Topic: Why is telling people you're into stocks "cool" but crypto is a big secret? - page 4. (Read 704 times)

Yeah its true and one of the common reasons because you would really be dealing with stocks and for you to able to acquire them then this is something in connects with debit/credit cards
or something like that for you to jump in unlike on crypto where age wont really be that a big deal as long you would be aware.

Some people are just way too secretive when it comes to things that they do get involved specially if they aren't still sure if its accepted or prohibited on their country.

Some doesn't really like for them to let other people know that theyre dealing with crypto but well it is just a personal preference.

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.

First, we cannot accuse someone choice to say or not say something.
And it will also depend on the country if the crypto is illegal, so everyone will make a secret of trading or investing in crypto because they can harm themselves and their assets of course.
But, if crypto is actually legal, it will also depend on what environment he is in. Sometimes, not all people know about crypto, and if someone is in an environment that doesn't support crypto activities, they may prefer to silence their activities.
And the most thing is that there are still much FUD and bad news about crypto. Some people maybe not ready yet if someone will mock it because the price of the crypto market is getting dipper and dipper, dropped at the time.

But one to remember is that everyone needs some secret on what they're doing. And keeping the secret may make him and his assets safer ebough.

I think it's about the barrier of entry.  To own stocks you have to at least be 18 (in most cases) and have money to purchase stocks.  Meanwhile, any kid willing to spam or run their computer using Mom's electricity can call themselves into crypto.  While that isn't always the case, there is certainly a lot of that happening due to the low barrier of entry.  That low barrier of entry is what's great about crypto though.  I love all the stories I've read over the years of teenagers who have made life changing wealth as a result of their interaction with crypto. 

Perhaps, they wanted to keep anonymous, and likely they don't want to share how it does unless if there is someone who will talk and ask them. And the other reason why keep silent about this stuff is that people are not going to believe what they say, I guess everyone is doubtful and not going to believe them. If I were in that person, I'd never be vocal also to the others and why I have to waste time telling them as they don't even bother themselves to appreciate but instead of saying it was a scam. I have the reason also to keep silent.

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.

Actually most people have not studied and understood crypto from the positive side and they only know crypto especially bitcoin from the negative side and the most doubtful problem because there are still many governments or countries that are against it, we must realize that crypto is still new compared to stocks that have been around for a long time and can be more trusted because it is more dominant than crypto.
we as crypto lovers don't need to brag because crypto is much better and profitable than stocks because over time they will realize and know for themselves that crypto is much better, and I personally prefer silence than promoting crypto to those who don't know anything unless they ask and want to learn I will gladly do so.

I am not sure who you are speaking to that this has become the case, but this is not the case for me what so ever.  As a financial advisor I am constantly talking to clients, as well as friends, and we openly talk about both.  I am often approached for advice about both as people know that I have been "in to" crypto for quite a few years now.  But yeah, this is just not the case for me at all.

Maybe they've been gaining more profit in crypto-trading and don't want to talk about it especially with other people. We don't exactly know the reason why some people don't want to talk about it maybe because it is something confidential for them but one thing is sure, both stocks and crypto are good investments with good returns in the future. Its up to them whether they want to put their money over stocks or crypto or both if possible.

Exactly, people have different opinions on different subjects and it seems that sometimes we just don't agree with their opinion and we find it hard to accept that people don't think the same like us. Stocks is good too, you just need some time understanding it though as it's much more complex than crypto.

When you tell other people about your crypto, they can become curious and try to ask you how much your money is in crypto. If that happens, he can ask us to give some money to prove that crypto can benefit him.

You can tell him about crypto, but not about your coin inside your wallet. It is usual to have a secret, including a secret on how many coins we have. Let them guess how many we have

I do not know about stocks, so I am usually quiet and do not talk too much when someone talks about the stock. It is better to a listener at that moment

For real? I don't think it goes the same in my community, my friends and I are completely vocal when it comes to crypto trading, we actually help each other and to the point where we wanted to share it to a larger audience (like uploading a tutorial in YouTube), I also don't see a reason why it should be kept as a secret but for personal reasons I guess, also, it depends on the country I guess, but crypto trading is much cooler than forex trading, in my opinion.

depending on where we talk or hear their discussion about crypto or stocks. In my environment they actually hate stocks. Because maybe a lot of people fail to invest in stocks and they lose a lot of money there with no change at all.

is it that extreme in your country? nowadays everyone in the crypto market or stock market knows the same. some of those who love stocks, also put their money into the crypto market. I think we have nothing to keep secret from all this.
my friend who focuses on the stock market, finally withdrew 50% of his money to enter the crypto market. after previously getting an explanation from me regarding crypto and blockchain. Previously, the view of people in the stock market about crypto including bitcoin was a fraud market. with a very easy market to go up and down in no time they say.

I used to be vocal about it as well but I realized if they follow my path to investment through my conversations with them, It will lead me into trouble when the market will crash or in the current position where they might think it won't recover anymore. They will surely blame me for what I have told them about it. right now, I might not totally silent about it but I always tell them the risk of investing so that I can free myself about the turn of events in the market if ever they want to invest. We are talking about money here and if something goes wrong, it would not be pleasing for to hear their complaint about it.

In my country when you talk about that you have stocks they automatically assume that you own a company. But if you talked about crypto they didn't even know what it is. If there is someone who knew how crypto works its rare tbh and most of the time they tried to hide themselves in order to protect their love ones. If you start to start to profit and bough things, your neighbors might even report you to police and suspect you of selling drugs. So I think its better to hide your identity and share only what you know if there are willing.

I think it depends on where you live. Here in our country, I can freely talk about cryptocurrency with my friends, family, and relatives. I must say people are gradually being knowledgeable about how crypto works and they are being open about it now compared to before. Although there are still close-minded people that you'll encounter personally may it be in flesh or in social media platforms that are still naive and have the wrong perception about crypto. I guess we can't really just please and educate everybody no matter how hard we try because some are just totally not cool with it despite the facts you would lay before their eyes, and that's totally okay. It's not our loss anyway.

But to answer your question directly, I think the location you reside in really matters on the level of perception of people about crypto and stocks. If crypto is one of those 'err' topics in your country because of its legality state and reputation, expect the people would be raising a brow on you for talking about crypto. Hence, our fellow crypto users would rather just their mouth and let their funds speak for them. On the other hand, if your country is open about every investment vehicle there is, I think people would be more open too in talking about either stocks and crypto because both generate income and profit depending on how you utilize it.

You get a lot of people with different perceptions on Crypto currencies, namely :

1. The people (Fiat Slaves) who hates Bitcoin and Crypto currencies, because it is their direct competition. (So if you are in the company of a financial broker, you will rather keep quite about your Crypto investments, because they are almost always negative when it comes to Crypto currencies)

2. Some people have been exposed to Ponzi schemes linked to Crypto currencies or they have been scammed by online phishing attacks, where they have lost money. (You do not want to promote Crypto currencies to these people, because they got burnt and they believe these scams are what Bitcoin is all about...and you will not change their minds)

3. The media also have a huge influence on people's perception ...because they push negative propaganda about Bitcoin and Crypto currencies. (The usual... Bitcoin is linked to terrorism funding or Bitcoin is used for child porn etc...)

So you have to pick the crowd, based on some research you have done on the audience or the person that you want to talk to, before you start talking about your Crypto currency investments.  

Because crypto has no clarity about its regulator and its value is also not recognized by the government even in some countries crypto tends to be illegal, this is what causes stock investors to be arrogant, because the regulator's stock investment is clear and all governments admit it, basically everything can be accounted for if there is fraud in stock investment because the law is clear.

If you're intelligent and have found an easy way to make a lot of money, DO YOU ADVERTISE THAT? (ruining your potential returns on said opportunity)

Intelligent people want to acquire as much wealth from the few proprietary things they can, while the $$$ getting is good

Stocks, similarly require someone with less money to believe they can beat the hedge funds with billions of dollars, hundreds of employees and databases of information most people wish they could have a fraction of in their heads.

One is a sales tactic to convince poor people to trade, the other still has room to make a few bucks easily. Pick your poison.