Countertrading Jim Cramer on Bitcoin

[dezoel]

I do agree that he is not a great trader to be fair, and I do believe that he gets paid by the big companies to promote whoever at any given moment and if someone tells him to bash on bitcoin then he would, if someone pays him to promote it, he will say bitcoin is great.

However, I wouldn't counter trade him because one day he will say it is great, and I actually do think that it is great, as long as we invest like that, there shouldn't be any issues at all. That is not a big problem, sometimes even a broken clock could tell the time correctly, and that means sometimes he could turn out to be right, say it's good to buy, and could be good to buy at that moment.

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[adaseb]

Couple of days ago he says that “you all need to get out of crypto while you still can”, or something along those lines. So if his past performance is any indicator then we most likely bottomed and will go up.

The guy was telling everyone to buy Coinbase stock at like $450 or so which was the top more or less and now he is telling us to get out of crypto at or near the bottom.

[Pierre 2]

Its so funny that account's last post is Jim Cramer saying "economy is stabilizing" lol. Honestly I love creative Twitter accounts like this one because they show how easy trading can be, and they encourage people to invest and trade.
But honestly how can someone suggest end is near in crypto? We are in bear market for like so many months, end of bear market is near actually? I don't understand this Cramer boy, mostly he is commenting like spoiled kid as far as I can see.

[bbc.reporter]

News update.

Jim Cramer told investors to sell all their cryptocurrency that they are presently holding. Everyone knows what to do if you are a follower of Inverse Cramer trading strategy hehehe.

However, has Jim Cramer been saying opposite statements of what was supposed he was to say? This is the head scratching question. It appears the followers of Inverse Cramer should begin doing an Inverse of Inverse Cramer strategy if this is true hehehehhe.



Jim Cramer urges investors to exit crypto

CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings.

“You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets,” he said.

Source https://www.cnbc.com/2022/12/05/jim-cramer-urges-investors-to-exit-crypto-its-never-too-late-too-sell.html

Yup, the Jim Cramer counter trade is in full swing. With him basically calling crypto dead, you have your signal that it’s time to go all in. I’m kidding of course, but the numbers don’t lie. Jim Cramer is an absolutely terrible market tuner who is always late to the party with the wrong take on the situation. Seeing him calling for more pain is the first positive signal I’ve seen that the market may be ready for a turnaround.

It might only be another demonstration on how Jim Cramer is always late on market reactions or there are whales who really are counter trading him hehehe.

In any case, this might be one of those occurrences that might show that he is late again. Tether has launched offshore Chinese Yuan in Tron blockchain. I am not quite certain what this implies but it might be Justin Sun has convinced his Chinese connection to begin investing in the cryptospace and he might have also given this Chinese connection a framework where they launder their wealth and avoid China's limits on outflows.



Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin by market capitalization announced today the addition of its offshore Chinese Yuan (CNH₮) to the Tron blockchain. At launch, Bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.

Source https://tether.to/en/tether-launches-offshore-chinese-yuan-cnht-on-tron/

[bbc.reporter]

News update for the inverse Cramer fans. Why did he need to tweet this? Binance is dead hehehe.



Do you feel as reassured by Binance as i do?

Source https://mobile.twitter.com/jimcramer/status/1602964089982033920



But seriously speaking, it really appears that Binance might presently be the safest exchange to trade in the cryptospace right now. I am quite aware that it will not be 100% safe, however, Binance will certainly be holding the lowest risk especially if you have no other choice and you need to use a centralized exchange.

[bbc.reporter]

Thank you Jim Cramer for giving us your signal that this bear market is at an end heheehehhe.

In any case, Barry Silbert might be the last to cause another waterfall of dumping if he is forced to dump some bitcoins and altcoins in his custody. However, I am not very pessimistic. Barry will not occur into something similar to Sam hehe. But reading the news updates on him has been a comedy show. Coindesk has to publish bad news about their owner.



As i predict another weak year for crypto, i do ponder how many people are still involved, now many millions of people....

Source https://mobile.twitter.com/jimcramer/status/1610060125296889858

[bbc.reporter]

News update.

Inverse Cramer traders again are very happy hehehe.



Good chance AGAIN to get out of crypto and scale out of Chinese stocks as neither can be trusted

Source https://mobile.twitter.com/jimcramer/status/1612403708759019520



In any case, is anyone starting to speculate that we might have reached the bottom of this bear market already? I am waiting for more Barry Silbert news, however, it appears there is no bad news after Winklevoss' deadline on January 8. They might be fixing the problem privately.

[TrustedBitcoiner]

News update.

Inverse Cramer traders again are very happy hehehe.



Good chance AGAIN to get out of crypto and scale out of Chinese stocks as neither can be trusted

Source https://mobile.twitter.com/jimcramer/status/1612403708759019520



In any case, is anyone starting to speculate that we might have reached the bottom of this bear market already? I am waiting for more Barry Silbert news, however, it appears there is no bad news after Winklevoss' deadline on January 8. They might be fixing the problem privately.

they have to fix a billion dollar hole, we haven't heard the last of this story that's for sure.

still its unclear just how badly this will end up effecting the market. I mean if you haven't sold by now what are you waiting for???

[bbc.reporter]

News update.

Close your trades, Jim Cramer is beginning to suggest to everyone that the market might pump for the next 2 months.

Why is Jim doing this to the community?



Charts suggest the market could rally for the next couple of months, Jim Cramer says

CNBC’s Jim Cramer on Wednesday said that the markets’ recent gains could become a sustained rally.

Source https://www.cnbc.com/2023/01/11/charts-suggest-the-market-could-rally-for-the-next-couple-months-jim-cramer-says.html

[OgNasty]

It’s almost unimaginable just how much the market rallies against Jim Cramer’s predictions. It’s almost like he’s setting off movements now with his horrible calls. Nobody could just be that bad at predicting. It is like the opposite of Nancy Pelosi. He’s got to have some sort of agenda and insider info. I don’t believe anyone could be consistently so bad at making trading calls. There has to be something else happening here.

[o48o]

It’s almost unimaginable just how much the market rallies against Jim Cramer’s predictions. It’s almost like he’s setting off movements now with his horrible calls. Nobody could just be that bad at predicting. It is like the opposite of Nancy Pelosi. He’s got to have some sort of agenda and insider info. I don’t believe anyone could be consistently so bad at making trading calls. There has to be something else happening here.

There has been some twitter and youtube "influencers" in the past that other influencers have been countertrading successfully, i can't remember their names anymore and some of them have deleted their accounts. I am guessing that in case of Jim Cramer there are bots that are countertrading him just out of spite. Of course these predictions sadly stop working when enough people use them, just like it was MacAffeee pump effect and any TA indicator, even counter indicators lose their effect eventually.

[STT]

Why is Jim Cramer anything to do with a prediction for crypto, 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.   I think we began 2023 bullish but it wont always be this way, play the peaks and buy the lows dont rely on hype to carry us it isnt strong enough.  This year will still both contain both extremes imo hence caution is fair.

[bbc.reporter]

@STT. Jim Cramer makes predictions in the stock market and the cryptospace market. He is also know for his bad timing. The market pumps when he is bearish and dumps when he is bullish. The stock market and the cryptospace market are also correlated in some ways and for this reason when uncle Jim predicts something, prepare for an inverse occurence in stocks and the cryptospace hehehhehe.

Jim made another prediction. Why is uncle Jim doing this to the community?



Cramer sees bullish signs starting to emerge in the stock market

Source https://www.cnbc.com/2023/01/16/cramer-sees-bullish-signs-in-the-market-just-not-in-the-same-places.html

[bbc.reporter]

According to sources, bitcoin is up more than 40% after Jim Cramer declared that he would sell his bitcoin last month. Countertrading Jim Cramer is working hehehehe.



My only wish is he does not declare that he has bought bitcoin until price is on $50k.

[STT]

He is making a TV show in quite a flippant way for the sake of open entertainment & easy popular interest, I think its useful that he is reflecting the wider market fears and hopes.   I do watch Cramer or at least clips of it (just like I follow every mainstream news site etc) and his best spots is where he explains an opinion ideally via an independent source/guess who reflects data with volume on the chart.   Its harder to chart BTC because its a split market, by design its not got a centralized exchange to decide volume on precisely.
  I just dont buy he was ever especially involved, he'd understand slightly better or at least comprehend great volatility is the norm in this area.   He'd be lost trading various commodity markets also, they can half and still be bullish because they are volatile.  Either he or his script writer didnt want to consider that.

A useful bellwether anyway, isnt that media overall.  They write a report of whats just happened in a market where you are trading a future value most often.

My only wish is he does not declare that he has bought bitcoin until price is on $50k.

lol   a smart man would step back, just hold but he cant just be quiet and do that I guess.

[bbc.reporter]

Fans of countertrading Jim Cramer should presently be in fear. According to @Watcherguru, our favorite uncle Jim has declared that the banking crisis has ended after the collapse of First Republic Bank. This might be a warning sign, it might only be the beginning of the banking crisis hehehehe.



JUST IN: Jim Cramer says the collapse of First Republic Bank $FRC could mark the end of the banking crisis.

Source https://twitter.com/WatcherGuru/status/1652102581999550466

[bbc.reporter]

Another one has bite the dust.

There might be these moments in your life when you thought it was a joke and you tell this joke to others thinking it was only joke. However, sometimes it might not be a joke. Uncle Jim was telling everyone that the banking crisis in America ended with the collapse of First Republic Bank. Many inverse Cramer followers were joking that it only the beginning. It appears there are jokes that we should wish not to become true because certainly if this banking crisis is only beginning, it would not be good for everyone in the cryptospace.




PacWest Bancorp led a renewed slide in regional banks after a report that it’s weighing strategic options including a sale heightened concerns that the turmoil engulfing smaller lenders is far from over.

The Beverly Hills-based lender plunged as much as 60% in postmarket trading, while Western Alliance Bancorp fell as much as 38%. PacWest has been working with a financial adviser and has also been considering a breakup or a capital raise, according to people familiar with the matter.

Read in full https://www.bloomberg.com/news/articles/2023-05-03/regional-banks-sink-as-pacwest-said-to-weigh-strategic-options

[bbc.reporter]

Inverse Cramer followers after reading this article.



Jim Cramer: An economic wave is about to hit that will be fantastic for investors

Source https://www.cnbc.com/2023/05/14/jim-cramer-an-economic-wave-is-about-to-hit-that-will-be-fantastic-for-investors.html


I will not be shocked if uncle Jim is really a paid for shill by the institutional investors of Wall Street to trick small investors and become their exit liquidity when they decide to dump on the market. This is very much similar to our influencers in the cryptospace heheheh.

[bbc.reporter]

Jim Cramer has again spoken bullishly.



CNBC’s Jim Cramer said on Monday that Wall Street isn’t responding to debt ceiling stress in the way you might think — in fact, many buyers seem unbothered as chaos reigns in Washington.

“Is it possible the whole debt ceiling standoff is meaningless?” Cramer asked, calling Monday’s market resilience bizarre. “That’s certainly what the market’s saying.”

Source https://www.cnbc.com/2023/05/22/market-action-shows-that-wall-street-isnt-worried-about-the-debt-ceiling-cramer-says.html



This article was published on May 22. How have we not seen this hehehehe. It was another warning sign that market will begin dumping.

[bbc.reporter]

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