Investment

What is FUD? Get a Full Explanation from Bitxcon!

single-image

It is important to avoid misleading information and control emotions when making investments. You must be aware of FOMO and FUD to become a successful investor. This article will explain what FUD is and FOMO.

FUD in the crypto market: There is the spreading of hoax information and information that is not reliable to scare the common people about the movements of the crypto markets. This is done to make the price fall sharply. How is this possible?

What is FUD?

FUD stands for Fear, Uncertainty, and Doubt. FUD is a psychological state that can influence crypto-asset investors’ decisions when trading, buying, or storing coins. In addition, FUD is a feeling that can be consciously created by third parties to influence your choices.

Sometimes the FUD’s fear is based on something ludicrous and not the actual reality. For example, an influencer who has a lot of followers claims that Bitcoin will explode today. In the end, this unfounded statement made ordinary people fearful and took careless actions. This led to a loss of knowledge.

This happens when you spread FUD about the coins you are interested in and attempt to lower the price. Although you believe in this coin, you still want to buy it at the lowest price. Next, create a fake message that you criticize this coin to lower its price. You are trying to scare people by putting FUD on the coins. This is a tactic that makes the coin seem shady and uncertain. It also gives you an argument for selling the coin. You can then invest at a lower price if the price drops.

People will be tempted to invest in your currency because they are afraid of uncertainty or doubt. What is the result? The result? FUD has a greater impact on traders’ decisions than it does spread.

Influencers are often used to run large-scale FUD campaigns because only you can create fear in others and influence their decisions.

FUD: Be prepared

FUD is a general term that refers to FOMO. The best advice you can get is to not sell cryptocurrency out of fear. This is an emotion you want to work on naturally, so it can be more difficult than you might think. However, many options will allow you to take your time before deciding whether you should buy or sell cryptocurrency.

Before investing in cryptocurrencies, you must be educated about them. However, keep in mind that any information you receive about this cryptocurrency, if it is through an obscure source, don’t believe it right away, may mislead you. So please don’t believe everything they say.

Look at the authenticity of the source. For example, are there any recommendations from close friends to you about cryptocurrency investing in certain currencies? Does he have a good reputation for providing investment advice? Let his advice be more valuable than any negative message you receive on a website you don’t know.

Leave a Comment

Your email address will not be published.

You may also like

Opinion

VR Founder Says Bitcoin Is Ponzi Scheme

single-image

The person who started the VR field stated that Bitcoin is merely a component of the Ponzi scheme, and not anything else since it’s lucrative for early investors, and less so for late Investors.

In an interview on The Lex Fridman podcast, the founder of Virtual Reality Field, Jaron Lanier, spoke about his negative opinion on bitcoin.

As per Jaron, Bitcoin is profitable for those who invested for a long time or early in the process. Early investors make massive profits, while other late investors made less money.

Jaron’s a Computer scientist, the way he approached it was from an engineering point perspective and stated that Bitcoin’s network with wealthy investors to investors with low income as well as gambling, is closely linked to it. He stated that Bitcoin is a major part of the market, but it’s…

View More Article
Investment

Psychology Relationships in Cryptocurrency Trading

single-image

Psychology Relationships in Cryptocurrency Trading – Each time you complete another Bitcoin transaction, you’ll be influenced by a strong inner belief system. When you click the button to buy or sell and confirm your goals and perception of your self-worth.

If you get a dose of news that is bullish (bearish) news your financial situation, as well as your self-esteem, could impact. You may overreact and cause you to trade excessively or hesitantly. A fundamental comprehension of the mentality behind Bitcoin trading can help you ensure that your investment and trading strategy is stable.

What is the Psychology In Trading Cryptocurrency?

The psychology of trading is an internal condition of self-awareness, determination, self-esteem and self-control, and a sense of accountability. It affects all aspects of your investment and trading activities and your decisions.

The psychology of…

View More Article
News

Elon Musk Urges Dogecoin Community To Run Own Nodes

single-image

In the past, a DogeCoin developer advised the community to upgrade the node to decrease Doge transaction fees, and also to expand the efficiency of the network.

On October 13, 2021, Shibetoshi Nakamoto ( Billy Markus) the developer of DogeCoin who has left the DogeCoin project, is no longer part of the DogeCoin project, took to Twitter to ask members of the DogeCoin community to help support the DogeCoin network with the latest update of nodes.

Shibetoshi Nakamoto ( Billy Markus)

Shibetoshi tweeted that he would like to maintain the transaction and data of the blockchain system, the running of nodes is a crucial aspect. And it would be better if DogeCoin community members upgrade their nodes to 1.14.4.

Shibetoshi stated that 1.14.4 nodes will be able…

View More Article
News

Russia Has No Intention To Ban Crypto Like China

single-image

The Deputy Finance Minister of Russia confirmed that they are not gonna ban Crypto and also they believe that Blockchain has better potential in the future of Russia.

In the past, many politicians of Russia trolled crypto and crypto related businesses and their statements were showing an indication that the Russian government may ban crypto permanently. But the latest statement by a Russian official gives a better vibe for the crypto community of Russia.

According to a local media report, The deputy finance minister of Russia, Alexey Moiseev, stated that they have no plans to ban crypto totally like China. further added

“At the same time, citizens can buy (cryptocurrencies) and use wallets outside the Russian Federation. So it will remain so, I think. There are no plans to change anything.”

So people have…

View More Article