The Jim Cramer effect

in #bitcoin2 years ago

Jim said sell sell sell, which meant buy buy buy!

Jim Cramer has had some good calls over his career, however, when it has come to speculative stuff, he's had some terrible ones.

The crypto community in particular loves to rub his nose in it when he's wrong.

This being the perfect example...

He said to sell bitcoin a month ago with the price barely above $20k.

Check it out:

image.png

(Source: https://twitter.com/CramerTracker/status/1645829120415133699/photo/1)

Had you listened to him, you would have missed out on 40% gains from that level.

Jim made money on his bitcoin long ago and has been a bear ever since.

He too has been caught up in the blowups and condemns all crypto for the actions of some unscrupulous few.

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Cramer is an interesting guy, I like some of his opinions but when it comes to cryptocurrency, I ignore him completely.

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