ive done everything like twice ....im lost and bummed
... ...i cant imagine what the heck is goin on ....ready to cover it up and forget about it...good greif.
Get a hold of yourself!
Do you have a manual? If not, you can download one here.
http://www.honda4fun.com/materiale-documentazione-tecnica/shop-manualDon't freak out, if I was at your bike right now, this is what I'd do to make sure things are in working order. I implore you to go over these again. This list is from OldSchool_IsCool, but I shortened it and edited it a little.
On a cold engine in this order:
1 set cam chain adjustment
2 set tappet clearance
3 clean points & set points gap (both sets)
4 static time
5 verify float height (see below) *
6 once running verify timing dynamically with timing light (idle and advance)
* Also, did you verify fuel level in bowls with the clear tube method? Do NOT just assume it's right by setting the float height. Post pictures of your results. This is what they should look like on all carbs (that strip of paper is 4mm in height):

Do ALL of this then come back. If you're going to burn your bike, don't, I'll buy it for the cost of the gasoline you'd use to set it ablaze.
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1978 Honda CB550K