FUD is the abbreviation of Fear, Uncertainty, and Doubt. FUD is being used to identify the negative news that could hurt a project. Often the negative news is not true, or the news has been exaggerated or it has been outdated.
Glossary Term used in a sentence
‘’The bitcoin ban in china is FUD, I have seen this news article already 4 times!’’
‘’The negative comments about the current price are just FUD, if you know what the project is currently building, you should have no worries about the future prospects of the project!’’
‘“He sold all his crypto investments in panic, because he took the FUD seriously.”
History of glossary term
FUD was introduced in the 1970s by Gene Amdahl, a former IBM employee who went on to found a new company, Amdahl Corp. He used the term FUD to describe “the fear, uncertainty, and doubt that IBM sales staff implant in the minds of potential customers who might be considering Amdahl Products.
Currently the term is widely being used in the entire financial media. In all markets, FUD occurs, from commodities to stocks and from bonds to cryptocurrencies.
The first time I read a lot about ‘’FUD’’ was regarding news surrounding Tesla before 2020. A lot of mainstream media was doubting Elon Musk’s capabilities to succeed with Tesla. But he as proven the media otherwise. However, FUD has been around for way longer!