The crypto realm is becoming a universe on its own. Maybe we are about to see the rise of a realm with its language and characters! However, the recent trends show that there are multiple crypto slang and jargon.
You will need to know the meaning of all these if you need to understand what your crypto-enthusiastic friends are conversing about.
Moreover, crypto is turning out to be an ideal platform to invest and grow your fortune. Here we are about to learn one such crypto slang, ‘FUD’. So, come let us decode and learn crypto.
‘FUD’? Crypto FUD? What is it?
Well, it’s not food, but ‘FUD’. Have you ever heard of this term before?
FUD stands for:
F – Fear
U – Uncertainty
D – Doubt
The three words that can be associated with crypto. FUD often refers to negative views or news about crypto that exists in the crypto market.
It is a term that appears in crypto social media and is widely used to show how investors feel about crypto. It is most commonly associated with BTC and ETH.
Where does ‘FUD’ come from?
What is the origin of the term ‘FUD’? Is there a story behind its origin? You may be familiar with the word being used in crypto circles. Although, the word was first introduced before the public back in the 90s.
It was used by IBM in a description where they detailed marketing tactics used by leading tech companies to discourage their customers from getting attracted to their competitors.
These pioneering companies attempted to persuade their customers to buy only their products and they could not even think of losing their customers to other companies.
Why ‘FUD’ in crypto?
Why is the term even used in the crypto, right? Everyone knows crypto is unstable. Even though why do we have to use a particular word to disturb the potential investors?
In some cases ‘FUD’ is used to refer to some fact-checked new pieces, or about a genuine cancer raised by a crypto watchdog. However, the word is also used to refer to baseless information and to spread false news.
It creates a sense of fear and worry in the buyers which dissuades them from purchasing crypto, in many cases.
Does ‘FUD’ stand only to push down crypto?
No, the word is not always used to push down the crypto concept or to discourage buyers from entering the crypto market. It has become a synonym for crypto price fall.
A sudden fall or expected drop in the price of crypto is quite possible and happens often. Therefore, traders use this term when they talk about the price fall of a crypto.
When a particular crypto is having a bear run it is common and we have already seen famous crypto traders mention it as a ‘FUD’.
What is an example of FUD in crypto?
Let us look at the examples of FUD in crypto
All these can create a negative outlook for crypto in society. It is one of the major reasons why still so many people do not get much closer to crypto. Even those who know about crypto in detail hesitate to invest in crypto.
One of the common reasons is the fear of losing money. A large community of investors still do not see crypto as a safe option. There is much confusion regarding it. The concept of the bitcoin bubble and other confusions add more to their unwillingness.
Does ‘FUD’ happen in the crypto market?
What does it mean when ‘FUD’ happens in crypto? When you hear someone say ‘FUD’ happened in crypto it means that someone has posted a negative story on crypto. Typically, you can find ‘FUD’ stories on social media platforms such as Twitter, Discord, Telegram, and related.
You may be part of a Discord or Telegram group or channel to get quality crypto training signals and the latest news on crypto. When someone posts negative news in these communities, ‘FUD’ happens.
The negative news that you came across may be a legit one but it can also be an unverified one. So, when you see negative crypto news, you can not immediately consider it. The spreading of false news forces you to double-check the news before you make a decision
FOMO vs FUD in crypto
FOMO stands for ‘fear of missing out’.
FOMO and FUD are not the same and they exist in the opposite poles. FOMO is when positive news on crypto appears on social media platforms.
For example, a government may have accepted crypto in their jurisdiction, or international or national commerce/e-commerce platforms have added crypto to their payment option.
This will lead to more demand for crypto. Potential buyers and traders will see a chance for the price to face a bullish run. It will lead to more people buying crypto.
FUD as we already discussed is when negative news comes up about crypto and it dissuades people from buying crypto
The Bottom Line
‘FUD’ is becoming a popular crypto jargon. It has the potential to spread panic among the crypto circles about a particular crypto coin or a blockchain product. Initially, it was used by tech giants to direct their customers away from their competitors.
The term is now used widely in crypto communities. It can be used when you mention a negative price performance of any particular crypto. However, it is mostly used to spread negative news and baseless speculations about the crypto and to give it an unsafe feeling. Has ‘FUD’ ever happened to you? If yes, how severely does it impact your decisions? Please let us know in the comments below.
Stay tuned to learn about more crypto slang and jargon.
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