At first glance it doesn’t sound bad to tell other people that you own Bitcoin, but there are some details to keep in mind:


Telling all of your friends might not be a good idea

Even if they are your friends you should be very careful if you tell them about your crypto holdings.

As always, there are also those who quickly become jealous, especially if they think that you are rich (but you aren’t) and start begging that you could give them some of it. This can lead to distrust and a previously good relationship can be permanently damaged.

Or in opposite, we all know some of them can’t keep a secret and tell it others and they are telling it others again. Then, it’s possible that people get to know about it, who are jealous / have a bad relationship to you / or are just criminals and plan a robbery to get your crypto.

After all, the more people in total know about your holdings, the more likely it gets bad people find out about it.