CMC Academy dives into the meaning of FUD, and how the term has been around for way longer than many people think.
With a seemingly endless stream of news hitting the press, it's hard to know what is real and what is not. In today’s article, CMC Academy dives into the meaning of FUD, and how the term has been around for way longer than many people think.
FUD is – like many other crypto slang – a term that found its way into the crypto community after a long time. It is short for fear, uncertainty and doubt.
The term is used to refer to a situation in which people spread overly negative news about the market or a specific project, or when they show uncertainty, fear and doubt around a crypto project.
In some cases, rival projects launch FUD campaigns to create uncertainty around competing projects to push their prices down and shift the attention to their own tokens. In other cases, individual accounts spread rumors about projects for fun or to create selling pressure.
In essence, while FUD is mostly used to describe the feeling of fear, uncertainty and doubt, it can also be used to accuse someone of spreading nasty rumors to help themselves.
The concept of FUD has been around for decades. However, it wasn’t until 1975 that the abbreviation was coined and used in marketing, sales and politics. Especially in the business setting, FUD has been a powerful concept in convincing clients to use one product over the other.
Common Crypto FUD
A piece of FUD that often returns is China banning crypto. This headline is very popular and never fails to push prices down. In the past years, China has supposedly banned Bitcoin 10 times, and people are starting to catch on to the FUD.
Another example is the popular statement of no-coiners that crypto is used by criminals. It is done to discourage people from investing in crypto.
FUD is a great way to quickly label news you deem exaggerated or overly negative. It is important to remember that not every piece of bad press is FUD, even when die-hard shitcoin communities jump to slap a FUD label on it.
Always do your own research to see for yourself if something is real or just another piece of FUD.
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