Topic: The Jim Cramer affect on Bitcoin.... (Read 243 times)

Thats what I always try to reinforce among the new traders. If you are in it for the long term you are bound to get profits, but you wont get those huge numbers that some youtubers might say with their eyes popping out of the thumbnail.

For someone making predictions, I tell people never to follow such people. Predictions are correct in 50-50 times and they are not the practical basis of any trades. Instead they are to be taken with a grain of salt and laughed at. Maybe in short term you can make profits but its risky.

I still dont see the point of twitter being the impetus to buy or sell. Its foolish to follow people like that.

The negative impact was noticeable, a very sharp drop of the price. But it started recovering the very next day, and then returned to the pre-Cramer level in 5 days. That kind of resilience of Bitcoin is very nice to witness. It means Bitcoin's price is still vulnerable to some people's opinions, but that doesn't trigger a bear market, the drop is manageable, and full recovery (to a price level before a certain opinion makes its impact) is very fast. From the long-term perspective, these small fluctuations caused by certain people don't matter.

If he do then he is doing it wrong. The OP already explain this effect. So if he expects BTC to moon, it could actually go down. And there maybe people who will make it happen because they are also riding this trend (the Jim Cramer Effect). He talks about BTC there and BTC is a crypto. So his view right there is crypto-related. Predicting BTC is hard but people might still blame him as it disrupts the natural flow of BTC.

But, some will just ride it because they can still get benefit out of it. I agree when you say best thing to know is when you don't know. It's because when someone thinks we are clueless, they will continue what they are planning about. But they don't know that we already know this.

He is funny and although he has been wrong many times we can't think that he will always be wrong, having a kind of contrarian power. If he says that the price of something is going to go up, sometimes he gets it right, what happens is that in him, who is dedicated to it, the times he gets it right are not as loud as the epic fails. So don't worry that the price is not going to go down this year because of some kind of Cramer curse.

Honestly his statement still stands. It might sound like I'm sucking the Kool-aid on this one or whatever but I've been in this industry for so long to know that bitcoin's not going anywhere if the cryptocurrency world persists. He's definitely right, just coincidence playing its funny jokes against people who have the loudest mouths but he's right and I don't think this funny thing is going to tarnish his reputation. I mean at the very least he's not Craig Wright lol.

He's a bonehead and an outright clown but he's our clown (lol). And while I don't think we could really support his shit I don't think he deserves the hate as well especially on this one cause at the end of the day what he just said is true and downright indicative of what the current and the future market holds for bitcoin. Plus it's on the people if they believe "experts" at this point lol. Every one's guesses are as good as any one else and if that still doesn't register to you as a crypto trader and investor then I don't think it's anyone else's fault you keep falling for the stupidest honeytraps.

At the end of the day, he didn't necessarily say that bitcoin's going to pump to the moon right then and there, he just said that bitcoin's going to stay. I don't think he's wrong in this one, it's just his fucking loud mouth that got him this time.

He is chasing momentum on the trading of BTC but his view is secondary as its not crypto related its purely the volume of trading in that ticket symbol he sees.  I dont blame him for getting it wrong exactly, it would equate to driving using only your mirrors going backwards.
   Best thing anyone can know is when you dont know, his advice is just a popular opinion for a tv show he has to say something and loudly I guess.  Thats his thing, the same deal has been true of stock tips given in newspapers for years they tend to state what just occured more then predicting what will happen which is generally how a profit would occur.

Who was it like him that have good predictions but then none of those words came into reality? Was it that Galaxy Digital guy or something like that?

He's also been bullish and have been telling 6 figures future price of Bitcoin but we'll for sure be there. All of these clowns are making themselves really good in front of the media but then the opposite does come and see how worthless they are upon their speeches in front of the national or global television.

So if someone misses the dip, you should pray that another expert will say some good signs about the market.

OP, you're right about him being an absolute tool and frankly I'm surprised that with a track record as abysmal as his that he still gets airtime.  His predictions are worse than the shittiest meteorologist, and that might be acceptable if it weren't for the fact that he's basically giving financial advice and not telling the public when it's going to rain.

If he said bitcoin's going to the moon, well, let's just hope that it's a case of a stopped clock being right twice a day if you know what I mean.  Bitcoin did take one hell of a dip recently, but it seems to have rebounded from it in no time.  I get the sense that the market sentiment is still bullish no matter if there's a Crackpot Cramer Curse. 

These are all just FUD. And the more you believe in them, the more likely they will occur. We believe in all these kinds of shit that influence our life in such a way that we can't even detect them. It happens subconsciously and we make emotional decisions based on them. Just stick to your target until you reach them. No one can stop you from achieving your success but you.

The human mind is so complex that no one has found a way to understand it. The more you think about it, the more you go deep into the rabbit hole. Stop taking these kinds of things seriously. Whatever happens, happens. You and I aren't capable of stopping it. So stay true to yourself and your strategy. If you are walking the right path, you will achieve success in the end.

I don't really understand the issue of internal conflicts of interest within the Matrixport company because I only follow and find out when there is something that is thought to be related to the discussion I am taking part in. 

The chart movement has returned to the upside after Jim Cramer's statement and the ETF issue from the Matrixport company.
A decline of 5.6%, has now experienced an increase of 3% although it is still less than around 2.6% of the decline that was said to have occurred after Jim Cramer made a statement regarding Bitcoin.
Jim Cramer or other figures have little influence on the rise and fall of market prices.

I do agree that it is not that easy, it should be considered a big deal and I understand that people are not approaching him like he is a serious investor, he is an entertainer and nothing more. I mean we are talking about people who are just having fun, that's it.

You need to realize, even if you are in wall street, such a high stress, high level job, it still means that you need to laugh at something, and Jim Cramer is basically a comedian that should be considered their type of people, he speaks their language and makes jokes about their world. I understand that some think that he is being serious, but he is not, even he is aware that he is just doing it for fun and in his personal life he is not like that at all, seen plenty of his "normal" videos.

  I'm sorry for the term I'm going to use on the topic we're talking about; only a fool would believe that person. Everything that that person says is the opposite of what actually happens. Woe to those who believe in that person.

  I remember before he said that its holders should sell Bitcoin when its price value was at 17k$, but after what he said, Bitcoin rallied. So those who believed in him sold bitcoin around 17k$ each will be blamed for the belief made in that person. So don't just believe anyone's prediction in this field.

Tom Lee also talks on CNBC a lot and he's a joke just like Cramer. If you did Inverse Tom Lee since 2017 you probably did better than if you held and that's hard to beat since holders made over 30x since then.


People are overestimating Inverse Cramer. Check the stats of his predictions. Lat time I checked he was wrong only 60% of the time, so 40% of his predictions were good. If you dumped everything he recommended you actually made money since the creation of the inverse Cramer ticker, but it's not like he was always wrong. The funny thing about him is that Inverse Cramer used to do better than S&P 500 in 2022

I don't think this is something new. The market reacts in different ways for many reasons and one of this is anytime a traditional financial expert says something about bitcoin, it's always the opposite that happened later, Jim Cramer is always victim of this actually. However, I will say that this was a coincidence and I don't think his statement really carries a heavy storm to make bitcoin fall like this, I mean more than $5k loss in a single 15 minutes candle is not something Jim Cramer is capable of pulling off this time most especially now that the bullrun is fuel by halving, I think it's a coincidence.

This has something to do with ETF, don't you think? There was speculations that ETFs were likely to be approved this week on Wednesday which was yesterday, that was what was circulating in December but now it seems they are been shifted for reasons known to them and that's why bitcoin fell off but if you observe when some start saying it will SEC is going to sit and have a meeting with ETFs applicant, suddenly the market started going up and that's why think this is nothing but ETFs game of throne between the applicants and the Security exchange commission.

Jim Cramer is supposedly a legendary investor, he is a former hedge fund manager & is a TV anchor now on CNBC.  It’s become popular to laugh at his investment advice & trades because the price of things he recommends & is bullish about often dumps. It’s become funny & popular to counter-trade him. There is a troll account on Twitter called Inverse Cramer https://x.com/cramertracker which has over 280k followers. The real Cramer was annoyed by this profile & was tweeting about it a few months ago.

Obvious sign someone is on the wrong system that has no control over things that move against him/her.
The Right System is designed to work against people who are not part of it so people are not misled into thinking they are the right guides that need to be followed. Bitcoin is on the right system and will definitely move in opposite direction

Cramer is a clown. I don't want to believe anybody is stupid enough to listen to his "advice". Don't do anything he says, don't do anything the opposite of what he says (means ignore the reverse Cramer ETF too). Just ignore him completely and you will improve your quality of life immediately. I am so sick and tired of this clown so much, I am ignoring everybody who posts something about him on reddit. That's how you should deal with this crap. He is still there and doing his thing because people share his stupidity on social media and laugh at him. Don't.

You can also compare them to that space psycho who makes trucks and launches satellites in order to connect human brains with what no and other bullshit. Whatever they say about crypto leads to pumps but they dont sustain and drop soon after, so dont follow them either.

In other words, dont follow anybody as financial advice expect your own self. If you see someone making big comments about something, assume that they are personally involved in it and you should steer clear.

At the current up and down position of crypto, anything can happen so keep both types of orders open and just wait and watch.

This will always be the best to do and if I had the chance to buy and hodl then I will surely do it every single dip and apply DCA. Since I have no extra money to buy and with the current high fees I can't afford one but my weekly rewards of Bitcoin from signature campaigns I think it will also count as a DCA and is better than nothing. Whatever influencial individuals will sayabout Bitcoin it is still up on us if we want to get distracted or keeping calm and buying Bitcoin everytime there is an opportunity.

He’s right when he said bitcoin is going to the moon, but the problem is when it will start taking place? For now, the rumors that has been circulating around about the upcoming rejection of bitcoin spot ETF proposals is very popular so most probably, if it’s really going to happen, hence bitcoin price will immediately suffer an instant price decline.

However, there’s no wrong with that since bitcoin is highly volatile and we can expect any price drop from time to time, but instead of seeing it as a threat, we can transform it into a major advantage for us so we can maximize buying bitcoin again in preparation for bitcoin halving. So there’s really no problem if Jim Cramer prediction will be an irony of what’s going to happen. At least, we know bitcoin price will eventually recover after couple of days or months. This is not new anymore so we should not be over affected with this.