discussing Bitcoin with anyone and teaching it to everyone because everyone can collect it and can benefit from Bitcoin. you are right, we don't need to tell everyone about our Bitcoin ownership.

That's true, there's no essence for you to show off what you've got whether they are other assets that you have or the Bitcoin holdings that you own. It feels unsafe if you're going to do that at this time and it shouldn't be done by anyone for your safety. I think it's best to keep quiet and be happy with what you've got while leaving these people on their thoughts that you've got nothing.

Just put the discussion into being optimistic about the tech and Bitcoin but never get so optimistic in front of them as if you've been holding millions of it because they will notice you.

I mean it's your relatives among all those people, it's really such a shame and I think it should not really be such a situation for most people. I am not saying your relatives should not harm you, but if you can't share the good news that you are doing better with your relatives then you should definitely share it with anyone.

I believe that we are not going to end up with anything that would be a lot more riskier than that, we should be just hiding it even from our spouse if we can. That's what I aim to do, not that I have anything but if I ever get rich one day, I am going to just hide it from my wife as well, and just make sure that I can leave some good amount for my family after I pass away, because I know that if I tell it to my wife, she will spend it all in five minutes lol. So I will make sure we live a good life, pay everything like I am earning a salary, probably act as if I make a little bit more than usual, but nothing major. I make about 1k a month right now, and I will act as if I am making 2k a month, and that's it.

In a case like this, I would recommend having some sort of decoy wallet, and hope that the attacker/kidnapper (or relative in this case) finds that amount enough... You could even tell them that it's all a lie, and all you have is the amount in the decoy wallet... and that you only wanted to brag a bit about it 

Nothing special in that, as this can't be only bitcoin, if a person only have money the thief can ask for his money too, whether he have any other way of investment. Also, sharing the money with other people can't give a person profit as we have seen that that in this world people can only ask about your money that how much you earn but can't tell of his own.

But how could the theft kidnapped your relative and how could he directly goes to know about the bitcoin holding of your relative? Are the kidnappers were so cool that they have knowledge about the bitcoin and the crypto field? Or this is just a story you told us to stay safe from telling our holding to anyone?

Can I see the news because I searched but didn't find any related articles about this.
But indeed the most important lesson in this case is not to overexpose what you have is an important thing because after all when talking about bitcoin then surely we already know what anonymity is so why make your own condition more difficult because of showing off ownership by exposing the portopolio that we have just for a moment of exposure and popularity.
Currently, something like this is quite rampant where bitcoin is used as a place to show that they have considerable assets even though it will invite something that is not wanted.

I feel that's just show off and carelessness because I see no reason why he should show his sweat to not just 1 but more than one of his relatives. Definitely it would spread and they can do anything just to get hold of his money. Your passcode or anything concerning your wallet or anything that you feel you're using to secure your assets shouldn't be shown to nobody but one person that it can be shown to, just that person you trust with your life, that should be YOU and nobody else.