Topic: Does this Qualifies you to give non-professional or semi-professional financial (Read 305 times)

We often concentrate too much on the results and not on the process itself, if your friend achieved this without taking any massive risk or using leverage then he is a real expert.

However there are many traders out there which have achieved similar results by taking massive risks, and as soon as the market does not do what they predicted they lose everything, so when it comes to those traders we can safely conclude they were never experts, they simply gave the appearance that was the case, but when challenged by the markets they showed who they truly were.

You cant make yourself that getting imprisoned just because you had made someone invest into Bitcoin or in crypto, there's no such law or whatever legal thing that would connect out specially if its done verbally.
It is really just that it cant really be avoided that to those people whom you had introduced crypto space do ends up on losing money will really be having that kind of bad impressions and views towards you
but in speaking about having those legal related actions? It cant be just possible that you would be getting imprisoned into it, this is why they cant do such thing not unless if  they would really be making some actions
which it might really be putting up yourself in danger if these people would really be trying out on making some actions. This is why its never been that recommended that you are making yourself looking like a pro
but it its not.

When it comes to sharing information then it wont matter for you to be professional or not, as long you do know the basic principles on how it do works and how you should make use of it.
There are people who are really that minding on sharing up informations into those people who dont they know on which it is really that normal approach.
Its would really be still up to you on how you would really be able to share up those things without misleading them because this is where usually people do mess
up sometimes because of lacking knowledge.

I have seen some people here accounts registeree on 2014, 2013, 2012 and when you see them interact about bitcoin discussion, you will be ashamed of them but then again, I don't blame them because not everyone has current affairs of bitcoin and always stays updated with the trend surrounding bitcoin. If you asked some people about the all time high of bitcoin in 2016, they will tell you and tell you exactly why we had a price reversal in that price. We have them that can tell you everything but I think because bitcoin is a speculative assets, your opinion might not satisfy who you are giving an advice or financial advise.

However, I hope you know that in crypto, you are not allowed to give a financial advice to anyone unless you are register as one. Giving a financial advice when you are not a satisfied person will only land you in jail and because bitcoin investment is always risky, people don't like to give bitcoin advice because it can escalate in the wrong direction and your client might not be happy about it, stay safe when you give people advice buddy.

I highly doubt that, I have been able to hold bitcoin all through this bear period for example, and I do not see myself an expert at all, a friend of mine made 3x more money during the same time, by investing into things like optimism or ARB, and he is the real expert, I would not be able to know what to do, I made just a bit more, my DCA was at around 40k, and I kept on buying to drop it, it was 55k when I first started, by buying more and more when it's low, I dropped the average to 40k, and now I am in profit, but barely, whereas he 3x his money.

Just be able to hold is simple, to me at least, and people who fail to do that confuses me because I did absolutely nothing, I just held and waited for it to go up, it's that simple.

Every crypto users has different experiences on the crypto space. This can results in inconsistency on advises among old member but most of the advises that is fact would be similar. Trend changes, this opens new experience even to the oldest crypto users. Sure, crypto users who has many years of experience had learned most of the fundamentals of crypto but this doesn't mean that they know it all or right about all things on crypto. They have an edge but people should always do their own research.

I personally give advices on people that I know learned the fundamentals of crypto but it is not surprising that I can learn from them from time to time, mostly with the new crypto trends.

Yes definitely, having 15 years of experience is a lot and must have taught you many things, even if you were more holding bitcoin than actually trading bitcoins. The question is what you are exactly looking for to give advice about. Are you just trying to help friends and family with their crypto adventures? Or are you looking for a professional setup where you are advicing clients for money? As for friends and family you can just be honest with them, tell them about your journey and successful you were, but make sure to clarify that the future of Bitcoin is not going to look like the early days. In a professional setting it's a bit different, because you want clients to be as optimistic as possible so that they follow your trading suggestion. It's fine to share your success stories and how well you have been doing for many years. But we need to be careful and not share all our information immediately, you are looking for long term clients that will let you earn a commission over a long period of time. If you give away everything at the beginning there is no reason to come back to you.

Yes as a non professional and it's solely based on what I experienced. Anyone can give their advice to others as long as it's based on their experience and knowledge about Bitcoin. IMO, you don't have to be licensed when giving an advice, it's even more accurate because you experience it yourself and has a deep knowledge about it.

We might not be licensed to do so (the reason why people should not take it as a financial advice) but it is sharing experience so others will learn from what we go through.

Almost all the things you made mentioned are strange to me because ni registered my account in the month of April 2022 and the events I have experienced are the collapsed of Terra  Luna and the collapsed of the FTX which made Bitcoin to come down drastically to the rate of $16,000 in the year 2022. And also without wasting of time to answer your question, then I will say Yes. It is possible for some to acquire or experienced those events and yet give ill advise because probably he was not given too much attention on those things and was just enjoying the happing at the time.

But the matter what he would still have something to say about those events.

Non-professional or professional, it wont matter because recommending or telling someone about Bitcoin, you wont really be needing to make yourself having those kind of standing or having those status
because it would really be that best that people would really be the ones who would really be recognizing about into those things you have known or shared up or your real experience.
Thing here is that you do really know into yourself that you've experienced those things that not all had been able to do so. You would be keeping into yourself and if there would be someone who would
gonna asked then its not really that bad to consider on explaining those things.

It would be on someones personal choice on what are the things that you would gonna do.Whats important that making those recognition and explaination into those people
who are interested on which it could somehow do really help us out in terms of potential additional recognition and adoption.

Short answer, Yes. Long answer: Anyone that has been in the community, space and market for that long time and participated actively (not just a passive user), then they have a thing or two up their sleeves based on their experiences. But it's very important to highlight that such advices is only made based on sheer amount of experiences and nothing to do with qualifications or certification. Whoever is on the other end of the advice should be presented with a disclaimer.

No one can guarantee you profits and what's wrong with most of the people nowadays is that they're believing the influencers.

Before there were not that much of them and everyone is on their one. Their mistake, their regret and their profit, their greatness. But people today likes to get spoonfed and that's what they think of this market.

There's not that different in other market but just about the variety, the availability and the volatility that it possesses.

That would be a better approach even if you have more than a decade of experience in this market.
Because up until now, even if you have long years of experience, you can't guarantee that you will get profits from your decision.
You can give a non-pro piece of advice if they asked you to, but would be better if not asked.
Because in case something goes awry with the investment of that person, they can take it against you.
So yes, always say a disclaimer if someone happens to consult your advice regarding this market.

I think one that is able to hodl bitcoin well without fear of serious dip in the market can be considered as an expert and also can give advice to people who are coming up, who find hodling Bitcoin very difficult . But people who have never been able to make good investment in bitcoin that can be called a successful one have no right to give advice to other people,  because if you must give advice to people their must be something the person have to show up that their advice have also work for them before now. People must lead by example from their own good advice before trying to give other people advice too.

Bitcoin is always best to invest it when it is long-term because bitcoin is very volatile that can't make someone to be rich quick. Even one doest not have huge amount of money to invest bitcoin,  one can still invest in bitcoin by accumulating with the amount one can afford to lose.

It's fine to say how the run have been based on my experience but I'll always add the disclaimer that it has no assurance if I'm telling positive things and prices.

I'll always quote that "it's based on my experience" so that's not going to lead people into thinking that even with experience, we're claiming that we're not professionals but just some random guy that have been through thick and thin on this market.

I think that without being too technical in analyzing Bitcoin, that I can give advice, atleast regarding it's investment, the basic thing is be informed about the best time to buy, which is when there's price dip, during bear run, begin to accumulate till bull run and decide to sale or keep holding. So it's to follow the fundamental analysis and understand the market trends, being an investor in Bitcoin is not that complex, especially if the person is holding on a long term.

I wouldn't go near giving Bitcoin or any altcoin professional trading advice to anybody, because I'm yet to aquire enough knowledge about their analysis, whatever advice that I can give based on my knowledge so far, I'd have to tell the person to carry out their own research before deciding to make any trading decisions.

    Being an expert is not based on length of experience in the field of this business industry. Because a lot of people have been here for a long time, their knowledge of the ins and outs of the crypto industry is still not extensive.

    But there are others who, even if they have only been in this industry for a few months, have a very broad knowledge of the crypto business, from trading to everything about Bitcoin or cryptocurrency-related discussions.

I don't have 15yrs experience in bitcoin but I think that with the little experience that I have for two years now, I can give someone a semiprofessional advice on how to start his bitcoin journey. For one to get started is not something that needs a lot of 15yrs experience, the important thing is to know when it will be bear and when it will be bull and these are within one circle. This is why when one want to invest in bitcoin, he should have a long term investment plan and have his emergency funds prepared so that during the time that he is accumulating using DCA strategy either buying weekly or monthly, he will not be forced to sell his bitcoin when it is not of his will. Investing in bitcoin is like every other business that takes time before you can reap the profit and patience with sacrifice is the key to long term investment. However, it is the person choice to invest. Using a self custody wallet and keeping your bitcoin safe is also important for a long term holder.

I can advise individuals starting to invest in Bitcoin. But everything will depend on each person because it is their final decision. If they are not interested in Bitcoin, they will not invest in Bitcoin even if the price increases.

However, if they are interested in Bitcoin and can research the benefits they can get, they will immediately invest in Bitcoin. They will also look for ways that are easy for them. In investing in Bitcoin, there is no pressure on someone to want to join. Only with the awareness to accept new things can a person realize that there are opportunities that can provide benefits in the future.

People who have been following Bitcoin's journey for several years but have not yet invested in Bitcoin can see that Bitcoin really provides great benefits for many people. This is why people who have researched Bitcoin might use it to start investing in it.

Professionals are distinguished because they have had access to information that you do not have. We by being members of this forum have access to a wealth of information about bitcoins that I feel that after being there for a very long time, you can give someone brand new to bitcoins a semi professional advice about investing and keeping their bitcoins safe. These advice may not be completely professional,  but it will be a better advice than the advice from someone who is not member of this forum.

I think it does, especially when you keep it for a very long time already. Not all can do that and during those period, I'm sure that you already read a lot of Bitcoin information. As for winning the lottery. I heard there are mathematicians who can defy the odds and often win on it. If you handle your winnings well, this is also impressive and shows you might have a good knowledge on finance.

Those advice seekers are lucky if they receive a false advice in the forum because someone can still correct it. This is also why doing a research about the advice we seek is important so that we will know the truth about it. Long term investment or short-term, both are the same risky if you don't know much about it.