FUD

The acronym FUD stands for “Fear, Uncertainty, and Doubt.” FUD is the propaganda of spreading negative, misleading, or false information to the public to influence their opinion on specific cryptocurrencies or the crypto market.

Someone who spreads FUD is called FUDster. FUD greatly impacts how and when crypto investors sell, purchase, or hold onto their coins. Crypto Naysayers are also many times perceived as FUDsters. During FUD one can see astute investors buying crypto assets at reduced prices.

FUD is often a term used by the crypto community to talk about the scepticism revolving around a cryptocurrency that is following a bearish pattern temporarily for the inevitable crypto market.

FUD and crypto nonbelievers:

The meaning of FUD also includes arguments from crypto nonbelievers. These comprise talking points from a few traditional economists as well as politicians. Some of the arguments considered “biggest hits” include:

Cryptocurrencies including Bitcoin are valueless
Cryptocurrencies facilitate crime and cyberattacks
Crypto mining is harmful to the environment
Governments will soon impose a ban on Bitcoin and crypto
Bitcoin and Cryptocurrency are the “biggest Ponzi scheme in human history”.

Crypto enthusiasts often reject these kinds of remarks as debunked propaganda by government bodies. Gradually, the term FUD is widely embraced on platforms such as Twitter, Reddit, and Discord that support cryptocurrency.

What are the sources of FUD?

The term crypto FUD is almost as old as Bitcoin itself and can occur in both stocks as well as cryptocurrencies. It is believed that those who spread FUD are usually the ones who wish to buy digital coins at lower prices after causing holders to sell.
The source of FUD can be anything. Sometimes even content creators use FUD as a marketing tactic: They create YouTube videos, blog posts, or news articles to evoke fear among the audience.

Trending

Plasma and Tether tokens displayed together, symbolizing stablecoin-backed blockchain integration.

XPL Token Soars 52% as Plasma Mainnet Launch Ignites Trading Frenzy

First Ethereum Staking ETF Begins Trading, Boosting ETH Demand

Trump with Jill Sommers and Kyle Hauptman as CFTC chair contenders.

Trump Considers Jill Sommers and Kyle Hauptman for CFTC Chair Role

About author
Disclaimer

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Share on

Follow on Twitter

Share on

Follow on Twitter