FUD [2021]

FUD stands for “Fear, Uncertainty, and Doubt”. Briefly, it is a strategy to influence the market by spreading negativity on a particular cryptocurrency. It is a way of using false information to denounce cryptocurrencies. It can also lead to a drop in the value of cryptocurrencies. FUD is also used to describe crypto skepticism.

Let’s look at some of the examples of crypto FUD:

  • Cryptocurrencies are used in criminal activities.
  • It is subjected to security breaches.
  • Lack of inherent value.
  • Bitcoin is the biggest Ponzi scheme of all time.
  • Bitcoin mining is harmful to the environment.
  • Government would probably ban crypto.