Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on January 04, 2025, 05:54:08 AM
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
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This phrase “not financial advice” serves to prevent any error and subsequent blame that users may want to place on content creators for example
It can also be understood as: I'm teaching you, giving you the information, but the final decision is entirely yours
To be honest I undertand this, because the final decision to invest or buy something is total responsability of the person, do not follow any advice blindly
Many people follow tips without thinking :P
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
We all must give this disclaimer to anyone we give financial advice the reason you already knew. If our prediction fails then those person or any person followed it they will speak bad about yourself even if they know the decision was theirs but they will still find someone to blame.
There are crypto experts on social media who share good opportunity which had made people decent money but they still gave disclaimer with those opportunities and they gave disclaimer with those opportunities too which made people huge losses. This is important to safe ourselves from even legal lawsuits.
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Let's see, this is an online forum where random people from all over the world are here to share their experience, views and insights about something that we discuss so by saying 'not a financial advice' they are hinting that no one should consider their words to take risk with your own money, it is necessary to do your own research before jumping on.
There are experts who call themselves financial advisors and some of them really have long experience in the investment field, some have expertise in real estate and stocks but no one knows everything so even if you approach the professional make sure they have expertise in the crypto field.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
I ususaly give this note and I find it the most important task while giving any type of financial suggestion because I am no expert and I don't know for sure too that if my prediction will come true or not so that's why to save myself from any problem which till now I not saw because I don't think anyone follow my advice but I still give this note.
I learned this from crypto influencers because they always write DYOR or NFA etc. at the bottom of their videos or posts because they are publically asking people to do this and that and think if any of my suggested tokens scam people, these people will blame me.
Maybe I can stuck in something big problem so it does not harm to right three magical characters (NFA), the readers should take the disclaimer as surety that they can't open any case against the person giving suggestions but they should not underestimate the suggestion too, I am not talking about myself but anyone they follow.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
That will always be a sweetener that we will always hear when someone shares some things about their thoughts on a coin that they will invest in. I think that is a very natural thing, because they also must know the risks and they don't want to be blamed if what they convey does not match the analysis.
That should be something that makes us more motivated to analyze further if we are interested in investing, all decisions are in our hands.
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I understand that this is just a disclaimer so that whoever is sharing the financial advice would not be liable in case something bad may happen afterwards in using the said advice as nobody can really be sure of what can be. However, I fully grasp your point as this disclaimer is not an encouraging one and honestly it entails some doubt on the usefulness of the said advice. But I think this is now the way it is going forward...we can share ideas, opinions and even predictions but we should not be responsible of any LOSS that may arise later.
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We hear this "not financial advice" even when the channel is all about finance and investment. It could just be said so that they are not gonna be blamed when a person loses their money because they said something about investments.
The owner of the channel will not be tied to his words when they say "not financial advice". So yea who really has the right to say his words are indeed a financial advice?
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I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
Yes, a lot think that their market advise will fail and for them not to look so cheap in the eyes of others, they end it with the phrase, not a financial advice. It is a way to be on a safer side even though they know that the possibilities of it happening as they predicted is more than 70%. The whole crypto space is unpredictable and the ranging of the market can be so dangerous to give an exact outcome of the market.
In situations like this, it is better to also go more on your research of the market before concluding to really go with the advise of the person or not. No one is 100% correct of the market but their predictions can come close to what the market will give them following such financial advise. So no advisor can be trusted fully with their predictions, you’ll just use their advise to analyse the market more by yourself to get an accurate prediction of the market.
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it's implying that reader is following advise (if they decide to) at their own discretion and writer will not be responsible for it.
...and want to asked if we can really get a genuine financial advice on certain social networks or on the forums.
Yes, why not?
I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
Deffo not fear, I mean who fears saying things behind curtain of anonymity as on Internet?
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The phrase "not financial advice" is to get rid of responsibility, because the responsibility for researching and making the investment decision should be on the investor himself, not on anyone else.
In my opinion, no one can give you real financial advice, because every investor or trader has his own situation that differs from one person to another, and therefore what is suitable for me may not be suitable for you and vice versa, so the responsibility for making these serious investment decisions should be borne by the investor himself.
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At the moment when an experienced person gives any financial advice, a kind of responsibility is created on him indirectly. That is why no one is interested in taking that kind of responsibility. The crypto market is uncertain. There are many examples of losing money in investments even after doing good and constructive research. However, this statement has another purpose. I think that “It is not financial advice” is meant to indicate that he must do his own research. If any wrong decision is made, then he cannot blame others.
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This phrase “not financial advice” serves to prevent any error and subsequent blame that users may want to place on content creators for example
It can also be understood as: I'm teaching you, giving you the information, but the final decision is entirely yours
To be honest I undertand this, because the final decision to invest or buy something is total responsability of the person, do not follow any advice blindly
Many people follow tips without thinking :P
I agree with you mate as I can see this kinda disclaimer all the time especially when watching financial related vidoes on YouTube from influencers. Those successful influencers some of them really are not that successful in what theyare triying to teach us but they are successful because of their mindset, determination, consistency, patience and resourcefulness. That is why if I had to try some strategy from them I will make sure that it was all backtested through trial and errors so I am not gonna blame anyone if things don't work because yeah sometimes what they share only works for them and not for others that is why we need to improvise to make it effective and profitable.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''.
Because it's not!
All these advisors are just promoting some stuff in reality, so in order to escape responsibility they add that phrase and they cover their asses in case of a lawsuit by saying it was just their own research and personal opinion.
Nobody who is great at either trading or investment will give you advice for free when it will work against their own strategy having multiple persons doing the same, a real adviser would change you hundred fo dollars for this, the ones letting you know 'tricks' and "opportunities" are just leading you to pump and dump schemes or mlm schemes.
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I agree with you mate as I can see this kinda disclaimer all the time especially when watching financial related vidoes on YouTube from influencers. Those successful influencers some of them really are not that successful in what theyare triying to teach us but they are successful because of their mindset, determination, consistency, patience and resourcefulness. That is why if I had to try some strategy from them I will make sure that it was all backtested through trial and errors so I am not gonna blame anyone if things don't work because yeah sometimes what they share only works for them and not for others that is why we need to improvise to make it effective and profitable.
Exactly!
That's why just copying the actions of other users doesn't guarantee a return
There are many variables, and even if an influencer is honest, their strategy may not be good for you
The urge to just copy some trades or operations is very tempting when we see someone successful, but from my own experience I've found that it's important to think for ourselves and the final decision should always be in line with our strategy
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I am sure, your thread has put most of the users of our forum in an awkward situation. Because most of the time when we give advice or any suggestion, it is mostly financial related and then at the end we write a short note that 'this is not financial advice'. In my opinion, this is just hypocrisy. But the only reason for giving this note is so that no one can blame us.
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Giving out 'information' or 'ideas' has been abused over the years. In crypto alone, you can see anonymous/private twitter accounts sharing their knowledge on trading while shilling out their bags calling it coin/token with potential. It was so rampant before that many noobs lost money and started complaining.
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A mentor or someone who has a sound financial background could be employed for given us as long as they will be willing to do so, we should not take advise randomly all because we have those to give us some of these information around, whereas we may have them not being poor, because one of the criteria we should looked in for is their financial stability and performance in the word.
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Because of the risk involved in buying or trading crypto, you don't want people to turn around and blame you if things do not go their way, if you tell people to invest in X and go ahead to tell them categorically that it is an investment advice, they will blame you if X fails.
Don't take investment advice from just anyone, many of them are just paid to promote X coin or project, do your own research yourself.
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Even sometimes some parties who are already quite pro in crypto, they also say "this is not financial advice". Not because they are afraid of getting blame, but rather inviting people to be more aware of the importance of research and also personal analysis carefully, and making decisions based on personal considerations. so that whatever the result is later, it is the result of one's own hard work, not regret for following people.
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Someone who can give financial advice and it can be accepted, is someone who has tested financial failures and fears several times before they make it to the position they are in.
These set of people have learned a lot from the market and they have gained a lot of expertise, which makes them stay strong in the market, not to easily give up. They were studying the market in their challenging time and fears, and they grew to be experts in financial advisors
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some people tend to put a disclaimer when discussing about certain topics to me why people need to clear that what they’re saying is not to be taken as an advice is because you really shouldn’t depend too much on someone anyway regardless of the person’s credibility and background
sure maybe you’d put more value to an advice from someone with a good background and has shown good economic decisions but whatever he did may not work for you or you may not be able to handle it as well as he did so it’s hard to find success from someone else’s
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Even sometimes some parties who are already quite pro in crypto, they also say "this is not financial advice". Not because they are afraid of getting blame, but rather inviting people to be more aware of the importance of research and also personal analysis carefully, and making decisions based on personal considerations. so that whatever the result is later, it is the result of one's own hard work, not regret for following people.
We all can interpret it any other way. It could just be the habit of saying it because every other guy says it every advice they give.
I'm not sure if somebody was sued because of the financial advice they gave but I would assume there is. They wouldn't protect themselves if there is no consequences.
With the "not financial advice" line it's always going to get them just off the hook easily.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
Giving the advise is not the problem, but the willingness of the person to take his/her decision to either enter/make investment or not. Telling a person how something works and how profitable it can be is an advice, but the assurance that he or she will make profits is what makes it not financially advisable.
The phrase This is not Financial Advice is being said or used to keep you whom is the advisor safe from any losses the person whom you're advising may experience.
I could remember some years back, when I told of friend about investing into cryptocurrency, not up to a week, the market stated facing a bear market, and the person meet me, and said if he had put his money into it, his money would have been lost. Then as a new crypto user, I had nothing to say, cause I have no much idea of how the crypto market works.
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I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums.
There are some YouTubers that are giving financial advice because they really are financial advisors. Most of the crypto Youtubers though aren't financial advisors and they're only giving their opinion and just adding the phrase "not a financial advice..." so that they will be safe just in case things go south. I really hate these people TBH.
Re: Who can really give a Financial advice?
Those legit financial advisors are for me the supposed people only that can give a "genuine" financial advice. Unfortunately, in the world of crypto, everybody is an advisor, and they can give advice even though they aren't an expert at all. This makes it hard for those newbies out there to learn easier because they don't know which influencers they are watching, and which aren't.
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I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums.
There are some YouTubers that are giving financial advice because they really are financial advisors. Most of the crypto Youtubers though aren't financial advisors and they're only giving their opinion and just adding the phrase "not a financial advice..." so that they will be safe just in case things go south. I really hate these people TBH.
Re: Who can really give a Financial advice?
Those legit financial advisors are for me the supposed people only that can give a "genuine" financial advice. Unfortunately, in the world of crypto, everybody is an advisor, and they can give advice even though they aren't an expert at all. This makes it hard for those newbies out there to learn easier because they don't know which influencers they are watching, and which aren't.
because every bull run all those who makes money is considered a genius trader which gives them the right to give advice. but in the bear market they need a blame blanket to protect the reputation.
why is there the need or anyone to tell advice any way. there is no reward for giving advice unless they re hired by someone. i they are to show how good they are in trading, i think they should show how many times they have won a BTC prediction contest.
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I am sure, your thread has put most of the users of our forum in an awkward situation. Because most of the time when we give advice or any suggestion, it is mostly financial related and then at the end we write a short note that 'this is not financial advice'.
The awkward situation is from a completely different point of view.
If you give financial advice, then you must be pretty successful, so how could someone who still talks in hundreds of $ and not thousands at list if not millions pretend he is a good trader and a top notch financial advisor?
It's just like with gambling, If I were to say I'm top class at it, why haven't I earned millions to date? ;D
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Those legit financial advisors are for me the supposed people only that can give a "genuine" financial advice. Unfortunately, in the world of crypto, everybody is an advisor, and they can give advice even though they aren't an expert at all. This makes it hard for those newbies out there to learn easier because they don't know which influencers they are watching, and which aren't.
Because there are indeed many people in this world who enter the crypto world. There are people who think that they are very capable in crypto because they can reap huge profits from crypto trading, and then give advice to people based on their experience. There are those who don't want to know, and there are also those who only share as much as they can.
Well, the problem is for those who have their own pride when sharing information and other people end up using their advice, then it will bring pride to them, even though it is actually very risky because after all, the burden and demands of responsibility when we give advice to others, it is very thick and attached to us.
we just go back to ourselves, when we give information to others and we don't want to get too involved with how other people decide, then it's better to keep writing that sentence, to show that whatever is taken by others, it's their own decision, not us pushing it. so they themselves take the risks and are ready for whatever the results are.
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I am sure, your thread has put most of the users of our forum in an awkward situation. Because most of the time when we give advice or any suggestion, it is mostly financial related and then at the end we write a short note that 'this is not financial advice'.
The awkward situation is from a completely different point of view.
If you give financial advice, then you must be pretty successful, so how could someone who still talks in hundreds of $ and not thousands at list if not millions pretend he is a good trader and a top notch financial advisor?
It's just like with gambling, If I were to say I'm top class at it, why haven't I earned millions to date? ;D
Because you want to get more, using the info as a resource of sorts ;)
I agree, usually it's done just to mess with people around and get more funds from them.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
You don't want to get the blame if the taker of your advice loses because your advice since the market is very volatile with a lot of uncertainty, so we give that warning so that the reader should also do their own research and not rely on your advice but just do a comparison.
Even the experts give you that kind of disclaimer because they are not perfect; they may be consistent in their predictions, but they also make mistakes, so their own version of disclaimers.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
You don't want to get the blame if the taker of your advice loses because your advice since the market is very volatile with a lot of uncertainty, so we give that warning so that the reader should also do their own research and not rely on your advice but just do a comparison.
Even the experts give you that kind of disclaimer because they are not perfect; they may be consistent in their predictions, but they also make mistakes, so their own version of disclaimers.
Actually, if anyone wants to give some financial advice, I believe that it's doesn't be perfect for you. So I believe that if we follow any financial sector, and try to understand clearly, I think that it will be best decision for us. Because I think that we should trying to select proper sites for cryptocurrency world. We also know that cryptocurrency world is also one of the best profitable or financial section. Because we know that if we could understand in cryptocurrency trading system and if we hold in perfect crypto, then it will be very helpful for us. So we should be very careful in crypto currency market.
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The best advisor of all is: Books, when we read trading books, traders, market speculators, such as the stock market, they have lived through Situations Similar to what we know today in the market, they sometimes wonder what happened to them, what they did and how they were able to win, that is widely applicable to the crypto market , however when we Emphasize the current situation of our world, there are many strange events, and that have never been seen before , then all these Fundamentals help unexpected things to happen in the Market.
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What happened is that the market is extremely volatile and people may tend to go above their expectation I mean above the level of their income to make investment or trading but when they follow they instruction and didn't result to how they are being told you would see that they will react negatively or act upon the person who gave that advice to them. But the reason why people abstain themselves from such advice is they are directly telling the person to use the amount they can afford to to risk or waste because the market is extremely volatile, I think that is a warning and already have given the advice you should follow on but it means that you should apply wisdom and common sense into what you want to venture beit trading or investment so that you wouldn't hold them responsible for your lose since the market is extremely volatile.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
- You know mate I get what you mean, I see a lot of youtubers or content creators who make content that when you watch the former they give their tips or advice then at the beginning of the video they put a disclaimer but the content they give financial advice.
Isn't there hypocrisy and deception they are showing, I'm not blaming them all but there are some who are like that, they feel in the eyes of their viewers that they are great financial advisors.
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"Not a financial advice" is a phrase often used online to protect individuals from legal or financial liability. It’s common in discussions about trading or investing because people don’t want to be held responsible if their advice leads to losses. While this hesitation is understandable, it does create a challenge for those seeking genuine insights.
As Crypto Accountants, we believe in bridging this gap. Our team provides reliable, professional financial advice tailored to your crypto journey. Whether it’s selecting the right coins, understanding market trends, or managing taxes, we are here to help. Experienced guidance shouldn’t be limited by fear, trustworthy advice builds confidence and smarter decisions in the crypto space.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
Some people don't understand how tbe financial markets work especially when you are interacting with the newbies. Imagine you claim to be a financial expert who gives guide and teachings of the market and how to maximize profits and you do that with assurance, it will make people believe in everything you said and if it doesn't go as expected, you will be the one to be blame.
For that reason, people don't want to be responsible for your loss so you don't come back later and says you were convince and assured that you were going to make profits but in the end, you made loss, you can even get sue for that and I'm very sure there is a law that rule in favor of such statement, it's better not been a financial advisor even if you are too certain about it.
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"Not a financial advice" is a phrase often used online to protect individuals from legal or financial liability. It’s common in discussions about trading or investing because people don’t want to be held responsible if their advice leads to losses. While this hesitation is understandable, it does create a challenge for those seeking genuine insights.
As Crypto Accountants, we believe in bridging this gap. Our team provides reliable, professional financial advice tailored to your crypto journey. Whether it’s selecting the right coins, understanding market trends, or managing taxes, we are here to help. Experienced guidance shouldn’t be limited by fear, trustworthy advice builds confidence and smarter decisions in the crypto space.
Now that you mention about legal and financial liability, are you one that is willing to? It's strange that you cannot even use your firm name or your real name when posting about helping people invest in the right coins. Does that mean you're also afraid of getting sued when you get it wrong?
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The awkward situation is from a completely different point of view.
If you give financial advice, then you must be pretty successful, so how could someone who still talks in hundreds of $ and not thousands at list if not millions pretend he is a good trader and a top notch financial advisor?
It's just like with gambling, If I were to say I'm top class at it, why haven't I earned millions to date? ;D
Actually, I think that if you have to take financial advice seriously, then don't just open a topic on such forums or other social media. Go to a financial advisor and choose him and then look at the folio and pay him for his advise.
Otherwise, I don't think that someone who earns millions by trading they has so much time to give financial advice . And those of us who are giving various suggestions or saying that we are making a lot of profit, in fact, none of us know whether they have really earned it.
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While this hesitation is understandable, it does create a challenge for those seeking genuine insights.
Those seeking genuine insights should know that nobody is going to tell them what to do, they simply have to listen to what people say, do their own research and come to a conclusion from all of that. If they are waiting for someone to tell them 'invest in X, i am sure you will become rich', they'll never find that, except the person wants to scam them.
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The awkward situation is from a completely different point of view.
If you give financial advice, then you must be pretty successful, so how could someone who still talks in hundreds of $ and not thousands at list if not millions pretend he is a good trader and a top notch financial advisor?
It's just like with gambling, If I were to say I'm top class at it, why haven't I earned millions to date? ;D
Actually, I think that if you have to take financial advice seriously, then don't just open a topic on such forums or other social media. Go to a financial advisor and choose him and then look at the folio and pay him for his advise.
Otherwise, I don't think that someone who earns millions by trading they has so much time to give financial advice . And those of us who are giving various suggestions or saying that we are making a lot of profit, in fact, none of us know whether they have really earned it.
In general, financial advice needs care, especially if we want to guarantee that the actions we are taken will bring definite positive outcomes. It is perfectly reasonable to search for some kind of source of information which would be historically proven and more importantly credible. While delivering lectures, notes, or anything that can be taught, we cannot just rely on statements that sound fancy without we making sure that they are true. Benchmarking on the other hand can be defined as investing in experts who do have knowledge in their various fields as a more efficient way of gaining the right direction. This will help us to make decisions with relatively louder evidence. In that way, all activities embarked in an attempt to manage our finances yield realisable gains in the future.
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With help of this forum we can ask our doubts and get many reliable and genuine reply from our community which help us to clear our doubts and I think it's beauty of our altcoins talk.
For me I'm always share real life story which is happened with me or my friends for experience to our community so they cannot repeat that mistakes which is made by me or my friends.
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OP, I will say it is normal to put a disclaimer when talking about finance with someone who is likely a novice and could make a terrible mistake in the crypto industry to avoid blame because everybody wants to protect themselves first so that if anything happens in the future as a result or outcome of such conversation financial conversation, you will not hold them responsible as you are liable for your actions and as such, they let you know initially so you do not blame them for any decision you have made after listening to them talk. This is just like the tobacco company selling their cigarette which we all know is business and it is hazardous to the health but they still sell it because people would buy it and you will be surprised that they still write on the pack of the cigarette that " smokers are liable to die young" which decision is left to you to decide if to continue smoking or to stop so that you do not hold them responsible of whatever outcome as a result of you smoking their product.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.
Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.
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With help of this forum we can ask our doubts and get many reliable and genuine reply from our community which help us to clear our doubts and I think it's beauty of our altcoins talk.
For me I'm always share real life story which is happened with me or my friends for experience to our community so they cannot repeat that mistakes which is made by me or my friends.
Even if you share to people how you lost huge amount of money, it doesn't still stop them from doing what's wrong in crypto. Your own mistake was buying the wrong coin that made you to lose money but it's possible their own mistake will be refusing to sell on time because of greed. There are plenty of ways one can run into loss in crypto investment, that's why you need to thread carefully when telling people to do this and that with coins.
Just tell them the risk involved in crypto, don't sugarcoat anything for them and don't make it looks like there is huge money in crypto, if they are interested after that then you can go ahead and give them good suggestions of coins and you should also make sure you don't buy meme for them, it doesn't end well with meme coins.
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In general, financial advice needs care, especially if we want to guarantee that the actions we are taken will bring definite positive outcomes. It is perfectly reasonable to search for some kind of source of information which would be historically proven and more importantly credible. While delivering lectures, notes, or anything that can be taught, we cannot just rely on statements that sound fancy without we making sure that they are true. Benchmarking on the other hand can be defined as investing in experts who do have knowledge in their various fields as a more efficient way of gaining the right direction. This will help us to make decisions with relatively louder evidence. In that way, all activities embarked in an attempt to manage our finances yield realisable gains in the future.
In general, I have seen many such topics where users directly seek financial advice from such public forums or communities and where there are more than 100 people they are giving suggestions like 50 different suggestions. Now my question is whose suggestion will that person follow. And most of the 50 suggestions that have been given will be those who are posting only to increase activity. So I think that no serious financial advice should be taken from strangers except from professional financial advisors.
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The best advisor of all is: Books, when we read trading books, traders, market speculators, such as the stock market, they have lived through Situations Similar to what we know today in the market, they sometimes wonder what happened to them, what they did and how they were able to win, that is widely applicable to the crypto market , however when we Emphasize the current situation of our world, there are many strange events, and that have never been seen before , then all these Fundamentals help unexpected things to happen in the Market.
I agree, if books are good advisors, where we can learn and continue to learn if we make mistakes, and it should be noted that 1 financial book, trading or the like has gone through research on a particular object to have a conclusion, and if we want to trade I think if we experience a loss or win it is a process of what we have learned from advisors (books)
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The best advisor of all is: Books, when we read trading books, traders, market speculators, such as the stock market, they have lived through Situations Similar to what we know today in the market, they sometimes wonder what happened to them, what they did and how they were able to win, that is widely applicable to the crypto market , however when we Emphasize the current situation of our world, there are many strange events, and that have never been seen before , then all these Fundamentals help unexpected things to happen in the Market.
I agree, if books are good advisors, where we can learn and continue to learn if we make mistakes, and it should be noted that 1 financial book, trading or the like has gone through research on a particular object to have a conclusion, and if we want to trade I think if we experience a loss or win it is a process of what we have learned from advisors (books)
honestly i learn trading not from books but from youtube and many articles that discuss trading.
we can become great traders by joining many tele groups and also forums because we can gain knowledge and experience by interacting there.
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The best advisor of all is: Books, when we read trading books, traders, market speculators, such as the stock market, they have lived through Situations Similar to what we know today in the market, they sometimes wonder what happened to them, what they did and how they were able to win, that is widely applicable to the crypto market , however when we Emphasize the current situation of our world, there are many strange events, and that have never been seen before , then all these Fundamentals help unexpected things to happen in the Market.
I agree, if books are good advisors, where we can learn and continue to learn if we make mistakes, and it should be noted that 1 financial book, trading or the like has gone through research on a particular object to have a conclusion, and if we want to trade I think if we experience a loss or win it is a process of what we have learned from advisors (books)
honestly i learn trading not from books but from youtube and many articles that discuss trading.
we can become great traders by joining many tele groups and also forums because we can gain knowledge and experience by interacting there.
Yes, Trading can be learned in several ways and using YouTube with articles reading as steps is very important because the materials are easily accessible and most of them practically. Besides, it allows joining a discussion group or forum where one has a possibility to discuss directly with those who have different experience. This helps us to see the market from a wider view because of the variety of inputs we get from it. Even interaction in such an environment can be beneficial for us when it comes to choosing between options that we would otherwise avoid or picking the right strategy because of other people’s experience. In this way, people can amplify the competency in trading processes and feel more confident when coming to the decision making.
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In this way, people can amplify the competency in trading processes and feel more confident when coming to the decision making.
For i it is always good to do things with trading when they are discussed in a thread, to know how people make their decisions and to know why, sometimes that is all we need to learn much more, videos, some times in academies help, but it all comes down to things having to happen, some people make trading decisions that sometimes seem a bit Illogical to us but that win, and these are things that sometimes we should try to understand. The complexity of trading is sometimes in the simplest things to operate and try to understand them.
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We can get genuine financial advice from any random person in a forum. If someone is saying that it's because they don't want to be part of the blaming if ever the follower of that advise didn't do well with their lives. And that's why for someone to tell some good financial advice, they just putting that disclaimer to avoid any blaming consequences but if you think those advises that have been told are good, give credit to whom it is due.
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We can get genuine financial advice from any random person in a forum. If someone is saying that it's because they don't want to be part of the blaming if ever the follower of that advise didn't do well with their lives. And that's why for someone to tell some good financial advice, they just putting that disclaimer to avoid any blaming consequences but if you think those advises that have been told are good, give credit to whom it is due.
Radsa, thank you to others who have given us advice, we must do it. because they have given good advice and helped us in life with their wise advice.
If other people's advice does not suit us, it is better to keep quiet, because it is a good trait to respect everyone.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
This is the only reason why, when talking about financial advice, we put a light tag at the end that says "it is not a financial advice".
Basically, no one wants to take the risk that someone will lose money with their advice and file a lawsuit against them. Because most of the time we like to talk about profit and we also like to hear it more and that's why they talk about it more and later they get more with just one word. Now my point is that everyone can give financial advice but it depends on us whether we will take advice from a fake advisor or a genuine advisor.
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Yes, Trading can be learned in several ways and using YouTube with articles reading as steps is very important because the materials are easily accessible and most of them practically. Besides, it allows joining a discussion group or forum where one has a possibility to discuss directly with those who have different experience. This helps us to see the market from a wider view because of the variety of inputs we get from it. Even interaction in such an environment can be beneficial for us when it comes to choosing between options that we would otherwise avoid or picking the right strategy because of other people’s experience. In this way, people can amplify the competency in trading processes and feel more confident when coming to the decision making.
If there is no doubt that currently many prefer to watch videos and not read books, that is the current trend, in fact there are pages where they make audio books and people find it much better, but the fact of reading books gives much more insight and that guarantees more what we call a learning with bases and with arguments that no one can knock down, in the videos we learn according to the Youtuber and what the Youtuber knows, not what the book says, they are very different learnings, that is why I always defend the idea of reading books.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
Not a financial advice is a common legal disclaimer used by investors or KOLs. They need to make this statement when sharing their views on the internet to avoid being blamed by investors. No one can predict the future of the market, everything is just a personal opinion, and even experts can make mistakes frequently.
Professional financial experts who work with extremely tight risk management methods are the ones who dare to give financial advice to their clients. They analyze everything clearly and give specific advice with suitable capital, take profit, and stop loss. They don't cause their clients to lose their accounts quickly. At the same time, clients have agreed to the terms when starting the contract, they understand that the market always has both opportunities and risks.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
Not a financial advice is a common legal disclaimer used by investors or KOLs. They need to make this statement when sharing their views on the internet to avoid being blamed by investors. No one can predict the future of the market, everything is just a personal opinion, and even experts can make mistakes frequently.
Professional financial experts who work with extremely tight risk management methods are the ones who dare to give financial advice to their clients. They analyze everything clearly and give specific advice with suitable capital, take profit, and stop loss. They don't cause their clients to lose their accounts quickly. At the same time, clients have agreed to the terms when starting the contract, they understand that the market always has both opportunities and risks.
They'd have to have a disclaimer in forums because there are more trolls in forums than on YouTube comments where they could ruin the reputation of the account who discusses about this financial advice.
These trolls are looking for ways to just find an argument until it put the uploader to a disadvantage. Sometimes they gonna make them sleepless. So adding "NOT A FINANCIAL ADVICE" will already make these trolls stop.
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No one will give you the finalsial one because someone knows the future. Especially in crypto no one will give you any kind of financial advice because crypto is highly volatile and here everyone can only analyze by looking at graphs and no one can guarantee anything. But you can get idea from their opinion. Financial advice is when someone guarantees you a profit. Like bank interest. Teaching is never financial advice.
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No one will give you the finalsial one because someone knows the future. Especially in crypto no one will give you any kind of financial advice because crypto is highly volatile and here everyone can only analyze by looking at graphs and no one can guarantee anything. But you can get idea from their opinion. Financial advice is when someone guarantees you a profit. Like bank interest. Teaching is never financial advice.
If you are not a registered financial expert, it's consider illegal to give a financial advise because you can be term as someone trying to manipulate people into doing things that will only favour you and most financial advisers don't just give advice to influence, they do their research and due diligence before they tell you do do something and ofcourse it's nothing guaranteed.
Most of the time when reading or watching someone giving details about a coin, either before the video or towards the end of the video, they do make it clear that they are not financial adviser and they are clearing their self so people don't come back and say they are been misleading.
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This phrase “not financial advice” serves to prevent any error and subsequent blame that users may want to place on content creators for example
It can also be understood as: I'm teaching you, giving you the information, but the final decision is entirely yours
The reason of blame as quoted is what I understand for that phrase OP stated. Because most Investors/Traders wouldn't take much time to sort for their own reasons of placing funds on a particular asset, either as investment or trading but they just get carried away with the news or speech from the analyst and after loosing, they start looking for who to blame and probably start giving a negative feedback/comments to the analyst.
Even if the analyst may speculate correctly, he is likely to add the phrase "Not a Financial Advice" to enable the trader/investor Do His Own Research in order to manage his risk of loosing funds.
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People who are expert or has already financially free status can give financial advice,because i believe they have a lot of experience than the people who are in a floating status,they can maybe give some words of wisdom from thier experience and success story.
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The best advisor of all is: Books, when we read trading books, traders, market speculators, such as the stock market, they have lived through Situations Similar to what we know today in the market, they sometimes wonder what happened to them, what they did and how they were able to win, that is widely applicable to the crypto market , however when we Emphasize the current situation of our world, there are many strange events, and that have never been seen before , then all these Fundamentals help unexpected things to happen in the Market.
I agree, if books are good advisors, where we can learn and continue to learn if we make mistakes, and it should be noted that 1 financial book, trading or the like has gone through research on a particular object to have a conclusion, and if we want to trade I think if we experience a loss or win it is a process of what we have learned from advisors (books)
Books are really helpful honestly speaking because they provide additional ideas or knowledge to us so that our understanding of trading can actually be expanded.
Now if we have others who we watch giving tips or ideas on YouTube, let's take what we think will help us in the near future in our study of trading and adopt it.
like cherry picking what we do.
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People who are expert or has already financially free status can give financial advice,because i believe they have a lot of experience than the people who are in a floating status,they can maybe give some words of wisdom from thier experience and success story.
Advice can be given by anyone, but it should stay that - a piece of advice.
It is not a call to action, it's a thought to proceed and work with.
All the rest if your own deal.
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No one will give you the finalsial one because someone knows the future. Especially in crypto no one will give you any kind of financial advice because crypto is highly volatile and here everyone can only analyze by looking at graphs and no one can guarantee anything. But you can get idea from their opinion. Financial advice is when someone guarantees you a profit. Like bank interest. Teaching is never financial advice.
Such people would usually do it to push their own agenda.
So it's always wise to keep advice close, but your own thoughts - closer.
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This phrase “not financial advice” serves to prevent any error and subsequent blame that users may want to place on content creators for example
It can also be understood as: I'm teaching you, giving you the information, but the final decision is entirely yours
To be honest I undertand this, because the final decision to invest or buy something is total responsability of the person, do not follow any advice blindly
Many people follow tips without thinking :P
Correct. Every piece of advice heard or listened to lies on the individual to decide on the one to take as, to be true.
There are many pieces of advice on social media and out of social media. If we go on accepting everyone, I think the majority of us would be confused about the one to choose, which can have us making a lot of mistakes.
It will be ideal, to think wise and research any information be told before accepting the information to be true. Because whatever information you truly accept as truth, will define the kind of approach you make in life.
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many are indeed proficient in analyzing the market and giving some opinions on whether a coin is worthy and worth investing in, but all will eventually say make it your second opinion and do your own research. from the style of speech above, it is clear that they only come and convey some important points and for the final decision on ourselves too.
Until now I have never received a channel or private group that is 100 percent proven to be exactly what they suggest for us to follow.
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many are indeed proficient in analyzing the market and giving some opinions on whether a coin is worthy and worth investing in, but all will eventually say make it your second opinion and do your own research. from the style of speech above, it is clear that they only come and convey some important points and for the final decision on ourselves too.
even though they seem proficient it is possible that they only analyze the market depending on what they need and what they are capable of if the tools they have can only do a certain thing when it comes to analyzation then it might not be the same as the tools that you have so you also need to be careful with completely following an individual
Until now I have never received a channel or private group that is 100 percent proven to be exactly what they suggest for us to follow.
these groups are only good to serve as guides and nothing else i would not expect so much on channels like this
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The best advisor of all is: Books, when we read trading books, traders, market speculators, such as the stock market, they have lived through Situations Similar to what we know today in the market, they sometimes wonder what happened to them, what they did and how they were able to win, that is widely applicable to the crypto market , however when we Emphasize the current situation of our world, there are many strange events, and that have never been seen before , then all these Fundamentals help unexpected things to happen in the Market.
I agree, if books are good advisors, where we can learn and continue to learn if we make mistakes, and it should be noted that 1 financial book, trading or the like has gone through research on a particular object to have a conclusion, and if we want to trade I think if we experience a loss or win it is a process of what we have learned from advisors (books)
honestly i learn trading not from books but from youtube and many articles that discuss trading.
we can become great traders by joining many tele groups and also forums because we can gain knowledge and experience by interacting there.
Yes, Trading can be learned in several ways and using YouTube with articles reading as steps is very important because the materials are easily accessible and most of them practically. Besides, it allows joining a discussion group or forum where one has a possibility to discuss directly with those who have different experience. This helps us to see the market from a wider view because of the variety of inputs we get from it. Even interaction in such an environment can be beneficial for us when it comes to choosing between options that we would otherwise avoid or picking the right strategy because of other people’s experience. In this way, people can amplify the competency in trading processes and feel more confident when coming to the decision making.
Joining a telegram group and watching YouTube is quite helpful in learning the basics of trading, and sometimes in a telegram group, they often share tips and tricks, that's what makes me follow a group or channel about trading more.
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This whole financial advice and crypto thing don't mix well.
And reality of things is that people without the financial background in terms of profession don't have the paltform to act has experts of the field , but one thing is for sure ,
The non professionals on the forums have the exposure, , experience and understand how the crypto markets and in my opinion should be qualified to give this advice.
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many are indeed proficient in analyzing the market and giving some opinions on whether a coin is worthy and worth investing in, but all will eventually say make it your second opinion and do your own research. from the style of speech above, it is clear that they only come and convey some important points and for the final decision on ourselves too.
Until now I have never received a channel or private group that is 100 percent proven to be exactly what they suggest for us to follow.
I think those who are responsible will definitely not be willing to take risks for others. And the main reason for this is that no one is able to make accurate predictions about the market. Those who want to follow such a person can do so without any hesitation, but the main point here is that everyone should have their own judgment and analysis. Even if someone else gives good advice for investing their financial assets, you should try to understand yourself well first.
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Financial consultants see your personal situation and your financial plans and advise the products to help you meet your needs. But it's a different opinion because i mean i want to invest with my own experience and Knowledge. Financial advice means advising others on the selection, purchase, or sale advice of financial products to meet the purpose of investing, risk management, or risk mitigation. Suppose i am involved with crypto investment so if i invest by follow anyone then my loss is high there. Therefore, it is called foolishness to invest in social media by looking at a consultant post.
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Financial consultants see your personal situation and your financial plans and advise the products to help you meet your needs. But it's a different opinion because i mean i want to invest with my own experience and Knowledge. Financial advice means advising others on the selection, purchase, or sale advice of financial products to meet the purpose of investing, risk management, or risk mitigation. Suppose i am involved with crypto investment so if i invest by follow anyone then my loss is high there. Therefore, it is called foolishness to invest in social media by looking at a consultant post.
It is better to invest or trade in crypto based on your own knowledge and experience. because it is better. I never trust financial consultants but I can share with them about my considerations and analysis. Everyone is allowed to have an opinion and suggestions, but it is better to do research and make your own analysis.
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Financial consultants see your personal situation and your financial plans and advise the products to help you meet your needs. But it's a different opinion because i mean i want to invest with my own experience and Knowledge. Financial advice means advising others on the selection, purchase, or sale advice of financial products to meet the purpose of investing, risk management, or risk mitigation. Suppose i am involved with crypto investment so if i invest by follow anyone then my loss is high there. Therefore, it is called foolishness to invest in social media by looking at a consultant post.
Or just go with your guts and what you are feeling. I think for Bitcoin it's very easy to us, just go and accumulate and hold. But for others like more volatile, the altcoin market, it's really hard to give advises.
Maybe we can give some suggestions, but still, it should not be treated as sound advise.
And for someone, it's better to really just go with the motion and experience to see how it is to be a investor and trader and then adjust your strategy. It's ok to lose money as long as you can get a big experience out of it.
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I think we ourselves have to learn from our experiences about our finances, Of course we have to look at successful people out there. If other people can, of course we should be able to do it too.
And especially in Cryptocurreny, of course it will be more difficult because the price of Crypto fluctuates highly. Assets will definitely go up and down, and armed with experience I believe we will be able to advise ourselves.
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Financial consultants see your personal situation and your financial plans and advise the products to help you meet your needs. But it's a different opinion because i mean i want to invest with my own experience and Knowledge. Financial advice means advising others on the selection, purchase, or sale advice of financial products to meet the purpose of investing, risk management, or risk mitigation. Suppose i am involved with crypto investment so if i invest by follow anyone then my loss is high there. Therefore, it is called foolishness to invest in social media by looking at a consultant post.
It is better to invest or trade in crypto based on your own knowledge and experience. because it is better. I never trust financial consultants but I can share with them about my considerations and analysis. Everyone is allowed to have an opinion and suggestions, but it is better to do research and make your own analysis.
Yes, It is more preferable to make own decisions in investments or trading in cryptocurrencies, as only we know our financial situation and our aims. However, people’s opinion can still be heard but the last call is always left to us We. To achieve the strategic goal of having a better understanding of the risks and opportunities, it is necessary to conduct your own researches and analysis. Like that, every action carried out is justified and not based on effects of other people’s actions or opinions. When we are confident in our decisions we make, then this will help us prepare for several possibility within the crypto market.
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Those who propose advantageous investments in promising cryptocurrencies are often not financial promoters but rather enthusiasts or experts in the field and obviously express their personal opinion and not a suggestion to invest. This is what the writing to underline this is for.
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I think we ourselves have to learn from our experiences about our finances, Of course we have to look at successful people out there. If other people can, of course we should be able to do it too.
And especially in Cryptocurreny, of course it will be more difficult because the price of Crypto fluctuates highly. Assets will definitely go up and down, and armed with experience I believe we will be able to advise ourselves.
learning from one's own experience in managing finances is the right thing, because sometimes we are different from others in doing it.
in life we are always faced with financial problems, especially needs and in investing in crypto we must also be smart in managing finances and also risks, because these two things are what we find in crypto.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
Giving financial advice on cryptocurrencies is a very risky business, especially if I give someone financial advice and give them enough knowledge about trading and investing, and if they invest according to my suggestions and face losses, then they will definitely blame me later. It is always wise to refrain from unnecessarily blaming someone for your financial responsibilities, which is why most people don't give anyone financial advice. For now, financial advice can be given in other areas, but no one should be given financial advice when it comes to investing or trading. In this case, the investor must invest at his own risk.
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~snip~
I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
I think personally, the one who can give financial advice is ourselves with our experience. I also first got to know crypto by getting financial advice from other people, slowly I gained experience and with myself I applied the financial tricks.
1. I get financial advice from friends
2. I get financial advice from public figures
3. I get financial advice based on personal experience
Maybe the stages are like that and that is what I have applied until now for Financial Advice.
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1. I get financial advice from friends
interesting that you do honestly because unless your friends have professional experience about finance and specifically crypto then i would not exactly go for them i can talk to them about it but i would not exactly take their opinions too seriously lol
i guess it really depends on the kind of person you want to get advice from
Maybe the stages are like that and that is what I have applied until now for Financial Advice.
i have always thought anyway that you can’t just take advice from one person alone you need to have many resources for it
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Joining a telegram group and watching YouTube is quite helpful in learning the basics of trading, and sometimes in a telegram group, they often share tips and tricks, that's what makes me follow a group or channel about trading more.
This is something that is very noticeable when eprosans go to telegram, but in the end they end up saying that if they give a VIP deposit they can have access to the best signals, so that is what has discouraged me from telegram trading channels, there are some that do share, but in the end they become pure marketing and many other things to take money from the eropnas, sometimes it is not Enough with what is normally spent, but not Satisfied with that , they Focus on asking for money Monthly for themselves to maintain themselves , so that is something that should not be done. It does not happen on YouTube, but Tg does.
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~snip~
I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
I think personally, the one who can give financial advice is ourselves with our experience. I also first got to know crypto by getting financial advice from other people, slowly I gained experience and with myself I applied the financial tricks.
1. I get financial advice from friends
2. I get financial advice from public figures
3. I get financial advice based on personal experience
Maybe the stages are like that and that is what I have applied until now for Financial Advice.
As long you do know yourself on how to hear out those words and do your own research on which you would really be adding up in overall analysis then sooner or later you would really be that even more knowledgeable when it comes to these manners on which we know that when it comes into this aspect then it will really be that up to you on how you would really be applying all of the things that you have learnt and heard into other people on which this will really be that recommended that you should be sticking into your own ways and snipping out some good ideas on which you can see to be viable or would be something that realistic. This is why its really that important about self awareness into the actions that you are taking.
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We hear this "not financial advice" even when the channel is all about finance and investment. It could just be said so that they are not gonna be blamed when a person loses their money because they said something about investments.
The owner of the channel will not be tied to his words when they say "not financial advice". So yea who really has the right to say his words are indeed a financial advice?
Yes, you have hit the nail on the head, this short phrase ("Not A Financial Advice") has been my concerned, and just like most people has emphasized, it is extremely difficult to see who will actually give a financial advice and stand by it whatsoever may be the outcome.
You see, it sounds so pitiful to hear this statement on different platforms like, social networks on the daily basis, yet many experts are found analyzing the markets before their audience but without what i called a legitimate financial advice from them.
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I recently watched a short video about an AI doing trading. I'm not gonna mention the name to avoid any non-sponsored shilling ;D Anyway, if it actually works, you probably won't need any financial advice from anyone. You can simply use the tool on highly traded coins based on volume and earn something.
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~snip~
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Maybe the stages are like that and that is what I have applied until now for Financial Advice.
i have always thought anyway that you can’t just take advice from one person alone you need to have many resources for it
Among the 3 points, these are the ones I apply, sometimes I also often pay attention to things like Changpeng Zhao tweeting on X about crypto, and I also don't forget to keep an eye on Vitalik Buterin's X account.
~snip~
I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
I think personally, the one who can give financial advice is ourselves with our experience. I also first got to know crypto by getting financial advice from other people, slowly I gained experience and with myself I applied the financial tricks.
1. I get financial advice from friends
2. I get financial advice from public figures
3. I get financial advice based on personal experience
Maybe the stages are like that and that is what I have applied until now for Financial Advice.
~snip~
This is why its really that important about self awareness into the actions that you are taking.
Very right, as my friend in the real world who taught me crypto said, he said that self-awareness is the main thing to be able to survive in this crypto industry. The reason is that crypto is unpredictable and its price always changes at any time, so self-awareness is the most important thing.
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I think we ourselves have to learn from our experiences about our finances, Of course we have to look at successful people out there. If other people can, of course we should be able to do it too.
And especially in Cryptocurreny, of course it will be more difficult because the price of Crypto fluctuates highly. Assets will definitely go up and down, and armed with experience I believe we will be able to advise ourselves.
learning from one's own experience in managing finances is the right thing, because sometimes we are different from others in doing it.
in life we are always faced with financial problems, especially needs and in investing in crypto we must also be smart in managing finances and also risks, because these two things are what we find in crypto.
That's what I've been doing all this time, although I haven't been able to maximize it, but I think my path is right. Sometimes I'm also jealous of other people who have billions of balances, and in my heart I ask how to manage money so that it can be so much. But I realize, the problem of fortune is different for each person. We can't imitate them, but what I believe is that I can learn like them.
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There are different financial advisors out there giving advice to different people but one thing that you needs to look out for in anyone trying to give you financial advice is the capacity of the individual giving you the advice because when it comes to money many people don't know how to manage and invest it so before getting an advise from any one again let it be some one who has been successful over the years and has proven record of what to show of his investment he has been able to do with money
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
How about this instead.
Buying crypto is high risk and you can lose your entire investment in under a day, even worse depending on your use of leverage you can use much more than your entire day.
Based on the paragraph above I philipma1957 can tell you I am only human thus i am not infallible . So if you follow what I say and lose too bad also if you don’t follow me and lose that is too bad.
As you the investor are the one that decides what you are going to do. I bear zero responsibility for any info I feed to this or any internet website.
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There are different financial advisors out there giving advice to different people but one thing that you needs to look out for in anyone trying to give you financial advice is the capacity of the individual giving you the advice because when it comes to money many people don't know how to manage and invest it so before getting an advise from any one again let it be some one who has been successful over the years and has proven record of what to show of his investment he has been able to do with money
Your opinion is right, we have to see who is giving the financial advice, whether their track record has shown success for years? or just pretending to know.
if I were you, I would prefer to learn to manage my own finances without listening to their advice, because everyone is different in managing their finances.
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what do you think?
I have a friend who has been active in cryptocurrency for a long time, maybe around 2013, he often told me that cryptocurrency should not be known to me because the risk is very high.
He also said that in 2013, Bitcoin was still given or given away for free and was still easy to find with captcha but now it is very difficult and seems like there are many scammers.
All the prices of old coins such as Bitcoin, Ethereum, Ripple and DOGE are all expensive, he said. And he also said that if you want to know more about cryptocurrency, it's better to just look for free ones, don't use any capital at all because Notebooks, Internet, Electricity and Time have also become initial capital to be able to learn more about cryptocurrency.
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what do you think?
Before investing in crypto currencies, you should definitely make various suggestions, but they should be suggested by experienced traders or investors. However, if those who are completely new to investing follow hundreds of suggestion posts on various forums, then all the complexities regarding investing will definitely become clear. However, if someone close to you suggests something that you trust, you should definitely follow it. However, one thing is very important: if a friend is very close and has enough experience, then you should definitely follow the suggestions of those friends. Nowadays, there are many suggestions from big celebrities on television and in magazines, and it is believed that if you follow them, you will definitely benefit.
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It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.
Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.
Moreover, when he has entered the market with conditions that are still fluctuating and speculative and can easily change in an instant at this time. In the end, we will also be able to see the difference between traders who are consistent and inconsistent in the advice that has been given. if he understands, he will accept it with an open heart because this is how the market works, but if he does not accept it, we are the ones who will be called misguided financial advisors.
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However, if someone close to you suggests something that you trust, you should definitely follow it. However, one thing is very important: if a friend is very close and has enough experience, then you should definitely follow the suggestions of those friends.
some of your friends may not want to be responsible for your own choices because if you end up losing money you might blame them so they may not want to give you all of what they know and you shouldn’t follow everything they say completely anyway
Nowadays, there are many suggestions from big celebrities on television and in magazines, and it is believed that if you follow them, you will definitely benefit.
i disagree heavily a lot of celebrities are paid to say whatever they are saying on television or on social media they are an image of what they want to portray so i don’t trust them
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It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.
Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.
Moreover, when he has entered the market with conditions that are still fluctuating and speculative and can easily change in an instant at this time. In the end, we will also be able to see the difference between traders who are consistent and inconsistent in the advice that has been given. if he understands, he will accept it with an open heart because this is how the market works, but if he does not accept it, we are the ones who will be called misguided financial advisors.
Market that always in a state of uncertainty, thus means we have to always prepare ourselves for anything that comes downstream. Such conditions that can change in a matter of seconds mean that every decision has to be made with a lot of consideration. It is quite natural that not everybody will have the same perception of price fluctuations or any recommendations provided. That is why specific people who are ready to accept new information will find it possible to work with the existing conditions. In contrast, people who lack new understanding seek for causes in other external situations whenever they are confronted by one that is unpleasing to them. Therefore, attitude and consistency of the mind set will be the key determining factor in the success of a merchant in the trading world.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.
Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.
You are right and those professionals are expected to had been practically grounded with certain experiences in the market which why have muchly been able to figure out the remedies to the uncertainty occurances to when things goes the sideways since looses can not be totally avoided on trades.
There are definitely persons who acclaims of possessing financial advisory aids that has not been engaged on it realistic experiences rather they have been acquiring their knowledges by reading books without having the time to practically venture into the market to be assured if what was read has the potential in accordance to what is seek for as one in need of financial advice.
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It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.
Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.
Moreover, when he has entered the market with conditions that are still fluctuating and speculative and can easily change in an instant at this time. In the end, we will also be able to see the difference between traders who are consistent and inconsistent in the advice that has been given. if he understands, he will accept it with an open heart because this is how the market works, but if he does not accept it, we are the ones who will be called misguided financial advisors.
the crypto market is indeed volatile and as traders we must remain calm and consistent with our plans.
It takes knowledge and experience to become a trader, because we must always practice making analysis and controlling emotions when we see market changes that do not match our predictions.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
I think we can ask a different question: "Who can give suitable and responsible financial advice?".
Financial advice is not simply about buying BTC or selling ETH, it should include many components:
1. Analysis and assessment of the overall market.
2. Selection of crypto assets for the portfolio.
3. Pointing out opportunities and risks.
4. Determining TP or SL.
5. Guiding appropriate capital allocation.
Clearly, only experts can provide such thoughtful financial advice. Usually, people avoid giving financial advice, they even avoid sharing personal opinions or always disclaim legal responsibility. I think they don't want to waste time on others and avoid unnecessary trouble.
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I think we can ask a different question: "Who can give suitable and responsible financial advice?".
Financial advice is not simply about buying BTC or selling ETH, it should include many components:
1. Analysis and assessment of the overall market.
2. Selection of crypto assets for the portfolio.
3. Pointing out opportunities and risks.
4. Determining TP or SL.
5. Guiding appropriate capital allocation.
Clearly, only experts can provide such thoughtful financial advice. Usually, people avoid giving financial advice, they even avoid sharing personal opinions or always disclaim legal responsibility. I think they don't want to waste time on others and avoid unnecessary trouble.
You've really made a great point. Everyone can give a financial advice. Advice can be categories into two, we have positive advice and we also have negative advice. Positive advise is about giving reasonable, helpful, beneficial, responsible, recommendable and suitable financial advice, that will contribute greatly to your achievement, and will bring about positive opportunities and changes. While negative advice is about giving unreasonable, harmful and unthinkable financial advices that may cause loses to the trader or investor and so on. So the question should be "who can give good, positive, suitable and reasonable financial advice" just as you suggested.
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Market that always in a state of uncertainty, thus means we have to always prepare ourselves for anything that comes downstream. Such conditions that can change in a matter of seconds mean that every decision has to be made with a lot of consideration. It is quite natural that not everybody will have the same perception of price fluctuations or any recommendations provided. That is why specific people who are ready to accept new information will find it possible to work with the existing conditions. In contrast, people who lack new understanding seek for causes in other external situations whenever they are confronted by one that is unpleasing to them. The same applies to gaming and betting platforms like here (https://b7casino-nl2.com/) , where market dynamics, odds, and promotions can change rapidly. Those who adapt and strategize accordingly tend to maximize their opportunities, while others may struggle with unexpected outcomes Therefore, attitude and consistency of the mind set will be the key determining factor in the success of a merchant in the trading world.
It's not just who gives advice, but the quality of that advice.
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I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.
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I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.
Using different information obtained when turning to experts, one can grab a ray of light, although the result is still made independently. Not all of the strategies that exist in the world are applicable for every person and therefore, it is always possible for one to go and investigate on the certain steps to be taken. That way, it is easier to maintain a clear vision of all the threats out there and can be ready for any outcomes, instead of following somebody’s advice. The investment and anything else should be made considered after serious research and understanding of the outcome based on previous experiences. Risk management is also a part of the process that should not be ruled out as it is also a way of preventing impulsive decision-making. Therefore, adopting a rational thought process and not to jump into conclusions will provide enough actual information to be sure on which steps are best implemented for the existing conditions.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe because some of the speakers are not qualified professionals when it come to this matter, i mean there are people who are qualified to give financial advise, i searched to the internet and one of them are "Certified Public Accountants".
But in contrast, those people who are qualified to give financial advises won't give any (maybe i'm wrong) in public as in social medias for free.
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It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.
Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.
Moreover, when he has entered the market with conditions that are still fluctuating and speculative and can easily change in an instant at this time. In the end, we will also be able to see the difference between traders who are consistent and inconsistent in the advice that has been given. if he understands, he will accept it with an open heart because this is how the market works, but if he does not accept it, we are the ones who will be called misguided financial advisors.
Market that always in a state of uncertainty, thus means we have to always prepare ourselves for anything that comes downstream. Such conditions that can change in a matter of seconds mean that every decision has to be made with a lot of consideration. It is quite natural that not everybody will have the same perception of price fluctuations or any recommendations provided. That is why specific people who are ready to accept new information will find it possible to work with the existing conditions. In contrast, people who lack new understanding seek for causes in other external situations whenever they are confronted by one that is unpleasing to them. Therefore, attitude and consistency of the mind set will be the key determining factor in the success of a merchant in the trading world.
I think combining these relatives of attititude and consistency for the determination of traders in the merchant world might not necessarily be met up go complete standards for success in the crypto world.I’m not mentioning though but risks taking which is the most popular factor investors act based on their investment influences everything.And this doesn’t even determine whether or not your success in the crypto world is certain.
Point i’m trying to draw out is that after investing,and even making decisions that you think or have the intuition that its okay and ready to be accomplished, LUCK drives it all. Now this may seem funny judging from the perspective of various merchants bit i think this factor majourly influences it all.Warren buffet would say, after making an investment decision that the chances of it gaining success is 98, and the chances of it creating a loss is 2% , this same 2% could change the outcome so heavily.
I know many investors and traders might not go in lone with this but that’s what i strongly believe in.
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I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe
Moreover, when something he predicted happened to be right... he would bring it up to increase his popularity... whereas when his prediction was wrong he always protected himself with his statement explaining that he was not a financial advisor... what a coward...
Trusting a public figure does require sorting and choosing, because only a few of them use their predictions to really share with others, while most of them use their predictions only to increase their popularity... in the end it is for their own money and personal wealth...
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I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.
Everything will really be that according to you on which you are the ones will really be making out such decision in the end.They can really be that turned out to be a guide but doesnt mean that they are the ones who would really be the basis of your final decision. It will really be that still up to you whether you are following them or you would be just adding up some analysis or ideas on which will be that put up into your analysis too which it isnt a bad approach either. If you are really that a complete newbie then it wont really be that a bad idea to base up on what are those real time experiences from other people but just like been said that this isnt totally your basis and you do still look up on your own.
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I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe
Moreover, when something he predicted happened to be right... he would bring it up to increase his popularity... whereas when his prediction was wrong he always protected himself with his statement explaining that he was not a financial advisor... what a coward...
Trusting a public figure does require sorting and choosing, because only a few of them use their predictions to really share with others, while most of them use their predictions only to increase their popularity... in the end it is for their own money and personal wealth...
Yes this is a common thing I see, when their predictions come true, they usually will keep discussing it and even if they are active people on social media like X, then they will pin their posts about their predictions that gave them the advantage.
But when they are wrong, yes they will defend themselves as usual and maybe they will not even discuss it anymore.
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I can relate to this as i also saw some youtube videos where the speaker would say "not a financial advise". I think they are playing safe
Moreover, when something he predicted happened to be right... he would bring it up to increase his popularity... whereas when his prediction was wrong he always protected himself with his statement explaining that he was not a financial advisor... what a coward...
Trusting a public figure does require sorting and choosing, because only a few of them use their predictions to really share with others, while most of them use their predictions only to increase their popularity... in the end it is for their own money and personal wealth...
Yes this is a common thing I see, when their predictions come true, they usually will keep discussing it and even if they are active people on social media like X, then they will pin their posts about their predictions that gave them the advantage.
But when they are wrong, yes they will defend themselves as usual and maybe they will not even discuss it anymore.
Everyone will love to share their success with a smile. But when they fail try to hide them all the time. People who find trading too easy just by watching other's success stories face huge losses when they jump into trading. No one can give you financial advice on crypto. Because no one can guarantee anything here. People who give you financial advice will only hurt you. So in this case we have to be careful and never take someone's financial advice directly
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I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.
Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
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We can choose to seek for financial assistance anywhere inasmuch that the source is going to be a reliable one, we can also take time in making some reasonable research on our own to make sure that we have the right information and got it accurately after relating them from different sources, many of us wouldn't have made mistakes if we had been well informed about some things which we do in cryptocurrency.
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I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.
Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
I would greatly appreciate it if you could teach me more about risk management.
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We can choose to seek for financial assistance anywhere inasmuch that the source is going to be a reliable one, we can also take time in making some reasonable research on our own to make sure that we have the right information and got it accurately after relating them from different sources, many of us wouldn't have made mistakes if we had been well informed about some things which we do in cryptocurrency.
There is always the need to be prepared and accurate when it comes to making the decisions in those areas so that the wrong would not be made. It is helpful to gather information from different sources so that have a general vision of the situation before making a decision. Furthermore, the certainty of the information acquired will serve as the basis of confidence in taking action in line with what is best for us. Different analysis from various perspectives can also be helpful in having a better view of the current situations prevailing. Thus, one could work without any losses and guarantee that all the steps are thought out properly with regard to potential options in the future.
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I believe anyone who has experience and knowledge of a specific topic can give advice, BUT the important thing IMO is the part whether you would follow that advice or not. That's where self-research will come in and help you decide whether to follow it. It's something that anyone should practice. Make sure to always follow risk management.
Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
Self analysis will really be that a normal approach when you are trying out to make up some investment and if you do seek out for some advise then it will be ideal that you do need up to listen into those someone who do have that knowledge and experience and not really just that randomly hearing out some advises on which this could potentially be leading up into some bad decisions due to some obvious reasons.Just like the rest been saying that you can actually make your own decisions basing up on what you have learnt and research. So it will be that up to you on how you do deal up with the investment that you are really that dealing into.
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Yes this is a common thing I see, when their predictions come true, they usually will keep discussing it and even if they are active people on social media like X, then they will pin their posts about their predictions that gave them the advantage.
But when they are wrong, yes they will defend themselves as usual and maybe they will not even discuss it anymore.
Everyone will love to share their success with a smile. But when they fail try to hide them all the time. People who find trading too easy just by watching other's success stories face huge losses when they jump into trading. No one can give you financial advice on crypto. Because no one can guarantee anything here. People who give you financial advice will only hurt you. So in this case we have to be careful and never take someone's financial advice directly
I can't say something like this is wrong or right, because it is a fact and if we look at someone who shares their experience, there will be more people who share their experiences about their success than failure.
People don't dare or deliberately cover up failure, even though if you think about it, failure is also a very good thing to share. Because it will open the minds of many people not to make the same mistakes.
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Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.
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Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.
Determining who is experienced and who is echoing what others have said is very useful, especially in the time that we are in need of some advice. Defining to the given capacities and situations one cannot follow all the advices without making a certain adjustment. It is often helpful to learn from other people, however, it can be used as a guideline, but one should know how to adapt it to one’s circumstances to achieve better outcome. Every man is unique, so is his way of learning the certain language, therefore, he has always a right to improvise. The most important thing is never to stop searching in the right information and using right methods of its processing, and not to act as all like the others do.
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Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.
Once back then; I was strongly against the idea of taking financial advices from people.K had reasons which i cannot actually defend today and part of those reasons where being the cause of an eventual downturn and not having anyone to blame but myself.
Well; fast forward to today; I strongly detest the idea of not relying on someone for financial ideas.We are all humans and we grow everyday.The more we feed ourselves with knowledge from books as well as knowledge of individuals around is is what makes us grow.
Just like you have said; background checks as well as other criteria mentioned are really important when seeking financial advices.Just not everyone is capable of handling out such advises that would have an impact in your life.
I feel if you find a good advisor who meets this criteria; you’re sure to excel in that aspect if you put in your all best.
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Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.
We should adapt to what we've seen as successful and try to implement our own ways to the ones that already exist.
That way, we will not only use somebody's experience, but amplify it with our own.
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From your comment, I understood that a person should use the experience they have in stages. Now people can no longer share their experiences and advice with previous people by reading and listening. It is better to use this knowledge in stages and stay connected in the market. You need to have a goal to use your experiences.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
people often say this when having a financial discussion and issue this statement either at the beginning, the middle, the end or just somewhere in the discussion to basically serve as a word of caution and at the same time legally protecting themselves just in case anything goes wrong. It's their own way of saying, this is just my personal opinion as I'm not a financial adviser nor a certified professional, you do your own personal research to further verify what am saying.
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Before we can sought for a financial advise, we need to know whom we are and what we want, then also try as much as possible to understand the nature of where we want it applicable concerning us, seeking a financial advise is not hard to do, but we must go through those who truly have something to offer us, we should go to those who have lived their financial live by example and could be worth emulated by their results.
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people often say this when having a financial discussion and issue this statement either at the beginning, the middle, the end or just somewhere in the discussion to basically serve as a word of caution and at the same time legally protecting themselves just in case anything goes wrong. It's their own way of saying, this is just my personal opinion as I'm not a financial adviser nor a certified professional, you do your own personal research to further verify what am saying.
If you are into finance and you give financial advice that didn't go as you predicted, there is every reason you can be sue and jail and because crypto market is very volatile, people can lose money very easy and if such happens, they can sue you for given wrong advice and to counter this in the future, they put not your financial advice.
Mh preference is never take any financial advice from anyone in crypto because many things they say are not fact but speculations and speculation can change even if they are very certain about somethings, things change rapidly in the crypto space.
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If you are into finance and you give financial advice that didn't go as you predicted, there is every reason you can be sue and jail and because crypto market is very volatile, people can lose money very easy and if such happens, they can sue you for given wrong advice and to counter this in the future, they put not your financial advice.
Mh preference is never take any financial advice from anyone in crypto because many things they say are not fact but speculations and speculation can change even if they are very certain about somethings, things change rapidly in the crypto space.
An advisor is unlikely to give a crypto price prediction, it is very strange and even seems irresponsible because guessing the future is something that is uncertain.... financial advisors or financial advisors usually only teach basic things and also evaluate the mistakes made by their clients, they will provide advice to improve their financial management so that they can be more disciplined in managing finances, not to suggest buying certain coins to make a profit in a short time.... finance is not as narrow as price predictions...
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people often say this when having a financial discussion and issue this statement either at the beginning, the middle, the end or just somewhere in the discussion to basically serve as a word of caution and at the same time legally protecting themselves just in case anything goes wrong. It's their own way of saying, this is just my personal opinion as I'm not a financial adviser nor a certified professional, you do your own personal research to further verify what am saying.
If you are into finance and you give financial advice that didn't go as you predicted, there is every reason you can be sue and jail and because crypto market is very volatile, people can lose money very easy and if such happens, they can sue you for given wrong advice and to counter this in the future, they put not your financial advice.
Mh preference is never take any financial advice from anyone in crypto because many things they say are not fact but speculations and speculation can change even if they are very certain about somethings, things change rapidly in the crypto space.
We write NFA not for nothing ;D Some people go with the flow too much, and they may end up in bad situations because of it.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
In my opinion, indeed famous people when giving advice about cryptocurrency must always give a statement to stay away from cryptocurrency, whether it's trading or investing like Changpeng Zhao who always gives a statement at the end "Not Financial Advice".
The one who makes the appeal is ourselves because the reason is for our own safety and our assets are valuable funds.
Never invest in cryptocurrency that makes us have no hope of being able to increase its price again like the newly launched Koi Meme or tokens that have no utility. NFA is better for yourself.
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If you are into finance and you give financial advice that didn't go as you predicted, there is every reason you can be sue and jail and because crypto market is very volatile, people can lose money very easy and if such happens, they can sue you for given wrong advice and to counter this in the future, they put not your financial advice.
Mh preference is never take any financial advice from anyone in crypto because many things they say are not fact but speculations and speculation can change even if they are very certain about somethings, things change rapidly in the crypto space.
An advisor is unlikely to give a crypto price prediction, it is very strange and even seems irresponsible because guessing the future is something that is uncertain.... financial advisors or financial advisors usually only teach basic things and also evaluate the mistakes made by their clients, they will provide advice to improve their financial management so that they can be more disciplined in managing finances, not to suggest buying certain coins to make a profit in a short time.... finance is not as narrow as price predictions...
What we have to clear our minds about is the role of the financial advisors. Offering counsel on the financial is never a matter of speculation of the course of any given asset mainly especially when it comes to fluctuating assets like the cryptos. As soon as an advisor begins to use numbers, large money concepts, or recommends an expensive coin just because many people are investing in the same, then they are going overboard. Which makes more sense is how one can modify the status of their financial affairs, avoid getting fall into the dilemma of compulsive purchasing and make decisions based on aspects which can easily be intervened. Cryptos may be discussed but it is not directly related to the use of its trends in making the decisions relating to the financial future.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
In my opinion, indeed famous people when giving advice about cryptocurrency must always give a statement to stay away from cryptocurrency, whether it's trading or investing like Changpeng Zhao who always gives a statement at the end "Not Financial Advice".
The one who makes the appeal is ourselves because the reason is for our own safety and our assets are valuable funds.
Never invest in cryptocurrency that makes us have no hope of being able to increase its price again like the newly launched Koi Meme or tokens that have no utility. NFA is better for yourself.
people's advice because they consider the risk of investing in crypto, we all know that in investing in crypto we are often faced with risks because the crypto market is volatile, so the message we can take from the advice is that in investing we must be careful, at least we make analysis and do research first. so knowledge is very much needed in investing in crypto.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
In my opinion, indeed famous people when giving advice about cryptocurrency must always give a statement to stay away from cryptocurrency, whether it's trading or investing like Changpeng Zhao who always gives a statement at the end "Not Financial Advice".
The one who makes the appeal is ourselves because the reason is for our own safety and our assets are valuable funds.
Never invest in cryptocurrency that makes us have no hope of being able to increase its price again like the newly launched Koi Meme or tokens that have no utility. NFA is better for yourself.
Those who are knowledgeable are not willing to give direct financial advice. Cryptocurrency is the most volatile currency, there is a possibility of gaining a lot in a short time, as well as a possibility of losing. Moreover, the advice one gives may not be the right one. And those people never want to be bound by giving financial advice to others. Those who will invest should definitely have a good idea about their investment. They have to make their own decisions for their own assets.
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
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NFA is better for yourself.
people's advice because they consider the risk of investing in crypto, we all know that in investing in crypto we are often faced with risks because the crypto market is volatile, so the message we can take from the advice is that in investing we must be careful, at least we make analysis and do research first. so knowledge is very much needed in investing in crypto.
I also see that something like this is indeed needed, besides experience and knowledge, there is another addition, namely observation for every new project in cryptocurrency.
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Those who are knowledgeable are not willing to give direct financial advice.
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Sometimes I also wonder how those who are experts in cryptocurrency are sometimes more silent about their expertise and just keep quiet without telling others.
Maybe they are better off hiding their knowledge than sharing it with others who end up being scammed in cryptocurrency. That's the basic anticipation of those who are experts, maybe.
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Those who are knowledgeable are not willing to give direct financial advice. Cryptocurrency is the most volatile currency, there is a possibility of gaining a lot in a short time, as well as a possibility of losing. Moreover, the advice one gives may not be the right one. And those people never want to be bound by giving financial advice to others. Those who will invest should definitely have a good idea about their investment. They have to make their own decisions for their own assets.
Spot on! The real pros are busy making those sweet, sweet gains for themselves instead of yapping about the market and investment opportunities to everyone else. That's playing with fire, you know? They could get roasted by the haters and kiss their reputation goodbye, even if their trades are printing dollars.
Some gurus still drop their two cents at events, and smart investors can totally soak that info up and make their own calls. At the end of the day, nobody can pull the trigger on those trades for them.
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Get financial advice from market is the best advice as per my experience.
People can know many stories about market but they can not learn from that stories but he/she learn from doing practical mistakes in markets.
As per my view market can learn us better while putting some money into markets.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
- My understanding of that matter is that there are others here who are with us who are just sharing their experiences regarding finances that they have gone through before, but they disclaim that this is not financial advice.
In which is right, we often see influencers sharing their opinions regarding finances but they always say Disclaimer: where this is not a financial advice so it seems like this is what they want to convey. Now who should be approached is probably the economists literally speaking or those who are already successful in this trading industry.
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- My understanding of that matter is that there are others here who are with us who are just sharing their experiences regarding finances that they have gone through before, but they disclaim that this is not financial advice.
In which is right, we often see influencers sharing their opinions regarding finances but they always say Disclaimer: where this is not a financial advice so it seems like this is what they want to convey. Now who should be approached is probably the economists literally speaking or those who are already successful in this trading industry.
I still believe there’s something to gain in being encouraged to tell storeys and share our experience but it should not end with that. Thus those people can share many storeys with best intentions however such strategies may not be ideal for everyone. Every option is well suited for some students but is completely unsuitable for others at the same time. This is an area where one has to be very guarded. Thus, trusting those influencers and giving your audience their word might be a very wrong decision. It is much more reasonable to get advice from people who know all the varieties and specifics of it. But more significantly you should always be allowed to make your contribution to any decision that is made.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
- My understanding of that matter is that there are others here who are with us who are just sharing their experiences regarding finances that they have gone through before, but they disclaim that this is not financial advice.
In which is right, we often see influencers sharing their opinions regarding finances but they always say Disclaimer: where this is not a financial advice so it seems like this is what they want to convey. Now who should be approached is probably the economists literally speaking or those who are already successful in this trading industry.
Maybe because the risk of investing in crypto is high, that's why they say it's not financial advice. because how they are popular people who have succeeded in their business, they don't want to make other people because of their lack of knowledge and experience in crypto follow investment and experience failure until they blame them.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
- My understanding of that matter is that there are others here who are with us who are just sharing their experiences regarding finances that they have gone through before, but they disclaim that this is not financial advice.
In which is right, we often see influencers sharing their opinions regarding finances but they always say Disclaimer: where this is not a financial advice so it seems like this is what they want to convey. Now who should be approached is probably the economists literally speaking or those who are already successful in this trading industry.
Maybe because the risk of investing in crypto is high, that's why they say it's not financial advice. because how they are popular people who have succeeded in their business, they don't want to make other people because of their lack of knowledge and experience in crypto follow investment and experience failure until they blame them.
No one will ever give financial advice to anyone. Because giving financial advice means giving that person a profit guarantee. And no crypto investment will ever give anyone a profit guarantee. When someone gives you financial advice, if you believe it, then of course you will rush to invest and after making a loss there, you will start blaming them. No one will ever take responsibility for your loss. That is why no one ever gives anyone financial advice. Many times, many people are seen giving many types of good advice, but they also mention that it is not financial advice. They say that investment is at your own risk.
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Maybe because the risk of investing in crypto is high, that's why they say it's not financial advice. because how they are popular people who have succeeded in their business, they don't want to make other people because of their lack of knowledge and experience in crypto follow investment and experience failure until they blame them.
Of course, many representatives of this world do not risk to become financial advisers because they know how large the risks are especially if one is not experienced. The crypto market is rather unpredictable and unstable and, therefore, can deceive users with fake information from different sources. I would say that those who are experienced like to be enlightening folks so that they can make right decisions rather than follow inclined decision. It is a world of speculation where they do no wish to be held so accountable when others are weighed down with significant losses due to inadequate understanding. Therefore, one may just want to prevent people from rushing into it without getting to know what they are to get into first.
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Those who are knowledgeable are not willing to give direct financial advice. Cryptocurrency is the most volatile currency, there is a possibility of gaining a lot in a short time, as well as a possibility of losing. Moreover, the advice one gives may not be the right one. And those people never want to be bound by giving financial advice to others. Those who will invest should definitely have a good idea about their investment. They have to make their own decisions for their own assets.
Spot on! The real pros are busy making those sweet, sweet gains for themselves instead of yapping about the market and investment opportunities to everyone else. That's playing with fire, you know? They could get roasted by the haters and kiss their reputation goodbye, even if their trades are printing dollars.
Some gurus still drop their two cents at events, and smart investors can totally soak that info up and make their own calls. At the end of the day, nobody can pull the trigger on those trades for them.
I have seen some traders who were convinced to go public and share some of their views/predictions/coin picks on social media. At the beginning, they did it to help but decided to create a private group on subscription. As expected, not all their market analysis were spot on and some subscribers came out bashing the 'guru'.
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Anyone can give financial advice, but we dont know whos advice will useful. If we ask rich or successful people for an advice, they dont tell nothing new than follow your goal, work hard, constantly develop, invest, dont miss opportunities. Everything that we already know. From time to time I think that if they have chance to repeat their life, with advices they give, they wont be able to repeat success. Sometimes these advices seems to work with random probability.
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Anyone can give financial advice, but we dont know whos advice will useful. If we ask rich or successful people for an advice, they dont tell nothing new than follow your goal, work hard, constantly develop, invest, dont miss opportunities. Everything that we already know. From time to time I think that if they have chance to repeat their life, with advices they give, they wont be able to repeat success. Sometimes these advices seems to work with random probability.
Anyone can give financial advice but not everyone advice can be taken, you know the crypto space is very sensitive so not everyone advice can be helpful. That’s why ”NFA” and “DYOR” is always used at the end of a financial statement. Because if the said financial advice was used and backfired, the person who made the statement would be held responsible but once NFA is stated, it’s up to those who want to take the advice.
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Anyone can give financial advice, but we dont know whos advice will useful. If we ask rich or successful people for an advice, they dont tell nothing new than follow your goal, work hard, constantly develop, invest, dont miss opportunities. Everything that we already know. From time to time I think that if they have chance to repeat their life, with advices they give, they wont be able to repeat success. Sometimes these advices seems to work with random probability.
Anyone can give financial advice but not everyone advice can be taken, you know the crypto space is very sensitive so not everyone advice can be helpful. That’s why ”NFA” and “DYOR” is always used at the end of a financial statement. Because if the said financial advice was used and backfired, the person who made the statement would be held responsible but once NFA is stated, it’s up to those who want to take the advice.
anyone can give financial advice but not everyone should
and i think we should also know that for ourselves we should be able to reflect and see if we handle our finances properly and even if we do since we are in different phases of life what works for me might not work for anyone else so giving away advices from what i know might not be that helpful to people but if you want to just put it out there then you can and it is up to the people to see if they would want to take the advice or not
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From your comment, I understood that a person should use the experience they have in stages. Now people can no longer share their experiences and advice with previous people by reading and listening. It is better to use this knowledge in stages and stay connected in the market. You need to have a goal to use your experiences.
How you make money will depend entirely on your actions. Many of us can advise you to invest in this business but to make a profit from it, you will have to work hard. Moreover, you will get advice from different experiences from people but if you want to get the chance to make a profit by investing there, you have to be skilled. In short, it is important for all of us to have a goal and we have to work hard for that, then you can earn a lot of money at one time. Laziness ruins people's lives so keep laziness away and start working hard now.
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Anyone can give financial advice, but we dont know whos advice will useful. If we ask rich or successful people for an advice, they dont tell nothing new than follow your goal, work hard, constantly develop, invest, dont miss opportunities. Everything that we already know. From time to time I think that if they have chance to repeat their life, with advices they give, they wont be able to repeat success. Sometimes these advices seems to work with random probability.
Firstly, I think it's important you try and understand the kind of financial advice the op is referring to here. I think he was talking about advise in making crypto related decisions and who we should listen to who we shouldn't listen to. That said, it's important to take advice from people who you know have succeeded in crypto to an extent and that's because they gained so much experience about crypto before they started earning from it than taking random advice from people just because you see them discussing crypto related issues. Experience of a crypto trader is best determined by the level of success he/she have achieved in the crypto market
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Anyone can give financial advice, but we dont know whos advice will useful. If we ask rich or successful people for an advice, they dont tell nothing new than follow your goal, work hard, constantly develop, invest, dont miss opportunities. Everything that we already know. From time to time I think that if they have chance to repeat their life, with advices they give, they wont be able to repeat success. Sometimes these advices seems to work with random probability.
Firstly, I think it's important you try and understand the kind of financial advice the op is referring to here. I think he was talking about advise in making crypto related decisions and who we should listen to who we shouldn't listen to. That said, it's important to take advice from people who you know have succeeded in crypto to an extent and that's because they gained so much experience about crypto before they started earning from it than taking random advice from people just because you see them discussing crypto related issues. Experience of a crypto trader is best determined by the level of success he/she have achieved in the crypto market
Anyone or all of us can give advice as long as it fits the needs of the person seeking advice. Because of course they will read or hear or watch a lot of advice, and they will also balance that to see which one will be the best advice for them.
In short, not all advice can be applied by anyone who needs financial advice, well in fact any of us can benefit from the advice we read here in this section.
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Firstly, I think it's important you try and understand the kind of financial advice the op is referring to here. I think he was talking about advise in making crypto related decisions and who we should listen to who we shouldn't listen to. That said, it's important to take advice from people who you know have succeeded in crypto to an extent and that's because they gained so much experience about crypto before they started earning from it than taking random advice from people just because you see them discussing crypto related issues. Experience of a crypto trader is best determined by the level of success he/she have achieved in the crypto market
You are right we are talking about advice for dealing with mostly confusing world of cryptocurrencies. When it comes to that it makes perfect sense to get advice from people who have actually done well with crypto.
These successful people probably learned much dealt with price of crypto going up and down and really understood how different crypto projects work before they started making money. That real world experience is super helpful and much better than just listening to random people talking about crypto especially if they have not really been through tough times in market. How much money someone has made in crypto is good way to see how much they really know and how trustworthy their advice might be.
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Anyone can give financial advice, but we dont know whos advice will useful. If we ask rich or successful people for an advice, they dont tell nothing new than follow your goal, work hard, constantly develop, invest, dont miss opportunities. Everything that we already know. From time to time I think that if they have chance to repeat their life, with advices they give, they wont be able to repeat success. Sometimes these advices seems to work with random probability.
Firstly, I think it's important you try and understand the kind of financial advice the op is referring to here. I think he was talking about advise in making crypto related decisions and who we should listen to who we shouldn't listen to. That said, it's important to take advice from people who you know have succeeded in crypto to an extent and that's because they gained so much experience about crypto before they started earning from it than taking random advice from people just because you see them discussing crypto related issues. Experience of a crypto trader is best determined by the level of success he/she have achieved in the crypto market
Anyone or all of us can give advice as long as it fits the needs of the person seeking advice. Because of course they will read or hear or watch a lot of advice, and they will also balance that to see which one will be the best advice for them.
In short, not all advice can be applied by anyone who needs financial advice, well in fact any of us can benefit from the advice we read here in this section.
what works for one person might not work for another person, crypto market are very volatile, relying solely on other people advice might limit one's own understanding. While experience and success in crypto trading can be valuable, blindly following successful traders advice might not always yeid the desire results
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I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
It is a disclaimer so that you don't put the blame on them if things go sideways. Financial advice should mostly only be given by professionals because there are some factors that they will be able to consider that a layman won't.
Refrain from giving financial advice to people without a disclaimer so you will not be blamed for any mishap.
Where the whole trouble comes up is when there is probably not as much profit expected is reached or a down trend is experienced. One thing is giving advice, while another is for the advise to be taken or what the action the person who is given advise will do with it.
If the advice is received, then there will be reasons to make research about what he/she is venturing into, otherwise, at the end of discussion, it all dies there.
Financial advise is not bad as to say, but being mindful of the person the advise is being given is what matters. Cause, if he/she is a kind of troublesome person, there will be issues in any price/market turnaround.
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what works for one person might not work for another person, crypto market are very volatile, relying solely on other people advice might limit one's own understanding. While experience and success in crypto trading can be valuable, blindly following successful traders advice might not always yeid the desire results
One thing about advice is that it doesn't necessarily mean that you should rely on those things you were advised on but instead it should only be a tool to be used on examining the things you will decide to do because let's say for example somebody advice you on the business you had in mind that they were ones a failure of that business but stated the reasons, so you cannot say because they failed you will not do the business, so instead those things they weren't doing right that made them to fail should be the areas of a serious attention.
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One thing about advice is that it doesn't necessarily mean that you should rely on those things you were advised on but instead it should only be a tool to be used on examining the things you will decide to do because let's say for example somebody advice you on the business you had in mind that they were ones a failure of that business but stated the reasons, so you cannot say because they failed you will not do the business, so instead those things they weren't doing right that made them to fail should be the areas of a serious attention.
This is applicable to all advice which is why I do not believe all should be taken literally as instruction. It is just something one has experienced and at that moment it is up to one either to listen to it or not. That is why when a person shares with you that they failed at business, it is not time to retreat but to probe deeper into what led to that outcome. Their narrative is a guide pointing on where to avoid falling, not a roadmap to indicate to where one should head to. From my perspective, it is important not to look at the fact that others have failed and do not try to follow their path at all; there may be other ways that would be more suitable for you. It is also clear that the way is to not avoid uncertainty but to progress through tested phases. Advice then, does not always have to be sought and is not the be all of an issue.
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Anyone can give financial advice, but we dont know whos advice will useful. If we ask rich or successful people for an advice, they dont tell nothing new than follow your goal, work hard, constantly develop, invest, dont miss opportunities. Everything that we already know. From time to time I think that if they have chance to repeat their life, with advices they give, they wont be able to repeat success. Sometimes these advices seems to work with random probability.
Firstly, I think it's important you try and understand the kind of financial advice the op is referring to here. I think he was talking about advise in making crypto related decisions and who we should listen to who we shouldn't listen to. That said, it's important to take advice from people who you know have succeeded in crypto to an extent and that's because they gained so much experience about crypto before they started earning from it than taking random advice from people just because you see them discussing crypto related issues. Experience of a crypto trader is best determined by the level of success he/she have achieved in the crypto market
Anyone or all of us can give advice as long as it fits the needs of the person seeking advice. Because of course they will read or hear or watch a lot of advice, and they will also balance that to see which one will be the best advice for them.
In short, not all advice can be applied by anyone who needs financial advice, well in fact any of us can benefit from the advice we read here in this section.
what works for one person might not work for another person, crypto market are very volatile, relying solely on other people advice might limit one's own understanding. While experience and success in crypto trading can be valuable, blindly following successful traders advice might not always yeid the desire results
I agree with your opinion, what makes others successful may not necessarily suit us. because a person's success depends on their ability to analyze and strategize. we need references from successful traders, but we also have to have our own analysis and strategy and we can get this by always practicing to gain experience.
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Most often i hear people say, ''not a financial advice'' especially when listening or reading market discussions on the social networks or forums. You see, some individuals who wanted to get a better ideas on trading/investments opportunity, those needed select good crypto coins, and some may want to learn market trends and patterns etc, has always been discouraging with this short phrase, ''not a financial advice''. I have thought about this habits, and want to asked if we can really get a genuine financial advice on certain social networks or on the forums. I think this situation has reduced the sharing of some good market ideas even from some experienced individuals. I thought of fear, as some of the reasons for this unwelcome habits, or may be because some experienced persons thinks that their finances advice may fail. what do you think?
- My understanding of that matter is that there are others here who are with us who are just sharing their experiences regarding finances that they have gone through before, but they disclaim that this is not financial advice.
In which is right, we often see influencers sharing their opinions regarding finances but they always say Disclaimer: where this is not a financial advice so it seems like this is what they want to convey. Now who should be approached is probably the economists literally speaking or those who are already successful in this trading industry.
I don't think it is the Field of the economists to actually give a financial advice especially on the crypto volitile market. An economist may give border advice on financial spending like on the revenue, budgets, research , collect data, advices on a business strategy and expenditures etc of a company or an organizations, he/she may not give a trading advice on the crypto market movements. There are experts on trading/investing related on cryptocurrency, and obviously not on the field of economics.
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what works for one person might not work for another person, crypto market are very volatile, relying solely on other people advice might limit one's own understanding. While experience and success in crypto trading can be valuable, blindly following successful traders advice might not always yeid the desire results
One thing about advice is that it doesn't necessarily mean that you should rely on those things you were advised on but instead it should only be a tool to be used on examining the things you will decide to do because let's say for example somebody advice you on the business you had in mind that they were ones a failure of that business but stated the reasons, so you cannot say because they failed you will not do the business, so instead those things they weren't doing right that made them to fail should be the areas of a serious attention.
You will be successful only when you manage yourself by adopting different unique strategies. When you wait for any financial advice from others, you will be completely dependent on others. And you will never be successful in your business by depending on others. No one has the right to give you financial advice. Because when you listen to someone's advice and invest somewhere, if there is a loss, he will never take the responsibility. So how can anyone give you a financial advice.
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This phrase “not financial advice” serves to prevent any error and subsequent blame that users may want to place on content creators for example
It can also be understood as: I'm teaching you, giving you the information, but the final decision is entirely yours
To be honest I undertand this, because the final decision to invest or buy something is total responsability of the person, do not follow any advice blindly
Many people follow tips without thinking :P
What is stated above, is entirely what it means to not financial advice. +1 for you, for adding or reminding us that we decision we make in crypto are on us to make, not on others to make for us because any lost investment we make, we are the one it will hit on, and nobody wants to be hold responsible of other people's crypto losses.
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Anybody can give you financial advice, but the real question is, should you be taking financial advice from just any stranger, i don't recommend that. Personally, i do not give financial advice, because i know it can come back to hurt me if things do not go as expected, and your friends can turn enemies as a result.
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Anybody can give you financial advice, but the real question is, should you be taking financial advice from just any stranger, i don't recommend that. Personally, i do not give financial advice, because i know it can come back to hurt me if things do not go as expected, and your friends can turn enemies as a result.
I always listen, but I do not always believe what I am told, especially regarding money. As we live in the world surrounded by many people, of course, you need to know how you can cut out what is useful to you. It is important to note that any recommendation made by another person without considering one’s circumstances is as helpful as suggestions gotten from the air. Specifically, friends may have good intentions at heart but the outcome is not always as planned. The most important issue that need to be understood is that every money decision made will get back to you not the person who just told it.