"FUD" ( Fear, Uncertainty, Doubt)
Fear, uncertainty, and doubt. This is so big in the Cryptocurrency space. The field is just in its infancy and the masses are just becoming aware of it. There are so many opinions and news concerning Crypto. Much of it is negative. This can be so disconcerting for the new investors. They get emotional and make decisions based on this. Fear sets in. They get scared of losing their investment. They question themselves in why they invested in the first place and soon they doubt their decision and get to the point where they panic sell.
They invested thinking they will make a lot of money and get rich quick. Of course , they don't do any research or even learn what blockchain technology is. Without this basic knowledge, their belief is weak and they don't really see what is in store for the future. That future is blockchain technology / digital assets.
Without this understanding, as an investor, you will sway with the wind. Whatever negative news comes, you will react and "FUD" will set in. "FUD" is dangerous in that if you allow it to take over, you will panic and make bad decisions.
Key thing is to do your homework. The more you educate yourself, the better you will react to negative news and opinions. You start to understand that BTC/crypto is here to stay and is not going anywhere. That crypto/blockchain is the new market and will change many industries in society in how they do business. This is the next "big thing" and mass adoption will come. Governments, Regulators, IRS, Institutions are just positioning themselves. They have already adopted it and know that it is the future. Everything else is just "FUD." Just my opinion, but I believe a good one. What you guys think?
Disclaimer : Never invest funds more than what you can afford to lose. This post is my own personal opinion/speculations/ insights . Please do your own research before making any investment decisions. I am not a financial adviser, nor am I giving any financial advice. If you make any trades after reading this post, you accept accountability and responsibility for any lose that you may incur. By reading this post you acknowledge and accept that.