FUD is Fear, Uncertainty, and Doubt (often spread on social media or mass media). FUD can make the price of a coin to fall without fundamentals and technical, rather on bad news that are spread on social media platforms. In many instances, the bad news isn’t substantiated or grounded in reality and finally it turns to be something silly like a popular person or a celebrity sharing their negative opinion, for instance calling Bitcoin a bubble. In short, The fear, uncertainty, and doubt-inducing idea being spread around media is known as FUD.

FUD, FOMO and HODL

Both of these are sometimes used by astute traders as contrarian indicators. They buy the asset at low prices when FUD spreads everywhere. When people experience FOMO, astute traders may sell at a high price.

“Hodl” word is also famous in the crypto world. The term HODL is interpreted as “hold on for dear life.” This use of this word came from an old Reddit post where someone posted a long rant about having trouble timing the market while misspelling the word “hold” several times. Initially It was used in reference to Bitcoin, However now it is applied to different types of crypto currencies.

Use of FUD And How it matters ?

Crypto community use FUD as a part of the overall information that impacts the price of the crypto’s in market. Newbies and Retail investors get frightened up easily with the spread of such negative news and that prompts the traders to sell while the rest is a self-fulfilling prophecy of a correction playing out.

Conspiracy theorists  argue that it is always whales and the elite and wealthy are behind spreading FUD which weighs on the value of Bitcoin or crypto and exploit the situation as a part of a devious strategy.

FUD matters as the Newbies get easily frightened and thus it leads the price to crash for long-term holders and the average cryptocurrency enthusiast with strong hands.

FUD in the Context of The Cryptocurrency Market

Crypto FUD and Memes

Final words

Crypto FUD is a crypto term that is almost as old Bitcoin. Now those who spread the crypto FUD are most likely doing with a hope of buying the coin at lower prices as holders will be induced to sell.

However, FUD isn’t always a bad thing. For instance, many BTC miners left China seeking a more welcoming environment, BTC mining is now a much greener industry, taking place mostly in the United States under stricter conditions.

New slangs will find its way onto the Internet every day. For the crypto sphere that is so young and lively, you can only expect slang to flourish even more!