Topic: F U D: Fear, Uncertainty, and Doubts (Read 253 times)

Haven't you heard about FOMO (fear of missing out), this fear motivate you to buy because you're afraid the market will leave you behind and when this happens it's usually at the peak of the market although if you enter early you can make some quick profits before the market starts declining but all this can be prevented by buying earlier and make the profit as the market starts moving up and if you're afraid that you'll buy and the market will starts correcting then you can buy using DCA. With this strategy you'll be giving an opportunity to buy at lower price if Bitcoin correct after you bought. Fear works in both ways, it can motivate you (a real life example is the fear of poverty that makes you to hustle) and fear can also make you lose confidence in the market which leads to your procrastination.


I don't see this in this thread, there's no motivation for newbies here in regards to the forum but a motivation for investing on time which is a good advice because when you're doing things at the last minute, there'll be room for mistakes and no time for correction like investing in Bitcoin and keeping them on an exchange or on a custodial wallet which isn't recommendable but when you invest on time and stay active on the forum, you'll learn new things frequently and upgrade the protection of your investment with a non custodial open source wallet. Newbies you don't have to have FUD about investing in Bitcoin because it isn't like most industry projects that the founders scam their investors. Bitcoin is a community project and not a project of one man, you won't be scam when you invest in Bitcoin and hodl properly.

I know how frustrating it is for people who try to do things they don't know from the start, but I really like Branson's sentence "when someone asks you to work on something you don't know, accept it, learn as you go", I also didn't at first  understand what bitcoin is - blockchain technology - halving and so on, but I still have the intention to know at least a little knowledge of it all, and I can still survive until now on this beloved forum. Apart from that, FUD will continue to exist, as part of the BTT community, we must strengthen each other.

You have combined two, as it seems to me, different concepts. What risks does a newbie come to the forum take? What could he be afraid of? Let's be honest, those who have had any problems with publications on the forum, if they wish, if they find themselves in an uncomfortable position, can easily register another account. What risks or fears might there be? What does the person who suddenly makes a mistake lose? In material terms, absolutely nothing. Therefore, comparing such fear of expressing oneself on a forum with investing in Bitcoin is equivalent to comparing white with soft cotton wool.
If we talk about the fear of interacting with Bitcoin, then the first thing should be the understanding that without knowledge, the possibility of error will be much higher than if you have it. Again, to avoid fear, there is a solution, study this area, or simply decide to live without interference in crypto.

Nah, FUD is par for the course; that's what less-informed investors tend to experience when the market takes a nosedive. But hey, I reckon it's not the best time to dwell on that, given the recent market correction. It seems like we're already in a bullish phase. It's fascinating to discuss something that can hype up the market.

You see, when some people don't succumb to FUD, it means that others won't be reaping profits.

So, don't anticipate that everyone has the strength to HODL.

That's it. Newbie or not, one should have a plan before making any decision, and stick to the plan no matter what other sources of (dis)information say. If you really only invest what you can afford to lose, you'll be somehow immune to these news, because you accepted on beforehand the possibility of everything going to zero.

Yeah, typically there's this meaning of FUD as the classic one that we've seen and experienced throughout the period of time. But it all boils down with his reminder to the newbies about not being feared with what's the market is showing that includes the FUD that can be seen on the news and any other source that's being abused and used by whoever spreads it. Anyway, all of the newbies must be aware of it and don't let their emotions caught them because it's hard to control that force about being impacted by FUD.

You mean this thread? Let fear to lose be motivation to learn.


You just have to think that at one point, everyone started here as a newbie so obviously we didn't know everything about what bitcoin is. But we didn't let that fear drive us out of our goal to involved ourselves here in the community and be engage on every subject as far as BTC goes. It's going to be a learning process and there is a curve, lot of ups and downs, then the bear and bull cycle and it's going to be cyclical. But at least learn a thing or two in the days, months and years you spend here and for sure, you will be motivated and not react to FUD in a negative way.

I think the high level of volatility and bull market in this asset has attracted many people who see Bitcoin as a new world order and a natural extension of the technological era and there are many powerful interests as well who are resisting the trend in the digital currency world by using all their power and influence to stop the growth of digital exchanges.

Fear always stems from lack of knowledge and understanding, specially in the context of Bitcoin and the related FUDs. For example we see people panic sell because they never educated themselves about Bitcoin and its market, so at the first sight of some lies on the internet about an upcoming dump, they jump at selling themselves. Same with panic buyers, they act irrationally too. Like when they wait until price has recovered from a dip and has already gone up then start panic buying at a higher price and at a loss.

Obviously when this characteristic exists amongst market participants, there will be some others who would love to exploit it for their own gain. This is where FUD comes in, that includes lies created to intensify the irrational behavior in the market and cause higher volatility so that the FUDsters can make a better profit from the swings.

Yes, I'm not sure whether the OP misunderstood what FUD usually means (the effect of a flow of negative news usually orchestrated by some actors that leads to panic selling) with the classic paralyzing fear we like most mammals feel when we get surprised by something unexpected.

Although a bit forced, the way he applied it to newbies in the forum is creative. But he shouldn't forget the conventional meaning of FUD.

I don't think so. There is no right answer here because we all know how Bitcoin is really unpredictable especially when it comes to investment.
For me, the best thing is to learn Bitcoin itself, like how it works, how you can use it, and what are positive/negative impacts while using or owning it.
Research and learn because just incase you decide to invest later on, it will help you.

FUD is one of terms that is commonly used in cryptocurrency.

Terminology.
Crypto Glossary.

In this market, you have to face with FUD daily and its intensity of appearance on media is just more or less than usual intensity. In bear market, you will have more fud than in bull market.

In bear market, you will have more fud and callings like "Bitcoin is dead".
https://99bitcoins.com/bitcoin-obituaries/
https://buybitcoinworldwide.com/bitcoin-is-dead/

With time, Bitcoin has become stronger and with your own time and experience in this market, you will be less affected by FUD.

The ops have swung out the way while trying to define fear and its implication, while also making mentions in the title of the thread, which has allowed us to another aspect of discussion but from the look of it, the ils is trying to talk on how fear can be negative to a newbie here in the forum and what it implications are, the thing is that in whatever context we put it, fear still remain what it is and can never change.


We were once a newbie in the past and we all know how it feels to be a newbie and this knowledge have also helped us in both the Bitcoin market and the forum

That's the case of a very strong title but weak body. I had expected OP to dwell much on fear and uncertainty, maybe relate it to bitcoin investment but the Op swiftly digressed from the title or will I say that OP didn't meet my expectations. However, there's no new idea and there's no new order. Motivating newbies is expected and has being in existence. Fear, uncertainty and doubt is part of the cryptocurrency industry and there's no how we can successfully deal with them.
Your ability to put the above three in control is what defines your maturity and experience in the cryptocurrency industry.

The title of the thread doesn’t exactly correspond with the intended purpose as you say. First you are talking FUD in the market, I didn’t think it would turn to a pep talk for newbies. There’s already enough motivation and advice for newbies in Beginners & help, the board has more than enough threads to keep newbies busy. It will be refreshing to read something new and interesting.

I see nothing wrong in being afraid. Fear is good as long as it is not crippling. Fear motivates us to do a lot of things that we would not really do. This is how I see it or understand it another person may understand it from his your own perspective that fear is bad but I beg to differ. The fear of missing out is what has prompted most of us to invest in Bitcoin and cryptocurrency we do not want to have someone tell us I told you so. That fearful thought of missing out pushed us to research and invest in Bitcoin. It is that same fear that is making people accumulate more bitcoins towards the Bitcoin halving event in 2024. They don't want to miss out on the bull run.

When fear leads to stagnancy and you actually submit, that doesn’t mean you’ve ultimately used fear to any potent.
There is no where that is said you have to wait for fear to be a motivational factor or a push to do better in an aspect to your investment journey, be it Bitcoin or any other field of life. fear always plays out in the risks you’ve got to factorize in cause of embarking on an investment.

Your fears when encountered shouldn’t make you stop but should rather serves purposes as ensuring due diligence in handling your plans to a goal. Your fat of better handling your fears than letting it scare you off your goals. Mind you, it never goes away until you’ve taken steps to its resolution.

I thought that you were talking about the FUD that's being spread in the market which is related to Bitcoin and accumulation. However, this is also a reminder to the newbies that there is nothing to be feared if they're just all about learning and acquiring knowledge through the forum. They're all there and all they need to do is to extract them and not be lazy about it.

Every day even after obtaining Bitcoin has a risk. You see how the volatility moves every second that they're in. It's normal to have fear in their hearts from the start but they will just get used to it.

I don't think, his purpose is to encourage newbies to make relentlessly posts on the forum because he is simply trying to encourage those, who are afraid to make or ask questions here. Who thinks that, if they will ask a question they will be judged or they will be bashed? There would be no hurdle, stopping them. And such words of OP are really encouraging for those. And if the wrong people get motivated by the words of the OP and start to make posts relentlessly and start to spam on the forum.

Then it is not on OP instead, It is on that bad actor.

And dear Beparanf, I did not mean to go against you or say something that would hurt your feelings, I am just asking, Isn't the OP stating the purpose of the post in the last paragraph? I don't know the OP and have no relation with him or her, just asking. I hope you won't mind me.

In the the World of crypto Knowledge is power against your fear So, i would suggest perhaps i would highly recommend DYOR before taking any action being emotional or being hurry. Doing this, lead you to the uncertain conditions you never want.

Secondly i would say Big whale really play game of sentiments very well. They Put short investors in FUD and FOMO kind of situation using the power of their assets and the power of social media. Due to this many of the people fell pray to FUD and FOMO kind of situations. I had create the whole thread over it like how you can overcome these kind of situation You can read it from here.

• A Guide for Cryptocurrency Newbies for Overcoming FOMO
  

This purpose is kinda confusing tbh. You are talking about Bitcoin and how the FUD surrounding it while you are mentioning the forum now to encourage newbie to post relentlessly on the forum which is equivalent to spamming. There’s no connection too between posting here and actual Bitcoin investment.

You can gain knowledge by just reading and not posting at all. Can you make straight your  goal on this thread? I don’t see the relation of FUD on posting in the forum.

There's risk involved in dealing with everything that comes our way i this life, hiw we are able to manage tge risk depends on our individuals abilities, bitcoin has low risk compared to what life itself offers or what some of us had been through with investing on altcoins.


Seeking for knowledge is not a one way direction, when we are learning, we must be able to check the relevance of our learning to the applicable areas of interest to our own advantage, there must be a check and balance on it and both must be considered for our good in other not to make our efforts rendered into waste.

Sometimes ago, I read a thread on the forum, can't really remember where but it talked about fear being a motivational push to know, acquire,  and sell Bitcoin. In as much as it sounded motivational at first,  it also felt twisted and wrong cause we all know fear leads to doubts and stagnancy. So, I decided to look into it.

When it comes to Bitcoin, we all know there are risks attached to it. In fact, whatever thing you decide to do, be it good, bad, beneficial, or not, there are risks attached to it and it makes the future of whatever we are doing to be uncertain.  Now the question or the main deal is, do we need to wait for fear of regretting to be our push towards doing certain things?

Now, I have and I'm certain that we've all been in situations where we wanted to do something, we've set goals to solve one problem or the other and we failed to continue along the way. Personally, I think that was fear of uncertainty playing with us. Fear doesn't motivate it just leads to procrastination and zero growth where you'd find yourself saying, I'll do it tomorrow until tomorrow never comes ( been a huge victim). Confidently doing whatever you're doing consistently with the right knowledge is appropriate. If you're going to wait for motivation every day, you're not going to get anything done, learn to discipline yourself every day.

The purpose of this thread is to first of all encourage my fellow newbies out there who are finding it hard to adapt to the forum or anything at all. Just keep on learning and writing until you can't keep track anymore. Knowledge is very important, don't let fear drive you away from anything, and when it's time to acquire bitcoins you'll be able to face the risks too, without fear. And with the right knowledge.