{"id":564998,"date":"2023-12-12T23:00:30","date_gmt":"2023-12-12T23:00:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=564998"},"modified":"2024-06-11T08:14:32","modified_gmt":"2024-06-11T08:14:32","slug":"bitcoin-jim-cramer-sell","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-jim-cramer-sell\/","title":{"rendered":"Here\u2019s How Much You Would Have If You Bought Bitcoin When Jim Cramer Said Sell"},"content":{"rendered":"

Jim Cramer, the host of CNBC\u2019s Mad Money show<\/a>, has come to be known in Bitcoin circles for his constantly wrong predictions about the asset. Cramer has, at various points, called for investors to sell their Bitcoin but with the crypto\u2019s price continuing to go up after his calls, here\u2019s how much Bitcoin has gained since Cramer last called for a BTC sell-off.<\/p>\n

Counter-Trading Jim Cramer\u2019s Advice On Bitcoin<\/h2>\n

Back in 2022 when the FTX crypto exchange collapsed and filed for bankruptcy, the Bitcoin price<\/a> had fallen more than 50% to trade below $15,000. This crash took place in November 2022 and a few months later, there was a slight recovery in price and Cramer gave one of his infamous \u2018Sell Bitcoin Now\u2019 advice.<\/p>\n

\n
Related Reading: Solana-Based Meme Coin Outperforms Dogecoin, Shiba Inu To Become 3rd-Largest<\/a><\/div>\n<\/div>\n

As shown in a video<\/a> of Cramer shared by the parody account @CramerTracker on X (formerly Twitter), the Mad Money show host can be seen advising investors to sell their Bitcoin. At the time, the asset\u2019s price had risen around 4% in one week to $24,000 and Cramer believed this was an opportunity to sell. According to him, BTC\u2019s price<\/a> was being manipulated, and selling into the slight pump was the best thing.<\/p>\n

Cramer also asserted that the \u2018price manipulation\u2019 has made him no longer believe in the asset. \u201cI would sell my Bitcoin right into this rally,\u201d Cramer said. \u201cBelieve me, I had been a believer one time in Bitcoin. Not here. Not now,\u201d the show host further added.<\/p>\n

In true Cramer fashion, he would turn out to be wrong less than a year later as Bitcoin\u2019s price would keep going up.<\/a> In fact, buying Bitcoin at the time when Cramer advised investors to sell proved to be one of the best buying opportunities.<\/p>\n

From Cramer\u2019s sell call at $24,000 to now, the price has increased by 80%. This means that if an investor had bought $100,000 in BTC when Cramer said sell and held until now, they would have a whopping $180,000 in their portfolio, meaning an $80,000 profit in less than one year.<\/p>\n

\"Bitcoin<\/p>\n

BTC price over 80% higher than Cramer's sell call | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
The Inverse Cramer Tracker ETF<\/h2>\n
Cramer\u2019s propensity for being wrong has brought him notoriety to the point that there is currently a fund dedicated to doing the opposite of what the CNBC host says. The Inverse Cramer Tracker ETF is currently sitting at $22.07 after hitting an all-time high of $26, data<\/a> from MarketWatch shows.<\/p>\n
Related Reading: Bitcoin Vulnerability Discovered By A Developer Has Been Flagged By The US Government<\/a><\/div>\n
Currently, the ProShares Bitcoin Strategy ETF<\/a> is the top holding in the fund (5.50%) which currently has around $3.1 million in net assets. Other prominent investments include PayPal Holdings Inc.<\/a>, AMC Entertainment Holdings Inc.<\/a>, and Dominion Energy Inc., among others.<\/p>\n
Interestingly, Cramer changed his stance on Bitcoin in November 2023<\/a>, just months after his initial prediction. He has gone on to endorse Bitcoin investments and referred to his earlier predictions as \u2018premature.\u2019<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Cryptorobin.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Jim Cramer, the host of CNBC\u2019s Mad Money show, has come to be known in Bitcoin circles for his constantly wrong predictions about the asset. Cramer has, at various points, called for investors to sell their Bitcoin but with the crypto\u2019s price continuing to go up after his calls, here\u2019s how much Bitcoin has gained since Cramer last called for a BTC sell-off. Counter-Trading Jim Cramer\u2019s Advice On Bitcoin Back in 2022 when the FTX crypto exchange collapsed and filed for bankruptcy, the Bitcoin price had fallen more than 50% to trade below $15,000. This crash took place in November 2022 and a few months later, there was a slight recovery in price and Cramer gave one of his infamous \u2018Sell Bitcoin Now\u2019 advice. Related Reading: Solana-Based Meme Coin Outperforms Dogecoin, Shiba Inu To Become 3rd-Largest As shown in a video of Cramer shared by the parody account @CramerTracker on X (formerly Twitter), the Mad Money show host can be seen advising investors to sell their Bitcoin. At the time, the asset\u2019s price had risen around 4% in one week to $24,000 and Cramer believed this was an opportunity to sell. According to him, BTC\u2019s price was being manipulated, and selling into the slight pump was the best thing. Cramer also asserted that the \u2018price manipulation\u2019 has made him no longer believe in the asset. \u201cI would sell my Bitcoin right into this rally,\u201d Cramer said. \u201cBelieve me, I had been a believer one time in Bitcoin. Not here. Not now,\u201d the show host further added. In true Cramer fashion, he would turn out to be wrong less than a year later as Bitcoin\u2019s price would keep going up. In fact, buying Bitcoin at the time when Cramer advised investors to sell proved to be one of the best buying opportunities. From Cramer\u2019s sell call at $24,000 to now, the price has increased by 80%. This means that if an investor had bought $100,000 in BTC when Cramer said sell and held until now, they would have a whopping $180,000 in their portfolio, meaning an $80,000 profit in less than one year. BTC price over 80% higher than Cramer’s sell call | Source: BTCUSD on Tradingview.com The Inverse Cramer Tracker ETF Cramer\u2019s propensity for being wrong has brought him notoriety to the point that there is currently a fund dedicated to doing the opposite of what the CNBC host says. The Inverse Cramer Tracker ETF is currently sitting at $22.07 after hitting an all-time high of $26, data from MarketWatch shows. Related Reading: Bitcoin Vulnerability Discovered By A Developer Has Been Flagged By The US Government Currently, the ProShares Bitcoin Strategy ETF is the top holding in the fund (5.50%) which currently has around $3.1 million in net assets. Other prominent investments include PayPal Holdings Inc., AMC Entertainment Holdings Inc., and Dominion Energy Inc., among others. Interestingly, Cramer changed his stance on Bitcoin in November 2023, just months after his initial prediction. He has gone on to endorse Bitcoin investments and referred to his earlier predictions as \u2018premature.\u2019 Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Cryptorobin.com, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":565003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,15885,90845],"class_list":["post-564998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-jim-cramer","tag-jim-cramer-news"],"acf":[],"yoast_head":"\nHere\u2019s How Much You Would Have If You Bought Bitcoin When Jim 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here\u2019s How Much You Would Have If You Bought Bitcoin When Jim Cramer Said Sell","url":"http:\/\/ktsl888.com\/news\/bitcoin-jim-cramer-sell\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-jim-cramer-sell\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Jim-Cramer-Bitcoin.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Jim-Cramer-Bitcoin.png?fit=1120%2C520"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","jim cramer","jim cramer news"],"dateCreated":"2023-12-12T23:00:30Z","datePublished":"2023-12-12T23:00:30Z","dateModified":"2024-06-11T08:14:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here\\u2019s How Much You Would Have If You Bought Bitcoin When Jim Cramer Said Sell\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-jim-cramer-sell\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-jim-cramer-sell\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Jim-Cramer-Bitcoin.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Jim-Cramer-Bitcoin.png?fit=1120%2C520\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"jim cramer\",\"jim cramer news\"],\"dateCreated\":\"2023-12-12T23:00:30Z\",\"datePublished\":\"2023-12-12T23:00:30Z\",\"dateModified\":\"2024-06-11T08:14:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Jim-Cramer-Bitcoin.png?fit=1120%2C520","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/564998"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=564998"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/564998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/565003"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=564998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=564998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=564998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}