PhoenixZephyrus
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April 07, 2022, 04:37:38 AM |
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Thats pretty much my experience with advice on the internet too - specially financial advice, always comes with a disclaimer. But it just tells you that you need multiple points of research and just a single outlet of information should never be just trusted blindly. Suppose one source says something and every other source contradicts it, which advice would you actually take?
Its just a way of letting you know that you should consider other sources of information and make your own choice and they aren't responsible for any financial decisions that you make that may or may not cause you financial trouble. Because no one wants to then be responsible for possibly someone going bankrupt due to bad decisions made on their advice.
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Rockstarguy
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April 07, 2022, 12:05:33 PM |
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You maybe going through articles and videos as a research it doesn't mean all the content you went through on the articles and and videos are accurate, you make more research on what you have come across before to make sure if the information accurate. Research doesn't end with articles or videos, research is always continual process to get more prove of what you are looking for.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Franctoshi
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April 07, 2022, 03:26:16 PM |
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One language I’ve observed very often when it comes to cryptocurrency is “Do your own research” As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research” I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for m
So Now my question is: Are there specific trusted sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..
It always good to do your own research (DYOR). When it comes to anything investment , risk is a personal thing and no one wants to be hold accountable for having advise anyone to embark on any investment that involves risking of money. This is why you do your own research and take full responsibility for any outcome whether good or bad. Have it mind that there is no business investment that is 100% safe guaranteed take with the grain of salt, That's why you should stick to that and always do your own research.
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Bamjos
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Activity: 71
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April 07, 2022, 06:00:44 PM |
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I've worked up to some people to enlighten me on crytpocurrency and they were never share what they know with me, I don't know if it's right to say they were been selfish, but what I've noticed is that a lot of people do not want to share their knowledge with others in that they feel you should go and do personal research just like they did or you should pay for the knowledge they want to share, above all, I've come to understand that what we find out by ourselves seems to gather more value in our sight, I've got to read about cryptocurrency, trading etc myself and I must say that those time spent studying were rewarding and I felt fulfilled, it was same experience with other subject matter.
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BobK71
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April 08, 2022, 10:00:24 PM Last edit: April 08, 2022, 10:59:32 PM by BobK71 |
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In my opinion, if you adopt someone's strategy, you will not have any personal skills. I think you need financial advice but don't ignore your own opinion. You can take this advice from various advisors but before that you have to analyze what you need, understand with yourself. Always try to figure out how you can be successful with your own research.
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Dunamisx
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April 09, 2022, 10:18:02 PM |
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I've come across some certain people in life who appears to fake things in disguise, what you don't know you don't, and that which you do must seek for more, learning never ends, some get expose to just a tip of an ice while thinking they knew it all and failed the test of time along the process, it is very crucial to understand that learning is a continuous process, even on bitcoin we have in place some improvement programs "bitcoin improvement proposal" (BIP).
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Oceat
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April 09, 2022, 11:26:57 PM |
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In my opinion, if you adopt someone's strategy, you will not have any personal skills. I think you need financial advice but don't ignore your own opinion. You can take this advice from various advisors but before that you have to analyze what you need, understand with yourself. Always try to figure out how you can be successful with your own research.
OP just want a full guidance that's written well so that he can read and understand but it I think he's having a doubt of himself if what he would seek won't be enough for him. Of course, that won't be enough since se all have different perspective on something maybe I understand some certain topics but for you, you are having a hard time to understand it and the same goes for me if I'm in your shoe. That's why I agree what was the above said that learning is a never ending cycle you must continue to do your own research even if you see the information you need since I'm sure there's something still missing on it.
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3996
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Slimzeee (OP)
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April 16, 2022, 09:22:54 PM |
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To be frankly speaking, I bet you you will never find such website that will boldly say "This is my financial advise", do X or Y and get Z. Because one basic thing you need to understand is that everything in this life is a risk. Life itself is also a risk, because you don't know what may happen the next few seconds.
In the same context, you may find people have their own private channels which ask new comers to pay for getting their investment advice. I saw many of them in telegram/discord and closed rooms. This is another method to deceive others in a fancy way so users think it's a trusted advice as he paid for. Unfortunately, many people follow those profiles without doing any simple research either for the advice itself or to search about the credibility of the one who gave him the advice. Stay away, if someone found a way to become rich, don't expect him to share it with anybody else . I’m aware of these fairy tale financial advisors that end up swindling peoples money.. Thank you for putting this point out.
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GeorgeJohn
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April 16, 2022, 11:20:10 PM |
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Emphasising on YouTube, i will inform that YouTube channel and other online article will at least give you the pre understanding of whatever you are searching for, and when you start practicing it physically it will more easier for you to coup up than to someone who doesn't have pre - concept of it, so you should understand that information gathered online will not make you perfect because it's more of theory, so what makes people to be more perfect to anything is the practical aspect of it.. with what you gathered online and the information of the community can make you to exploit or understand more better.
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KingsDen
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Goodnight, o_e_l_e_o 🌹
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April 17, 2022, 02:02:05 PM |
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The statement that a particular content be it a YouTube video or an article is not a financial advisor is a disclaimer. It means that the content producers are not liable for any lose you will incur and neither will they share with your profit.
Besides, financial advisors charges for their services and those random videos or articles creators do not charge to offer the free services. Telling you to do your own research is a clear indication that the final judgment solely depends on you and not any third party.
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Mpamaegbu
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Once a man, twice a child!
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April 18, 2022, 02:11:36 PM |
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One language I’ve observed very often when it comes to cryptocurrency is “Do your own research” As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research”
DYOR – Do Your Own Research, is a caveat emptor and it goes to show how the adviser or writer tries to extricate themselves from any form of blame if the advice backfires. It's the same way journalists/writers use "allegedly" to evade libels or slander in their write-ups and speeches. For cryptos, DYOR is an advice inside an advice that reinforces the fact that no individual is certain where price can head to or of the rate of success any project can get. It's not surprising that people like to rely on the research of others to make and take decisions, claiming they're standing on the shoulders of giants to see far. Most times these supposed giants are even mediocres who don't actually know their onions. Invariably, it should be nice for everyone to do their own research by themselves before embarking on any form of investment.
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nurilham
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April 18, 2022, 03:24:35 PM |
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Doing our own research will indeed be more suitable and easy to understand because we do research independently based on our goals and our skills. following other people's strategies that don't necessarily match ours will only make us confused, therefore we must be able to do our own research so that we know more or less what. to start here, whether it's trading or investing, my advice is to start with small capital first, do research independently with market understanding, learn from mistakes that have been made so that you can do better in the future. all that needs to be done so that we know what to do and what suits us, whether from a strategic perspective or otherwise.
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Gosgosking
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April 18, 2022, 10:20:31 PM |
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You are not different from the people who are experts they are human like you. They did research to give you the information which you get from them and the information may not be true, research can be done by you too for you to get genuine knowledge than to only take false information from others.
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Munir575
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April 18, 2022, 10:59:15 PM |
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One language I’ve observed very often when it comes to cryptocurrency is “Do your own research” As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research” I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me
I know that YouTube has a lot of content but we can all admit at times the YouTubers don’t hit the nail on the head, some are paid contents, And we still get “This is not a financial advise, Do your own research” Hello Mr. Youtuber, This was supposed to be my research for crying out loud
So Now my question is: Are there specific trusted sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..
Doing your own research should lead you near your answer after going through few articles, they feed you with important tips and point that can help you on your way so its left for you to gather all the information you find useful and apply them.
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Slimzeee (OP)
Jr. Member
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April 23, 2022, 02:16:09 AM |
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You are not different from the people who are experts they are human like you. They did research to give you the information which you get from them and the information may not be true, research can be done by you too for you to get genuine knowledge than to only take false information from others.
Yes of course they’re not different.. I know One first of all have to gather all possible knowledge and information one can lay hands on. My concern was how am i to gather information if the people I’m to gather from do not trust the information they’re ditching out. I mean cannot confidently say this works and this doesn’t. I get the whole point though. Scalp here and there and make facts for oneself.
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Alisha-k
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April 23, 2022, 07:12:44 AM |
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Most YouTubers are the worst financial analyst you can ever depend on to make any investment decision. Doing your own research is different from waiting for signal from influencers. It simply means knowing the intention of the developer, what the project has to offer to the economy, it's market capitalization, it's ATH, ATL and the rate at which if keeps rising and falling. You can also add the content of the white paper to your research tool
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nakamura12
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April 23, 2022, 06:01:12 PM |
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Since you read that many times then do the opposite of that. Try to invest in any cryptocurrency you may find interesting without doing research and see what happen. My guess is that you will get scammed or lose the current value of what you have invested or anything that you do. That's why it is common for people to say that you should do your own research to avoid what you should be avoiding like getting scammed or non-profit trading nor investing.
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Shamm
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April 23, 2022, 09:59:28 PM |
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For my opinion In investment, all the decision is all yours so you need to do your own research and read all the important thing in investment, and if you are done with that you can start investing but not just big about any try to regular or a good amount for you to invest and observe the site that you are investing cause some sites are fake and lead you to scam and to prevent that observe and study is the best way.
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MidNite36
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Activity: 208
Merit: 10
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April 24, 2022, 06:24:24 PM |
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Even after understanding how the whole market works it can still go against you, this shows that everything in this world is risky, if you dont take a risk you are at risk of not making it, if you take risk you are at risk of not getting anything in return and also getting something in return, the worst one is not doing anything, do your own research and choose your own risk.
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TheNineClub
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April 24, 2022, 08:34:58 PM |
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One language I’ve observed very often when it comes to cryptocurrency is “Do your own research” As a matter of fact, some person might want to advise you on trading coins then at the end of the day it comes down to “I’m not a financial advisor so do you own research” I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me
I know that YouTube has a lot of content but we can all admit at times the YouTubers don’t hit the nail on the head, some are paid contents, And we still get “This is not a financial advise, Do your own research” Hello Mr. Youtuber, This was supposed to be my research for crying out loud
So Now my question is: Are there specific trusted sites that can narrow down ones knowledge on investing in cryptocurrency and can boldly say “This is a financial advise” because there are so many contents out there and some of them are contradictory..
Short answer, No. Because predictions in the economy is near impossible to predict and people just don't whant the responibility. But I get you, watching that video was the damn reserch XD the thing is, the topics are extremly complex and therefore people that fo give out financial advice usually only did some of the reserch and are presenting it from one point, but it wouldn't be possible to do all of the reserch and that's why that advice is never actual advice.
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