Is it possible to reset your competitive rank in Counter-Strike: GO?

Imagine you're a new player:

You just bought the game, played a couple rounds and received a Silver 1 rank. Now, your ability to improve your skill is severely dampened because higher skilled players want less of a challenge (or in your case "to see what it's like"). A low level player is going to be very frustrated by this.

It's very possible you will just quit the game because your opponents are too hard.

Back to logical thinking:

As you play the game, your rank will change over time. It's Valve's best attempt at putting a number on your skill level. This rank is specifically put in place so that matchmaking can setup a *fair** match for the players.

A serious problem though:

High skilled players will buy a second or third copy of the game just so they can play amongst the noobs again. This is called Smurfing.

These people achieve a high rank but then they get lazy/bored with high-level play. They want a break from tougher opponents and wish to dominate noobs for a while.

This is the equivalent of a playground bully, imo. Smurfing is for low-lifes who haven't realized how sad their life is, yet.

The answer:

Valve would never voluntarily allow bullying. The option to derank does not exist. You will derank if your performance is poor. You will rank up if your performance is good.