in

Bitcoin Hits a New High — Rising 110% Just 4 Months After Jim Cramer ‘Begged’ Viewers to Sell

Bitcoin Hits a New High — Rising 110% Just 4 Months After Jim Cramer ‘Begged’ Viewers to Sell



View Reddit by ShotBotView Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

22 Comments

  1. How anyone listens to Cramer the Toad is amazing and sad. He’s a pumper of whatever is running. His show simply watches what is moving up, momentum, and talks it up. A monkey could do what he does. He has no fundamental advice to give. He just hypes up whatever is running. You don’t take Bitcoin advice from an old school clown.

  2. tldr; CNBC’s Jim Cramer once again urged viewers to sell their Bitcoin holdings, saying, “If you got a big gain as I did, well, I’m begging you to. Don’t let it become a loss. Sell some. Stay long the rest.” Bitcoin on Wednesday surpassed its previous all-time high price of $64,000.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. >“If you own crypto in any form and you’ve got big gains, I recommend taking something off the table,” Cramer told viewers on Mad Money
    last month. “I wouldn’t be surprised at all if crypto eventually goes
    mainstream … but right now, owning crypto is what’s known as a crowded
    trade.
    >
    >“If the Chinese Communist Party liked crypto, that would be one
    thing,” Cramer mused. “But they’ve spent this year trying to stamp out
    everything crypto-connected in China… I know the crypto-lovers never
    want to hear me say ‘sell,’ but if you got a big gain as I did, well,
    I’m begging you to. Don’t let it become a loss. Sell some. Stay long the
    rest.”

    Yeah he misjudged the impact of China banning BTC for the zillionth time, but the essence of his advice is “Secure some gains to solidify your profit, keep the rest in play”.

    Yes, he mistimed the market. But he’s not telling people to cut their losses because of a dip or to dump all their crypto, as some people (and the title) suggest. To imply otherwise is disingenuous.

    If you see BTC as a speculative investment then this is solid advice. If you see it as a financial technology then it’s not. Both views are valid. Have some perspective before jumping into the anti-cramer circle-jerk. This sub is way too concerned with jumping on every soundbyte from any prominent proponent/opponent of Bitcoin.

  4. In fairness to Cramer, he did advise to sell only enough to “not let the gain become a loss”. And he did say to “hold the rest.”

    So, he didn’t exactly go full stop with the sell recommendation. But yes, he’s wrong.

  5. Kramer is exactly like any “financial advisor” you will come across, trained to diversify and stay within the fiat system, keeping you running on the economic hamster wheel so you can stay busy and he can stay employed on your effort, like a parasite.

    Kramer doesn’t get bitcoin; leave him behind, don’t look back and do not mention his name anymore.

What do you think?

Germany Bitcoin

Germany, seized Bitcoin up for auction

Ethereum Price

Ethereum Outperforms Bitcoin, Why ETH Could Rally To New ATH