Do you consider spreading FUD to be unethical?

Hispo

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It is simple:
If someone spreads FUD, knowing what they are saying it is an exaggeration, then it is unethical, because they are lying and they know they are doing it for an ulterior purpose.

If someone says something which is related to FUD but is not aware about the nature of that information, then it is not unethical, it is plain ignorance.

In the end, spreading FUD to influence other's decision is wrong and that is just another reason why anyone should do their own research and not following some random guru/trader/influencer in social media.

This reminds me an article written by the staff of Binance about FUD, it is a piece any newbie should read and keep in mind whenever they read crypto news on internet.

https://academy.binance.com/en/glossary/fear-uncertainty-and-doubt

Ultegra134

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Quote from: eaLiTy on March 05, 2023, 01:48:36 PM

Quote from: Ultegra134 on March 05, 2023, 01:17:00 PM

~
Elon messed with the cryptocurrency market a lot during that period. Except for the pump of Bitcoin he caused, he also caused a lot of fuss with Dogecoin, which exploded right after his tweets. If he was messing with stocks, he would have been prosecuted now, but cryptos are unregulated, and he's free to do as he pleases. Although his tweets don't have the same manipulation power anymore.

You missed the part with Elon Musk as he manipulated the stock market and caused rapid shifts in the market and once that became a regular thing for Elon, he was charged by SEC for his tweets that had a huge impact on the stock market and then he shifted his focus on the cryptocurrency market where he was successful in causing huge rallies in Doge even the developers did not anticipate Cheesy

.

That's interesting; I had no clue that he had actually manipulated the stock market. That explains why he proceeded to manipulate cryptocurrencies. Since he was already charged once, he couldn't risk repeating the same mistake and thought it'd be fun to mess with Bitcoin and especially with Dogecoin, which was the absolute troll. Unfortunately, many people followed him and potentially lost money, while others may praise him because it was an opportunity that some took advantage of. Even after it dumped, he continued making dumb jokes regarding Doge, such as the potential addition of Dogecoin to purchase a Tesla. I can't remember if he actually implemented it and then revoked it, but he's an absolute internet troll.

BITCOIN4X

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FUD is unethical to long-term holders or anyone who expects the market to be bullish. As a result, FUD has opened up a huge opportunity for any investor to enter the market and catch weak-handed panic sellers, and they will be the ones to profit in the end.

Some people deliberately created FUD so that they could get low price buying opportunity, while some traders failed to understand it and they couldn't avoid panicking.

bittraffic

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Quote from: eaLiTy on March 05, 2023, 01:48:36 PM

Quote from: Ultegra134 on March 05, 2023, 01:17:00 PM

~
Elon messed with the cryptocurrency market a lot during that period. Except for the pump of Bitcoin he caused, he also caused a lot of fuss with Dogecoin, which exploded right after his tweets. If he was messing with stocks, he would have been prosecuted now, but cryptos are unregulated, and he's free to do as he pleases. Although his tweets don't have the same manipulation power anymore.

You missed the part with Elon Musk as he manipulated the stock market and caused rapid shifts in the market and once that became a regular thing for Elon, he was charged by SEC for his tweets that had a huge impact on the stock market and then he shifted his focus on the cryptocurrency market where he was successful in causing huge rallies in Doge even the developers did not anticipate Cheesy

.

I was also anticipating Doge to pump more during that SNL with Miley. Hustle to da moon and then woop, plunged the next day until the whole year. He literally made it a joke for all and then the Dogecoin millionaire loses his smile. Although he still has a ton of money, I rarely see that guy upload a youtube video since 2021.

There was an interview where Elon actually tried to contact the Doge dev. I'm not sure what happened but sure he also played that guy.

eaLiTy

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Quote from: Ultegra134 on March 05, 2023, 01:17:00 PM

~
Elon messed with the cryptocurrency market a lot during that period. Except for the pump of Bitcoin he caused, he also caused a lot of fuss with Dogecoin, which exploded right after his tweets. If he was messing with stocks, he would have been prosecuted now, but cryptos are unregulated, and he's free to do as he pleases. Although his tweets don't have the same manipulation power anymore.

You missed the part with Elon Musk as he manipulated the stock market and caused rapid shifts in the market and once that became a regular thing for Elon, he was charged by SEC for his tweets that had a huge impact on the stock market and then he shifted his focus on the cryptocurrency market where he was successful in causing huge rallies in Doge even the developers did not anticipate Cheesy

.

Ultegra134

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Quote from: AverageGlabella on March 02, 2023, 11:05:54 AM

Quote from: KingsDen on February 24, 2023, 05:52:30 PM

You are correct if you see FUD (Fear, Uncertainties and Doubt) from just one side, i.e the negative side. In a real sense the current price of bitcoin as I drop this post is $23,139.60 I want to buy $10k worth of bitcoin but I have fear that bitcoin may not rise above 24k till this month ends. I am also uncertain if the price will drop lower than 23k so that I can gain more bitcoin.
Then I put up a post in my blog of over 2million bitcoiners subscribers and say that bitcoin will crash tomorrow to $10k, then people panic and sell. I then buy lower in price and make a counter post that bitcoin will rise and people begins buying again. This is just how the industry moves and I don't consider it unethical. You that is in the industry should identify FUD when you see one.

It is called market manipulation and if you are invested and intentionally drive prices down by spreading fake news that is a crime in most countries. Elon Musk got accused of it when he bought into Bitcoin and then started back peddling a couple of weeks later some speculate that he is still privately invested in Bitcoin and used Tesla and his Twitter to drive the price down.

Elon messed with the cryptocurrency market a lot during that period. Except for the pump of Bitcoin he caused, he also caused a lot of fuss with Dogecoin, which exploded right after his tweets. If he was messing with stocks, he would have been prosecuted now, but cryptos are unregulated, and he's free to do as he pleases. Although his tweets don't have the same manipulation power anymore.

There are a lot of so-called analysts that may spread FUD, some deliberately and some due to their fear. As long as it's not intentional and based purely on their personal opinion and genuine fear, I'm fine with it.

Wiwo

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It is better we come to the point, were any unrealistic speculation and in backed data will not be counted, since most fuds lack data to support their claims and they've based their judgement on falsehood, but then only newbies can fall for that since an individual spreading of fuds does not false me to sell my bitcoins.

-Since I am not losing while holding bitcoin and also I lose only when I sell my Bitcoin below the amount I bought it, so I will apply common statistical knowledge and make my decision based on my personal conviction of the market knowing fully well that we can't predict the outcome of the future Bitcoin DCA price.

blockman

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It is intentional and I think it's unethical but this is all about the market and will be winners and losers as much as we can. Those that spread FUD and they've got a passion for what they do, I mean the trades. Only those that are big enough to be believed by people in the community have got what it takes to get successful dissemination of FUD. And we do get it a lot of time and even if the market gets better, they will just stop for a moment and then be back at it again to make the shaky hands sell their holdings. They've learned it somewhere else but they've seen it very doable through bitcoin.

stomachgrowls

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Quote from: AverageGlabella on March 02, 2023, 11:05:54 AM

Quote from: KingsDen on February 24, 2023, 05:52:30 PM

You are correct if you see FUD (Fear, Uncertainties and Doubt) from just one side, i.e the negative side. In a real sense the current price of bitcoin as I drop this post is $23,139.60 I want to buy $10k worth of bitcoin but I have fear that bitcoin may not rise above 24k till this month ends. I am also uncertain if the price will drop lower than 23k so that I can gain more bitcoin.
Then I put up a post in my blog of over 2million bitcoiners subscribers and say that bitcoin will crash tomorrow to $10k, then people panic and sell. I then buy lower in price and make a counter post that bitcoin will rise and people begins buying again. This is just how the industry moves and I don't consider it unethical. You that is in the industry should identify FUD when you see one.

It is called market manipulation and if you are invested and intentionally drive prices down by spreading fake news that is a crime in most countries. Elon Musk got accused of it when he bought into Bitcoin and then started back peddling a couple of weeks later some speculate that he is still privately invested in Bitcoin and used Tesla and his Twitter to drive the price down.

Manipulation isnt something new because even if its already that obvious with those whales and big institution who are involved then there's still nothing you can do but to go or ride with the flow.There's no way for us

to determine out on where the price would be heading on because fuds and shills could really happen along the way.Ethical or unethical? It doesnt matter because thats not how people would be treating it out.

Its way been too obvious then what? On this unregulated market and decentralized then there's no way that you could able to determine or even tend to sue out.So as a trader or investor then you should really
that prepared for whatever things that you might encounter along the way which turns out to be normal.

AverageGlabella

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Quote from: KingsDen on February 24, 2023, 05:52:30 PM

You are correct if you see FUD (Fear, Uncertainties and Doubt) from just one side, i.e the negative side. In a real sense the current price of bitcoin as I drop this post is $23,139.60 I want to buy $10k worth of bitcoin but I have fear that bitcoin may not rise above 24k till this month ends. I am also uncertain if the price will drop lower than 23k so that I can gain more bitcoin.
Then I put up a post in my blog of over 2million bitcoiners subscribers and say that bitcoin will crash tomorrow to $10k, then people panic and sell. I then buy lower in price and make a counter post that bitcoin will rise and people begins buying again. This is just how the industry moves and I don't consider it unethical. You that is in the industry should identify FUD when you see one.

It is called market manipulation and if you are invested and intentionally drive prices down by spreading fake news that is a crime in most countries. Elon Musk got accused of it when he bought into Bitcoin and then started back peddling a couple of weeks later some speculate that he is still privately invested in Bitcoin and used Tesla and his Twitter to drive the price down.

btc_angela

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Quote from: bettercrypto on February 28, 2023, 03:25:13 AM

Well in the first place, we have different opinion on your question about OP, some of us here is may believe it is unethical, and others are not.

And for me, if I understand what is happening here in the Crypto Business Industry field, I would not think that it is unethical, it can even help us actually, because somehow it can be measured here if we become mature or learned something while we are in the midst of study here in crypto trading business anyway.

Well if you trying to trick someone with your FUD then obviously it is unethical right? It's very close to scamming people to spread negative news on bitcoin when it is untrue or un-dumbfounded. So for me be it's a bad practice, maybe we are in disagreement about it, but that's how I call FUD. And that is the same reason why I don't believed everything that I reach in crypto media or even in youtube or any other social media as they could have some narrative behinds those FUD's, just saying.

wmaurik

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Quote from: bettercrypto on February 28, 2023, 03:25:13 AM

Well in the first place, we have different opinion on your question about OP, some of us here is may believe it is unethical, and others are not.

And for me, if I understand what is happening here in the Crypto Business Industry field, I would not think that it is unethical, it can even help us actually, because somehow it can be measured here if we become mature or learned something while we are in the midst of study here in crypto trading business anyway.

Trading in crypto and having it as a side business is nothing wrong to do and what you are expressing here is well worth doing because as one learns to understand whatever is in the crypto space one can trade for monthly profits. Because whether a job is ethical or not is actually only assessed by each individual. But as long as a job doesn't bother many people and can be carried out without involving many parties, I think it's a very ethical thing to do.

bettercrypto

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Well in the first place, we have different opinion on your question about OP, some of us here is may believe it is unethical, and others are not.

And for me, if I understand what is happening here in the Crypto Business Industry field, I would not think that it is unethical, it can even help us actually, because somehow it can be measured here if we become mature or learned something while we are in the midst of study here in crypto trading business anyway.

savetheFORUM

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Quote from: Oilacris on February 24, 2023, 06:39:51 PM

Basing up on technical indicators which the price could really be having that strong support on 22k point and if there's a breakout then 18k could really be that possible.We've seen some fuds
and negative fundamentals around which we could really be able to thought that it would make the price make out some huge corrections and price decrease but it didnt.
Making up some -2000ish isnt something that shocking anymore into this market.

It is really just that people do make out some reactions just because we've been long time on moving sideways.The price now is trying to break that 25k price
but it do keeps rejected.

I can't remember if there are any FUDs that have happened this year but if ever there are, I still dont think people will bait on it. Everyone should learned a lot from the past FUDs already. There is no huge corrections but only a minor one right after we touch $25k. I think this was the second correction already.

The first one is when we hit $24k and then the price drops at $22k and $23k level. Even though we already witnessed $20k last year, I think it will be a little shocking if we experience this year because its been a long time since we stay on $22k and $23k levels and if ever the price dips more then its bottom will be $21k only.

Oilacris

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Quote from: KingsDen on February 24, 2023, 05:52:30 PM

Quote from: AverageGlabella on February 24, 2023, 01:44:50 PM

Quote from: KingsDen on February 24, 2023, 01:41:40 PM

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?

Spreading FUD is not unethical. It is the nature of the market and FUD is one of the tools to force market move is a certain direction even when not due to move.
The wise people in the market benefit from FUD. Meanwhile fud is also considered a bad tool become it can bring down an honest project. If not that binance is solidly rooted, the FUD spread against it would have brought it down this time.
Yet, the biggest challenge is that the FUD originators benefit from it while the spreaders may be the losers.

It should not be the nature of the market and because it is the nature of the market does not mean it is ethical. Wars are not ethical but they happen. Hacks are not ethical but they happen. Just because something is happening and it is normal does not mean it is ethical. How can spreading false information knowing that it will manipulate a market be ethical? That is the opposite and you can go to jail for fraud. Doing this is fraud and it could be punished if it causes enough damages. Just google hoaxing and fraud and you will see that spreading FUD knowing it is misinformation can land you a criminal record.

You are correct if you see FUD (Fear, Uncertainties and Doubt) from just one side, i.e the negative side. In a real sense the current price of bitcoin as I drop this post is $23,139.60 I want to buy $10k worth of bitcoin but I have fear that bitcoin may not rise above 24k till this month ends. I am also uncertain if the price will drop lower than 23k so that I can gain more bitcoin.
Then I put up a post in my blog of over 2million bitcoiners subscribers and say that bitcoin will crash tomorrow to $10k, then people panic and sell. I then buy lower in price and make a counter post that bitcoin will rise and people begins buying again. This is just how the industry moves and I don't consider it unethical. You that is in the industry should identify FUD when you see one.

Basing up on technical indicators which the price could really be having that strong support on 22k point and if there's a breakout then 18k could really be that possible.We've seen some fuds
and negative fundamentals around which we could really be able to thought that it would make the price make out some huge corrections and price decrease but it didnt.
Making up some -2000ish isnt something that shocking anymore into this market.

It is really just that people do make out some reactions just because we've been long time on moving sideways.The price now is trying to break that 25k price
but it do keeps rejected.

KingsDen

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Quote from: AverageGlabella on February 24, 2023, 01:44:50 PM

Quote from: KingsDen on February 24, 2023, 01:41:40 PM

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?

Spreading FUD is not unethical. It is the nature of the market and FUD is one of the tools to force market move is a certain direction even when not due to move.
The wise people in the market benefit from FUD. Meanwhile fud is also considered a bad tool become it can bring down an honest project. If not that binance is solidly rooted, the FUD spread against it would have brought it down this time.
Yet, the biggest challenge is that the FUD originators benefit from it while the spreaders may be the losers.

It should not be the nature of the market and because it is the nature of the market does not mean it is ethical. Wars are not ethical but they happen. Hacks are not ethical but they happen. Just because something is happening and it is normal does not mean it is ethical. How can spreading false information knowing that it will manipulate a market be ethical? That is the opposite and you can go to jail for fraud. Doing this is fraud and it could be punished if it causes enough damages. Just google hoaxing and fraud and you will see that spreading FUD knowing it is misinformation can land you a criminal record.

You are correct if you see FUD (Fear, Uncertainties and Doubt) from just one side, i.e the negative side. In a real sense the current price of bitcoin as I drop this post is $23,139.60 I want to buy $10k worth of bitcoin but I have fear that bitcoin may not rise above 24k till this month ends. I am also uncertain if the price will drop lower than 23k so that I can gain more bitcoin.
Then I put up a post in my blog of over 2million bitcoiners subscribers and say that bitcoin will crash tomorrow to $10k, then people panic and sell. I then buy lower in price and make a counter post that bitcoin will rise and people begins buying again. This is just how the industry moves and I don't consider it unethical. You that is in the industry should identify FUD when you see one.

AverageGlabella

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Quote from: KingsDen on February 24, 2023, 01:41:40 PM

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?

Spreading FUD is not unethical. It is the nature of the market and FUD is one of the tools to force market move is a certain direction even when not due to move.
The wise people in the market benefit from FUD. Meanwhile fud is also considered a bad tool become it can bring down an honest project. If not that binance is solidly rooted, the FUD spread against it would have brought it down this time.
Yet, the biggest challenge is that the FUD originators benefit from it while the spreaders may be the losers.

It should not be the nature of the market and because it is the nature of the market does not mean it is ethical. Wars are not ethical but they happen. Hacks are not ethical but they happen. Just because something is happening and it is normal does not mean it is ethical. How can spreading false information knowing that it will manipulate a market be ethical? That is the opposite and you can go to jail for fraud. Doing this is fraud and it could be punished if it causes enough damages. Just google hoaxing and fraud and you will see that spreading FUD knowing it is misinformation can land you a criminal record.

KingsDen

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Hello Leo! You can still win.

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?

Spreading FUD is not unethical. It is the nature of the market and FUD is one of the tools to force market move is a certain direction even when not due to move.
The wise people in the market benefit from FUD. Meanwhile fud is also considered a bad tool become it can bring down an honest project. If not that binance is solidly rooted, the FUD spread against it would have brought it down this time.
Yet, the biggest challenge is that the FUD originators benefit from it while the spreaders may be the losers.

Jody.Drummer

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Quote from: Falconer on February 15, 2023, 09:21:15 AM

Quote from: wmaurik on February 15, 2023, 07:08:30 AM

If you digest it or think about it, not all of the FUD makers are actually paid for or sponsored by certain circles. Because the creators of FUD are actually people who simply hate Bitcoin and cryptocurrencies so they won't hire anyone else to make FUD as long as they can do it themselves for free. So now anyone can tell the difference between people who like Bitcoin and those who don't like Bitcoin, because it always shows in what they say or do through FUD.

FUD not only created by bitcoin haters, but even bitcoin whales can create FUD and pass it on to various media for their own benefit. Realize it or not but I think that's how they manipulate the market where at one moment they can make traders to panic and sell their asset and at another they can hype the market to make increase the price.

There is no right solution to stop FUD because basically there are several people who can use it for their own benefit, but regarding FUD, traders and investors only need to be responsible for themselves and their assets. Ethical or not, it only depends on yourself in understanding FUD and minimizing trading and investment risks.

True, they don't think about ethical or not, the most important thing is that all their interests are achieved by the FUD they are doing. You are right that it is the investors who will really determine the assets here, we do not have a solution that will really work well if the asset holders affected by FUD are spread. Investors just need to be ignorant of the news that discredits bitcoin. Also when there is bad news about bitcoin, don't let us as investors spread it, because that's what FUD makers want. The more the news spreads, the bigger it will be, we don't know how many people will finally believe the news and panic sell.

Lanatsa

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Quote from: darewaller on February 15, 2023, 03:48:31 PM

Quote from: Falconer on February 15, 2023, 09:21:15 AM

Quote from: wmaurik on February 15, 2023, 07:08:30 AM

If you digest it or think about it, not all of the FUD makers are actually paid for or sponsored by certain circles. Because the creators of FUD are actually people who simply hate Bitcoin and cryptocurrencies so they won't hire anyone else to make FUD as long as they can do it themselves for free. So now anyone can tell the difference between people who like Bitcoin and those who don't like Bitcoin, because it always shows in what they say or do through FUD.

FUD not only created by bitcoin haters, but even bitcoin whales can create FUD and pass it on to various media for their own benefit. Realize it or not but I think that's how they manipulate the market where at one moment they can make traders to panic and sell their asset and at another they can hype the market to make increase the price.

There is no right solution to stop FUD because basically there are several people who can use it for their own benefit, but regarding FUD, traders and investors only need to be responsible for themselves and their assets. Ethical or not, it only depends on yourself in understanding FUD and minimizing trading and investment risks.

That is basically what happens most of the time. I mean if you are not a whale but a hater than you do not have the media power to talk bad about it and get it spreading, because you are not famous nor a rich person.

But when you are a whale, meaning you have a lot of money, that means you also have a lot of influence and power over media and you could definitely manipulate the market by saying the worst things possible about bitcoin, make it go down, and then another whale friend would go out and say the nicest things and make it go up and then you would both profit from it at the same time. They already doing that all the time and it's not new.

Not really new and nothing surprising but we know that Fuds could neither be affecting the market or would really be just simply rejected it out.This is why when it comes to fundamentals then it isnt really something

that recommended for you to trust it up 100%.Also, you should make yourself that Fuds are really that manipulative or tending to shake off those weak hands and before this market would make out some huge pump or green candle.This is why you should really be that wise on whether you would be making yourself that affected neither fud or shills or fomo.

These are the primary things that you would really be able to encounter into this market which you should need to make yourself that fully aware.

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