Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Do not share your bitcoin holdings with everyone
by
ancafe
on 29/11/2023, 18:29:03 UTC
⭐ Merited by JayJuanGee (1)
I was listening to a news that one of the relatives of a person kidnapped him and asked him for bitcoin in ransom. This happened because that person showed his bitcoin holdings to many of his relatives and news spread among them that he has lot of money invested in crypto. Though, finally funds were recovered from that guy but he could have even lost his life in the whole scenario. Thus, you should be careful with disclosing about your bitcoin holdings to everyone.
Not everyone likes to see you have a lot of money so spreading bitcoin ownership to other people is not a good decision. We never know how people will take advantage of our weaknesses and when they have the opportunity they will blackmail us for personal gain. Being anonymous when involved in bitcoin would be much better because the level of security would be much more guaranteed and showing off bitcoin ownership to other people is quite reckless behavior.

This does not only apply to cryptocurrency or more specifically to bitcoin because wealth is a level of security that we need to maintain and if we are negligent and continue to expose ourselves, people will look for loopholes to blackmail us. Always be alert and careful because being anonymous will be much safer than showing off the arrogance of having some bitcoins.