Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on June 09, 2021, 12:02:44 PM
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First and foremost, one of the many who are not necessarily liking any FOMO, FUD, hypes, half-lies/half-truths and all the nuisance in this growing, expanding and exciting cryptocurrency industry. However, we also have to admit that without those things, I don't think this industry can ever be exciting...so we can say that they have become like a necessary evil we have to experience and endure, and it is all up to us to shield ourselves from the possible fall-outs that can happen anytime if we are not really careful.
As long as this industry is populated with people - human beings with the usual human nature then it would seem very difficult to avoid those nuisance and even the crypto-focus media is using them to attract more eyeballs to their content - well the more views the more money they can generate.
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I agree with you too and I believe it is necessary for the space. imagine that the market keeps going in one direction without any FUD to make people panic and make mistakes with their trades ;D while others profit from it. And besides like you said, humans are not only emotional but also have different attitudes and will approach things differently and crypto is no exception.
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Maybe without these things cryto space will not be like it. But crypto is more associated with money so i think this not an exciting thing to loose money. And you said that without these fuds market will be stable but that is not right. The price will be volatile depending on how the project is working and developing.
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Let us say that FUD, FOMO, and Hypes are just part of the game that's why we must ride it more smartly, the crypto industry is still in its infancy thats why it has plenty of room for improvement, maybe soon it will vanish who knows everything can happen in the crypto industry.
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It's sad to admit that this market is still being manipulated by FOMO & FUD. However, that is why it can bring great returns to smart investors. And we also have to admit that this is a transition period for the crypto market before it is recognized and popularized as stock market. Then the opportunity will be less, the profit will also be less and I think the excitement of investors will also be less.
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That's an excellent point you make, that is a large part of it
It doesn't help that frankly most people don't care about the tech, they care about the ROI. I'd like to see projects like AAVE, YEARN etc get further respect, resulting in the likes of what they provide as truly "exciting"
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Yes, you are right. many greed people are try to FUD innocent user. This is really bad thing so we need to more careful . cryptocurrency market is a very risky because greedy people try to FOMO and FUD , So we need to unity and learn .
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FOMO, FUD, and Hype are something that is always here in the crypto world. The bad news and good news also always give a certain influence to the price of Bitcoin that influences the altcoin prices. So far, many people are attracted and influenced by FUD, FOMO, and also Hypes. And in this case, not everyone can really be wise after them.
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It is clear that a stable market will not have x10-x100 or even x1000 indices in just 3-18 months like crypto. FOMO is the main driver for the market to grow and FUD is the way for market to return to its true value and potential. I don't think we can change this financial game when power is in the hands of whales. I'm not trying to change market status and rules, I'm just trying to make a legitimate profit in this market ^^
So I accept the existence of FOMO & FUD. Not HYPE or Ponzi scams.
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FUD, FOMO and HYPES are part of cryptocurrencies excitement. If the market is stable we cannot have much excitement to see the price pump 30x because of HYPE. Hype makes the price to increase while fud is dragging the price down. All of these are just temporary but will never end the cycle.
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Actually FUD FOMO are the common things in Crypto Market.But it doesn't work always.We saw when btc price was 60k then People were in FOMO.So Obviously Crypto currency is most exciting for experienced traders.
By the way FUD FOMO are actually Crypto slangs.To know the meaning and other Crypto slangs you can check here - Article (https://articles.whalesheaven.com/every-crypto-slang-explained)
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In the news cycle, FUD / FOMO / controversy / hype sells better (i.e. attracts a larger audience) than neutral news. So it's unavoidable; we see it in crypto as well other arenas.
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Fomo, fud and hype are all part of crypto when this elements are absent the market becomes very boring and unexciting to be, besides hype helps to increase price pump, any project with a good amount of hype has a better chance than those without it.
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Yes. it has become a trick to attract people's attention to the decision to be taken. I think we must have a commitment not to follow their game. I always avoid FOMO,FUD, etc
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It is not about exciting or not, but about how we are really ready with the market conditions that are very volatile moreover because of the FUD, HYPE, FOMO.
Sometimes, we may be shock enough by the sudden difference and change in the market and like or not, we must do some actions in order to secure our assets, whether to cut loss or even hold tight. And about the market dynamics, I realize about it, but I really don't like FUD. Fomo. and also Hype
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Yes. it has become a trick to attract people's attention to the decision to be taken. I think we must have a commitment not to follow their game. I always avoid FOMO,FUD, etc
I agree. Patience is necessary to avoid being in hurry not to mess the fake gem opportunity. Not safe to join the FOMO and FUD. We can buy the token cheaper than in hype. Market correction is real. Dump is real. We buy in low price and sell when it is high.
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The state of the crypto market is not good yet and it is not possible to say what will happen with this market.we also have to admit that this is a transition period for the crypto market before it is recognized and popularized as stock market.There will be less business opportunities, less profit, less investor excitement.I always want something good to happen with the crypto market.