Who can really give a Financial advice?

[Z-crypt]

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.

[bitterguy28]

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

[albon]

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.

[rby]

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

[gunhell16]

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.

[Themepen]

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.

[Amug123]

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

[Stuart]

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.

[Roseline492]

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.

[Blaze]

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.

[doc]

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.

[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?

         -      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.

[JISAN]

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.

[JoyMarsha]

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 

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.

[Z-tight]

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.