Crypto market has been a ripe ground for scammers to manipulate at will.
Crypto News space is particularly susceptible to news that promotes FUD (Fear Uncertainty Doubt) or FOMO (Fear Of Missing Out). Both extremes when it comes to investing.
The tag game between FUD and FOMO has costed us dearly. We care less for news that really matters due to FUD and we overblow optimism riding on FOMO.
We need to start demanding quality in news and every claim has to be verified - the way it is supposed to be.
One easy solution is to wait it out. When some news breaks out - patiently wait until it is either proven true or inaccurate. This strategy works for people who are in this space for long term.
Traders will continue to use FOMO and FUD to their advantage.
You have to know who you are and tune your news consumption accordingly.
