Post
Topic
Board Bitcoin Discussion
Re: STOP telling people how much Bitcoin you have
by
pawanjain
on 14/02/2024, 15:19:34 UTC
I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have.  Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

I see so many people that come around here sharing how much bitcoin they own...don't.  Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own.  Being transparent about these things can be harmful to you in a multitude of ways.  As an advisor this is something I tell my clients all the time.  Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

I see where is that coming from. Even I have seen those reels where people walk to strangers in luxury cars or big houses and ask them what they do for a living.
Some people even answered crypto. Speaking about your finances in public can be really dangerous.
It is a basic rule which everyone should be aware of. If people are still speaking about it publicly despite knowing this fact then let them be prey to fraudsters.