Topic: "Mr. Bitcoin is about to go down big." - Jim Cramer (Read 410 times)

I placed the order an hour after we dropped from 35000 at coinbase to 32800.

I placed a second order at 34343.40 at the same time. both cleared. I am USA based so the gains on these two sales will wash against my sales made last year at a loss.

I do have a 111111 sale order placed.

I'd never heard of it before. So there's a guy named Inverse Cramer, and his predictions was completely contrary of what the market was working at.  I'd never heard of this individual before, but his projections shouldn't sway many people unless they're ignorant of the bitcoin market and how it operates. Just assume this is just another speculative statement made to draw attention to himself rather than a prediction based on rigorous market inquiry.  Things like these, and many more will be prominent as we approach the bull run season.

Imagine having this kind of power as a reverse indicator. Anyone can get their predictions wrong, that's normal, but he is so consistent with his track record that it's just eerie.

I know people are laughing at him, but they are also making a lot of money by betting against him. I am not sure how he does it but this seems to be more accurate inverse indicator then anything i've seen. It might even be self fulfilling prophecy when enough people bet against him, and just by quick googling that seems to be a popular thing to do. I would imagine that this would end at some point. I am guessing that he might be betting against him as well. Although i recon that isn't legal.

I don’t believe in predictions to be honest. All i need is evidence and proofs that supports Bitcoins growth and for which it will force me to invest in it. According to the person Bitcoins should go down, but the reverse has happened. The sudden price increase was really unexpected, but many great Bitcoin enthusiasts already knew this was coming. Nevertheless when you invest big amount, you should always do the research yourself. Do your own analysis and make own profits.

People shouldn't care what some random person says on the internet (or anywhere else for that matter) and most of them don't. Specially when it is people who want to be seen and gain some publicity in a certain community.

By the way this is not a "pump", it is a very small rise after breaking a resistance while price is still under the intrinsic value...

If we look at the fundamental analysis, on the one hand, the Etf approval rumor, on the other hand, the war in the Middle East and its global effects create speculation on Bitcoin. If the Etf approval does not materialize, a consolidation is inevitable, which most technical analysis tools show. I think Bitcoin is holding on to the 30k $ band and will remain horizontal in this area.
However, the expected ETF approval is now certain to come in January. My prediction is that Btc will be over 35k $ by the end of the year and priced at 45k $ when the Etf news is realized. Considering that the halving will take place in April, it would not be a surprise to expect a new ath in 2024. I think the 100k $ limit will be exceeded in 2025.

It's just for fun, selling unique numbers to make it a memorable moment.
Selling at the optimal price should certainly be done depending on how many targets you want to achieve.
My target for the next ATH is $100k and I'm going over with a unique number of $111,111 or something else.

The most important thing is not about the unique number,
but whether you can hold on to the target price or will only sell at the beginning due to psychological pressure.

Congratulations now you sold at $34k and that could be a good profit.
Maybe there will be more purchases if there are some price corrections.

Hoping to stay above $30k is certainly a good point to reach the next bull run.
The support for the $30k price looks strong, that is the point of a flip trend or reversal.
If that stays in place until the end of the year, we will see even higher prices, the halving will drive it.

Mr. Cramer obviously doesn't know what he's talking about. His perceptions about bitcoin are totally different from the reality about bitcoin. That's the reason why every time he opens his mouth on his bitcoin predictions, the opposite thing will happen.

However, if we analyze it closely, would it be that all what he is showing to all of us are part of the show? Know that he's a well-known celebrity that can influence millions of people, so if majority of his audience will agree on him, that means his show will also come out successful and top rating. And to think that he said that bitcoin is about to go down big in the time that bitcoin halving is near to happen, so that means he is obviously stating the ironic way. And only those people who don't really understand bitcoin will definitely favor his side and his own points of view.

This might be an old news but it can still happen since the price pumps so high in just a short period of time and we all know, whales will always take profit. Let’s just hope that Bitcoin will still hold at the level of $30k before the year end so we can have a good price to look for by next year. The current trend might be the start to end the long bear trend, maybe its about time now for us to be optimistic and start accumulating again.

You're must be kidding, mate.  
I think you're not a type of person who easily sell your Bitcoin.
Today, Bitcoin could pass $35k, and now it still survives around $33,7k. If you want to sell your Bitcoin, it should be around $34k-$35k. But I still assume you don't need to sell your Bitcoin, you probably hold until its new ATH. You're a long term investor, right?  

Everyone can make a unique price for selling Bitcoin, it is easy. We just need to set the selling price with a certain number, it can be 33333 or 44444 or another else. However, I never think to sell with a unique price. I prefer to sell at the optimum price that looks possible for the next pump. I've heard about the possibility of Bitcoin to raise to $35k several days ago. So, I set the selling price around $34,xxx, today it was sold already.

I guess this type of indicator is still the most effective of them all. Whenever these skeptics that are saying something negative about Bitcoin, the opposite happens. How many times did we saw this in the past? That whenever they say something that's against to us, the market reacts oppositely to what they have exactly said. So, if there is something new he say about bitcoin going this high and crazy price in the point of time, then we shall see the opposite reaction again by it.

Congrats, can buy back now again. 

Congratulations on your sale. I think there are people in every country that we should do the opposite of what they say

There are all kinds of people in the market, and some people's words often turn out to be the exact opposite. There are people like this in my country, too, and there are many answers to their every word. Such things in the market keep people entertained in boring times. We all spend most of our time in front of the computer, so we need such entertainment from time to time.

We are all speculators on here on this space on which it is really that common or normal that you would really be hearing out different sentiments and approaches towards Bitcoins price or in overall market condition on which it would really be just not that recommended that you would really be just simply following on what others been telling. Yes, the price could possibly go down but in overall we do know that this market could really be just only have that two possible path to take on which it could neither be that up or own. Common sensely saying that when it comes to price movement then if there's upward movement then there would really be downward which it is really that typical to happen.It do really just turns out that there would really be other technical approach in regarding on how deep would be the rise or the dump.TA cant really be that precise as always but its something that would really be that relevant if you do really know on how to read up charts.

Sentiments and news are common but just like been said that nothing beats out on following just on your own and dont get easily be influenced with those external speculations
made by those so called experts or popular people which it wont really be that something worth i should say.

Following your own method or strategy to buy and sell is the right thing to do, of course. Don't even take the statements of anyone very seriously, listen to them all, and see how the market reacts to them or don't, but don't base your decisions on what someone might say about Bitcoin or any other cryptocurrency, be it positive or negative. Since people don't react as much as they used to do before, negative statements and FUD don't affect the market much these days unless it's something that actually happens and everyone sees it happening, then that might cause panic.

Wise people say that you should listen to everyone, but do only what you think is the right thing to do, and this thing applies everywhere, even in the cryptocurrency market because there are a lot of so-called experts in this industry that will leave no opportunity to misguide you but you need to be careful.

We all know everything is scripted, and to make the show more interesting and appealing to the audience, then attacking bitcoin despite of how some defended it is actually a good move for Cramer. Now, because of his wrong prediction and perception about bitcoin, a lot of his audience have even develop the interest to know more about bitcoin. Thanks to his post actually because bitcoin has seen making a sudden significant price increase totally opposite from his own prediction.

This is one proof that bitcoin cannot be controlled or manipulated by what other people say. In fact, the opposite thing happened making the whole world totally amazed with how bitcoin moves mysteriously.

Get entertainment while enjoying profits.
Jim Cramer is indeed a reliable entertainer LOL.

See in 2021 how he sold his Bitcoin holdings and now wants Bitcoin to go lower because he wants to get a cheaper price,
but in fact he was abandoned by Bitcoin and now Bitcoin reached a price of $35k++.


https://www.coindesk.com/markets/2023/10/11/mr-bitcoin-is-about-to-go-down-big-jim-cramer-expects-lower-prices/

BTW, you sold at a unique price of 33333, how long did you place the order?
Maybe I will set a sell order at 111111,

He is not always against bitcoin and the cryptospace. He also becomes bullish and announces his bullishness when the market begins to be on a correction.

If you want close to 100% market timing to sell your coins, wait for Jim Cramer to announce that he is bullish on cryptocoins hehehehe.

Congrats, on your sale mate.

As for Jim Cramer, yeah, if he makes predictions, the opposite is going to happen so it's better to really counter most of his self proclaim prophecy on bitcoin itself. On the other hand, if he did make another bold claims, then for sure expect another huge gains. 

So we have to thank perma and anti-bitcoin like Jim, sometimes we need this kind of "entertainment" in the market.

he is a mad genius. I did a sale at 33333 today.

I like that chart but if we take the lows as more reliable gauge then the peaks in prices and both a mirror of each other then we can still pullback to 28k and be within that bullish trend.
  Cramer saying yay or nay is not much, he is mostly just warning his audience not to get carried away and maybe he should be talking about allocation rather then absolute calls for or against.
  Lets pretend a universe where Cramer could be right and still within the boundaries of true to the trend.  We might lose 10% say, that would fit the narrative of a pullback that confirms the break as per that chart ie. quite a normal thing to happen.  BTC is volatile and people should be ready for that to occur, all of that is a mouthful vs just pressing a sound effect button and saying no.

Depends on what you would really be that ending up on doing because sentiments like this is never been something new whether do came from with those known personalities or popular person or with some average joes on which it is really just the same. The only difference on here is that there are really that those price calls and sentiments which turns out to be totally opposite on what they are doing. Specially on making some bearish sentiment but actually they've known something that there would really be some huge buys laterwards and making the price going up instead of dumping. This is why its never been that ideal that you should really be making yourself that get easily believe on whatever words that you would really be hearing out on this space. Always better that you should really be that sticking with your own methods and ways on how you do handle yourself
with this market.

Going down big?It could be yes or it could be no, but since we are really not still on halving season then i wont really be that shocked if the market would really be still making out some
that one time kind of dump or decrease into its price before we could really rocket into its price. There's no way on knowing on what would the future holds or what it would look like.
The importance on here is that you do really know on what to do and assume out things that your analysis would really go out and would happen.

This goes to show that bitcoin is free from such straight face prediction and not just obeying to every call out there. Bitcoin community doesn't follow those speculation and probably that was meant to pull price down for scooping of the coin at cheap price but unfortunately that didn't happen and ever since then the price have been increasing. The expectation for me is for bitcoin to position itself to break $31,000 and then the bull hits the market next year.

I can understand making such statements as news headlines or as a joke, but they are not a tool or methodology for predicting the price of Bitcoin or advice that you can take for investing.
Sometimes they make statements or lie to influence the shares and buy more of them, or they are paid by whales to move the price. you should not take any statement or your investment should be based on statements even if if it elon tweets as we have seen this type a lot in DogeCoin.

The possibility that the price would return to $26,966 (Bitcoin 50-Day SMA) was possible and it is still because the price need to reach $33,577 before we was safely said that we will not return again below $30,000.

This is the reflection of the independence of Bitcoin as shown in how Bitcoin has proven spectators wrong at several time,  just as you expect less from a Bitcoin boom it goes all up to rube that shit into their face, that is why it is better to avoid anything related to speculations and concentrate on building the sustainable basis that will add our balance ground and long term holding.

If you are lucky to have bought into Bitcoin when the price was at a discount then you are lucky but aside from that you may have to wait out your time to be able to cash in the market volatile.

Having this knowledge for whatever becomes the outcome of the market and not borders ourselves with such negative statements and their possible impact on the market.

I believe in coincidences more than I do what Jim Cramer says. It just so happens that the Bitcoin price was pumped down after a very smelly mouth uttered words that could cause panic for some investors who held Bitcoin. Greed could be the mastermind behind all this, he is deliberately spreading panic in the Bitcoin market and then they will take advantage when the market goes down.
Such market manipulation will never make big investors panic easily, I will try to hold the assets that I have managed to collect even though Bitcoin is fluctuating downwards because I am very confident that Bitcoin will return to its highest price.

To be honest, that's simply a saying, which is why I didn't believe it. However, if something similar to that happens, the prices of Bitcoin would be affected, especially if the individual who stated it is well-known. If you recall what happened to Dogecoin's price as a result of Elon Musk's simple tweet, "Dogecoin is the people's crypto.", the price exploded. I understand that individuals nowadays are too educated to believe in a simple tweet, but others see it as an opportunity. Many people pass up that opportunity. However, the person who's mentioned in the Op is not Elon Musk or someone of similar fame, which is why no one or a small number of people will buy the tweet.

Many people want to manipulate Bitcoin prices all the time to profit. I don't think he is excluded from this. Crypto's completely free nature makes people talk about how they feel or people just become liars to create themselves opportunity. I feel like Bitcoin is definitely not going down that huge at this point. It will be very volatile. This volatility is another reason why people wanna talk about Bitcoin doing very hardcore moves.

At this point it’s so obvious that Jim Cramer’s job is to use the peon’s to overbuy and oversell assets that he’s trying to love the price on to get himself or his clients a more attractive buy or sell point. It’s been obvious for so long that it’s now a running joke. The sad part is that I’m sure he has fans who are retirees and are losing their life savings following his picks.

Whatever he or anyone says about Bitcoin now should be taken with a pinch of salt. No one should be moved by any FUD that comes up because it can only be a strategy to dip the market by whales to buy back cheap. By the way, who the heck is Cramer?

It should, of course. I don't see any other way for Bitcoin than to go north. The halving breeze should be in the air for the taking now and it's exciting investors, the market is also coming up lively once again. Nothing beats this feeling and expectation.

Some people are easily attracted by what they heard. Only few people like us on this forum and those that have the indepth knowledge about bitcoin have the knowledge to know that some people are making stupid comments about bitcoin price going up or down.

If there is any analyst that is making prediction that bitcoin is going down without explaining how the price will later increase significantly, those are bad analysts.

People do not also know that anyone can be analysts as long as they are predicting the market. That is why you will see some analysts predicating bullrun while some other analysts will be predicting bear market at the same time.

I am myself analyst and I know the bear market is over for now, even if bitcoin will still go back to $25000 because we are moving closer to the next halving block.

We must remember that when it comes to TV what matters are the ratings and the profits coming from the advertisers, so his accuracy as a trader takes second place over his showmanship and abilities as an entertainer, so once you begin to think about it in those terms then it makes perfect sense why he is still on TV and why most likely this is going to keep being the case for a long time, however as long as he does not distract us from executing our strategy as we should then what he says should not really matter to us at all.

Yeah when I heard that I was thinking, "Perfect time to long again". And I couldn't believe that a couple of days later bitcoin got a huge up move while being sideways for months. The track record that the guy holds is unbelievably horrible. The fact that he is still on TV doesn't make sense.

Maybe people watch his show mostly for comedy reasons. I can't think of the many times I've seen the guy say the most ridiculous things and he also has a tendency to go on the air drunk or at least with no sleep what so ever.

In a funny way we can take his predictions as a contrarian indicator but they are actually part of the show. Someone who keeps making predictions is going to be wrong on some of them, it's how he makes them that generates controversy, but it's to attract an audience. I'm not the least bit concerned about what he says. I'm more concerned about what will happen after spring halving next year.

The best Bitcoin pathfinder is you, but if you are not experienced, I'm so sorry, you would have to be tossed up and down like a leave being blown either way by the wind.

Many of these guys are privileged to be either rich, connected, vocal or popular, and this is making people place too much importance on them. No one is a perfect predictor of the market, which is why we need to be careful. Even at that, I see no reason why a good trader would call Bitcoin a bearish market recently, not even in the wake of the Israel-Hamas war because technically, it's bullish in the long-term, this is not hidden.

It's possible Bitcoin holds a bullish stance for the rest of this year, I don't see anything changing that for now.

 

Jim Cramer's job was to put out a show in the first place; not sure why anyone would take his words seriously — despite him actually being decently capable of investing(from what I've heard); or why anyone would take investment advice from a freakin TV show.

This is another form of prediction that some may fall for, and I can't still tell why many people fall for these bloggers or YouTubers, they can't see the future of Bitcoin price and it hurts to see how those who invest use their crazy predictions and lose instead of gaining.
I think is time to just let the words these guys are saying slide by without taking it to heart.
The annoying part is that these guys knows how to make their words get into many that views their videos and when it fails you won't hear anything concerning why they gave a false predictions.

Really can we call this a pump?


There have been mr cleaner all this days that Bitcoin suffered a lot of market decline to the point that, the price of Bitcoin dropped below $20,000 because then, there was a need for assumptions that could trigger the Bitcoin market shift to a recovery level.


But at the moment, bitcoin is at around $30,000 which is a significant recovery price that has nothing special attached to it.

Spare me with all this assumptions and predictions, they are not doing any good to my Bitcoin journey. I buy according to my investment strategy and I also know when to buy, how to buy, how to hold and when the time comes to sell.
So many persons has placed predictions and it always turns out false, don't let the sweet talks rule you blindly.

It depends on you if you believe what he said. There are only two things that can be seen from the person who spoke: first, either he doesn't know anything about Bitcoin or maybe it's just his way to beat or give fud to BTC so that if there is a panic in the majority of the Bitcoin community and a lot of people sell, they will take advantage. He bought it when the market value went down.

That's the style of swindlers and liars in the name of money, meaning he's the type of person who has greed in his personal nature to get what he wants.

The Inverse Cramer effect strikes again!

October 11 Jim Cramer said on CNBC "I can’t go out with bitcoin because I can’t be in something where Mr. Bitcoin is about to go down big.”

Just two days later bitcoin did the opposite and pumped like crazy.

Whenever Mr. Inverse Cramer opens his mouth about Mr. Bitcoin I know it is a great time to buy in big.