Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Ibian]

The strongest predictor of socioeconomic status is the SES of your parents. On that basis only smart babies choose to be born to wealthy parents  

IQ is mostly genetic. There is literally nothing we can do about it, as far as we currently know. Blame your parents if you wish.

I disagree with that notion. IQ is a statistical measure of rather arbitrary test results of tests that can be practiced for. If you really cared you could increase your IQ to 120~140ish by sheer effort. From that point onward we're so far to the right of the mean that no tests really exist in sufficient volume.

I agree that you can practice for IQ tests, which is exactly why I didn't do it when I took one years ago. Felt like cheating. That said, someone with let's say an "unpracticed" IQ of 80 can't train himself up to 120. There are limits to what is possible, and those limits are inherent to the individual. And even then it doesn't carry over to other areas of life.

I have never seen anybody train themselves from 80 to 120, so I can't even pretend to know whether this is possible or not. But I tend towards believing that sustained practice, perhaps under proper guidance, would eventually make such an increase possible, given that the individual in question actually put their mind into actively improving. And I'd be quite curious to see whether or not such an increase would pass on to first generation offsprings.

And depending on how that "training" took place it might very well carry over to other areas of life, but that'd be up to the individual and the training methods.

The moment I started conflating ideas and concepts from completely unrelated subjects was roughly when I started noticing a substantial increase in my own performance when it comes to learning new things. But that could possibly be just an overall change in mentality, as I used to build knowledge from first principles or from ground up.
Now I use analogies, fill the gaps and then check for logical errors. The latter method is significantly more efficient, but I doubt it would be possible without solid fundamentals.

Point being that there are a numerous potential tweaks to thinking that can be applied to all aspects of life.

And again, it has never been shown to be possible to measurably increase IQ. It's been tried.

What is possible is to teach people to think in useful ways. But that's not IQ.

How hard were they trying though? I recall reading a paper from one of the Ivy League universities that concluded that perfect pitch could not be learned in adulthood. And the argumentation, as well as the experiment itself, was lackluster to say the least.

Really hard. As in everything that can possibly be done within legal and ethical means. This is study time on google if that's not enough.

[trepper]

Racist is a meaningless buzzword, stating facts is now racist, yes jews control the media, and the banks, that's a fact, get over it.
yes blacks on average score much lower on IQ tests and commit a disproportionately high amount violent crimes?  is that ''racist''? don't know, don't care, but it happens to be true.

OMG People of color score lower on Ethnocentric tests. I'm not even going to dignify the rest of your crap.

Get a grip, you're a racist.

P.S.  This thread is about BTC.

*sigh* no. IQ tests are simply pattern recognition. There is nothing cultural about it. That tired old excuse is... tiresome.

And they do commit more crime. About four or five times as much per capita. Again, easy enough to look up for anyone who actually cares.

Socio-economic status is a far more reliable predictor of IQ test performance.  Low SES children consistently underperform

You got it reversed. Low social status and poverty is a result of low IQ.

The strongest predictor of socioeconomic status is the SES of your parents. On that basis only smart babies choose to be born to wealthy parents  

IQ is mostly genetic. There is literally nothing we can do about it, as far as we currently know. Blame your parents if you wish.

I disagree with that notion. IQ is a statistical measure of rather arbitrary test results of tests that can be practiced for. If you really cared you could increase your IQ to 120~140ish by sheer effort. From that point onward we're so far to the right of the mean that no tests really exist in sufficient volume.

There is a difference between IQ and Intelligence. The former being only an attempt to measure the latter.

The way I think of it is, there is intelligence and knowledge. IQ is like a processor, and knowledge is the programming.

Would you rather have a supercomputer that can only compute prime numbers, or a regular laptop that can do anything? Simply being smart is not enough, it has to be put to practical use.

He (rightly) objects to you that IQ is not intelligence, just a (failed) attempt to estimate it.
Your metaphor misses the point and proves just one thing: you don't understand what intelligence is.

But it's not your fault: your racist brain can't compute such alien concepts, it's intelligent-proof.



 

[BTCMILLIONAIRE]

Racist is a meaningless buzzword, stating facts is now racist, yes jews control the media, and the banks, that's a fact, get over it.
yes blacks on average score much lower on IQ tests and commit a disproportionately high amount violent crimes?  is that ''racist''? don't know, don't care, but it happens to be true.

OMG People of color score lower on Ethnocentric tests. I'm not even going to dignify the rest of your crap.

Get a grip, you're a racist.

P.S.  This thread is about BTC.

*sigh* no. IQ tests are simply pattern recognition. There is nothing cultural about it. That tired old excuse is... tiresome.

And they do commit more crime. About four or five times as much per capita. Again, easy enough to look up for anyone who actually cares.

Socio-economic status is a far more reliable predictor of IQ test performance.  Low SES children consistently underperform

You got it reversed. Low social status and poverty is a result of low IQ.

The strongest predictor of socioeconomic status is the SES of your parents. On that basis only smart babies choose to be born to wealthy parents  

IQ is mostly genetic. There is literally nothing we can do about it, as far as we currently know. Blame your parents if you wish.

I disagree with that notion. IQ is a statistical measure of rather arbitrary test results of tests that can be practiced for. If you really cared you could increase your IQ to 120~140ish by sheer effort. From that point onward we're so far to the right of the mean that no tests really exist in sufficient volume.

There is a difference between IQ and Intelligence. The former being only an attempt to measure the latter.

The way I think of it is, there is intelligence and knowledge. IQ is like a processor, and knowledge is the programming.

Would you rather have a supercomputer that can only compute prime numbers, or a regular laptop that can do anything? Simply being smart is not enough, it has to be put to practical use.

He (rightly) objects to you that IQ is not intelligence, just a (failed) attempt to estimate it.
Your metaphor misses the point and proves just one thing: you don't understand what intelligence is.

But it's not your fault: your racist brain can't compute such alien concepts, it's intelligent-proof.



 

How does asserting that genetics play a factor in intelligence make him racist? There's bound to be at the very least some correlation.

[Ibian]

Racist is a meaningless buzzword, stating facts is now racist, yes jews control the media, and the banks, that's a fact, get over it.
yes blacks on average score much lower on IQ tests and commit a disproportionately high amount violent crimes?  is that ''racist''? don't know, don't care, but it happens to be true.

OMG People of color score lower on Ethnocentric tests. I'm not even going to dignify the rest of your crap.

Get a grip, you're a racist.

P.S.  This thread is about BTC.

*sigh* no. IQ tests are simply pattern recognition. There is nothing cultural about it. That tired old excuse is... tiresome.

And they do commit more crime. About four or five times as much per capita. Again, easy enough to look up for anyone who actually cares.

Socio-economic status is a far more reliable predictor of IQ test performance.  Low SES children consistently underperform

You got it reversed. Low social status and poverty is a result of low IQ.

The strongest predictor of socioeconomic status is the SES of your parents. On that basis only smart babies choose to be born to wealthy parents  

IQ is mostly genetic. There is literally nothing we can do about it, as far as we currently know. Blame your parents if you wish.

I disagree with that notion. IQ is a statistical measure of rather arbitrary test results of tests that can be practiced for. If you really cared you could increase your IQ to 120~140ish by sheer effort. From that point onward we're so far to the right of the mean that no tests really exist in sufficient volume.

There is a difference between IQ and Intelligence. The former being only an attempt to measure the latter.

The way I think of it is, there is intelligence and knowledge. IQ is like a processor, and knowledge is the programming.

Would you rather have a supercomputer that can only compute prime numbers, or a regular laptop that can do anything? Simply being smart is not enough, it has to be put to practical use.

He (rightly) objects to you that IQ is not intelligence, just a (failed) attempt to estimate it.
Your metaphor misses the point and proves just one thing: you don't understand what intelligence is.

But it's not your fault: your racist brain can't compute such alien concepts, it's intelligent-proof.

IQ is the single best predictor for life success, especially the ability to make and manage money. Whatever the actual mechanics, the statistics are clear. That's why the richest people in the world are mostly jews, they are the single most intelligent group of people in the world, followed by chinese and japanese and then europeans. Just how it is.

[Ibian]

Racist is a meaningless buzzword, stating facts is now racist, yes jews control the media, and the banks, that's a fact, get over it.
yes blacks on average score much lower on IQ tests and commit a disproportionately high amount violent crimes?  is that ''racist''? don't know, don't care, but it happens to be true.

OMG People of color score lower on Ethnocentric tests. I'm not even going to dignify the rest of your crap.

Get a grip, you're a racist.

P.S.  This thread is about BTC.

*sigh* no. IQ tests are simply pattern recognition. There is nothing cultural about it. That tired old excuse is... tiresome.

And they do commit more crime. About four or five times as much per capita. Again, easy enough to look up for anyone who actually cares.

Socio-economic status is a far more reliable predictor of IQ test performance.  Low SES children consistently underperform

You got it reversed. Low social status and poverty is a result of low IQ.

The strongest predictor of socioeconomic status is the SES of your parents. On that basis only smart babies choose to be born to wealthy parents  

IQ is mostly genetic. There is literally nothing we can do about it, as far as we currently know. Blame your parents if you wish.

I disagree with that notion. IQ is a statistical measure of rather arbitrary test results of tests that can be practiced for. If you really cared you could increase your IQ to 120~140ish by sheer effort. From that point onward we're so far to the right of the mean that no tests really exist in sufficient volume.

There is a difference between IQ and Intelligence. The former being only an attempt to measure the latter.

The way I think of it is, there is intelligence and knowledge. IQ is like a processor, and knowledge is the programming.

Would you rather have a supercomputer that can only compute prime numbers, or a regular laptop that can do anything? Simply being smart is not enough, it has to be put to practical use.

He (rightly) objects to you that IQ is not intelligence, just a (failed) attempt to estimate it.
Your metaphor misses the point and proves just one thing: you don't understand what intelligence is.

But it's not your fault: your racist brain can't compute such alien concepts, it's intelligent-proof.



 

How does asserting that genetics play a factor in intelligence make him racist? There's bound to be at the very least some correlation.

Lefties are at war with reality. He doesn't actually believe what he says. Nor will you ever get him to define what he means by racist.

[kurious]

Bitstamp does have chained orders. You should play a bit with it as it could automate a bit more your trading. I don't use bots either, that would be too much automation for me and my smallish trading. This is just for setting an equal higher limit sell order right after the buy order has been filled... and viceversa. But it only does it one time, after the second order is executed (what I denominate a "combo" in lack of a better term) you would need to manually insert a new one (or if you are "live" substitute the standing second order for a chained one).

In bitstamp you just have to go put a limit order as you usually do and then you have a small link that says "advanced" and when clicked you can set at which price the contrarian order will be put AFTER the first one gets filled.

For me it is a VERY useful feature. YMMV.

Yep, I use it a lot, saves me watching all night to see if an order has been filled, before putting in the corresponding order.

Been a boon with this 'ball bouncing down stairs' action.   Helped me to scoop up small wins, which I have then used to hoover up more coin on the way down.   Overall stash is down in value of course - but for getting more coin in a downtrend, it's been useful.  I just wish you could set the corresponding buy or sell for a different amount of coin (as well as price).

[JayJuanGee]

[edited out]

Bitstamp does have chained orders. You should play a bit with it as it could automate a bit more your trading. I don't use bots either, that would be too much automation for me and my smallish trading. This is just for setting an equal higher limit sell order right after the buy order has been filled... and viceversa. But it only does it one time, after the second order is executed (what I denominate a "combo" in lack of a better term) you would need to manually insert a new one (or if you are "live" substitute the standing second order for a chained one).

In bitstamp you just have to go put a limit order as you usually do and then you have a small link that says "advanced" and when clicked you can set at which price the contrarian order will be put AFTER the first one gets filled.

For me it is a VERY useful feature. YMMV.

Previously, I had never noticed that feature on Stamp, and just now, in reaction to the information of your post, I looked it up and it looks like something that I may be able to use, perhaps... so maybe I will give it a shot.. it might be useful in some circumstances..


In recent times, I have been selling less BTC than I buy and buying more BTC than I sell, but the feature could still work on a temporary basis until I am able to reset my regular orders, perhaps?   And I just did a quick browse at my other exchanges, GDAX, WEX and Gemini, and they do not seem to have such a feature.    Possibly, a decently useful feature in some circumstances, like you suggested.. thanks.

[Phil_S]

Looks like we're going to 9000 and pretty soon.

 

[HairyMaclairy]

Thank for the reference to chained orders on stamp. As a recent refugee from BFX, never noticed them before.  

[HairyMaclairy]

Looks like we're going to 9000 and pretty soon.

 

Are we ready to FOMO yet?

[rjclarke2000]

I need 10k back in my life.

[kurious]

I must say:

It's been very reassuring to see certain views being challenged in this thread which have been left to pass by without comment before.

I was beginning to wonder, now I find I am not alone. Respect to those who spoke up, it was about time.

'nuff said.


On with WO nonsense in all its flavours.

[Ibian]

I must say:

It's been very reassuring to see certain views being challenged in this thread which have been left to pass by without comment before.

I was beginning to wonder, now I find I am not alone. Respect to those who spoke up, it was about time.

'nuff said.


On with WO nonsense in all its flavours.

And still nothing concrete. Why are you being so vague? Why not be clear on what you are even talking about?

[trepper]

IQ is the single best predictor for life success, especially the ability to make and manage money.

Notwithstanding the circularity of the argument, the best predictor to make money is the amount of money you have, and the best predictor of this amount is the amount your parents had...

get him to define what he means by racist.

This:

That's why the richest people in the world are mostly jews, they are the single most intelligent group of people in the world, followed by chinese and japanese and then europeans. Just how it is.

[Phil_S]

BCash and BGold:

[conspirosphere.tk]

On with WO nonsense in all its flavours.

And still nothing concrete. Why are you being so vague? Why not be clear on what you are even talking about?

They hate "racism" and love different cultures without noticing that they are all fucking "racist" versus foreigners. They love "diversity" until no one contradicts their faith, then against dissidents they have no reserves to de-humanize them and demanding censorship. They are utterly brainwashed by jewish mind tricks and they pretend to be on an higher moral standing. That's why the west is doomed.

A must read on such sick minds:
http://alt-market.com/articles/3362-a-post-mortem-on-the-corpse-of-social-justice

[orpington]

BCash and BGold:

Roger pumping his shitcoin again? yuck

The timing is no surprise

[trepper]

That's why the west is doomed.

West of what?

[Sitarow]

BCash and BGold:

Roger pumping his shitcoin again? yuck

The timing is no surprise

Notice how ltc to BTC took a hit?

These new coins have given market manipulation a new trading pair that is a dream come true for market manipulation of the inexperienced.

[Wilhelm]

Since the dip we are currently climbing at approximately $750/day  

We will be seeing $10k before monday hopefully.
ATH might get passed before the end of the month.

We will get some testing of support but other than that we are going bullish again

Fingers crossed