How FUD’s Prove to be Disastrous for the Cryptocurrency Community.
Mar 24, 2018 Posted / 1399 Views
Fear, uncertainty, and doubt (often shortened to FUD) is a disinformation strategy used in sales, marketing, public relations, talk radio, politics, religious organizations, and propaganda. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear. The term FUD is also alternatively rendered as "Fear Uncertainty and Disinformation". By spreading questionable information about the drawbacks of less well-known products, an established company can discourage decision-makers from choosing those products over its own, regardless of the relative technical merits. This technique has been used for a very long time. There have been various fluctuations in the Crypto market due to these kinds of FUDs.
Some of the illustrations are.
All these FUDs among people have played a predominant role in moving the prices of cryptocurrencies. The high volatility of cryptocurrencies is also one of the reasons as to why it fluctuates at this scale.
As these FUDs among people could drive Crypto prices like crazy. It is more likely that in future, any other bigger FUD could destroy the Crypto world. The breakdown of the Crypto world may also be associated with the high amount of restlessness among the massive group of millennials who are a part of this crypto world.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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