FUD - Does It Affect the Market Anymore?

avatar

image.png

Remember just a few months ago when we, the crypto community, sat in a constant panic wondering if we are going to receive some good or bad news about crypto that day? It felt like our entire portfolio balance was held in the hands of influencers and corporate billionaires. This dread was beginning to take a toll on investors, hence why a lot of them got out during that mini-crash.

Since May 2021, or even sooner, it appears that we don’t have to live in that state of panic any longer. Of course, we still see FUD (fear, uncertainty, doubt) on a daily basis… but it doesn’t seem to sway the market as much as it used to. Banks banning crypto purchases, false news about Amazon accepting cryptocurrency payments, you name it. We experienced a slight dip, but the market is on the rise yet again.
 

image.png

In my opinion, crypto investors aren’t phased by FUD as much as before simply due to the fact that there’s more knowledge and information being dispersed regarding crypto projects. Investors don’t necessarily need to read each negative article anymore because they 100% believe in the project they’ve invested in. While I’m sure it’s not the only reason, I believe it does play a major role.

Back in the early days of crypto, there wasn’t much to go off of regarding the information on projects. Each project seemed like a fintech start-up and investing was driven mainly by hype and speculation. While we still thrive on hype and speculation, logic takes over before following the herd of sheep.
 

image.png

I believe this creates a new, stronger sense of community within the crypto world. In this volatile, trustless market, we all have to stick together towards the end goal - a financial world that’s decentralized and more peer-to-peer. The more everyone realizes this, the stronger our community grows.

We used to get all of our information from media platforms, whether it be on social media sites themselves or just from changing the channel on TV. As the years go on, especially with election bias and COVID-19 misinformation, people around the world are beginning to take each new broadcast with a grain of salt… and it’s about time. That’s another reason why I think FUD doesn’t affect the market as much anymore. The dissolving trust between viewer and media provider is turning this world into a more logically inclined society instead of believing everything you hear.
 

image.png

The unfortunate truth is that we will never escape FUD. Media platforms will still spread misinformation, someone in your crypto chats will spark fear one way or the other, and the market volatility will scare the weak away. Regardless, we are beginning to realize that false/fake news isn’t affecting the market as much as it did in previous years.

Don’t worry… soon, it won’t matter what Elon tweets about!
 

Do you still think the market leans heavily on news?
Leave a comment and keep the discussion going!
 

Thanks so much for reading my blog today!
Stay tuned for more!

Posted Using LeoFinance Beta



0
0
0.000
7 comments
avatar

yeah Elon's tweets wont matter much but there's still too much profitability paired with greed and impatience. Hence fud and fomo

Posted Using LeoFinance Beta

0
0
0.000
avatar

Congratulations @cryptosota! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 100 HP as payout for your posts and comments.
Your next payout target is 250 HP.
The unit is Hive Power equivalent because your rewards can be split into HP and HBD

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Power Up Day - August 1st 2021 - Hive Power Delegation
0
0
0.000
avatar

The market has matured and become stronger, also another aspect is that the garbage has been cleaned up a bit, and all those who were panicking are staying away from the crypto market.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Most of the market participants in the first part of the year were completely new to crypto and had no idea what they were doing. Every tweet from Elon made them anxious and forced them to make bad trades. When you multiply their collective efforts, this has to make the market more sensitive than usual.

Right now it feels like everything has toned down and only a small percentage of them stayed involved in the space. Very similar to what happened in 2018. Since butter hands already capitulated FUD has far less of an impact IMO.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yea, I agree

Corrections like the ones we experienced recently usually weed out most of the weakos

Posted Using LeoFinance Beta

0
0
0.000
avatar

Good points

I think the market is becoming more resilient to FUD indeed.

Just this morning I was reading an article titled something in the lines of "The cryptocurrency bomb is finally going to explode". As you can imagine, it was pure FUD.

When I checked the comments on the article, 95% of them were really thrashing the author for spreading FUD and calling it a lot of BS. I took that as a good sign.

Posted Using LeoFinance Beta

0
0
0.000