I have a theory: >Chinks are more susceptible to FOMO. >Chinese

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Anonymous
2017-09-13 05:25:07 Post No. 3454053
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Anonymous 2017-09-13 05:25:07 Post No. 3454053 [Report]

I have a theory:
>Chinks are more susceptible to FOMO.
>Chinese culture is collectivist so chinks are more prone to imitate each other.
>This makes them bad traders. They buy high, sell low.
>So, overall, chinks trend to lose on trade vs. Westerners.
>Crypto trading transfers wealth from China to the West.
>Chinese government notices this phenomenon.
>Decides to protect chinks from their own FOMO driven stupidity by banking exchanges.
>I'm summary: Chink government seeks to profit from mining. Exchanges are bad for the chink economy.

Anonymous 2017-09-13 05:27:26 Post No.3454069
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Anonymous 2017-09-13 05:27:26 Post No.3454069 [Report]

>>3454053
Last time I checked /biz/ is populated not by Chinks but by Amerifags

Anonymous 2017-09-13 05:29:34 Post No.3454087
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Anonymous 2017-09-13 05:29:34 Post No.3454087 [Report]

This is spot on. Chinese are driven more by greed and easy money but are shit risk managers. It's why gambling is banned there.

Anonymous 2017-09-13 05:33:00 Post No.3454115
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Anonymous 2017-09-13 05:33:00 Post No.3454115 [Report]

Chinks don't give a shit if the market crashes as long as part of their money is outside the reach of the party if they get hauled into a kangaroo court for "corruption".

That's why the new Vancouver hosing tax barely slowed them down from buying up everything they could.

Gweilo OTOH seem to act like wannabe share day traders and will sell on the slightest downturn.

I have a theory: >Chinks are more susceptible to FOMO. >Chinese

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/