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

[Assface16678]

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.

[yazher]

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

I 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.

[deathcode]

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.

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.

[tazmantasik]

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.

[dupee419]

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?

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.

[ipanks]

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

[zanezane]

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.

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.

[Sanugarid]

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?

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.

[ChiBitCTy]

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.

[bitzizzix]

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.

[V-t.Ester]

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.

[Kelvinid]

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?

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.

[OgNasty]

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. 

[Rengga Jati]

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.

[MCobian]

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

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

[Lanatsa]

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. 

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.

[Finestream]

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

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

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

[milewilda]

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

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

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

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

[Bazley]

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.

[pealr12]

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.