It usually works out better to do the opposite of what he suggests.

in #crypto2 years ago

Although intelligent, Jim Cramer is a horrible market forecaster.

You would be living in poverty if you had taken this guy's counsel all these years. He allegedly used the money he made from trading in cryptocurrencies to literally purchase a small farm. However, that was in late 2020 when everything was accelerating.

        Since then, his predictions on cryptocurrency have been poor.

Here is his newest:

Uploading image #1...

This was released when bitcoin was 30% less expensive. The irony is that while he advised scaling out of Chinese stocks, he suggested to fully abandon cryptocurrency. Cramer has been a full-fledged bear ever since the cryptocurrency bubble burst in early 2022.

     However, going against him has been advantageous in the short run. He'll probably suggest it's time to buy bitcoin again in a few days, weeks, or months, which will likely mark the near-term high.
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