Why is the Chinese mentality so risky? - page 2.

Scamc0p

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Quote from: arallmuus on July 19, 2015, 04:56:14 AM

Quote from: Q7 on July 17, 2015, 10:25:40 PM

I don't know if technology means that much to them

They have the nature to be hardworking to strive for profit therefore Its not about the technology that driven them it is mainly profit. Basically anything that could make profit for them will be taken into their target despite that it is a nontech things or such.

If you would to compare A and B which A is a rubbish and B is the future technology then whichever could get them a profit would be their choice despite that it is a rubbish or a future technology

But this is what anybody in another culture does. That is not solely just for theirs.
If something is not done for a profit then why would anyone do it, for free? Roll Eyes

arallmuus

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Quote from: Q7 on July 17, 2015, 10:25:40 PM

I don't know if technology means that much to them

They have the nature to be hardworking to strive for profit therefore Its not about the technology that driven them it is mainly profit. Basically anything that could make profit for them will be taken into their target despite that it is a nontech things or such.

If you would to compare A and B which A is a rubbish and B is the future technology then whichever could get them a profit would be their choice despite that it is a rubbish or a future technology

Scamc0p

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I've always thought it was the government that caused their people to be risky hence eventually turning greedy.
But my view is pure speculation because having never been to the country of the rising sun, I can not give a determined educational answer for never experiencing their culture first hand.

botany

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Quote from: Q7 on July 17, 2015, 10:25:40 PM

Sometimes it's just the culture of the people. You can see that they are willing to take the risk on the expense of ending up with nothing. It's not just the casino but it's pretty inherent with stock markets as well. When it comes to bitcoin, for them it's just an opportunity to gamble and make more money. I don't know if technology means that much to them, but the allure of profit would be the main driver.

Financial repression by the Chinese government is another reason. With interest rates kept artificially low, people are forced to look for alternative assets where the yield is higher. So the stock markets turn out to be a gamble, which the Chinese take.

Q7

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Sometimes it's just the culture of the people. You can see that they are willing to take the risk on the expense of ending up with nothing. It's not just the casino but it's pretty inherent with stock markets as well. When it comes to bitcoin, for them it's just an opportunity to gamble and make more money. I don't know if technology means that much to them, but the allure of profit would be the main driver.

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Quote from: bitrev on July 17, 2015, 07:33:52 PM

I thought this topic was an interesting read, in fact it is just speculation. Bad.

Chip in with some of your own insight, then.

bitrev

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I thought this topic was an interesting read, in fact it is just speculation. Bad.

Zorrocoin

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Quote from: HarHarHar9965 on July 17, 2015, 12:32:15 AM

Quote from: neurotypical on July 16, 2015, 11:13:50 AM

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.

China has a massive population of about 1.3 billion . Chinese people are extremely hard working , smart and money- loving people. As you said, money does have a great influence and affects their decisions a lot , just like other people. In such a huge economy with rising competition andd accelerating prices , people are accepting new things and new options to advance their money supply. and superstition stuff as you said is also followed greatly in the Asian countries.

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Quote from: arallmuus on July 14, 2015, 02:44:46 PM

Quote from: Falconer on July 14, 2015, 01:36:24 AM

Quote from: arallmuus on July 13, 2015, 11:43:21 AM

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.

HarHarHar9965

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Quote from: neurotypical on July 16, 2015, 11:13:50 AM

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.

arbitrage001

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Quote from: cafucafucafu on July 11, 2015, 08:42:16 AM

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.

aakashsangwan

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Quote from: pigzone on July 16, 2015, 12:21:02 PM

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.

pigzone

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Their Chinese man they do what they want

neurotypical

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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.

Falconer

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Quote from: Hazir on July 16, 2015, 07:45:28 AM

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.

Quote from: arallmuus on July 16, 2015, 07:47:16 AM

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

arallmuus

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Quote from: Falconer on July 16, 2015, 07:12:23 AM

Quote from: arallmuus on July 16, 2015, 05:36:55 AM

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

Hazir

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Quote from: Falconer on July 16, 2015, 07:12:23 AM

Quote from: arallmuus on July 16, 2015, 05:36:55 AM

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:

Falconer

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Quote from: arallmuus on July 16, 2015, 05:36:55 AM

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.

arallmuus

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Quote from: Falconer on July 15, 2015, 07:28:54 AM

Quote from: arallmuus on July 14, 2015, 02:44:46 PM

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

pereira4

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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.

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