Topic: Explain to me why you think you are more knowledgable about bitcoin than me (Read 345 times)

It is meant to be untrue thereby proving your criteria false..
Their was no insult intended because it is quite obvious that your IQ is higher than 2, evidence being you seem to have found the power button on a computer..


I like "whales" manipulating the market.. It's just free market to me, and they keep the market interesting..
As long as they have the coin to risk manipulating the market with then have at it.. Put on a show!!

What I dislike is exchanges manipulating the market that don't actually have the coins.. Fake coins (or $$)..

The real king doesn't need to remind everyone who he is.

I wanted to reply in this thread and explain something to OP, much like franky1 did, but when I saw him boasting about how experienced and knowledgeable he is I knew that it would be a waste of time.  Let's leave Mr. Know All to himself. He's obviously looking for recognition and approval.
Also, don't forget to report my post OP. I know that it turns you on.

Why does it matter? I suspect that there may be a couple of areas where I have greater knowledge than most of the members here, and this may give me an advantage when applying it to the Bitcoin economy, but in most areas my knowledge is less than many here. The importance of this forum is the improvement and dissemination of knowledge, and I am grateful to be able to be a part of it. You opening post seemed to emphasise your trading knowledge, but that is peripheral to Bitcoin in my opinion.

You may have noticed that I referred to the Bitcoin economy, rather than to Bitcoin, and I believe that the long term stability and potential of Bitcoin is more important than short term trading activities.

Why does it seems like you are looking for a fight? Who said that you don't know Bitcoin? Yeah you've got experiences, you made a lot of money, but that doesn't only measure how good and knowledgeable you are in bitcoin. We have our own knowledge about Bitcoin that we acquired through experience.

Let's say you have more knowledge than me. Then congrats. I hope you also learn how to control your emotions and how to be humble about getting "rich" because you know how to trade. Instead of boasting, why not use your knowledge to teach other people.

oh c'mon no more comments?  my nordic runes were just going into overdrive (I'm just kidding)

I'm going to bed but almost all the people just trying to act like I don't know about bitcoin, trading, technicals, and act like I'm here for attention should probably be met with skepticism.  Whether or not I'm right or wrong if you are reading this I'm sure you can tell I'm putting effort into this. 

I'm not a psychopath trying to control you.  I'm a 30 year old "kid" who got rich because I learned how to trade bitcoin right instead of acting like the market is one sided and it's always going to go up.  No matter how long society as a whole wants to drag out this "hodler's dream"  it will bring you pain and suffering knowing people like me have time to trade and are trading and selling and buying making more money than you as you sit around and watch your investment like a painting on the wall.  I'm just telling it like it is.  I'm really tired of this joke about acting like it's tough for "doing nothing" and acting like you're a real investor/trader.  Not that holding is wrong but there's a lot of harassment from the "holder community" it seems like towards traders and I'm not really impressed.

and franky if you're serious, I might be smarter than Einstein,
I might be the king of your kingdom,
I might be wiser than a tibetan monk
I am not richer than amazon however,
I could be more popular than Zuckerburg but cannot prove it since it is internet based and don't have data
I do not know more words than an encylopedia
I could be the admiral of all grammar nazis but do not enforce my knowledge
And I did not invent all inventions.

franky you're not looking good to me is there something bothering you?  I'm not going to get involved because it might have to do with a significant decision you're trying to make with your "hoard" right now but I can't argue with you over psychological accusations.  This isn't really about that kind of thing.

seems you feel de-emasculate and trying to re-affirm your intelligence, as psychologically you feel like you made some stupid trades due to whales making you emotional.

so here goes
you are king of your kingdom
you are smarter then Einstein
you are wiser than a tibetan monk
you are richer than amazon
you are more popular than zuckerburg
you know more words than an encyclopedia
you are the admiral of all grammar nazi's
you invented all inventions

here even have 1 merit due to you being every positive thing you want people to consider you as.

... now what ..
time to get over your experience and move forward

on the contrary my friend.  I'm not trying to be an expert.  I AM an expert and I'm waiting for everyone to realize that.  Regarding your claims to my comments about vulgar responses, what you say is untrue.  I have been subjected to numerous posts with very bad language and there's a point where I have to draw the line.  Language that I've been exposed to is inhibiting our ability to understand each other and I'm not happy about it.

franky you're accusing me of something that's not true.  Do not do that.  (and you spelled "whine" wrong eheheheh Im gonna flame you so hard jk)

glad it seems like you're seeing that other real people exist and you're starting to not be so judgmental.  good job.

ok tried to be helpful but looks like topic creator just wants to whinge at everyone.

moving on
(yawn)

calm down mate,this is an open forum and everyone is entitled to their opinion.you are the one who started provoking people on how smarter they are compared to you so expect criticism as that is included to the way to create this thread.

i will not rise my flag because i admit that you are smart but we have our own basis about being smart and for me?it is not about how much you earn from this market but how longer you can stay profitin

most of us don't think we are either knowledgeable or experts and what we share is just our opinion based on whatever amount of experience we have. but you on the other hand, seem to be convinced that you are an expert in everything and whenever someone disagrees with your opinion you call their disagreement "vulgar". how do you even expect people to even bother continuing discussion with you when you don't even want to hear anyone opposing your views?

Actually none of this hurts my ego.  I'm doing this to promote safetey and understanding of bitcoin, not act like I'm smarter than you.  A lot of what your post is based off of seems valid, however just because I dont have posts for four years HERE doesn't mean I haven't been active in the community.

and franky, I'm not butthurt and you dont need to explain market analytics to me, I'm actually smart as f%$#.  I even took astrophysics in college, pretty neat huh?  Hope you don't kill yourself too hard if things keep going down franky.  You understand that if bitcoin keeps going down I can't do anything about the value of your "hoard" right?  Lets just get that clear.

seems like you are angry at the world. i can understand things get emotional. but remaining angry helps no one and can mess with your health if it goes on too long.
and if you look at my post history you will see i am on these forums and active daily.
i am not an occasional trader i am an active trader. i do not follow the crappy 'trend' analysis stuff of drawing lines on charts based purely on previous lines. i actually study technical considerations such as how much coins are hoarded in exchanges coldwallets(bitcoin richlist) vs how much exits those addresses

i also look at the cost of mining as a base number of costs. and also the UTXO movements of how much moves in certain periods to see if people are actively moving funds around or just hoarding. which helps me to base if a bitcoin price is near value or speculative way to high above value.

when analysing the UTXO over time you can start pairing utxo's to a value of the time the funds move and thus get to know what values different peoples holdings have.
EG i still have coins from when they were $6 in 2012 so i could happily sell all the way down to $7 and call it profit..
knowing peoples minimums (id consider $5 a loss) means you get to see what is the absolute bottom number people will sell for to break even and you can start to form a map of value.. and along with mining costs. you can build up what is known as a 'support level' for bottom line values

but here is a tip for when you withdraw your funds from foreign exchanges and use US exchanges
do not put all your funds into one order.
split it up into 5-10 allotments. do not try to grab 5%-10% movements. just aim for 1%-2% movements. they happen many times a day so you can rinse and repeat often and accumulate more than 5%-10% when combining the efforts than you would if just waiting, hoping and praying for waves of 5%-10% or tsunami's of 15%+

if you put one order in and the price doesnt move up. leave it there and while the price moves down put another order in. that way you have 9 other opportunities to ride a dip or hit the lift
just keep riding the small ripples and dont be waiting all day for the tsunami's

when you start lowering your expectations of large spreads and just nibble at the small movements you become less concerned and less worried about the whale orders. you actually start to use the whale orders to your advantage

the funny thing is in 2013 i experienced the same whale order thing as you (MTGox was great then) when there were whales trading 5000btc at a time. i soon learned how to use it to my advantage and learned to appreciate the walls as it actually made me more productive going with their flow instead of treating them as the enemy..
again i didnt put in my huge hoards, i was happily playing with smaller amounts within the walls

but first before considering any of this. take your funds out of foreign exchanges and use one within your jurisdiction

I've never noticed your posts but I did a quick scan of your posting history.

Based on your posting history only, and I apologise if it hurts your ego, a significant portion of the community would have a greater understanding of Bitcoin.  You seem to have an extremely superficial understanding (if you can even call it that) of Bitcoin that has been looked solely though the lens of price and market movements.

Your understanding on the following key topics have not been demonstrated and are likely to be low based on your posting pattern:
- Proof-of-work: how it works, its postives, its drawbacks and its needs basis
- Byzantine Fault Tolerance
- Second layer scaling solutions like the lightning network
- The history of money from adoption based on its properties to the impacts caused by government interference
- Austrian / Keynsian / Chicago / Marxist schools of economic thought and its relationship with bitcoin
- BTC emission schedule and its significance including the current relationship between block rewards and transaction fees
- Longest chain rule and its significance
- Hard forks / soft forks
- The hashing difficulty and its significance

How much money you've made is irrelevant.  Many people holding from early 2007 have made 20,000 + anyway (again this doesnt mean anything) so your 'achievement' means nothing.

No, I'm done being humble if people treat the internet like some place just to "flame" people.  I'm not putting up with rotten attitudes.  They have no place here.  

And to franky, sounds like you might have more experience but maybe not depending on how often you're actually on the computer.  Can't argue with your date but I still might have more experience than you.  It doesn't matter how big of a "hoard" you have either unfortunately.    You're probably the only candidate on this list though who I would consider admitting that you could be more knowledgeable.  Congrats there, but I still can't claim you are.  Thanks for not being a freaking ass like everyone else.  At least I can take your post seriously.

One of your points franky, however I cannot agree with.  Since I have traded on Binance.com and countless other U.S citizens have as well...If it is true I and others from our nation have been subjected to felonies it does not fall "outside" of the U.S. SEC's jurisdiction.

i have been involved in bitcoin since 2012. so if this is a battle about time length. well my 2012 beats your 2014

i have been trading many years although i am not the whale in question, my hoard far surpasses the '500btc' walls you complain about. infact if i was to put my hoards in at once you would see this as manipulative but i would see it as me just trading my funds like everyone else, just that i happen to have more.

i personally dont put my hoards into an exchange for many reasons but i do put in some play money. but if i was to use my split order strategy with the hoards you would be complaining more and crying that it was some form of orchestrated plan. when in reality is i would be just trading.

as for the jurisdictional stuff
you as a US citizen using a service thats not US based does not suddenly give you special powers to then allow the SEC to overstep their jurisdiction. its like if you travel to china and got in trouble. its the chinese government that would be handling you. yes you can speak to the US consulate all you like. but their powers are limited of what they can actually do. you would be stuck at the wil of the chinese government.

the end result is the service could just be requested nicely to do something to stop allowing US citizens access or simply ask you to stop using the service yourself.

if you have a problem with a chines exchange. take your funds out and use an US exchange. then if the US exchange appears to have the same issues as you are concerned with then that exchange would be within your US jurisdiction.

lastly when looking at the exchange orderbook. the order book is just a BTC amount. it has no names or faces or nationality listed. so although you may presume the large wall orders are from manipulative asian traders or ghost orders of the exchange itself. but you actually do not know.
its the same emotional reaction of a school shooting news report. many americans very first though is 'is it a middle eastern terrorist' and for days they whisper concerns and worries. but later find out it wasnt.

without you knowing the culprit you have no culprit
simply saying that your couple BTC is acceptable but no one should be trading 500btc at a time is the same as someone trading 0.05btc and complaining that 2btc is too much

it is emotionally like a homeless man with $2 complaining at someone taking $500 out of an ATM. blaming the guy at the ATM for having so much money.
its a useless mindset to have. so here is a solution, ill repeat it again

take your funds out a foreign exchange and use an US exchange instead.
then if the US exchange appears to have the same issues as you are concerned with then find out the actual culprit and link it to an actual crime. do not speculate as to who you wish/hope/think it is. actually try finding the culprit
then, with that US exchange being within your jurisdiction the SEC can do something about it. but remember. there has to be a culprit.
you cant simply ask a company to shut down because you dont like the experience you received. they can try to improve their service to make users experience better, but they can also stop serving just the vindictive, abusive customers. so dont simply pretend you have the power to shut down an exchange simply because you had a bad experience.

think of it like a mass protest or a music concert. if someone spills your beer or a taller person stands infront of you. you do not have the authority to ask the whole concert to be shutdown. instead try to identify the tall beer spiller that you have problems with and deal with that individual(the whale order creator).
because trying to stop an exchange from allowing people to trade say 500btc wont happen
trying to get a concert to ban tall people wont happen.
and trying to stop an exchange from allowing users to cancel orders for change of mind/mistake reasons wont happen.
trying to make spilling beer or walking while holding a beer illegal wont happen

people should be free to make orders with their funds freely. but if you can prove a culprit and prove the crime. then deal with it

In  opinion, the core of the matter is not that OP is smarter than the rest of us but it is how some members of this forum carry themselves. Admittedly, I sometimes experience some arrogance of a few members of this forum but knowing that we are all still living in a democratic world I just shrugged it off, not letting them affect the way I think while remaining active on this forum. The point of the matter is that no matter how knowledgeable or expert we can be, we should always be humble in dealing with other people and in presenting our own ideas and opinions. There should be no condescending attitude toward anybody as we are all equals in this forum except if one is really just a spammer.