Fear Uncertainty and Doubt, three words hidden in the often used acronym, FUD.
FUD occurs when an article is written suggesting a problem of some kind exists for a token, coin, exchange or a new crypto development. There are many writers looking for news, some of whom will quote the story without checking its truth or validity.
Of course, once more and more people write about it, the FUD spreads very quickly and can cause a large price correction for the crypto involved, which goes on until the original FUD becomes a self-fulfilling prophecy.
This means that the market prices can be manipulated by spreading a bit of FUD, with the perpetrators being able to buy assets at a reduced price.
The use of FUD together with articles that induce copious FOMO mean that high worth traders can make considerable profits at the cost to those who make trades based on emotions.
So, don’t buy at the top or sell at the bottom.
Sell as you make profit and only buy when your reading suggests that the token or coin is likely to rise.
Easy to say!