Post
Topic
Board Altcoin Discussion
Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability"
by
Mpamaegbu
on 19/03/2018, 14:08:59 UTC
Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD.
More like FOMO, not FUD if a certain news makes price rise. But the news is genuine and coins are responding positively to it already since morning today. There is a thread here that outlined the perceptions of the attending countries for the ongoing G20 summit here: https://bitcointalk.org/index.php?topic=3158454.msg32665435#msg32665435

Edited for clarification purpose
FOMO means Fear Of Missing Out. As the term suggests, a coin rises sharply in value and investors take steps rushing in to buy so as not to miss the boat.

FUD means Fear, Uncertainty and Doubt. This is usually a negative fear of holding onto a losing coin. So, investors quickly sell off either in gain or loss.