We often see negativity and rumors spread in the market as traders sell their stocks. As if they doubt about the future of their token which causes fear in their mind and they sell their accumulated tokens or coins to escape the uncertainty. Associated with al is the term FUD. FUD stands for fear , uncertainty and doubt. This word works in us when there are negative or rumors in the market. Since many of us are involved in the market, we should know about this. So today I will discuss with you how it affects the market. So let's begin:
How FUD Impacts on Crypto
This kind of uncertainty, fear and doubt is created in the mind of traders only when there is any negativity or rumor in the market. And that's why some whales spread such negative or rumor market for their profit. Of course, they have ulterior motives. They markets are sometimes so negative or rumors that people sell their coins at a loss due to uncertainty. However, such harmful effects are temporary. For example, there is a negative buzz in the market that Bitcoin can flop at any moment. As a result of their rumours, many will start selling their Bitcoin holdings, which will have a temporary effect on Bitcoin. As a result, the price of BTC will fall slightly. But this price should decrease temporarily as it will return to its previous position in a short time. As a result unscrupulous people take advantage from here.
What should we do to avoid FUD?
We all know that patience is very important as well as persistence to survive in the crypto market. So we have to sit patiently during this time and remember that this is a temporary decline. It will return to its previous state after some time. For example, if the price of a coin falls as a result, then I think that if there is any dollar in hand at that time, it should be bought again with a part of it. This is smart and selling at this time is stupid. So we must be patient to avoid all these false and negative influences and also we need to review a lot and also gain knowledge about crypto.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
tweet link
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Really appreciate this educative content from you on FUD and it's impact on Cryptocurrency, your advise on how to behave in this time of uncertainty in the market is solid indeed 👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
FUD is important in crypto market. Thanks for sharing your valuable reply.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is an interesting post you have shared on FUD and it's impact in the cryptospace, thanks for sharing with us 😊
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit