Why is the Chinese mentality so risky? - page 3.

Falconer

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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.
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.

Quote from: jeffthebaker on July 14, 2015, 05:05:26 PM

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://bitcointalksearch.org/topic/--969823

Quote from: Pab on July 14, 2015, 04:26:32 PM

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?

Quote from: Pab on July 14, 2015, 04:26:32 PM

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

randy8777

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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.

aakashsangwan

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PUGG.io

Quote from: Pab on July 14, 2015, 04:26:32 PM

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.

Swordsoffreedom

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Quote from: 0xF6487E on July 14, 2015, 04:56:06 PM

Quote from: HeroCat on July 13, 2015, 08:09:37 AM

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.

jeffthebaker

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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.

0xF6487E

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Quote from: HeroCat on July 13, 2015, 08:09:37 AM

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

Pab

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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

hikedoon

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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.

arallmuus

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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

Falconer

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Quote from: Kprawn on July 14, 2015, 02:57:29 AM

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

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.

gentlemand

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Quote from: Kprawn on July 14, 2015, 02:57:29 AM

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

Ingatqhvq

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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.

The gamblers culture is inside the bone of Chinese people. They all like gambling.

Kprawn

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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

Falconer

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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? 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

scarsbergholden

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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.

bit1

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Maybe adn?

arallmuus

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Quote from: aakashsangwan on July 13, 2015, 07:48:09 AM

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

Scamc0p

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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

ridery99

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Quote from: Miracal on July 11, 2015, 10:35:40 AM

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?

HeroCat

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One billion Chinese, just think if 5% from them are gamblers. And from them 20% win - it is 1 000 000 Grin

Topic: Why is the Chinese mentality so risky? - page 3. (Read 3443 times)