CageMabok
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January 31, 2023, 10:13:53 AM |
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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.
FUD is news that is not true, meaning that the news is deliberately made to destroy something that already has a use or value. So it is clear that there is no ethics at all, so it is highly recommended not to believe in any FUD because there are no facts disclosed in the contents of the news. Some people are still very much affected by FUD so they still need to be told that to everyone that there is no need to panic when reading a news story that is not true because it was created intentionally for the purpose of destroying something.
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AverageGlabella
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January 31, 2023, 12:33:13 PM |
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If I tell you that bitcoin will be worthless because all governments are going to ban it tomorrow and I link to a shitty website as the source I could persuade people to panic sell and then lose out on money. This does not benefit me except for pushing the price down if there is a enough people panic selling but by spreading FUD I have caused many people who panic to sell their btc at a loss. How is that not unethical?
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DOH!
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January 31, 2023, 02:45:21 PM |
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Yes. This is clear. Acts of taking advantage, fictitious facts to damage the honor of individuals/businesses/organizations... in terms of material and spiritual values. That needs to be condemned, ANY ACTION that knowingly fabricates false facts, there is no excuse for such behavior - I think, it is purely unethical behavior.
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Mpamaegbu
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January 31, 2023, 05:49:07 PM |
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I consider a deliberate and malicious spread of lies an obnoxious and unethical practice. We can't classify such practice as FUD – Fear, Uncertainty, Doubt because it's certainly not. We know how anything negative raises eyebrows while that which is positive causes excitement. When investors FOMO too (even unnecessarily) noob investors jump on it and buy in fear. Both FUD and FOMO aren't ethical when done with lies. It's either noobs are selling in fear or buying in fear. They never hold their own opinion by themselves. Well, it's a matter of time before they learn too.
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bittraffic
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January 31, 2023, 06:03:47 PM |
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Yes, it's unethical. The benefit of doing it I guess is worth it that's why there are article sites doing it. There are no rules that will prevent people from doing it either I guess they are not violating laws too.
But there are seasons when FUD also disappears also. It's kind of a pattern that you might wanna look at. Either Bulls or Bears, they both spread fud.
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lixer
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January 31, 2023, 07:15:00 PM |
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Yes, it's unethical. The benefit of doing it I guess is worth it that's why there are article sites doing it. There are no rules that will prevent people from doing it either I guess they are not violating laws too.
But there are seasons when FUD also disappears also. It's kind of a pattern that you might wanna look at. Either Bulls or Bears, they both spread fud.
Obviously it is, due to its meaning. The one who does this are spreading fear, uncertainty and doubt to the public which will then scares them or make them worry and can result for them to sell their coins to those who spread it. It's not the article sites are the ones who does this but maybe some of them are only being paid to post a FUD news. Sometimes it's hard to resist the temptation especially if you are being paid with huge amounts of sum. I think the times where FUD appears the most is when the market is in bearish mode because people are already weak or fragile during these times so they are very vulnerable to FUD attacks.
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Hamphser
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January 31, 2023, 09:34:57 PM |
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Yes, it's unethical. The benefit of doing it I guess is worth it that's why there are article sites doing it. There are no rules that will prevent people from doing it either I guess they are not violating laws too.
But there are seasons when FUD also disappears also. It's kind of a pattern that you might wanna look at. Either Bulls or Bears, they both spread fud.
When you are dealing up with markets not only limited on crypto but also in forex and stocks then news like this on which fuds and manipulative things are really that very common and there's something we cant do anything about it but neither would be making yourself that impulsive or would really be just ignoring it because we are already getting used to it.People cant really just avoid not to make out some reaction basing into those news specially if it was negative or too much bear. Unethical on general sense specially for those new media outlets publishing out these news but we do know that they could do whatever they want for their own benefit or on what they do have in mind and there's nothing we can do for them to stop it on what they've been doing.
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Fundamentals Of
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February 01, 2023, 01:32:22 AM |
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If it is fake news they are spreading, then it is definitely unethical. Fake news are lies. Spreading lies is always unethical whatever the goal may be. It is even worse if the motive behind the fake news is greed.
But if it is simply exaggerating the news or blowing them out of proportion, I don't think it is unethical. We can make it appear as if a celebrity's mention of Bitcoin is a big deal even if it is not. But it's not really a big problem I think.
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takuma sato
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February 01, 2023, 02:55:55 AM |
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When I post some bearish theory I don't expect to move the market in any way and anyone that isn't crazy should think the same, we cannot move market with some bitcointalk post or twitter post. Perhaps if you are Elon Musk you can pump and dump some smaller marketcap altcoins, but even Elon Musk isn't big enough to sustain a market pump in Bitcoin any shape or form.
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Silberman
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February 01, 2023, 03:50:34 AM |
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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?
It is unethical and there is no way around it, as trying to manipulate the market by spreading misinformation about it is simply not correct and maybe even criminal, however at the same time those actions have become so widespread with the advent of social media there is not much your average investor can do except to keep themselves updated about any events on the market and see through those attempts of manipulation, not an easy task of course but if you are convinced about the nature of the assets in which you invested then it is unlikely you will be manipulated by those lies.
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dansus021
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February 01, 2023, 04:17:49 AM |
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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.
I do agree
Although whether like it or not fud or fake news will be there till the end of the day, cause Haters is gonna hate and it always like that right
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el kaka22
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February 01, 2023, 07:02:23 PM |
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Depends on the idea behind it. I mean if you really think that it will drop, then it is not FUD but saying the facts you think will happen. Of course nobody really knows what is going to happen, but that is the thing we are doing right now and I think it will definitely work in the end. What I want to see however is the fact that we are not going to end up with that much drops, but we will do fine, which means all these FUDs do not matter to me and just plain wrong.
If I can think like that, then why not others? That means it can't be unethical because if you see FUD and you believe them, that is on you and not the person who does the FUD, your responsibility is to think for yourself.
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Fatunad
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February 01, 2023, 07:49:57 PM |
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Do you consider this FUD-spreading unethical or do "shaky hands" get what they deserve?
Its not an unethical on general sense but rather a casual thing that whales and big players must do to shake off those weak hands around.They might be doing it on unobvious manner(which is the case) where the public cant be able to point out whether it was really that intended or just a normal situation that happens in the market. Unethical or not then they dont really care.What matter the most is that they would really be minding off on what are the things that they must do to drop out the market and make out advantages using up their capability when buying huge and making significant impact and movement throughout the market which it isnt something new.
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goaldigger
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February 01, 2023, 09:08:30 PM |
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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.
I do agree
Although whether like it or not fud or fake news will be there till the end of the day, cause Haters is gonna hate and it always like that right FUD is not just came from the haters, it can also came from manipulator and that’s why the market will always be volatile because many wants to create panic so they can buy any coin again at a cheaper price. If you see an opportunity like this, better to grab it instead of panicking. Spreading FUD is unethical and its already part of the market, if you have a weak hands and don’t know what to do, expect to lose the money in an instant.
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ScamViruS
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February 01, 2023, 09:49:33 PM |
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The market is free, and people spread FUD so they can take maximum advantage of the market. Manipulating the market intentionally by spreading FUD is definitely unethical.
Therefore, to trade in the market, traders must pay special attention to which news to believe and which news is FUD. And when a trader trades in the market, he has to keep in mind that various traps will be created to get him out of the market, so he has to systematically avoid all of them and stay in the market.
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Yatsan
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February 01, 2023, 10:08:24 PM |
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Part of the 'game' I guess. Some are intentionally doing it because they want to create a wave, wherein profit could be earned by riding on it. FUDs are always expected to assets or anything that is dependent to market or majority of people's demand. Well there are indeed people who became victim of FUDs but if we would look on a deeper perspective, we as investors should be aware of what we are doing in the first place right? So maybe that is their negligence. It is money we are talking about and that is an enough reason to be "extra" on many things. FUDs are either on a positive or negative aspect. It could be fear that the price might increase already so you have to buy in an instant and such. Bottomline is to study your next move to not be caught by such beliefs.
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dansus021
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February 02, 2023, 12:17:33 AM |
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FUD is not just came from the haters, it can also came from manipulator and that’s why the market will always be volatile because many wants to create panic so they can buy any coin again at a cheaper price. If you see an opportunity like this, better to grab it instead of panicking. Spreading FUD is unethical and its already part of the market, if you have a weak hands and don’t know what to do, expect to lose the money in an instant.
Oh yes this also true that they not came only from haters but still they still contribute and not gonna stop. Part of the 'game' I guess. Some are intentionally doing it because they want to create a wave, wherein profit could be earned by riding on it. FUDs are always expected to assets or anything that is dependent to market or majority of people's demand. Well there are indeed people who became victim of FUDs but if we would look on a deeper perspective, we as investors should be aware of what we are doing in the first place right? So maybe that is their negligence. It is money we are talking about and that is an enough reason to be "extra" on many things. FUDs are either on a positive or negative aspect. It could be fear that the price might increase already so you have to buy in an instant and such. Bottomline is to study your next move to not be caught by such beliefs.
I watched youtube recently and there is something that ended up in my brain, sometimes whales, hedge funds, or other institutional traders need more liquidity which is why maybe they creating this. if you guy traders should check this out too https://www.youtube.com/watch?v=f19bfHpCths
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stompix
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February 02, 2023, 12:32:09 AM |
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While we can all agree that panic selling is newbie domain, there are also veterans who love spreading Fear, Uncertainty and Doubt.
Let me be the one with a different opinion here. There are way too many veterans who scream FUD even when a fact is as blue as the sky, it is certain beyond any doubt and they still scream it's not true just because they don't like it and it will hurt the price. There were hundreds who screamed MtGox collapsing was FUD, there were thousands screaming China ban is FUD, LUNA was FUD, FTX going down is FUD! FUD has become the perfect reply, you don't like it scream FUD! It has become the perfect excuse also, just recently I've read in one topic of an exchange closing and this was their take on it: So, everything was just a lie? No, it was business as usual for everyone, everything announced in the newsletters (roadmap, v3 development, etc.) did happen, and it was never the plan to act like this – on the contrary – everyone in the team worked their ass off, no matter all the FUD coming from the community, in the hope that the crypto market would recover and we would be able to release updates and v3 in time to get back on track.
Blame everything on FUD, the great crusade against FUD, FUD the enemy of mankind! And I'm going to be perfectly honest with this, whenever I see bad news and the first two or three comments are saying this is FUD, if I go deeper and check their history and I see more FUD being mentioned left and right I take a memo of not ever trusting those people judgment, as it's clear they are not doing any of it.
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crwth
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February 02, 2023, 12:55:29 AM |
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I think it's bad to think about people you are going to say that “you deserve it” and they cannot control it completely. It is definitely something that is not good, but if you know how to ride it and take advantage of that, you can profit from it. Like with the spread of FUD, you can go with the flow and buy at a discount.
Manipulation is unethical. I think everybody can agree on that.
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AverageGlabella
Legendary
Offline
Activity: 1232
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February 02, 2023, 01:03:09 AM |
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I think it's bad to think about people you are going to say that “you deserve it” and they cannot control it completely. It is definitely something that is not good, but if you know how to ride it and take advantage of that, you can profit from it. Like with the spread of FUD, you can go with the flow and buy at a discount.
Manipulation is unethical. I think everybody can agree on that.
Market manipulation usually requires a lot of influence or money. If you are using your position of power to manipulate the market that is unethical imo. If you are using a news source to manipulate people into thinking something is true when it is not then that is FUD and unethical.
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