Countertrading Jim Cramer on Bitcoin

[BitcoinBabbler]

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

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.

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[bbc.reporter]

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

[bbc.reporter]

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

[naikturun]

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.

[bbc.reporter]

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/

[bbc.reporter]

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

[bbc.reporter]

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

[dragonvslinux]

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.

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 

[bbc.reporter]

@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

[bbc.reporter]

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

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.

[CODE200]

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.

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.