{"id":15243,"date":"2022-12-08T01:05:40","date_gmt":"2022-12-08T01:05:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mad-moneys-jim-cramer-advises-investors-to-get-out-of-crypto-says-its-never-too-late-to-sell-markets-and-prices-bitcoin-news\/"},"modified":"2022-12-08T01:05:40","modified_gmt":"2022-12-08T01:05:40","slug":"mad-moneys-jim-cramer-advises-investors-to-get-out-of-crypto-says-its-never-too-late-to-sell-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mad-moneys-jim-cramer-advises-investors-to-get-out-of-crypto-says-its-never-too-late-to-sell-markets-and-prices-bitcoin-news\/","title":{"rendered":"Mad Money’s Jim Cramer Advises Investors to Get out of Crypto \u2014 Says ‘It’s Never Too Late to Sell’ \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The host of Mad Money, Jim Cramer, has advised investors to sell their crypto, emphasizing that \u201cit\u2019s never too late to sell an awful position.\u201d Regarding FTX, Cramer predicted that the collapsed trading platform \u201cwon\u2019t be the last of these crypto exchanges to go down.\u201d<\/strong><\/p>\n

Jim Cramer\u2019s Latest Crypto Advice<\/h2>\n

The host of CNBC\u2019s Mad Money show, Jim Cramer, has advised investors to sell their cryptocurrencies following the collapse of crypto exchange FTX. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He said Monday:<\/p>\n

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You can\u2019t just beat yourself up and say, \u2018hey, it\u2019s too late to sell.\u2019 The truth is, it\u2019s never too late to sell an awful position, and that\u2019s what you have if you own these so-called digital assets.<\/p>\n<\/blockquote>\n

The Mad Money host used to invest<\/a> in bitcoin, ether, and non-fungible tokens (NFTs) but sold<\/a> all his crypto holdings last year. \u201cI told you I sold my bitcoin and ethereum a long time ago \u2026 and used the proceeds to buy a very nice farm,\u201d he shared.<\/p>\n

He has been advising investors to avoid investing in speculative assets<\/a>, including crypto, while the Federal Reserve continues to tighten the economy. He stressed that investors should not be fooled by some coins\u2019 inflated market capitalization, warning that some cryptocurrencies \u2014 including XRP<\/a>, dogecoin, cardano, and polygon \u2014 could fall to zero. Noting that stablecoin tether (USDT<\/a>) \u201cstill has a $65 billion market cap,\u201d Cramer opined:<\/p>\n

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There\u2019s still a whole industry of crypto boosters trying desperately to keep all of these things up in the air \u2014 not too different from what happened with bad stocks during the dotcom collapse.<\/p>\n<\/blockquote>\n

Cramer also shared his thoughts on the FTX implosion. The crypto exchange founded by Sam Bankman-Fried (SBF) filed for Chapter 11 bankruptcy on Nov. 11, and an estimated one million customers and investors lost billions of dollars from its collapse. The company is now being investigated for mishandling customer funds<\/a>, among other charges.<\/p>\n

The Mad Money host opined:<\/p>\n

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I am betting FTX won\u2019t be the last of these crypto exchanges to go down.<\/p>\n<\/blockquote>\n

Last week, Cramer called<\/a> Bankman-Fried a pathological liar, a conman, and a clueless idiot. \u201cIntent means nothing. Saying sorry means nothing. If you commingle, if you had no record keeping, those are against the law,\u201d he stressed.<\/p>\n

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Jim Cramer<\/a>, jim cramer advice<\/a>, jim cramer bitcoin<\/a>, jim cramer crypto<\/a>, jim cramer cryptocurrency<\/a>, Jim Cramer FTX<\/a>, Jim Cramer SBF<\/a>, mad money<\/a>, mad money bitcoin<\/a>, mad money crypto<\/a>, mad money cryptocurrency<\/a>, Mad Money FTX<\/a>, Mad Money host crypto<\/a>, Mad Money SBF<\/a>, Mad Money sell crypto<\/a><\/div>\n<\/div>\n

Do you think investors should follow Mad Money host Jim Cramer\u2019s advice about selling crypto? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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