Fear, Uncertainty, Doubt ...(FUD)
In my previous article I told you about FOMO(Fear Of Missing Out). Now I'm going to talk about FUD (Fear, Uncertainty, Doubt).
Fear, uncertainty, and doubt (often shortened to FUD) is a propaganda tactic used in sales, marketing, public relations, politics, polling and cults. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.
While the phrase dates to at least the early 20th century, the present common usage of disinformation related to software, hardware and technology industries generally appeared in the 1970s to describe disinformation in the computer hardware industry, and has since been used more broadly
source en.wikipedia.org
FUD (Fear, Uncertainty, Doubt) is spoken during periods of Bitcoin price and bear market, when the market is in a downward trend. FUD is a tool in the hands of people who are biased into the cryptocurrency market. So what exactly is FUD?
FUD (Fear, Uncertainty, Doubt) is often used in both economics and politics. Manipulation is created especially with the news broadcast to the masses through the media. Attacks on anything that is guided by manipulation become easier and try to reduce its reputation. The cryptocurrency that is being manipulated can be the firm or the politician.
FUD is not only made by news sources. Social media platforms (WhatsApp, Facebook, Twitter, Telegram, Instgram,…) play an important role in the initiation of FUD.
One of the most important events that can trigger FUD is the emergence of scams, hacking or vulnerabilities in a cryptocurrency exchange. Sometimes, even a temporary rumor about a scam can be enough to provoke some fear, uncertainty, and suspicion.
The cryptocurrency is still in its infancy and is still largely unregulated. For some enthusiasts, this lack of regulation is at the heart of the success of alternative digital currencies. Others believe that the need for regulation is becoming increasingly urgent, and the current lack of rules feeds fear, uncertainty, and doubt in society.
FUD levels vary around the world, and these levels vary depending on the government stance involved. For example, the use of cryptocurrency is prohibited in some countries.
The investor can begin to experience the FUD at a time when the price of a digital asset is falling. Let's take Bitcoin as an example. If the price of bitcoin suddenly starts to drop below its previous nominal value, altcoins will usually follow it. This can lead to a bear market and crypto enthusiasts will avoid shopping any further. Investors may start to fear that their capital will be lost, they may not be sure where Bitcoin will go, and may even doubt that it will recover.
FUD Isn't Always a Bad Thing
There will always be extreme high and low prices. Many instances of people withdrawing through the FUD (Fear, Uncertainty, Doubt) are often due to their inexperience in the markets. Since there are many people who liquidate their assets while the FUD is alive, this actually creates new opportunities for those who hold on. If the price of an asset is falling and the investor thinks it will recover, he will buy the assets sold. In doing so, significant gains can be recorded, but the risk is also very high.
My Final Words
FUD (Fear, Uncertainty, Doubt) levels are variable in markets with high volatility. Reactions caused by uncertainty can be understood. However, a deeper understanding of the markets, following cryptocurrency exchanges, and keeping an eye on the latest news will help you keep those feelings in check. It is an important precaution against the FUD (Fear, Uncertainty, Doubt) that people put aside their ambition, emotionality, fear, indecision and doubts and increase the knowledge and solidarity that are their biggest trump. No matter how reliable a news source is, you should think twice about the news you read and not be a part of manipulations. As I always said, listen to everyone, decide for yourself ...
I hope this issue has created awareness for you. Thank you very much as always for reading, liking, following and for your support for the continuation of the articles. See you next time. Take care of yourself…
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