Who can really give a Financial advice?

[Bobcrypto]

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?

[rdluffy]

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 

[ZAINmalik75]

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.

[Findingnemo]

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.

[Faisal2202]

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.

[$crypto$]

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.

[TomPluz]

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.

[target]

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?

[Asiska02]

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.

[libert19]

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?

[yhiaali3]

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.

[Rubel007]

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.

[0t3p0t]

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 

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.

[Stompix]

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.

[rdluffy]

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