Inverse Cramer Strikes Again | Bitcointalksearch.org

blckhawk

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Quote from: bolshojkush on February 11, 2024, 01:56:54 PM

He's just a windbag who's not worth listening to. Think with your head and analyze, and don't listen to fools.

The point of the Inverse Cramer is that when he's doing an analysis and he's so invested into it that you should follow what he's saying is that you'll have to do the opposite because he's been consistently doing those things through the years and that requires you to listen to what he's saying so I guess you're just the kind of person that once you consider someone your enemy, you close your mind against them and never listen or accept that they say something right sometimes, that's not smart of you to do, we can learn from our enemies sometimes.

Quote from: nutildah on February 24, 2024, 02:20:05 AM

Well folks, it was fun while it lasted. Sell everything, pack your bags, hug your wife and kids and say goodbye. Its time to head for the hills and wait out what is likely to be the most brutal bear market of this generation.

Gentle reminder that BTC is up over 20% since Cramer said it was your "chance to roll out of bitcoin" on Jan 25th.

Damn, I guess I need to start ramping up on fiat so I can buy more bitcoin because Cramer's telling others to get out of it, I hope that I would be fine bitcoin hodling wise when the opposite of what he's predicting is happening.

nutildah

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Well folks, it was fun while it lasted. Sell everything, pack your bags, hug your wife and kids and say goodbye. Its time to head for the hills and wait out what is likely to be the most brutal bear market of this generation.

Gentle reminder that BTC is up over 20% since Cramer said it was your "chance to roll out of bitcoin" on Jan 25th.

hd49728

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Quote from: adaseb on February 11, 2024, 04:53:03 PM

The reason why he is so popular is because when you are a new investor, you watch his show and think he knows what he is talking about.

It’s gotten to the point where many hedge funds themselves get cautious holding on to positions he is referring to on his shows.

I find that he basically chases price both ways. When something is going up, he talks about it, it peaks usually then because many long term holders start to take profit.

Same with going the opposite direction. He tweeted about bitcoin near the highs, it revered and later near the lows and it reversed again.

He is famous before working for the television channel and it is easier for people to believe in successful and famous people than a poor person who doesn't have a successful career.

People are responsible for their activities so if they decide to invest money into something, they must afford to be responsible for that action and afford to lose money. Believe in Jim Cramer is not reason for their loss or profit and they can believe in words of other people, not only Jim Cramer. He needs to gain traffic for that television channel and program because he works for them and gets payment to complete that task.

Generally Jim Cramer only has to finish what he is hired for.

adaseb

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The reason why he is so popular is because when you are a new investor, you watch his show and think he knows what he is talking about.

It’s gotten to the point where many hedge funds themselves get cautious holding on to positions he is referring to on his shows.

I find that he basically chases price both ways. When something is going up, he talks about it, it peaks usually then because many long term holders start to take profit.

Same with going the opposite direction. He tweeted about bitcoin near the highs, it revered and later near the lows and it reversed again.

bolshojkush

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Quote from: nutildah on January 03, 2024, 10:10:46 PM

So what do you think? Does Cramer's endorsement of Bitcoin mean something terrible is about to happen? ETFs rejected or delayed, institutions pulling out? Or is it all just a superstition?

He's just a windbag who's not worth listening to. Think with your head and analyze, and don't listen to fools.

CODE200

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Quote from: hd49728 on February 11, 2024, 02:06:25 AM

Quote from: CODE200 on February 11, 2024, 01:28:20 AM

Probably the reason that people still listens to him is because he's the one that's a good way to know if you can get a profit from investing in something that he's talking about, just do the opposite of what he says and I think that it's a really good way to go. Cramer is the Cassandra of investments albeit we know for a fact that we don't have to believe in his predictions. I think that this guy deserves my follow on X, seems like a good way to aide your predictions on your investments in case he talks about it.

He has a successful career and he was hired to be like an influencer to gain more audience to a television channel. When we are discussing about him in Bitcointalk, there are more people watching his shows on television, on Youtube and also discussing about him somewhere else.

It means the television channel already gained success by hiring Cramer to work for them.

Don't trust his words of mouth, verify what he says and with Internet, freedom of information, we can filter information not only from Cramer but also from other people includes influencers.

I think that my statement about him being Cassandra of investments is enough to know that I don't trust what he's saying and also why I said that anyone following him and listening to what he's saying that they should be doing the opposite. I assume not everyone knows about Cassandra from the Greek myth so here's some context for you and everyone not familiar, she's a lady that was gifted with foresight by a god that was in love with her but made the gift a curse when she rejected the god, now she can tell the future but no one believes her.

hd49728

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Quote from: CODE200 on February 11, 2024, 01:28:20 AM

Probably the reason that people still listens to him is because he's the one that's a good way to know if you can get a profit from investing in something that he's talking about, just do the opposite of what he says and I think that it's a really good way to go. Cramer is the Cassandra of investments albeit we know for a fact that we don't have to believe in his predictions. I think that this guy deserves my follow on X, seems like a good way to aide your predictions on your investments in case he talks about it.

He has a successful career and he was hired to be like an influencer to gain more audience to a television channel. When we are discussing about him in Bitcointalk, there are more people watching his shows on television, on Youtube and also discussing about him somewhere else.

It means the television channel already gained success by hiring Cramer to work for them.

Don't trust his words of mouth, verify what he says and with Internet, freedom of information, we can filter information not only from Cramer but also from other people includes influencers.

CODE200

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Quote from: Poker Player on January 04, 2024, 01:14:17 AM

There are many more examples. I remember when I was still buying individual stocks talking about how well AT&T was doing and how safe the dividend was, shortly before the board of directors announced the dividend cut (after 35 years of consecutive raises). After that he went on a rant against the board, logically. Funny how a guy with so many failed predictions is so popular. That's probably why there are a lot of people who enjoy watching him.

Probably the reason that people still listens to him is because he's the one that's a good way to know if you can get a profit from investing in something that he's talking about, just do the opposite of what he says and I think that it's a really good way to go. Cramer is the Cassandra of investments albeit we know for a fact that we don't have to believe in his predictions. I think that this guy deserves my follow on X, seems like a good way to aide your predictions on your investments in case he talks about it.

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Quote from: nutildah on January 03, 2024, 10:10:46 PM

He also frequently makes several suspiciously-timed wrong calls about the same stock, yet for some reason anybody keeps taking him seriously. So what do you think? Does Cramer's endorsement of Bitcoin mean something terrible is about to happen? ETFs rejected or delayed, institutions pulling out? Or is it all just a superstition?

So officially this can be called as Inverse Cramer Effect which can really be so funny...just like saying that many of the things Jim will happen or predict will happen will not actually happen but the other side will. yet what is funnier is that Jim Cramer continues on cramming his many ideas and perceptions into the public and maybe we can say that he has a good sizeable audience as his captured fans. So now whenever he says this, some people will do the other thing. By the way, Jim Cramer is not an expert on Bitcoin and cryptocurrency so I don't think anything he has to say on this market has a real value. The man is fake.

nutildah

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Jim looking a bit gaunt on what appears to be his 80th birthday.

My immediate thought is to short cheesesteaks and SPAM.

In the comments, Daniel Oakley asks,

Quote

How [d]o you have such a large following with such a bad reputation?

To which Krypto Kangaroo responds,

Quote

I follow Jim so I know when to buy/sell bitcoin.
When Jim says sell, I buy.
When Jim says buy, I sell.
Simple. And the only reason that I follow him.

headingnorth

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NO SHITCOIN INSIDE

Inverse Cramer never fails! Grin

Bitcoin Surpasses $47K, Up 16% Since Jim Cramer Said 'Unlikely To Find Its Footing'

After surpassing $45,000, Bitcoin (CRYPTO: BTC) has now soared past the $47,000 mark, marking a 16% increase since Jim Cramer's Jan. 22 tweet that it is "unlikely to find its footing.

https://www.msn.com/en-us/money/markets/bitcoin-surpasses-47k-up-16-since-jim-cramer-said-unlikely-to-find-its-footing/ar-BB1i2oTS

nutildah

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OK, order has been restored in the Inverse Cramerverse.

https://twitter.com/jimcramer/status/1750571289566204068

Quote from: Julien_Olynpic on January 25, 2024, 10:15:27 PM

But he voices his forecasts most often at the point where the market is turning.

Mmmhmm... And you believe that's just a coincidence?

Julien_Olynpic

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Quote

I find that he flip and flops way too much. He can change his mind every few hours pretty much. We might rally to $42K and he will say “bitcoin going to ath” and we will break down the $39k low that we put in.

I also think Jim Cramer changes his mind too often. When you change it so often, then someday you will of course be right, and someday you will be wrong. In general, a coin toss would produce a similar result. But Cramer is a little more often a counter-indicator. Why is this happening? Because Cramer bases his forecasts on the continued movement of the market. If the market falls, Cramer believes the market will continue to fall. If the market is rising, Cramer believes the market will continue to rise. But he voices his forecasts most often at the point where the market is turning.

nutildah

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Maybe this is happening because it finally became profitable for Cramer to make Inverse Cramer decisions Cheesy

The weight of Inverse Cramer briefly superseded the weight of Cramer, and so he had to reverse his form in order to restore balance in the universe.

So far BTC is pretty flat from the time of his call. Just goes to show the balancing is still processing.

adaseb

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For the past couple of days he was bearish on bitcoin and yet the price still went down, so basically he was correct. Now he is tweeting even more about being bearish and it looks like we might of bottomed, at least temporarily since we got a few days of doji closes.

I find that he flip and flops way too much. He can change his mind every few hours pretty much. We might rally to $42K and he will say “bitcoin going to ath” and we will break down the $39k low that we put in.

Julien_Olynpic

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By the way, Cramer’s last prediction that Bitcoin was forming a top and it was time to sell turned out to be correct. This once again proves that even Kramer is right from time to time. When his predictions began to come true and the discussion on this topic ceased.) This is why I would not invest based on reverse forecasts. Kramer seems to be telling us, “Guys, do your research. Don't rely on me. I can lead you down the wrong path."
And for his prediction, Cramer used a banal truth that everyone knows: “buy on expectations, sell on news.”

AakZaki

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Quote from: GreatArkansas on January 10, 2024, 07:14:17 PM

I think this is not a meme anymore Grin

Seems a lot of traders already made Jim Cramer as indicator of the inverse.

It's kinda sad, you are popular and everything you are saying is seems doing opposite, for sure lot of people are talking advantage of popularity of Jim Cramer to dump on people who are following always of Cramer.

hahaha reverse indicators, this looks silly but in reality what Jim Cramer said always works the other way around. like the opposite day in the spongebob cartoon which makes me laugh watching it. people will mark what jim cramer will say next, like elon musk's tweet that if he says go up it will go up, but when jim cramer says go up, that is a signal to buy because it will go down drastically.

Julien_Olynpic

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One thing I would like to point out is that many people believe that Jim Cramer never “makes a mistake.” That is, his predictions come true exactly the opposite. I don't think so. He is "wrong". That is, sometimes his predictions work out exactly as he predicted. Why? I don't think anyone knows the future. Jim probably doesn't know him either. Did you know there is a Reverse Kramer Foundation? Sometimes you can even find a graph of its profitability on the Internet. This graph does not represent a smoothly upward curve on the graph. No, it's more of a line going up with a lot of downs. This means that at one time his predictions did not work in the opposite way.

nutildah

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