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Topic: Why is There Problem In the Crypto-currency? - page 3. (Read 364 times)

legendary
Activity: 2534
Merit: 1338
You simply spread accurate information and educate people. But while you can do that to decrease misunderstandings from the masses, there is simply an unlimited supply of idiocy. So while you can try as hard as you can(which is good), it's pretty difficult to have a meaningful impact.
This, since bitcoin is a decentralized currency then any measure that we could take in order to reduce the impact of FUD needs to be decentralized as well, this means that accurate information is the best way to reduce the impact of FUD in the present and in the future, however this is almost impossible to do, I remember a quote of Douglas Adams ‘Nothing moves faster than the speed of light, with the possible exception of bad news’ so by the time we try to spread accurate information FUD has already took place and people have already took mistaken decisions because of it.
member
Activity: 183
Merit: 14
Chainjoes.com
Problem in cryptocurreny is by targeting and hacking a cryptocurrency exchange, hackers can gain access to thousands of accounts and digital wallets where the cryptocurrencies are stored and has high transaction fees, which would be even higher if it were to be more adopted.
member
Activity: 1120
Merit: 68
Investors listen to every story they got online, if there is someone out there posting negative thoughts on Bitcoin, it's somehow regarded as truth when in fact this someone is no way near to half-truth. The internet can spread information quickly without having to rely on news articles. Once someone sees something out there that can affect the price, they'll take a step to make sure they are favored with such news.
They definitely should always check the stories online because even if they don't, their money is going to only go down the drain and be useless. That's the way things work for this kind of things so there's nothing we can really do.
full member
Activity: 1708
Merit: 126
Problems will always exist here since different events affect the price of cryptocurrencies as well as the market situation but if we'll focus on the negativity instead of hoping for a positive impact, we'll surely attract what we believe. Despite all the negative things that are happening in crypto, we should still know how to deal with it. Crypto is volatile and Fud will always accompany it but we should know where and what to listen to.
legendary
Activity: 2338
Merit: 1124
You will agree with me that everyProblem has its root, things such as;
Destruction starts from planning,
Independence starts from Serving/Slavery
Reduction in bitcoin worth is a result of Ban in some countries such as China.
Now this has come to the crypto-currency which is caused by Fear, Uncertainty, and Doubt (FUD)

As regards our crypto-currency that is affected by "FUD" is there no contribution we can make to settle this?
There is no way you can solve an issue like this. There are so many people around the world that are investing in this market, and I believe a huge percentage of them are not even in this forum. Sometimes I use myself as an example, I never knew about the forum for years until I came across it.

So, how exactly do you plan on going about that solving a situation like this? Do you want to reach out to the whole people and tell them to stop selling when there is FUD? You don’t know everyone’s thoughts and you don’t know the action they will take next. That’s not going to be possible, so what you have to do is to focus on yourself and do what will work for you to save yourself from loss.
sr. member
Activity: 1512
Merit: 326
Now this has come to the crypto-currency which is caused by Fear, Uncertainty, and Doubt (FUD)

As regards our crypto-currency that is affected by "FUD" is there no contribution we can make to settle this?


FUD will exist in any type of investment . and indeed in crypto it is bigger because crypto prices are volatile. one way to not always FUD, be sure before choosing a coin and starting investment. FUD is something that all traders and investors in crypto must face.
legendary
Activity: 1974
Merit: 1150
^ Since most of the crypto enthusiasts are new in this field, they will most likely be prone to FUD, it can be prevented unless they are not educated enough.
The problem is there are too many manipulators in the crypto field, the crypto whales as they know that could make FUD as they want and pay social media to get a result of panic selling by small-time holder that easy to get panic during the FUD spreading. The problem of early crypto adaptors are did not know technically how crypto will work, all they know is they simply get profit after investing.
Investing randomly without considering the risk would be suicidal, but I believe they can minimize the risk of loss if they want to invest in bitcoin in the long term. There are quite a number of wallet I have come across so far that still hold a lot of bitcoin without selling them in the last 10 years, they are hands of gold regardless of market price volatility. I think they are the ones who will win it all and make a lot of profit from assets that many people doubted in the early days. It is true that knowledge is the basis why we should invest, without knowledge we really cant stand tall.
hero member
Activity: 2590
Merit: 644
Most day traders will be so affected by FUD spreading through mainstream media that the panic lasts for a while. When FUD appears, traders will sell their bitcoin or crypto in a panic and it causes a price correction. I believe they are educated and experienced people in this field. Can FUD be prevented? I don't think so. But crypto users can ignore it and not be swayed by it so the sale doesn't happen on a large scale like most holders have done for years. Avoid panic and don't be swayed by FUD because history has taught us that after a correction, the price will recover from time to time.
^ Since most of the crypto enthusiasts are new in this field, they will most likely be prone to FUD, it can be prevented unless they are not educated enough.
The problem is there are too many manipulators in the crypto field, the crypto whales as they know that could make FUD as they want and pay social media to get a result of panic selling by small-time holder that easy to get panic during the FUD spreading. The problem of early crypto adaptors are did not know technically how crypto will work, all they know is they simply get profit after investing.
legendary
Activity: 1974
Merit: 1150
Most day traders will be so affected by FUD spreading through mainstream media that the panic lasts for a while. When FUD appears, traders will sell their bitcoin or crypto in a panic and it causes a price correction. I believe they are educated and experienced people in this field. Can FUD be prevented? I don't think so. But crypto users can ignore it and not be swayed by it so the sale doesn't happen on a large scale like most holders have done for years. Avoid panic and don't be swayed by FUD because history has taught us that after a correction, the price will recover from time to time.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
The main problem in crypto is panic and that is the biggest problem we are facing almost every day, especially for new people who do not know much about crypto. But I am sure that if we can learn, that will not be a problem for us because we can solve it and maybe we can use it for ourselves. People need to check every time they read the news and that can help them to reduce their panic and can think about what they need to do related to the current situation. If they can not do that, they will always get a bad impact from that and it is hard to recover if they are not changing themselves.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Can't the problem with a known source be solved?

Just so you know, fud isn't a problem, it's part of the market. OP so let say you're trying to be the saviour here thereby tackling the fuds, how do you achieve this globally. The competition here is the government (China to be precise) and news outlets spreading this fud immediately they're published for their selfish reasons. How do you compete against the government and other elites in the media industry. Starting your own company wouldn't solve the problem because you'll still have the government to fight.

Negative news moves business than positive ones for this media houses which is why they published this news without verifying as a result, creating fuds. The news could be the government banning banks from participating in the industry but they'll published it as 'Bitcoin been banned by the government' just to attract readers. All we can do is enlighten the less informed individuals when the needs araises just as we're doing here on the forum.
legendary
Activity: 1456
Merit: 1108
Use chips.gg
Fear, uncertainty and doubts are constant in the market and are tools that help drive the market. As long as there is a market, FUD will continue to exist as you cannot eliminate it completely from people. Coming to terms with this reality might help you deal and handle your fear, feelings of uncertainty and doubts better, knowing that FUD are generally propagated misinformations that affect those who are gullible, or do not do research to verify whatever information they hear.

To help people deal with FUD, encourage people to always verify what they hear or read themselves, if they are too lazy at first, try to assist and do it for them for the time whilst encouraging them to pick up the practice of verifying whatever one hears or reads. The one or two persons that you can help, will help more other persons, and the ripple continues.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag

Investors listen to every story they got online, if there is someone out there posting negative thoughts on Bitcoin, it's somehow regarded as truth when in fact this someone is no way near to half-truth. The internet can spread information quickly without having to rely on news articles. Once someone sees something out there that can affect the price, they'll take a step to make sure they are favored with such news.

legendary
Activity: 2576
Merit: 1860
As regards our crypto-currency that is affected by "FUD" is there no contribution we can make to settle this?

There is, of course. But, first, I guess FUD is always part of the market. I don't think we could ever remove it. Rumors or even news itself could cause FUD. FUD may be intentional or not. But FUD could only affect the market if people react to it. If people are well-informed; if they research, verify, analyze, and so on, FUD won't cause significant changes to the market. So you can actually contribute to lessen or even eradicate its impact. As mk4 said, accurate information and education are the keys.
full member
Activity: 1344
Merit: 103
There are different problems in every cryptocurrencies we have , but if you know to choose the right or good one to use everytime you want it.Its give you a solution in your problem. The things that you can do is always searching the every crypto that you use everyday to avoid some problem. Have a nice choose and goodluck.
member
Activity: 1358
Merit: 81
Cryptocurrencies have no problem, we all benefit when the price goes up or down. I am sure that beginning investors learn a quick guide to investing.
That was the first method I used and I still put it into practice. Risk is always an element to take into account, do not invest what you are not willing to lose.
There are great testimonies that cryptocurrencies have done for people what in previous years they could not do.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
No one way to settle it because there will always be those agenda that will be made that has their own plans too. Start to yourself and be the one that validates information first before you disseminate it.
And I think that the source of many problems in this market is being uneducated.
True that lack of knowledge makes everyone worry and that's where the fear starts if they don't understand how the market works.

ignorance is the common reason why people spread fud, hate or dislike to certain things. but once you educate them, they will change their perspectives. so if you are hesitant on some things, why make a habit of educating yourself. don't just listen to other's opinions because it is tainted by bias already. just like many anti-bitcoin or anti-crypto, i believe most if not all them haven't experienced receiving or transacting crypto. but once they experienced it, high likely they will change their stance on this matter.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
No one way to settle it because there will always be those agenda that will be made that has their own plans too. Start to yourself and be the one that validates information first before you disseminate it.
And I think that the source of many problems in this market is being uneducated.
True that lack of knowledge makes everyone worry and that's where the fear starts if they don't understand how the market works.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
-snip-
As regards our crypto-currency that is affected by "FUD" is there no contribution we can make to settle this?
The only way to stop people falling from FUDs is to spread knowledge among them. In other words, educate them. Don't share those articles that spreads FUDs through clickbait titles. If someone shares one, make sure to provide them with correct information while telling them not to share those contents. Assist people that are for the FUDs. Stop them and make them aware of what's going on. This is the only way to stop FUDs.
sr. member
Activity: 1652
Merit: 304
kycfree
I think that the most important thing to do at this point is to educate people definitely. And I think that the source of many problems in this market is being uneducated. People don't have enough knowledge about cryptocurrencies and this causes them to take not very sensible actions. Even without FUDs, people themselves affect the prices in the market by their actions. Because the demand is everything for this market.
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