FUD Is a Trigger For Bad Decisions .:. Hump Day Easy Talk

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    ph1102

    Published on Dec 29, 2021
    About :

    Do you know what FUD means? According to Wikipedia, it's shortened for Fear, uncertainty, and doubt and believe it or not, it wasn't discovered by crypto maniacs... :) But, it got very popular in bear market times when prices are going down, and mainstream narrative is getting very negative...

    Fear, uncertainty, and doubt (often shortened to FUD) is a propaganda tactic used in sales, marketing, public relations, politics, polling, and cults. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.

    If you have checked the link, you have probably seen that there is nothing positive about FUD and it always has some "secret message" that will push the majority to do something that they wouldn't do without it... It's usually creating HUGE news from something almost irrelevant, just to provoke certain actions...

    Lately, we can notice a lot of FUD not only in the cryptocurrency world but also in other aspects of life... To be honest, if you turn on the news, the only thing that you will see is spreading FUD all over the place as FEAR is the strongest emotion that can make you do some unexpected things that you would NEVER do...

    If we look back to crypto and try to be objective about current events, you will notice a lot of FUD which is visible by a state of panic among people... Completely irrational things, like selling some 2-3 year holdings of BTC, ETH, or HIVE because of 10-20% price dump?! It sounds big in some traditional (stocks/banking) aspects, but in crypto, that's nothing... We have seen drops of MAJOR cryptocurrencies in almost 90% and this looks like child play for experienced users...

    Also, one of the biggest problems is short-term thinking that most people have... They see a 15-minute chart full of red candles and a panic attack kicks in... Always, always, zoom out those charts and see how irrelevant is your fear... I was watching how some people from my close surroundings react in the last few days and I'm very disappointed... But, I can understand that FUD kicks directly in your emotions and people don't think clearly... It's very hard to "distance yourself" from feelings...

    But, selling your long-term holdings and trying to "save" your assets by buying new shiny things isn't a solution... Not even a short-term solution... In this video, I have tried to "explain" these things to myself (and others) why it's not smart to do it... Even if you are right that some "bad market conditions are coming"...

    Check out the video for more details...

    I will keep the same ending as in the past post:
    This is not financial advice, this is just my view and my preparation for the upcoming bear market... Not saying that it is here, or that it will come in a week or two...

    Thank you for your valuable time,

    ~ph~


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    Music in video:
    Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
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