Why you need to keep your crypto investment discreet

[sokani]

There's a proverb saying "easier to get, easier to lose".

This one is the example, she choose the easy way to make money where she only need to show her body to everyone. Since she didn't anyone will do bad to her because she has been showing his body to public since many many years, she didn't expect there are three people want to steal her cryptocurrencies.

Her line of work makes it even worse. I don't know about other places but in my country, they're very vulnerable to attacks. I hope she make better choices next time. After what happened, I would expect her to quit her escort job and relocate to a new place.

Immediately I saw the screenshot of wallet and finding out it’s on exchange I immediately thought this person definitely needs more education about privacy overall than just not showing off their assets, this funds can be stolen even without physical attacks through social engineering because I am very sure any hack who gets through the email can get to the account.

You're right and I can think of many ways this can happen.

Unfortunately, in my country, we have a "Pothen Esches" (Source of Funds) declaration requirement. Those of us involved in public affairs—such as journalists like myself, who run news websites—are legally obligated to declare everything, including safe deposit boxes, bank accounts, land, houses, and other assets.

Yours is different because it's only selected few would get to know what you're worth but in her case she uploaded it for all eyes to see.

Oh my Gosh.
211.04 BTC was a huge holding out of the total 21 million BTC. I hope she seeks the authority and blockchain analysis expert for help so she could get back the crypto,

The robbery was not successful.

[aylabadia05]

Are you doing it to show off? Think again. Do not put your life and that of your loved ones in danger. Be discreet with your crypto investment.

To keep it from the public is part of a privacy that must be done by us who invest. Of course, this is to protect ourselves from malicious attacks in the internet world. It's not just about expensive and valuable assets like Bitcoin that need to be guarded, personal identity is also not good to show off.

[Renampun]

I ask those who flex...

what's the point of telling people how many bitcoins you have!

why do you need validation for it so badly!

don't you care about your life or your family's?

I have never told you how much crypto portfolio I have, although it is not much but I still want to live in peace for a long time.

[Victorybit1]

When it comes to your assets it's something that must be kept private especially if you have a very huge amount of money in your wallet or exchange. People make the mistake of showing off their portfolio boy knowing that it attracts hackers and thieves. Somethings should be kept away from people and also on social media. Everything about your crypto investment must be kept as a secret. This is why there's something called a seed phrase, it was created to make sure that unauthorized people can't have access to your investment. Whatever is in your portfolio should be known by only you.

[Wakate]

Are you doing it to show off? Think again. Do not put your life and that of your loved ones in danger. Be discreet with your crypto investment.

To keep it from the public is part of a privacy that must be done by us who invest. Of course, this is to protect ourselves from malicious attacks in the internet world. It's not just about expensive and valuable assets like Bitcoin that need to be guarded, personal identity is also not good to show off.

Keep your crypto portfolio is a very crucial privacy we need to keep on to because it is unwise to let the public know how much you are holding. There are hackers that have sophisticated malware that could disrupt our gadgets with just a click. This is one of the ways many hackers use to steal from their victims. This is why we keep seeing exchanges getting hacked because hackers can read the worth of the exchange and the destination of many of their crypto portfolios because it is easy to track. If the exchange does not have a string security level, it could be easy for hackers to take advantage of the exchange and steal from them just like the way we have seen with Bybit and similar exchanges that had been hacked.

[Hazink]

You can flaunt all you want online. It's your real identity you shouldn't flaunt.

It's okay to flaunt your holdings online on a forum where nothing can be linked to your real identity, not in a place like X (formerly known as Twitter), where you can easily be traced, or in one way or the other you can make a mistake of posting an image that discloses your location, and you can be tracked from there; it's better to just avoid it and remain anonymous.

[mvdheuvel1983]

When it comes to your assets it's something that must be kept private especially if you have a very huge amount of money in your wallet or exchange. People make the mistake of showing off their portfolio boy knowing that it attracts hackers and thieves. Somethings should be kept away from people and also on social media. Everything about your crypto investment must be kept as a secret. This is why there's something called a seed phrase, it was created to make sure that unauthorized people can't have access to your investment. Whatever is in your portfolio should be known by only you.

It doesn't have to be huge amount before you protect your wallet besides if you lose the little amount you have as your assest it will be difficult for you to keep investing again if you consider how you lost the money you made and how it will take you time to make such money again. Any one who is found exposing what he has in his portfolio either on social media or to friends is already attracting bad people towards himself because they will definitely plan on how to steal from you since they already know the amount of money in your wallet they will begin to do things that will enable them get access to you then so they can easy execute. Everything about your cryptocurrenf should be your top secret, because it will help you to stay aware from but emm

[aoluain]

I ask those who flex...

what's the point of telling people how many bitcoins you have!

why do you need validation for it so badly!

don't you care about your life or your family's?

I have never told you how much crypto portfolio I have, although it is not much but I still want to live in peace for a long time.

Exactly, I just dont understand why people advertise the amount of bitcoin they
have. Anyone can lie about it anyway so is everyone going to believe them?
They obviously dont understand that. and they dont understand the possible
pitfalls like in the OP.

You dont see wealthy people advertising their bank balance or the list of
addresses of their investment real estates.

Advertising your Bitcoin balance to me is something a juvenile would do, its
childish, its not classy either.

[Truthlovecoins]

We should endeavor to keep not just only our crypto investment discreet, but also other financial investments and plans that hasn't yet reached fruition.
Worst of all showoffs, is when one wears gold and maybe other expensive kinds of jewelries and flaunts them in an unsafe place without thinking of taking them off or hiding them in order to avoid being burgled.

A thief might just be the closest person too if we ain't careful about disclosures sometimes also.

[livingfree]

The other post was already deleted by Amouranth.

I ask those who flex...

what's the point of telling people how many bitcoins you have!

why do you need validation for it so badly!

don't you care about your life or your family's?

I have never told you how much crypto portfolio I have, although it is not much but I still want to live in peace for a long time.

Thanks to social media, the respect of people is going to get you a lot of likes and clout. And I guess she being an influencer is that one reason why she has flexed her holdings.

If I own that much, I'll disappear.

It's real, that should be the main thoughts of many big holders here and everywhere. To disappear without being noticed while having some steak and living a peaceful life.

No need to brag but that's what the society means now, they want you to brag everything.

[aylabadia05]

<snip>

This is why we keep seeing exchanges getting hacked because hackers can read the worth of the exchange and the destination of many of their crypto portfolios because it is easy to track. If the exchange does not have a string security level, it could be easy for hackers to take advantage of the exchange and steal from them just like the way we have seen with Bybit and similar exchanges that had been hacked.

It is definitely not advisable to keep assets on an exchange. There have been quite a few big and well-known exchanges that have been hacked as a valuable lesson to be aware of, unless you are an active trader.
Like to market assets to the public is the same as telling the public to get a loophole for unwanted things to happen.

[nakamura12]

It is definitely not advisable to keep assets on an exchange. There have been quite a few big and well-known exchanges that have been hacked as a valuable lesson to be aware of, unless you are an active trader.
Like to market assets to the public is the same as telling the public to get a loophole for unwanted things to happen.

It's not just exchanges being hacked that is why not advisable to store in an exchange but also it's because you don't have full control of the wallet like the seed phrase or private key of the wallet address where it is deposited in the exchange. It is not the only case where someone got robbed because they know his/her assets so it's really not advisable to show your assets publicly or the person who did it might get robbed once someone who have seen it have bad intention to take the assets by robbing the owner of the assets.

[Questat]

It's always wrong to show off, whether it's about your Bitcoin holdings or bank account balance or gold investment or even talents and skills. There is really no point showing off. Other than the fact that you're attracting criminals and law enforcers alike, you'd only be subjected to all kinds of judgements, speculations, gossips, and whatnot. This is true whether you're showing off openly or anonymously. It's always an invitation to trouble.

Indeed showing off will only make your life miserable, maybe not now but the threat will always be there. So it’s best to just stay low key and live a simple and calm life. That way, you can even focused more and increase your wealth in bank or crypto. While for those who keep flaunting whatever wealth they currently have, you are only putting your own life into danger, and even the lives of your family and loved ones.

[bittraffic]

Showing off even to anyone offline shouldn't be done because you just don't know who hates you secretly. People hates the one who succeeds faster than they expect.

And if its the criminals who discovers you have money kept for yourself, you're in danger. There were many examples of these already where the robbers hold the victim at gun point and took his wallet. Don't let this happen to you all because you show off.

[Fara Chan]

Are you doing it to show off? Think again. Do not put your life and that of your loved ones in danger. Be discreet with your crypto investment.

To keep it from the public is part of a privacy that must be done by us who invest. Of course, this is to protect ourselves from malicious attacks in the internet world. It's not just about expensive and valuable assets like Bitcoin that need to be guarded, personal identity is also not good to show off.

What you said is a pretty good suggestion because everyone who wants to be safe from malicious attacks does not need to show off their personal identity if it is not necessary because sometimes they also use that personal identity in places that we need ourselves for the sake of smooth work. But if it is for the public, it is better to keep it completely secret, especially for things related to assets like Bitcoin, where if the amount is often published, it will make evil souls struggle to hack it.

[FinneysTrueVision]

Keeping millions of dollars in BTC with an exchange known to discriminate against people in her line of work seems like a bad idea. I remember during the altcoin bull market from several years ago Amouranth was promoting all sorts of scam tokens and NFTs, like many influencers. She is known for doing anything for money and attention and she often likes to brag about her wealth to make herself look like a genius investor.

We are seeing an increase in high profile attacks against crypto holders. Earlier this year it was one of Ledger’s founders who was kidnapped. It is important for us to prioritize our privacy and safety, unfortunately many of these internet celebrities lack this common sense.

[Woodie]

Not to take away the life lesson and so on, I think this one is different tbh..firstly she is female (not sexist just pointing out facts) meaning her followers knew the kind of person they were dealing with and if at all she has any self defense attributes with her...and the fact that she is well known , she made herself a target which is different with the crypto world where people here are anonymous and can get away with flaunting their holdings 

[aylabadia05]

It is definitely not advisable to keep assets on an exchange. There have been quite a few big and well-known exchanges that have been hacked as a valuable lesson to be aware of, unless you are an active trader.
Like to market assets to the public is the same as telling the public to get a loophole for unwanted things to happen.

It's not just exchanges being hacked that is why not advisable to store in an exchange but also it's because you don't have full control of the wallet like the seed phrase or private key of the wallet address where it is deposited in the exchange. It is not the only case where someone got robbed because they know his/her assets so it's really not advisable to show your assets publicly or the person who did it might get robbed once someone who have seen it have bad intention to take the assets by robbing the owner of the assets.

The exchange hacking incident that we convey to them can be a lesson for beginners. For the advanced level, full control is not obtained by the user because we only hold the login password and address for deposit.
How will we get security and comfort when the assets we buy but we are not the owners. We should be the ones buying the assets, then we are the owners of the assets themselves.

[pawanjain]

That's definitely frightening. How did the robbers findout where the lady lives? Must be someone from the same locality or something.
Surely, what she did was wrong. If someone discloses such a huge amount of money for public display then it will surely attract attention.
Matter of fact, what if she didn't had that much amount of money in real and if the robbers would have found that out then it would have been terrible for her.

[Hazink]

Not to take away the life lesson and so on, I think this one is different tbh..firstly she is female (not sexist just pointing out facts) meaning her followers knew the kind of person they were dealing with and if at all she has any self defense attributes with her...and the fact that she is well known , she made herself a target which is different with the crypto world where people here are anonymous and can get away with flaunting their holdings  

She is a form of celebrity; from her profile, we can argue and say that she belongs to the porn world, but the fact that they were saying when she was attacked she was with her husband makes me rethink that fact, but then again, even if she was a public figure, without flaunting that crypto balance online, I don’t think there could have been any reason why they would attack her in her home, not to steal anything else but asking her to transfer what she has in her wallet.