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Showing 20 of 1,436 results by Tungbulu
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Board Bitcoin Discussion
Re: Is Bitcoin Solving inequality?
by
Tungbulu
on 08/09/2025, 13:32:59 UTC
I believe the  core principles of Bitcoin is Decentralized, Anonymity and privacy. But equality? I don't see how Bitcoin can give people equality. Assuming there was actually a limited number of Bitcoin to which a particular individual can/should buy and everyone has an equal amount of Bitcoin they can purchase, then we can assume  that no one can be able to exceed a the number of Bitcoin that they can buy and thus ensuring equality, but we that's not the case here. There's no way everyone can be equal as it concerns finance, and that's not what Bitcoin is here to do.
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Topic
Board Gambling discussion
Re: Team's Failure, who is Responsible?
by
Tungbulu
on 08/09/2025, 12:21:55 UTC

This could be correct if the second team wont listen to their coach, and your team does so you win in the end. Both teams listen to what coach say, both teams have prepared tactics for the game, both have players have same two legs, to hands, however in the end only one team wins. Which means listening to coach isnt the only reason why team can win or lose. I would say that team where players are more skilled and play together as team wins, because there are numerous examples where team listen to the coach, team has talented individuals, and still lose.

First of all, I never said the only reason why teams fail is because they fail to listen to the coach, I literally just pointed that out as one of the good reasons.

Secondly, a team's success isn't determined by just their performance in a single game, the fact a team losses a game doesn't mean they're failures, besides I don't think there is any team that hasn't lost a game, regardless of how skillful their players are

Thirdly, inasmuch as a player's skills is an advantage to the team, I'd the coach doesn't know how to use that player, those skills might just be as good as useless to the team. Ever asked why some outstanding and skillful players leaves their team/club and gets transfered to another club and instead of living up to their performance in the previous club, they end up turning into flops in the new team, you think that's mere coincidence or maybe he suddenly lost his skills.
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Topic
Board Politics and society (Naija)
Re: Compounded accumulation is no longer an amount we can afford to lose
by
Tungbulu
on 08/09/2025, 11:47:51 UTC

The compounded Bitcoin in your portfolio becomes an amount you no longer want to lose. This is where you need to take extreme caution to not lose your investment by greed.

What is your take on this?
The only thing at this point that could pace a threat to your investment is financial emergencies. I believe before you must've already had some sort of financial cushion in place before hitting this milestone because there's no way that one could hold for that long without being challenged by an emergency that'd require immediate financial attention and without the presence of a financial cushion, the only option would either be to take loans or to turn to your investment for financial assistance, which both would potentially pose a threat to the growth of your investment. So if you've got a financial cushion and you've safety stored your investment, then you've got absolutely nothing to worry about.
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Topic
Board Gambling discussion
Re: Team's Failure, who is Responsible?
by
Tungbulu
on 08/09/2025, 09:54:57 UTC
You're right about the fact that both the player's and the couch plays a vital role towards ensuring the success of a team. And what most people do not understand is the fact that these two needs to work together, the player's needs to really submit to the leadership of the coach in order to for them to deliver effectively the coach's plans and strategies. It doesn't matter how good a player is, if he's not always following the scripts written by the coach, there'll always be a problem, it's just like a game of chess, while the Queen is the most flexible piece, it'll still depend on the expertise of the player before the Queen's potentials can be really onfolded. and same thing goes with the coach, it doesn't matter how strategic the coach is, if he can't get the player's to dance to his tune, the team will definitely fail.
So in a case where a team is failing, sometimes it could be a case where the players are no completely listening to the coach or a case where the coach isn't strategic enough. So sometimes it could be the fault of the player's and sometimes it's the coach, depending on the reason for the failure.
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Topic
Board Gambling discussion
Re: Is Gambling Affect Education/Studies?
by
Tungbulu
on 08/09/2025, 05:56:54 UTC
Students are not the wealthiest clients for casinos. They have bigger spenders than students. Poor people and students are some of the vulnerable clients gambling companies want to keep because they make up parts of their profits.

Students are vulnerable clients? I am not sure that they even gamble that much as people say. Maybe they gamble frequently, but they are not the biggest spenders. How much can they lose? Lunch money? They will quickly run out of them and they will have to stop or pause gambling until tomorrow. And, as they have still too much to explore in this world, I dont think that returning to gambling is their goal for tomorrow.
Well those students who are in higher institutions have way more to lose than just their lunch money mate. They might not be spending as much as most of the regular gamblers but the fact still remains they're still very vulnerable. Should they get addicted to gambling, a student could even end up using his tuition fees to gamble with high hopes of multiplying it. Sometimes I don't actually blame some students who actually turn to gambling, because some of them end up exhausting money for their upkeep earlier than they're supposed to but still have other financial needs left, and since not every students has the luxury of working while studying, they turn to gambling.
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Board Gambling discussion
Re: If you were a sports journalist...
by
Tungbulu
on 08/09/2025, 05:12:50 UTC
I believe one of the job rules would be not to indulge in gambling just like as it is with the athletes or footballers, because those folks would be exposed to a lot of information, even those that are too delicate and are not expected of them to publicise them, and I believe if they make use of those information on gambling, it might turn out to be a cheat.
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Board Gambling discussion
Re: My opinion on when bets should increase
by
Tungbulu
on 07/09/2025, 13:07:48 UTC
Bet adjustment is actually about the management of risk and emotions. Pursuing after losses through bets increase can be potential danger, because a single wrong turn can erase you. Increasing after a win may feel safe, if you will be betting with the profit, yet it can as well backfire when the streak stop abruptly. From my view, I will prefer staying with consistent bets with slight adjustment, because stability provides better chances of lasting longer to avoid tilt. The concern is securing your bankroll at first, not going after fast swings.
When I win in one game, I often move on to another game. Because if I stay in the same game, especially if I increase my bet, the risk is that my balance could be drained again. This is also often related to RTP, where a win can cause the RTP to drop.
If that is so, then doesn't that mean that the you would still stand more chances of losses even when you switch to a different game (which i believe is still the case) because even when you switch to a different game, there are still others who were playing and still playing that game before you, and the chances of those people to win are high which means that the wins of those people would still drop the RTP making you still vulnerable or exposed to the same risks of losses.
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Board Speculation
Re: Buy the DIP, and HODL!
by
Tungbulu
on 07/09/2025, 11:14:08 UTC
You seem to think that discretionary income and emergency funds are widely different, you emergency funds comes from your discretionary income the same way your investment comes from it as well, discretionary income isn't necessarily meant only for investment, the amount of discretionary income you decide to use to invest depends on how aggressively you want to buy bitcoin and after investing you can always put what's left from your discretionary income into your emergency funds, this is because an emergency fund isn't a part of your daily, weekly or monthly necessity, so you can only save for emergencies after you have taken care of what's necessary and once you have taken care of what's necessary you are left with your discretionary income which you then split between investing in bitcoin and saving up for emergency. Also, you don't save up for emergency indefinitely, after saving up for a few months worth of emergency funds you can decide to put the rest of your discretionary income into building up your portfolio and you can rise from investing on a medium level to becoming an aggressive investor, you should know that buying aggressively doesn't necessarily depend on how big your investment is compared to what others are investing but how big your investment is compared to your total discretionary income so the more of your discretionary income you invest in bitcoin the more aggressively you are buying bitcoin.
Your comment about not saving for an indefinite period for emergency funds basically implies that emergency funds should be limited in amount, which is correct. However, there should be a clear goal for emergency funds. So that it is understood that saving for how many months of expenses will be enough for you. If the emergency fund runs out in an emergency, you can get stressed. There are many who are  suffer from complacency by keeping a small amount of emergency funds, which is dangerous. On the other hand, there are many new investors who do not consider the need for an emergency fund. This is understood only when the fund runs out and you are really at risk. You need to have a cash flow plan for at least 3 to 6 months or 12 to 18 months. Or you can set a threshold for an emergency fund by determining your safety margin. However, I believe that being financially secure is essential if we want to succeed in our investments.

Part of the reason that we may tend to not want to keep various back up funds in cash for more than 3 to 6 months of our expenses is because cash tends to lose its value, and the more of it you are holding the more your value is being eroded away.. yet when you are brand new to investing, and you don't have much net worth or many assets or much cash, you likely have to build at least a minimum buffer from your investments in cash.  

The longer that you are investing, the more likely you are building up more and more wealth and you are not necessarily wanting to keep very much of it in cash, yet if you don't have any other income, then you might keep more in cash, versus if you have income, then you don't need to keep as much in cash, and even various investments that you have may well serve as back ups to your cash, so you might have an order in which you might cash out of various investments some are more liquid than others and some are more volatile than others, and if you have been investing for 10-15 years or longer, you might have assets besides just bitcoin and cash, perhaps.  It is not necessary to do so, yet I believe that once your bitcoin is getting close to 1 year of your expenses or even more than 1 year of your expenses, you have the option to consider the extent to which you might want to have value in other assets such as stocks, bonds, property, commodities, cash/cash equivalents.

Some people come to bitcoin and they already have other investments and they will be left with a choice whether to continue to contribute to their other investment while adding bitcoin or to focus on bitcoin alone or maybe even to cash out of some of their other investments and put some or all of that value into bitcoin.  Those are not bad problems to have, yet part of the choice will have to do with assessing the other investments in terms of their liquidiy, their volatility and their likelihood to increase  or decrease in value with the passage of time.  Presumptively we are mostly focusing on bitcoin based on our thougts/speculation that it is going to hold its value and/or potentially appreciate in value more than other assets and/or currencies.
This was indeed an educative response as I have grabbed some solid points which you have elaborated on, and i can i say that i completely agree with the way you laid out those points. Cash does indeed serve its own purpose, especially when folks are still relatively in their early stages of building their financial base. When folks have that initial buffer of around 3-6 months' worth of expenses, it gives them that financial security, peace of mind and also literally protect them from tapping into their investment, should incase financial needs that requires their immediate attention arises in subsequent time. But just as you have rightly stated, that doesn't in any way mean that cash or fiat is an ideal way to store one's value for the long term because inflation can easily and slowly make make the value of your wealth fade away overtime.

The best part about investing in Bitcoin is that, the more one continues investing and growing their Bitcoin portfolio, the lesser they rely on Fiat or cash as a safety net. At this point, rather than cash, folks will now rely more of their other income streams, their diversified investment and even the growth of one's Bitcoin position could sometimes potentially serve as back up layer, which potentially reduces the need to leave a huge some of cash just lying around. I also saw lots of sense in your perspective and point about diversifying to other asset classes when folks notice that their Bitcoin holding has actually reached a point of covering a year or more of their living expenses, and this isn't because Bitcoin isn't reliable or a bad place for your funds to be but simply because it also makes sense to allocate into other other asset classes, and diversifying to other assets helps to balance liquidity, time horizon and even volatility.

You are also right about the fact that different people who get started in Bitcoin investment do so from different starting points. An individual who already have an existing stock or other investments will definitely have different decisions to weigh compared to someone who is still very new to investment and hoping to have Bitcoin as their first serious asset. Either ways, the key lies in what you said, which is the individual's ability to weigh volatility, liquidity and the long term growth and potentials of the asset. Unlike other traditional assets, Bitcoin has displayed and shown its uniqueness because of its asymmetric upside, but context is really important and matters a lot when it comes to integrating it with everything else.
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Board Gambling discussion
Re: How quickly do you forget a loss
by
Tungbulu
on 05/09/2025, 11:44:39 UTC
Haha, a valuable lesson indeed. while what your'e saying is true, you need to understand that cashing out a game prematurely and watching the game actually play out according to your prediction also has its own painful experience and regrets too. You'll literally wanna hate yourself for being impatient and wished you had just trusted yourself more. this has also happened to me a couple of times and i can say that the experience wasn't good at all, it was almost as if not cashing out and losing everything on the process would have been a lot more preferable, Lol.
I believe i get what you are trying to say but IMHO, i don't think i will ever feel like losing everything would be more preferable than losing some of the money, simply because i could've won the whole money but didn't because i cashed out early. No matter the angle i try to look at the whole thing, having a single slice of the cake will always be way more better than not having anything at all. at least I'll get to recover my capital, which is more important to me.
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Board Gambling discussion
Re: How quickly do you forget a loss
by
Tungbulu
on 05/09/2025, 11:21:29 UTC

I still remember some losses that i really haven't gotten over, not like they were huge amounts but they were rare cases of near suuccess syndrome, i was very close to winning, and the reason why it turned into an unforgetable experience is the fact that i was given some good amount to cash out, but i turned them down and still ended up losing the whole thing, such losses are pretty hard to forget or move on from.
I've also had similar experiences like this before, and you are damn right those experiences are hard to forget, but the best part of those experience is that it has thought me some valuable lessons about being too greedy and wanting to take the whole cake when you can just take a few slices and still be happy you had some at the end of the day, rather losing everything on a quest to take everything.
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Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Tungbulu
on 05/09/2025, 00:19:23 UTC
⭐ Merited by JayJuanGee (1)
I think we’re over exaggerating and over emphasizing on this Scenario, it’s just as simple of knowing when to stop if we’re choosing to be aggressive and knowing when to be aggressive financially, I think there is nothing absolutely wrong if we want to be aggressive and there are times we can be aggressive and there are also times we might not be aggressive, it depends on when we have more discretionary income to be more aggressive, because there is no way we can be aggressive when we don’t have a discretionary income, and we should be also smart and intelligent enough to know when is the right time to be aggressive and when it’s not the right time to be aggressive.
The truth is that buying Bitcoin aggressively is not a bad idea if you are doing it from your discretionary income, it is very good, especially if you are still far away in your accumulation journey,  where the problem usually lies is doing it outside your discretionary income, because by doing that it smells troubles in your ability to hold for a very long time.
Another thing is over doing it without sorting out your basic needs first.

To buy aggressively, we have to depend on our financial situation. If we buy without depending on our financial situation, then we may put our holdings in danger later. For example, if we invest with our emergency money, then if we need that amount of money, then we may have to sell our holdings. So it is better to be aggressive depending on our financial situation.

Let me tell you in a little simpler language. As you said, invest aggressively with discretionary income. If you invest with the entire amount of your discretionary income, then you will not be able to create an emergency fund. If your emergency fund is already created, then if you invest with your entire amount of discretionary income and then you have any kind of financial crisis, then you will have to take money from your emergency fund. But it is never right to take money from your emergency fund for these small financial crises. So it is always better to invest 5 to 25% of your discretionary income

If a person is investing into bitcoin, they can invest up to 100% of their discretionary income, but if they make a mistake then they are being too aggressive.  Therefore it is good to hold back.

If a person decides to invest somewhere between 5% and 25% of their income into bitcoin, then they still cannot go over 100% of their discretionary income, so presumptively anyone investing 5% to 25% of his income into bitcoin is working within his discretionary income.

It seems pretty whimpy to only invests 5% to 25% of your discretionary income. .but guys can do what they like, even whimpy things.

Many folks struggle to be able to save/invest 10% of their income. so presumptively they are saving/investing from their discretionary income, and someone who saves/invests 10% of his income might be saving/investing 60% to 80% of his discretionary income... perhaps.

Sometimes we might need to talk about an example.  Maybe a guy makes $2,000 a month, and he has around $1,000 a month in basic expenses, and then he might have another $300 a month in discretionary expenses, so then he might have $700 a month that is left, and he might put half of that into his bitcoin investment around $350 and the other half of $350 into his back up funds.  In that case he is investing only 17.5% of his income into bitcoin, but he is investing 35% of his discretionary income, and perhaps once his emergency funds are up to a high enough amount, then he might invest $700 per month into bitcoin, which is 70% of his discretionary income, but only 35% of his regular income (which might be a real hard goal to reach since many folks struggle to invest/save 10% of their income).




Yeah, I totally get where you're coming from and honestly think you're right about your perspective. The key isn't just about saying invest a certain percentage of your income, the real question should be, just as you rightly noted, what is really left with you after covering all the basics. The real decision making happens with the discretionary income. Some could decide to put 100% of that into accumulating Bitcoin, but he does this, there'll certainly be no room left for Emergency fund or unexpected things, and yeah, that could be considered to be leaning too far into risky, and in such a case, it'll be smarter to just hold back a little and readjust your approach.

I also believe that the example you gave about the guy earning $2000 income a month really helps to further make it more concrete. If $1k goes to essential expenses, $300 goes to some other things that are actually discretionary, which of course leaves him with around $700,  now the wise thing to do in this scenario would be to split it into two equal halves, one going to Buying Bitcoin and the other half goes into backup funds. This way, the approach is well balanced because this shows that he's simultaneously building his future as well as a safety net to fall back on, should incase an emergency occurs unexpectedly. And when his emergency funds is strong enough to carry at least 3 months worth of his living expenses, he can then make the necessary adjustments and even if he invests all $700 into Bitcoin, it wouldn't be seen as reckless any longer because he already have a safety net, should incase something unexpected comes up, rather, it could be seen as taking advantage of his financial stability.

Yeah, you're absolutely correct that a lot of people finds it hard to be able to save even up to 10% of their income. So if an individual decides to put in 17.5% into Bitcoin, when you look at it at first, it might seem like a really small amount, but when you also consider the fact that it is around 35% of his discretionary income, then the whole picture changes. That's far from being whimpy, on the contrary, it's a very disciplined approach.
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Board Gambling discussion
Re: Basic rules in gambling
by
Tungbulu
on 04/09/2025, 17:32:40 UTC
If you are a gambler that follows the rules you would not end up losing a lot of money like those that are Indisciplined...The last rule is the most important because that's the main reason why a lot of gamblers lose in the long run...if you are the type of gambler that can't accept losses then you'd end up chasing... Trying to win back what you have lost by gambling more is a dumb move but when we get too desperate we forget how risky it is
the thing is that each person who participate in gambling supposed to know his own role of partaking in gambling because using a general rules and regulation the thing we may affect you as I gambler, so that is why we need to understand that we are supposed to strategize in our own way that will not affect us in gambling and also have a total sum of amount that we are supposed to be using to gamble weekly so that the it will not really affect us in anything that you are doing, when we have a such plans I don't think that will gamble wrongly because we all know that the gambling is all about the risk at the many people do accept it in such way
...........
That's true every gambler should adhere to some basic rules if one is to have a healthy gambling history because in as much as gambling is fun to do , it can harm you when you don't have some guiding principles that will serve as help to you because gambling can become a problem to you especially when it comes to your finances.
Ever wondered why some gamblers are struggling with gambling addiction, and others are actually having fun and leaves the casino happy irrespective of the outcome of the gambling. it all boils down to their abilities to stick to basic gambling rules. Those who observe and stick to those rules are most likely to have a pleasurable experience, and it doesn't matter whether they lose or win, it sure also doesn't matter what strategy they choose to apply.
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Board Gambling discussion
Re: Basic rules in gambling
by
Tungbulu
on 04/09/2025, 17:13:51 UTC
If you are a gambler that follows the rules you would not end up losing a lot of money like those that are Indisciplined...The last rule is the most important because that's the main reason why a lot of gamblers lose in the long run...if you are the type of gambler that can't accept losses then you'd end up chasing... Trying to win back what you have lost by gambling more is a dumb move but when we get too desperate we forget how risky it is
the thing is that each person who participate in gambling supposed to know his own role of partaking in gambling because using a general rules and regulation the thing we may affect you as I gambler, so that is why we need to understand that we are supposed to strategize in our own way that will not affect us in gambling and also have a total sum of amount that we are supposed to be using to gamble weekly so that the it will not really affect us in anything that you are doing, when we have a such plans I don't think that will gamble wrongly because we all know that the gambling is all about the risk at the many people do accept it in such way
I'll agree with you that gambling is mostly an individual thing and every gambler must tailor out their own unique strategies just like in trading. but when it comes to rules, there are indeed some basic rules that every gambler must adhere to if they must maintain a safety gambling habit, and not adhering to these such rules might result to irresponsible gambling and most definitely unintended losses. so while you are busy developing and tailoring your own unique strategy that suits your style and financial position, it is important to stick to certain rules that keeps you safe as a gambler.
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Topic
Board Gambling discussion
Re: When gambling what do you measure? Luck or chances?
by
Tungbulu
on 04/09/2025, 16:43:33 UTC
When I place sports bets, I like to study the statistics of previous games, check the lineup, and consider the importance of the match. If I’m unsure about the odds, I’ll most likely avoid betting. Only if I want to watch the game and make it more exciting, I might place a small bet. I rarely go for pure luck, and usually, I don’t win that way.
Football is not even something someone will place a bet on without knowing what you are doing and wanting to depend on luck alone. Anyone who wants to depend on luck will go for luck-only-based games, which are only found in slots, random picking for football matches, and making your guess, which will most likely lead to losing. It's better you know what you are doing even if you are unsure of your prediction than going in blindly.
Except of course the gambler is a beginner who knows very little or nothing about gambling and just wish to test his luck by making some lucky picks, I can remember doing that in my early days as a gambler, I knew absolutely nothing about sports gambling, but since people around me were gamblers, i was quite curios to give it a try, and my first attempt were lucky picks, i knew absolutely nothing about what i was doing but still made the picks anyways, and even if it didn't turn out successful, but it kinda gave me a sort of insight and gradually, i got better in making analysis.
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Board Services
Merits 1 from 1 user
Re: [CFNP] Rainbet.com | Crypto Casino & Sportsbook | Signature Campaign ~ Full+
by
Tungbulu
on 04/09/2025, 11:15:35 UTC
⭐ Merited by Hhampuz (1)
A wonderful new week to you Sir Hhampuz.

I'd like to request for another change of address, I know this is much of a stress considering the fact that I had just recently changed to a new address and I sincerely apologize for whatever inconvenience this may be causing cause you.

Here's the new address Sir: bc1qkc788mg4y00jdy3w55v2wqt2dkc89lj8wwz35n
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Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Tungbulu
on 04/09/2025, 04:58:36 UTC
⭐ Merited by JayJuanGee (1)
There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.
If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.
A low-income earner can also invest in Bitcoin, but it should not be done by putting all their savings at once. In fact, even a high-income earner should avoid investing all their income in Bitcoin. The simple and most comfortable way, especially for someone with a low income, is to use the DCA method. With DCA, you buy Bitcoin either weekly or monthly, depending on the amount you set aside for continuous investment. At the same time, investment should be done with discretionary income, money you have left after paying your other needs, so you won’t be forced to sell your holdings in difficult times.
That would depend on a few things like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle, and a few more "concerns". But typically, if you have at least six months worth of expenses saved in your bank account, then you could invest the rest of your income.

But if you're single, with no responsibilities, and you see that Bitcoin's price is touching or under the 200-Weekly SMA, then it would be irresponsible NOT to withdraw all of your savings to buy Bitcoin.
I doubt that marital status has much bearing except to the extent to which you might need to consult regarding financial and/or other important life matters.. . but the fact that you are married or not seems almost irrelevant.
Personally, I haven't experienced such matters because I'm not married. But it would probably be safe to assume that a married man should be more careful with his finances now that he's making financial decisions for the both if them. UNLESS, he doesn't tell his wife about his Bitcoin investment.
  

Isn't the question regarding the extent to which a guy's income and/or expenses have become more complicated based on his life situation rather than trying to presume exactly the effect of being married versus being single?  Of course, there can also be guys engaged in businesses, and some businesses are not very complicated or involved - maybe a couple of times a week the guy goes and sells some products (as a side business or maybe he teaches some skill that he has or works as a private consultant), yet there might be guys who have several employees and a variety of relations with vendors for products and/or services, and the more complicated the situation, then the more back up funds he probably needs to have and we don't even necessarily need to assume that his income is going to be so low that he is not able to invest, even though many businesses will be less profitable (and even fail) in their earlier years, so the point is more likely about complication of his finances and/or relationships rather than something like whether he is married or single.  

I suppose I am not disagreeing with your point about being married bringing more potential complications, yet I am objecting how you described being married versus single in such a presumptive way as if a single person is still not going to have obligations merely because he is single.  I don't necessarily disagree with you in regards to the extent to which some decision making might become more complicated with a spouse to the extent that there either might need to get input or at least at minimum the guy might have extra responsibilities in regards to parts of his income that would either go into the joint relationship and/or to support the wife.. and surely there could be situations in which a spouse brings extra income and/or potentially brings more income so the financial aspect is more of a benefit rather than a burden.  Guys have to account for these matters, and we should not presume too much about them unless maybe describe our presumptions.

This here is a very important nuance that most people miss whenever they're making broad comparisons between being single and being married, as it concerns their finances. You're very correct with your thoughts and I completely agree that it's less about the individual's marital status, but more about the complexities of the individual's overall financial situation, which of course as we know can take many forms. Marriage can undoubtedly add some new layers of responsibility and obligations, but that doesn't in anyway imply someone who's not yet married doesn't also have these responsibilities and obligations too. Besides marriage and family, a single person could have other things that might as well demand so much from him, like his business, juggling employees and even the need to balance family responsibilities outside marriage.

So when thinking about financial needs, it makes more sense to think about it in terms of the level of entanglement the individual has, rather than just focusing on the binary aspect of being married or single. Some individuals keep their expenses and work relatively simple, like offering their own services or running a straightforward side business, which may not require so much or be so demanding, while some other individuals decide to take on a much larger ventures that demands ongoing commitment and of course safety nets. The folk with the more intertwined income sources and obligations have more need to hold more backup reserves regardless of their marital status.

And then again, you're also very correct to point out the fact that marriage does have the ability to reshape a person and the equation, and this comes in both directions. In one way, it could potentially complicate matters by introducing some sort of shared responsibilities and expectations, while also looking at it from the other angle, it could also bring stability or some additional income, which can potentially offset some burdens. The key takeaway from this, is to not just go with the assumption that being married automatically reduces one's financial freedom or that life is simpler for single person. Each of these situations uniquely comes with its own variables and the decisions people make about their finances should account for those specific realities and not marital or generic assumptions.
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Topic
Board Bitcoin Discussion
Re: Bitcoin and the alternative African internet.
by
Tungbulu
on 03/09/2025, 09:56:23 UTC
I'm surprised that this thread hasn't attracted any comments. Just in case you haven't heard about the African continent Internet exchange, here is a YouTube video about it.

https://www.youtube.com/watch?v=OOy7jwi0At8
That looks like one of those videos people who don't understand the topic make only to get views.

What is being explained doesn't sound new either and it is not exactly "alternative" internet either. It sounds more like "Domestic Internet". A couple of developed countries have had that for a very long time. For example in Iran we built it decades ago and everything domestic runs on that which makes it cheaper as well.

It is basically a national security matter specially in this day and age that everything is depending more and more on the internet. Any country has to be able to have full control over its own internal traffic (eg. the banking system) to remain safe.
I've surfed the net for credible source(s) that validates the claim of Africa launching their own different internet protocol stack that doesn't work on Google's or American Server,  but unfortunately I can't seem to find a reliable source, I'm an African and inasmuch as I'd like those claims to be true, I'm a afraid that's not entirely true.

What's actually happening is more of a push for digital sovereignty in Africa. More local data centres, subsea capbles, internet exchange points as well as policy coordination, in order to allow data to stay within the African locales. Smart Africa, in collaboration with the AU are actually the ones making this push. And for what it's worth, most of the bandwidth growth still comes from those Big Tech cables, like the Meta-backed 2Africa and Google's Equiano.
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Topic
Board Gambling discussion
Re: How much is enough for you in a day gambling
by
Tungbulu
on 02/09/2025, 22:07:08 UTC
the best way not to be addicted in gambling is to make a monthly budget for gambling so that whatever thing you do will not affect you in gambling and you will not be feeling bad whenever you lose in gambling because the money that you can both with is a proposed money for gambling, that is why I encourage everybody who is into gambling to make sure that they have a budget before participating in gambling if not that they will end up looking everything they have because of there are chasing their losses and they will become addicted in gambling unknowingly to them.
Honestly, I really don't have a budget, but I still manage to regulate my gambling. Most of the times that I gamble, I don't usually plan to, I might just check the games for that day, and if I'm moved to make my prediction, I will, and by sticking to this habit, I manage to not gamble frequently, maybe twice or thrice a month, and with very little amount of money.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Tungbulu
on 02/09/2025, 04:32:01 UTC
Of course, each of us is responsible for our own level of aggressiveness, and we should not let pressure from online or groups affect our choices in that there is nothing wrong with being aggressive as long as we do not end up overdoing it.  If we overdo it, then we have to suffer the consequences, and it might be 10 years down the road that we realize that we cannot turn back the clock an hopefully we did what we were able to do without overdoing it and taking ourselves out of the game due to our own overly aggressive screw up(s).
if I may ask, how does someone really decide where to draw the line between being aggressive enough to see good gains and being too aggressive to the point it turns risky?
That's an important question Mate. When it comes to Investing in Bitcoin, there's actually a thin line between being aggressive enough to maximise on potential gains and being overly or too aggressive to the point that it turns to recklessness, and this all depends on two things, which is your financial reality and your emotional resilience. I believe the main idea is that to take on enough exposure that your stash can potentially grow substantially in the long run, but not so much that you'll be forced into a financial hardship or panic by a sharp downturn.

If you've got a solid financial cushion in place, a steady income stream(s) and of course a long term perspective, then surely you are free to lean more aggressive, and this is because Bitcoin's volatility is a lot more easier to ride out when you don't have the need for the money anytime soon. But even then, when those aggressions becomes way too much, it turns into recklessness and that's when the real danger sets in. Recklessness could be seen as, going all in, acquiring some debt to keep the accumulation going or maybe using leverage. It's a lot more healthier for every investor to size their Bitcoin position at a particular level that even if there's a downturn in the market and their Bitcoin portfolio size drops by 50% to 70%, it won't affect you pretty much or push you to panic sale.

I believe the ultimate test to consider one's level of aggressiveness is psychological, any investor that can hold through a red market without losing sleep is definitely still within a reasonable level of aggressiveness. But when you start to observe that your exposure has now become a threat to either your peace of mind or your financial stability, then that's a major cue that you've crossed the line.
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Topic
Board Gambling discussion
Re: Who do you blame?
by
Tungbulu
on 01/09/2025, 11:04:58 UTC
I take responsibility of my losses since it's my decision to gamble my money. This is the reason why it's a must to know what you're getting into before playing. Because losing is inevitable in gambling. Hence we should know the consequences to become prepared if worse case happened.

Playing in moderation, self control and acceptance (in facing losses) are crucial. If you can't bear losing your money and will just blame the casino or others for your losses, then better to not gamble at all.
It's the same way: when we gamble, we must be prepared to lose the money we deposit. That's why it's important to assess our financial capabilities. Betting within our means is sufficient. Furthermore, blaming or venting emotions for lost money on others is completely unreasonable.
Not just unreasonable, but also has the potential to birth irrational thinking and behaviour that could lead to even more losses or even addition. every gambler should come to the realization that losses are an inevitable aspect of gambling, and that no one regardless of their expertise is above losses, and perhaps this could help them device a better way to approach gambling in order to avoid unintended and unnecessary losses.