Post
Topic
Board Speculation
Re: Out of prides, investors endangers themselves.
by
Marvell1
on 22/06/2024, 08:37:16 UTC
I think this my newly investor friend was out of pride and just wanted to make this other guy feel regret but does not know the dangerous implications he has just made upon himself and his Bitcoin assets.
It is unfortunate for investors who lives this life of proving themselves to people just to make them believe on their investment.
We don't know if he did what he did out of pride or by sheer attitude of trying to convince the doubting friend about bitcoin with a proven evidence directly from his wallet. One thing is here is certain, you didn't preach to him about privacy with bitcoin and how important not to comprise on it.

While we brush people up about how profitable bitcoin can be to them if they invest long we should with that approach enlighten them too on the tenets of how to safeguard their investment from public notice because privacy is peace.  The more people don't know about your finances the more peaceful and secure live becomes for you.

I wouldn't blame the OP in this case because he didn't mention privacy to his friend. Even if it is not bitcoin but another asset/investment, it is his decision whether to share it with others or not because if he had a boastful personality, he would do it with other assets as well, not just with bitcoin.

But you're right, we don't know what his real intentions are, is he bragging or just wants to convince the other friend. But regardless of his intentions, revealing his assets to others is a huge risk even if it is not bitcoin. Not only should we keep our bitcoin investments a secret, but we should also refrain from flaunting our wealth under any circumstances and to everyone.
Well, we are all making assumptions still, and the appropriate person to rightly declare his position to end our assumptions of if it was done out of pride or not is the guy in question, which unfortunately we can't reach the mysterious guy. Though Op on his own part alleged to have given him a comprehensive guide.

OP is the one who introduced him to bitcoin and I think OP should contact him first to confirm about it before getting negative thoughts and accusing him of bragging. Although he was wrong to share his bitcoin balance with others, if he just wanted to convince others to invest in bitcoin, if he has good intentions, OP only needs to give advice and not necessarily give harsh criticism and spread this on the internet.

Nevertheless, we shouldn't risk our privacy in the process of trying to prove a point mostly when it concerns money. There should be a limit to what we can expose to friends and family as we can't really read their inner thought towards our success. At this era with how widespread the word bitcoin has penetrated into diverse corners of the society there is no need working up ourselves to convince anyone about investing.

But it happened anyway and his privacy was violated. I guess the guy who hasn't invested in bitcoin will continue to tell many other people about this and this will be a big lesson for this guy.

Introducing bitcoin to someone is not necessarily bad, but convincing them to invest is a bad idea because we do not gain any benefit from it and can even endanger ourselves as in this case .