Bitcoin Forum
June 17, 2019, 05:57:26 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 »  All
  Print  
Author Topic: Why is the Chinese mentality so risky?  (Read 3174 times)
hikedoon
Full Member
***
Offline Offline

Activity: 143
Merit: 100


View Profile
July 14, 2015, 08:03:45 PM
 #21

 I used to work in a casino dealing roulette and the casino was mostly populated by Chinese and asian men.
 Most of them worked in the local chinese/asian restaurants and rather than going for a beer when their shifts end(as the local Scottish population do) they would rather gamble.    Different strokes for different folks.
 P.S Go into just about any Scottish town and you will find most high-streets are full of bookies and pubs.
       Drinking and gambling seems to be a common pastime of the working classes,wherever they live.
 
1560751046
Hero Member
*
Offline Offline

Posts: 1560751046

View Profile Personal Message (Offline)

Ignore
1560751046
Reply with quote  #2

1560751046
Report to moderator
1560751046
Hero Member
*
Offline Offline

Posts: 1560751046

View Profile Personal Message (Offline)

Ignore
1560751046
Reply with quote  #2

1560751046
Report to moderator
1560751046
Hero Member
*
Offline Offline

Posts: 1560751046

View Profile Personal Message (Offline)

Ignore
1560751046
Reply with quote  #2

1560751046
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560751046
Hero Member
*
Offline Offline

Posts: 1560751046

View Profile Personal Message (Offline)

Ignore
1560751046
Reply with quote  #2

1560751046
Report to moderator
1560751046
Hero Member
*
Offline Offline

Posts: 1560751046

View Profile Personal Message (Offline)

Ignore
1560751046
Reply with quote  #2

1560751046
Report to moderator
1560751046
Hero Member
*
Offline Offline

Posts: 1560751046

View Profile Personal Message (Offline)

Ignore
1560751046
Reply with quote  #2

1560751046
Report to moderator
Pab
Legendary
*
Offline Offline

Activity: 1736
Merit: 1012



View Profile
July 14, 2015, 09:26:32 PM
 #22

 Thay have that in  blood,but thay had also good astrologist and his traditional fortune astrology

Really good astrologist can calculate day whan you have very very goodchance to win

In ancients culture Astrology it was sciance.But look it is funny and real,due to ancient Tibetain astrology
best day  for robbery is friday

It is logic in westerness countrys,but tibetain astrology is thousends years old and there was not shops and banks,that time


░░░░░░░██████████████████████████████████████████████████████████████████████████████████████████░░░░░░░
████████████████████████████████████████████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████████████████████████████████████████
░███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███░
░███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███░

      ████      █████████▄ ▀██████████▀  ▄████████▄       ▄█████████▄     ████ ████       ███             
     ██████     ███    ▀███▄   ████    ▄████▀  ▀█████   ▄████▀   ▀████▄   ████ █████      ███             
    ████████    ███     ████   ████  ▄███▀             ████  ▄███▄  ████  ████ ██████▄    ███             
   ████  ████   ███    ▄███▀   ████  ████             ████           ████ ████ ███ ▀███   ███             
  ▄███    ███▄  █████████▀     ████  ████             ████  ▀▀▀▀▀▀▀  ████ ████ ███   ███▄ ███            ▀
  ███  ██  ███  ███  ███       ████  ████▄             ████  ▀███▀  ████  ████ ███    ███████   ▄█████▄█ ▄
 ████ ████ ████ ▀███  ███▄     ████   ▀████▄    ▄█████  ▀████▄   ▄████▀   ████ ███     ▀█████   ██    ██ █
████        ████ ▀███  ████    ████     ▀██████████▀      ▀█████████▀     ████ ███       ████ ▄ ▀█████▀█ █

░███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███░
░███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███░
████████████████████████████████████████████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████████████████████████████████████████
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░██████░░░██████░░░██████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░█████░░░░░████░░░░░█████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░████░░░░░░░██░░░░░░░████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███░░░░░░░░░░░░░░░░░░███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
████
██████
████
██
WEBSITE
▬◎▬◎▬◎▬◎▬
TWITTER

██
████
██████
████
██
FACEBOOK
▬◎▬◎▬◎▬◎▬
INSTAGRAM

██
████
██████
████
██
LINKEDIN
▬◎▬◎▬◎▬◎▬
MEDIUM

██
████
██████
████
██
0xF6487E
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
July 14, 2015, 09:56:06 PM
 #23

One billion Chinese, just think if 5% from them are gamblers. And from them 20% win - it is 1 000 000  Grin
Think of the profits the other 80% are making to the casinos. Wink
jeffthebaker
Legendary
*
Offline Offline

Activity: 1442
Merit: 1034


View Profile
July 14, 2015, 10:05:26 PM
 #24

Yes, China is a gambling culture, much larger than the US. Gambling is deeply entrenched in Chinese culture, which explains their nature in regards to the stock market as well as Bitcoin market.
Swordsoffreedom
Hero Member
*****
Offline Offline

Activity: 980
Merit: 1000



View Profile
July 15, 2015, 06:24:52 AM
 #25

One billion Chinese, just think if 5% from them are gamblers. And from them 20% win - it is 1 000 000  Grin
Think of the profits the other 80% are making to the casinos. Wink

One of the best investments is being part of the House in a casino
Always make profits in the end.
As for why Chinese tend to take risks its because they want to be rich quickly and not live as modestly, that and they have a lot of gambling games hard to stop once you start.
aakashsangwan
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile WWW
July 15, 2015, 09:44:40 AM
 #26

best day  for robbery is friday
Yes of course it is logical as on weekends most of the banks are closed.
So after robbery on Friday you will be long gone before they will even know on Monday.
So basically it is not astrology,  but it is logical thinking.
randy8777
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile
July 15, 2015, 10:08:07 AM
 #27

chinese people are very short term investors who are only looking for quick profits. they invest their entire mortgage funds into very high risky investments. says enough. chinese people are gamblers.
Falconer
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 500



View Profile
July 15, 2015, 12:28:54 PM
 #28

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.
What are things that made them good in financial management? We can learn that in college, nothing special then.

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
So, what will they do if the backup plan is still not working like they want? Is there a backup of backup plan then? I think every person always have the plan B if the plan A isn't successful, not only chinese.

Yes, China is a gambling culture, much larger than the US. Gambling is deeply entrenched in Chinese culture, which explains their nature in regards to the stock market as well as Bitcoin market.
Even they have built the largest bitcoin mining https://bitcointalk.org/index.php?topic=969823.0

Thay have that in  blood,but thay had also good astrologist and his traditional fortune astrology

Really good astrologist can calculate day whan you have very very goodchance to win
So could we become a pretty lucky person too if we learn the astrology then?

In ancients culture Astrology it was sciance.But look it is funny and real,due to ancient Tibetain astrology
best day  for robbery is friday
I'm not sure about it, since in the 10 most successful bank robbery in the world, only 5 of them who did robbery in weekend and only one in friday http://www.enkivillage.com/successful-bank-robberies.html
pereira4
Legendary
*
Offline Offline

Activity: 1428
Merit: 1058


View Profile
July 15, 2015, 02:36:04 PM
 #29

The chinese have a lot of superstitions, I find it specially amusing that they liked the idea of Gavin Andersen on the 8MB increase every 2 years only because the number 8 means something like "good luck" or "good future" for the chinese. I mean cmon, can they at least make a better argument? lol. Anyway, I like the idea as well, but not because of that only. Meanwhile the chinese seem to really put a lot of importance into those things.
arallmuus
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1005


View Profile
July 16, 2015, 10:36:55 AM
 #30

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

So, what will they do if the backup plan is still not working like they want? Is there a backup of backup plan then? I think every person always have the plan B if the plan A isn't successful, not only chinese.


In fact not everyone has a backup plan some are into blindly going all in and hope that they will be rich in a split of night. Im merely stating that this is how chinese are because given the nature that they are not the type to sit down and watch their things fall into pieces without having nothing to be done. Even if the backup plans fell apart, they are still not the type to give up that easily. In most cases they will just try to resort something rather than sitting down and give up
Falconer
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 500



View Profile
July 16, 2015, 12:12:23 PM
 #31

In fact not everyone has a backup plan some are into blindly going all in and hope that they will be rich in a split of night. Im merely stating that this is how chinese are because given the nature that they are not the type to sit down and watch their things fall into pieces without having nothing to be done. Even if the backup plans fell apart, they are still not the type to give up that easily. In most cases they will just try to resort something rather than sitting down and give up

I'm not sure all chinese businessman have the character like you said. If so, then there is no business will go bankrupt in China then. But, the main problem in China industry is there are many business of imitation products. So, I think character of chinese is they like imitate anything to get profit for themselves.
Hazir
Legendary
*
Offline Offline

Activity: 1596
Merit: 1003


★Nitrogensports.eu★


View Profile
July 16, 2015, 12:45:28 PM
 #32

In fact not everyone has a backup plan some are into blindly going all in and hope that they will be rich in a split of night. Im merely stating that this is how chinese are because given the nature that they are not the type to sit down and watch their things fall into pieces without having nothing to be done. Even if the backup plans fell apart, they are still not the type to give up that easily. In most cases they will just try to resort something rather than sitting down and give up

I'm not sure all chinese businessman have the character like you said. If so, then there is no business will go bankrupt in China then. But, the main problem in China industry is there are many business of imitation products. So, I think character of chinese is they like imitate anything to get profit for themselves.
Imitation game is just the beginning for Chinese companies. I am not sure that you know that many famous brands are in the Chinese hands now: Volvo, Saab and Motorola are now chinese.
They even bought luxury hotel Waldorf Astoria from New York. And they have pure Chinese brands as well for example: Lenovo.

Here we have - ranking of the most valuable Chinese brands:



           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄          
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █              
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER  
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
arallmuus
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1005


View Profile
July 16, 2015, 12:47:16 PM
 #33

In fact not everyone has a backup plan some are into blindly going all in and hope that they will be rich in a split of night. Im merely stating that this is how chinese are because given the nature that they are not the type to sit down and watch their things fall into pieces without having nothing to be done. Even if the backup plans fell apart, they are still not the type to give up that easily. In most cases they will just try to resort something rather than sitting down and give up

I'm not sure all chinese businessman have the character like you said. If so, then there is no business will go bankrupt in China then. But, the main problem in China industry is there are many business of imitation products. So, I think character of chinese is they like imitate anything to get profit for themselves.

The bolded part is the answer for your post because everyone have a tendency to get more profit and so does the Chinese. As I have stated, Chinese are speculator and dare to take a risk therefore whenever there are something that they "think" can earn them some profit then they will surely go for it. No matter what kind of business that they would do as long as it isnt illegal they will probably do it and that is what kind of chinese mentality is ( also some illegal things as well I supposed )

P.S : yeah right on the nail with the imitation product however some of their products are actually top notch brand
Falconer
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 500



View Profile
July 16, 2015, 02:14:28 PM
Last edit: July 16, 2015, 04:01:09 PM by Falconer
 #34

Imitation game is just the beginning for Chinese companies. I am not sure that you know that many famous brands are in the Chinese hands now: Volvo, Saab and Motorola are now chinese.
They even bought luxury hotel Waldorf Astoria from New York. And they have pure Chinese brands as well for example: Lenovo.

Here we have - ranking of the most valuable Chinese brands:

-snip-
Volvo, Saab, Waldorf Astoria and Motorola were not Chinese companies initially, every rich guy can buy these companies. I only know few China brand in your pics, never heard about most of them.

The bolded part is the answer for your post because everyone have a tendency to get more profit and so does the Chinese. As I have stated, Chinese are speculator and dare to take a risk therefore whenever there are something that they "think" can earn them some profit then they will surely go for it. No matter what kind of business that they would do as long as it isnt illegal they will probably do it and that is what kind of chinese mentality is ( also some illegal things as well I supposed )

P.S : yeah right on the nail with the imitation product however some of their products are actually top notch brand
Well I think there is no special with chinese then, actually I want to know is there something behind their character why they dare to take a risk, like astrology, doctrines, etc.


I got an interesting article about facts and details of China business. http://factsanddetails.com/china/cat9/sub62/item355.html

neurotypical
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


View Profile
July 16, 2015, 04:13:50 PM
 #35

I don't see them as risky, I see them as insanely hard workers (to the point of being unhealthy), just obsession with wealth and making money and working and working, and then as someone mentioned they seem to obsessed with superstitious stuff.
pigzone
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
July 16, 2015, 05:21:02 PM
 #36

Their Chinese man they do what they want
aakashsangwan
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile WWW
July 17, 2015, 03:18:17 AM
 #37

Their Chinese man they do what they want
LOL,  every body does what they want.
I've never met someone who does a thing what they don't want to do.
arbitrage001
Legendary
*
Offline Offline

Activity: 1068
Merit: 1000


View Profile
July 17, 2015, 03:33:49 AM
 #38

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.

Many Chinese treat it as a social activity and exchange information during the session.
HarHarHar9965
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1000


View Profile
July 17, 2015, 05:32:15 AM
 #39

I don't see them as risky, I see them as insanely hard workers (to the point of being unhealthy), just obsession with wealth and making money and working and working, and then as someone mentioned they seem to obsessed with superstitious stuff.

Well, to be honest, In fairness of China if you don't have money, you won't likely be married if you are a man. Sending your kid to college will only end like a dream. There is no social safety net. Money has a great influence and money gets you a great life. The fact that wealth is so valued there just makes the society all the more cut throat. Regarding superstitions, I see a lot of that in Asian countries.
aakashsangwan
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile WWW
July 17, 2015, 06:09:54 AM
 #40

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
Hey friend,  the thing that you are saying is also called "calculated risk".
So basically most of the times they invest in something is a calculated risk.
Pages: « 1 [2] 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!