IMHO, I believe water baptism is a tradition that has no value next to the power of the resurrection of Christ – which dwells in the believer right here, right now.
Allow me to explain . . .
Paul’s letter to the Colossians
The Heresy at Colosse.
Gnostic philosophical attitude was creeping into the church.
That is, a philosophy to bring men to a knowledge of the truth. This gnosis is not intellectual apprehension, but the enlightenment derived from mystical experience.
What Paul was up against were baby believers that unconsciously merged earlier beliefs with Christian concepts. Paul also alludes to these Gnostic influences in his writing to the church in Corinth. The Colossian heresy combined Jewish and Hellenistic elements.
For instance the emphasis on ‘wisdom’ and ‘knowledge’, of cosmic powers and the abasement of the body reflect Greek thought. Some Jewish converts probably brought their mixture of rituals Judaism and developed it further after they became Christians. Paul, as has been his strategy, takes their terminology and develops the doctrine of the Cosmic Christ. Any teaching which detracts from the centrality of Christ under the pretense of leading men to maturity and perfection is a perversion that threatens the very essence of the faith.
Col 2:8
See to it that no one captivate you with an empty, seductive philosophy according to human tradition, according to the elemental powers of the world and not according to Christ.
Paul does not condemn the Gnostic and Jewish tradition’s, he contrasts them with what supercedes them, Christ.
Col 2:11
In him you were also circumcised with a circumcision not administered by hand, by stripping off the carnal body, with the circumcision of Christ.
‘not administered by hand’ is a quasi-mystical term to contrast the institututions and rituals of the old covenant. The true circumcision is Christ’s death and resurrection. (Phil 3:3 – For we are the circumcision, we who worship through the Spirit of God, who boast in Christ Jesus and do not put our confidence in flesh)
In the OT, ‘stripping off the carnal body’ symbolized defeat. In other words, the rituals have been defeated by the fulfillment of Christ.
Col 2:12
You were buried with him in baptism, in which you were also raised with him through faith in the power of God, who raised him from the dead.
**In light of the context of the chapter, could it be that the type of baptism that Paul is referring to is the baptism of death (MK 10:38, Lk 12:50)?
Mark 10:38
Jesus said to them, “You do not know what you are asking. Can you drink the cup that I drink or be baptized with the baptism with which I am baptized?”
Lk 12:50
There is a baptism with which I must be baptized, and how great is my anguish until it is accomplished!
Circumcision here is the death of Christ, by which he severed from the old age, cleansing of sin, and reconciliation to God (Deut 30:6 Jer 4:4). It is to this that Christian baptism is to be related.
**
Deut 30:6
The LORD, your God, will circumcise your hearts and the hearts of your descendants, that you may love the LORD, your God, with all your heart and all your soul, and so may live.
Jer 4:4
For the sake of the LORD, be circumcised, remove the foreskins of your hearts,
Col 2:13
And even when you were dead (in) transgressions and the uncircumcision of your flesh, he brought you to life along with him, having forgiven us all our transgressions;
Speaking to the gentiles, who were excluded from the people of God.
Col 2:14
obliterating the bond against us, with its legal claims, which was opposed to us, he also removed it from our midst, nailing it to the cross;
the original greek word from which ‘legal claims’ is translated is dogma. Paul, a Jew, tells the Gentiles in the Church, you who were once excluded are now included through Christ.
He continues . . .
Col 2:20
If you died with Christ to the elemental powers of the world, why do you submit to regulations as if you were still living in the world?
Col 2:21
“Do not handle! Do not taste! Do not touch!”
Col 2:22
These are all things destined to perish with use; they accord with human precepts and teachings.
Col 2:23
While they have a semblance of wisdom in rigor of devotion and self-abasement (and) severity to the body, they are of no value against gratification of the flesh.