FUD!
This is how every article with news that is not bullish is treated by the crypto community.
Comments on any negative crypto news are like this:
"It is obvious the author sold his Crypto and wants to buy again lower"
"The author is playing the game of the whales"
"This is FUD…pretend it doesn’t exist"
It is all just lies and deceiving news paid by bears and enemies of Crypto, am I right?
WRONG.
Some reporters are dishonest, but you can just read the articles, validate, and find the truth on your own. When there is deceit it is becoming apparent after some research. The facts will be distorted and presented differently.
Image from: Twitter
FUD stands for Fear-Uncertainty-Doubt.
It is a common strategy by some people that we can find it everywhere, not just in Crypto. As we mature we manage to control our thoughts and emotions and most importantly we grow a thick skin.
FUD is intentional. It is the way news is reported and how situations are presented as unfavorable to us, while their effect will not be that much.
Always the spread of FUD is going to help someone and it is planned.
Everyone that spreads FUD has a plan, a target, and an audience. It becomes clear with time and more discussion if the reporting of news contained misinformation, poor information sources or even being just a made-up story without any connection to real events.
Classifying all bad news as FUD is equally erroneous as treating every good news and development as just hype.
In the comments section of every negative news publication for $BTC, there will be a hundred shills blasting the author for spreading FUD and negativity.
My previous article (The Many Errors of CZ_Binance) was about CZ and his many errors, and one that I forgot to include was how he classified as FUD everything that wasn't bullish according to him.
CZ has led his army of Binance shills into categorizing everything as FUD, often without even explaining where the spread of FUD exactly was. CZ is basically an abuser of the term FUD and anything he posts should always be taken with a pinch of salt.
Example of real FUD
We know it when we see real FUD. When someone tries to create artificial fear by invalid arguments and lies without any proof at all.
This is a manipulative comment. We see this kind of approach in shows like "Ancient Aliens" where they instantly take for granted something that has a 0.00001% chance of happening, and move on from there to make a ridiculous case and 1 hour of nonsense.
Pure propaganda and this is proven with the following posts of "Cryptonators".
I never thought that Bitcoin Cash is such a big shitcoin!
-Cryptonator (Source)
First and foremost this guy is using a wallet that didn't allow him to extract the keys. I think we already explain every day how much important it is to write down the keys to your wallets and never use any custodial wallets.
From my experience, I've never had any problem with noise.cash, or Bitcoin.com wallet. This is certainly an Atomic Wallet issue and since the guy can't export the keys it is obvious a shit wallet that should be avoided. I've also read about countless issues from users of Atomic Wallet, having lost their crypto, before I found this post.
Anything that doesn't allow the extraction of private keys is custodial and should be avoided.
However, this guy, amazingly went on with his rant on Twitter on read.cash and without any real proof either just calls Bitcoin Cash a shitcoin. Even the reason he gave without any proof is just an attempt to discredit the whole Bitcoin Cash ecosystem.
All these series of comments and posts by this guy are just FUD.
Instead of allocating all this fury and bitterness to Bitcoin Cash, it should be targeting Atomic Wallet instead.
There is a strategy, a target, an audience, and an execution of a plan. It wasn't one Tweet only, but a series of Tweets and even after long discussion and even developers explaining where the error was, the final words were these:
I never thought that Bitcoin Cash is such a big shitcoin!
-Cryptonator (Source)
I've never heard of other noise.cash users having this kind of problem. Nobody is using Atomic Wallet anyway and I remember all the accusations against it since 2018 (see: bitcointalk).
While I don't usually trust bitcointalk about anything, this is a very convincing case to avoid using Atomic Wallet.
In fact, I haven't heard of any such problem before on any other wallet, and still this is not a case against Bitcoin Cash.
I never thought that it will cost me more than $15 bucks to send a Bitcoin Cash transaction. Honestly, I am still shocked.
-Cryptonator
Honestly, this is disgusting. There have been answers to this guy from the first tweet and many tried to find out where the error was, however, this guy went on condemning Bitcoin Cash on each of his articles/posts, didn't try to understand where was his fault or didn't care to understand.
He is even acknowledging replies about Exodus and Atomic Wallet having this issue, yet at the same time, he instantly dismisses them and keeps his rant about Bitcoin Cash.
This was his plan all along. Play the victim and accuse the network.
This is a solid case of FUD.
Yes, since this was the outcome of the whole rant:
I never thought that Bitcoin Cash is such a big shitcoin!
-Cryptonator (Source)
It takes a lot of experience and maturity to overcome emotions when your investment starts growing.
The Crypto industry is still at an embryonic level. Everything is very volatile. The market is universal and subject to rumors and news that turn the tide from bullish to bearish in no time.
Investors are subject to emotional changes and can easily become victims of FUD.
When someone is questioning, this is not FUD. However, when a view is biased this may not be obvious to a beginner but only to someone experienced.
He is still on noise.cash for some reason even after all this nonsense and keeps receiving tips and payments. Maybe a part of the community has forgotten or forgiven however this manipulator has lost all credibility as far as I'm concerned.
Whatever we write stays and describes us as a person. It is a shame to try and damage a network with FUD, lies, and deceit like the above example.
Lead Image From: Unsplash
*I found about this guy after some members of read.cash asked me if I was him (Cryptonators) about one month ago! Now it seems very funny, as I didn't know a lot about this guy back then. Anyway, people change and maybe he realized his mistake. However, the read.cash post and the tweets are still there hanging and accusing Bitcoin Cash of something that was the fault of a multi-asset third party and not Bitcoin Cash, which was wrongfully accused throughout the posts and articles of "Cryptonators".
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FUD may be identifiable by the intersection by an absence of evidence and an absence of engagement.
Some people can get trapped in a 'error bubble' but usually can dig their way out through patient dialogue.
When the dialogue turns one-sided and tinged with emotional appeals
then it becomes a waste of time and effort.