Who can really give a Financial advice?

[nowak_bosch]

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 Some people go with the flow too much, and they may end up in bad situations because of it.

[Report]

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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.

[Legion]

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.

[densus88]

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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.

[Rubel007]

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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.

[Report]

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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.

[Trongduy]

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.

[sagarmota10]

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.

[Mr. Magkaisa]

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.

[Blaze]

         -      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.

[densus88]

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.

[JISAN]

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.

[Legion]

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.

[Zed0X]

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'.

[bitbit97]

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.