Crypto’s ‘Peak FUD’ Moment Has Arrived as Hammer Drops in China

[rpm]

Crypto’s ‘Peak FUD’ Moment Has Arrived as Hammer Drops in China

Among the countless pieces of technical jargon and acronyms that the cryptocurrency community throws around, there’s one important concept that’s easy to understand even for the liberal-arts majors among us: FUD.

That stands for “Fear, Uncertainty and Doubt” and it’s sort of a catch-all pejorative used to dismiss the seemingly never-ending list of concerns and criticisms that perpetually dog the digital-asset class even as it continues to grow at a breathtaking pace.

 

[Willie Trombone]

True. When the establishment throws its toys the anti-establishment buy the dip. The trouble the establishment has is that the anti-establishment numbers are growing. It's a bit of a movement. Like it or not.

 

[DapperDanMan]

that perpetually dog the digital-asset class even as it continues to grow at a breathtaking pace.

Subliminal pump for dogecoin, incoming!!

 

[Willie Trombone]

Subliminal pump for dogecoin, incoming!!

Dis RPM nie Elon Musk nie.

 

[MrGray]

China has regularly been “banning crypto” in one way or another for years. With each attempt it takes the market less time to realize it’s nothing significantly new or meaningful in the big picture.

 

[marco79]

 

[Sensorei]

China's many Bitcoin banning announcements have pretty much become 'wait for the fear and buy' signals.

 

[w1z4rd]

Mybroadband was a part of spreading that fud.

 

[Synaesthesia]

China has not banned crypto transactions before.

I really don't see the point of Bitcoin, and I was an early adopter and super excited about it from the beginning. It's just become a vehicle for speculation, like a unstable stock.

 

[Herr der Verboten]

Mybroadband was a part of spreading that fud.

did you report it?

 

[Jo-Jo]

If China bans it it...buy it...Google, Facebook(ugh) etc to name a few.