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. Its no one elses 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.