I went to a tweet recently and saw someone having a whopping 413.789 ETH in their wallet which is around $818,000 and I was like how Didi this person manage to get all of this wealth from because if I have something like this I will surely invest offline and own a lot of properties that will be of help to but me and family.
How much do you have in your wallet?
- Thread starter Blessed19
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That's a lot. I have never been into cryptos as I know least about it and it does have a risk too high for my appetite.
But I have heard that people have made fortune with cryptos especially when it was bullish market for it a couple of years.
But I have heard that people have made fortune with cryptos especially when it was bullish market for it a couple of years.
I am a bit doubtful about the disclosure. It might be correct or it might not be. It can be just a self-bloating lie and many people do that in online world, That is a lot of money. And when someone would have that kind of money, they will use it for the purposes that you mentioned. I assume that he/she would have to pay taxes on that kind of money and that too would be huge.
You are right though, if the disclosure of the money is true, it has a sum of 413,789 ETH with no blockchain proof meaning it is just a lie, but if it is true, it is not only a taxable target, but also a target for criminals and hackers.
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It is not a flat 413,789 but 413.789, there is a point after the 413 because it will be hard for ok person to own that amount to be honest even though there might still be those who have such amount in their wallets without a doubt and those are people that were there from the beginning of the mining and believed in it till this very moment.
I do not have money in my cryptocurrency wallet presently because I I've spent all of them on more pressing needs.
That is a lot of ETH to have and they are very lucky, I could only dream about having that much in any of my wallets. At the moment even though I do have wallets with something in them, it is very little right now whilst I try to learn more about crypto.
You are right, we must be careful not to publish public addresses carelessly, let alone having large amounts, we should also always change crypto addresses every time we make a transaction.
I completely agree with you, we should not open wallets in public places, it is too risky by hackers and also taxes if they find out someone has a large crypto balance.
Presently I don't keep money in my wallet as I prefer to hold them in the fiat currency.
I have seen that people are not very comfortable talking about their financial assets to everyone. Most people treat it as confidential and share it only with few trusted ones. I don't think it's wise to announce it on social media and other online platforms. You might become victim of hackers and face cyber crimes.
I totally agree with you, it's easy for people to publish their wallets, but I also doubt the truth, maybe not his, because easily we can find large crypto balances in wallets, or find large transactions and claim it's mine, because on the blockchain it's not there are names only transactions and balances.