Do you consider spreading FUD to be unethical?

[goldkingcoiner]

We hear it all the time in the news and even here on this forum - Scary price drop speculations based completely on fake/exaggerated news or on something without any kind of substance.

While we can all agree that panic selling is newbie domain, there are also veterans who love spreading Fear, Uncertainty and Doubt. These are the people who know from experience that the Bitcoin price will definitely rise, but they can't resist buying discount BTC off of panic sellers.

Bear-whales and smaller traders alike spread FUD for the reason of scaring investors and pushing down the Bitcoin price.

Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?

[CoinEraser]

We hear it all the time in the news and even here on this forum - Scary price drop speculations based completely on fake/exaggerated news or on something without any kind of substance. -snip-

Spreading fake news is certainly not good, but it is part of the fact that everyone is allowed to speak their mind. Whether that opinion is right or wrong. Therefore, one should not always believe everything one reads or hears. Forming your own opinion is important. It is true that fear and emotions are played with in order to push the price down or drive it up, but unfortunately this game is part of trading and this happens in all areas. 

-snip- Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?

I don't think it's right what's being done, but it's hard to say whether it's unethical. Either way, everyone has their own view and opinion on it and sees it from a different point of view. 

[Beparanf]

It’s unethical but it’s part of trading to have a movement when the price is stagnant. This is same when shiller is posting about hyping certain things like the price will sky rocket to a certain level without any proof but just faith that it will happened. Trading shouldn’t be one sided and everyone has the responsibility for their own investment so there’s no ethical or unethical when it comes to trading as long as it doesn’t involves direct price manipulation on the exchange through inside trading.

[buwaytress]

Yes, but not restricted to FUD. I think any kind of solicitation is unethical, especially the way most people do it (cherry pick information and showing what is positive, sometimes even unfounded). I love when there's spreading of awareness and information, absolutely don't like when speculative hype is being bandied around. Doesn't matter if FOMO or FUD, it's all generally quite irresponsible leading to people parting with money they can't afford to lose.

I know it's all opinion but when you're spreading it, even paying for it to be heard/seen...

[electronicash]

they all are going to speculate no matter where the price goes. when BTC goes up to $50k, there are still people spreading fud that it will go down soon. they may provide TAs for it and it is all just to make people sell. mind you if they sell at $50K during 2021, then they are absolutely right as well because by 2022 the price goes below $20k. you still can't call it a fud.

[Lucius]

What kind of question is that? Misleading others, or causing fear that can lead to financial losses or even loss of life is unethical to say the least. Unfortunately, the fact that social networks and mainstream media are something that shapes public opinion and that they are structured in such a way that it is very easy to abuse them for any purpose, what is unethical has become quite normal.

However, I would like to emphasize that not all FUD is intentional, because if we just look at this forum, we can see that some, under the influence of the media, are spreading information that is not supported by any facts and has no logic. In other words, those who try to manipulate the market are to blame, as well as those who spread such information thinking that they are helping others.

[mk4]

It’s unethical but it’s part of trading to have a movement when the price is stagnant. This is same when shiller is posting about hyping certain things like the price will sky rocket to a certain level without any proof but just faith that it will happened. Trading shouldn’t be one sided and everyone has the responsibility for their own investment so there’s no ethical or unethical when it comes to trading as long as it doesn’t involves direct price manipulation on the exchange through inside trading.

It's totally unethical; no but's. It's like saying scamming is okay because the victim didn't educate himself of scams — it's unethical regardless of how dumb the scam is.

[hatshepsut93]

If someone spreads FUD with a goal of tanking the price to buy an asset low and later profit from it, that's pretty immoral. And not only immoral, but can also be classified as market manipulation, which is a crime. If someone spreads FUD because they actually believe in it, then it's okay. Aren't many of us here spreading FUD about shitcoins or fiat currency?

[AverageGlabella]

If you know it is FUD and you spread it then yes that is unethical. If you believe in the fud and do not know it is fud but think it is the truth then you are not well researched or maybe a fool but not unethical but I think you should have done as much research as possible before echoing what other people are saying.

[philipma1957]

FUD is perfectly ethical to spread.


Fake news is not.

An example of FUD.

Greenland is melting far faster than expected if it were to melt out in 15 years 10 percent of the worlds land with be under the sea.


Perfectly okay to state above as it fits in with uncertainty and is a true possibility to happen.

So it may not happen which means it is uncertain.

No human unless they can time travel knows if Greenland melts out in under 15 years.
No “.           “.       “.    “.    “.     “.      “.      if Greenland stays fairly frozen for the next 15 years.

So spreading that is fine as it is a true uncertainty.

For instance I may sell my Miami home and buy a cabin in the mountains along with some more btc because I guess the melt out happens.



Lying is different. You are a well known person on social media you say a lie cause you hope to raise or lower the prices of a coin or a stock.

Lets say This which is a lie “SBF cut a deal with Mr V of ETH”

you know it is a lie but you said it hoping to short ETH.

This is truly wrong to do.

[uneng]

FUD is perfectly ethical to spread.


Fake news is not.

An example of FUD.

Greenland is melting far faster than expected if it were to melt out in 15 years 10 percent of the worlds land with be under the sea.


Perfectly okay to state above as it fits in with uncertainty and is a true possibility to happen.

So it may not happen which means it is uncertain.

No human unless they can time travel knows if Greenland melts out in under 15 years.
No “.           “.       “.    “.    “.     “.      “.      if Greenland stays fairly frozen for the next 15 years.

So spreading that is fine as it is a true uncertainty.

For instance I may sell my Miami home and buy a cabin in the mountains along with some more btc because I guess the melt out happens.



Lying is different. You are a well known person on social media you say a lie cause you hope to raise or lower the prices of a coin or a stock.

Lets say This which is a lie “SBF cut a deal with Mr V of ETH”

you know it is a lie but you said it hoping to short ETH.

This is truly wrong to do.

As long as you spread an information because you believe that could be true I believe it's ok, because you are acting genuinely, being transparent and having good intentions. That is actually a way to introduce the discussion to more people, so they can reach a conclusion if that really corresponds to the reality or not.

On the other hand, people who have more knowledge about the matter in a level of depth they know the informations aren't real, but keep spreading it maliciously for the pure pleasure of deceiving individuals or for personal gains, are acting in a very unethical way. That is actually a big issue on the internet nowadays. We don't know in what to believe anymore, because there are many fakes or unlikely to be real stories being heavily disseminated.

[Jody.Drummer]

Actually, spreading news that cannot be proven is clearly not very ethical, but we know that sometimes when we talk about btc, there must be pros and cons. with things like this, of course, everyone can speak according to their own beliefs. We can't forbid what they are doing but on the other hand they can't do anything to ban us either. As long as we stick to this I don't think it's a problem for anything regardless of FUD news or not because basically time can clog their bullshit.

[AverageGlabella]

FUD is perfectly ethical to spread.


Fake news is not.

An example of FUD.

Greenland is melting far faster than expected if it were to melt out in 15 years 10 percent of the worlds land with be under the sea.


Perfectly okay to state above as it fits in with uncertainty and is a true possibility to happen.

So it may not happen which means it is uncertain.

No human unless they can time travel knows if Greenland melts out in under 15 years.
No “.           “.       “.    “.    “.     “.      “.      if Greenland stays fairly frozen for the next 15 years.

So spreading that is fine as it is a true uncertainty.

For instance I may sell my Miami home and buy a cabin in the mountains along with some more btc because I guess the melt out happens.



Lying is different. You are a well known person on social media you say a lie cause you hope to raise or lower the prices of a coin or a stock.

Lets say This which is a lie “SBF cut a deal with Mr V of ETH”

you know it is a lie but you said it hoping to short ETH.

This is truly wrong to do.

But there are not uncertainties about your example because everything is backed up with science. I do not know the exact figures so do not know if yours are correct but if it is accurate the scientists which have claimed this would be able to back it up. You cannot just say that this is going to happen because then you are just click baiting with worrying headlines. It is not researched and cannot be backed up just like fake news. They are both the same.

[GeorgeJohn]

From my area of comprehension on the aspect of your point concerning panic towards Bitcoin market and especially been inquisitive of selling out your coins. So i believe that Bitcoin value can skyrocket today and tomorrow it decreases, actually panicking in cryptocurrency space is not good and i believe that many people have to be conscious of the time frame or decision they take in selling off their coins.

[Baofeng]

We hear it all the time in the news and even here on this forum - Scary price drop speculations based completely on fake/exaggerated news or on something without any kind of substance.

While we can all agree that panic selling is newbie domain, there are also veterans who love spreading Fear, Uncertainty and Doubt. These are the people who know from experience that the Bitcoin price will definitely rise, but they can't resist buying discount BTC off of panic sellers.

Bear-whales and smaller traders alike spread FUD for the reason of scaring investors and pushing down the Bitcoin price.

Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?

Since the market is open for everyone, heck even can be traded across the globe 24x7, I don't consider this kind FUD-spreading as unethical. We really need to be careful on what we read and hear even in this community. We have to digest every bit of it, whether there is some truthfulness on what they say, or it's simply FUD that we can smell it from a far.

So with that, we all have the responsibility, after all it's our hard earn money so we need to be very careful here and not just to blindly trust some posts or some crypto related news online.

[romero121]

From my area of comprehension on the aspect of your point concerning panic towards Bitcoin market and especially been inquisitive of selling out your coins. So i believe that Bitcoin value can skyrocket today and tomorrow it decreases, actually panicking in cryptocurrency space is not good and i believe that many people have to be conscious of the time frame or decision they take in selling off their coins.

We can't say everything is happening ethical. Creating FUD is part of the market movement. Earlier only through FUD the market have been manipulated by the whales. By the time the market is small and now things have changed and so will be the difficulty in manipulation. Nowadays for FUD the market won't respond for a long term as people are well aware to analyse the reality of the incidents connected to manipulate the market. At times it is the FUD that make bullish/bearish move in the market.

[adaseb]

People spread fud everywhere. They do it mostly for their personal gain. It’s not only in crypto. Tesla is another good example.

Many Tesla fan boys were like, “Tesla is going to be $1000 a share” and they were spreading fud about the other upcoming EV such as Lucid. Because they wanted people to sell Lucid and only buy Tesla.

When it touched $100 a share. Many were doing nothing but spreading fud comparing it to lower pe auto makers and saying it should be a $30 stock.

[STT]

Greenland is melting far faster than expected if it were to melt out in 15 years 10 percent of the worlds land with be under the sea.

Greenland is a worry for sure, but this is a reasonable concern.   The entire country is altering because of the disappearance of glaciers.   Some countries wont exist in a few years because of global sea levels being above the highest point on their island; Netherlands is famously an advanced modern nation facing great challenges in future from undeniable alterations to world weather etc.  These are reasonable concerns that are true so its not FUD as its mentioning the worst possible outcomes; to some this is prudent discussion to be aware of.
 
FUD to me is when people choose to mislead and lie especially in the short term.  People commonly call out the death of celebrities', possibly a company leader or in some cases sports figures (falsely) to alter the betting odds available just before a game.   This is not ethical, in a large extent it could be illegal in some cases.   Its  done in stock trading sometimes to provide spikes is liquidity for trading short positions and so on, this has led to jail terms I believe.  
   Some traders have defended their colleagues stating its commonplace part of the industry not a one of instance so is overly harsh punishment to jail(most instances left unprosecuted), these tactics, FUD or similar are just part of the game.  It will always happen but no its not acceptable practice, normally the people doing it will not use their true identity.

[ivankoh]

Well, the spread of FUD is one of those factors that intentionally adversely affect, directly or indirectly, the perception of society.  In my opinion that is also a form of unethical behavior.  Although the spread of FUD has many reasons and purposes, its impact is more or less, it is clearly a form of sociocultural unethical behavior.

[Smack That Ace]

We hear it all the time in the news and even here on this forum - Scary price drop speculations based completely on fake/exaggerated news or on something without any kind of substance.

While we can all agree that panic selling is newbie domain, there are also veterans who love spreading Fear, Uncertainty and Doubt. These are the people who know from experience that the Bitcoin price will definitely rise, but they can't resist buying discount BTC off of panic sellers.

Bear-whales and smaller traders alike spread FUD for the reason of scaring investors and pushing down the Bitcoin price.

Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?

Since the market is open for everyone, heck even can be traded across the globe 24x7, I don't consider this kind FUD-spreading as unethical. We really need to be careful on what we read and hear even in this community. We have to digest every bit of it, whether there is some truthfulness on what they say, or it's simply FUD that we can smell it from a far.

So with that, we all have the responsibility, after all it's our hard earn money so we need to be very careful here and not just to blindly trust some posts or some crypto related news online.

I also don't think it is unethical to spread FUds, because we often hear that the marketplace is the battlefield and obviously, to win we have to use tactics, and spreading Fuds is the enemy's tactic. Just because we lose because we lack knowledge and fall into the trap of the sharks that we say no conscience to us is not true. To survive on the battlefield, we need to equip ourselves with weapons to deal with the enemy, we cannot wait for the enemy to be kind to us. And so is the market, it's very fierce, so arm yourself with knowledge, and stay awake before all news, and market volatility, making money has never been simple.