[2016-10-27] Fear.Uncertainty.Doubt Strategy To Kill Bitcoin And Blockchain

[Nina Lyon]

FUD, also referred to as “fear, uncertainty, and disinformation”, is a marketing strategy used against a competitor's product to prevent that product from becoming widely popular amongst consumers. FUD campaigns intend to sway consumers toward “safe” and reliable products with a well-known history. FUD campaigners do this by exploiting a consumer's fears, uncertainties, and doubts regarding the competitor's product.

Since Bitcoin’s release in January 2009, Bitcoin has been “the competitor's product”. The cryptocurrency provides a solution to the inefficient method of banking that is currently used in the banking & finance field and that terrifies those that profit off of the well-known traditional banking method.

Read more: https://coinidol.com/fear-uncertainty-doubt-strategy-to-kill-bitcoin-and-blockchain/

[Kprawn]

These strategies only work on the uneducated people who do not care to dig deeper. We as the community should debunk all the FUD being

spread about Bitcoin and we should identify the people {shills} behind it. The only way to do that, is to flood the society with information that

helps to educate them. The truth eventually debunk these lies and then these people look like fools.    Just keep on spreading the truth.