Do you consider spreading FUD to be unethical? - page 4.

Tony116

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Quote from: goldkingcoiner on January 30, 2023, 08:51:15 AM

Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?

But what would the market be like without the Fuds? Have you ever thought about that? We profit from market volatility, and for that volatility, Fuds is a factor in doing it. If we panic and lose because of those Fuds instead of blaming them, then we should blame ourselves for not distinguishing the real from the fake. Fuds and Fomo are two indispensable elements in the market, I think the market will be very boring without either of them.

goldkingcoiner

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Quote from: stompix on February 01, 2023, 08:32:09 PM

Quote from: goldkingcoiner on January 30, 2023, 08:51:15 AM

While we can all agree that panic selling is newbie domain, there are also veterans who love spreading Fear, Uncertainty and Doubt.

Let me be the one with a different opinion here.
There are way too many veterans who scream FUD even when a fact is as blue as the sky, it is certain beyond any doubt and they still scream it's not true just because they don't like it and it will hurt the price. There were hundreds who screamed MtGox collapsing was FUD, there were thousands screaming China ban is FUD, LUNA was FUD, FTX going down is FUD!

I agree that there are waay too many people screaming FUD when trades do not go their way or they lose money due to their own dumb decisions. Such behaivor is childish and completely foolish. But technically, they are not really spreading FUD but rather they are blaming FUD on their problems when they themselves caused their issues.

Real news, which has not been in any way manipulated or overexaggerated is always most welcome to anyone, veteran or not, but I think there is quite a difference between someone complaining about the news and someone who purposefully engineers his own FUD, using the news as a basis.

For example, whenever Elon Musk tweets a picture of a doge, but does not add any textual context, I instantly see rumors being spread around of his exact intentions. Which are of course, unknown.

Pejoh Asu

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In my opinion, spreading FUDs is no longer unethical but a crime. Nowadays it is very easy to spread FUDs because almost everyone has social media like Facebook, Twitter or something else. Of course, FUDs are only carried out in a massive and structured manner. They even pay the media to spread FUDs. Unfortunately the cryptocurrencies community doesn't really care and let the FUDs go, it's appropriate that the perpetrators of spreading FUDs are said to be criminals.

OgNasty

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I think if you’re spreading misinformation for nefarious reasons like lowering the price of an investment or scaring people away from an investment then that is definitely unethical. If you are genuinely afraid for reasons due to your own ignorance than I could see how expressing your fear is a cry for being educated and not an unethical spreading of misinformation.

Fundamentals Of

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Quote from: dansus021 on February 01, 2023, 12:17:49 AM

Quote from: mk4 on January 30, 2023, 12:32:15 PM

It's totally unethical; no but's. It's like saying scamming is okay because the victim didn't educate himself of scams — it's unethical regardless of how dumb the scam is.

I do agree

Although whether like it or not fud or fake news will be there till the end of the day, cause Haters is gonna hate and it always like that right

For me FUD is not plain black and white. So I think you cannot generalize every single FUD as unethical. There are probably still ifs and buts. FUD needs qualifying.

If for example there's a FUD saying the US is about to release an order for all Bitcoin transactions to be banned and all who owns Bitcoin should therefore sell right away or face the risk of being prosecuted, that FUD is a complete lie and is therefore unethical.

But for example there's a FUD saying everybody should sell because the Fed is about to raise the interest rate and the price will most likely fall in reaction, that FUD is not a lie and is therefore not unethical.

AverageGlabella

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Quote from: crwth on February 01, 2023, 08:55:29 PM

I think it's bad to think about people you are going to say that “you deserve it” and they cannot control it completely. It is definitely something that is not good, but if you know how to ride it and take advantage of that, you can profit from it. Like with the spread of FUD, you can go with the flow and buy at a discount.

Manipulation is unethical. I think everybody can agree on that.

Market manipulation usually requires a lot of influence or money. If you are using your position of power to manipulate the market that is unethical imo. If you are using a news source to manipulate people into thinking something is true when it is not then that is FUD and unethical.

crwth

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I think it's bad to think about people you are going to say that “you deserve it” and they cannot control it completely. It is definitely something that is not good, but if you know how to ride it and take advantage of that, you can profit from it. Like with the spread of FUD, you can go with the flow and buy at a discount.

Manipulation is unethical. I think everybody can agree on that.

stompix

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Quote from: goldkingcoiner on January 30, 2023, 08:51:15 AM

While we can all agree that panic selling is newbie domain, there are also veterans who love spreading Fear, Uncertainty and Doubt.

Let me be the one with a different opinion here.
There are way too many veterans who scream FUD even when a fact is as blue as the sky, it is certain beyond any doubt and they still scream it's not true just because they don't like it and it will hurt the price. There were hundreds who screamed MtGox collapsing was FUD, there were thousands screaming China ban is FUD, LUNA was FUD, FTX going down is FUD!

FUD has become the perfect reply, you don't like it scream FUD! It has become the perfect excuse also, just recently I've read in one topic of an exchange closing and this was their take on it:

Quote

So, everything was just a lie?
No, it was business as usual for everyone, everything announced in the newsletters (roadmap, v3 development, etc.) did happen, and it was never the plan to act like this – on the contrary – everyone in the team worked their ass off, no matter all the FUD coming from the community, in the hope that the crypto market would recover and we would be able to release updates and v3 in time to get back on track.

Blame everything on FUD, the great crusade against FUD, FUD the enemy of mankind!

And I'm going to be perfectly honest with this, whenever I see bad news and the first two or three comments are saying this is FUD, if I go deeper and check their history and I see more FUD being mentioned left and right I take a memo of not ever trusting those people judgment, as it's clear they are not doing any of it.

dansus021

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Quote from: goaldigger on February 01, 2023, 05:08:30 PM

FUD is not just came from the haters, it can also came from manipulator and that’s why the market will always be volatile because many wants to create panic so they can buy any coin again at a cheaper price. If you see an opportunity like this, better to grab it instead of panicking. Spreading FUD is unethical and its already part of the market, if you have a weak hands and don’t know what to do, expect to lose the money in an instant.

Oh yes this also true that they not came only from haters but still they still contribute and not gonna stop.

Quote from: Yatsan on February 01, 2023, 06:08:24 PM

Part of the 'game' I guess. Some are intentionally doing it because they want to create a wave, wherein profit could be earned by riding on it. FUDs are always expected to assets or anything that is dependent to market or majority of people's demand. Well there are indeed people who became victim of FUDs but if we would look on a deeper perspective, we as investors should be aware of what we are doing in the first place right? So maybe that is their negligence. It is money we are talking about and that is an enough reason to be "extra" on many things. FUDs are either on a positive or negative aspect. It could be fear that the price might increase already so you have to buy in an instant and such. Bottomline is to study your next move to not be caught by such beliefs.

I watched youtube recently and there is something that ended up in my brain, sometimes whales, hedge funds, or other institutional traders need more liquidity which is why maybe they creating this.

if you guy traders should check this out too https://www.youtube.com/watch?v=f19bfHpCths

Yatsan

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Part of the 'game' I guess. Some are intentionally doing it because they want to create a wave, wherein profit could be earned by riding on it. FUDs are always expected to assets or anything that is dependent to market or majority of people's demand. Well there are indeed people who became victim of FUDs but if we would look on a deeper perspective, we as investors should be aware of what we are doing in the first place right? So maybe that is their negligence. It is money we are talking about and that is an enough reason to be "extra" on many things. FUDs are either on a positive or negative aspect. It could be fear that the price might increase already so you have to buy in an instant and such. Bottomline is to study your next move to not be caught by such beliefs.

ScamViruS

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The market is free, and people spread FUD so they can take maximum advantage of the market. Manipulating the market intentionally by spreading FUD is definitely unethical.

Therefore, to trade in the market, traders must pay special attention to which news to believe and which news is FUD. And when a trader trades in the market, he has to keep in mind that various traps will be created to get him out of the market, so he has to systematically avoid all of them and stay in the market.

goaldigger

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Quote from: dansus021 on February 01, 2023, 12:17:49 AM

Quote from: mk4 on January 30, 2023, 12:32:15 PM

It's totally unethical; no but's. It's like saying scamming is okay because the victim didn't educate himself of scams — it's unethical regardless of how dumb the scam is.

I do agree

Although whether like it or not fud or fake news will be there till the end of the day, cause Haters is gonna hate and it always like that right

FUD is not just came from the haters, it can also came from manipulator and that’s why the market will always be volatile because many wants to create panic so they can buy any coin again at a cheaper price. If you see an opportunity like this, better to grab it instead of panicking. Spreading FUD is unethical and its already part of the market, if you have a weak hands and don’t know what to do, expect to lose the money in an instant.

Fatunad

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Quote from: goldkingcoiner on January 30, 2023, 08:51:15 AM

Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?

Its not an unethical on general sense but rather a casual thing that whales and big players must do to shake off those weak hands around.They might be doing it on unobvious manner(which is the case) where the public cant be able to point out whether it was really that intended or just a normal situation that happens in the market.

Unethical or not then they dont really care.What matter the most is that they would really be minding off on what are the things that they must do to drop out the market and make out advantages
using up their capability when buying huge and making significant impact and movement throughout the market which it isnt something new.

el kaka22

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Depends on the idea behind it. I mean if you really think that it will drop, then it is not FUD but saying the facts you think will happen. Of course nobody really knows what is going to happen, but that is the thing we are doing right now and I think it will definitely work in the end. What I want to see however is the fact that we are not going to end up with that much drops, but we will do fine, which means all these FUDs do not matter to me and just plain wrong.

If I can think like that, then why not others? That means it can't be unethical because if you see FUD and you believe them, that is on you and not the person who does the FUD, your responsibility is to think for yourself.

dansus021

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Quote from: mk4 on January 30, 2023, 12:32:15 PM

It's totally unethical; no but's. It's like saying scamming is okay because the victim didn't educate himself of scams — it's unethical regardless of how dumb the scam is.

I do agree

Although whether like it or not fud or fake news will be there till the end of the day, cause Haters is gonna hate and it always like that right

Silberman

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Quote from: goldkingcoiner on January 30, 2023, 08:51:15 AM

We hear it all the time in the news and even here on this forum - Scary price drop speculations based completely on fake/exaggerated news or on something without any kind of substance.

While we can all agree that panic selling is newbie domain, there are also veterans who love spreading Fear, Uncertainty and Doubt. These are the people who know from experience that the Bitcoin price will definitely rise, but they can't resist buying discount BTC off of panic sellers.

Bear-whales and smaller traders alike spread FUD for the reason of scaring investors and pushing down the Bitcoin price.

Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?

It is unethical and there is no way around it, as trying to manipulate the market by spreading misinformation about it is simply not correct and maybe even criminal, however at the same time those actions have become so widespread with the advent of social media there is not much your average investor can do except to keep themselves updated about any events on the market and see through those attempts of manipulation, not an easy task of course but if you are convinced about the nature of the assets in which you invested then it is unlikely you will be manipulated by those lies.

takuma sato

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When I post some bearish theory I don't expect to move the market in any way and anyone that isn't crazy should think the same, we cannot move market with some bitcointalk post or twitter post. Perhaps if you are Elon Musk you can pump and dump some smaller marketcap altcoins, but even Elon Musk isn't big enough to sustain a market pump in Bitcoin any shape or form.

Fundamentals Of

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If it is fake news they are spreading, then it is definitely unethical. Fake news are lies. Spreading lies is always unethical whatever the goal may be. It is even worse if the motive behind the fake news is greed.

But if it is simply exaggerating the news or blowing them out of proportion, I don't think it is unethical. We can make it appear as if a celebrity's mention of Bitcoin is a big deal even if it is not. But it's not really a big problem I think.

Hamphser

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Quote from: bittraffic on January 31, 2023, 02:03:47 PM

Yes, it's unethical. The benefit of doing it I guess is worth it that's why there are article sites doing it. There are no rules that will prevent people from doing it either I guess they are not violating laws too.

But there are seasons when FUD also disappears also. It's kind of a pattern that you might wanna look at. Either Bulls or Bears, they both spread fud.

When you are dealing up with markets not only limited on crypto but also in forex and stocks then news like this on which fuds and manipulative things are really that very common and there's something we cant

do anything about it but neither would be making yourself that impulsive or would really be just ignoring it because we are already getting used to it.People cant really just avoid not to make out some reaction basing into those news specially if it was negative or too much bear. Unethical on general sense specially for those new media outlets publishing out these news but we do know that they could do whatever they want
for their own benefit or on what they do have in mind and there's nothing we can do for them to stop it on what they've been doing.

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Quote from: bittraffic on January 31, 2023, 02:03:47 PM

Yes, it's unethical. The benefit of doing it I guess is worth it that's why there are article sites doing it. There are no rules that will prevent people from doing it either I guess they are not violating laws too.

But there are seasons when FUD also disappears also. It's kind of a pattern that you might wanna look at. Either Bulls or Bears, they both spread fud.

Obviously it is, due to its meaning. The one who does this are spreading fear, uncertainty and doubt to the public which will then scares them or make them worry and can result for them to sell their coins to those who spread it. It's not the article sites are the ones who does this but maybe some of them are only being paid to post a FUD news.

Sometimes it's hard to resist the temptation especially if you are being paid with huge amounts of sum. I think the times where FUD appears the most is when the market is in bearish mode because people are already weak or fragile during these times so they are very vulnerable to FUD attacks.

Topic: Do you consider spreading FUD to be unethical? - page 4. (Read 776 times)