Topic: Preparedness is better than prediction (Read 304 times)

For sure preparation is very essential in everything we do in life, be it in Investment or trading, in workplace etc, we need to first prepare before doing anything, that is knowing what to do or what you are going to do and how you are going to do or where and when, for example you are worker and your plan is to build a house because you are tired of paying rent, you can just wake and predict that by so so day, u will build a house, dat is not possible because you will first prepare urself, either by saving some money to buy land etc, likewise in Investment before becoming an investor, you will have to learn and know more about Bitcoin or about online business, that is preparation, you can't just predict or say u will be an investor without going through process so being prepare before doing anything in life saves us from a lot of damages that will make us to regret.

There's no doubt about what you have said so far and I have agreed whit what you have said so far about some lazy people that fails to prepare by saving money that they can use to buy Bitcoin when Bitcoin is low.
You know say as this our country dey hard so, some people them just they reason only their belle and not thinking about what the future have to offer if they do the right things. Well, I go fit try talk say nah just because of say the kind of money them way them they get nah only the type way them go fit use sustain them self (like packaging) and nothing more.
Hope say you dey understand my point? And you if you reason am well, you go know say the kind money way them dey use package no go fit reach to save (not even 1k per day).
Although, some people packaging money nah some people lavishing money but the truth still remains the same say, everyone must save money so that the money fan save them tomorrow (even if say them ko invest am, at least them save am), i ko really support am sha.

Dem say if you fail to plan, you plan to fail. This talk supposed clear every doubt day na to prepare naim better pass to make predictions, if person no make preparation come dey expect things or opportunity to come, if th m come come how you want take package am again when you no prepare dey Wait for am. Make I use this example, just imagine person wey wan write exam em come dey pr dict say the teacher fit set soso and soso topic, but e no come read book to take tackle those questions if e see am, of truly say na those question the teacher come set how that person wan take answer am when e nor prepare?

OP, you nailed it, prediction is an unforeseen circumstance while preparedness is being for anything or situation that may arise, as we tackling a problem when you are ready for the event will not be very difficult for the person involved, when we talk about prediction of events to come, when it happens, it does not necessarily mean that you were right, it just mean that such occurrence was meant to take place, if you are prepared any situation taking drastic measures is also good, buy bitcoin when you have the money, continues waiting might result to regret. If you understand bitcoin at every point in time there is opportunity you utilize it because such good time
May take years to reoccur.

Predictions some times bring about preparedness because if you can be able to predict what's going to happen in the future be it good or bad, it will help you to get prepared of whatever outcome that comes along in the future. If someone can be able to make predictions about what is going to happen next, it will absolutely require the person to be fully at alert and he would know the right way to channel such a situation unlike when one didn't make any predictions and they eventually run into difficulty it will be very hard to proffer solution since they never planned for an alternative.

Those waiting for the  price to dump before investing are those who just wants to buy and  hold for a very  short time before selling off, I think people like that should consider trading and not investing. I'm even very much surprised that someone is still delaying investments in BTC as of now with halving just around the corner.
You've said well OP, being prepared is good, taking action is better. Preparing for something is good, but you don't have to prepare forever,  taking action validates all your preparations and the time to take action is now before its late.

  I overheard two guys having a conversations I don’t know what they were talking about cause but one of the guys  made a phrase that caught my attention he said “preparation gives room for opportunity”  this I took in this phrase and gave it a deeper thought, he was actually right, you gotta be prepared for whatever that’s coming unless you’re not ready for it. Making out plan to do something will never be a waste of time, when you make proper plans to do something you want, you will actually accomplish something and you will be proud of what you have done. People are quick in making verbal promises but lack of preparation cost them a lot. You will see a person saying that he waiting for dump from the market, instead of him to save up so that he can get capital to enter the market, he rather gets distracted from his initial plan. And when this coins eventually goes up and become a little too late the had I known thoughts will start coming in.
 They are lot of opportunities in the crypto market all just need to exercise  patience, after all that’s all the market needs from you. How long can you wait to get a perfect entry into the market, the market is not running out of time for anyone. They’re lots of opportunities in the crypto space if Bitcoin can not make you rich they are lots of other new project that have potential that you can invest in, with just DYOR and getting the necessary knowledge of what you’re investing in. You doing your own research is also part of preparation so you can see the connections between preparation and opportunity.

I dey among investors who use d opportunity tak buy BTC wen d price dey $20k but some missed it because dey no prepare d money to buy BTC and some dat prepared d money just put deir mind on prediction hoping d price will go down more dan $20k before dey go buy and dey miss d opportunity.

Since I made up my mind to go for long hodling in BTC investment, nor of my mates will pass me wen d bull run show face because I dey use salary and signature campaign reward to load my wallet in dis season so dat wen other investors like u dey make money from deir hodling, I will also make money from my own hodling to prepare for another bear run. I dey always dey happy for other people happiness, dat is y, I dey always give advise dat will benefit other people in dis local board so dat majority of bitcoiners will b excited wey dem get some thing big from deir investment.

Having an ideal with no resource for establishment and having the resources for establishment but no knowledge on what to establish has been a keen backwardness most persons experiences in life at the willing to break through to riches.
Health is wealth and wealth is health and this matters most before chasing the financial riches. So there are certain people who are chasing to survive life first but wishes to invest in Bitcoin but just have to secure life first before treasures is counted while there are people who have the money but doesn't want to invest in Bitcoin or ta they are waiting for a desired period of time to Invest but yet they are accumulating and saving the realizing capital in the bank instead investing in the begining with what they can afford probably ca consider accumulating by purchasing more of Bitcoins as they can instead of having a liability savings with the bank.
I am sure to say that they may not know what the nearest in the Bitcoin market is all. I would also assume those inventors who has sold their coins in one way or the other ad doesn't have any or enough to have them a profitable interests would end up regretting after the bull skyrocket is activated.

To be honest, you can't prepare for what you know nothing about,  but also, knowing isn't enough, you'd have to also be ready. This reminds me of the old saying " proper preparation prevents poor performance" mostly used In the aspect of academics but also means a lot in this field also.

The bull market is on the run. Those with proper information know that prices will continue to increase from now on till probably 2025, but knowing all this would be a waste if you can't take advantage of the opportunity early enough.

Well you are partially correct but it's not just about preparation but also knowing how to execute it. Most people are prepared in this life but they don't know how to go about it and again prediction is not a  bad idea because most people have benefited or become successful with it and again you should know human being are/is always prepared but the material or item need to execute what they have prepared for is limited.
However, prediction is very nice provided it happens as been predicted and not encouraging if it doesn't.

Weti  dey worry people from. Buying bitcoin is procrastination,  that is wetin for the price of bitcoin to come down  for them to buy which sometimes it doesn't even come down just as people expect.  Most people waiting for the price to come down are not even ready to invest in bitcoin they use this as an excuse and later they start regretting for not buying bitcoin as the price is low. Nobody enters the market and do well unprepared .

Even if one makes predictions without being prepared for what will come out from their prediction then they are likely to face some problems because we predict things base on what is obtainable now with the hope that it will still continue in that nature in the future so peradventure, if it doesn't work out the way we expected and their is no preparation for it when it doesn't work the way we forecast then it may lead to failure so it is Important that as we are making speculation we also prepare for whatever outcome it turns into.

   Preparedness na the most important thing to do if you wan make or get good things for dis life, some people na mouth dem take dey read ,like Bitcoin we no suppose to dey talk too much before we invest because we know say at all at all we go make am no matter from an amount wey we start to dey invest ,imagine people wey still sit down dey look sey the price of Bitcoin go come down before dem go buy, I no see dat person say him get money to really buy and invest because person wey get money and know wetin investment for Bitcoin dey about, no dey waste time at all. Unlike person wey only dey talk, him wan dey predict weytin go happen next make I be like sey him follow for the matter.

Op prediction na one of the thing wey make you be investor, your ability to sabi the market come dey make predictions wey dey very close to wattin go happen go really help you go far this Bitcoin or crypto market. And this same prediction naim you go use take make better preparation, however the bad part na when person dey make predictions and e  come dey procrastinate without preparing, to prepare dey Wait naim be the best thing wey investors fit do before we enter any season be it bear or bull run. So in support of the op preparedness is the best, because the prediction fit go fail you any time but when you prepare they wait naim good pass, even if things turn upside down for that time so, other times no go fail you.

OP, your post is making a lot of sense and I believe say anybody wey no prepare for the upcoming bull run go regret am later as people go begin cash out wella when they are taking out their profits. For anything wey person wan do for dis life, to prepare ahead of time na him be d best thing to do and not procrastinating always.

The crypto market still dey friendly and still open to new investors wey wan put money into am ahead of the bull run. Everything wey you wan do, if you do am early na him you go enjoy am pass and go get plenty benefits wey come wit am when odas too dey benefit from am.

Some people still dey doubt btc bull how e dey be. Last bull we still get doubting Thomas and this year too we go still see those wey go dey say if I know. To avoid that kind regret, e better to still carry small money take put inside the btc so that you go still follow get the expected profit because na sure say the volatility go make sense as morning never reach btc don dey fly as we dey see am.

But na money be preparedness, some people still dey carry money flex and forget say if them invest now, at least by next year December dem fit cash out double of their investment. We need to act quick before the motor begin speed .

I directly your saying patience is necessary when investing in bitcoin. Because when it comes to preparedness you need patience to actually watch the market and while waiting you are getting prepared to enter the market at the right point in time. I actually like this method, because it is convenient and it saves you the stress of buying. Because you only buy bitcoin when your ready for it, no panick buying just relaxed and buy them when you are prepared for it.

The only potential coin to buy na bicoin. You sorpos make am clear and presise. There is always time to buy Bitcoin but where the problem dey be say the more Bitcoin dey recover em self to reach ATH the more e dey dey costlier by the day. About 3 weeks ago or 1month ago bitcoin Been dey $30 to $32 gradually we Don dey $42k that means say wo been dey protcastinate say him but Bitcoin, wetting e for buy for cheaper amount go cost pass wetting e soppos buy am.why somebody wey get 1BTC when price been dey $30k don make $12k profit. Even who invest with $300 now go don make $420 that is $120 extra so. Bitcoin investment dey important make person no delay time otherwise you dey reget as the price they imcrease.

On paper, the first paragraph may make sense in a utopia world but in reality it is not pragmatic. Waiting in the crypto space is not a viable strategy. In fact waiting may cost you more than taking small steps.

I still would pick the DCA strategy over what the OP described in his first paragraph. Better still I'll use both of them like a authentication. While you expect a dump or bear market continue with your dollar cost averaging strategy. Do not carried away by too much optimism.