Definition
NFA is legal cover. The speaker isn't a licensed advisor and wants to make sure you know it before you copy their trade. It's genuinely useful on content where the creator has a position they're not disclosing.
It's also meaningless when used reflexively. 'Buy this, it's going 100x. NFA.' is still a recommendation, disclaimer or not. Treat NFA as a prompt to do your own work, not a pass to ignore the pitch.
Examples
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'100x incoming. NFA.' — that 'NFA' is doing no work at all.
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NFA, but the contract is clean and the liquidity is locked.
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Adding NFA doesn't make a paid shill not a paid shill.
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