What does Fud mean in crypto?

The crypto acronym FUD stands for "fear, uncertainty, and doubt." It describes market participants' scepticism about cryptocurrencies and their long-term viability. Fudding can mean many things in crypto. But first, let’s explore what FUD is.

What is Fud in business?

FUD is a strategy that appears mainly in politics as well as in business. Here the above-mentioned characteristics of fear, uncertainty, and doubt are used against a competitor in order to ensure that potential customers don’t choose the company concerned. In general, FUD is prohibited as unfair competition in most countries.

How to counter Fud in the crypto space?

Unfortunately, the crypto space is filled with several trends on a daily basis. It is up to us to research the facts and make judgments based on the information. That is if you want to make an informed judgement before buying or selling off your coins. This is an ultimate way to counter FUD in the crypto space.

What's going on with the Fud?

Last month, the FUD centered around the U.S. infrastructure bill in Congress that contained mandates on tax compliance for cryptocurrency brokerages. Yet it didn’t do much to dent the bullish sentiment within the crypto-community, with Bitcoin, Ether and others continuing to rally.