Why is telling people you're into stocks "cool" but crypto is a big secret? - page 3.

sovie

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Quote from: Chato1977 on September 21, 2021, 10:57:16 PM

Quote from: 9thsky on September 18, 2021, 01:43:25 PM

Ever noticed how people would boast or proudly proclaim (or at least used to) that they invest and trade stocks, but they don't feel the same way about crypto, as if it's a secret never to be shared? Why is that?

I can relate on this ,secret because i only choose people close to me knowing i am engaging in crypto because this will keep my security safer.

we knew how easy to crack our house if we are in crypto trading than in stocks.

Yes that's a valid reason for not sharing info about your crypto investment, even here on bitcointalk.org no one talks about how much crypto he is hoarding. Another big reason is regulations, the country where I live crypto is not legalized till date and officials have arrested few people who were doing crypto mining. So you can be next potential victim of "violating the laws" if you share info about your crypto investment.

Jawadu

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Quote from: 9thsky on September 18, 2021, 01:43:25 PM

Ever noticed how people would boast or proudly proclaim (or at least used to) that they invest and trade stocks, but they don't feel the same way about crypto, as if it's a secret never to be shared? Why is that?

The problem comes when you tell someone about Bitcoin and they see you as a fraud! This has happened to me so many times and I have found myself hating telling a lot of people about Bitcoin except my family and my closest friends. If you tell someone about the benefits of Bitcoin he really likes it, but when you get to the risks section, then you will hear them say "Now that's not a scam?", "When did you start that stupidity?", "Stop wasting your money!" So personally it is better to be greedy to share this Bitcoin opportunity than to continue to receive such statements! The funny thing is that I receive harsh words from people I am trying to help them!!!

pjwaffle

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The stock market is notoriously tough because of movies and news stories about the city. I don't advertise that I invest in stocks because people assume you are only interested in money. I tell people that I invest in Bitcoin because I want to promote the cryptocurrency because it only benefits me and the community. And most of the time, you will be faced with a negative approach. when it comes to cryptocurrencies. So to avoid negative criticism from others, of course don't mention it to them. I spoke to them once and they hate crypto as well as real estate players like my brother don't like it.

nurilham

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everyone has a different view of crypto, some are positive and some are negative. that's why so many people keep their involvement in the crypto world a secret. It doesn't mean that crypto is bad, it's just that we can't force the perception of others who think negatively about crypto. just keep it to yourself and make good use of crypto so that we too can profit from it without listening to what other people think are bad about bitcoin and other cryptos.

King Raymond

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We can attribute that to countries we are. While some countries support bitcoin use, others have placed strict rules against the use of the new currency and in such places, cryptocurrency use is always kept a secret.
Secondly, most people (newbies) have probably had a negative experience or heard stories from fraud victims whom were scammed with bitcoin as it is easy to penetrate this crime with bitcoin. As such, anyone in possession of bitcoin is usually perceived to either be in possession of something illegal, or earned it illegally.
Thirdly, the value and hype that is given to the bitcoin is a good enough reason for a holder to keep it secret.

jostorres

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It depends on the person who's about to talk cryptocurrency, some people just making themselves secret when talking about cryptocurrency. There are also some people who are just lazy to explain cryptocurrency to someone because of so broad crypto is and the risk on it as well because there are some instances that the one you talk about crypto will invest in bitcoin and once it goes down they will just blame you and will say that it is a scam, people or bitcoin investors won't want that to happen.

Even you are right in many cases, but we also have few other aspects as well as crypto is illegal in many countries, so peoples don't like to talk about this. In my case it's just I am very lazy to explain things just because of this mostly I never talk anyone I am in crypto mostly I introduce myself as trader in stock market or currency market.

In few cases we have too many peoples those don't like this all, so they also never talk about crypto and never give their identity as crypto investor or trader. Few feel not good about this as it's very risky, and they don't want someone lost his funds just because of them, so they never talk about crypto.

geegaw

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Quote from: FinneysTrueVision on September 28, 2021, 04:02:11 PM

Many people hold their own crypto so if you own a lot of it and are bragging about it this could be a huge security risk. Somebody might threaten to hurt you to force you to transfer all your crypto to them. You can't really rob someone of their stocks so for some people they are more comfortable talking about this.

When you have not stopped bragging about your wealth, even if you have more layers of security, you can't stop the tricks of robbers, threats and in a life-threatening situation, whether crypto or accounts or private codes, you will throw it all up to protect your life, no one is foolish against robbers, stock robbery as well as bitcoin robbery are just things that will happen in a moment. But this is just a joke in a secure and developed world, the secret of this story probably comes from the birth and origin of crypto, almost all of which are great and unsolved mysteries, Bitcoin is a very specific example of identity concealment

Kong Hey Pakboy

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Who said that? I don't know a lot of people that knows about Stocks, so I don't see how they will find it cool when you're dabbling with those stuff. In my opinion, people find it more cool if you make a lot of money.

FinneysTrueVision

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Many people hold their own crypto so if you own a lot of it and are bragging about it this could be a huge security risk. Somebody might threaten to hurt you to force you to transfer all your crypto to them. You can't really rob someone of their stocks so for some people they are more comfortable talking about this.

Lanatsa

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Quote from: S4VV4S on September 28, 2021, 02:30:22 PM

this may be a very interesting topic about how another investment is so proud they introduce it to the public and is currently very different from the Crypto world which tends to be hidden and maybe for the layman who still doesn't understand the crypto world it is very difficult for us explain so that they are more direct with the Crypto world that is not good to live in an investment

People are most likely to be that secretive when it comes into their investment considering that your security would really be in risk if you do really make some words about it.

It doesn't matter whether its stocks or crypto as long it do involves money then scammers/hackers/criminals would really be making you to be a target.It isn't really just justifiable

on making yourself to make look cool whenever you do have this kind of investment.Always mind off about being low-key despite of being rich or having that big investment.

wxa7115

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Quote from: 9thsky on September 18, 2021, 01:43:25 PM

Ever noticed how people would boast or proudly proclaim (or at least used to) that they invest and trade stocks, but they don't feel the same way about crypto, as if it's a secret never to be shared? Why is that?

It depends, I think that now it is the cool thing to do however a few years ago if you told people that you were invested in bitcoin I mainly expected two reactions, the first one and the most likely one was that they did not really knew what you were talking about and they just looked back at you with a blank stare.

The second reaction was they believed what the mainstream media told them about bitcoin and they thought you were a scammer, hacker or were into the dark web or something similar, I think this is why some bitcoin holders still refuse to talk about it as they do not want the stigma that still comes with it, also many do not talk about it because they do not want people to believe they are rich when in fact their holdings could be quite small.

S4VV4S

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this may be a very interesting topic about how another investment is so proud they introduce it to the public and is currently very different from the Crypto world which tends to be hidden and maybe for the layman who still doesn't understand the crypto world it is very difficult for us explain so that they are more direct with the Crypto world that is not good to live in an investment

Imran232

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Quote from: 9thsky on September 18, 2021, 01:43:25 PM

Ever noticed how people would boast or proudly proclaim (or at least used to) that they invest and trade stocks, but they don't feel the same way about crypto, as if it's a secret never to be shared? Why is that?

Well for this i think there had some reason like:

Misinformation about bitcoin. What they got from News channel and news paper. Though they are stocks investors so they are really worried about rumours. And rumours is a moment things in crypto.
Price volatility is the biggest reason that stocks investors stay away from it.
They always depends on companies authority and in this case government already announced it is non authorised by government and it has scam risk(what is misinformation.
People hasn't proper knowledge about it. And it has not much publicity. And News channel/News paper publicity depends on government thought so they got only negative publicity about bitcoin.

For me i think this are the reasons of stocks investors are keep distaneing from crypto.

mich

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I think people have a perception that someone who is into stocks is a business person and someone deep into crypto is a techy person.

Business people have an arguably cooler reputation in our society i.e., being well dressed, financially stable and alpha in mentality.

Tech people on other hand have a reputation for wearing hoodies, playing video games and living with their parents too long which is viewed as less cool in society.

molsewid

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Quote from: pealr12 on September 21, 2021, 10:01:30 PM

Crypto is very young compare to stock plus Crypto till now does not have the full support from government of different countries, Crypto was tag as scam at the beginning so many people still have that perception when you discuss Crypto with them, although things are easier than before, the acceptance is increasing on a daily basis but there are still limitations which am sure will be cleared in the near future.

I think crypto today was not young anymore cause it's aged a decade already but people get to know this digital finance platform recently because of the hype but compare to stocks it is younger than stocks. I feel the same thing way back when I first make a decent earning in crypto I'll just keep it in myself and even my family didn't know where my income came from because of the fact that it was tag as scam. But today, here in my country I've seen a lot of people who are now very vocal about their investments in crypto.

Chato1977

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Quote from: 9thsky on September 18, 2021, 01:43:25 PM

Ever noticed how people would boast or proudly proclaim (or at least used to) that they invest and trade stocks, but they don't feel the same way about crypto, as if it's a secret never to be shared? Why is that?

I can relate on this ,secret because i only choose people close to me knowing i am engaging in crypto because this will keep my security safer.

we knew how easy to crack our house if we are in crypto trading than in stocks.

pealr12

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Crypto is very young compare to stock plus Crypto till now does not have the full support from government of different countries, Crypto was tag as scam at the beginning so many people still have that perception when you discuss Crypto with them, although things are easier than before, the acceptance is increasing on a daily basis but there are still limitations which am sure will be cleared in the near future.

Bazley

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At present, few friends know that I invest in cryptocurrency, and I haven't let my family know. Because most people still have a stereotype of cryptocurrency and think it's a hoax. I don't want to convince them, and there's no need to do that. Everyone has the right to choose. That's their freedom. I like cryptocurrency. It's also my freedom. It's irrelevant. That's good.

milewilda

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Quote from: Finestream on September 21, 2021, 06:38:31 PM

Quote from: MCobian on September 21, 2021, 06:23:06 PM

Quote from: V-t.Ester on September 21, 2021, 05:29:08 PM

I can't say I'd noticed that. I have familiar crypto investors and some amateur traders and all of them always eager to talk about crypto and to tell about their successes or falls. It’s quite interesting to listen to their stories. Sometimes they even gave me very essential info that helped me to make further actions. When someone of my friends (who knows about crypto only from mass media) asks me about crypto I’m also sharing with them my knowledge’s about it.

I've been investing in crypto for more than 5 years, and I don't hide anything from those around me. Even I often discuss with family and friends
about cryptocurrency. So it's the same with stocks, I have nothing to hide about cryptocurrencies. Maybe in a country where cryptocurrencies
are banned, chose to keep it a secret because he didn't want to get into trouble with the law. If that's the case I can understand,
but if we live in a country that doesn't ban crypto, why keep it a secret.

Well, in our country crypto is also not banned but i can say its still not recognized by most of the citizens. But scammers are more smarter today. I chose to keep it secret and let's say private because i know exactly how high their value once converted into fiat and i'm sure if i got to share it to others, then scammers will definitely have their hints. Although i'm open about it to my family and close friends, but never will i boast it to social media because its the most scariest thing to do, telling people my crypto assets and giving them chances to scam or take advantage on me.

Same here on my country on where only a few do knows about crypto but its still not regulated and not also been banned but there are some news that there would be some taxation to those
crypto earners basing off on how much they do earn which is more than with a managerial job offline or in physical thats why im not surprised if there are people whom
doesnt really share up about earning crypto due to this reason and the rest would really be personal for sure.

Finestream

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Quote from: MCobian on September 21, 2021, 06:23:06 PM

Quote from: V-t.Ester on September 21, 2021, 05:29:08 PM

I can't say I'd noticed that. I have familiar crypto investors and some amateur traders and all of them always eager to talk about crypto and to tell about their successes or falls. It’s quite interesting to listen to their stories. Sometimes they even gave me very essential info that helped me to make further actions. When someone of my friends (who knows about crypto only from mass media) asks me about crypto I’m also sharing with them my knowledge’s about it.

I've been investing in crypto for more than 5 years, and I don't hide anything from those around me. Even I often discuss with family and friends
about cryptocurrency. So it's the same with stocks, I have nothing to hide about cryptocurrencies. Maybe in a country where cryptocurrencies
are banned, chose to keep it a secret because he didn't want to get into trouble with the law. If that's the case I can understand,
but if we live in a country that doesn't ban crypto, why keep it a secret.

Well, in our country crypto is also not banned but i can say its still not recognized by most of the citizens. But scammers are more smarter today. I chose to keep it secret and let's say private because i know exactly how high their value once converted into fiat and i'm sure if i got to share it to others, then scammers will definitely have their hints. Although i'm open about it to my family and close friends, but never will i boast it to social media because its the most scariest thing to do, telling people my crypto assets and giving them chances to scam or take advantage on me.

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