What is FUD in the Crypto World? Check out the Explanation

The word FUD is of course often discussed by crypto enthusiasts. However, maybe there are still some who don't understand and know it.

It is known that public interest in investing in crypto is getting higher. What needs to be noted, we must pay attention to a number of things before deciding to invest or not.

Like, understanding about the crypto project that will be chosen and ready with all the risks involved.

In Indonesia, there are tens of millions of people who have invested in crypto assets.

This figure is known based on data from the Commodity Futures Trading Regulatory Agency (Bappebti).

This time we will review about FUD in cryptocurrency so that you can invest as well as possible.

FUD is a term in the crypto world. So we need to know what crypto FUD is so we can avoid it.

Also read:
The difference between Crypto Coins and Tokens and Their Effect on Prices
What Are Crypto NFTs? Here's the full explanation
How to Invest Crypto When Bearish for Beginners 2022

FUD in the Crypto World

Of course, you want to know what FUD crypto is. You need this so you can find out and be able to invest in crypto assets better.

These words often come up in discussions in the crypto community. So what is FUD crypto?

Let's see more!

FUD stands for Fear, Uncertainty and Doubt or fear, uncertainty and doubt.

It is known that FUD in the crypto world is a propaganda ploy to make the price of an asset significantly decrease. People who carry out these activities are called fudder.

Fudders will seek to influence other investors to divest crypto assets.

Usually, they will share bad information about a crypto project they want to buy.

A number of crypto asset investors affected by the propaganda are expected to sell their crypto assets.

When other investors sell it, the funder will be there to buy a crypto asset at the cheapest price.

After that, they will sell it again when the price has recovered.

Fudder regularly appears in the community social media groups of a crypto asset.

Then, they share bad things about a crypto project into the discussion room.

Read:
The difference between Crypto Coins and Tokens and Their Effect on Prices
Listen! These are Terms in Cryptocurrency that You Need to Know
Who Created Bitcoin? It Turns Out This Person!

How to Overcome FUD

You can avoid the fudders from being influenced by their propaganda.

There are a number of things you can do to avoid them:

Steps that need to be taken to avoid that is to do research.

Always do your own research (DYOR) to get to know the chosen crypto project when investing.

By recognizing the chosen project, you will not be easily influenced by propaganda from fudder.

Apart from that, you will also know better about the crypto project you have chosen.

Use the results of your research to determine what step to choose in investing in crypto assets.

So you won't be affected by bad news or information from fudders.

We have to look for data and facts from a project.

Because, it could be that the information conveyed by the fudder is not true.

Then multiply references related to the project you choose.

So, you can increase your knowledge when investing.

Furthermore, don't easily believe information from outside and look at the figure behind a project.

As well as following project developments from a coin or crypto asset that you have chosen to invest.

Also read:
Wow! Virtual Cluster Land on RansVerse Sold for IDR 150 Million
Collaboration with RansVerse, SBM ITB Students Can Study in the First Metaverse in Indonesia
Get ready! RansVerse Land Sale Will Be Held June 30, 2022

About VCGamers

VCGamers is the pioneer of the web-3 ecosystem for gamers in Indonesia.

VCGamers was born from a community of gamers and then built a marketplace to meet all the needs of game players.

Furthermore, it received initial funding of US$ 2.6 million or IDR 37.3 billion led by BEENEXT and RANS Venture in mid-2021.

Powered by Blockchain technology, in early 2022 VCGamers launched a crypto asset named $VCG Tokens which operates on Binance Smart Chain and Ethereum.

VCG Token is built on a platform-agnostic and game-agnostic social trading network.

There are a number of features that have been launched by VCGamers. Like, $VCG Staking and $VCG Swap & Bridge.

Currently, the VCG Token has been used as a medium of exchange in the first metaverse in Indonesia, RansVerse.

All economic systems in RansVerse will use $VCG.