Who can really give a Financial advice?

[Celsius]

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.

[erus]

~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.

[bitterguy28]

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

[LUCKMCFLY]

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.

[milewilda]

~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.

[Bobcrypto]

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.

[Zed0X]

I recently watched a short video about an AI doing trading. I'm not gonna mention the name to avoid any non-sponsored shilling 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.

[erus]

~snip~

~snip~

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.

[Vx1]

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.

[Agbe]

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

[philipma1957]

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.

[rizqillah]

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.

[kai]

....
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.

[Celsius]

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.

[New Ranger]

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.