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.