Topic: Countertrading Jim Cramer on Bitcoin (Read 1070 times)

I have to somehow agree with this one, I'm trying think that it's just a coincidence but whenever I get a small amount of bitcoin, I almost always experience some premonition that the next the price will suddenly go up and wouldn't you knew it, it actually does, I have noticed this before but I brushed it off as just a coincidence but now I'm starting to think that I probably should follow my instincts when the gut feeling is really strong. Jim Cramer is probably our new bitcoin prophet but don't tell him that because he'll lose his powers by deliberately fabricating predictions that have been thought out.

Uncle Jim shared that on social media last month on January 12 hehe.

It appears that he has been proven wrong again heheheh. I speculate that Jim Cramer, similar to the people who are presently in disbelief that this is a bull market, if they begin to declare to everyone that they are certain this is a bull market, this might be a warning signal that everything might begin to dump heheehehee. However, if the new mayor of bitcoin is not yet finished twapping for his ETF, this pump will not stop.

@dragonvslinux. Will uncle Jim be correct on this prediction, however?

It would be very funny if his announcement begins a change of course on the market again. If he is 90-95% on the wrong side, I certainly like the market's chance of pumping back to $45k hehe.



Now that Bitcoin's down about 20% from its high i expect a strong stand to be made but it won't hold because not enough money is coming in. New theme: Number Go Down

Source https://twitter.com/jimcramer/status/1749715711444795428

Higher than that I think? Probably more like 90-95%. The only thing I'd be cautious of is if he's incorrectly called a top in Bitcoin over 10/20 times in 2023... you could argue he's "due" a correct prediction.

(I'm well aware that's not how statistics work, as the odds would still remain 5-10% being correct, but I would also never trust 90-95% accurate once over 10/20 predictions have been correct...)

Either way, just bare in mind that while Cramer is well worth counter-trading, similar to Peter Schiff and others, even broken clocks are right twice a day.

I reminds me of Il Capo, he's been talking about $12K since 2022, and been consistently wrong since then (throughout 2023). Now he's suggesting a local top and return to $30K, and while many are continuing to laugh at him, as he's been consistently wrong (100% of the time) since 2023, I wouldn't be surprised if he *finally* get's a prediction right simply based on dumb luck.

If not obvious, when speculators consistently call local tops in the market every week, they'll eventually be right once the bull trend is over. Then they obviously brag about calling the top correctly 

Will one of our favorite uncles Jim Cramer be proven correct in this prediction or will we witness another big pump on Monday? The Inverse Cramer tactic has more than 70% winning percentage, I reckon hehehee.

We should also start looking for Tom Lee tweets on bitcoin price predictions.



Checking in with Larry Williams. Major top in Bitcoin... MAJOR

Source https://twitter.com/jimcramer/status/1745811530581479931

I am not quite certain if this latest bitcoin pump caused this latest Inverse Cramer meme or if the Inverse Cramer meme caused this bitcoin pump hehehe. However, it appears that Jim Cramer has declared that bitcoin is topping out before the pump occured. This has all become very headshaking.



JUST IN: Jim Cramer says #Bitcoin is "topping out."

Source https://twitter.com/watcherguru/status/1744523658138198490?s=12&t=fx2RmsbaS0qNJTJTdpNu2w

It was on January 3 when one of out favorite uncles Jim Cramer said something positive about bitcoin. What we witnessed right after this is a big dump on everyone's faces.

Also, according to this article from coindesk.com, uncle Jim mentioned on October 2023 that bitcoin will go down big. What occurred was a pump on bitcoin to more than $40k.

The Inverse Cramer theory is real!



Jim Cramer, former hedge fund manager and host of CNBC’s Mad Money, Tuesday morning reversed his previously bearish stance on bitcoin (BTC) ahead of what's expected to be U.S. regulatory approval of a spot ETF and as the price rose above $45,000 for the first time in 21 months.

"This thing, you can't kill it," Cramer told CNBC's David Faber. "Bitcoin is a technological marvel and I think people need to start recognizing it's here to stay." Cramer also took note of another famous Bitcoin skeptic (to put it mildly), saying the late Charlie Munger "was blind to this."

Cramer's comments stand in contrast to his remarks in early October amid the Sam Bankman-Fried trial, when he said he wasn't interested in getting long the crypto as "Mr Bitcoin is about to go down big." Prior to that, Cramer said he had sold most of his bitcoin holdings in 2021 after the China mining crackdown.

Source https://www.coindesk.com/markets/2024/01/02/jim-cramer-capitulates-on-bitcoin-technological-marvel-its-here-to-stay/

I also feel flattered to see that he dares to say such things. It's not a matter of the amount of money, but of his predictions which are in conflict with the founder of TERRA.
whether he will continue to carry out other speculations that are making a splash in the crypto world.

According to @WhaleChart in social media, one of our favorite uncles has mentioned that we should buy bitcoin, but stay away from altcoins hehehehe. I reckon for inverse Cramer followers this will certainly imply a pump on altcoins hehe.



JUST IN:

Jim Cramer says buy bitcoin, but stay away from altcoins.

Source https://twitter.com/WhaleChart/status/1731308442508313079

News update from uncle Jim.

If you are working in America, it might be good to have a coffee with your boss and be on his good side. It might help you avoid being in a list of employee layoffs.



Jim Cramer doesn’t see a recession on the horizon, says recent conjecture “just doesn’t hold up under close scrutiny”

Source https://www.cnbc.com/2023/07/18/jim-cramer-doesnt-see-a-recession-on-the-horizon.html

To crypto guessing jim cramer not link for them he has almost no connection besides big money finance and mass market crowd appeal via his TV show.   Its quite fair to take his sentiment as contrarian to actual opportunity in BTC but I wouldn't purely base moves from that.  He represents the crowd and the crowd isnt always wrong, just often late and mistimed to moves and for this year two high stage is there so warning truthful.

If uncle Jim speaks bearishly, this means buy.



CNBC’s Jim Cramer discussed market manipulation on Tuesday and advised investors to get their money out of cryptocurrency while they still can.

Source https://www.cnbc.com/2023/06/06/as-the-crypto-lawsuits-pile-up-cramer-says-get-out-while-you-can.html

Jim Cramer has again spoken bullishly.



CNBC’s Jim Cramer said on Monday that Wall Street isn’t responding to debt ceiling stress in the way you might think — in fact, many buyers seem unbothered as chaos reigns in Washington.

“Is it possible the whole debt ceiling standoff is meaningless?” Cramer asked, calling Monday’s market resilience bizarre. “That’s certainly what the market’s saying.”

Source https://www.cnbc.com/2023/05/22/market-action-shows-that-wall-street-isnt-worried-about-the-debt-ceiling-cramer-says.html



This article was published on May 22. How have we not seen this hehehehe. It was another warning sign that market will begin dumping.

Inverse Cramer followers after reading this article.



Jim Cramer: An economic wave is about to hit that will be fantastic for investors

Source https://www.cnbc.com/2023/05/14/jim-cramer-an-economic-wave-is-about-to-hit-that-will-be-fantastic-for-investors.html


I will not be shocked if uncle Jim is really a paid for shill by the institutional investors of Wall Street to trick small investors and become their exit liquidity when they decide to dump on the market. This is very much similar to our influencers in the cryptospace heheheh.

Another one has bite the dust.

There might be these moments in your life when you thought it was a joke and you tell this joke to others thinking it was only joke. However, sometimes it might not be a joke. Uncle Jim was telling everyone that the banking crisis in America ended with the collapse of First Republic Bank. Many inverse Cramer followers were joking that it only the beginning. It appears there are jokes that we should wish not to become true because certainly if this banking crisis is only beginning, it would not be good for everyone in the cryptospace.




PacWest Bancorp led a renewed slide in regional banks after a report that it’s weighing strategic options including a sale heightened concerns that the turmoil engulfing smaller lenders is far from over.

The Beverly Hills-based lender plunged as much as 60% in postmarket trading, while Western Alliance Bancorp fell as much as 38%. PacWest has been working with a financial adviser and has also been considering a breakup or a capital raise, according to people familiar with the matter.

Read in full https://www.bloomberg.com/news/articles/2023-05-03/regional-banks-sink-as-pacwest-said-to-weigh-strategic-options

Fans of countertrading Jim Cramer should presently be in fear. According to @Watcherguru, our favorite uncle Jim has declared that the banking crisis has ended after the collapse of First Republic Bank. This might be a warning sign, it might only be the beginning of the banking crisis hehehehe.



JUST IN: Jim Cramer says the collapse of First Republic Bank $FRC could mark the end of the banking crisis.

Source https://twitter.com/WatcherGuru/status/1652102581999550466

He is making a TV show in quite a flippant way for the sake of open entertainment & easy popular interest, I think its useful that he is reflecting the wider market fears and hopes.   I do watch Cramer or at least clips of it (just like I follow every mainstream news site etc) and his best spots is where he explains an opinion ideally via an independent source/guess who reflects data with volume on the chart.   Its harder to chart BTC because its a split market, by design its not got a centralized exchange to decide volume on precisely.
  I just dont buy he was ever especially involved, he'd understand slightly better or at least comprehend great volatility is the norm in this area.   He'd be lost trading various commodity markets also, they can half and still be bullish because they are volatile.  Either he or his script writer didnt want to consider that.

A useful bellwether anyway, isnt that media overall.  They write a report of whats just happened in a market where you are trading a future value most often.

lol   a smart man would step back, just hold but he cant just be quiet and do that I guess.

According to sources, bitcoin is up more than 40% after Jim Cramer declared that he would sell his bitcoin last month. Countertrading Jim Cramer is working hehehehe.



My only wish is he does not declare that he has bought bitcoin until price is on $50k.

@STT. Jim Cramer makes predictions in the stock market and the cryptospace market. He is also know for his bad timing. The market pumps when he is bearish and dumps when he is bullish. The stock market and the cryptospace market are also correlated in some ways and for this reason when uncle Jim predicts something, prepare for an inverse occurence in stocks and the cryptospace hehehhehe.

Jim made another prediction. Why is uncle Jim doing this to the community?



Cramer sees bullish signs starting to emerge in the stock market

Source https://www.cnbc.com/2023/01/16/cramer-sees-bullish-signs-in-the-market-just-not-in-the-same-places.html

Why is Jim Cramer anything to do with a prediction for crypto, he has almost no connection besides big money finance and mass market crowd appeal via his TV show.   Its quite fair to take his sentiment as contrarian to actual opportunity in BTC but I wouldn't purely base moves from that.  He represents the crowd and the crowd isnt always wrong, just often late and mistimed to moves.   I think we began 2023 bullish but it wont always be this way, play the peaks and buy the lows dont rely on hype to carry us it isnt strong enough.  This year will still both contain both extremes imo hence caution is fair.

There has been some twitter and youtube "influencers" in the past that other influencers have been countertrading successfully, i can't remember their names anymore and some of them have deleted their accounts. I am guessing that in case of Jim Cramer there are bots that are countertrading him just out of spite. Of course these predictions sadly stop working when enough people use them, just like it was MacAffeee pump effect and any TA indicator, even counter indicators lose their effect eventually.

It’s almost unimaginable just how much the market rallies against Jim Cramer’s predictions. It’s almost like he’s setting off movements now with his horrible calls. Nobody could just be that bad at predicting. It is like the opposite of Nancy Pelosi. He’s got to have some sort of agenda and insider info. I don’t believe anyone could be consistently so bad at making trading calls. There has to be something else happening here.

News update.

Close your trades, Jim Cramer is beginning to suggest to everyone that the market might pump for the next 2 months.

Why is Jim doing this to the community?



Charts suggest the market could rally for the next couple of months, Jim Cramer says

CNBC’s Jim Cramer on Wednesday said that the markets’ recent gains could become a sustained rally.

Source https://www.cnbc.com/2023/01/11/charts-suggest-the-market-could-rally-for-the-next-couple-months-jim-cramer-says.html

they have to fix a billion dollar hole, we haven't heard the last of this story that's for sure.

still its unclear just how badly this will end up effecting the market. I mean if you haven't sold by now what are you waiting for???

News update.

Inverse Cramer traders again are very happy hehehe.



Good chance AGAIN to get out of crypto and scale out of Chinese stocks as neither can be trusted

Source https://mobile.twitter.com/jimcramer/status/1612403708759019520



In any case, is anyone starting to speculate that we might have reached the bottom of this bear market already? I am waiting for more Barry Silbert news, however, it appears there is no bad news after Winklevoss' deadline on January 8. They might be fixing the problem privately.

Thank you Jim Cramer for giving us your signal that this bear market is at an end heheehehhe.

In any case, Barry Silbert might be the last to cause another waterfall of dumping if he is forced to dump some bitcoins and altcoins in his custody. However, I am not very pessimistic. Barry will not occur into something similar to Sam hehe. But reading the news updates on him has been a comedy show. Coindesk has to publish bad news about their owner.



As i predict another weak year for crypto, i do ponder how many people are still involved, now many millions of people....

Source https://mobile.twitter.com/jimcramer/status/1610060125296889858

News update for the inverse Cramer fans. Why did he need to tweet this? Binance is dead hehehe.



Do you feel as reassured by Binance as i do?

Source https://mobile.twitter.com/jimcramer/status/1602964089982033920



But seriously speaking, it really appears that Binance might presently be the safest exchange to trade in the cryptospace right now. I am quite aware that it will not be 100% safe, however, Binance will certainly be holding the lowest risk especially if you have no other choice and you need to use a centralized exchange.

It might only be another demonstration on how Jim Cramer is always late on market reactions or there are whales who really are counter trading him hehehe.

In any case, this might be one of those occurrences that might show that he is late again. Tether has launched offshore Chinese Yuan in Tron blockchain. I am not quite certain what this implies but it might be Justin Sun has convinced his Chinese connection to begin investing in the cryptospace and he might have also given this Chinese connection a framework where they launder their wealth and avoid China's limits on outflows.



Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin by market capitalization announced today the addition of its offshore Chinese Yuan (CNH₮) to the Tron blockchain. At launch, Bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.

Source https://tether.to/en/tether-launches-offshore-chinese-yuan-cnht-on-tron/

Its so funny that account's last post is Jim Cramer saying "economy is stabilizing" lol. Honestly I love creative Twitter accounts like this one because they show how easy trading can be, and they encourage people to invest and trade.
But honestly how can someone suggest end is near in crypto? We are in bear market for like so many months, end of bear market is near actually? I don't understand this Cramer boy, mostly he is commenting like spoiled kid as far as I can see.

Couple of days ago he says that “you all need to get out of crypto while you still can”, or something along those lines. So if his past performance is any indicator then we most likely bottomed and will go up.

The guy was telling everyone to buy Coinbase stock at like $450 or so which was the top more or less and now he is telling us to get out of crypto at or near the bottom.

I do agree that he is not a great trader to be fair, and I do believe that he gets paid by the big companies to promote whoever at any given moment and if someone tells him to bash on bitcoin then he would, if someone pays him to promote it, he will say bitcoin is great.

However, I wouldn't counter trade him because one day he will say it is great, and I actually do think that it is great, as long as we invest like that, there shouldn't be any issues at all. That is not a big problem, sometimes even a broken clock could tell the time correctly, and that means sometimes he could turn out to be right, say it's good to buy, and could be good to buy at that moment.

Yup, the Jim Cramer counter trade is in full swing. With him basically calling crypto dead, you have your signal that it’s time to go all in. I’m kidding of course, but the numbers don’t lie. Jim Cramer is an absolutely terrible market tuner who is always late to the party with the wrong take on the situation. Seeing him calling for more pain is the first positive signal I’ve seen that the market may be ready for a turnaround.

Hehehe. I think we need to wait for more time if it's really somehow accurate. Jim Cramer seems already figured out that a lot of people started to countertrade him. So if he is just releasing statements to the public opposite, then we will know it this time.
Let's take an example for this Bitcoin statement of Jim Cramer, let's wait for some time if the countertrade on Jim Crammer still works.

News update.

Jim Cramer told investors to sell all their cryptocurrency that they are presently holding. Everyone knows what to do if you are a follower of Inverse Cramer trading strategy hehehe.

However, has Jim Cramer been saying opposite statements of what was supposed he was to say? This is the head scratching question. It appears the followers of Inverse Cramer should begin doing an Inverse of Inverse Cramer strategy if this is true hehehehhe.



Jim Cramer urges investors to exit crypto

CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings.

“You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets,” he said.

Source https://www.cnbc.com/2022/12/05/jim-cramer-urges-investors-to-exit-crypto-its-never-too-late-too-sell.html

My speculation for this. Is this Jim Cramer telling his truth or is this Jim Cramer telling the inverse analysis of his truth?

If Jim Cramer is telling his truth then according to the strategy of countertrading Cramer, we should buy. However, similar to what I have mentioned before, Jim Cramer might already have learned from his mistakes and has already begun telling everyone the inverse of his own analysis heheheehe.



Cramer advises investors to cash out on crypto while they can

Source https://www.cnbc.com/video/2022/11/11/cramer-advises-investors-to-cash-out-on-crypto-while-they-can.html

Yes he is a big joke. No idea why he is on tv anymore. The majority of his predictions are wrong. Like last week on Meta. Now we got this article about him being bearish, obviously means the market will rally this week.

I remember he was a joke back in 2009 or so. Haven’t watched CNBC in a while and I am surprised he still has a show and is on it. He also seems like he gets no sleep or is drunk on his show.

I am very much beginning to get confused on Jim Cramer. In my last news update, he was very bullish and he was telling everyone that he was optimistic on markets going in to November. In this latest statement he is telling everyone to sell. Going to the Inverse Cramer speculation, this implies that the market will pump hehehe.



‘Hold your nose and sell’ to brace for a possible market downturn, Jim Cramer says

Source https://www.cnbc.com/video/2022/10/31/hold-your-nose-and-sell-to-brace-for-a-possible-market-downturn-jim-cramer-says.html

Similar to what I have told everyone before, if Jim Cramer began doing the opposite of what he wanted or what he was supposed to predict and tell everyone, it is working uehehehehe! This might be bearish Cramer being bullish. The whole cryptospace is pumping!



Jim Cramer explains why he’s optimistic on markets going into November

Source https://theglobalherald.com/news/jim-cramer-explains-why-hes-optimistic-on-markets-going-into-november/

Honestly nobody can predict the future direction of Bitcoin or any other asset. These half baked celebrities are just looking to latch on to something that is current and try to expand their audience in any way possible. They're already rich from other revenue sources and can be pulling all sorts of hidden moves behind the scenes, not to mention their inherent pump-and-dump style of promotion. They're basically byte size versions of Elon Musk but without anywhere near the level of audience that he attracts. Like many people, he picks up on trends that are already "over the hill" and likely to implode - people with their finger on the pulse are making the trades months before him.

The sad thing about him is the fact that he really thinks he is trying to help everyone. I mean he is not an evil person inside if you ask me, he thinks that he is trying to build you a good portfolio where you would be able to put aside some money into what he says and then try to trade like he would and make a profit.

But, obviously we are talking about something that is a bit more realistic where he is just a clown who ends up being wrong so many times and promoting things that shouldn't be promoted and not really understanding the hurt he is putting into the market when he is wrong, because he has that influence to cause people to lose.

@OgNasty. I reckon Jim Cramer should use the lessons of Sun Tzu's the art of war and confuse his enemies. He should begin countering his own predictions and speculations then share them in social media hehehe. If his haters begin doing the inverse Cramer trades, they will be making head scratching decisions.

Jim Cramer seems to have really stepped up his social media posting in the wake of the inverse Cramer filing. I think the internet is really getting to him. It will be entertaining watching how this plays out. Hopefully it makes Cramer a little more accountable for his terrible picks.

It appears that it was not only the people from social who has noticed about Jim Cramer's bad predictions and bad declarations. Tuttle Capital Management has filed for an application to create and list an Inverse Cramer ETF hehehehe. This might cause Jim Cramer to be more careful in his predictions.



Inverse Cramer ETF becomes reality

Tuttle Capital Management has filed to launch two ETFs going short and long the views of celebrity analyst Jim Cramer.

Source https://www.etfstream.com/news/inverse-cramer-etf-becomes-reality/

@adaseb. Jim Cramer might be traditional finance's version of John McAfee hehehe. All of his tweets and recommendations are for sale but instead of ICO tokens and scamcoins, he tweets on social media about stocks or talks about them on CNBC. Everyone who is arguing in his defense should begin to be more skeptical of him.

That tweet is fake. Someone basically photo shopped it. If you go to his Twitter you won’t find it.

Basically he had both positive and negative tweets about CS.

First he tweeted that it was doing bad and then he had a CNBC interview and he said that CS will be fine because of some CEO running the company. So no idea which tweet to countertrade.

The guy seems to either be on drugs or drunk or just doesn’t sleep. He has bags under his eyes and can barely speak. No idea why people take him seriously.

Bear Sterns was fine till it wasnt, the skill was seeing the rocks before hitting them.    Volatility in one shape or form is going to keep  spiking every year, the QE calm was a false dawn because QE is not ended until reversed and Ben Bernanke already admitted its not possible to reverse QE.   The fiscal budget of every country with QE would need to be in surplus for over a decade (hard for Germany's debts and the rest forget it) to make Quantum tightening actually work and it would be hard work to make this true and stay the course till all storage of debt was reversed.   We dont see it, most likely we hope and pray to avoid the rocks while steering wildly in reaction to every negative event.
   Cramer will just call out the crowd reaction and try to be popular for that, if he was perfectly wrong it would be useful to trade inversely but he will be correct sometimes to upset that possibility.


We can, true enough.  We can do anything thats why its tricky.   I think 2023 is probably going to be more positive then 2022 as Dollar index only can rally this strongly once, its a lead balloon and the world shouldn't be bound to one currency like this so natural reversal seems fairly possible.  Do we see the end of the YEN in 2023, I guess that might do it;  most likely we can top out in the negativity.

I am not very certain if this is a real tweet from Jim Cramer, however, it would be another comedy show if he made this on October 1 and on October 2 this news about Credit Suisse was published by Bloomberg. Jim Cramer also said something similar about Lehman Brothers before their bankruptcy on 2008.



Credit Suisse CEO Seeks to Calm Markets as Default Swaps Climb

Credit Suisse Group AG’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel like a long time.

Source https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level

News update.

I am not quite sure what the article is because it is paywalled, however, the title of the article implies that Jim Cramer is telling everyone that this worldwide bear market is presently not worse than the dotcom bubble and the 2008 housing bubble.



This market is not the dot-com crash or the financial crisis. Here’s how to play it

Source https://www.cnbc.com/2022/09/25/cramer-this-market-is-not-the-dot-com-crash-or-the-financial-crisis-heres-how-to-play-it.html


Also, our favorite market predictor Tom Lee has also implied that markets can rally this year until December. He appears to not have any negative effects of trauma from his prediction on 2018 hehehehe.



Tom Lee thinks stocks can still rally into year-end. Here’s why

Source https://www.cnbc.com/2022/09/22/tom-lee-thinks-stocks-can-still-rally-into-year-end-heres-why.html

Tom Lee, Jim Cramer, other bullish influencers and recently Barry Silbert. We cannot be certain if these influencers are telling us the truth or if they are only manipulating their followers to buy and for them to dump. However, it might also be similar to Su Zhu of 3 Arrows where everyone thought he was manipulating everyone but the truth was he was very desperate because he had losing trades on leverage and he really wanted his followers to buy hehehehehehehee.



Fortune favors the brave

- Matt Damon

Source https://mobile.twitter.com/barrysilbert/status/1572742590369304578

Agreed. However, there is a difference between someone who is a whale in the cryptospace like Algod and someone who might only be a talking head for mainstream financial news media like Jim Cramer. Who would be the better predictor from the 2 of them if you were forced to choose? I will choose 100% Algod. Jim Cramer is good only for comedy hehehe.

He is a clown, he’s really irritating, has a way of really annoying me. I don’t think it’s just because he shits on bitcoin, he’s just not a very likeable guy.

I don’t really know why he still has a regular slot on TV, he adds nothing positive imo.

On the other note. Algod doesnt really believe on draw lines and chart up and down indicators so his really gonna countertrade a lot of users.

Thats the thing, they are already gained and winners but still not dump it while having multiple gains instead holding and hoping for more gains instead ended up selling at a loss when the bear says hello. Crazy but true story.

This gives me flashbacks of 2017-2018 when newbies who closed their eyes and selected any altcoin and make a profit from its pump during 2017 thought they were "experts" despite everyone warning them and ended up losing all their lifesavings during dumps.
It is worth noting that most of those who made profit by pure luck thought themselves to be good "predictors"...

Thank you Jim Cramer for showing as another countertrading sign hehehe!!!



Cramer thinks the mid-June market bottom will hold despite the many troubles facing stocks

“Sometimes I just want to tell these doubters, as I constantly tell strangers, don’t give up the ship,” Cramer said on “Mad Money,” hosting the show from Seattle.

Source https://www.cnbc.com/2022/09/12/cramer-thinks-the-mid-june-market-bottom-will-hold-despite-the-many-troubles-facing-stocks.html



@Fundamentals Of. Algod is not forcing everyone to follow his countetrading strategy on Jim Cramer. He was only doing this because it was funny for him and because he wanted to entertain his followers. Jim Cramer is similar to our old friend Tom Lee. We do not need to take this very seriously hehe.

I think Jim seems to be the newbie me, if I tend to call for a shot or made a trade, it will do the opposite. Jim was just the representation on all of us I guess, the only thing about it is that he has more reach. So, if he calls a trade a lot might get a win. I wonder if all of his followers are investors as well that counter his calls and then what he calls was the correct one. It will be a meme.

And then the gullible traders and investors who easily get carried away by stories like this will begin to make orders following Algod's signals and a kind of scheme is born.

Jim Cramer could be wrong many times, but in terms of catching Bitcoin's price, who's not? Everybody who made a number of predictions has been proven wrong many times. It is easy to drop a prediction price but all of them, Dimon, McAfee, Novogratz, PlanB, etc were all proven wrong at some point. They are no different from both Cramer and Algod.

It appears that that our new friend Jim Cramer has made another tweet telling everyone to sell the cryptos and the nfts and the ipos and the SPACs before they take your life's savings. No more nonsense!

Source https://twitter.com/jimcramer/status/1564758962725130241

This is what happened to bitcoin 30 minutes after he made the tweet hehehe. Can everyone see it now?

Why would we complicate this? There is a simpler way to estimate this by only using a chart and mark them with the date of the predictions. I saw one of Jim Cramer on social media but I cannot find it anymore. It looked very much similar to this image hehehe. This cleary shows that many of the experts in mainstream financial media are so very wrong.

Jim Cramer is hilariously bad at timing buys and sells, but honestly I think when it comes to Bitcoin, the best contrarian indicator I’ve found is Samson Mow. When that guy says Bitcoin is going up forever, you’d better sell. He seemed a little bearish lately, which is a good thing if you sold at $65K when he was with Saylor talking about mortgaging homes to buy BTC. Seems like it’s time to start getting back in.

You don’t understand how bad his predictions are. He actually ran a hedge fund before and has some experience in finance. His predictions are so bad it makes it seem he is paid to give bad tips and cause many new traders to lose money.

I am pretty sure someone can randomly flip a coin and get better predictions than him. I assumed in 2008 people would stop watching him however he is still on TV. I don’t understand why.

He is a bit of a weather vane in showing a popular sentiment on many stocks but I think he is exactly trying to achieve that and hence be part of that TV show with its little meme soundboard he has.    Theres no way to exactly do the opposite of him and do well, he isnt that reliable and some of what he says is just buy oil or related companies.  
  I think to counter Cramer would be to be a contrarian which is definitely a valid strategy.  

In 2008 he did say it would blow up, it just wasnt good consistent advice.   Being boring and safe is not his thing, I'm not defending him just across the range of buttons he presses I think he did express the view that there was more then a little trouble in the market (a few people did say  this, March '08 I was reading an article for the Exters triangle take on why September onwards in markets would occur).  If he said failure every day for 6 months it'd be correct but not much of a show, '08 summer there was a good rally so many were buying up.  Cramer is like a stock magic 8 ball

There is no perfect predicter though, that is why even him who already have an experience on the financial field, still come up with wrong predictions sometimes and maybe those who have betted on his choice last time are just unlucky but those who remain as his followers know that those things are only normal. Not all times we will only win but there must be a time for us to lose.

For a new trader yes that will probably happen because they don't have enough experiences yet and they are still doubting about their abilities so for them, it might be a good idea to depend on some known experts first in hopes of earning money immediately.

Shouldn't profits against trading him be good enough indicator on that? But yeah i agree, empirical data would be nice. In fact some sort of model that's tracking all the influencers and their trackrecods out there would be very cool.

Yes however it seems that there are many who follow his predictions and end up losing money. I remember back in 2008 he went on some talk show and got roasted because he kept telling people to buy Lehman Brothers right before it went bankrupt.

If the show was comical then he wouldn’t of made any predictions at all. He would just roast different companies and leave out any buy or sell recommendation. A new trader probably he watch his show and think he is some wizard and end up copying his trades.

I wouldn't go as far as to think that he actually acts upon his public "predictions". In the end, the dude's job is to entertain people in television — with the guise of "educating".

Yes you can easily counter trade all his ideas and come out ahead. Whenever he has some stock tip, it’s usually him entering way too late. I noticed that he buys near the top and sells near the bottom.

And no idea whether it’s deliberate or not but he has a very bad track record. Has since 2008 pretty much. No idea why people still watch him and why he is so popular.

Yeah, it definitely makes sense, seeing as like how most funds do well in a bull (and so all the mini copytraders also make money), while they do poorly in a bear.

Took a look at the Twitter but there wasn't really much evidence I'd say. Probably a healthy amount of cherry-picking (like all trading tips go I guess).

Social media makes many heroes that people imitate them for nothing than a good luck was on their side when they expected a certain thing.

There is no person who strives in technical analysis and then tells people to follow what he says or that his predictions are true, but on the contrary, he always urges everyone to be careful and make sure the numbers are accurate and that the risks are high.
Only scammers can tell you that they can predict the future and make easy profits for you.

He's been a meme for countertrading for a while now; and when the meme blew up, people actually started doing the inverse of what he's saying — slowly but surely making this "strategy" nonviable.

He's still a clown tho.

I hope there's a way to estimate from empirical data how much of the time he's actually right, using a boolean algebra model or something.

Because I'm starting to see a phenomenon, the oppisite action of the decision you make is usually the correct one.

It appears that we have a new favorite crypto predictor. Our old favorite Tom Lee might have stopped making public predictions on bitcoin after 2018. This might have caused much psychological shock and damage on Tom hehehehe.

Our new favorite predictor is Jim Cramer hehe. Algod, a trader who predicted Terra's collapse, has been countertrading him and he appears to be making good trades.



Whale Who Bet $1M on Terra's Collapse Now Countertrading Jim Cramer

Algod posted an update on their “inverse Jim Cramer” account on Twitter Monday, announcing that they had doubled their profits since the account launched. Algod claims that they startedthe account with $50,000; its net value now shows as $101,440.71 in their post. “Some people work a 9-5 job, i simply just countertrade Jim Cramer… it’s not much but honest work,” Algod wrote.

There’s also an Inverse Cramer ETF Twitter account that likely inspired Algod, where over 84,000 followers track Cramer’s calls to ascertain what to bet against next.

Read in full https://cryptobriefing.com/whale-who-bet-terras-collapse-countertrading-jim-cramer/



Inverse Cramer ETF Twitter account

https://mobile.twitter.com/CramerTracker