Does this Qualifies you to give non-professional or semi-professional financial

[alastantiger]

My question is quite simple and straightforward. If you have been holding and investing in Bitcoin for the past 15 years you have experienced several bull and bear markets. You witnessed the Bitcoin halving events in 2012, 2016, and 2020, as well as the unfortunate incident of Mt. Gox declaring bankruptcy in 2014 after losing approximately 850,000 bitcoins in a hacking incident. And you were part of the debates within the Bitcoin community regarding the scaling of the network to accommodate a growing number of transactions. You also observed Bitcoin reaching an all-time high of nearly $20,000 in 2017 and the significant institutional adoption that occurred from 2020 to 2021, with companies like MicroStrategy, Tesla, and others . Also you saw El Salvador becoming the first country to officially adopt Bitcoin as legal tender in September 2021. With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

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[dzungmobile]

With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

I am not here too long and I does not have 15 year experience.

I only can say the most important thing for anyone who has bitcoin is

"Not your keys, not your bitcoins".

You listed Mt.Gox, it is one lesson of losing bitcoin on that exchange. In 2022, some more lessons from Terra, FTX, Voyager, Celcius, Three Arrow Capital.

Reminder from theymos

Invest means you will have to take profit.
See JJG's sustainable withdrawal strategy

[Mpamaegbu]

With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

Yes, with the utmost sense of humility, I think I can unarguably pass as a semi-professional financial advisor on Bitcoin (cryptos) matters to people. Even as a TA person, one can still have an idea (may not actually end up going there, anyway) where price could be going as it's mostly affected by fundamentals/news. Right now, it's safe to say that what's driving Bitcoin is fundamentals, given to the halving air which are somehow subject to quicken what TA could be showing.

I've witnessed just two circles – 2017 and 2021. With just those two, I'm confident that what happened in those two will repeat itself in 2025. Thus, I've been advising anyone who cares to listen to get in before halving that's around three months from now. Don't wait for halving to happen before going in. Buy and hodl till after halving.

[alastantiger]

Yes, with the utmost sense of humility, I think I can unarguably pass as a semi-professional financial advisor on Bitcoin (cryptos) matters to people. Even as a TA person, one can still have an idea (may not actually end up going there, anyway) where price could be going as it's mostly affected by fundamentals/news. Right now, it's safe to say that what's driving Bitcoin is fundamentals, given to the halving air which are somehow subject to quicken what TA could be showing.

This is what I thought too but then I am usually highly selective of people who I give these type of semi-professional advice to. Once I perceive that the individual is liberal, has an open mind and is receptive to learning, I do so unreservedly. But if the individual is one of those conservatives , that is hard of learning and wants nothing more than prove to me that they have a better financial knowledge and experience than myself, I withdrawal from giving any advice.

[Mpamaegbu]

~snipped~

Once I perceive that the individual is liberal, has an open mind and is receptive to learning, I do so unreservedly.

That's the commonsensical thing to do, of course. You can only take a horse to the stream but you can't make it to drink water from it. I've had a few people that I introduced to this industry but only a few of them remained resolute in their pursuit of learning. Those who are still foot dragging to invest in Bitcoin as we approach a bull rally, undoubtedly will have sad stories to tell once this bull starts.

[tjtonmoy]

With 15 years of experience, they can surely provide non-professional or semi-professional financial advice to others. They can even give professional advice too if they are that deeply involved with Bitcoin. But the thing is, they prefer not to do it if they haven't chosen it as a profession. The crypto market is very risky and uncertain. No one knows for sure what it might do in the next few hours. So giving advice to the mass people could lead to a very nasty situation if things don't work out the way it was predicted.

You can give the best suggestion or advice that you possibly can and you have the trust that it will work out in the end. But how many of the people you gave the advice will stick to the strategy till the end?

I think this is why even after having all this knowledge, they don't come forward to teach people.

[Yamane_Keto]

keeping Bitcoin does not make you an expert in Bitcoin. Just like winning the lottery, it does not make you a person with deep knowledge of money or you can start a successful project, unlike someone starting to build his wealth from scratch. Do not provide advice on a topic if you do not understand its dimensions, especially if it is investment advice to someone who may lose his savings because of your advice. Bitcoin as an investment is a high-risk investment, and without realizing the dimensions associated with it, it is better for it to be a long-term investment and not to expect to be rich just by investing a small amount.

[Poker Player]

It seems to me to be mixing apples and pears. Someone who bought or rather got Bitcoin in 2009 and has held to this day will be loaded, and probably knows a lot because he has been informed during this time, but what happens in the next 15 years looks like it will be different from what happened in the last 15, and giving financial advice takes more than just being a holder.

[mk4]

With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

Pretty simple. Since I'm technically not a licensed professional financial advisor, every single "advice" I say should be considered non-professional financial advice; regardless of how good/bad my advice is.

[wxa7115]

My question is quite simple and straightforward. If you have been holding and investing in Bitcoin for the past 15 years you have experienced several bull and bear markets. You witnessed the Bitcoin halving events in 2012, 2016, and 2020, as well as the unfortunate incident of Mt. Gox declaring bankruptcy in 2014 after losing approximately 850,000 bitcoins in a hacking incident. And you were part of the debates within the Bitcoin community regarding the scaling of the network to accommodate a growing number of transactions. You also observed Bitcoin reaching an all-time high of nearly $20,000 in 2017 and the significant institutional adoption that occurred from 2020 to 2021, with companies like MicroStrategy, Tesla, and others . Also you saw El Salvador becoming the first country to officially adopt Bitcoin as legal tender in September 2021. With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

Depending on the laws in your country, regardless of the experience you may have if you do not have the necessary license to give financial advice then all you can give is non-professional advice to others, and you may even be liable to be sued if someone were to lose money while following your advice.

Besides such person will have significant experience when it comes to this market, but their experience and knowledge when it comes to other markets could be severely limited, and they should not give any financial advice when it comes to those markets.

[hugeblack]

There is a bad rule among many people, which is that if a person is rich, has a  Ph. D. degree, or holds a political position, then the advice he gives is important and is taken as advice. Even someone who has a  Ph. D. degree in engineering may have zero knowledge of trading, which is the same as consulting an orthopedic surgeon about the law, and therefore Just holding Bitcoin or being rich from Bitcoin does not make you a financial professional and give advice. The best advice you can teach someone today is how to verify the validity of information and verify the quality of sources. Once they have this skill, learning is not difficult, as educational resources are available to everyone.

[Adbitco]

Why not?
How long would you want to spend here before giving someone a financial advise? Do you want to spend 50 years and more before you can start talking and leading people to the right part in their bitcoin investment journey?

Then we talks about people not investing in altcoin and even if they must invest it should be that they invested in a reputable altcoin, at this point it's also a financial advise because you have actually witnessed the bad side of altcoin that was why you had this basic edge to be able to guide and direct people on the kind of investment they should venture into. Like for instance, you see people over here especially those reputable users talking about bitcoin investment do you think they didn't know that it was the best investment?

[naira]

It depends on the person whether every phenomenon he experiences makes him able to become a careful investor and learn from every mistake. Because it is not  guaranteed how long it will take to observe the Bitcoin cycle  if the person has no interest or is even  reluctant to delve deeper into the benefits of Bitcoin, then they will not be able to become semi-investment advisors. Moreover when  personally receiving financial advice, the person providing the advice is judged based on how successful he or she currently is. For example, being able to improve economic life for the better. Out put like that can be a reference that the  process that has been passed provides advice to the  next generation to take the wisdom learning and advice given.

[yudi09]

-snip- With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

Do not feel qualified to provide financial advice to others. For myself, it was enough even though I didn't really follow developments when I first registered for the forum because I was tempted by alternative cryptocurrencies.

Providing financial advice to other people who come asking for it might be enough for a semi-professional, because I have experienced various incidents, even though the obstacles that exist for me in giving semi-professional advice, namely the way I convey it to them. My appearance also does not reflect someone who has been in the world of cryptocurrencies for a long time.

[Strongkored]

With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

I don't think so, and if I did, of course, I would be aware of all the risks involved and say it all because even though we see that Bitcoin repeats its four-year cycle several times, no one can guarantee that it will continue to happen in the long term, which will continue and continue to happen because maybe there will be changes in the future, but if someone does, perhaps he has gone through an analysis with the available data so that his suggestions can be justified.

[el kaka22]

I do not think that anything prevents you from giving non-professional advice, even if you joined yesterday. People are thinking way too much on what a non-professional advice is, me saying to you right now "buy bitcoin" is a non-professional "advice", I told you to buy bitcoin, is that an advice? Yes, is that a non-professional one? Yes, here you go, you have no idea if I joined 15 years ago, or if I joined yesterday, or even this morning, and yet I have given that advice, there is nothing you can do to prevent me from doing that, it's given.

So do not overthink it, if you do charge money for your advice, that is where it all comes to, and it is not about time but what you have achieved, someone who got in and made a ton of money in a year is more worthy of it than someone who has been around for 15 years and made nothing.

[fullhdpixel]

keeping Bitcoin does not make you an expert in Bitcoin. Just like winning the lottery, it does not make you a person with deep knowledge of money or you can start a successful project, unlike someone starting to build his wealth from scratch. Do not provide advice on a topic if you do not understand its dimensions, especially if it is investment advice to someone who may lose his savings because of your advice. Bitcoin as an investment is a high-risk investment, and without realizing the dimensions associated with it, it is better for it to be a long-term investment and not to expect to be rich just by investing a small amount.

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.

[Stepstowealth]

With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

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.

[michellee]

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.

[Sim_card]

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.