Fud meaning in crypto

It’s useful, although a bit skeptical towards cryptocurrencies.

Vaporware

A vaporware is a product which everybody knows about during the development stage, but it ends up not being developed. That’s the worst case scenario: alternatively, the product can be announced months before its release, and then all the details of it are kept in secret.

Vaporwares often popped up during the 1980s bull market. They were also pretty prominent in the dotcom bubble of the late 90s.

The term has been criticized for being used too broadly, turning into a stain on the reputation of the developers.

Rekt

A distorted form of the word “wrecked”. Borrowed from gamers, it describes a dire situation in which a person or a coin is ruined financially.

Fud meaning in crypto

Today, we’re going to tackle crypto slang. It may seem intimidating at first, but once you get acquainted with it, you’ll want to use it as often as possible: it sounds really cool. JUST HODL AND BTD, SCREW ALL NOCOINERS – you know, that kind of thing.

Some of these words and abbreviations are used in finance & investment in general, but most are exclusive to the crypto industry.

Let’s go!

GENERAL FINANCIAL LINGO

Whale

А whale is a big playa (with a “ya” at the end).
It’s an individual so wealthy that he can unilaterally alter the direction of the market.

When a whale puts a huge “buy” order, the price skyrockets, and people (foolishly enough) flock to buy it, thinking it’s going even higher.

Fud meaning in cryptocurrency

United States under stricter conditions. FUD also creates an opportunity for trading volatility for traders and buying assets a lot cheaper for investors. Bitcoin price is already back at the highs set before the FUD began, proving that it wasn’t a bad thing at all, but another chance to go long and make money on the price swings in between.

Because there is so much subjectivity to crypto FUD, we’ve prepared these commonly asked questions to make it easier to understand what’s going on with crypto FUD.

FAQ: Frequently Asked Questions

What Does FUD Mean In Crypto?

FUD stands for fear, uncertainty, and doubt, although it can often have a broader meaning and there are various types of individual FUD themes.

What Causes FUD In Crypto?

FUD in crypto is caused by changes in trend and human behavior.

Fud means in crypto

HODLers are those who bought crypto (mainly Bitcoin) very long ago and have been holding on to it ever since, resisting the urge, for example, to sell it during the new all-time-highs of April and November 2021.

They believe in the technology behind crypto so much that they are willing to sacrifice short-term profits in order to use their coins decades from now when they’re the only currency in the world (allegedly).

HODLers have online support communities where they tell each other to man up and keep holding, with rising and plummeting prices alike.

Some of the HODLers even retire to the woods: that’s how extreme their lifestyle can get.

Going to the moon

You’re bound to have seen this online at some point.

Fud definition crypto

One cannot fully explain this concept in a hundred words we have for this section, so if you’re interested, we advise that you check out a material dedicated solely to the topic.

No-coiner

A new coin or is somebody who hasn’t put any money into cryptocurrency. The reason for that is usually believing that crypto is a bubble which is about to burst.

If you want to get inside the nocoiners’ (this spelling is also appropriate) mind, you can read an article by Vice.

Queerly enough, there is no word like “all-coiner” describing somebody who has their entire portfolio in crypto, even though it is much worse than having none at all.

FUD – Fear, Uncertainty and Doubt

Spreading FUD is distributing false information about a certain cryptocurrency in order to ignite panic in the heart of investors and cause the price to drop.

What does fud mean in crypto

Moreover, such actions support the argument put forward by Jackson Palmer of Dogecoin, that crypto is a “cult-like” mechanism to get rich.

Coindesk reported in 2018 that the XRP Army saw every criticism towards XRP as ‘FUD’; even Ripple’s own media statements were attacked if they didn’t align with the community’s “only up” prerogative. Thus, ‘FUD,’ in most cryptocurrency community interactions, is used to discredit anyone challenging the norm, even when the claims being made are factual.
For example, one Discord user told us that “when I had honest questions, I was blamed for creating FUD.”

Thus, ‘FUD’ has become a tool that helps projects to maintain their narratives, despite any incongruences found in their statements, progress, or financials.

Full meaning of fud in cryptocurrency

It is done for the safety of you and your funds, so you can trade freely knowing that everyone else on the platform has passed such a procedure too.

However, if you value your privacy above safety, then decentralized exchanges (like Uniswap) are exactly what you need.

NFTs – Non-fungible tokens

NFTs represent such a huge chunk of the cryptocurrency market that they deserve an entire article on their own (currently we have only one on the topic, but it’s pretty curious).

Non-fungible basically means “unique”. Up until recently, no piece of content on the Internet could be unique: the digital environment is replicable by nature.
It poses certain difficulties for maintaining privacy rights. And these problems are solved by NFTs.

When we think of NFTs, we usually imagine an ugly image of a gorilla sold for millions of dollars.

In a “pump & dump” scheme, the scammer tells everyone online about how a particular coin is “going to the moon” (see above) and can alone fund your entire retirement. What he doesn’t announce is that he owns a huge chunk of the said currency.

When people buy into the story, artificial demand is being created, and the price of the coin actually rises (that’s the “pump” part).

And now comes the “dump”: the scammer sells all his coins, capitalizing on the inflated price; The price subsequently plummets, and peoples’ financial state is left in shambles.

Market cap

We actually have a whole article coming up on this topic! We publish links to all our articles on Twitter, so you can follow us and always stay tuned.

The judge also barred McDonnell and Coin Drop Markets from engaging in commodity transactions.

Bitcoin has already been classed as a commodity in the US since 2015 by the CFTC, which is tasked with regulating commodity, futures and derivatives markets. The judge’s upholding of that determination only served to reinforce its standing.

He said it was supported by the plain meaning of the word “commodity” and that the CFTC had broad leeway to interpret the federal law regulating commodities.

The lawsuit has been announced back in January, and the CFTC says that since around January 2017, McDonnell and his company fraudulently offered customers virtual currency trading advice.

Fud meaning in cryptography

And vice versa: when whales sell, everybody sells, believing there’s no bottom to the stock’s collapse.

Many investors (and especially traders) are trying to copy the actions of whales to copy their profits as a result. But this ultimately leads to nothing, since he who maketh the second move always loseth.
Whales are always ahead of us due to their connections on Wall St.

Moreover, you don’t really want to be a whale. When you operate with that kind of funds, you’re always being monitored by the authorities, and any wrong step you take can result in a huge fine or even a jail sentence.

Pump and dump

This phrase describes a classic scam scheme which has seen a genuine Renaissance during the crypto era.

Bullish” is a synonym of an uptrend, while “bearish” refers to a downtrend. This juxtaposition comes from the description of the two types of investors.

Bullish/bearish

Bulls go long on positions and bet on the market going up; metaphorically speaking, they raise the prices with their horns.

Bears, on the other hand, go short and hope the prices will drop (The concept of shorting is a bit complex; if you don’t know what it means, you should check out this video), so they beat the prices down with their paws.

Who knew Wall Street had room for poetry, right?

Buy the dip (BTD)

“Buy the dip” is the easiest and one of the most effective investing strategies. At the same time, it is pretty hard to grasp for an outsider.

Similarly, users making remarks about project developments are shunned using the word ‘FUD.’ One Discord user told DailyCoin that individuals who rely on answering questions by saying “FUD,” “can’t see beyond their own point of view.”

This issue is, of course, not exclusive to the crypto market. As BoE Governor Mark Carney highlighted, the financial sector faces the same problems, which entails the use of ‘FUD’ as a marketing and dismissal factor is not native to the crypto sphere.

Bill Brenner argues that there are instances where ‘FUD’ is “justified,” because it uncovers concerns about a project or its status, with the difference being just that ‘FUD’ callouts are actually intended as constructive criticism, which not all are receptive towards.

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