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RE: Jim Cramer Is Completely Insane... And Says Bitcoin Is Going to $1 Million

in #bitcoin7 years ago

I cannot agree with you more strongly on your negative assessment of Cramer.

Despite this, and my strong agreement with you regarding the dollar, I cannot agree with your overall recommendation.

I will leave my comment at this: regardless of the reasons Cramer puts forward, whenever he recommends something it is a tell, and you should do the exact opposite. That he is recommending BTC should prompt every student of investing to sell the bulk of that currency, for no other reason than his record shows that he is a shill, and is used to pump and dump for the money behind the scenes.

I hope you do not take my comment as a personal attack, but I expect you will. I have made my case for the fragility and danger of cryptocurrency elsewhere, and won't go into it here.

I wish you the best of luck, and have nothing but respect for the creators and users of BTC. I am confident that it has great potential, and can be a wonderful benefit to mankind. However, it has enemies, and the power of nation states and corrupt financial institutions to deceive and defraud in order to steal is woefully underestimated, and I fear for your fortune.

Be well.

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@valued-customer your post is well thought out and articulate. You are warning that it's not good to put all your eggs in one basket and there is nothing wrong with that.