Beware of the boy who cried wolf
Much like Jon Snow’s predicament, the world of cryptocurrency is filled with doubt and uncertainty. From the highs and lows in the market to propaganda and scams. Like a real marketplace, we have a bunch of problems that people face on virtual marketplaces. However, a lack of regulation and legal structures in the virtual world prevent proper customer protection. It is an innate trait for humans to tread towards safety, which is why it is time to meet Jon Snow at the wall and protect ourselves from, what the crypto world calls, FUDders or FUDsters.
To start with, let us delve into what FUD is. FUD stands for fear, uncertainty and doubt. These are common terms used to describe human emotions towards what scares them. The unknown. Similarly, in the cryptocurrency world, these ideas hold a greater impact. With new marketplaces popping up in every corner of the internet, there is an increased trust deficit due to an excess of information. A marketing tactic that smears the names of competing cryptocurrencies by spreading excessive amounts of false information. Individuals that spread this information on various social media platforms are known as FUDders/FUDsters. These tactics are prevalent on blogs, virtual discussion forums and even infiltrate the real world. The internet is a tough place to operate a market when it is fairly easy for anyone to criticise. So what might Jon Snow do when there is a lack of trust around him?
Ruling out the possibility of fraud and scams can be done in various ways. It is our job to enable our users to make the most progressive decisions possible. In order to keep them well informed, it is important for awareness to exist and in that we feel it is our responsibility to provide you with the appropriate information.
Fear
Whenever, it comes to money or protecting what a person has worked hard for, it is important to find more about it. Start by researching for credible platforms that you can build a trusting relationship with. Once you have identified those, the fear of you getting scammed for your money is lessened. Then research on the kind of currency you want to invest. See how the coin maintains itself on media platforms, check for credible reviews. Find famous people who have endorsed a coin. We must eradicate fear to defend the wall at all costs.
Uncertainty
With any investment and like any marketplace, uncertainty is a key issue. When it comes to money, it is rather easy to make people doubt their decisions. After all, great wars have been fought over monetary gain. When it comes to uncertainty, we try to identify trends within markets. Trends that merchants learned to identify hundreds of years ago to our modern day stock broker. However, some might have you believe that understanding market trends require a great deal of knowledge. What it requires more than knowledge, is patience and the desire to learn. Once the fear is taken out, we learn to be certain of our decisions. Which brings us to the last goal of the enemies beyond the wall.
Doubt
For doubt, we recommend looking into DIREWOLF. Our cryptocurrency takes inspiration from the values of house Stark and their struggle to find the truth. Doubt can only be taken away when trust is built which is why Direwolf takes pride in its transparency. Using MetaMask, which is one of the safest and best decentralized wallets in the world, we have a verified contract on Etherscan making us a trustworthy option in the cryptomarket. We have been audited by Solidity Finance and our liquidity is locked with UNICRYPT. The aforementioned credentials enable us to prevent our users from being scammed.
We will not tell you to listen to the boy who cried wolf, in fact we encourage you to double check our credentials, access our website and see what Direwolf offers. When the entirety of the virtual market place is available at the press of a button, we encourage you to research as much as possible. Understanding the fundamentals of cryptocurrency is important. It is imperative to have as much information as you can while making financial decisions that may impact you in the long run. Go through social media, look at forums and enable yourself to make the best decision. So the next time someone tells you that a wolf is coming, you already know because you are one yourself!
