What is Fiat?

Fiat = Traditional, government issued money. Examples include the US Dollar, British Pound, and Indian Rupee. Fiat money has no intrinsic value of it’s own; rather it’s ‘value’ is derived from the public’s perception of the issuing government’s political and economic stability.

Converting fiat currency to cryptocurrency (or crypto to fiat) can be challenging. Laws vary significantly between legal jurisdictions and often change as the crypto-economy develops. One option is to use the services of an Exchange such as Coinbase.

What is FUD?

FUD = Fear, Uncertainty, Doubt

FUD is a tactic often used by those who want to drive down the price of a cryproasset. ┬áTypically various social media sites will be used to disseminate emotionally charged negative information regarding a particular cryptocurrency, token or asset. ┬áThe “information” is often presented out of context, incomplete or outright false.

For Crypto investors and traders FUD is an emotional danger that often leads to poor decision making.

The terminology in the crypto world is often cryptic (pun intended) and difficult to understand at first. ┬áBecause of this I initially found the cryptocurrency world confusing and disorienting– but a few quick Google searches usually unlocked the cryptic terminology.