Topic: Why is telling people you're into stocks "cool" but crypto is a big secret? - page 5. (Read 704 times)

Don't know which internet you're using but the one I am, despite my own best efforts to filter out the noise, has far more crypto boastfuls than stocks, or anything else, for that matter.

If you're forced to use social media like I am for work, you're just peppered with cool people and influencers into "crypto". I'm even more certain I prefer Lambo moonbois than those supposed blockchain thought leaders spewing recycled opinions.

And yes, sorry, even LinkedIn is social media these days. Try opening and managing a business profile or company page and see the bullshit that hits you daily.

Because Stocks and crypto are two different place and strategy in investing means stock trader may be good in their area but will fail here in crypto same as the opposite so Yes they might not understand that easy but if they are serious in what they are looking then it is more best in investing here comparing to stock exchange.
in 2014 crypto investment sounds like joining a scam because this market known as scam back then but in our year now? when crypto was being adopted here and there?

who says it was cool ? its been my first time to know this and what is the difference of crypto to stocks when both can function the same ? but its been known that millionaires and famous personalities are stocks investors and the people that your bragging with will think you are one of those people .
crypto can be new and people havent recognized it yet so bragging that your investing into crypto will be less appealing than if you brag that your investing into stocks .

I think it is about trying to avoid making the wrong impression on people. Of course it matters who these people are. It is easy to share about your cryptocurrency involvement with certain people in your life but not all. At least that's as far as I am concerned. I even keep my crypto experiences from a lot of relatives. It is because some of them are with the wrong assumptions about crypto. Some think it is a scam. Some think it is massive wealth. Some think it is easy money. I mean, they don't really know the real crypto deal and I don't intent to argue against them.

When I watch different videos about crypto, it is asked not to share with your acquaintances that you are a crypto investor. Actually, I don't know why as if you didn't say to them your wallet address and any other information, it wouldn't be anything strange. Personally I like narrating about my crypto experience, as it gets people surprised and interested in me, so I have what to tell them about myself.

Why should anyone do that now? Well.. when I made my first investment with cryptocurrency in 2014, I was actually afraid to talk about that. I mentioned about cryptocurrency to a few of my friends, but they told me that Bitcoin is just another internet-related scam. Times have changed and now almost everyone in my friend circle are knowledgeable about Bitcoin. Still, a lot many of them hold negative views on Bitcoin, either out of pure jealousy or because having not enough knowledge about it.

I would suppose this is because of the negative connotation people have over bitcoin and cryptocurrency investing. Most people see investors of cryptocurrencies as sweaty slobs that live in their mom's basement living off of poor people's money which is never true. While on the other hand people who are into stocks is easily imagined as someone with a fancy car driving off to Wall Street whist wearing a ten thousand dollar suit. All of these are basic prejudices that people may take a long time to even consider dropping. But it's not about what they think about us, it's about how we think about the market flow.

This is to be expected. Most news sources took great time and effort to make a clown out of crypto and make it look like it was made by bad guys for bad guys specifically when it can never be farther from the truth. People will of course have a negative connotation over crypto once something like this arises and spreads. Unfortunately as of now we can only counteract the spread of misinformation and hope for the best.

I think it's because crypto is best with privacy and most crypto investors are choosing to hide their identity and remain private as they could, while in stocks it's nothing to hide there you expose to everything like the wary eyes of Government agencies that impose taxation, etc. with that condition it's kinda boring, while in crypto theirs a little space for privacy that's why many people are enjoyed that privacy including the bad guys too, they found safe heaven in crypto especially with the privacy-centric cryptocurrencies like Monero.

I am personally not vocal when it comes to crypto especially to the strangers i met because i intend to keep it secret although my family is already aware on it. Besides, bragging about your investments and the profits that you are making will only put you in  danger particularly with the scammers around. So as much as possible, my own privacy should matter the most.

However, i know some people too who chose to be vocal on their crypto holdings rather than staying it secret. And i understand their purpose. Their aim is not to brag but to encourage people that crypto is a good opportunity to earn and that they should not believe from the negative sentiments because all of those are totally not factual.

LOL. Definitely this..

No matter how well you try to explain crypto to someone, the most that people hear about is from memes, strange youtube shilling, a history of scams and what not. It may seem that those who are early in crypto are doing it intentionally to keep the serious money out of it. In case of developing countries, the distrust for crypto is much higher. This is also due to the scammers who go to businessmen with lot of money but little sophistication to say for it. They sell them fake tokens for thousands of dollars that give huge returns (which can never be cashed) and then one fine day, when the Ponzi dies, that unsophisticated business-man may well be out looking for people who shilled him crypto.

You don't want to be one of the go-to guys because the said unsophisticated businessman will not think twice before equating anyone who knows about crypto as the guy who knows the guys who scammed him.

There is too much misinformation amongst the common people and only the most well-versed people can see the opportunities amidst the madness. And madness it clearly is. Just look at the 10K NFT drops happening all the time and people inviting you to discord, minting for 0.1 ETH and then selling for 0.05 if they cannot flip it within the first 10 hours. There is so much insider trading and shady shit going on that it really is hard to tell anybody that you think there is hope for this to become the next big thing in terms of business and utility.

Mostly because crypto investors are seen as gamblers or ponzi investors and no body whats to be addressed that way and such thoughts are misconception but the society has made it seems like it is true. Around the world, most government are attacking this currency and if you do not want to be a target then it is better you stay hidden and just be making your profit peacefully.

Beside, the new thing now is not to brag about your source of wealth, back in the days when stock and forex trading were not that accessible, thoes engage in this act see themselves as the most privileged so they boast about it but now it is very easy to trade especially with cryptocurency everyone can get involved so there is nothing there to brag about.

I can relate to this, I'm not going to divulge to anyone what I own in Bitcoin because thats
likely to become part of a conversation with a non-bitcoiner, and from experience
this has happened.

As regards stocks and conversations, it depends on your social circles. Personally I dont
have wealthy friends or friends who are business people so stocks are alien to  us.
My employer is not going to talk to me about his stock portfolio in the canteen tomorrow
but he most likely will talk
to fellow business owners about his recent acquisitions etc.

When it comes to crypto though, I only talk about it when someone initiates the topic,
there are still a lot of people are still skeptic and have a negative outlook towards crypto.

I guess that,in the minds of boomers and oldschool people,owning stocks means that you own a share of a company,while owning Bitcoins/altcoins doesn't mean anything,because Bitcoin/altcoins are just a bunch of programming code,which means that they are made out of thin air(at least what non tech savvy people are thinking).
It sounds way more reputable to tell people that you own company shares,because a company has property,assets,employees,etc.A company produces goods and services.
Bitcoin is just a digital currency.Just a bunch of numbers on an online dashboard.
Anyway,I believe that times are changing and owning Bitcoins looks way cooler than it used to be 5 years ago.

I do not notice how people would boast about investing and trading stocks as I do not care much about those who boast themselves. When you invest in crypto, you control all your investment funds and do not tell other people how many investments you already have. Once you tell them, they will shock as they can see that your investment will be more than $1,000 and have more than 10 types of coins.

If I meet people who boast for whatever they did from stock, I just laugh and leave them like that because we are different and can not walk together.

The most common reason for this is that crypto is not legal in most countries and people avoid telling that they have investment in bitcoins and crypto currencies to avoid any legal action against them.
Secondly, people normally do not pay taxes on crypto and therefore they do not want others to know that they posses crypto.

I don’t know how to tell others that I invest in cryptocurrency, because for many people who have not been in this circle, many projects are scams，They only use an outsider to understand encryption one-sidedly, and if I talk to When others say that I am trading in stocks, they will agree with me and give me a positive look.

Isn't it funny? But most people are like this.

What does you mean about "cool"? I don't see people trading stocks in youtube are cool but much rather click bait and cringe, similar like trade Bitcoin. If they can made a good amount profit on trade stocks or Bitcoin, why they need to monetize in their youtube channel and put his own referral link? It's clear they either get endorsed or get ads on youtube only.

Isn't it because stocks have become rather standard or normal that people already have that general idea of what stocks actually are already? Not to mention that crypto itself is rather new to most people, word of it mostly came out just a few years back after all even though it's already been a decade since its release. And honestly, I would much rather keep my assets a secret than brag about it if I could. There's the issue of security since really, I'd much rather avoid posting personal info of my life in social media or even friends personally, and would rather keep it to friend stuff you know? Not to mention that I personally view posting stuff like that publicly pretty stupid? Since it ties your personal identity together with your assets, basically letting everyone know.

I don't feel that way. I'm actually proud of investing and trading in crypto, and it seems like a lot of my friends and family are asking me about crypto. I only answer in my personal opinion why there are people like that, maybe because of the lack of clear explanations to people about crypto and blockchain and technology they only know the price of crypto is volatile and dangerous.

You may want to read this from [CryptoSec.info]: The $5 Wrench Attack.

So you can't just go to a bar and just meet someone and tell that you are into crypto. Not saying that you need to be secretive or something. But choose people you want to talk about, because there's danger out there when you are into crypto, whether online or offline.