Post
Topic
Board Bitcoin Discussion
Re: What if people already know you hodl alot of coins
by
Jubilee58
on 25/09/2025, 10:44:33 UTC
One of the top security tips for holding bitcoin is not to let anyone know you are holding it as it will endanger both your life and your coins.  Then this taught comes in, what if your holding is no longer a secret, how do you manage such condition? How do you secure yourself and your coins?

Well, I composed this as suggestion to help vulnerable members who failed to take precaution of one of the most important security tip. I will divide this into two sections;

1. Wallet security
2. Physical/Personal security


1. Wallet security: Since people are aware you hodl bitcoin you should be strict with your wallat security. The following suggestions should help;

a. Use Multisig Wallets: Of course you know that in multisig wallets, multiple private keys are needed to sign transactions before the coin can be used or spent. This will help prevent prevent a single compromise or coercion from draining all your bitcoin asset.

b. Segregating Holdings: splitting holding can also be of help. Store large bulk in cold, hidden storage and then keep a small portion on a hot wallet for day to day transactions this way, if you are ever forced to send some coins only a small portion of it will be at risk.

c. Diversify Brands of Hardware Wallets: Some coins can be stored in Trezor while the remainder can be stored in Bitbox as the case maybe. This way, bug or an exploit in one type will not compromise everything.

2. Physical/Personal Security: As we all know, robbery is always associated with physical assault, so here are some suggestions that may reduce the possibility of such occurrence.

a. Install security devices such as CCTV cameras, alarms, motion sensor, etc as this will help you track strange activities around you.

b. You can also employ trusted security personnel or bodyguard if the threat level justifies this, especially if you are a public figure.

c. Also ensure to keep you location and travel plans undisclosed in order to reduce profiling by potential attackers.

d. Should there be any need to relocate from your existing neighbourhood? Please do, your potential attacker might just be your next door neighbour.

Note: These are just suggestions and not exhaustive as well. Feel free to contribute your ideas as well.

Please stay safe and be guided.




I think in kind of situation where you are already known for holding a lot of coins, and for you not to become vulnerable to attackers or scammers, your cryptocurrency wallet or portfolio have to be very well protected, and you can do this by keeping your private keys safe and secured, and do not expose it to any one else except your trusted ones.

Migrating to a different environment can also be helpful, as some environment can make you and your cryptocurrency asset vulnerable to attack, so migrating to a safer environment could be another protective measure.