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Showing 20 of 864 results by Wayan_Pedjeng
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Board Economics
Re: Cocoa Surpasses Bitcoin as most lucrative asset of 2024
by
Wayan_Pedjeng
on 01/01/2025, 06:31:09 UTC
LOL.. what is the total market cap of Cocoa trade in any given year? I really doubt it will come anywhere near Bitcoin. At the moment, Bitcoin has a market cap of close to $2 trillion. And also, Cocoa prices vary depending on the supply-demand equilibrium. It can go down if the supply recovers by this year (2025).
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Board Economics
Re: No petrol/diesel car sales by 2035/ Reality or dream?
by
Wayan_Pedjeng
on 09/10/2023, 18:01:52 UTC
Electric vehicles are becoming cheaper with every passing year. But even now, they are on average 2x or more costlier when compared to the gasoline equivalent. The cost of EV battery is still prohibitive and it needs to come down to make such vehicles more affordable for the general population. But then, no new innovation has happened with the battery technology for the last 2 decades or so.
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Board Economics
Re: Population: Economic strength or weakness
by
Wayan_Pedjeng
on 09/10/2023, 17:54:14 UTC
China's population can be misleading. China has over 1.4 billion in population but due to its huge area, it only has 390 population per square miles. Meanwhile, India has 1,130 population per square mile which is nearly three times as many compared to China.

Huge or low population density has its cons and pros. Lower population density countries are less likely to fast-track their resources but unemployment might not be a concern. Whereas huge population density countries if utilized well can quickly exploit resources and drive their economy bigger. Failure to do so can lead to unemployment, very cheap labor, and other issues that reflect a lower GDP per capita.

China vs India is not exactly an apple to apple comparison. Most of India's land is suitable for agriculture, but in China that is not the case. More than half of the surface area is in the provinces of Xinjiang and Xizang, where the conditions are very arid and not suitable for agriculture. Provinces such as Qinghai, Inner Mongolia and Gansu also have similar climatic conditions. On the other hand, only around 10% of India is arid.
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Board Economics
Re: Who will Replace Russian Gas Supplies to Europe?
by
Wayan_Pedjeng
on 21/08/2022, 05:20:54 UTC
^^^ China invading Taiwan is highly unlikely. It will result in millions of deaths on both the sides. Look at the ongoing war between Russia and Ukraine. It is turning out to be a disaster for both the sides (as well as for Western Europe). Any future war will be highly pyrrhic and given the low birth rates in China they can't afford to lose millions of their young citizens at this point.
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Board Economics
Re: Will Russia Emerge As The Next Dominant Superpower
by
Wayan_Pedjeng
on 21/08/2022, 05:18:32 UTC
I disagree. I have no idea why anyone in their right mind would underestimate USA even after they have proved again and again why they are the most dominant superpower in the world in the long-term.

Russia and pathetic Putin are being criticised for the Ukraine war and their economy is suffering because of all the sanctions, COVID etc. This doesn't imply dominance in any manner whatsoever. Think!

From what I have seen, the Russian economy is doing just fine. Their trade surplus is at all time high and they are benefitting immensely from the sky high fuel prices. The West tried to boycott Russian commodities and the latter just rerouted the exports to Asian countries such as India and China. Now nations such as Pakistan and Myanmar are lining up to purchase Russian hydrocarbons.
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Board Economics
Re: U.S. population grew only 0.1% in 2021 lowest rate since nation's founding
by
Wayan_Pedjeng
on 04/01/2022, 17:22:14 UTC
Why their population need to grow at a faster rate? A majority of the world nations are edging towards replacement fertility and near-zero population growth. The planet is already home to 8 billion human beings and we can't afford to increase that number by much. For economic growth, why there is a requirement of constant population growth? Why can't it be achieved with a stable population? Countries such as Germany and Japan are having stable populations, and still their economy is doing good.
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Board Economics
Re: COVID has driven Americans to bank $1.6 TRILLION in savings
by
Wayan_Pedjeng
on 04/01/2022, 17:12:40 UTC
If people are still keeping their assets in fiat, despite the fact that the federal reserve is printing banknotes like crazy, then they are purely delusional. In my country, the rates for bank deposits have now slipped below the inflation rate. And although stock markets gave good returns for 2021, I don't expect the situation to remain the same for the next few years. One important factor that is keeping retail inflation in check is that crude oil prices are staying below $80 per barrel. If this level is breached, then we'll be in trouble.
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Board Economics
Re: El Salvador retirees protest against Bitcoin as legal tender
by
Wayan_Pedjeng
on 04/09/2021, 13:21:29 UTC
Someone needs to do an investigation into these protests. Who is provoking the people in El Salvador? There is a lot of FUD and fake news being circulated and it seems to be pretty organized. No one is forcing ordinary people to use BTC. It is their choice whether they want to use cryptocurrency or not. Given this, I don't see any point in protesting against the move. The rollout hasn't yet begun, as the Bitcoin law is effective only from 7th September. And according to rumors, Malta and Panama are next in line.
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Board Economics
Re: After 1 year of Covid 19 Virus
by
Wayan_Pedjeng
on 04/09/2021, 13:01:54 UTC
In my place, many people get sick from the first vaccine injection, currently it is still limited to a minimum age of 12 years, until now I am not willing to be vaccinated because of the fact that many people get sick from being vaccinated, besides that there is no guarantee that the first injection will make us immune. from viruses so we must always be vaccinated, it is better to always maintain health with the best food and of course lots of sports activities.

You need to make a choice. You can either opt for vaccination, which means that you will suffer from fever and body pain for 1-2 days,
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Board Economics
Re: Can the world be without poverty
by
Wayan_Pedjeng
on 12/06/2021, 04:58:32 UTC
There can be two scenarios. In capitalist system, we will be having 3 classes of people - around 5% who are rich, another 90% who are in the middle-class with a relatively comfortable style of living, and then the remaining 5% comprised of "poor" people. The in socialist system we will have only two classes of people - 1% of the population will be ultra-rich (mostly the ruling elite) and then the remaining 99% of the people will be poor. It is up to the people to chose which system they want in their country.
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Board Economics
Re: El Salvador plan to make BTC legal tender
by
Wayan_Pedjeng
on 12/06/2021, 04:43:03 UTC
And they did what they said. It's a good news. At least now they can boast that they were the first country to make bitcoin a legal tender when bitcoin actually goes mainstream. I have also heard that other countries in Central America will also eventually follow this step. It's a good start to be honest. Though I must admit, they will face some complications and its going to take them some time to understand and integrate bitcoin into the mainstream businesses. I am also curious to know how will they be tracking everything. I mean, if a company starts paying in bitcoin, how will the government track them.

From what I have heard, there are 11 countries apart from the United States that use the US Dollar as the national currency. They are - Ecuador, El Salvador, Zimbabwe, Guam, USVI, Timor-Leste, American Samoa, Northern Mariana Islands, Micronesia, Palau and Marshall Islands. Out of these, 4 are dependent US territories (Guam, USVI, Am.Samoa and N. Mariana). Another three are heavily dependent on the US for balancing their budget (Micronesia, Palau and Marshall Islands).

That leaves a total of 4 countries where there is a chance of Bitcoin being declared as the legal tender in the near term - Ecuador, El Salvador, Zimbabwe and Timor Leste. Now that El Salvador has taken this step, the other three would at least consider it.
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Board Altcoin Discussion
Re: Can Dogecoin reach 1$ soon?
by
Wayan_Pedjeng
on 04/04/2021, 07:03:16 UTC
One of the reasons why altcoins (such as DOGE) is moving up is because Bitcoin has remained stagnant for almost two months now. Short-term investors are losing their patience with Bitcoin and are focusing their attention to smaller coins such as DOGE. But there is no guarantee that this situation will last for long. They will go down once more, when the next Bitcoin rally occurs.
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Board Altcoin Discussion
Re: See why most bounty hunters get scammed
by
Wayan_Pedjeng
on 04/04/2021, 06:59:36 UTC
Nowadays it is just a waste of time and effort to participate in these bounty campaigns. You need to spend 2-3 months on them and in the end there is a 10% chance that you will receive a small reward (<$25). And even if you manage to receive the tokens, because of the high ETH gas price it will not be viable to move them to the exchanges and convert them to Ethereum. And then there is a 90% chance that you will remain unrewarded despite your hard work.
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Board Bitcoin Discussion
Re: Bitcoin $1Trillion Market Cap questions
by
Wayan_Pedjeng
on 20/02/2021, 06:51:20 UTC
Okay im looking at marketcaps to compare and see where markets can go.

Billionaire Peter Schiff saying gold can go to £3000 per oz but gold market cap now is above $11trillion at around $1700 per oz of gold now. So if Gold doubles in price to $3000 per oz then realistically can gold marketcap double to $22 trillion in a short time frame? I ask because it took gold tens of thousands of years to reach $11trillion marketcap today. If it took so long for gold to reach $11 trillion then why should a marketcap of any market double it in such a short amount of time?

So based on marketcap can bitcoin double its marketcap in short time to $2 trillion resulting in $100k per btc this year?

Realistically I expect gold to touch $5,000 (£3,567) per oz sometime soon. With fiat currencies losing their purchasing power at such a rapid rate, assets such as gold, platinum, silver and Bitcoin would definitely go up in demand. But I am not sure whether the governments will allow that. It may sound draconian now, but the authorities can go for wealth confiscation in order to cover debt repayments (similar to what Cyprus did in 2013)
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Board Economics
Re: JP Morgan says large firms will not follow Tesla's bitcoin move
by
Wayan_Pedjeng
on 20/02/2021, 06:47:37 UTC
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Board Altcoin Discussion
Re: Ripple (XRP) is again in the news. Will it break its ATH before the Year Ends
by
Wayan_Pedjeng
on 28/11/2020, 18:34:32 UTC
The XRP exchange rates are going up just because of speculation. During the last 12 months, I haven't head anything positive about Ripple. I would rather say that during the last one year or so, the adoption and acceptability of XRP has actually gone down. The market cap seems inflated to me. Some of the smaller altcoins have much higher acceptability when compared to XRP.
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Board Altcoin Discussion
Re: Crypto market is plunging
by
Wayan_Pedjeng
on 28/11/2020, 16:51:30 UTC
Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.

Do you really expect the exchange rates to go up all the time? In less than a month, the Bitcoin prices increased from $10K to $20K, and now we are under a correction phase with the prices fluctuating in the $17,500-$18,000 range. Ups and downs are a part of life in cryptocurrency market. If you can't deal with it, then probably you should not be investing in cryptocurrency.
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Board Gambling discussion
Re: [Boxing]: Manny Pacquiao vs. Conor McGregor
by
Wayan_Pedjeng
on 02/10/2020, 12:58:11 UTC
Now that the event is confirmed, it will be better to add a poll here. I am quite sure that Manny will be ahead by a big margin. But still want to measure the support levels for McGregor. BTW, I checked the odds from some of the gambling sites. Manny is having odds ranging from -800 to -1500. Making a bet in his favor doesn't look rewarding, if the odds remain like this.
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Board Politics & Society
Re: USA PRESIDENTIAL ELECTIONS 2020: Michael Moore says Trump on course to win !
by
Wayan_Pedjeng
on 02/10/2020, 12:54:57 UTC
The voter turnout is going to be at record low levels for this election. Apart from the COVID 19 pandemic, there are opinion polls which claim that a large part of the American population is not supporting either of the two candidates. Some may go out and vote for third party candidates as a protest, but the vast majority will simply abstain from voting.
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Board Altcoin Discussion
Re: what's your favourite coin and token ?
by
Wayan_Pedjeng
on 08/08/2020, 07:14:16 UTC
My favorite cryptocurrency is Bitcoin Cash (BCH), because this is the coin which has given me the maximum amount of profit. I received BCH for free in 2017 (because I was holding BTC at that time) and ever since then the value has increased by manifold). On the other hand, my investments in ETH and ADA brought me huge amount of losses.