6 Rules For Bitcoiners
With the price of Bitcoin skyrocketing as of late maybe its time that we go over some rules as a Bitcoiner because someone just got robbed in the UK of the Bitcoin wealth by a fake Uber driver. I fear this will become more common place as time goes on unless certain rules are followed.
Rule 1: Never talk about your Bitcoin holdings to people you don't know or don't trust
This will easily make you a target. If you are out in public saying you have 5 Bitcoin what do you think is going to happen when the wrong person finds out. They will follow you home, tie you up and take your shit. You can avoid this by not talking about your Bitcoin in public spaces, you never know how is listening. Hell I wouldn't even share it with your spouse to be honest. You don't know who she is talking to either. Keep your wealth private.
Rule 2: Stay Humble/Live Below Your means
Resist the urge to spend your new found wealth on something extravagent like a lambo or something that is going to draw unwanted attention. Not saying that you shouldn't enjoy your life but be aware that not everyone is going to be happy about your new found wealth. The best thing you can do is drive an unassuming car and live in regular home.
Rule 3: Don't Carry Your Wealth In Your Pocket
It is definitely a bad idea to walk around with your wealth stored on your phone. This is how people are getting robbed of their wealth. They leave their holding on some centralized exchange where all you need is a password to access their account. When you are under duress that isn't going to stop anyone from stealing your money. Self custody your Bitcoin and keep it in cold storage! Can't stress that enough.
Rule 5: Practice Good Digital Hygiene
With more and more of our lives online, especially social media it is a good idea to practice good digital hygiene. The internet is rife with scammers looking to access your private information to learn everything about you. Use a VPN if possible. You should probably get in the habit of creating multiple email address or use a service that creates fake ones for you. It is safe to assume that some database with your information will get hacked at some point. Better to have a random email get stolen versus the primary one that you use. A second phone line couldn't hurt as well.
Rule 6: Keep Your Circle Small
This kind of ties back in with the first rule. The more people you allow into your inner circle the more you open yourself up to attack. You can't always be sure of someone's motives especially people that you recent met. Be wary of people that just show up out of the blue wanting to be your best friend. This applies to family as well, if they somehow know that you own Bitcoin and see that you are doing well you can't assume that just because they are family you can't trust them. In fact these are the people you have to worry about the most.
It's better to be safe than sorry in my opinion. Keep your circle of trust small and you won't have problems.
These are six rules that I think can help keep you safe and you Bitcoin wealth in your hands. I'm sure there are more, if you think of more comment below!!