Crypto Slang: FOMO and FUD -

If you’ve spent all day reading crypto news on social media, there’s a high chance you have FOMO. And when people share negative information about cryptocurrencies online, it could also is a FUD. What should you do when you find one? Here’s what you need to know.

FOMO stands for “fear of missing out”. It’s a feeling of anxiety often felt when others know something you don’t and u afraid that you’ll be leaving behind. In the cryptocurrency industry, FOMO amplified investors to follow the crowd on a crypto project without fully understanding the risks involved.

FUD stands for “fear, uncertainty, and doubt.” In the crypto space, FUD often refers to general skepticism around the technology, projects, a specific token, or protocol in an attempt to disarm criticism.

What should you do when faced with FOMO and FUD?
Both slangs have common points, Fear and Greed. Don’t let emotions run your investing strategy. Trying to chase the current emotion can lead to disaster. And always #DYOR — Do your own research!

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