Inverse Cramer Strikes Again - page 2.

GreatArkansas

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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.

boyptc

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I started to like guys like him. When they say something good, the actual opposite comes. I've watched the video when he said that and what I noticed, did he really spat behind before saying it?

Quote from: stygilation on January 10, 2024, 04:19:15 PM

Time to get some more Bitcoin Cheesy

You should.

When they start to talk, there are many of them. Use them as your personal and creative indicator whether you should buy Bitcoin or not. Grin

BenCodie

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Quote from: nutildah on January 09, 2024, 09:32:34 PM

We are so back.

IDK what the problem is but for some reason I can't see the image, so here's a link to the tweet:

https://twitter.com/CramerTracker/status/1744532183950283079

🚨BREAKING: Jim Cramer says “Bitcoin $BTC is topping out here”

(happy green wojak group hug image)

Lol! I saw the news about him saying it was topping out and new what would come next....
There's still a lack of clarity about the ETF though it seems like it's been approved, we need official sec publication to be certain. I'm also waiting on clarity of underlying asset transparency for etfs/trust units before I get bullish...though Cramer's comments (if not countered with something bullish from him again soon) is a nice funny way to gain a spot of clarity on whether the short term is bullish or bearish.

Interested to see the next 24hrs of news and to see how many times we bounce from bearish go bullish over the coming weeks, given that sentiment has been changing like a yo-yo as of the last week or two.

stygilation

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Time to get some more Bitcoin Cheesy

Do or Die

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As we know the Jim Cramer Effect" has become a popular meme in the crypto world, many believe that the opposite of what Cramer predicts has happened with BTC. If Cramer says it will be bullish, then it will be bearish ie the opposite. Cramer comments on Bitcoin topping-out Following his comments on Bitcoin, lawyer John Dayton wrote:

Glorious news. Literally, bought more bitcoins.

https://www.talkimg.com/images/2024/01/10/sotOP.jpeg

https://twitter.com/JohnEDeaton1/status/1744697604313588021

nutildah

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We are so back.

IDK what the problem is but for some reason I can't see the image, so here's a link to the tweet:

https://twitter.com/CramerTracker/status/1744532183950283079

🚨BREAKING: Jim Cramer says “Bitcoin $BTC is topping out here”

(happy green wojak group hug image)

tread93

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I think the only thing that can best Cramer is going to have to be Bitcoin haha. As resiliant as Bitcoin is its the only asset that can take on Jim. How dare he speak positively about Bitcoin! Its an outrage! Its a scandal! hahaha. For real though I am laughing but at the same time cramer has been too bearish, just once lets make this a bullish one for real Jimbo!

buwaytress

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Quote from: nutildah on January 04, 2024, 09:46:31 PM

Quote from: buwaytress on January 04, 2024, 11:22:31 AM

I know how cherry-picking works for humour.

It's not at all "cherry-picking." Its a long-standing, well-documented behavior that is consistent & powerful enough for fund managers to have opened an Inverse Cramer Tracker ETF. People are regularly betting millions that Cramer will continue to be a reverse indicator, even when it comes to his calls on Bitcoin.

But isn't a little cherry-picking is still cherry-picking? Ha.

But I concede. If nett results are positive, then poor Cramer must be a moneypot. I daresay if the statistic is true (I believe it is) that most traders actually fail, one must create plenty of Inverse Signals for others too. Unfortunately, not everyone will be as upfront about all their calls.

More important than call accuracy though is specifics of trade (how much). If he trades like I bet, I only need a win every ten calls to profit.

bettercrypto

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This is the predictor who often gives predictions to the crypto community, where the results are always contrary to what he says; in short, it's just a fluke. That's why when it gives advice related to cryptocurrency or Bitcoin, the opposite of that for sure will happen.

So that means what Cramer will say is the opposite of what he said. Don't say what he said if you don't want your crypto assets to burn; that's what you'll do if you're one of the crypto communities in this field.

adaseb

legendary

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He always had bad stock picks. I remember he ended up going on some talk show after the global financial crisis and was basically called out because he gave horrible stock tips and people ended up losing everything.

His most famous prediction was that Lehman Brothers are fine and then a few days later they were bankrupt. People listened to him and put their entire life savings in his stock picks and ended up with nothing pretty much.

nutildah

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Quote from: buwaytress on January 04, 2024, 11:22:31 AM

I know how cherry-picking works for humour.

It's not at all "cherry-picking." Its a long-standing, well-documented behavior that is consistent & powerful enough for fund managers to have opened an Inverse Cramer Tracker ETF. People are regularly betting millions that Cramer will continue to be a reverse indicator, even when it comes to his calls on Bitcoin.

This of course offsets the Inverse Cramer phenomenon, albeit only slightly.

"Cherry picking" would be looking at only one subset of data and coming to a conclusion. I am talking about the fact that he has more wrong calls than right calls since 2008.

https://www.askmoney.com/investing/jim-cramers-stock-picks
https://medium.com/@luuisotorres/jim-cramers-recommendations-a-six-year-analysis-e8a59675135e
https://seekingalpha.com/article/4615583-inverse-jim-cramer-strategy-q2-2023-update

buwaytress

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Man I haven't heard this guy since 2018 -- you sure he's still been performing the same all these years? Kidding of course, I know how cherry-picking works for humour.

I won't deny it, I myself gave in to the dip yesterday and slid into some exotics just for the hell of it. I'm a DCAer myself so it doesn't matter if it slides down 50% or pops the opposite direction, I can't really buy/sell extra but yesterday's ticking down happened just at a time I was selling some coin so I popped out the cork. No research, nothing. Would have bet it all on football otherwise...

SamReomo

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The guy just make inverse predictions and most of the times who are following him know that fact and that's the reason for those sell orders I guess in case of Bitcoin. I don't trust him and his predictions because they make no-sense at all but if someone favors Bitcoin for any reason then I will definitely appreciate that someone. Bitcoin isn't dependent on someone's predictions and even if someone with inverse predictions says something about Bitcoin then again the inversion fails and Bitcoin will go up and up again.

Although, Jim Cramer is the king of inverse predictions but I'm with him if he supports Bitcoin because the cure for curse of inversion is Bitcoin. The guy will relieve from that curse this time because he found the best remedy in the world. Ah, it's not a cruse but a game done in background by the Cramer but that game won't work this time for sure.

Natsuu

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Cramer's always talking about stuff, but his predictions are like wild rides and all around. His track record, from dissing Tesla to calling Bitcoin's doom, makes you wonder if there's more to it than just market talk. So does Cramer pumping up Bitcoin mean trouble? Maybe, but remember, markets have a mind of their own. It's like predicting the weather because you never really know until it happens.

nutildah

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Quote from: Poker Player on January 04, 2024, 12:14:17 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.

Many, many such examples.

Quote from: Poker Player on January 04, 2024, 12:14:17 AM

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.

So he makes an otherwise dry subject entertaining with gimmicks, but other than that, yeah I don't understand it. Other than most people are dumb.

I guess he slips by because he is not wrong 100% of the time, but there is definitely something suspiciously odd about how hard he blows it sometimes, yet he maintains any credibility. Kind of like Tom Lee from Fundstrat: he's always wrong in his Bitcoin price predictions, yet CNBC trots him out every time they need some kind of "expert" to give their opinion on what will happen with the price of Bitcoin.

kryptqnick

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Huh, I didn't know about this guy and this thing about the opposite of what he says. There's a real investment fund that, it seems, does the opposite of Cramer's recommendations and predictions, called Inverse Cramer. That one could have some impact on the price. But there are also probably tons of people following the 'Inverse Cramer' principle who took his words as a signal that it's time to sell.
I think the main effect is a self-fulfilling prophecy, with maybe a hint of intentionally saying the opposite of the vibe in some investment circles at a particular moment in time by Cramer.

NotATether

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Nobody is really concerned by whatever Jim Cramer says except for other investors, and "traders" (I LOL at this word when it is used to reference the crypto community because hardly anyone here is a professional trader, but anyway). HODLers need not to worry about what he says, since they will be holding through all the dips and peaks in the first place.

But yeah the current mini-run is unsustainable and will deflate eventually.

Julien_Olynpic

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It is known that there is even a “Reverse Cramer Foundation”. This fund makes investments and trades based on Cramer's recommendations (does the opposite). However, sometimes statistics on the results of this fund (expressed graphically) come across on the Internet. So, it cannot be said that this fund was very successful. Rather, it is a curve going up, but very slowly, through a series of dips. The assumption that Kramer can always be right or always wrong and you can get rich just by watching his show and betting against him is quite strange. We can say that he is good at guessing the desires of retail traders on the stock exchange... but this is also quite doubtful.

Yamane_Keto

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The press is creative in creating news from things that may not seem related to each other. Jim Cramer may be making some wrong analyzes or intentionally saying some rumors that lead to smoothing the market, but he does not have the influence of people who have influenced the altcoin market, such as Elon Musk, and his influence is no more than Peter Schiff and the memes that are made around him.

davis196

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Do you really believe that all the Bitcoiners know who this Jim Cramer guy is and they base their buying/selling decisions on his ridiculous predictions? I don't know Jim Cramer and I don't trust all those "buy this stock because bla bla bla..." famous TV hosts in the USA.
Maybe some crypto whales are taking Cramer seriously(in the opposite way Grin

) or maybe there's not enough support for a 45K USD price and many traders simply decided to sell some BTC and take the profits before a price crash occurs.
Do you really think that, if Jim Cramer says "Bitcoin is garbage!", the BTC price will hit 50K USD in no time? I don't believe in this BS.

Topic: Inverse Cramer Strikes Again - page 2. (Read 675 times)