Post
Topic
Board Bitcoin Discussion
Re: STOP telling people how much Bitcoin you have
by
SOKO-DEKE
on 14/02/2024, 17:27:07 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.

The more you reveal about yourself, especially concerning your financial status, the greater the risk of attracting adversaries. When people become aware of your wealth, it may entice them to plot future attacks, particularly if they are close acquaintances aiming to exploit your possessions. It is prudent to refrain from disclosing sensitive information, such as the quantity of Bitcoin in your possession, as Bitcoin transactions are inherently private. Instead, it is advisable to deflect inquiries or remain silent when confronted with such probing questions.

Engaging in discussions about your financial holdings with others, especially those who inquire insensitively, may only serve to expose you to unnecessary risks and potential exploitation. Therefore, it is wise to exercise discretion and maintain a level of secrecy regarding personal financial matters, safeguarding oneself against potential threats and preserving one's privacy and security.


I see so many people that come around here sharing how much bitcoin they own...don't.

Yes, I have witnessed many threads like that there in this forum,but I think the threads were just about sharing their happiness as their opportune to purchase their first bitcoin, but all those threads were created for merit-based Merit purpose.But now that they see that those types of threads are not attracting merit again, I think they have stopped creating those types of threads because it has been a long time since I came across them.