What is FUD? What to Do When Facing FUD?
The cryptocurrency market is a market with a lot of FUD due to various factors. So, what is FUD? What should you do when encountering FUD? Let's find out together!
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What is FUD?
FUD (Fear, Uncertainty, and Doubt) is a term used to describe the spread of negative, unverified, or exaggerated information about a project, product, individual, or organization. The purpose of FUD is to create skepticism and fear in the minds of investors, causing them to withdraw from the market.
FUD
In the cryptocurrency market, FUD often occurs when negative rumors about a cryptocurrency or blockchain project are circulated. This can lead to investors selling off their assets, resulting in a sharp decline in the assetâs value over a short period.
Alongside FUD, FOMO (Fear Of Missing Out) is also a common phenomenon in the cryptocurrency market. FOMO occurs when investors hastily participate in a price surge, without considering the risks. The severity of FOMO and the number of investors affected can significantly impact the dynamics of the cryptocurrency market.
