DeFi 101Sep 18

FUD in Crypto Explained

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FUD in Crypto Explained

Summary

· FUD means Fear, Uncertainty, and Doubt

· FUD spreads false and misleading information about cryptocurrencies

· FUDsters are crypto cynics

· The term is embraced on various online forums like Discord, Twitter, and Reddit

FUD is an acronym for Fear, Uncertainty, and Doubt. This strategy is used to influence the perception of the crypto market or some cryptocurrencies by spreading false, misleading, or negative information. Most crypto enthusiasts use the term to refer to anything or any situation against crypto or Bitcoin. These enthusiasts will most often dismiss anyone who is a cryptocurrency cynic as FUDsters.

FUDsters are the naysayers of cryptocurrency and include famous personalities like Paul Krugman and Warren Buffet. Crypto enthusiasts dismiss the naysayers and consider them and their sentiments as propaganda. FUD is a grey term, but its meaning is a generalization of the derogatory comments surrounding cryptocurrency. The term is embraced on various platforms like Discord, Twitter, and Reddit that are crypto supporters.

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