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Author Topic: Why is the Chinese mentality so risky?  (Read 3174 times)
cafucafucafu
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July 11, 2015, 01:42:16 PM
 #1

Do they have a gamblers culture? Do they enjoy the thrill or gambling?

Edit: a quick search show that this is known: https://www.psychologytoday.com/blog/minority-report/201407/asian-gambling-addiction

Well now a new btc bubble and crash is coming. More volatility ahoy.


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July 11, 2015, 01:48:52 PM
 #2

Chinese have a long history of compulsive gambling..Men and women equally.. In the U.K all the casinos are mainly full of Chinese and Arabs believe it or not and look at MACAO..Many also from Mainland China go to Macao to gamble as well..The stock market also is a more modern place for the Chinese to enjoy their Adrenalin rush..along with the Bitcoin/alt coin markets.
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July 11, 2015, 02:11:23 PM
Last edit: July 11, 2015, 04:15:46 PM by Amph
 #3

they are addicted to profit i guess like everyone else, but since they are more than 1B, you will notice it more

also they don't care about the tech behind bitcoin, but more about the profit, it was said from one chinese here on bitcointalk, i've never forgotten about it..
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July 11, 2015, 03:06:27 PM
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they are addicted to profit i guess like everyone else, but since they are mroe than 1B, you will notice it more

also they don't care about the tech behind bitcoin, but more about the profit, it was said from one chinese here on bitcointalk, i've never forgotten about it..

Finally someone who gets it !

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July 11, 2015, 03:35:40 PM
 #5

History has been a proof about how crazy chinese people have acted, impulsive, greedy and impatient (sorry my chinese friends) and they have always loved making more money after money. Well, who wouldn't love that, but Chinese people have often displayed that they never really care where the money comes from, until it does. They probably don't know much about bitcoin too, just want to make da money!  Tongue
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July 11, 2015, 05:01:28 PM
 #6

they are addicted to profit i guess like everyone else, but since they are more than 1B, you will notice it more

also they don't care about the tech behind bitcoin, but more about the profit, it was said from one chinese here on bitcointalk, i've never forgotten about it..

YES! There are more than 1 billion people in china and people will obviously notice and point fingers at them because their activity seems to be the highest regarding such activities. The chinese would happily make money out of anything, literally anything. I however assumed that china would find interest in the bitcoin technology but knowing that they have google and facebook banned, I don't know what they really do with their lives..
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July 12, 2015, 07:27:35 AM
 #7

they are addicted to profit i guess like everyone else, but since they are more than 1B, you will notice it more

also they don't care about the tech behind bitcoin, but more about the profit, it was said from one chinese here on bitcointalk, i've never forgotten about it..

That's so true, anything that can turn over a profit in China will raise eyebrows, but then again who doesn't want to be in profit in whatever investment? The only difference is due to the huge numbers involved, when the markets are becomign bearish it could turn really frightening as the herd mentality kicks in.
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July 13, 2015, 12:48:09 PM
 #8

It is not comparible to gambling. .... What they do is a calculated risk.
And calculated risk is more profitable than gambling.
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July 13, 2015, 01:09:37 PM
 #9

One billion Chinese, just think if 5% from them are gamblers. And from them 20% win - it is 1 000 000  Grin
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July 13, 2015, 01:33:35 PM
 #10

History has been a proof about how crazy chinese people have acted, impulsive, greedy and impatient (sorry my chinese friends) and they have always loved making more money after money.

Do you mean Americans?
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July 13, 2015, 02:08:56 PM
 #11

Chinese go all in when it comes to money and they see an advantage to be had in the market.
All in or go home  Undecided
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July 13, 2015, 04:43:21 PM
 #12

What they do is a calculated risk.

Calculating risk isnt a way on how the chinese do their business, Chinese seldom calculate risk because they are more into speculation. They mostly take on their action without thinking too much which is why they love "gambling" in form of trading by buying through a speculation or hype.
Therefore when the news / hype about greece is on the roll as well as their stockmarket incident, the price drove up higher basically because of them . If you actually noticed, chinese exchanger like huobi was higher by atleast $2-3 during the rally
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July 13, 2015, 04:48:01 PM
 #13

Maybe adn?
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July 13, 2015, 06:34:18 PM
 #14

Could we say that Chinese have a well know to like gambling and taking risk with odds and anything they could find a potential on.

There is always a Chinese man making moves in markets and big bold bets some of them a really good at what they do so i guess the others just follow.

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July 14, 2015, 06:36:24 AM
 #15

Calculating risk isnt a way on how the chinese do their business, Chinese seldom calculate risk because they are more into speculation. They mostly take on their action without thinking too much which is why they love "gambling" in form of trading by buying through a speculation or hype.

So can we say Chinese is a pretty lucky person who always dare to bet all in anything? They seems never hesitated about high risk for high profit. I was curious about it, and when I was searching about chinese business strategy, I got this article http://www.china-ready.com/articles/SevenSecretsToBusinessSuccessInChina.htm
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July 14, 2015, 07:57:29 AM
 #16

I am less worried about their passion for making money than the cost of doing it. I see too many examples of Chinese people destroying nature and animals to feed their ever increasing needs.

Examples :

1. Rhinoceros - Rhino populations are facing serious threats from illegal trade (primarily poaching for traditional Chinese medicine) 
    https://www.savetherhino.org/rhino_info/threats_to_rhino
2. Tigers - {Tiger penis} https://news.vice.com/article/china-outlaws-the-eating-of-tiger-penis-rhino-horn-and-other-endangered-animal-products
3. Dolphins - Must say, more of this is done by the Japanese people.  {http://www.thecovemovie.com/FAQRetrieve.aspx?ID=37078}
4. Abelone - http://www.atimes.com/atimes/China_Business/NK10Cb02.html

And their thirst for energy and the impact on air pollution --> http://fortune.com/2014/11/05/the-cost-of-chinas-dependence-on-coal-670000-deaths-a-year/

It's as if they are slowly eating the world, with no consideration for the day of tommorrow. It's very sad.  Sad Sad Sad Sad Sad

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July 14, 2015, 10:11:23 AM
 #17

Do they have a gamblers culture? Do they enjoy the thrill or gambling?

Edit: a quick search show that this is known: https://www.psychologytoday.com/blog/minority-report/201407/asian-gambling-addiction

Well now a new btc bubble and crash is coming. More volatility ahoy.
The gamblers culture is inside the bone of Chinese people. They all like gambling.
                                                                 
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July 14, 2015, 12:54:41 PM
 #18


It's as if they are slowly eating the world, with no consideration for the day of tommorrow. It's very sad.  Sad Sad Sad Sad Sad


It's human nature to want to want the best lifestyle possible. It's also human nature to push things to breaking point before actually doing something about it. By the sounds of it normal Chinese folk are thoroughly fed up with not being able to breathe properly. Hopefully they'll address it soon otherwise we're all in a bit of trouble.

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July 14, 2015, 01:18:01 PM
 #19

I am less worried about their passion for making money than the cost of doing it. I see too many examples of Chinese people destroying nature and animals to feed their ever increasing needs.

Examples :

1. Rhinoceros - Rhino populations are facing serious threats from illegal trade (primarily poaching for traditional Chinese medicine) 
    https://www.savetherhino.org/rhino_info/threats_to_rhino
2. Tigers - {Tiger penis} https://news.vice.com/article/china-outlaws-the-eating-of-tiger-penis-rhino-horn-and-other-endangered-animal-products
3. Dolphins - Must say, more of this is done by the Japanese people.  {http://www.thecovemovie.com/FAQRetrieve.aspx?ID=37078}
4. Abelone - http://www.atimes.com/atimes/China_Business/NK10Cb02.html

And their thirst for energy and the impact on air pollution --> http://fortune.com/2014/11/05/the-cost-of-chinas-dependence-on-coal-670000-deaths-a-year/

It's as if they are slowly eating the world, with no consideration for the day of tommorrow. It's very sad.  Sad Sad Sad Sad Sad

I'm not sure the actions was made by Chinese only, I think all of businessman in palm oil, pulp-paper, rubber, and other agribusiness sector have destroyed the nature too. But yeah several cities in China have dangerous level of air pollution.
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July 14, 2015, 07:44:46 PM
Last edit: July 14, 2015, 08:55:06 PM by arallmuus
 #20

Calculating risk isnt a way on how the chinese do their business, Chinese seldom calculate risk because they are more into speculation. They mostly take on their action without thinking too much which is why they love "gambling" in form of trading by buying through a speculation or hype.

So can we say Chinese is a pretty lucky person who always dare to bet all in anything?

The chinese will never go all in into their speculation . They may be the type that are interested in a high risk investment and such however they are pretty much good in financial management and they tend to spread out their risk which is minimizing their lost incase their speculation turns out badly. In most cases, chinese always do have a backup plan and react quickly incase something happen to their speculation / investment therefore you can see alot of quick dump throughout their stockmarket or BTC exchanger whenever there is a minor negative news that might affect their investment
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