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October 30, 2018, 10:32:35 AM |
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Hello community
First let's explain what the status quo terms means. Although so many by now know what the mean for the newbies like me. FOMO... Fear of missing out FUD.. Fear uncertainty and despair Shilling... This is when a coin is getting hyped by a person,group etc
In the cryptocurrency world FOMO, FUD and shilling can be good but also they can be misleading. Just like you so many others are here with the intention to gain.
Adverse effects of FOMO, FUD and shilling in investment
With so many ico, coins, and altcoin and alot of investors in the system it won't be surprising to notice ideas, thought and recommendation flying around some of which are born out of criticism, competition, speculation and just completely baseless. No one owes you any legit solution to understanding the cryptocurrency market so don't expect everyone to have your interests at heart. Making investment moves just based on FOMO, FUD and shilling can land you into some precarious position. Even the ideas of experts can be sponsored. So it's best to believe your instinct and have a good personal understanding. The market is volatile and that means changes are constant avoid been greedy not all well writing white paper turns out to be realistic, it's not the amount of investors that makes an altcoin turn out great. We are in a decentralized system so there is no regulations that enforces any project to leave up to there expectations.
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