Definitions for Bitcoin Talk -
FOMO - Fear of Merit Omission,
FUD - Flood Useless Discussions,
Shilling - necro-bumping old and expired threads with useless comments.
Topic: Be careful of FOMO, FUD and shilling (Read 236 times)
In fact, it has proven that paper money has not failed yet, and that it still exists and grows and that no one is strong enough to replace it. And the government never lets it be lured by other currencies
The biggest problem of investors is indecision. When you find it hard to make a decision and stand by it. You tend to be moved by any news coming out. And investor should have a strong believe and good knowledge of the market. Paying attention to actions of other investors could be risky
Yeah, FOMO , FUD and shilling can prevent you from get out of your fear to dare taking risk, as investment without risk no fun and no profit
FOMO, FUD and shilling might have it's negative effects bout also those possess some positive side also. They have the ability to temper with the demand of the coin or altcoin there by causing an upward or downward movement of the price of the commodity. The only problem with FOMO, FUD and shilling is if not properly accessed can make one take a wrong decision beside that it is always going to be a part of cryptocurrency market
The most common victims here are always newbies, they came in the market unprepared both logically and emotionally that is why they are left like sitting ducks from this kinds of events. The fear of both not earning and losing money is what makes them take the bait and fall victim over and over again. This won't stop as even before we are using this terms (FOMO, FUD, shilling) or even before this market was made this things are happening in other markets as well, and the common thing they have is that the newbies are the ones being victimized by their own actions.
I just learned about Bitcoin about a week ago. So how could I analyze which one is FUD and which one is FOMO? How will I know the safe coins to invest and not only based from shills.
It all goes back to investing on emotion.
You constantly have to question yourself and take a step back. I've taken it a step farther and will wait out investing in something. I'll take a step back, sleep on it, re-read and study more. 95% of the time I end up in a better position that way.
It is incredibly easy to get caught up in the hype and madness. We saw it during the last bull run. People that had no business investing, taking out mortgages and borrowing from credit thinking they were going to hit it big. Now they are upside down and claim crypto is a scam.
You constantly have to question yourself and take a step back. I've taken it a step farther and will wait out investing in something. I'll take a step back, sleep on it, re-read and study more. 95% of the time I end up in a better position that way.
It is incredibly easy to get caught up in the hype and madness. We saw it during the last bull run. People that had no business investing, taking out mortgages and borrowing from credit thinking they were going to hit it big. Now they are upside down and claim crypto is a scam.
It's been discussed here:
How to escape FUD and FOMO to peace of mind?
What is FUD? The definition!
Can FUD destroy bitcoin?
Do not respond to FUD threads!
The best weapons against this malicious intent? Used your common sense and due diligence and I think that you're going to be fine in this crypto world. The problem with newbie though is that they're too involved with their investments and anything they hear around the forum affects how they trade or play around with their funds.
How to escape FUD and FOMO to peace of mind?
What is FUD? The definition!
Can FUD destroy bitcoin?
Do not respond to FUD threads!
The best weapons against this malicious intent? Used your common sense and due diligence and I think that you're going to be fine in this crypto world. The problem with newbie though is that they're too involved with their investments and anything they hear around the forum affects how they trade or play around with their funds.
Hello community
First let's explain what the status quo terms means. Although so many by now know what the mean for the newbies like me.
FOMO... Fear of missing out
FUD.. Fear uncertainty and despair
Shilling... This is when a coin is getting hyped by a person,group etc
In the cryptocurrency world FOMO, FUD and shilling can be good but also they can be misleading. Just like you so many others are here with the intention to gain.
Adverse effects of FOMO, FUD and shilling in investment
With so many ico, coins, and altcoin and alot of investors in the system it won't be surprising to notice ideas, thought and recommendation flying around some of which are born out of criticism, competition, speculation and just completely baseless. No one owes you any legit solution to understanding the cryptocurrency market so don't expect everyone to have your interests at heart. Making investment moves just based on FOMO, FUD and shilling can land you into some precarious position. Even the ideas of experts can be sponsored. So it's best to believe your instinct and have a good personal understanding. The market is volatile and that means changes are constant avoid been greedy not all well writing white paper turns out to be realistic, it's not the amount of investors that makes an altcoin turn out great. We are in a decentralized system so there is no regulations that enforces any project to leave up to there expectations.
First let's explain what the status quo terms means. Although so many by now know what the mean for the newbies like me.
FOMO... Fear of missing out
FUD.. Fear uncertainty and despair
Shilling... This is when a coin is getting hyped by a person,group etc
In the cryptocurrency world FOMO, FUD and shilling can be good but also they can be misleading. Just like you so many others are here with the intention to gain.
Adverse effects of FOMO, FUD and shilling in investment
With so many ico, coins, and altcoin and alot of investors in the system it won't be surprising to notice ideas, thought and recommendation flying around some of which are born out of criticism, competition, speculation and just completely baseless. No one owes you any legit solution to understanding the cryptocurrency market so don't expect everyone to have your interests at heart. Making investment moves just based on FOMO, FUD and shilling can land you into some precarious position. Even the ideas of experts can be sponsored. So it's best to believe your instinct and have a good personal understanding. The market is volatile and that means changes are constant avoid been greedy not all well writing white paper turns out to be realistic, it's not the amount of investors that makes an altcoin turn out great. We are in a decentralized system so there is no regulations that enforces any project to leave up to there expectations.
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