FUD: *“fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.”* FUD plays on our naivety and fears, and is a form of social manipulation, plain and simple.
We know there’s a coordinated effort by anti-crypto groups attempting to destroy cryptocurrency. They’re attempting to do so by posting negative content in hopes of sowing fear and distrust. Many of these groups, such as r/buttcoin (see Forbes article: [ operate right here in the open on Reddit.
Members of these groups attack crypto by going for the jugular, for example by attacking the integrity of USDT. Their arguments against USDT are ridiculous and speculative, but to the uninformed may sound like valid concerns.
They believe attacking USDT with FUD will cause the collapse of the entire crypto market. Their FUD however is not limited to USDT. You can often spot these bad actors by checking their post and comment history to get a general idea of their sentiment towards cryptocurrency. If you check their post/comment history and see their account is new or they have very little karma, that’s another red flag they may have bad intentions.
I believe we should aggressively call these people out and downvote their posts and comments. Often, they will hide behind phrases such as “this isn’t FUD, the community needs do discuss these things,” or “I’m asking a valid question/I have a valid concern, that’s not FUD”. Sure, there are some who really do have valid questions or concerns, but many are working in coordinated groups to try and destroy cryptocurrency, and we must be vigilant.
We must come together as a group to denounce those that are here with bad intentions. Those asking valid questions and voicing valid concerns must understand we’re going to be skeptical, and may question motives.
If you’re in support of cryptocurrency as a whole let’s try and view every negative post and comment with a skeptics eye. Do not be afraid to review someone’s past post and comment history, and be vocal about questioning someone’s intentions if need be. We must not allow ourselves to be intimidated by those who act aggressively towards undermining crypto’s integrity.
Short a coin. Hire a marketing team with access to bots/paid commenters. Spread aggressive FUD. ???? Profit.
I feel sometimes its just people who are hedging hard for greed. Same guys who tank legit companies because its free money.
All legacy financial institutions including investment banks and insurance giants, central banks, and governments reliant on fiat all benefit from holding crypto back. If you haven’t noticed a concerted effort to discredit and diminish cryptos market growth then you aren’t paying attention.
Any government that values control over it’s people
If Tether doesn’t want to be FUDed, they can simply do 1 thing: agree to be audited.
Lmfao. And so it begins. /r/CryptoCurrency reaping what they’ve sown.
The sentiment factory now purgin itself in skepticism.
I mean IF crypto fails then we will continue to have to use conventional money systems which I assume the governments of the world would like. Fxck them
>Those asking valid questions and voicing valid concerns must understand we’re going to be skeptical, and may question motives.
that attitude will totally inspire new people to invest in crypto ensuring it lasts long into the future /s
Only guys in charge of traditional money and maybe Warren Buffett and his little Chipmunk looking brother Charlie?
People who are rich in things other than crypto stand to gain from its failure as it reduces competition against their valuables.
People who want to buy in lower
This is how you get an echo chamber and a bunch of people taking on risk they can’t do research for if all the due diligence is downvoted
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Banks and governments. Crypto attempts to undermine their control.
cryptocurrency will rise stronger
Failure of crypto? Come on.
As much as I don’t like the buttcoin sub they have some valid points and it would be better in the long run if usdt would finally crash. Certain Cryptocurrencies will continue to thrive regardless
Who needs paid disinformation campaigns when we exist lol
Day traders, who cares which way the market moves as long as it moves.
The rich.
Yes, duh.
Money only goes where money is, and where money is, so is power. Happy hoping!
The people who would benefit would be those who got it early, and stole all our money!
USDT refuses to be audited, how is that FUD? They have never proved their stablecoin is actually backed up