Bitcoin Forum

How would you like to magnify your wealth, influence, and prestige?

Up for consideration is discussion about the formation of a Bitcoin club, where you WILL be respected and regarded for your btc acumen, where you could share btc strategies and tactics, and where you could make a recommendation have it acknowledged and executed in a group action.   For example, you argue that btc should go to $675 on wednesday, you provide convincing evidence to that effect, the recommendation is brought to a vote, if the majority approve; as a club we do what you recommend.  

This wouldn't be a club that meets once a month at the local library, but a club in a perpetual meeting, taking concerted action whenever justified; where it's enjoyable, empowering, and enriching to be right

We want YOU!
https://bitcointalk.org/index.php?topic=516371.0

pump and dump groups are OK but if the OP wants to form a group, then he obviously dos not have the funds himself to cause a price change, this needing others to pay in. so i certainly wont risk my funds with such a person.

I'm not really a fan of any group that hopes to manipulate the price.

I realize it may happen when Wall Street and other crooks get involved.

But why would it be something we'd want to encourage.  Maybe I'm misunderstanding the OP.

I think a better group would be a collection of highly intelligent and articulate individuals who can help sway public opinion.  By doing things such as swamping news article (comments section) with correct information, rebuttals, etc to help educate the public properly.  Or people with influence who can swing a $100,000 paper wallet campaign, funding 50,000 paper wallets with $2.00 each, and handing them out to the general public.

Lets do things that grow the community. Speed up adoption.  Change the perception of Bitcoin from fraud and theft to humanitarian aid, and all it does to benefit humanity. Use your power for good.  There's enough abuse of power in the Bitcoin scene.  The very thing we're trying to get away from.

-B-

what kind of nonsense is this?  no one can vote on the price! (except by buying and selling in the market.)

great idea, want people to work on it, want people to consider it seriously, want it funded?  What do you do?

good ideas abound around worldwide however there are abundance of naysayers all to willing to beat down any semblance of a good ideas see above posts.

have you thought about starting a thread on any of your ideas? 

the prejudice that btc experiences from the wider community is enormous, so I could understand the 'hurt people, hurt people' syndrome but I'm here to remind you that not everyone think alike, and it often takes effort to find like-minded individuals even for things that make the most sense.

The opening post was all about good, yet it seems to have attracted high levels of negativity in terms of forum responses, yet produced positive responses to the target link.  To me that indicates the target audience is getting the messages but is not willing to fight the causeless battle in this thread. 



 

OP: You started this thread to promo your other thread?
Good luck finding "The Smartest Bitcoin Pros In The World"

let me rephrase that with more elaboration

let's say that btc on monday is $650, and a bitcoin club member (Barry) believe it should be valued at $675 by Wednesday.  It is up to Barry to educate, defend, or argue his case for the club to adopt his recommendation.  Barry is likely to point to charts history, media, btc community sentiment, and perhaps other technical or conditional reasons for the recommendation, but when he's done he will essentially ask the club to buy Btc given certain specifications for purchase.   That recommendation (with list of particulars) will be presented to the club for a majority vote, if the club votes yes, then as a club they do as the recommendation advises, if they vote no then the recommendation is dead.

so the vote is on what barry is presenting, which includes a cryptocurrency, a price, a date, a buy/sell directive, etc ... everything so that each member could properly analyze the recommendation and vote accordingly.




This thread serves multiple purposes,

1) to discussion the notion about the formation of a speculator's Bitcoin club
2) to find the people who know Bitcoin on many levels and want to share their knowledge
3) invite people btc speculators vote their interests

given the responses, it also serves  

4) as a punching bag so that people can vent  



What occurred at Mt Gox was, in my opinion a direct result of unreasonable individualism, there is no way that a group of 20+ people would have voted "yes" to the motion:
'buy btc at Mt Gox' after the withdrawal freeze, it it was reasonably argued (pro and con), then rationally debated.   Because group think works, particularly when there are more than 20 people in the group, the group has diverse interests, and the individuals in the group can vote freely.  

Hindsight is always 20/20.

Had there been a vote of 20 people;  I  bet the right speaker could have swayed a plurality one direction or the other -- towards either hasty action resulting in a loss or missed opportunity, or hesitant failure to act resulting in a loss or missed opportunity.

Now it depends on the audience; if  you have 20 people who are inherently more risk-averse than ambitious or put suggestions through a highly detailed, highly technical detailed tests,   then  err in the opposite direction is likely.

The ability to persuade 20 people of something, does not necessarily align with that thing being correct, reliable, or valid.

Hahaha my first question which i ask myself. What kind of nonsense is this? ;D

My second matter, who gonna promote a thread with another thread in the same forum?  ::)

It's simple called a price-gouging. If you are interested in this shady business just switch to altcoins, there are many pump and/or dump action similar to your plan.

Don't worry about tomorrows value of bitcoin, just concentrate your affords on promoting bitcoin as a currency, get more and more companies to accept bitcoin more and more people will see the usefulness of bitcoin so more and more people have a reason to hold bitcoin other then for speculative purposes and the price has to go up in the long term.

So mini Illuminati group I guess that is still possible at this stage in bitcoin
Wonder if this is how these groups are created in traditional systems as well

I hope you understand, that just hold bitcoin don't affect the price, and will never increase the price?

well I probably should have expressed myself more clearly, as bitcoin becomes more useful as a currency, more people are going to want to hold some bitcoin in order to spend it on some stuff in the near future,  They will want to hold a little cache of bitcoin, they have to get it first of course, which should increase demand thus drive the price up

so you want to use other people coins for you own gain without any kind of insurance your actions would create an kind of impact.

I thought that you would say that, and you just wrote it a bit wrong. But i still guess, this will not happen. If more People use Bitcoin as a currency, the price will not increase so much more.

Look, if you exchange for example 1 BTC to buy something, which is 1 BTC worth, you don't buy the bitcoin really, you just pay with. The Coin change only the hand, the price will not raise for that transaction.

Bitcoin has only 1 chance to raise, if people accept it as what it is: A speculative investment, like gold, silver, diamonds. If it will be used only for payments, the price will not move much up or down anymore.

I do not agree with you view, I think just like in real life where you keep some cash money in your wallet at all time because you might wanna buy something in a shop you see, while you cross town, people are going to want to hold some bitcoin in their wallet just incase they see something they wanna buy when they surfing the web.

If one million poeple decide hey I should have a little bitcoin in my wallet just in case i see something on the net i wanna buy, that will have a huge impact on the price of bitcoin.

This would work if there are no other currency which can used for payments. So long you can use Fiat or Paypal or whatever, Bitcoin will not be a Payment currency, which got hold by millions of people worldwide for shopping somewhere quickly.

Another option, if you could buy things ONLY with Bitcoin exclusive, this could increase the worth too.

Well your right about that people don't need to hold bitcoin to shop online, because they have alternatives like Paypal, however since bitcoin cuts transaction fees by 90 % or so , because they cut out the middle man, online shops selling stuff in bitcoin can offer lower prices then shops that use paypal for example. so this could lead to the situation where you can get stuff online cheaper when you use bitcoin.

Actual movers and shakers (http://trilema.com/2013/in-which-noobs-learn-lessons-and-pay-for-the-privilege/) do not need a "prestige and respect club" to get their work done.


This isn't circumvented by organizing your own little clique.

+1
OP is a small fish trying to "manage" whales.. whales dont follow small fish like slaves, they eat the small fish

This isn't wisdom, this is elitism and ego fapping.

If we know history repeats itself, and we know hindsight is 20/20, all we needed to do was look at the history right?   Well the simply fact is many people saw the history and waved the red flag, in fact so of those who knew entertaining Gox was academic nonsense still took the risk because they felt the rewards out weighed it.   But that was all individual think, not group think.    Peer pressure to act responsibly is stronger than many think.

Look harder at the facts of the matter, statistically group think IS necessarily more reliable than individual decision making; moreover larger more diverse groups tend to make better decision more reliably than smaller groups.

The data is conclusive across the board, group think works better than non-group think.

Think jury, panel, board, high courts, etc ... executives are there for day to day efficiency but if you want something thought out you seek the attention of reasonable prudent people.    

A smart system ALWAYS has a group to check the power of the individual.






That type of talk, in light of all that has occurred this year especially in light of the matters that are still unresolved, is simply irresponsible.   Anyone entering the cryptocurrency economy should know the history of btc and all of the risks, your best consumers will be those in the know, not in the dark.






you do realize that bitcointalk is essentially a very large group with a common interest that started from a very small group with a common interest.
you do realize that many outside of this forum are seeing this forum in the way you are viewing the club right?

  




hahahahaa, where did you read that?   Read it for what it says, not for what you want it to say.

I agree that "movers and shakers do not need a "prestige and respect club" to get their work done" and I have emphasized "need" because I believe the driving force isn't a need, but is a want for the common things that come with societies, communities, and groups -- recognition, validation, and acceptance for their contribution, effort, energy and regard.

It doesn't matter what you are worth you will always want those things, not because you NEED them but simply because you want them.

I've seen far too many good people with good intentions and good advice needlessly get disrespected because they were: "newbies", "inarticulate", used improper grammar, or simply dared to see things in a different way.   To add insult to the injury, when it turns out that the person(s) was spot on, I see no apology, no retroactive acknowledgement, and credit for getting it right.   Sadly, I see those same people participate LESS, resulting in more potential harm coming to the community.  

I'm providing a space where those who want to do good for themselves and the community can do so, a place where their earnest efforts and energies WILL be respected, where their voice will be heard, and cogent recommendations voted on.  

From the looks of it, the club will be formed, if it is done right it will be duplicated many times over in many different ways.


 




See it as you wish, call it what you want but in the club it will be identified for what it is: 'wealth building with intelligence'.

Those who are unable to shed their vanity will not hold on to their worth for long.

The implication of the statement is fundamentally flawed and misguided, 'vanity' is a matter of self-awareness it can manifest at any age or financial status.

Notwithstanding, I'm sure you are aware, that many of those with a net worth in excess of $10B are essentially giving it all away for whatever reason(s).

Humans are designed to want acknowledgement, recognition, and be appreciated, regardless of financial worth.

 

FTFY. It doesn't matter how you try to justify or re-frame it. You're pandering to idiots. Bitcoin is not a tool with which to do this.

It is you who is seeking to reshape and reframe what is naturally good, and have it viewed as either unnatural and wrong or naturally wrong.   

The type of mentality your are expressing, is rooted in another natural behavior, a naturally bad behavior -- jealousy.

A child at birth REQUIRES by design to be held, and to be given copious amounts of attention to enable them to learn all that they will need to negotiate the world they are born into.  From toddlers to tween the NEED for "attention" turns to a WANT for acknowledgement, then from teen to death degrees of that want for acknowledgement, recognition, and appreciation remains.

If it is natural, if it has a naturally good purpose, that it right; if it is natural, but has no naturally good purpose then it is either bad, no good, or wrong.
Acknowledgement, recognition, and appreciation are all good things, if they are good to give, logically someone must be on the receiving end of that shared goodness.

Finance is a complex subject, arbitrage is a more complex subset of finance, but neither are as complex as cryptocurrency, for those of us who choose to want to do CC arbitrage it makes great sense to approach it in a group setting, a setting that recognizes, acknowledges, and appreciates the good things each member brings to the table.

Your sig is promoting an advanced strategy game.
Your thread is "Calling On The Smartest Bitcoin Pros In The World"

If you don't sense the need for a different strategy, then perhaps you should hire a pro.  :P

Huh?   

I don't fully understand your driving point, so please elaborate.

And how in the world would you define "pro" in the context of cryptocurrency arbitrage?