Short-term gains often mask deeper problems. You make money fast, sure—but the real damage comes later. The tricky part happens over longer market cycles, when the same risky behavior keeps paying off year after year. Look at what happened in China's property sector from 1990 to 2020. Excessive leverage and speculation were consistently rewarded, so participants kept doubling down. Everyone who took crazy risks got richer in the moment. But that's exactly how bubbles build—when the market keeps validating bad behavior instead of punishing it, you get into serious trouble. The system trains people to keep pushing harder until something breaks.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ConsensusDissentervip
· 23h ago
The 20 to 30 years of China's real estate industry was truly a textbook-level frenzy... Making quick profits, but what about the long term? Who cares about systemic risk?
View OriginalReply0
EternalMinervip
· 01-06 03:45
You know what, that just makes me laugh. China's real estate market over the past twenty years is basically a living textbook, with many people疯狂加杠杆 (rushing to leverage up), and now... Sigh. --- The most terrifying thing about bubbles is that they make you think you're smart, making money all the way and feeling great, and you simply can't stop. --- So the problem is that the market didn't correct in time; instead, it kept rewarding this疯狂行为 (crazy behavior), which is outrageous. --- This logic is the same in the crypto world. Even in a bear market, people haven't learned their lesson and keep repeating the same mistakes. --- Short-term wealth can truly be the biggest poison, causing people to completely lose their sense of risk.
View OriginalReply0
rugpull_ptsdvip
· 01-03 10:50
This is the gambler's fallacy—thinking you're invincible after winning repeatedly.
View OriginalReply0
AirdropFatiguevip
· 01-03 10:47
This is exactly the true portrayal of China's real estate industry. Everyone is a genius when making money, but on the day it collapses, everyone is a victim.
View OriginalReply0
OfflineNewbievip
· 01-03 10:35
Oh my, that part about China's real estate really hit me. At that time, people around me were frantically leveraging up, and I was still hesitating... And now? Everyone's become the bagholder.
View OriginalReply0
DeepRabbitHolevip
· 01-03 10:27
Haha, isn't this just the common script of China's real estate market? When making quick money, no one thinks about the aftermath. Only after the bubble bursts do they start to regret.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)