FUD is an acronym that stands for Fear, Uncertainty, and Doubt. FUD is frequently used in the crypto community by those who do not believe in the project or wish to lower the price of the token purposefully. It's crucial to understand how FUD works so that you don't fall into the trap created by others, or even utilize it to your advantage when it comes to investing your assets. It’s no secret that time by time Bitlocus gets attacks for FUDers, so we feel responsible for our community members to help them recognize bad intentions.
Why do people actually use FUD?
First of all, FUD can be used by particular people that actually hold grudges against the project for their own reasons. It might be that they bought tokens at a high price and then the value suddenly dropped, or that the team is not delivering products as promised to the investors. This kind of FUDer wishes to do as much harm as possible to the project.
FUD may even be initiated by a well-organized group of people that wants to decrease the token’s price on purpose in order to buy an asset at a really low price and sell it high, in the result taking much bigger profits.
Finally, the last category; is people without any understanding of what and why they spread FUD. This category of people fails to DYOR and believes in everything that is written on the internet. It can even cause herd behavior among the community, and the FUD can be spread really widely.
How to recognize and handle FUD?
The sad truth is that no matter how much we try, FUD can’t be stopped. People will always find ways to do harm to the project. On the other hand, if the project is actually a scam and people spread FUD about it, it might save you from losing tons of money. So, that’s why it is important to improve your critical thinking and not get influenced by FUDers.
It's necessary to check multiple sources, possibly in different languages, to determine whether the unfavorable information is reliable. It is quite likely that FUD is warranted and the bad news is true if the negative information is spread on many different sites.
However, the chance that this information is accurate is probably quite low if you just hear it from one source or see it in one place. The biggest possibility is that the FUD is spread by one unhappy investor or just a troll.
Lastly, it is critical to check the reliability of the source. A lot of projects (including Bitlocus) have fake Telegram groups or Twitter pages, so take a deep look at that before making any conclusions.
How is Bitlocus affected by FUD?
As we mentioned earlier, Bitlocus receives some unwanted attacks from FUDers, but we are happy that it happens rarely. Moreover, our team did research on that, and, in truth, these individuals 99% of the time have recently registered accounts with a couple of followers, and the news that they are spreading is not reliable.
To conclude, it is important to improve your critical thinking skills and not to believe in everything that is on the internet, especially in the world of cryptocurrency. Check multiple resources, analyze accounts that are posting negative information, and make the decisions with your own head.