Bitcoin Forum

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?

People I've met who are into cryptocurrency are usually vocal about it and are eager to share new information on it when they come across it.

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However, if there is any reservation, it would likely be due to the negative sentiment around crypto i.e, the narrative that it is used for scams. Such negative sentiment is wrong and is gradually fading as more people are becoming aware of how it actually works and the purpose of Bitcoin, but it would take a while for everyone should be completely receptive to it.

Also, there's the risk of getting your stash stolen from you. With cryptocurrencies, you are your own bank and would need to take measures to protect your funds, this involves remaining private about what you hold to avoid a $5 wrench attack.

I have heard more people talk about cryptocurrencies than they do talk about stocks. The stock market has a reputation of being cutthroat because of the movies and news stories about wall street. I do not advertise that I have invested in stocks because people assume that you only care about money. I do tell people that I have invested in Bitcoin because I want to promote cryptocurrencies because it only benefits me and the community when people adopt it. Stocks there is no benefit of talking about it because any one who invests in stocks could be your competition in cryptocurrencies their adoption increases the value of your crypto. I do not agree with your view that people talk about stocks more than cryptocurrencies.

Stocks have a bigger history of scamming behavior than cryptocurrencies. If you mention stocks to any one who does not know much about it then they always talk about the movie wolf of wallstreet and that paints out stock investors as shallow and drug fueled investors instead of real good people. Cryptocurrencies has the reputation of nerds and computer geeks investing in it.

Crypto is more on negative than stocks especially when it comes how risky it's, reason what we can see around the internet were mostly traders from stocks and good feedbacks, indeed even in youtube you cannot see a crypto trading advertisement wherein only different stocks assets from popular exchanges such "Etoro". although within that platform its already available to trade crypto if i'm not mistaken. Well for me in my opinion it doesn't matter if crypto trading isn't not that popular,  i mean just be thankful that we knows about it. Lol

And most of the time, you will be faced with negative approach when you talk about crypto. So to avoid negative criticisms from others, not hide but better not mention it to them. But for those who are willing to listen, for me, I can always share my experience. Some people are not yet open to cryptocurrencies, and most of them thought that this is a scam or ponzi scheme. You can't blame them because it is their ignorance why they think like that.

I don't think that's true, but it can be explained and understood that cryptocurrencies are still an invisible pressure on the government.  In addition, cryptocurrency is isolated by very large influence that can be involved such as politics, scams, hackers, etc. It creates a sensitive mentality that can negatively and directly affect them.  However, this depends on where you live.  I can comfortably share my experiences and insights with friends and colleagues without those psychological issues, because the country I live in remains crypto-neutral.  Not to mention crypto is now a massive net asset, they would feel pressured to say that I hold “10M or 100M assets in crypto” of course not many would be foolish to say so. Lol

I think crypto-currency isn't more negative than stock, neither do I think the risk in crypto-currency is more than it is in stock, also there are many crypto-currency trading advert on youtube even crypto-currency traders on you tube that has good feedbacks -although I would like everyone to know the possibilities of scam traders both in stocks, crypto-currency and shares on YouTube- I think some people has more their favorite in knowledge and excitement between stock and crypto-currency, so can even have it for the two, anyways am always proud to say am a crypto-currency enthusiast.

Because we don't want to spend 2 hours explaining it to people?

Seriously, I can say "I bought 10 shares of Boeing" and people may ask why, with the pandemic going on and the 737Max issues.
And I can then say, "Well they are 99.999% going to get this new drone contract from the US government and it's going to be worth more then their entire commercial aircraft division" and at that point we can discuss the pros / cons and thoughts.

Saying, I bought 0.1BTC on coinbase this morning, leads to.
1) What is it about crypto that I like?
2) What are the tax implications?
3) What about regulation?
4) What about the lack of regulation?
5) What do you mean nobody controls it?
etc.

So you don't talk about it.

The other side is when new people get excited about it and you then have to explain all the things that you have explained to people a dozen times before, sometimes you just don't want to deal with it. So you don't talk about it. So you don't have to explain for the 100th time that buying 'Dave's left testicle coin' is not going to make them rich.

-Dave

This case is very subjective, you may see that kind of person but I never saw it. Maybe in your country crypto isn't legal as a digital asset, that's why people aren't brave enough to speak much about crypto investment or trading there. While in some countries that crypto is legal as a digital asset, people already speak much about it. They have strong reasons to announce their activities or their achievements in crypto because the governments allow crypto there. Soon, we will see all people around the world will be brave to speak much about their activities in crypto. Don't worry.

Many people don't feel the same way because things are much more different when it comes to cryptocurrencies. Because cryptocurrencies are volatile assets. People are taking much bigger risks while they are investing into them. Even Bitcoin which is the number one cryptocurrency can't guarantee investors anything for the near or far future.

I havent encountered it though but the reason i do have in mind is totally a personal kind of view on where people doesnt share up much about crypto investment because they might mention out
things which are totally prohibited on their country which means that they might be put up in trouble if someone would really tell up that theyre engage on crypto.Other reason is about that
there are people who doesnt really like to share up the opportunity that they do get on engaging on crypto market because they are earning big and dont tend for others to overtake them.
Majority is really just keeping it on secret.

this happens due to regulatory uncertainty in each country, for example people who live in a country where they do not know if the government accepts bitcoin or not, they will not be on the street talking about bitcoin for fear of government reprisal in case someone reports to them, this is the first scenario. the second scenario happens when a country bans bitcoin the person from that country will also not talk about bitcoin on the street. But if someone lives in a country where bitcoin is regulated or the government tells people that they can invest in bitcoin that they are at their own risk then that person can talk openly about bitcoin on the street.

Would you go out telling people that you invested early in Bitcoins and now own 1000 of them?

I certainly wouldn't for the following reasons;
1. The Government, I guess you already know how fucked up the government is.

2. Security purposes. Remember, unlike stocks where you have a custodial services keeping for you your investment, for  Bitcoin, you are in full control of your long term investments via paper or hardware wallets. You are a damn moving bank and by telling people you have a certain amount of Bitcoin, you are putting a target on yourself.

Because crypto can be more easily stolen from you, while stocks/fiat money sit in some digital custodial account that require a lot of extra steps for full withdrawal. And also crypto is pseudonymous, so robbers will have easier time covering their tracks.

Another reason is that people don't want outsiders to get interested in crypto and then be responsible for all the decision that this person makes.

Some people believe that crypto is a scam or a bubble, so some don't want to admit trading it out of fear of being shamed.

In my case, I never share that I'm trading crypto because others don't know it and I don't want to explain it to them unless they ask me directly about what I'm doing and show some interest on it. And also many people believe that crypto is a scam or other negative thoughts because it was widely used by scammer on different ponzi to scam noob people and there is so much scam project that occur in crypto space.

If your point is sharing crypto casually to people who didn't know crypto should be encouraged then should think about it twice unless they are the one who insist it.

Crypto is for all where anyone can search for its information unlike stocks is that you have to be in the same group of people to talk about it. Talking about stocks makes them look smart, now talking about cryptocurrencies makes you even smarter.

I know some people, they are not even close friends of mine but he sometimes asks me if I was still in the stock market because he once talked about local companies while reading a newspaper where S&P and indexes are listed. He is gay, not a cross-dresser but talks and sounds very smart because he really is. Right now he is also into Bitcoin and ETH and talks about it too. It's not a secret anymore.

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

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.

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.

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.

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.

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 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.

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 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.

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.

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.

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.

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 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.

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.

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.

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.

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 .

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?

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.

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.

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.

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.  ;)

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.

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 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.

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.

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.

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.

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 ;D

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 ;D

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.

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.

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.

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. :D

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.

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 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. 

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'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.

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.

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.

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.

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 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.

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.

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. 

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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!!!

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.

Because crypto currency is banned in some countries and if any person from this country tries to deal in crypto currency then government can take serious action. So, that's is the big reason that why peoples keep secret when they deal in crypto currency market. Every country has its own stock market. And peoples works in stock market without any fear. But crypto market is a global market which is not related to any country.

In fact, I was initially telling some of my friends that I was involved in crypto and that I was making money here.
However, they were not interested, soon the price of bitcoin dropped a lot, and to my friends it was proof that crypto is fraud.
Now the state institutions in my country, such as the financial regulator and the central bank, warn of the high risk and insufficient legal protection of crypto, and this is an additional problem.
I should pay the crypto tax as soon as I receive some crypto funds in my digital wallet, which is too complicated and impractical.
Because of all this, honestly, it's much easier for me not to mention that I have any crypto or that I deal with crypto.

it's no longer a secret. currently cryptocurrencies are widely known. it's just that people who are comfortable with their investments, and have made them profitable, sometimes don't want to try new things. so, they don't feel that the potential of crypto equals the investment they make. In fact, when people turn to crypto, and start abandoning their investments so that they are in danger of losing money, then they will fight cryptocurrencies.

I don't know if this is an issue but I'm sure that the coolest thing is you're creating money through the market even what kind of market you are investing in. The Crypto market is not very different from stocks and we knew a lot of popular and rich people who're investing in cryptocurrency so it's not really a problem. Everyone has a different opinions and different perspectives on cryptocurrency and maybe for some, they don't want to support a decentralized market so maybe it's a shame for them to be involved in it.

I think the secrecy thing has to do with the wrong conception people who hear that one is into crypto have – Oh! He's rich." It makes crypto hodlers become self conscious and would want to prevent people from looking at them from that prism. In my country, what comes to anyone's mind if told that a certain person hedl as little as just 1BTC is a mental calculation of what that person is worth in the local currency. It's an unconscious thing and a lot of hodlers wouldn't want that happening to them. It's a security measure type of thing, if you asked me.

Again, stocks don't draw much buzz because the earnings/profits are always in that country's local currency unlike crypto that's paired with foreign fiat like the USD, Euro, Pounds, just to mention but three.

I am a person who hides all his investments and never brags about it. If I would have invested 100 I would just say that I invested 10 or 20 and that too only if the person is asking more about it.
I know some people who hides their crypto investments because of privacy and security risks.
I do agree with this though because talking about cryptocurrencies brings unwanted attention whereas scammers can't do more harm to us if they know have invested in stocks.
That's an advantage of investing in stocks that you don't get unwanted attention.

I've noticed no such trend - I guess it depends on the social circle you're hanging around in if people are so quick to judge on your investment strategy. Maybe you should keep your investments to yourself until you find a like-minded group of people to share. People make such a distinction because companies have been around for centuries and when you buy a stock, you are just buying a "share" of a company, aka you become a part owner and get to share in any profit that company makes. I have often found quite a bit of arrogance in crypto owners as well, so it is a two way street - you should not have to hide it but do not assume that you are doing something superior when there is less evidence to base it on.

Agreed. Investing in stocks is actually considered as "normal" by people but whenever you tell them you invest in crypto, they immediately overthink it and sometimes, it's a totally bad idea to say it because the more people know about it, the more risky and dangerous it becomes. The best thing to do is just to keep mute and stay low. I know of a certain influencer that kept talking about crossing $1M and eventually crossed $5M but got hacked afterwards.

Almost Cryptocurrencies have a more negative connotation than stocks, especially when it comes to the level of risk, the reason that we can see on the internet mostly traders from stocks and good feedback, actually even on youtube you can't see crypto trading ads where only stock assets are available. this got me thinking quite a bit in comparison how risky stocks and BTC seem to be. as equal. I think it may be partly due to the ponzi projects that have distrusted quite a lot of people in this crypto market.

As they don't want to criticize and been told that they are investing in a scam. Well, that is what they know and most of the people around that investing crypto don't have better ends, but just losing. Well, that simply they hide it just the time has come they will prove them that they are wrong.
I keep secret, and I don't think it was a need for the people around to know what we are doing. Well, the stock market is known and that is how people got praise because they think that it was profitable(yes it was) but crypto is now the trend when it comes to investing and is much more profitable which don't see.

I think that your comment or appreciation is something more of a sensation-perception than a real data, because in reality regardless of the asset and the market that it is, it should be proclaiming "I am an investor" in fact many people look for experts not only for the investment experience if not for the privacy that this entails.

In any case, investments in cryptocurrencies have inherent the possibility of anonymity and consequently the security associated with the amount of the investment, so it is not necessary to disclose it. The people I know who invest in crypto are familiar and usually we only talk about prices and stuff but we never talk about amounts or how much we have in $$.

Well, I guess it has a lot to do with if you want to lay low or not. While some people still see cryptos as something tied to illegal activity, others already recognise the real potential it brings. I only speak about cryptos with close friends. I consider myself as a Crypto-Evangelist as I always try to pass the word along, but when speaking with people I'm not familiar with, I usually avoid speaking about it unless the subject comes. Thing is, while we need to advocate for cryptos, we always need to be careful with whom you speak about it and what you reveal about your personal crypto owning as this can become a security issue as well.

I guess if you make stocks as easy to participate in as crypto and make crypto as difficult as stock, they will be proud to speak about cryptocurrencies. People typically flaunt things that are seen as valuable but difficult to have.
You could also blame bad publicity.

You know, an interesting part of my life that I didn't reveal to anyone, excluding my best friend and my family members, that I am in the crypto industry. Only they and me know that. The reason is that in our country, crypto is banned. So I am working almost secretly. So if this news spreads and other people want to know about it, then it might be problematic. When someone asks me what I am doing, I say freelancing. If he wants to know more, I say I am not only doing freelancing but also doing stock investment. But I am waiting for that day when my country approves bitcoin and I will tell everyone that yes, I am a crypto lover. Waiting for that day.

In my country, crypto is not banned but i believe keeping it as a secret is not a bad idea because it will give you your own privacy at least. People are now starting to be aware that crypto is a big time investment. So when they think i am into crypto, the first thing that comes in their mind is huge profits. So as much as i can, i don't want to give them the possibility to hack my own account and steal my possessions. But i am definitely not secretive to my family and to my close friends. They know certainly that i am into crypto and i think if they can have sufficient amount to invest, they will also start to learn about crypto. Of course, they can lend on me about sharing my knowledge on crypto.

I’m honestly not confident in divulging such information, be it an investment in stocks or crypto. I get that it might seem ‘cool,’ but if my stocks or crypto holding ain’t worth much, what’s the use of flexing it anyway? Besides, from where I live, if someone has ‘investments’ on their arsenal, they are well-off, and thus can be a good lender for lender of money. I want to avoid that, that’s why as much as possible I am living frugally and dressing like a pauper.

No need to boast your investments anywhere. Just keep it to yourself for security reasons, too.

Legalization should be one of the reasons for not being open on it? And as many are not aware of crypto currency, those who invested might feel that they will be laughed at for investing in crypto. At times, since its money involved, current generation do not expose it often. I am sure, in near future, crypto investors will be proud to say that they have invested on Bitcoin or on any other crypto currencies.  

Better to stay low-key or wont really be known that you are engaging with crypto and also its dumb that you wont really able to know on whats the stance of your government towards crypto which there are people who
do still decide to keep silent while engaging in crypto despite its been legalized or adopted because there are other viable reasons on why they are doing so just like on having your own security because this doesnt
only talk about legal aspect but also into ones safety because criminals are always around and if they do know that you do engage in crypto then they presume that you would have lots
and then those possible criminal acts could really happen.

In general, I think that stocks and cryptocurrencies are quite similar to each other. It should be understood that both options provide that you need to find the most profitable option for investment.

They're completely different from each other. It makes it look that they are similar because many people considered crypto as stocks too. You'll be investing into a digital asset and they're easily comprehending and showing it as an example of stocks.

And crypto, specific to bitcoin is what profitable to me. There could be a lot of money in altcoins too but it's hard to spot on so I'll be going with a slow but safer path.

Firstly, you need to understand that stocks is different from crypto. Crypto is a currency but stocks isn't. Because it is a currency, worth a lot, can make you rich quickly(people's belief), it's something worth keeping discreet. You could save yourself from government trouble(depending on your country). Keeping it discreet can also save you from getting hit by a $5 wrench. Unlike stocks, bragging about crypto or even telling people you're into it can start attracting some unwanted attention which could end in a robbery. You definitely don't want to be a victim of such.

Exactly, you should consider your security mostly. Because telling people may just put you in harms way. It's not like it should be a complete secret, but it is not something to always talk and brag about to people and everyone you come across. If you speak about it so much, and someone happens to get a hold of your phone or devices where your wallet is stored, you could loose all your portfolio and have no idea who did it. You should generally be careful who you discuss investments that you have with.

That is not true at all, people who invest in crypto currencies such as Bitcoin do boast of it. Unless maybe that’s how it is for you you don’t see people that boast of it but I can tell you for sure that so many people who invest in Bitcoin always proud that they’re investing in it.

But sometimes it’s good to keep whatever business you are doing to yourself, whether it is stock market or cryptocurrency market, sometimes it’s good to have a secret and just keep it to yourself when it has to do with business. Why people might want to keep something secret is because they don’t want to draw a lot of attention to themselves, and you know how jealous others can get when you are doing really good in your business.

I think it has to do with the recognition of stocks compared to cryptocurrencies.

Remember that trading stocks is a legal way of investing either short/long-term as it is recognized globally. Not to mention, almost all of tyrants in the business world are engaged into stocks. That is why, whenever someone mentions that they are into stocks, people assume that they are knowledgeable on the market.

As for cryptocurrencies, there are countries which prohibit the utlization and transaction of such. Being decentralized, it has this anonymity factor where transactions cannot be traced. This posed a problem before where it has been used as a money laundering scheme which further degraded crypto's reputation over the years.

Such a mentality is found among people who are from the countries in which cryptocurrency isn't legalized. Earlier there is an understanding that Bitcoin is developed for the purpose of gambling. This had a negative opinion among people, and that also makes people uncomfortable saying they're into gambling. Now things are different and people are aware about the real market. There is positive news on bitcoin legalizing, so then onwards none will feel bad or keeps their participation into crypto a secret.

I think not everyone understands about crypto and some people have negative views about crypto. So that's one of the reasons why people are more secretive about crypto. but I think here, especially in a country that has accepted crypto, people have started to understand it and even many are starting to learn about the crypto world. so it really depends on the scope of the people whether they can accept crypto or not.

Indeed! Still a lot of people have negative outlook towards crypto. They usually think that crypto is used for money laundering or it is a scam. But I believe, this perspective is changing as a lot of them are also educating themselves especially when known personalities like Elon Musk got into this market or when big financial institutions like MicroStrategy are heavily buying bitcoin. And now, with countries like El Salvador making bitcoin as legal tender, definitely, they will take a second look why a country will make this as a legal tender. So their perception towards bitcoin is changing because of the stakeholders that are known to promote this currency.
But in my experience, it is better not to divulge your crypto dealings because it is hard to explain it to others. Better mind your own business here so at least less headache.

While investing is stocks people are directly getting involved and investing in a company that they think might grow and be profitable , they are regulated by government and hence are legal ,
but if we see crypto its basically just a digital asset which are mostly unregulated due to its decentralized nature , they are accepted as legal tender in only one nation and most of the countries are observing and are confused between the legality of crypto , plus online stock exchanging are around from 1970s with roots  starting from 1600s , before cryptocurrencies , stock was the biggest profit making asset.
plus stock being legal might be the major reason behind your query.

It's not about being ashamed of telling people that you're into crypto but it's about being protective.

There's the understanding that when you're into stocks, it's totally fine as it's what the rich people does.

Whilst in crypto, when you tell it to people, they'll be imagining that you are too wealthy and there were series of personal attack to people who owned crypto with the intention of stealing their crypto.

Maybe due to some governments' strictness towards cryptocurrencies, stocks and forex are mostly recognized as legitimate forms of investment. On the contrary, crypto is not recognized and a lot of scam projects from the crypto market are created. This really hurts the reputation of bitcoin and the market. Besides, I don't think we should brag when it comes to crypto, crypto is highly decentralized and anonymous so I think it should be kept secret.

A real time incident happened just 30 minutes back. On travel met a person from my region (means around 10km from my hometown). I don't know him and as we're from closer region we had a conversation. He is completely a stranger to me. Both introduced ourselves and then the conversation happened as below.

Me : What are you doing now, because he said he quit his job few months back.

Him : At present I'm into stock market related investment and trading, and he raised a question what am I doing?

Me : I was into cryptocurrency related investment and trading.

Him : Now he said myself too into cryptocurrency investment, and I keep hold of two ethereum and more other cryptocurrencies.

Me : Asked why you said it as stock market related investment and trading.

Him : I find it hard to make people understand it. If I say stock market people easily grab it.

We think one next to us isn't aware of cryptocurrencies, but the reality is different. This is also a major reason why people find it cool to introduce their participation into stock than cryptocurrency.

Crypto valuation has not been fully positive value by every individual so it is very different from the stock market, and the risks we face are greater in the crypto world so this is the secret in making investments and when we fall in the crypto world we do not want anyone else to underestimate us because they consider the reputation of crypto very weak, although sometimes we can only smile with their negative assumptions and those of us who understand more about the world of crypto silence is The best way to solve this problem, then we as crypto users know that stocks are more popular among the public and we don't care about it.

What's the difference between stock market trading and cryptocurrency trading, if you study them both it means the same thing but on different platforms and commodities. So when next anyone says he/she is into stock market trading you should ask further what commodity they trade in the stock market.

Not everyone understands about crypto and in fact many people still get misinformed about crypto. So some people do choose to keep it a secret
that they are actually investing in crypto. This is done as self-protection from negative things circulating about crypto, because there are still many
people who say crypto is illegal and a scam. Very much different from the stock market which has been known to many people for a long time,
so if other people know that we invest in the stock market, it makes us proud. Because most people who invest in the stock market are rich.
This is what makes some people uncomfortable if they have to tell others that they are investing in crypto. Things like that cannot be left alone,
we must dare to tell others that we are investing in crypto, explain well about crypto to others. So there will be more people who think positively
about crypto.

Really and who are those people? as long as I know people tend to talk more when they are investing in cryptocurrency because of the hype and trend so they just also share the things that they are doing in crypto world. Maybe those people that you are pertaining just want silence, of course whenever someone who don't know about crypto sees that he is earning in cryptocurrency then that person might ask things about crypto then suddenly go invest as well and then once they have seen that the market is going down they will just ask you about what happening and seems like they are blaming you, I have experienced this thing before when someone asked me about crypto.

     If you are like that, then there is a problem about how you think about things. I suggest that you care less about other people's opinions and focus more on what you love to do and isuch more comfortable for you because in the end, it is your money that you will invest your hard work and all. Win or lose you will be the one celebrating or crying. People tend to hate something new that they do not understand, even more when they feel they have been left behind and jealous but too egotistic to accept it. Hope you or the one that is being looked down upon just because of being a crypto investor manages to rid himself of the worries he has about other people's perceptions about him.

Since I live in a country that is not completely legal to use cryptocurrency, most of the owners keep it a secret including myself and there are still many people who underestimate crypto because it is not legal and most countries forbid it.
unlike stocks or others which are legalized by the government and have been around for a long time and also very familiar to everyone, and I am more peaceful like this or keep it a secret which looks like an ordinary person but whatever I want I can have it and it makes them feel confused, but I ignored it. :D

TBH, I don't know the feeling because I've never shared to any of my relatives anything regarding my investment whether it is stocks or crypto.

Well, maybe the fact that crypto is more complex than stocks is the reason why some are keeping it as a secret. If you will ask an investor that you bought a stock in your country, it will be easy to understand since they might know the company especially if you invested in popular company. In crypto, if you will ask it into a normal investor their curiosity will prevail. Questions after questions after questions will be done up to the point that you yourself will give up or he might not be interested to crypto too.

not long ago I had a hk ex.love for some reason she often brags about investing in stocks like your topic in gold trading he often earns 3K to 5K usd ,but she doesn't know in crypto trading if big capital can be more than his trading profit on the stock market ,she reason because of the negative news that is often present in crypto so she doesn't want to take risks but I often emphasize that they are both digital asset that are worth trading in business profit and loss is a common thing ! I take from several points is that it turns out that news can also affect

Same behavior and im really making myself low key after all the things ive been dealing with.You cant really just shared up on what you are engaging into specially if they do saw that you have some
sort of lavish life or something doesnt have problems in terms of financial which simply means that they would really be envious on what you had attained and its better that those things
will be the solid proof that you are really doing well with your online job. :D Doesnt matter whether you do stocks or crypto as long you do make money
then that what matter the most.